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Topic: What happens if the government replaces existing currency with credit-backed Bit (Read 149 times)

full member
Activity: 278
Merit: 100
Bitcoin contrasts with gold rather than paper money
The internal logic is to oppose the central bank to decentralize
Corresponds to the central bank violence - credit expansion, super-money
If there is government credit endorsement that bitcoin meaningless
full member
Activity: 186
Merit: 100
First, at least for now the government has no reason to support bitcoin.
Second, how does bitcoin gain government credit support? Who can control the issue of bitcoin, including the government, is the government involved in mining?
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