[Tilting]

Cashless society (via cryptocurrencies) helps track monies for taxation even though governments never bother to pay down/off their debts. More of a control thing.

[DeathBeforeDishonor1]

They’re just following Chinas lead in implementing govt issued cash cards that can be tracked , and punish the masses. Venezuelas followin right behind them.

Nothing to see here.

[DesertRhino]

And they will miss the only thing worthwhile about crypto, the fact that the supply is fixed and it cannot be inflated.

A cryto-dollar or crypto-euro that is merely an online fiat currency will be nearly meaningless to the people using cryto now.

[867V309]

me too! send money to 867V309crypto.com.

I’ll get back to you.

[who_would_fardels_bear]

The Internet was supposed to lead to greater freedom. Cryptocurrencies were supposed to lead to greater freedom.

I guess the Founding Fathers were right: without a good moral compass there is no technology that can keep us headed in the right direction.

[zeestephen]

Since the whole purpose of crypto currency is to evade taxation, or conceal wealth, or launder sovereign currencies, or buy or sell stolen or illegal goods, why would anyone who obeys the law even bother to use it?

As to the possibility of keeping a public record of all transactions, it's an excellent idea, but you could accomplish exactly the same purpose by attaching a unique serial number to every Dollar (or Euro, or Yen) in circulation.

Speaking personally, if I have to choose between the currency of a sovereign country that has enforceable contracts or the currency of private entrepreneurs, I'd rather deal with a country.

[preacher]

L8r

[BuffaloJack]

Cryptocurrency is just the next layer in fiat currencies, like Federal Reserve Notes which are backed by a nothing but a hot air promise.
A true currency is backed by precious metals.