If banks and governments create their own cryptocurrency, will the people still be the ones to give value to it like Bitcoin and will we be able to store it in our own ledger to protect our own money?
From my understanding, the way we are going to be storing government issued cryptocurrency will be like when you’re saving in a bank or storing your money in centralized exchanges where you wouldn’t be the one who would be in charge handling your money, rather it will be banks or whatever kind of exchange that would be controlled by the government that will be handling it for you, and a you will be doing is just making transactions and things like that, just the same things you can do with your mobile banking while your money is stored in the banks. But I believe everything has stages, with time there is usually an improvement for everything.