Well there would be one coin for the people........ and one coin for governments and higher ups so the people would never be able to check the coin that was for the governments and higher ups. Checks and balances they call it. Check to make sure that the poor people are still poor and balance it so that the rich never stop being rich.
But that's just the thing, if they have one coin for limited people it will never grow let alone compete :) So it's much better for them to stick with the digital money they use now which comes from key strokes from the Federal Reserve Buildings.
And if they train people to accept crypto-currencies, what's stopping people from using other coins that are far superior.. This is just like when the printing press came out, back then they could wage biblical wars on their populations, burn people to death, torture in public... Not even that stopped them.
Now there is no physical invention they can burn, they can't knock door to door to find out who's using the competition, and even if they knocked door to door, they wouldn't be able to find anything because it's all in the cloud :)
I don't know, I can be wrong but I don't see this is any different than any other civilization outgrowing the system they were born into.
Thanks for the engaging comment :)
I certainly do hope that we are able to grow into a better system. Definitely. I've only recently discovered your work but I have followed you and I'm always looking forward to your engaging and insightful posts.
Now that is a good response. I agree we are growing out of what we were born into. This is way for us to advance, with education we will all prosper rather than just have wealth and health for a limited few.
Doug Casey, who is one of the New York Times best-sellers, announced few months ago a new coin coming from the Federal Reserve as soon as next year. He called it "Fedcoin." But that's good: we would know where the money is going to.
Oh I didn't know that? He's in Aspen now, he was scheduled to speak there but I missed it. Thanks for letting us, know.
Well, I'm looking forward to watch Fedcoin and the all the factors that would emerge from that!
Thats one ico i would avoid haha