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RE: It's bitter but truth is truth. Cryptos can never replace fiats.
Thank you so much dear for your valuable thoughts.
However, it is also worth noting that cryptocurrencies have the potential to offer certain benefits, such as increased speed and efficiency in financial transactions, as well as greater financial inclusion for those who may not have access to traditional financial services.
Government can overcome to these problem by simply issuing their own blockchain based currency. It has started in India and other countries are also doing it.
Oh, yes for sure you´re right with the CDBC´s they can overcome that, but one must not play the game like they like to, one can operate an aditional crypto (I prefer BTC) account /wallet and have still personal freedom to spent their wealth for what ever they get with BTC (or similar) in peer to peer transactions so the state does not have the chance to mess with it. That´s kind of a deal with another person in cash just with crypto -without greedy bankers, and information seeking state organizations.
Think of it its your money/crypto not the one from a government or a bank, so you need to have the right to choose what ever you like to do with it (maybe as long as it is legal) without getting headache because of worries that big brother Gov is seeking to have access to your financials.
They also won´t tell you what they do with their own money, right? So why you should do ?
Yes, you are right. However, they still have more chances than crypto lovers as they have authority.