Yesterday I red article regarding digital currency. The article aim to discourage us in using digital currency as these currency is not recognize by our country monetary institution. What do you think is the reason why other governments are discouraging its citizen to use digital currency? Any thoughts.....
Government is actually the relation between the one who is being governed and the governing body, so this is a mater of power and control. Since, one of the primary property of bitcoin is being decentralized and unanimous, perhaps they are afraid that if this technology progress, it would take away their complete control to their economic and financial system. I guess, if they will study the technology, they will find out that bitcoin is not a threat to economic progress.