[mmichaels1970]

It seems Dr. Angel is simply pushing for government control and regulation.

Fed takes over the monetary policy:

The Fed would create (mint) bitdollars that would be exchangeable for regular US dollars. The miners would be paid via transaction costs.

Governments take over deciding who can and can't mine:

It would be regulated. Miners would have to be registered to make sure that they are not criminals. They would be regulated to make sure that they have sufficient cyber-safeguards in place and not colluding to control the payment network. They would be required to comply with the anti-money laundering laws. The network would be required to block transactions with accounts associated with criminals.

Sort of defeats the whole purpose.

[Errant]

Sort of defeats the whole purpose.

He's looking at it from an improvement in utility, not so much benefiting or empowering people. I do believe the latter to be the most important aspect, to be used as a tool to put government into cage and not people. To free us from the middlemen in commerce and to better control the purse the government depends upon for its unfettered growth. Governments now have reached the point in fiat creation where it simply tells the Fed to print more money to satisfy their exponentially increasing debt.

IMO, we've come to an intersection in this road we've been on for millennia.

[Bloody Sam Roberts]

Sort of defeats the whole purpose.

Indeed. If that happens, the Bitcoin will fail as people cash out in droves.