Post
Topic
Board Economics
Re: Why Cryptocurrency threatens governments
by
STT
on 12/10/2018, 09:22:36 UTC
It could be argued everything is a possible threat to government because not everyone votes or supports what a government of a country stands for.     The base line is the government power only comes from support of the people.   If a standard or utility is derived from this technology that benefits the people then its fair to assume that support and benefit will be passed on for support of the government which allows and encourages that technology.

I really have to disagree then for most advanced progressive countries they look towards technology as something which creates wealth for their citizens and enables a work saving economy beneficial to all.   The majority of governments do not see crypto as a threat even in USA where I expected opposition as they required the financing of dollars to service debt, most in politics seem to realise crypto is very popular with the people and not a threat overall.     The bad press mostly comes from just general apprehension of change I believe