After years of rising debts and failed policies, our governments decided it was time to print with the illusion that wealth can be created out of thin air. Obviously they are now realizing that wealth cannot be printed so why not seizing it from its citizens? One of the worst nightmares of banks are the long cues that you will see creating in front of ATM machines in time of panic, and understandably people want to hold cash because they can control it. Our governments would like to change that and they are considering the idea of banning cash (gradually they already started by decreasing the withdrawal limits on ATMs). In times of negative interest rates banks will start charging you for keeping your money, and if you are not allowed to have cash you have nowhere to go and decide if you want to be punished for saving money or if you want to spend it all. To implement this they will just use a tool that is it's working pretty well, fear-mongering. They are successfully depriving us with our privacy with the pretext that national security is on the table, they will do the same thing with cash, they will say that terrorists use cash therefore we need to ban it (they can get away with anything with the excuse of terrorism).
It sounds like a plan but bitcoins may get on the way for them. Do you think that sooner or later governments will try to ban bitcoins?Of course they can't prevent people from exchanging bitcoins with one another but they can go after businesses that accept bitcoins
I would like to know your thoughts..
During crisis governments try to make the economy stable. When they try to do this try impose such regulations on withdrawal limit, transfer limit and all. Even this can be get rid of few banks. Terrorists have various options, they just won't depend on bank for their money transfer. When the governments feel the cap market of banks are getting decreased they may plan in the banning of bitcoins