GovCoin = just the same as Euro or Dollar, except they have to put little more effort into creating them out of thin air. Not too much though, as they'll be the only ones allowed to mining them.
So, no thanks, I'll skip the centralized crap and stick with Bitcoin
The likes of you and I and most on this forum would prefer Bitcoin. However, the great unwashed would prefer bankster/gov backed fraudcoins. There is just no stopping people being stupid.
No kidding! JPMorgan is still the biggest most powerful bank and why? Why do people do business with them? Are these customers all doing international business transactions? No. Then why? All I can figure is that people love excessive fees, penalties, poor customer service, and just generally being treated like worthless garbage.
That people love to be defecated on by the wealthy and powerful is the only plausible theory I can come up with. So far I haven't been able to convince even family members to start using credit unions instead of major banks. It's stupid.
There is a Credit Union here called America First which is HUGE. They have branches all over the region. It seems like there's one on every street corner. They even have one in the busiest Walmart in the state. Why the heck would you not do business with them? There customer service is gold, they have minimal fees, you get a voting stake in the orginization by depositing a small sum of money, they have a 20% reserve instead of the banks 10%, they are insured in much the same way, and they treat their members like gold.
Most of the people I know that bank with major banks have college degrees and they hardly travel let alone do any interstate or international transfers. It's so stupid and pathetic but they wont listen. Why do people hate themselves so much?
Maybe the biggest weakness of bitcoin is human self-hatred properly exploited!
