Governments and banks want different blockchains. Blockchains that'd make Orwell cry in a corner. Sure we'll get government issues cryptocurrencies: CRYPTOFIAT. All your transactions will be traced, monitored and taxed automatically.
Of course, they'll make exceptions for certain individuals...
yeah this is what scares me too. "fedcoin" will replace the fiat currency and they will track your purchases and keep people in their place. fortunately i think there's ways to make sure the gov doesn't know what you buy and such
A cryptocurrency created by a government will be terrible but I think people are exaggerating what they can accomplish, when you think about it those that know about cryptocurrencies like us are not going to use such coins we will avoid them and the general public is going to do the same since they are fine with their fiat so only a very low amount of people will use such coins.