Post
Topic
Board Bitcoin Discussion
Re: Why so many Bitcoin users have fear of governments?
by
JeffreyBasil
on 26/05/2018, 21:11:58 UTC
I can't escape to notice that many users here on forum have terrible rebbelious fear of governments. Like government is some evil devil that will destroy Bitcoin and other cryptocurrencies. But is this realy so, do such claims have any reasonable ground at all?

To my opinion the cause for something like that is again ignorance. I think that regulation that is mentioned in many countries is often mixed with centralization which is something that is not natural to Bitcoin because it's functioning totaly different than fiat currencies. Also some warnings to people that Bitcoin is volatile and risky investment that come from national banks are often interpretated as hostile behaviour towards Bitcoin and attempts to make people not to use it.

Is there any hope that Bitcoin users and governments will find the common language and help Bitcoin together to be more accepted in economy, especialy by businesses and to become more "legal" everywhere?
Bitcoins users are scared that the government will put barriers ion Crypto and restrict their trading in the market. Right now, the users are facing a rapid return on their investments, for instance users of PRG, ETH, etc. Therefore, they are afraid that if governments ban crypto, they will be facing losses.