What happens when governments get into cryptocurrency | Droolin Dog dot Net

Russia is working on a government-run cryptocurrency. And they’re not alone. Governments around the world — including the U.S., China, Japan, Canada, Venezuela, Estonia, Sweden, and Uruguay — are either actively working on some form of digital currency or exploring the topic. But don’t expect a bunch of bitcoin clones. Governments have very different priorities, and decentralization — a main feature of most cryptocurrenices including bitcoin — doesn’t tend to be one of them. In fact, government digital currencies could herald a new era of centralization, posing serious questions about privacy and the viability of true cryptocurrencies like bitcoin. Read more… More about Bitcoin, Cryptocurrency, Tech, and Innovations Source: http://mashable.com/2018/01/08/cryptocurrency-bitcoin-governments/ Tags: > Tech and Science | #ScienceTech, #pch3lp, #TechNews, Cryptocurrency | #Cryptocurrency, pch3lp, PCH3lp, TechNews

Original Post: https://droolindog.net/2018/01/08/what-happens-when-governments-get-into-cryptocurrency/