Bitcoin Will Probably Never Be Embraced by the U.S. Government

Re:Bitcoin Will Probably Never Be Embraced by the U.S. Gover... by alexasmyths on Thursday December 21, 2017 @12:24PM (#15980740)

"Government does not need this ability,"

Extremely debatable, given the fact that every nation on planet earth basically uses monetary policy.

A rational policy whereby currency is exchanged for other assets at a rate using benchmarks is preferable to a strict currency.

A better economic policy might even allow almost anyone to exchange assets for currency. Then the market can decide how much is in circulation (though arguably that is already happening, just the levers are in the hands of a body, not a distributed group).

[ Parent | on HN ]

Re:Bitcoin Will Probably Never Be Embraced by the U.S. Gover... by joshlemer on Thursday December 21, 2017 @12:38PM (#15980863)

>every nation on planet earth basically uses monetary policy

Not really true, if you consider all the countries that use the currency of an other. (https://en.wikipedia.org/wiki/Currency_substitution)

[ Parent | on HN ]

Re:Bitcoin Will Probably Never Be Embraced by the U.S. Gover... by felipeko on Thursday December 21, 2017 @12:31PM (#15980805)

I don't think it is debatable considering we have had successful governments without it.

Saying every country does it is not a good point, as it could be applied to slavery once upon a time.

But I agree that it's debatable if it is good. Being good and necessary are two different things though.

[ Parent | on HN ]