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.....
This is due to the principle with which these two parties(Bitcoin and the goverment) operate. The monetary institutions operate on a centralized mode whereas Bitcoin operates on a decentralized mode and these to modes oppose each other in the forms and features. Governments wish to own absolute control over the transaction of all monetary affairs but Bitcoin does not allow that.