> Having a central actor, like a government, would solve a lot of scaling problem, as well as transaction history issues and also cost associated with making transactions.
Then why Bitcoin, Ethereum, etc. instead of USD? Why the need for a crypto currency if everything is already in place? In place with laws and regulations.
The first line of the Bitcoin paper is :
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution".
The whole point of cryptocurrencies was to get rid of the third party in the first place...
Then why Bitcoin, Ethereum, etc. instead of USD? Why the need for a crypto currency if everything is already in place? In place with laws and regulations.