NEW government Version of Bitcoin??? You have to read this crap!

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Quote from: knightkon on August 24, 2016, 08:41:15 AM

I was sitting and talking with my gold buyer and a friend of his the other day. I have never met this friend of his before. So, long story shorter, I get into a discussion with this 72 year old about what Bitcoin is. His friend jumps into the mix and tries to convince me that there are governments across the world working together to come up with a new form of Bitcoin which will be controlled by the governments. According to him, this will wipe out the current form of Bitcoin and the government will be in complete control. I think this guy is full of S*** personally. If the government would do this, they would be accepting something they are trying to stop and that is the collapse of the banking system where there are more fees than transactions in any given day. I do not see the governments working together to do this. Any opinions on this?

I think the guy doesn't have a single clue what he's talking about to be honest bro. He probably read about it in some crappy newspaper or online article & took it as gospel.

A government controlled coin or blockchain is basically what exists now, FIAT. He's talking shit.

pearnapple

sr. member

Activity: 504

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: calkob on August 24, 2016, 06:55:42 PM

Yeah cause we are all in a rush to get our hands on the government controlled cryptocurrency with which they can track every thing we do with it..... NOT Grin

you are right, people would just look at it as a joke and nothing else, such currency would definitely have no future

coinoclock

member

Activity: 84

Merit: 10

Quote from: angryswamp on August 25, 2016, 05:54:16 PM

Quote from: swogerino on August 25, 2016, 05:42:51 PM

If the government creates their own version of bitcoin then it will die.
Nobody will use it expect the politicians and even they won't like to use it but they will have too in order too show support for their own government. Cheesy

you are right, people would just not want to use it and thats it, it would be nice as they would spend so much money on it and no one would be using it Cheesy

maybe they can force us. if you have to pay the authorities and you taxes only in this GovCoin then people will start using it. aslo if you make a good marketing people will see that it's better than fiat and since they don't know bitcoin they won't know that there is something better.

angryswamp

sr. member

Activity: 268

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: swogerino on August 25, 2016, 05:42:51 PM

If the government creates their own version of bitcoin then it will die.
Nobody will use it expect the politicians and even they won't like to use it but they will have too in order too show support for their own government. Cheesy

you are right, people would just not want to use it and thats it, it would be nice as they would spend so much money on it and no one would be using it Cheesy

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

If the government creates their own version of bitcoin then it will die.
Nobody will use it expect the politicians and even they won't like to use it but they will have too in order too show support for their own government. Cheesy

Velkro

legendary

Activity: 2296

Merit: 1014

Quote from: steven0021 on August 24, 2016, 08:48:40 AM

It's not entirely incorrect if you replace all "Bitcoin" words in your post with "Cryptocurrency". Some governments have already hinted that they wanted to make centralized cryptocurrencies.
But the part about how they're going to replace bitcoin is just BS.

Exactly, apples and oranges.
You can create your own crypto-currency and then what? Nada, nothing, null. Its just one more database in a world with hundreds of millions databases Wink

. If you know smth about computer world, you just know that bitcoin is revolution and any other crypto is just nonsense.

airsounds

full member

Activity: 237

Merit: 250

Quote from: calkob on August 24, 2016, 06:55:42 PM

Yeah cause we are all in a rush to get our hands on the government controlled cryptocurrency with which they can track every thing we do with it..... NOT Grin

that would literally be bullshit, in my opinion such things will never happen as people would just not use it and thats it

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Quote from: Gahs on August 25, 2016, 04:04:07 PM

Just for you all to know, the top banks in the world have agreed to release their own altcoin in 2018 which will be used among themselves. I have a feeling the coin will be introduced to the masses with time.

Re the first part, there's Settlement coin on the cards for sure, but that's hardly global agreement and it's commercially driven not governmental.
Re the second part, as you say, that's your 'feeling'.

Government version of Bitcoin? How does that work?
Government=centralized.
Bitcoin=decentralized.

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

Another conspiracy theory? That is how it looks like to me. I don't beleive that governements are preparing something like this. They can't make agreement on more importnat things and not on Bitcoin. And I don't think they find Bitcoin such a threat that they would considering joint action.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Gahs on August 25, 2016, 04:04:07 PM

Just for you all to know, the top banks in the world have agreed to release their own altcoin in 2018 which will be used among themselves. I have a feeling the coin will be introduced to the masses with time.

What are your sources, and how reliable are they (if you didn't think this news up, of course)?

