The main reason for the emergence of bitcoin - the main cryptocurrency - has been to create a free currency free from government interference because Fiat currencies are plagued by inflation and problems by governments. China, Europe and the United States have each doubled or tripled their money supply since 2008, known as "quantitative easing". In dealing with banks' losses to society since the recession of 2008, this has been far more than real economic growth, without any political backlash.
Gold is supposed to be a currency that governments cannot inflate, but because gold is bulky and recognizable, governments can still interfere with it or buy it all at once, so Practically the usefulness of this currency is denied. (Gold has other problems that Bitcoin has solved). But does a government control the encrypted currency? It looks a bit contradictory. What does this look like? If they (governments) can inflate like Fiat in the encrypted currency then what is the benefit of this currency? You don't need encrypted currency for electronic payments, we now have the same one for Paypal and Alipay. There are a few points to make. Bitcoin is not just a digitally distributed inflation protected currency. (Bitcoin also swells, but according to a mathematical formula that is predictable, but not during election periods)Bitcoin, along with other encrypted currencies, is a technology that provides transparency and essential features such as multi signature wallets and smart contracts, including tokenization (mobile payment security solution). Which provides sensitive card information with tokens in the transaction message). None of these features are part of today's Fiat currencies, though you can fake them with buildings full of different people, lawyers and bureaucracies. Precisely because this type of currency is currently available but very inefficient, it does not pose a threat to governments (but it may be a threat to banks). In contrast, for example, there are governments that like transparency (but not transparency from the people themselves). In some examples, if I were to give you millions of dollars in cash in a downtown restaurant, probably no one would even have the NSA and the VAJA (Ministry of Intelligence of the Islamic Republic of Iran). Unless they intercept you or me, they will not know. If I send you $ 5 using an encrypted currency, for example Bitcoin, all humans on the planet can see or seek it forever. But most people don't know (or don't notice) that this money has been moved between you and me, but there are technical tools for government agencies that can be used to show people how to communicate, especially That they have access to a huge electronic surveillance system for recording bitcoin transactions.
Bitcoin, along with other encrypted currencies, is a technology that provides transparency and essential features such as multi signature wallets and smart contracts, including tokenization (mobile payment security solution). Which provides sensitive card information with tokens in the transaction message). None of these features are part of today's Fiat currencies, though you can fake them with buildings full of different people, lawyers and bureaucracies. Precisely because this type of currency is currently available but very inefficient, it does not pose a threat to governments (but it may be a threat to banks). In contrast, for example, there are governments that like transparency (but not transparency from the people themselves). In some examples, if I were to give you millions of dollars in cash in a downtown restaurant, probably no one would even have the NSA and the VAJA (Ministry of Intelligence of the Islamic Republic of Iran). Unless they intercept you or me, they will not know. If I send you $ 5 using an encrypted currency, for example Bitcoin, all humans on the planet can see or seek it forever. But most people don't know (or don't notice) that this money has been moved between you and me, but there are technical tools for government agencies that can be used to show people how to communicate, especially That they have access to a huge electronic surveillance system for recording bitcoin transactions.
Regardless of the foregoing, there is no doubt that today's political freedoms in China are much greater than in 2005, if we are to speak without bias. This is not because of a meeting of the Chinese Communist Party in which they decided to grant these freedoms to the Chinese people. No, I can assure you that such a meeting has never taken place. What happened was, however, that these freedoms appeared, in part, because of the urgency of the times, and the Chinese government allowed them because they now have the means by which they can be assured of that freedom. They are not a threat to them (do not overthrow them). I think the same thing will happen with encrypted currencies: The encrypted currency will lead to the free flow of finance, and national encrypted currencies will also be tools that convince governments, to the extent necessary, to allow "time lags" to be the national encrypted currency. . If you're an ideologue of cryptocurrencies, your immediate response might be: "This is very unpleasant." But you should know that what exists in technology will not always be as clean as you would ideologically imagine. If you had been in the Silicon Valley (an area south of San Francisco, the world's largest trade and technology hub), when you were in the 1990s, when the foundations of the modern Internet were formed, you would have heard from most enthusiastic liberal technology advocates that How the Internet will create a platform for democracy around the world, including the United States itself, in addition to providing platforms for Amazon (Amazon), YouTube (Youtube) and Netflix. They will all be able to communicate with other people and disseminate their thoughts without censorship, or through a publicity, a Hollywood studio, or even a legislator, bypassing the entry gates (meaning no obstacles There will be no way out). Many of those same fanatics of democracy were very happy and happy, years later, when people used Twitter to organize their government to overthrow governments during the Arab Spring. After Donald Trump won the presidency on Facebook, many now claim that democracy is on the rise and have turned to trusted brands like CNN.
Technology has all kinds of effects. Regardless of your political position, you may like some effects and some will not. In fact, you may like some of them and hate them when they no longer act the way you like them. The truth is that no one, even any government, can control or anticipate all its effects, especially those that are more socially relevant. The same thing is likely to happen for encrypted currencies. While governments try to anchor their features (in order to control everything) by resorting to different laws and defining national encrypted currencies, in the long run, this will not work. And on the other hand, although national encrypted currencies may be at odds with the original definition and nature of the encrypted currency, they will, in my opinion, actually help the encrypted currency achieve most of the benefits that were in the minds of its originators. Find out. What do you think about encrypted government currencies? Is this a positive move? Given the government's keen desire to control everything, wouldn't government-encrypted currencies also be a type of traditional Fiat currency that would carry with it the basic problems of the past? Which governments will be more successful in this industry and competition and be able to properly position themselves in the community of encrypted currencies with the right view of this technology?