I share the same sentiment. However, I do not think we'll see a government backed cryptocurrency. It does not make sense...it will essentially be like fiat banks with a fancy name.
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I share the same sentiment. However, I do not think we'll see a government backed cryptocurrency. It does not make sense...it will essentially be like fiat banks with a fancy name.
It’s basically going to be a fake response to the actual and real world innovation that is Bitcoin. They will be forced to respond in kind... but because it is constructed by a centralized entity it won’t be able to compete with truly decentralized technology designed specifically to eat its breakfast, lunch, and supper money. But that doesn’t mean that they won’t try. They will try to sell us the sea shells on the sea shore. It will be up to us to be wiser than that... we may have to HODL tight to our bags for the next decade... or at least until the minds that have created our modern problems are removed and sidelined for being obsolete.