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?
I don't think the government of any country will ever accept to abolish the banks because of cryptocurrency, cause this banks helps them to track their citizens, unlike cryptocurrency that is a decentralized currency which the transactions cannot be traced, and I don't really think the government should abolish the banks because of cryptocurrency, I believe the bank and crypto can co-exist instead of killing the bank to make a point.
3. If the government can't keep track of people's legitimate money, won't corruption increase?
Corruption originally started with fiat and up till now there's still corruption, yes it might add but let's face one fact corruption will always be there, no matter how hard we try to eradicate it.