This is the reality as long as we are modern. Think back to ancient times when people didn't know what money was. They make transactions through products. That is, one would replace the other's meat with vegetables. And that was the process of their transaction. People have changed over the course of the day. At one time they used the leaves of the tree as a means of transaction. Later, gold coins and silver coins were gradually introduced. And today paper money has been created to make transactions easier. But even 300 years ago there was no bank, and today we cannot go without a bank. In the same way, 20 to 30 years from now, maybe the banking system will go up. Because people don't want anyone else to know their bank account. And people will choose digital cryptocurrency as an alternative to this bank. Bitcoin may be his alternative. Bitcoin is a decentralized process. This means that there is no need for a third party in this process. There will come a time when people will no longer take the help of banks. They will manage all the activities of daily life starting from shopping through digital cryptocurrency.
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?
A good topic starter and question now I would like to start and share about something connected to this.
I know that there who already post before me but I just want to share that the local Government in the Visayas region of the Philippines accepted Cryptocurrency and it is amazing how there accepted it that possibly saw the future and good use of Cryptocurrency but there is a concern from the OP who started the previous topic I answered.
When there is a piece of good news and to shorten it there will always be bad results from it.
My idea was that there Govemenr saw something special that they could put and might or possibly get money for their own expense.
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?
1. This local Goverment that I am talking about can possibly prove that the banking sector can accept hope
2. That is my concern as well But I thought maybe this local Government make more money and fewer taxes from the city or local government.
3. Possible and might affect the Government but still, they can fond a life hole friend.