Replies to post #388734 on Tornado Alley (PROG)

[Zorax]

I would say sure that's in discussions. But I would also say they (bitcoin/netcoin profiteers) always have a creative way to dance around the while elephant in the room.

Do you have an example of a currency or unregulated form of currency that succeeded in any fashion as an alternative, non taxed, non regulated product in the United States in place of our country's regulated currency?

Because that is what many of the cryptocurrency profiteers keep claiming that is the reason for bitcoin. As I stated, running any of these as just an investment vehicle in it as a commodity or entity and not as a replacement currency is far more probable of a play.

If the gov gets involved, odds are they won't be using anything that exists today.
There is no reason to use someone else's coin when they can create their own just like these other exchanges have done.

And I seriously doubt the government would invest in any existing market to resell themselves. The gov can be stupid some times, but they're not that all dumb.

[Zorax]

Some issuers like Circle and Paxos are contemplating that future as well, believing that the payment networks they build for their stablecoins could be used as roads that a Fed digital dollar could drive on.

I see where they are hoping to be bought out by the government if that happens down the road, but I think they're hedging a huge likely losing risk as the government most likely would not need access to an outsiders roads when the gov has all their own superstructure already in place. The feds commented a few years ago about investigating bitcoin and it's concepts for viability.

But it's all interesting concepts.