The idea that central banks during this current crisis, will create national (or super national) crypto currencies as a way to combat the current economic issues and banking issues. We are seeing this already with the ECB, China and he USA at varying levels. This comes into play in my new idea here as when implemented these countries will gradually eliminate the need for banks as transaction hubs. Using crypto technology this function can be automated. this is something bitcoiners have aspired to do for a while and the enforcement of this by countries will help fast track crypto infrastructure.
These central bank cryptos will likely have a good amount of success for some time. Eventually however they are likely to run everything into a bubble and create a crisis again, due to conflicts of interest and over spending etc, Like we are seeing now and have seen before it will be bound to happen again and at this moon after next everyone will have some kind of crypto. these cryptos will be interchangeable with bitcoin, banks will be severely diminished and people will all be able to quickly switch to bitcoin. The national cryptos will be transferable and interchangeable with bitcoin because its compatible technology and it makes sense. If some nations try to black list transactions they will get serious negative feed back. At this stage bitcoin becomes the world decentralized central bank.
On the way we should look at developing decentralised local bitcoin banks and micro lending facilities. Hopefully in the next few months will be able to afford it.
