Why blockchain/cryptocurrency is not favored by any ruling body of a country and the bankers behind it    

1. lost of revenue  
   • government's currency will diminish in value over cryptocurrency, bonds will follow suit 
   • cannot be taxed since it cant be tied up to the owner 
2. unregulated and anonymous transactions  
   • undermine their power over citizens 
   • money laundering, fraudulent activity, and corruption 
3. website on blockchain  
   • they can no longer censor anything 
4. voting on blockchain  
   • no longer have ability to maintain votes since they cant possibly cheat the system 
5. smart contracts replacing tax budget system  
   • citizens can even decide what public facility to build or improve based on majority vote 

   In the end citizens will govern themselves through voting nodes appointed by the blockchain. Imagine millions of citizens verified with facial recognition voting for a resolution to be passed into law. Federal banks will be obsolete since money doesnt go through them anymore. Money will be controlled by the citizens. Military contracts will also be decided by citizens. A truly democratic country.  
   The same can be said for banks. They have first hand knowledge of anything in the financial ecosystem because everything used go through them just like how google utilize their search engine. Now cryptocurrency completely bypass banks and smart contracts are introduced. Anyone of us can own shares of good potential startups and not just anyone favored by the banks like how it is now. 

What can they do to eliminate this problem which is blockchain/cryptocurrency:  
   

We all know what large institution can do to a market. One example is how Soros short currency in south east asia in 1997 causing an economic problem in the region for many years. He didnt do it alone of course. Probably the biggest institution in the world with a lot "influence" is nonetheless the proud Unite States of America. Which in some part, probably not as a whole is definitely "influenced" by bankers. US government has trillions of USD in reserve.  In theory they or their associates could easily pump and dump any market. But in large scale a dump could cause of panic. Why? Because this very same group of people also control the media. And we all heard of bankers calling that bitcoin bubble is gonna burst soon. These proud people  will just do about anything to prove themselves right.  So yeah they can actually destroy just about any cryptocurrency. The combine total of cryptocurrencies is only 700 billion worth at this time of writing.

How can they do this elaborate market manipulation quietly you say? They could buy at small increments which in investors term is called dollar cost averaging. When the time is right for bearish market, dump the whole thing. And you will sigh, bitcoin is too good to be true anyways, it has no intrinsic value and we will forget about it forever.   

Cryptocurrency in its infancy is still very fragile to manipulations. Lets hope that we can understand the value of blockchain and try to avoid panic when crypto market turn bearish. It will happen and it is part of a healthy market. If cryptocurrency remains valuable, blockchain will continue to be the hope of future generations to achieve a completely equal rights and equal oppurtunity in this world.