squeevey t1_iyejdv7 wrote
Reply to comment by homezlice in IBM and Maersk to shut down TradeLens supply chain platform - Project with shipping giant was once floated as ideal blockchain use case – but industry didn't buy in by Loki-L
I'm picking up what you're laying down. You make some good arguments. I dig it.
> So...can you explain why the government would ever allow a decentralized currency?
Because other countries allow it. If they don't get in the game, then there's money left on the table. Rich gotta be Rich.
If you play ONLY in crypto - it's a bit shadier in the sense that the IRS can't exactly keep track of your income (it's a LOT harder). So then they trust you're reporting your income correctly so they can tax you accordingly. Same with state governments. Government wants taxes. Since this is a digital game, you gotta play to even stay in the game, otherwise money is left on the table.
USDC is exactly that: https://www.investopedia.com/usd-coin-5210435 it's a "stablecoin". The article talks about those too.
Really good article that really makes you think about the current financial system and the future.
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