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.
Maybe it's because of the fact that bitcoin is decentralized currency and it will always be no matter what. That just simply means that they can't have any control on it no matter what. They can atleast put some tax within the transactions happening on it and regulate the use of it that it will not take over all the monetary transactions that are currently existing. Actually we cannot really be certain that it will boost the economy but if a country would legalize the use of it and promote it, maybe we can really confirm that it will be a greay help for the improvement of a country's economy.