Why aren't the governments of the world seeing the greater money problem that bitcoin, and not even their CBDC, can solve?
Governments dont want every problem to be solved. Unless you have a problem you cannot get votes to run an election. Get my point?Quote
Can they at least think about allowing bitcoin to coexist with their money? I'm not asking them to abandon their fiat.
Bitcoin is already coexisting with fiat. CBDC is how they think fiat could be digitalized into a crypto-like thing and make the population accept that and move the bitcoin users to CBDC.Quote
Can they stop hindering Bitcoin's development and begin exploring its possibilities? It hurts that they are aware of the potential of bitcoin and have decided to ignore it. The issue of inflation, which destabilizes the world, can be resolved by Bitcoin. Additional money can be printed, but more bitcoins cannot be created. Inflation occurs when there is more money in circulation than is required. This can never happen with bitcoin.
But a deflationary economy is difficult to maintain. In reality we do not want that and the current way of how fiat and bitcoin coexist is adequate in my opinion. The problem is bringing in CBDC, which we have to observe how they work. Beyond that I feel the next big thing that we should focus on is the acceptance of bitcoin in bigger eCommerce merchants - to force governments to allow bitcoin trading.I have a gut feeling that once CBDCs get introduced, eCommerce giants will pop in as that being the mode of transaction using bitcoin and the CBDC as intermediary.
