1. Do you honestly see these folks launching anything that isn't printed on paper?
Look at them for a fucking second! Do you think that they have an inkling as to what is going on? They can barely send an email for peace sake!
2. Even if someone in the government is smart enough to create a crypto, NO politician will have the audacity to one-up the business community. The US government is not in the business of competing with the likes of Wells Fargo on wire fees.
The only role the US government can play in all of this is that of passive spectator just like they did with the internet. These technologies are too vast and free for them to be able to do anything about it. Yes, much like in the mid 90s, when music executives were on every TV show threatening people to take them to court if they had the balls to download a single song from Napster, we are seeing advancement the likes of single-minded US businessmen cannot comprehend.
This isn't going away.
1. So because you have no data nor any idea how monetary systems work, your best argument is to post a picture from google images and say 'look how old they are, they don't know what's going on'........... ok
2. Who is this 'business community' you refer to? The business community isn't crying out for bitcoin because they already have legal tender you dolt. The only people crying out that we need bitcoin as a currency are the people who bought it at $0.01 each and the people who paid $18,000 each LMAO.
The banks are adopting blockchain on a private network to cover B2B transfers and it's Ethereum, not Bitcoin.
Nobody said it's going away, in fact everybody is saying blockchain is awesome and we know that banks, Govt and big business are adopting the technology. Who is telling you blockchain is going away because they are misinformed.
Where you guys are going wrong with Bitcoin is you were easily sold on the belief it was a global currency/money. It's an impossible ask. Cryptos will be a form of exchange but it's to do with piggy backing off the existing monetary market to increase speed and ease of transfer.
Whilst you guys keep banging the global currency drum you are failing to see the real market for blockchain is in banks/utilities/telco....... that's where the importance of blockchain technology lies where they can transmit payments faster than before including across countries without dealing with exchange rates.
I can kill your bitcoin in one swoop with this one question.
You guys claim the webstores, amazon, ebay etc will all accept bitcoin. Cafe's, restaurants, small business will accept bitcion etc..... ok so lets assume we wake up tomorrow and they all accept bitcoin. Answer me how do they then manage their bitcoins with a banking system based on the Ethereum platform........
FWIW i already said i am heavily invested in cryptos but i have a different outlook as to their function.