Comment Natural, as cryptocurrency is a pyramid scheme (Score 1) 86
Like all monetary systems, a cryptocurrency is simply made up
- and in the case of cryptocurrency, the medium of exchange has no underlying value/usefulness (as opposed to e.g. gold).
Therefore it is natural that any government with an already functional monetary system will not adopt an existing cryptocurrency - because as such, they would just be paying to buy into someone else's made up value. Instead, that government can just create their own cryptocurrency - and mandate that it is the only legal one to use. They they become the ones who receive payment for something that is created from nothing.