Post
Topic
Board Economics
Re: Asset backed cryptocoins?
by
TheUltraElite
on 04/12/2019, 06:55:54 UTC
money washing happen anytime, anywhere that we would not know about
How is that related to the topic at hand?
Quote
and asset backed crypto? not crypto only, whold economy.
and last one, the nation's own fiat it they could get it on blockchain, it should be over for bitcoin.
Nope. Bitcoin will remain as long as people use it. Even one person using it means that it is still alive. Again why would people trust a asset-backed crypto which is centralized by the government for supply? It is not different from fiat currency and thus will suffer the similar problems of deflation, continuous printing.

While the situation at Venezuela is commendable, one should remember that not every country is in the same situation so it not something that will happen.