[starkd]

This is indeed a scary prospect. However, let's be frank about the benefits of such a currency: better control over counterfeiting, financial convenience with low cost transactions, etc. If we can ensure anonymous 3rd party transactions, there could be enormous opportunities.

[int_19h]

The whole point of those systems is to ensure that there's no such thing as an "anonymous transaction" as far as the government is concerned, no?

[tastyfreeze]

> better control over counterfeiting

Remember, it is only counterfeiting if you do it. It is "good" monetary policy when the government does it.

[olddustytrail]

Assuming you live in the UK or the USA, all your money is created by the government (though usually indirectly through commercial banks).

It's counterfeiting when you try to pretend your own currency is government produced.

[Finnucane]

yes, it is not counterfeiting money when the agency legally authorized to create money does that.

[tastyfreeze]

The effects of me printing dollars and the government printing dollars are the same. They just don't want me cutting in to their profit.

The US government is only authorized to coin money. That is making coins out of metal.

[Finnucane]

Party like it’s 1799, dude!