Guess who owns 6,000,000 bitcoin ...
You??
What’s to keep bitcoin creation from getting out of hand — i.e. bitcoin inflation?
Actually the blockchain technology that is the foundation of Bitcoin and all the other cryptocurrencies is where the govt is heading - digital money instead of paper and coins. It will still be a fiat currency with no assets tied to the value, it will just be digital. Instead of a bunch of investors creating and trading digital money, it will be the govt taking control of digital money
Imagine, the govt being able to track all your transactions, make sure it collects tax from every business transaction - sales, income etc. Billions of dollars in the black market, in the under-the-table market trading hands in the current paper system all disappears. They are salivating at the chance to institutionalize digital currency.
So to the degree that Bitcoin and others now might seem a threat to govt control of money, that will change, and what Doug Casey called the “Fedcoin” will become the digital currency based on blockchain technology.
Google blockchain technology and the US govt, it’s already being set up for numerous applications, digital money will soon follow.