Reply to post: Re: No

UK Treasury and Bank of England starting to sound serious about 'Britcoin'

Ian 55

Re: No

No sane western government - or even the ones we have - are going to use a widely distributed database for something as important as 'money'.

The main / only attraction to this is the thought that government will be able to see - ie tax - everything going on in the economy.

For obvious reasons, you don't want everyone to be able to see that your wallpaper cost £How Much!?! and was paid for by the newly enobled Lord Donor.

Similarly, no sane western government is ever going to adopt Bitcoin, with about 1/20th of the entire supply owned by someone unknown who may be dead but certainly isn't Craig...

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