I still do not understand the current obsession with regulating Bitcoin. They claim it's to help put an end to online money laundering and other cyber crimes but why aren't they equally obsessed about Fiat?
What if there are hidden agendas, like phasing out paper currencies, forcefully uniting all countries and handover control to more evil entity?
I have some paper money on me that I can EASILY use to buy some harmful drugs and weapons yet no Northkorea-like government is monitoring how I spend this money. A responsible government would rather be where the stuff are purchased and help solving crimes. Trying hard to Police everything (without caring a bit about the word "privacy") is a sign of desperation & tyranny.
I learned they are working hard to phase out cash for their cashless agenda. I bet over 70% of World governments will adopt the cashless thing too.
I have never used a Debit card online not that I don't understand it .. it instead doesn't feel safe to me. My adoption of online currency started when I discovered Bitcoin. Bitcoin/Blockchain is the only thing that makes sense & feels natural to me. Wonder why they are now trying hard to rewrite Bitcoin with some rogue codes.
I clearly understand your position but the way it is there is hardly anything anyone can do about it simply because of the fact the government have control over everything and the best way out is just to either conform and find a way to do your thing below the radar or just don't do it at all. If you have cash to buy things, what if you get sick and need to go to the hospital, will you also avoid that? Government all over the world has been trying endlessly to turn people to dummies all in the name of protecting us from ourselves and that's where I see bitcoin coming as a threat which they wont give up easily on.
Great logic given though! I agree with you pal. Governments all over the world are trying to rule their public as robots. They want us to be their puppets. In this situation, bitcoins are posing threat to their tyranny because of its decentralized nature.