Post
Topic
Board Bitcoin Discussion
Re: Why GOV is not supporting the CRYPTOCURRENCY LIKE OTHER NEW TECHNOLOGY???
by
boyshx
on 01/04/2018, 15:41:13 UTC
I am thinking this from long time.what is the problem with this.it has lot of benefit like instant transfer any where in the world,less transaction fee,no need to exchange,ONE CURRENCY ONE WOLD.

Then I came to conclusion that this is all because of control.If gov support the cryptocurrency then he loose the control from monetary policy.it can toppel the gov,BECAUSE money is ultimate control of the politics.


this is my opinion ,Am I right or there is any other reason??

Yes off course you are right that is what keeping the governments hand off the grid from crypto currency world. Others just ask yourself they have all the power they want and they could just implement any rules they want as long as they are valid points. So the first reason is decentralisation. Also you might think that they could just make it centralised and then run the nodes again but the thing is it will take out very basic principle from the crypto world and it wont be the same again and may not work with the same way too.

Quote
ONE CURRENCY ONE WOLD.

This is what bothering most of them as this will lead to chaos and dramatic drop in the worlds treasure. How the valuation will go if the value for every product and services, properties, assets and everything becomes the same throughout the world?