Re: Are we doing the right thing to convince government to legalize bitcoin
One of the reasons governments point out for not legalizing bitcoin is the fact that is prone to scam and not regulated.
Partially true, but criminal don't have to use bitcoin (or any cryptocurrency) to scam other people. Not regulated isn't strong reason either since few countries such as Japan already make proper regulation for Cryptocurrency usage.
The government will want to protect his citizens from anything not regulated and anything that's likely to be defraud from.
Not regulated doesn't mean it's something bad, evil or dangerous. Government at least should conduct proper research before blaming Bitcoin while the criminal is the root of problem.
You will agree with me that that's alot of scam activities going on with bitcoin, there alot of news going on with bitcoin scams everyday which the authorities are always aware of.
"a lot" is vague estimation, but there are more scam activity/attempt which involved fiat as well and there are many news about people lost their money(fiat) because they're scammed. Scam involving bitcoin is more popular on news since Bitcoin is trending topic, but people don't really know about it.
All these continue to happens, the government will still have reasons why they will not approve and legalize bitcoin. As they will always talk about the disadvantages aspect of cryptocurrency and neglect the greater benefits cryptocurrency brings.
They always do that, even though they have different reason
