my thinking is very simple. no government will surrender currency control to the internet community. assuming that no government owns any bitcoin or other crypto currencies, there is no incentive and it would be insane for a government to declare itself penniless. in short, bitcoin will never be the legal tender. in fact, the Chinese government is planning to issue its own electronic money, but there is no place for bitcoin.
05 December 2017
bitcoin
my conspiracy theory is that the West may use this tool to rip off Chinese investors, and once the bubble bursts, Chinese investors (and many others) will go empty handed.
my thinking is very simple. no government will surrender currency control to the internet community. assuming that no government owns any bitcoin or other crypto currencies, there is no incentive and it would be insane for a government to declare itself penniless. in short, bitcoin will never be the legal tender. in fact, the Chinese government is planning to issue its own electronic money, but there is no place for bitcoin.
my thinking is very simple. no government will surrender currency control to the internet community. assuming that no government owns any bitcoin or other crypto currencies, there is no incentive and it would be insane for a government to declare itself penniless. in short, bitcoin will never be the legal tender. in fact, the Chinese government is planning to issue its own electronic money, but there is no place for bitcoin.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment