Post
Topic
Board Bitcoin Discussion
Re: Is this the biggest threat to BTC?
by
DannyHamilton
on 10/10/2014, 16:29:34 UTC
There is no benefit to a government to publish their own blockchain completely under their control.

If they want a digital currency, they can do so in a centralized way. Doing so has no need of a blockchain at all.

The purpose of the blockchain is to provide a decentralized consensus among the users.
Limiting fraud is a benefit.

There is nothing about a blockchain that makes it easier for a government to prevent the fraud of others.

The only thing a blockchain does is take control of the currency away from the creator.