What if people convince governments of their nations to make Bitcoin as a legal currency or what if we agree to give tax on our bitcoin income? Will government then make Bitcoin a legal currency.
We all know that bitcoin is a decentralised crypto currency and thus there is no such proper authentic regulating body over the bitcoin who could keep eye over all the bitcoin activities and thus there is improper high bitcoin transactions fee and moreover there is also increasing illegal use of bitcoin so in order to stop this illegal use, the global centralisation of bitcoin is very much necessary, no doubt governments will impose high taxes over the bitcoin for its transactions, for this negotiation with government can be done but its centralisation is very much necessary.