Post
Topic
Board Bitcoin Discussion
Re: 77% of Russian investors prefer Bitcoin to Gold and Forex
by
Coyster
on 05/09/2021, 11:30:20 UTC
it surprised me and I feel bad when I hear some countries are yet to support the move for btc adoption, why?... Is it under-development or lack of civilization...
To be honest, I'm not surprised that many countries, like Russia for example are yet to endorse Bitcoin, and the reason is basically obvious, the government do not want people to control their funds or be free from their fiat manipulations, we're all aware that in the Bitcoin network the user is his or her own bank and the responsibility of funds is on the user, not on the bank, government or any third party service (though people make mistake to store their funds on exchanges), thus there is no way the government would be happy with the Bitcoin network that reduces their level of control, it's definitely not underdevelopment or lack of civilization cause many of this countries hostile to Bitcoin are all first world countries, you must understand that only a good government would be happy with a decentralized financial network, and it's difficult to find that government in society today.