Great. A new all powerful bogeyman. Cryptofiat.
What are the essential characteristics of this new fictional threat? I note they have not been described anywhere up thread.
It's something like Ripple, just by the gov. It is not really about the blockchain or the decentralized anture of Bitcoin. Cryptofiat only means, that they will probably use a blockchain system to keep track of all dollars, euros etc to get the same transactions speeds and fees, which would render Bitcoin useless for the normal user. Hence, even economic professors state this
[1][1]One recent example: Futuremag on arte, german/french tv station with a recent (and very positive) segment about BTC: German: https://www.youtube.com/watch?v=gV2yOYhTD-g French: https://www.youtube.com/watch?v=VmpmUFlK9tg&list=UU2u8DRz3KhzXo9h3g__ZhzQ