Shower thought. If nations/states/governments are accumulating Bitcoin, then - page 4.

crwth

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I don't know if governments would want something like Bitcoin to be accumulated by them. Imagine a centralized entity using a decentralized currency. There are a couple of things that governments would not like about bitcoin.

The Trust that it has value.
- Imagine FIAT currency, they have value because the government says they have value
- They want it to be backed with tangible assets
They want control over the currency (which is not possible for Bitcoin)
They can't control the maximum supply
Crime Concerns (with all the media and news surrounding it, I don't know if they will trust it)

I think there are more to be discussed, but that's just came from the top of my head. I believe they have other concerns rather than this one. Unless the Leader of that country believes in the currency, that would be a different story all over.

Ailmand

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Quote from: Wind_FURY on September 17, 2019, 01:49:35 AM

I believe they must be doing it in secret. What would be the advantage for North Korea, or Iran, to let everyone know that they are accumulating/mining/HODLING?

I think some countries' government are accumulating crypto and maybe discreet about it since crypto is not yet massively adapted. Maybe those country who believes in technology, innovation and sees the potential of crypto as an alternative medium of exchange.

Wind_FURY

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I believe they must be doing it in secret. What would be the advantage for North Korea, or Iran, to let everyone know that they are accumulating/mining/HODLING?

Topic: Shower thought. If nations/states/governments are accumulating Bitcoin, then - page 4. (Read 734 times)