1. why not just finance the way they normally do, by borrowing (selling bonds), or taking money from the taxpayer?
2. currencies today are already essentially digital. the vast majority of transactions are handled electronically. the value of a bank account are just bits on a disk.
3. bitcoin can't become a reserve currency, there is no such thing as bitcoin bonds. the growth of the bitcoin money supply has been predetermined. government wants to be able to control the money supply, because it gives them power.
4. the usd as a reserve currency will probably be replaced by a global currency, SDR's, to the detriment of humanity.
i don't think it is farfetched to cook up bitcoin as an intellectual exercise. i think it is more likely to be 2, or 3 people in collaboration, because design by committee never works.
government is too short-sighted to have created something like bitcoin.
2. currencies today are already essentially digital. the vast majority of transactions are handled electronically. the value of a bank account are just bits on a disk.
3. bitcoin can't become a reserve currency, there is no such thing as bitcoin bonds. the growth of the bitcoin money supply has been predetermined. government wants to be able to control the money supply, because it gives them power.
4. the usd as a reserve currency will probably be replaced by a global currency, SDR's, to the detriment of humanity.
i don't think it is farfetched to cook up bitcoin as an intellectual exercise. i think it is more likely to be 2, or 3 people in collaboration, because design by committee never works.
government is too short-sighted to have created something like bitcoin.