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RE: Will Cryptocurrencies Make Governments and Central Banks Obsolete? PressTV MiniDoc

in #bitcoin7 years ago

Highly doubt they go away. Instead I see they make their own cryptos and legalize it. Hearing already Russia is doing it. This will make collecting taxes easier and central banks controlling supply of the currency much more transparent. It will be the future for sure but the same people who rule over the majority will remain. The only way I see the government and central banks go away is if a current crypto that basically is adopted as currency and used by all. Bitcoin is the very example that can do this but governments will not go down with a fight. I just hope they are too slow to react and by the time they need to it will be too late and a revolution begins.

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Yes, this was discussed in the video.