Post
Topic
Board Bitcoin Discussion
Merits 7 from 3 users
Re: Goodbye, privacy, goodbye, it was nice while it lasted.
by
Wind_FURY
on 04/04/2022, 11:33:23 UTC
⭐ Merited by o_e_l_e_o (4) ,pooya87 (2) ,Lucius (1)

I'm also very confident that some users would rather be "criminals" than give back some of the freedom that they have won back through Bitcoin.

These moves aren't exclusively aimed at bitcoin nor have been provoked by them. Most of this has come to pass with the growing volume of trades and transactions that are happening on smart-contract platforms and the millions being moved in NFT sales. When only Bitcoin was being used, most transactions would have been smaller P2P ones. Those on Ethereum and these other platforms with VC money are huge and have been leading to a lot of people getting scammed and losing their money, OR, in a lot of other cases people making a lot of money without having to pay taxes.

I doubt that the nation states cared till it was just people losing money to scammers. Since every kid in the basement is starting to make 1000s of dollars with NFTs and wallet farming, they don't seem to be very comfortable anymore.


I believe that's where some of us might be wrong. In believing that the government is doing this for the prevention of plebs from being scammed. No, they're doing this because MASS ADOPTION of Bitcoin could mean death to their political strongholds. They didn't understand the underlying nature of Bitcoin until it's too late. The Pandora's Box is open, the government is merely trying to close it.