Post
Topic
Board Economics
Re: Bitcoin and Fiat - this is how I see the future
by
beatzcoin123
on 06/01/2019, 07:03:38 UTC
At a time where I see currencies moving away from cash to digital I think the reason is partly so that governments can control the flow of their currency more particularly for laundering. They can possibly gain more taxation from a cashless currency because cash cannot be fully traced. If i sell my car for cash to another individual the government dont get any revenue from that because it is not traceable.

So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.
Nice ideology, but the big question is will the government allow that? is this not the same reason they are fighting against bitcoin? It's a very generally acceptable ideology but it's a long shot.