Re: United we stand, divided we fall - the coming rise of cryptofiat
good insight, but i think the gov would oppose it cause it is decentralized. they don't like this way.
The gov would love it because it IS centralized.
Fiat has to be centralized, do you really think a coin would work if in the wallet there was a button labelled "Mint Coin Now" you would trust all users to use the button with restraint?
Some of us call that button, the right clicky thingy on your mouse. COPY + PASTE = crypto fiat shitcoin :/
Look at how the private/fiat banks got their start during the late 1700 and 1800s. Now look at our current state of crypto affairs.
Do you see a difference ? I don't.
http://www.youtube.com/watch?v=5IJeemTQ7Vk&list=UU7TvL4GlQyMBLlUsTrN_C4Q