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RE: Bitcoin Banknotes Are Out: What Do You Think?

in #steemit7 years ago (edited)

I get what you mean but I think we should be very wary about the cashless society. Block chain technology offers the potential for decentralised currency exchange but I really can't imagine for one moment that government will allow that to flourish. I suspect it is much more likely that they will legislate so that only their crypto can be used. This will further centralise economic control in my view.

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Hmm, that's an interesting view.
People have been talking about this for a while now.

The government will definitely kick against this, but we can survive. No one can stop the blockchain, not even the governments of the world.

I really hope you are right. I agree, from the little I know about blockchain, the technology offers massive potential. But equally government won't give up their ability to control the monetary system without a fight. We'll have to wait and see.