So a fully decentralised cryptocurrency is probably the best form of money ever invented, instantly transferable, extremely divilable, highly fungable and secure. However all you have to do is replace decentralised with centralised and what we though was the best form of money ever invented is now an instrument we would have took to the street to ban had they been introduced by central banks. I can see a point where governments realise that with a little tweak here or there and they have the ultimate controllable currency, something they could only have dreamed of having
Bitcoin is not a Trojan horse for fiat currency. Rather it gives an option for the citizens as another form of payment method online. Though bitcoin is a valuable currency online but it cannot replace fiat currency. But for a country that is suffering from monetary devaluation then bitcoin is a good way to protect your wealth. Bitcoin must not be seen as a destroyer of fiat currency but rather a support currency that people can use.