Quote from: microwave on September 02, 2018, 05:36:22 AM

Quote from: CPetersson on August 30, 2018, 07:49:32 PM

We all know, there are 2 types of cryptocurrency
1st: centralized
2nd: decentralized

The difference between them, centralized cryptocurrency is controlled by a government or a company. It has value only in the specific area under company or government boundaries.
Decentralized cryptocurrency has no connection with any state, government

But, the government of some countries are against Bitcoin and some are ready to adopt Bitcoin. So what would effect on Bitcoin if any government approved Bitcoin as a legal tender?

Decentralization is for all of us to be improved of our living lifestyle but this is not useful in general i mean to the government economy if all people are use bitcoin for daily transaction, because how could the poor people get help from government if bitcoin is decentralized we know already that in rural area has no computers and cellphones because of no internet site, how did they get help to the government.

I think that is not a very serious problem, we must not forget that we are still bound to use all the money for crypto results to Fiat, so far there are still many villages that have received financial assistance several times in a few years, without problems in temporary assistance. fiat, the original side of crypto is that decentralization will remain intact and safe, all like this, without regulation from any institution, so that we can control all money without having to intervene with others.