But cryptos were hailed as the future of money outside of government control. If you are implying that they need government to achieve stability and marketability then it defeats one of the original purposes of crypto.
You can't make new money without existing entities using it. The government doesn't control the Bitcoin they own, they just have a stake in it. They can't issue more Bitcoin.
But cryptos were hailed as the future of money outside of government control. If you are implying that they need government to achieve stability and marketability then it defeats one of the original purposes of crypto.
You can't make new money without existing entities using it. The government doesn't control the Bitcoin they own, they just have a stake in it. They can't issue more Bitcoin.
It still requires government buy in to give it value and stability.