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.
It will be a good boost for the entire crypto market if the governments give in to the petitions of Bitcoins. I don't think the exact problem is coming from tax isuses, terrorism funding or money laundering activities. The truth is, the governments do not support the decentralization because it takes them out of the financial transaction process. The governments are scared to lose this kind of power to the people.