WHY GOVERNMENTS WILL TURN TO DIGITAL CURRENCY AND WHAT IT MEANS FOR BITCOIN

NEW YORK (InsideBitcoins) – Bitcoin is an astounding advancement in currency and payment technologies, which means it should not be long until governments begin to adopt these technological improvements in their own monetary systems. Although governments will undoubtedly have some issues with bitcoin in its current form, it’s likely that they will take certain aspects of the tech to improve their own fiat currencies.
While governments usually compete on the stability of their currencies (and economies), it’s possible that the technologies used to implement these new, digital currencies could be an extra battleground.
The benefits of cryptocurrency over current fiat currency tech
So, why would a government want to adopt certain aspects of bitcoin and ecash technologies? There are actually quite a few reasons to look at here, but none of them have much to do with the core reasons people are opting into the bitcoin system today.

This post was published at Inside Bitcoins on Dec 11, 2014.