the goverments have plan to create their own cryptocurrenicies, so the btc and eth was just testing currencies to see how it works and get people to use with cryptocurrenies?
first whats wrong with fiat currency? the cash is works good nothing wrong with this.
second how they are going to control how much to issue the currency and how the value will be backed?
and by who the transparanscy is guranteed?
The digitized currencies of the central banks of states will not at all conflict with the usual currencies of states, since they are actually the same thing, only in different forms. Governments will issue them within the limit set for fiat currency.
I agree with you. However, digital currency is much more stronger than fiat because it is fully centralized by the central banks. You can launder those money without being caught by the authorities. Everything will become more transperency, easier to trace and you sn not escape from the government. I wonder if professional hacker can interupt the system. This can be consider as innovation of humankind although many people will be fully controlled by their country. Just look at China. Even though cbsc is just a test, citizens behaviors can easily be observed