Great post but what are your opinions on a state backed crypto currency run by the governments which the people are made to transfer to and pay taxes? Could this be a possibility?
It would certainly put a spanner in the works and disrupt the crypto world.
The governments must be thinking about this.
I'm a huge fan of crypto and wouldn't want this to happen. But we must have the discussion.
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I don't consider myself an expert on blockchain or cryptocurrency, by any means, but rational people just wouldn't sign up for it. The whole point of the blockchain is the market's solution to an intermediary within a trusted protocol, correct?
The govt will do it. But by that time, all of us are out of their system. Those who remain will keep doing what their masters make them do.