Will any government be happy if they lose power and control? Fiat currencies are controlled by governments and banks; the prices, supply, circulation. Imagine them not being able to do all this. When cryptos will become commonplace, regular people like us will be able to transact very easily. We will have no cross border payment problems, no currency conversion problems, NFTs will be the new way to validate identities, (and these are just a few grains of sand on a beach called blockchain), and the world will behave as one country for everyone.
But will the governments want this? No! They will never want this.
Lately we have been hearing so much about banks in UK stopping payments to Binance for our own "protection". This is such a dumb joke. The super rich and corporates can take unimaginable amounts of loan from the banks, declare themselves bankrupt if things don't work out and they wouldn't bat an eye. But common people like us, who are trying to spend whatever is their own, are being stopped at every step.
CRYPTO IS NOT JUST ANOTHER CURRENCY. IT'S A REVOLUTION.
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