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RE: My suggestion to governments: What the world wants, it will get.

in #bitcoin6 years ago

A good philosophical rant @intelliguy, like it. The dilemma I've been having is with the current state of most crypto technologies, how does one country government regulate them all? Do they set a blanket framework for people, do they put each coin through a process to be compliant, do they leave it to an exchange?
The next thing, is what if a government embraces cryptocurrency too much?? - i.e. goes 100% digital. There are no more paper notes or coins. Everyone has to use their chip, and can use all the crypto they want. Using it in other ways is punishable as treason/fraud. This is the big scary question - Would they allow a crypto with as much anonomity built into it as a pile of cash? They could track where money moved, but would they go the extra step and 'for all our own good' know to which individual every step of the way? Do you think such worst case scenario is something we as crypto futurists should be thinking about, or am I panicked about nothing and you've got something I should go read?
:)

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