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.
The technology is barely new, and it is already making waves globally. Once most governments understand that blockchain aims to change the monopolization that is currently plaguing majority of our monetary systems and reduce operation costs, then they will be more receptive of the technology, and this definitely will boost our economy. The transparency, security, immutability, swiftness and decentralized nature of the technology are what the world needs.