Post
Topic
Board Economics
Re: Why Cryptocurrency threatens governments
by
stayeduptolate
on 16/11/2018, 18:55:09 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?
Well the crypto system of payments takes the control of money from government that is centralized to the people which is decentralized economy, simply supply and demand and as crypto are rare in supply then it means that their price will keep on increasing in the future and also the fiat currencies are going down in value yearly due to inflation whereas in Crypto or lets say bitcoin the value increases each year as the amount of bitcoins minted every 4 years decreases to half so this makes the price go up.