In the best case scenario that a country wanted to use a cryptocurrency why wouldnt they create their own coin instead of using Bitcoin?
because network effect #security #decentralization #legitimacy
Are you implying that bitcoin is actually decentralized?
nah, but still it'll be more decentralized than any crappy gov token, whether digital or not.
And i think that if a country creates a nice fork of bitcoin it would pretty fast acquire a big network.
who would mine the fork, ensuring blockchain security? goverments? XD
i think it aint happening. ever. bitcoin is just different. so political yet apolitical.
Why would a fork of bitcoin adopted by a country would be less decentralized than bitcoin? And why do you call it crappy gov token? It would be just a fork of bitcoin and accepted everywhere and for everything in that country. As a matter of fact, given the number of people now knowing about cryptos, it would be 10 times more decentralized than bitcoin.
The reality is that a government has to control her economy. Because if she cant she risks being controlled by others. So no goverment would/should ever risk to use a decentralized currency. But if they did adopt a new fork of bitcoin it would be more decentralized and easily more adopted.
Because dollar/euro/yen/rouble is crappy worthless printed tokens.
Printed by people that has no legitimacy on "controling" the
economy monetary system.
They will fail at some point, as every other fiat currency has in the past.
A government only duty is to ensure its citizen safety and prosperity.
Certainly not freaking controling every aspect of their lives and taxing the sh*t outta them.
edit: and actually, bitcoin's decentralization
is