The money supply we have in the economy, banks increases that exponentially. They can create money easily, thanks to fractional reserve banking. The government and banks are in control of this. When they see they slowly lose control due to blockchain, they will freak out. That's the normal reaction. They cannot do anything to stop that since it's decentralized.

We have the option to choose what to use and how we will build our wealth. Now we have the traditional financial system and blockchain-based system. It is a blessing that we can do banking without banks. Thank you @taskmaster4450 for writing about this in detail.

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