If a government is corrupt and or broke, how does it usually behave towards its citizens?
Now what if the government knows it's broke?
What if a government knew it was needing a new debt based system?
Questions would arise; what were the hindrances of the last system in place? Perhaps governments of the world wanted to see how cryptocurrency works in a market of its own. It's no surprise after the year 2008 BTC really starting to proliferate
and operate in the open. Perhaps it really was just a litmess test into how a new currency would work? The best place to start any experiment is to at first remove the controls. The environment of the wild west can test best the organic nature of a new market.
We all know Bitcoin could rise or even fall in the toilet (the dreaded shut off the internet scenario). So what if governments devalue the old money system and then create their own virtual cryptocurrency? It could run side by side with BTC until it can't or isn't allowed anymore.
I know BTC is open code. But that doesn't mean that it can't be controlled (via exchanges as an example) or even tracked. A ledger based system makes it possible to see every transaction a person or institution makes. They could as well limit cash and possibly rid itself of an old corrupt money printing operation (of course to only start a new type of game with even more control). Now don't get me wrong, since the government is corrupt it will assuredly create another debt based market.
How a new crypto government issued currency market will look seems more frightening as it rips off any anonymity.
Totally fiction? Or totally plausible?
BB613
