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by stcredzero
2685 days ago
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That's much harder to do with governments controlling fiat money. What about government supported fiat money implemented with blockchain? The best way to implement that would be to preserve as many of the attributes of blockchain as possible. So the government could take coins in their possession out of circulation, or change mining parameters to print more money. Perhaps they could even print money just by signing it. However, they would not be able to make money disappear out of other party's accounts. And many complaints are not about things Bitcoin actually promises to do. It doesn't promise to make exchanges safe. Is it really viable not to have safe exchanges? |
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Not sure how that would supposedly work.
There is one interesting application of government, though: the distribution of the coins. That is what all the cryptocoins struggle with. A government could give every citizen an equal amount of coins, because they have a database of people.
"Is it really viable not to have safe exchanges?"
Some would say that they don't need exchanges, they want to be able to pay everything with Bitcoin. So they wouldn't need fiat money.
Apart from that, exchanges can be at least as safe as banks or traditional stock exchanges. I am mostly using one that is associated with a bank, in fact.