If my idea proves to be correct, will the government of the country accept it?
1. Will the government of a country ever want their banking sector to be abolished?
2. How will the government collect taxes from the people?
3. If the government can't keep track of people's legitimate money, won't corruption increase?
This is one of the sources of income for the government. Why would they want it to abolish? The possibility that the government will ban bitcoin is much possible than abolishing the bank sector.
They will implement too many regulations to collect taxes from the people.
It depends on the government officials if they increase their corruption because we all know there's a lot of money involved in crypto-currency. Hence, their chances of increasing their corruption are very high.