All the reserve banks already created their own cryptocurrencies. It's called the dollar and it's a stablecoin. Instead of an algorithm controlling supply like Bitcoin (probably mined for by the Chinese or whoever has a lot of excess hydropower), it's someone editing some database.
At some point, a bitcoin has to be converted back into currency. That's why it's not a solution to all the problems.
Until bitcoin becomes accepted as the standard currency.
All the reserve banks already created their own cryptocurrencies. It's called the dollar and it's a stablecoin. Instead of an algorithm controlling supply like Bitcoin (probably mined for by the Chinese or whoever has a lot of excess hydropower), it's someone editing some database.
Why?
Bitcoin is currency.
Currency that isn’t controlled by the central banks, robbed by politicians (taxes) or seized/blocked by wile banks/credit card providers
In a lot of ways broader adoption IS the solution to many of our problems
I've never seen a bitcoin option to pay at the grocery store. Or the farmers market.
They have coin backed debit cards that do the conversion automatically