Bitcoin is an authoritarians nightmare!!!
Bitcoin is a POWERFUL tool of liberty against "socialists" and their like..
Bitcoin is about as free market as it gets.. Basically anarchism..
But with a sate run cryptocurrency, completely centralized, blockchain could be a socialists dream come true to track everyone.
But that is not bitcoin..
I wouldn't go this far in the least, and if the governments of countries wanted to kill cryptocurrencies, it wouldn't take them that much. And if you don't want to believe me, you'll probably believe the internet --
https://www.crypto51.app/It isn't much money to a rich person, and a government OBVIOUSLY could 51 percent attack bitcoin with the right equipment stockpiled and ready to move on us.
Bitcoin has made a lot of capitalists a lot of money though, as it has opened up many new investment facilitation companies (exchange) companies such as Bitfinex, Coinbase, Kraken, Gemini, etc. Other companies in the mixing space, bitcoin ATM'S , etc.
People are making a lot of money here, and the banks aren't being hurt due to it -- we'rein a bit of an independent bubble which keeps the capitalist happy and the bankers happy.