You seem to say a lot of things you dont understand so I will not even try to guess your IQ.
oh sorry you really are simple, i thought you were just trolling (of course)
- ok :
Why does government need to understand Crypo?Because it will likely be the means of exchange in the future, does the "government" kind of have a grasp of fiat money? people would argue they have basic understanding, so its of a benefit for a gov to understand the basics of the money system that's why.
what good does it bring people?hard to see what you are talking about here if its government - what good does government bring people? gov serves many purposes look them up on your favorite search engine.
if its crypto you are talking about, its just simply Debt free money. that can't be controlled by a single source so it has "neutral control"
And what do banks have to do with cryptos?nothing, if you mean what you call a Bank today, a fiat Debt money institution they have nothing to do with crypto, they oppose it every way they can, they use agents they control and their influence over corrupt government to do this.
There is already tons of money transfering companies in the world and banks are not closing them down. hmm, too hard to explain, i'm too lazy.......sorry....
damn it ok
so Banks create Debt - and they use a fraud system to call that "credit creation" its
new money issued as debt , that's their whole game -
so that "money" floating around you talk about, its all Debt its all owed to someone somewhere, back at the top its a Bank.
so you see how redundant your statement becomes because a Bank's business IS "money" crypto IS Money , but not in the Banks business.
^^^ you see? - next we will use pictures.
so the "money transfer" meme you have been sold by the proponents of the walking corpse called "Bitcoin" is irrelevant - Crypto IS money.