Gahs

sr. member

Activity: 294

Merit: 250

Minter

Just for you all to know, the top banks in the world have agreed to release their own altcoin in 2018 which will be used among themselves. I have a feeling the coin will be introduced to the masses with time.

calkob

hero member

Activity: 1106

Merit: 521

Yeah cause we are all in a rush to get our hands on the government controlled cryptocurrency with which they can track every thing we do with it..... NOT Grin

Shiroslullaby

sr. member

Activity: 434

Merit: 250

Aren't the Israeli government supposedly involved in the Zcash project?
I remember reading that Scipr lab have some involvement with government projects.
http://www.scipr-lab.org/
https://z.cash/

EDIT:
There is actually a thread about that here, unfortunately no one after the OP really posts much useful information.
https://bitcointalksearch.org/topic/open-letter-to-zcash-israeli-intelligence-1389890

Chris!

legendary

Activity: 1382

Merit: 1122

Quote from: QuestionAuthority on August 24, 2016, 09:42:57 AM

There's two flaws in this story.

1) The guy obviously doesn't know how Bitcoin works. There's already a form of electronic currency backed by nothing, with issued paper wallets that represent value and controlled by governments. We call it fiat.

2) World governments can't cooperate with each other long enough to do it. It's the reason the European Monetary Union and the euro failed. If governments could work together there would already be a "one world currency".

Exactly. I really don't know how they would alter the code to make a cryptocurrency that's centralized but it sounds just awful.

'Dear Mr. Government man/banker sir,

I sent $1,000,000 in fiatcrypto to my electric bill company by mistake. Could you reverse that transaction?

Thanks a million,

Some old fart'

Sir Alpha_goy

sr. member

Activity: 448

Merit: 250

Quote from: knightkon on August 24, 2016, 08:41:15 AM

I was sitting and talking with my gold buyer and a friend of his the other day. I have never met this friend of his before. So, long story shorter, I get into a discussion with this 72 year old about what Bitcoin is. His friend jumps into the mix and tries to convince me that there are governments across the world working together to come up with a new form of Bitcoin which will be controlled by the governments. According to him, this will wipe out the current form of Bitcoin and the government will be in complete control. I think this guy is full of S*** personally. If the government would do this, they would be accepting something they are trying to stop and that is the collapse of the banking system where there are more fees than transactions in any given day. I do not see the governments working together to do this. Any opinions on this?

Nobody ever thinks that Bitcoin was merely an experiment or trial balloon.

A good engineer always does reliability/verification testing before he releases product.

Bitcoin even says all of it's client releases are beta.

So many of you assume that this product is a success.

You fail to realize that it went from decentralized to Wall St in 6 seconds flat.

If I was the engineer I would call that a failure and go back to prototyping.

Doamader

hero member

Activity: 756

Merit: 501

The only problem around a centralized coin is that only countries should invest at them, why would us left freedom and loose once again our control and power over our money to go to a coin centralized, controled by countries. If they offer something along those coins maybe they can reach sucess, as it will advertised into media almost instant, bitcoin will keep with their support and it could be amazing to see countries promoting a crypto coin, making people be able to know about others coins as well. But this its pure rumors and to this happen will take years, if really will happen.

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Quote from: QuestionAuthority on August 24, 2016, 09:42:57 AM

There's two flaws in this story.

1) The guy obviously doesn't know how Bitcoin works. There's already a form of electronic currency backed by nothing, with issued paper wallets that represent value and controlled by governments. We call it fiat.

2) World governments can't cooperate with each other long enough to do it. It's the reason the European Monetary Union and the euro failed. If governments could work together there would already be a "one world currency".

+1 what he says ^^^

Seems like OP lucked into listening to a couple of old white men fantasizing about being in control of everything. Like they do.

ontrackk

sr. member

Activity: 336

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: steven0021 on August 24, 2016, 08:48:40 AM

It's not entirely incorrect if you replace all "Bitcoin" words in your post with "Cryptocurrency". Some governments have already hinted that they wanted to make centralized cryptocurrencies.
But the part about how they're going to replace bitcoin is just BS.

thats true, bitcoin is he crypto that is decentralized and no one will be able to change it, thats why i like it that much

dc1a0

member

Activity: 84

Merit: 10

Quote from: entrepmind23 on August 24, 2016, 01:54:33 PM

I believe that government are already thinking or doing something so that they can have a share of the bitcoin ecosystem. Bitcoin is a threat for them so if they can't do something about it then they would create a cryptocurrency that they can control and may be convince people that this cryptocurrency should be the one they are using. As for bitcoin maybe they will create some conspiracy or something that will convince people especially those that do not really know the nature of it that it is something bad or shady so people will have doubts in using it.

Didn't they already try that by trying to blame bitcoin for Silk Road?

crairezx20

legendary

Activity: 1638

Merit: 1046

Quote from: Ilsk on August 24, 2016, 01:46:14 PM

Why should people use a crypto controlled by governments? There are already fiats for that

Yeah there is not benefits and also we will experience taxes in bitcoin if government is there and if it will happen in the future more hackers will come and destroy bitcoin instead before they can corrupt.

Topic: NEW government Version of Bitcoin??? You have to read this crap! (Read 1487 times)