In the last few month or so we can see the various Central Banks having a very defensive attitude towards the Bitcoin and the other cryptocurrencies, that is normal as the Bitcoin soon will create a big impact and Central Banks are about to lose a lot of business and importance - this is the historical moment that we are living in.
From one hand I am a bit happy that Central Banks will lose a bit of there power and will stop abusing the power that they have but from the other hand I don't forget that the Central Banks are important for the current function of every country and obviously I would not want Central Banks to fall down bringing the entire economy down with them.
If everybody will go tomorrow to the bank to cash out their savings it will be a disaster for all (remember Argentina)
A change is needed but it does not mean that the existing system should be destroyed from one day to the other - A change is needed and it better be gradual and not violent.
I am not an anarchist - some people say they are but it is because they don't appreciate what the governments are giving them.
just imagine, in a state of Anarchy - what will stop a group of armed man to come to your house and take everything you own?
everyone would need to have a small military to defend their belongings - it would be like the middle ages.
So, I would say that even though we all feel that Central Banks were robing us abusing their power for many years - the solution will not be destroying Central Banks and hoping that the system would fall down but a gradual transaction from the dictatorship of the Central Banks Monetary regime to the Crypto democracy.
Please let me know what you think.
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