[garmaine]

> But what if central banks themselves entered the game? What would happen if the Federal Reserve, or the European Central Bank or the Bank of Japan used blockchain technology to create their own virtual currencies? Besides, that is, having some cryptocurrency fans’ heads explode?

Maybe some of the wacko nut-jobs out there in cryptocurrency fandom. But most would welcome this with open arms. It would mean that you could create smart contracts denominated in fiat, or trustless exchanges, or trustless covered shorts on the price of bitcoin, etc. What's the downside?

[BaronVonSteuben]

I'm probably one of those "wacko nut-jobs out there" that you refer to, so you may just want to dismiss my point outright with ad hominem. However, I don't think any of us wacko nut-jobs would care about fed coin, as long as they don't go after competing coins. In fact, I welcome the competition. As long as it's free competition, may the better, less manipulable, coin(s) win.

[garmaine]

Why competition? This isn’t a zero sum game.

[21]

It is. You either store value in dollars, euros, gold, real estate, art or bitcoin.

You can't "dobule spend" the same value.

[garmaine]

The market cap of bitcoin going up does not make the market cap of gold, usd, or real estate go down. Total aggregate wealth is not zero/fixed sum.