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A comment on Bitcoin Will Probably Never Be Embraced by the U.S. Government. Parent comment

Re:Bitcoin Will Probably Never Be Embraced by the U.S. Gover... by felipeko on Thursday December 21, 2017 @12:28PM (#15980788)
There are things a government needs, like revenue source and public servants, to exist or do its job.

Government does not need to have its own currency for exist or to do its job.

It's debatable that government having the ability to mess with monetary policy is a good thing. It may be working in US at the moment (and it will be hard to measure if it is helping or not), but there have been a lot of countries economically ruined because of that.

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Re:Bitcoin Will Probably Never Be Embraced by the U.S. Gover... by KirinDave on Thursday December 21, 2017 @12:36PM (#15980851)
> Government does not need to have it's own currency for exist or to do it's job.

Please provide evidence for this. It seems like most successful governments disagree.

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Re:Bitcoin Will Probably Never Be Embraced by the U.S. Gover... by shawn-butler on Thursday December 21, 2017 @12:46PM (#15980946)
A lot of successful governments use the euro, a currency which they neither own nor control?
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Re:Bitcoin Will Probably Never Be Embraced by the U.S. Gover... by ravitation on Thursday December 21, 2017 @01:03PM (#15981174)
All the members of the Eurozone do have a say in the governance of the ECB and therefore its monetary policy... In a comparable way to the oversight the federal government has in the running of the Fed...
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Re:Bitcoin Will Probably Never Be Embraced by the U.S. Gover... by Retric on Thursday December 21, 2017 @01:02PM (#15981154)
I think you underestimate the amount of control they have.
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Re:Bitcoin Will Probably Never Be Embraced by the U.S. Gover... by shawn-butler on Friday December 22, 2017 @10:48AM (#15988270)
I do not underestimate the amount of control they have.

Their share in the bank was was determined in 1998 on the basis of the states' population and GDP, and adjusted since.

Please by all means do me a favor and educate me on the amount of control a country like Slovenia exerts on ECB monetary policy with its 0.3% capital allocation?

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Re:Bitcoin Will Probably Never Be Embraced by the U.S. Gover... by Retric on Friday December 22, 2017 @12:15PM (#15989063)
Slovenia can abandon the Euro at any time. This power sit's on top of any other they gain being part of the collective.

Countries use the Euro because it's useful for them to use the Euro, if it's stops being useful they drop it.

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Re:Bitcoin Will Probably Never Be Embraced by the U.S. Gover... by mempko on Thursday December 21, 2017 @01:09PM (#15981228)
The euro is also in crisis.... Just look at Greece and Spain. The euro is an experiment and we still have time to see if it works.
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