Looking At The Positive Side To Government Crypto Currencies

Over the past couple of weeks we have seen a lot of FUD about a few governments releasing their own national crypto based currencies .

The country on everyone's radar right now is Venezuela and the Petro Dollar, we will see how they handle the whole situation. Other country's that are in development of a digital currency right now are China, Japan , and Sweden. It is very likely the USA will just sit back and watch what the world is doing before they jump into the digital currency race .

Some people think that government backed cryptocurrency's will destroy the point of decentralization. Lets look at this in a logical way. If you have whole countries that are suddenly using a crypto based currency, that means they have easier access to the crypto market, thus more liquidity can circulate. There really is no down side to this matter because its the protocols themselves that makes something like monero, ether, and of course bitcoin a decentralized network.

Please people do not be afraid of government backed crypto's! Just sit back and watch this revolution unfold over the next 30 years. Be smart and make good decisions.