Do you think that since Bitcoin can be issued without a central bank, cryptocurrency can bypass the state, replace the current legal currency, and achieve denationalization.
This kind of anarchist ideology should have been with mankind since ancient times, but I am sorry that this idea has never been realized in the past few thousand years.
Will it happen in the future? It is necessary to ask whether the country agrees or not.
The lesson of history is that thousands of years ago, when countries began to emerge, they began to monopolize coinage rights. Why? Because coinage itself is not for trading, but for taxation and effective governance.
Therefore, if you want to denationalize currency, you have to deprive the country of its coinage and currency issuance rights. Sorry, you are asking the country’s lifeblood. You have to ask the country whether it agrees or not.
So do you think the country will agree?
There is another question, can you really live in a world without a country?
My answer is that it is not clear what will happen after 100 years, but the country will definitely be there as long as you are alive.
In the future, state institutions will certainly exist, but the issuance of currency will no longer be monopolized by the state. No state agency is willing to give up its coinage rights and monopoly profits. But when Bitcoin was born, everything changed. Bitcoin gives ordinary people another choice, to own Bitcoin and abandon legal tender. In this way, you can truly protect your own assets and allow your assets to appreciate. This trend has now taken shape and is unstoppable.