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.
Sorry if this was not clear. This means I should amend my text and make it more clear.
Cryptofiat: governments (and megacorpo) recognize the usefulness of the blockchain tech but don't want to share the power of minting money with the world at large (Bitcoin) but want to keep tight control over it, like it'd been done for millenia (ahem, Fed). Example in the work: Nicaragua.
Please, tell me if it is understandable. By "understandable", I do not mean you agree with it or not, just if you understand the idea. This is what Quanttek said and thank you for the link!
Thank you for notifying me. If you get some interesting feedback, I'd appreciate you sum them up here.