Please write down your thoughts after reading the paragraphs ie. agree or disagree and why? (Min 5 sentences 150 words + )

Paul Kemp-Robertson brings us a very interesting discussion about our currency. He says that we are moving more towards cryptocurrency and bitcoins causing us to no longer need the currency we currently have as cash. I agree with him. These days, there is less and less trust in our government and banks. Lots of people believe that they are keeping secrets from us and that trusting in them is foolish. If people do not trust them, I think that it will be very hard to keep people from turning over to cyrtocurrency where the goverment does not have much power. Cryptocurrency is unregulated, there is not a government there telling you what you can and cannot do. Poeple lilke that idea. Also cryptocurrency is very secure because of blockchain, this is another reason why people will want to switch over. However, if it is ever hacked, then that could potentailly cause lots of problems and people will want to go back to the old currency ways.

I think that if many people do change over to cryptocurrency, then less and less banks will be open. There simply is no need for so many banks if most people are going to get their money digitally. However, I still think that we will need some banks. This is because there will always be people who do not change over to cryptocurrency and stay in the way things are. Also I feel that we still need banks for things like loans and when people want a safe space to store their money. I also think that the goverment will try to stop this change to cryptocurrency because then they will have less power and control over the people. Also if less people are putting money in banks, that means the less money the government will have to use on what they please. Overall, I think that cryptocurrency is a very real possiblilty for us in the future but the government will try to stop it.