Post
Topic
Board Economics
Re: Government+cryptocurrencies
by
Ayiranorea
on 09/08/2020, 01:59:37 UTC
for me the government will only interfere in the field of crypto currency, because the government tends to control and regulate the economy with the aim of not harming the government's finances itself,

We know that crypto has a decentralist nature, it cannot be controlled by a person or group of people, while the government tends to be the opposite.

   It's how you said it Shreek! These two are contradictory, and people will have to choose what will they use, if there's a choice,
governments can find a way to force people to use their crypto-currency!
   We will have to choose will we obey to their rules, or we will follow a decentralized way of thinking. I am for decentralization,
but that means that we will have to make some big changes in this world.

And if that is the case the governemnt will be choosing to ban crypto currencies on the country. They can't afford people using decentralized crypto currencies unless they are already taxing it(don't know how will they do that though). It would be an alternative to fiat/crypto that the government would issue but I think this is still far from us.
Countries with limited population as well as having good technology development have already begun to circulate their own cryptocurrency. I read about Switzerland and Korea having their own cryptocurrency. This isn't much into usage now, can expect increased usage in the near future. Another important thing is the taxation, it'll hard to tax every transaction which is also a reason for the delay of cryptocurrencies usage within the countries.