Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?
Will this remove their control or would it be just another payment option, like PayPal?
Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?
Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?
Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >
Let's discuss this please.
I would say that it can both be an instrument to either break or build a country's economy. I say that because if many of the investors, including corporations and business entities themselves would invest but would not succeed, many of the economy-building and profit-providing factors would lose it's capacity and that can affect the country as a whole. However, if many of the cryptocurrency investors would make it big and be successful, it can help the country by adding revenue, and therefore taxes directly or indirectly, which could be a building factor.