Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?
Will this remove their control or would it be just another payment option, like PayPal?
Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?
Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?
Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >
Let's discuss this please.
Neither of the two, because it not linked to any one. Bitcoin is on its own and not owned or controlled by anything. The price is just speculation and manipulation. If there is any country that owns it, I would have said it will be of good to their economy due to it will bring profits. But since it is not owned by anyone of them, then it doesnt have any effect on any countrys economy.