So, the US Government is in the process of regulating Bitcoin. Source:
Whether or not it will succeed is still up in the air, but IMO its likely.
So my question is if govt does regulate bitcoin, in that scenario bitcoin would be like all digital cash and would be recorded, just like any credit card transaction, you would be able to walk into any gas station, store or website and use Bitcoin instead of the dollar.
But the big question is, dosent that defeat the whole purpose of bitcoin, a currency that is “free from government, company or bank regulation / manipulation” ?
Just a question i have been wondering about recently,
Moreover, with the nation wide coin shortage, is the govt just trying to phase out cash transactions? I mean, before bitcoin, cash was king because you could use it without the govt’s prying eyes.
Any info / thoughts on the matter would be interesting.
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