Not true. You made the following judgment:
Moreover, those governments would first need to agree on who should be given the power over BTC money supply. I hope it will not be the fed but an international entity (with a UN mandate?).
Ok. got me there. ;-) However, my OP intends to be judgement free.
Interesting point. I myself learned a lot about the nature of money and the mechanics of money supply since I first learned about bitcoin. But "we" early bitcoiners are avantgarde and think more about its nature than anyone who starts to use Bitcoin when it already has become mainstream.
I doubt that this education you mention will change the way of the world.
Now that you have learned a little more about how Bitcoin actually works perhaps it is time to change the title of your thread. At this point you must agree that "Why bitcoin supply will NOT cap at 21M BTC" is very misleading. A more accurate thread title would be:
"What if the government(s) started their own alt coin?"
You're certainly not short of arrogance.
I disagree. Your title is of course a possible scenario. But as I'm talking about bitcoin, this is covered by:
So the bitcoin community will face a choice:
- Stick to the fixed supply model and get banned from legal commerce. This would destroy BTC value and bitcoiners would lose a lot of money (or more precisely: wealth) within short time.
What you suggest (gov starts its own altcoin) will only open a possibility for bitcoiners to flee the sinking boat