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You own your money, not somebody else (AKA banks). Banks will only act as a loan mechanism. Fiat currency will be converted to crypto as a means to invest in
by fagnerbrack 9y ago
You own your money, not somebody else (AKA banks).
Banks will only act as a loan mechanism.
Fiat currency will be converted to crypto as a means to invest in the country monetary system. Tools will be built around converting globally decentralized cryptocurrencies (e.g. Bitcoin) into a country-specific cryptocurrency.
It will redefine the world economy for the fact there will be no paper money anymore. It will also remove the last piece of liberty you have, which is to get paid by physical cash.
The globally decentralized countryless currency - Bitcoin or whatever protocol will be called "Bitcoin" - will bring the physical money liberty back, but it won't be the same thing.