Recently news are coming about countries testing to bring their own cryptocurrency, which IMO is a joke. Cryptos like Bitcoin was not built just to make it more secured. It was built to make it decentralized, take control back from Governments and give people the freedom they deserve. It seems like Govt. wants to make people think that Govt. have no idea about that. Why do they need to create a national crypto? I want to know one good reason.
Governments using blockchain tech is literally just trying to gain more control.
There is no point in having a crypto that is not decentralised. Because if someone can still control over the money supply and interest rate, then it's just the same as fiat currency. It's worthless because someone can get more into circulation with a press of a button.
There is no point either in having national cryptos for each country, when bitcoin is already a global crypto that doesn't have any borders.
I'd rather hang onto my bitcoin(real money) rather than buy into governments crypto fiat, thanks.