Loading ...I probably will not enter the cryptocurrency thing but no one ever mentions the black market it will create. The cryptocurrency market is screaming failure of the fiat system. Good money has always driven out the bad since history was first recorded. The results have always been the same. Introduce a currency, get good acceptance and then start the debasing process. The romans used silver coins. At first they made them smaller and then alloyed the coins. The chinese were the first with paper money and the results were so bad that everyone refused to accept it.
During all that time, barter was still in operation. Real wealth and resources are always in demand. If you can’t trust paper money, how can anyone trust something that doesn’t exist outside an electronic machine ?
Governments may very well go to a cryptocurrency and a consumption tax. Think of the opportunities in barter! Government agents will treat the whole economy like the bootleggers in alcohol.
rno