Some may fear that a government-issued crypto will kill BTC. This is nonsense. It simply replaces wire transfer of a fiat with a blockchain. It does not allow for a truly free exchange of value between any two random places in the globe without a meddling intermediary. A government issued crypto will have all the festering deficiencies of a fiat. It will only waste energy thanks to the endless inflation and regulation.

submitted by /u/fanzakh
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Source and link to Reddit topic: Government issued cryptos will never be able to replace BTC

Author: Reddit.com