Post
Topic
Board Economics
Re: Government & Bitcoin
by
nerFohanzo
on 08/05/2015, 18:04:52 UTC
Whenever you see the government and official institutions showing interest about Bitcoin is because they want to rip it off and use features of it for their own evil intentions. They for example want to take the blockchain and adapt it to the fiat scam, which would basically be a big catastrophe. Don't fall for their traps.
But theres some government officials that have good intention to bitcoin. Maybe they want to merge or to adapt to fiat money so that the people will have a unity. Dont think a negative to the government officials they vote us because we believing them that they are good person and have a good intention to the people.

Is that really how you see the government?  Benevolent public servants that care so deeply about the interests of its citizen that their own personal interests and career come second?  That is how it should be in an ideal world, but that is definitely not the way it is working today.

Think of teachers, whose top priority should be educating kids right?  Even in a slow economy, when they don't get the union negotiated raise they are looking for, they don't hesitate to go on strike and hold a sign instead of teaching the kids they are supposed to care about.  Not trying to talk badly about teachers in particular, but I think it's pretty naive to think that a public servant is here to serve the public.  A public servant is here to keep a job and make a living.  Serving you is priority #2.

Bitcoin goes against the foundation of many economies, that are currently maintained with monetary expansion, so it wouldn't make sense for the government to welcome bitcoin.

Yeah that's true. Can't afford to trust the Government in my country. Government of countries are against the adoption of bitcoin as a currency as they view it as a threat for fiat money. And they surely know that if accept bitcoin today as a currency it will take over fiat money.

Same is the situation in my country. I Don't understand why we vote such corrupt and criminal politicians who are just busy in improving their living of standard and their personal benefits comes first and after that if they have spare time they will think of country and society.