I don't see why people get so excited about this nonsense? It's just standard gibberish not adding anything of value. It once again shows how easy it is to make people believe something.
Governments will use the blockchain to rebuild the entire financial system in a way that it allows them to control each and every aspect with iron fist. All financial institutions from that point will technically be redundant.
Where governments set up the rules for financial institutions externally right now, they can force it through instantly at any time with the control they will have at that point. Say goodbye to freedom.
It's no longer the bank rejecting you from their services, but the government.
I am not sure you read the report being referenced to here because if you had, you would see that its not only about government that is being discussed there. One sure thing that we cannot do without is government involvement which will come no matter how is crave for it or we detest it nothing can be done about it. However, for bitcoin to get to that point it must survive first in other to get the attention which is why this news is worth to be rejoiced over in my own two ways:
1. It shows the practical use of the blockchain beyond the theory even with real life examples of how its being experiment upon by reputable companies and there was an unequivocal statement that blockchain is secure and efficient.
2. For the fact that this news is coming from the US with the influence that the country has, is enough to be joyous about regardless of whether its going to be short lived and if promoted well, it might result in a surge. Friend let's focus on the positive.
