I came across this on the news today, and I wonder if this will be a challenge to the growth of crypto in the united states with the government beginning to consider the digital dollar.
Do you think with the level of civilization in the united states, that the digital dollar will be successful?
Quote
The White House is particularly targeting the proof-of-work transaction-validation process used by many blockchains, including bitcoin. This mechanism consumes huge amounts of energy because it requires a lot of computing power.
And with everything else, the administration is pushing for a digital dollar, a kind of digital twin of the dollar, at a time when China has taken a step ahead on this issue
Read hereAnd with everything else, the administration is pushing for a digital dollar, a kind of digital twin of the dollar, at a time when China has taken a step ahead on this issue
Do you think with the level of civilization in the united states, that the digital dollar will be successful?
The digital dollar is not even a threat to the paper dollar. If anything the paper dollar has less disadvantages and more advantages than the digital fiat version. I really hope all these digital government control traps are going to crash and burn at the moment of introduction. The only reason they exist is to take away more freedom from the people and put everyone under a bigger surveillance system. But since Bitcoin has come into existence, I am not worried.
Hell, any cryptocurrency is better than fiat, to be honest.
Worst case scenario we will have to openly rebel against the government on the streets if they oppress us to the point of making any crypto ownership illegal/difficult.
