Nice post, thanks.
As far as crypto goes:
To me it is Crypto vs non-crypto digital 'money'
But it is also about Owned vs non-owned systems
All we need is an "app" so I can pay you or the merchant.
No need for plastic cards.
And it is this that has the elite bankers scared IMHO
But assuming my coffee shop takes crypto and so does my landlord as they both have an "app" I just transfer crypto as needed. I don't need FIAT unless I want to deal with someone still on that old system $0.02
Yeah I totally understand what you're coming from. Crypto is still an asset that has value, and much like money it is very liquid as there is sufficient acceptance for many people to accept it as a form of payment. The only difference is that crypto isn't regulated like actual money is, there's no real way to tax it (as of now) as such governments and banks are unsure of how to react to it since many people could avoid having to use banks and being taxed through using cryptocurrencies. I guess enabling taxing could be possible in the future, but I'm not too sure about banks. With cryptocurrencies being accepted worldwide, will other currencies slowly become less accepted by the people?
Personally I can't see how they can regulate me sending you a file that has a hash code or something similar in it. just an ascii text string that happens to connect a block chain that means my $2 is now yours.
They can try & stop it &/or tax it.....but I can't see how. I'm sure they will come up with 'rules' &/or arrest people (eg in india?) but this crypto horse has bolted IMHO !!
So no tax, no banks..... ummmm
the world is going to be a very different place :-)