Well not so fast, politicians already accept donations through bitcoin , so they already found a useful way to use it: for bribery.
Yes what can a totally unaccountable politician wish for: an untraceable currency with which to get his bribe. Don't worry guys they won't ban it, it's their game now
Very true, never thought of it that way
So bitcoin might just become the 'currency' of choice for the political elite
Well not for all of them, there is always opposition (those that are closer to the banks and get feeded from them directly, while the bank is in opposition to crypto).
But if they really go through with their banning cash agenda, then the bribery would be more traceable. Currently they just use envelopes or suitcases for bigger deliveries, and its untraceable. However if they ban cash, then it will become traceable, and even if they bribe the bank to keep their transactions "off the books" , I doubt they will get away with it, as there is civil war between politicians too, and 1 will fight to get the other in jail.
So to completely avoid it, some of the clever ones, have already thought about if they could just use Bitcoin for their shady deals.
I mean just look at USA, first thing they did was to accept BTC as election money (not because there were so many bitcoiners eager to donate to them, but because they will probably get some dirty funds that way), the same thing happened lately in Australia, and probably in other places too.
These politicians are very sneaky opportunists, finding every opportunity to make a buck.
