Hi
how about if all currencies will be known worldwide or if it will be acknowledged in all countries even coming to become the currencies of the world, what will happen to the value of each currencies, or better yet what will be the impact. Are banks will be their first enemy?
Gracias!
Since, BTC is being popular in all countries it could either be a future cryptocurrency or still online technology that government dont care about this. Banks are existing before while BTC is not. I don't have much idea about those things before they exist. The only thing I know is that banks are there to serve people in a long transaction but they don't compete. They are just accepting money like our wallet.
Well, the government cannot be controlled by the government due to it being decentralized. But the only way that they can "CONTROL" it is by implementing laws regarding the regulation of it. The government can also impose tax whenever there is a transaction from converting it to fiat but they cannot fully control it. I disagree with you saying that the government does not care about bitcoin. Since this holds a large amount of conversion value, every country will exercise all the means to garner profit from it.