Post
Topic
Board Bitcoin Discussion
Re: What if governments make Bitcoin centralized?
by
dark1234
on 10/12/2021, 21:41:28 UTC
I think that this is far from it. But I see that Bitcoin is already a very effective tool for influencing
This is definitely far from reality. Why would a government end up centralizing bitcoin? Knowing bitcoin is decentralized, so it can never be fully controlled by the government or any group or entity. But once its centralized, the government will all have the access on it. But take an example from China, they have created digital yuan which is definitely centralized in the first place, so they started banning bitcoin so that its citizens will stop using it and focus on their own digital currency. Maybe that will also be the case of other countries' government and they would not waste time on adopting bitcoin anymore.
agree with you....
it is impossible for a country to centralize bitcoin and this will require large funds that will waste state money because bitcoin grows and is already in the hands of the world community which is very likely to issue crypto / digital money the country itself