“Cryptocurrency enthusiasts have a secret fear. … Their worry is that everyone will use just one digital coin, causing values to collapse and wiping out investments in all their other coins. The concern is that the U.S. government, through the Federal Reserve, will release its own 'FedCoin' and make it the only currency allowed for digital U.S. trade. That would be bad enough, but if the government pre-mined all those coins, it would also have the same control over the currency and its value that Federal Reserve can now exert over the dollar. …”
Read the full article on: Forbes