Agreed, but if they were to do so say Japan, because of their outlook,on the positives inherent in crypto- releases J-coin or something to that liking. Such ‘coin’ would receive more ‘users’ in Japan because I’m guessing here - people will tend to trust the structure of ‘government’/safety of government. I mean more users than say bitcoin in Japan. So I guess your right that it would still have to compete with the other crypto’s.