Correct. It will grant governments more control over people's wealth than ever before, so it's in their advantage to come up with their own crypto currency sooner than later. Imagine how governments will then be in a position where they could just freeze your balances at any time of the day, or give you an instant haircut in case they think it is justified to take that amount from you. Governmental theft and barbary will be upped to the next level that goes beyond all human rights. People are muppets and cash cows of the government already, but with their heavily centralized garbage, people will be pushed into a deeper hole of slavery. One must be stupid to participate in a system like this. Bitcoin is an easy and directly the best possible way to obtain financial freedom, and to finally actually own all your value.