Crypto currency (IF banned from CA)

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Spadge Vernacular said:
If it was to become the new facilitator of trade and investment.
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People are not going to be interested in accumulating any kind of government controlled asset.

the decentralized aspect of bitcoin is exactly what people are attracted to. In fact any government attempted counter would just reinforce that reality.
 
Kev The Rat said:
People are not going to be interested in accumulating any kind of government controlled asset.

the decentralized aspect of bitcoin is exactly what people are attracted to. In fact any government attempted counter would just reinforce that reality.
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That’s not true. People’s principles go out the window at the promise of easy quick cash.
 
JimmyJeffers said:
That’s not true. People’s principles go out the window at the promise of easy quick cash.
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Perhaps, but that is exactly what governments don’t want so they will enforce their version of ‘price stability’ via chicanery and in many cases outright robbery.

none of that is attractive to investors.
 
Kev The Rat said:
People are not going to be interested in accumulating any kind of government controlled asset.

the decentralized aspect of bitcoin is exactly what people are attracted to. In fact any government attempted counter would just reinforce that reality.
Click to expand...
It definitely is a concern of the innovators and early adopters in the market but I'm not sure that the mass market will share the same ideal - if it is adopted by the masses, that is. It would be interesting if they do, though.
 
Spadge Vernacular said:
It definitely is a concern of the innovators and early adopters in the market but I'm not sure that the mass market will share the same ideal - if it is adopted by the masses, that is. It would be interesting if they do, though.
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See above I see no arena where authorities allow a currency under their control to reflect their actual going’s on
 
JimmyJeffers said:
That’s not true. People’s principles go out the window at the promise of easy quick cash.
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Unless I'm also misunderstanding, to reap the benefit of a crypto-currency you'd in most cases have to at some point transfer back to standard currencies.

The success of the currency is measured against the USD or GBP etc, and to use in the real world would mean accepting a standard equivalent.

I don't have an issue with trading digital-currencies as for me they're more akin to a decentralised share system (ownership of an asset) rather than a currency.

It's a long way off being an actual independent currency in its own right. My friend, who does well from crypto, agrees with much of the above.
 
The central banks are already moving into the space of Central Bank Digital Currency (CBDC). If that is what the market wants then that is what they will produce. People will have a choice but you would have to imagine that in a crypto future that all nations' payments via employers etc will be by the national currency i.e. britcoin or the like. Some people will like bitcoin, in the same way some like iphones. If the market remains unstable any coin that is backed by gold or the like will seem a safer option.
 
Spadge Vernacular said:
The central banks are already moving into the space of Central Bank Digital Currency (CBDC). If that is what the market wants then that is what they will produce. People will have a choice but you would have to imagine that in a crypto future that all nations' payments via employers etc will be by the national currency i.e. britcoin or the like. Some people will like bitcoin, in the same way some like iphones. If the market remains unstable any coin that is backed by gold or the like will seem a safer option.
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Not sure people are or will be interested in the so called ‘safety net’ of a currency that depreciates at the rate of 20% p/a. Sounds like more of a death trap to me.

iPhones lol
 
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