Yeah... I do agree with you. I was telling a friend that the time is coming (very soon) where we will all have to choose what side of the line in the sand we stand on. As soon as governments attempt to counter BTC with their own corrupt government crypto... that will signal this choice. Let’s hope that this is a choice... but likely there is going to be a price to pay for every choice that’s made... the choice for me will be easy but I know the price will not be easy to pay... at least not in the country (Canada) where I currently live. It may come to a decision... We all arrived here as immigrants... from worse off places in the world. The time May come were we will have to make those sorts of decisions once again... just like our grandparents did. Time will tell but both my eyes are open. How about yours?
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I share the same sentiment. However, I do not think we'll see a government backed cryptocurrency. It does not make sense...it will essentially be like fiat banks with a fancy name.
It’s basically going to be a fake response to the actual and real world innovation that is Bitcoin. They will be forced to respond in kind... but because it is constructed by a centralized entity it won’t be able to compete with truly decentralized technology designed specifically to eat its breakfast, lunch, and supper money. But that doesn’t mean that they won’t try. They will try to sell us the sea shells on the sea shore. It will be up to us to be wiser than that... we may have to HODL tight to our bags for the next decade... or at least until the minds that have created our modern problems are removed and sidelined for being obsolete.