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RE: 7 Questions For The Crypto Experts--An American Government Accepted CryptoCurrency

in #cryptocurrency7 years ago

Thanks for posting it is a large set of questions you have there! I think any country looking to do this would have both good and bad. I think the main worry has to do with cryptocurrencies and government wanting to "print more" and who would have access. Key selling point is money can be tracked at all times including government spending so much more transparency.

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I think that pro of transparency may actually be a con as well...a double edged sword if you will. Sometimes, governments do not want transparency with their finances--especially for "national security" reasons...

Really, I just wonder what the true value is for a nation to turn to crypto....I think if transparency is the big catch, it will not be big enough to get nation's like the USA to catch on...it must me something much greater....but what that is, I do not know.

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