Re: Introducing a state-issued cryptocurrency

I think its a good decision by government.. What you guys think about it?

Are you joking?

In the Bitcoin forum par excellence, what do you think we will find? We are for a decentralized currency and not the digital versions of the crappy fiat currencies controlled by governments and central banks.

Well, it's almost looking like this OP is pro-government and anti-crypto because why would he even say that the Indian goverment made a good decision. Or maybe he/she just didn't understand why people choose decentralized currency over local fiats or centralized currency that is controlled and manned by the government itself. How's that a good decision mate? Huh

Being in a state of liberty or having financial freedom was truly the best option we had, and not being worried about the inflation because we can adjust to it.

I think it is way more likely that they just do not understand what they are talking about, after all in theory a centralized currency has its advantages, however the big problem with it and the systems based around it and that Satoshi identified on their white paper is trust.

We need to trust that governments and banks will not abuse their power, and the issue is they always do, so a system that eliminates trust from the equation and that at the same time gives the power back to the people is what was needed, and that is exactly what bitcoin is.