top | item 30087619

(no title)

chad_stevens | 4 years ago

Of course, if people start using another currency then they lose a lot of power. Being able to print your own money is a huge power states have. You won’t be able to print your way out if a crypto takes over, that’s why crypto will never be a thing; unless the state makes a bastardized/spy coin.

discuss

order

bubbleRefuge|4 years ago

Is there any way for the government to control the issuance of crypto coins? The Fed has proposed creating a 'digital' dollar . Just not sure if its the same thing as a crypto dollar ?

PretzelPirate|4 years ago

The concept of Cryptocurrencies doesn’t prohibit the arbitrary creation of new coins, that’s just an implementation details of most of the popular ones. Even Bitcoin could have allowed for Satoshi to create new coins on a whim, but that wasn’t Satoshi’s goal.

A government could create a cryptocurrency where they control inflation.