Quote from: exstasie on August 27, 2019, 09:27:59 PM

What exactly do you mean by "New World Order?" A one-world government?

By mentioning "New World Order", I'm referring to a one-world government. It may seem impossible to achieve nowadays, but the mere fact that Blockchain technology unites everything, there might be a possibility that worldwide governments may reach a common agreement. We'll just have to wait and see what will happen with the development of this revolutionary technology within the future.

Quote from: exstasie on August 27, 2019, 09:27:59 PM

Why bother with mining in such a centralized system? There's no need. The consensus is determined by trusted authorities. And sure, this sounds like a dream come true for governments until you realize all governments are competing against one another. They won't agree to give up their sovereign currencies.

Of course there's no need for mining in a centralized system. But if you look at the way how central banks print their own money nowadays, you could see the same thing in the digital realm. By acting as miners, they could issue newly minted coins to the public in the same way they are printing physical cash right now. Governments may be competing against each other now, but they could reach an unanimous decision to make the world a better place by implementing a system which keeps track of the world's transactions in order to gain greater control over the people in an easier way than usual.

Quote from: exstasie on August 27, 2019, 09:27:59 PM

I do think governments are pursuing this on a national level. It's perfect for surveillance. I just don't buy into the whole one-world conspiracy theory.

Exactly. Blockchain technology's transparency proves to be extremely beneficial for mass surveillance. With physical cash, it's nearly impossible to keep track of where and how it's been spent with precision. By implementing a digital currency, it becomes easier to keep track of every transaction made on the ledger in order to reduce criminal activity as much as possible. Only time will tell us whenever people will adapt to this new system, or not.