|
February 10, 2018, 10:48:40 AM |
|
f the Bitcoin bubble has a redeeming feature, it's that it has started some interesting conversations. One is about whether governments should get into the cryptocurrency business for themselves.
The unsatisfying (though undoubtedly correct) answer: It depends. A cashless future is indeed on its way, and governments and central banks have no choice but to prepare for it. But a cashless future doesn't necessarily require government-backed digital currency. And while the technology underlying Bitcoin and other such cryptocurrencies will almost certainly have many useful applications, replacing physical cash is unlikely to be one of them.
|