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RE: [dtube] Will Governments Create Their Own Cryptocurrencies to Rival Bitcoin?
Legit Cryptocurrencies are (among many other things):
- Open Source
- Fairly Distributed
- Decentralized
If "Governments" get into the cryptogame, they're going to be VERY DISAPPOINTED by the amount of transparency and equity in the market...Not a game they like playing.
They should just stick with printing as many USDT Tether USD they need to pay their current debts until tomorrow.
Lol ya. If it's decentralized and fairly distributed then there's no advantage for them, they may as well just tell people to use Bitcoin.
And to whatever extent they have special control of it, it'll cut in to why crypto works and holds value. There could be some improvements over the current system, like if you take away the feature where they can create new coins at arbitrary. But OTOH, it won't have the tradition and the "brand" of the dollar, which seems like a big drawback.
It would be funny tho if "blockchain" as a marketing gimmick gave a gasp of life to the USD, like they tokenize it and have an ICO like all the other hucksters do nowadays lol
Exactly! Current Stakeholders (Governments, Power Brokers, Etc.) will try to use the new technology to continue their operations and it's up to us to decide which Crypto projects are legitimate
Opportunity, and the opportunity to be taken advantage of, are always present in new technology.
Bitconnect is the perfect example of this: Just a centralized, unfairly distributed, not open source ponzicoin.