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.
I think the government is not afraid of bitcoin. But because they don't want any other currency that can change their country's economy. In fact, cryptocurrencies are a free type of money and no one can control them. So the women themselves will not benefit when their people use crypto. Because we don't have to pay taxes when dealing with the government
On the contrary, they are afraid of Bitcoin.
Because most states are integrated into capitalist economies. And the most powerful source of income of these economies banks. Bitcoin completely eliminates the functions of banks. It destroys their high commission rates, bureaucracies, exploitation of people.
Un-exploited workers mean the destruction of multi-millionaires, bureaucrats.
Bitcoin is a game changer, banks thought they were impossible to replace and they're finding out that is not the case and they are angry about it, it is obvious that when a new technology appears that is as powerful as bitcoin there are going to be winners and there are going to be losers as well and all of those people that are powerful do not really want to give that power away and they will do everything they can to resist the bitcoin revolution.