Post
Topic
Board Bitcoin Discussion
Re: Is this the biggest threat to BTC?
by
DannyHamilton
on 10/10/2014, 19:53:37 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.

It stops counterfeit money.

You aren't paying attention.

The purpose of a blockchain is to establish a decentralized consensus.

A government operated digital currency has no use for decentralized consensus.

A centralized digital currency without a blockchain stops counterfeit money just as well as a blockchain based one.

Please take some time to learn a bit and ask some reasonable questions before making assumptions about things you don't understand.

I won't be repeating this again here.