I just don't trust in a central government doing this, no matter who it is. Sweeden is better then Venezuela, but how will they manage the volatility in crypto? That is not something you want in a national currency. Maybe by then it will have more liquidity but still.....no me gusta
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I imagine that they will deal with volatility just as they do with fiat, because in practice, that will be a fiat currency, but that it will use the blockchain technology to make the transactions.
To me this represents the potentially dangerous side of crypto currency. Governments would love to eliminate cash and that has already begun by the removal of large notes in the Eurozone and in India. For crypto to help free the people it will need to be decentralized and ultimately not attached to the fiat system. We live in interesting times my friends.
Totally agree.
Still, people have to accept the bloody thing and I assume these will be fiat pegged. A financial crash+Anonymous attack on the network+Data breach is all we need. Plus early crypto adopters will have much power left and nobody will really bring down crypto. We need more cyberattacks on governments and starve the beast financially.