Quote from: target on January 28, 2020, 04:15:46 PM

Quote from: Colt81 on January 28, 2020, 04:02:13 PM

Quote from: Greatchu on January 28, 2020, 02:47:33 PM

No it's not going to happen since government hate the decentralized ability in many coins in crypto space today, it's one of the main reasons Central Banks are building their very own digital currencies but i bet people love making money which is why crypto coins will be more favourable over all

I don't think government hate cryptocurrency because there are already a lot of countries who accepts crypto like US, UK, japan, Australia, etc. The only reason why the government will not adopt cryptocurrency to replace fiat is they will support fiat currency no matter what because even it is not profitable, it is the material thing that we use in exchange for goods and services.

There are just countries that officials aren't corrupt and it could be where digital fiat that is using blockchain will be adopted. One country adopting this cryptocurrency will lead to another til all will also be adopting cryptocurrencies. Today there are number of countries who are adopting crypto and IRAN had just started trying.

Replacing fiat may take years and years, we are just in the early phase of adoption so we are yet not seeing where all these will move forward. But the countries that first bann BTC are now adjusting and had been unbanning it.

Blockchain systems are indeed more used as transparency and will usually be rejected from countries, because most countries do not want the world community to know their economic system. but on the other hand, this system is quite helpful to reduce the level of corruption due to transparency. although it can still be manipulated for transactions, but there will definitely be a track record.