Leon Louw: Bitcoin Transform Government

Posted by admin on Sunday, April 26, 2015

Leon Louw Money Quotation saying transformation of role of government and economics could result frpm Bitcoin. Leon Louw said:
 

 

“Bitcoin might revolutionise more than money or economics. It could transform the role and nature of government” — Leon Louw

 

 

Bitcoin has the potential to significantly change how governments operate and interact with citizens. Because Bitcoin is decentralized and not controlled by any single entity, governments may find it harder to track, tax, or regulate cryptocurrency transactions in the same ways they do with traditional currencies.

Some people believe this could lead governments to provide public services and interact with people in new ways that are more limited or different than they do now. However, the impacts of Bitcoin on government are still uncertain and being debated.

Categories: Fintech Tagged:bitcoineconomicsgovernmentleon louw