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re: Here's why Bitcoin is the future of money
Posted on 5/1/13 at 9:52 am to TigerDeBaiter
Posted on 5/1/13 at 9:52 am to TigerDeBaiter
quote:
If the government does what your quote claims, then, this is why bitcoins is NOT the future of money.
Why?
If governments offer digital money, like Canada's MintChip, it will make it easier for people to move into decentralized crypto-currencies.
In fact, that's what some have already proposed:
quote:
Ironically, one of the leading ideas for the use of MintChip in the MintChip Challenge is to purchase bitcoin with it since it’s irreversible.
https://www.forbes.com/sites/jonmatonis/2012/04/12/mintchip-misses-the-point-of-digital-currency/
1
Posted on 5/1/13 at 11:10 am to WikiTiger
quote:
Why?
Why would somebody use bitcoins, which are not backed by anything, if the government is providing a digital currency that would be backed?
Other than to use it for illegal activities.
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