Post
Topic
Board Economics
Re: Why Cryptocurrency threatens governments
by
Falmera
on 28/09/2018, 05:16:21 UTC
Over the years cryptocurrency  has evolved into a global currency but governments are trying to sweep it's relevancy under the carpet. We all know that the eyes of the community are now opened to the importance and blockchain technology.

What baffles me is why are the government making lives difficult by banning or limiting it's use? Is it because it threatens the political power or are they scared it will improve the global economy or force the traditional banks to reduce their ridiculous interests rate which we have been robbed of for decades now.

What is your take on this and what do you think will make governmental bodies to finally accept crypto?
I think crypto currency do not threaten the government. It is the government that fear the crypto. And why do you think it is? Well, I think because they do not really know what bitcoin is.