Quote from: alastantiger on January 15, 2023, 07:03:15 PM

When will they learn that bitcoin may be helpful? What are they waiting for?

I believe government are already aware of the benefits of Bitcoin but they are hesitant because they are not ready to cede to decentralized currency like Bitcoin because at the current system the government and central bank has the power to control the money supply and interest which they think is the key factor in managing the economy. shifting to decentralized currency like Bitcoin will likely take those power away.

But as Bitcoin and other cryptocurrencies become more widely use it is possible that the government will consider or will be more open to allowing them to co-exist with traditional fiat currency.

Quote from: noorman0 on Today at 01:10:42 PM

Quote from: alastantiger on January 15, 2023, 07:03:15 PM

When will they learn that bitcoin may be helpful? What are they waiting for?

neither bitcoin nor CBDC are simply payment alternatives to currencies. After all, hasn't bitcoin been coexisting with fiat all along? And what changes did you see? Increasing the individual's standard of living is not a significant change in this realm. The changes the government hopes for should reach the entire population.
In fact anyone can use bitcoin for something "freely" (decentralized) without waiting for government approval if they think it will solve a financial problem.

Not all countries are welcoming Bitcoin and other cryptocurrency others are even planning to ban them because it disrupts their traditional finance system and make people ignore their released CBDC. Just like in the case of India where the Reserve Bank of India Governor Calls for an Outright Crypto Ban