Government issued cryptos will never be able to replace BTC

Some may fear that a government-issued crypto, e.g. USDC, will kill BTC. This is nonsense. It simply replaces wire transfer of USD with a blockchain. It does not allow for a truly free exchange of value between any two random places in the globe without a meddling intermediary. A government issued crypto will have all the festering deficiencies of a fiat. It will only waste energy thanks to the endless inflation and regulation.



Submitted November 22, 2021 at 05:47PM by fanzakh https://ift.tt/3CDKtMv

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