Why is every government in the world strongly supporting the development of blockchain technology? Blockchain will eventually become the best helper for the government to supervise financial trends and combat money laundering and tax evasion.
It only needs to equip each citizen with a private digital identity and establish a digital currency system, and then monitor through powerful AI computing power to solve the flow of funds and personal property statistics, tax statistics, and perfectly solve the problem of financial flow of tax evasion for thousands of years.
I usually say that decentralized privacy rights will become the best way for governments, banks and large financial institutions to supervise financial information.
To this day, Italy's double-entry bookkeeping method has been subject to change and destruction, miscommunication and cumbersome and complex costs for hundreds of years, but distributed accounting can perfectly solve these problems.
Unlike most people who believe in decentralization, the government will not turn its credibility into decentralized public credibility. To this day, the government has not even solved globalization, open source and trade disputes, and there are still a lot of geopolitical issues. In addition to some small countries that have been bullied, which governments are willing to make their country's finances transparent on the chain? Using technology to solve human problems is a bit too philosophical and idealistic.
I think that by the middle of this century, what we call decentralization will become the last fig leaf to uncover the privacy of ordinary people. It can be considered decentralized, but it is the privacy center of ordinary people. However, there are also benefits. Giving you a digital identity can evenly share various social welfare subsidies, but no one will have wealth privacy.
Bitcoin is just a simple value storage tool!
