Originally Posted by
Organ Morgan.
The theory that has been expounded in the 'conspiracy' world for the past several years is that the rise of crypto currencies were engineered from on high to condition people to the notion of purely digital money (i.e. no physical notes or coins), and that the decentralised and store of wealth angle was pushed to attract those who wanted to escape the clutches of banksters and their production of unlimited fiat scheme... then, at an appointed pre-planned juncture take a wrecking ball to Bitcoin (and its circa 1,500 derivatives). The powers that be then come along to say that's what happens in an unregulated, wild West financial environment that has no government regulation, but blockchain is wonderful technology - here's our CryptoPound, CryptoEuro, etc, that you can have confidence in.
Of course the vast majority of pounds, euros and every other global currency used today are already digital as they exist only as numbers on computer systems. Currently we can convert them to notes and coins on demand which afford a high degree of anonymity that's outside of their control and tax-grabbing reach. A cashless world is a banksters and their puppet politicians wet dream which they're intent upon making reality.