Its a double edge sword....we are at the point where we have to determine how this technology is used. If the government is allowed to set up an intraweb so to speak of its own regulated coins all we have done is given them the capability to wipeout the wallets of every political dissenter for example. We aren't moving fast enough to keep pace with the technology. There has to be fail safe protocols from keeping this from happening and thats what I love about the crypto night suite of coins. Transactions need to be untraceable, there's no other way. Ledgers need to be completely anonymous or this fails. I can see a time in the US that one political party gets the majority of Congress and the White House, they are so pissed they had opposition that they just decide to wipe out the funds of every dissenter. Given the massive amounts of metadata saved on us everyday it wont be hard to target. Steemians would be one because they are for free speech. This can go two ways thats why the technology hasn't been banned they know used right it can make their dreams come true.
Its a double edge sword....we are at the point where we have to determine how this technology is used. If the government is allowed to set up an intraweb so to speak of its own regulated coins all we have done is given them the capability to wipeout the wallets of every political dissenter for example. We aren't moving fast enough to keep pace with the technology. There has to be fail safe protocols from keeping this from happening and thats what I love about the crypto night suite of coins. Transactions need to be untraceable, there's no other way. Ledgers need to be completely anonymous or this fails. I can see a time in the US that one political party gets the majority of Congress and the White House, they are so pissed they had opposition that they just decide to wipe out the funds of every dissenter. Given the massive amounts of metadata saved on us everyday it wont be hard to target. Steemians would be one because they are for free speech. This can go two ways thats why the technology hasn't been banned they know used right it can make their dreams come true.