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Re:IMF Head Foresees the End of Banking and the Triumph of C... by HillaryBriss on Monday October 02, 2017 @06:08PM (#15388381)
assuming bitcoin were the main currency, then, as soon as political pressure grew strong enough to demand real monetary flexibility, (e.g. to track a business cycle and reduce unemployment, or to fight a deflationary spiral) someone (in government) would start innovating.

that innovation could mean replacing bitcoin with another currency through forceful governmental intervention of some kind. or it might mean modifying (i.e. distorting/destroying) bitcoin's current protocols or algos. bitcoin is in its early stages, but so are governmental efforts to regulate it.

Re:IMF Head Foresees the End of Banking and the Triumph of C... by TheGrassyKnoll on Monday October 02, 2017 @08:02PM (#15388981)
> bitcoin is in its early stages, but so are governmental efforts to regulate it.

And so are government efforts to compete with it. I think that eventually, the Treasury Dept. will see so much convenience in crypto currency(s), they will issue their own coin, the only 'legal' tender in the land.