Post
Topic
Board Bitcoin Discussion
Re: What if they tried it
by
minairia3
on 08/06/2023, 15:04:52 UTC

Only a foolish country will never do the adoption.

Well I don't know how to say this but I guess you're Invariably calling  my country foolish 🤣🤣
Please pardon my emojies but I couldn't help it since it best describe how I feel writing on this because my country  and its government has been one of the greatest fighters of cryptocurrencies  and bitcoin and mkat times it seems the government  are so scared of the youth advancement  and as such they are scared of making free any opportunities that seems to make the youths of its country independent and I believe  you already know that's a typical  foolish act.

I'm not trying  to paint my country wrong but the truth must be told with hopes of a better country but for now, my government has been strongly against cryptocurrency.

If he says countries that don't adopt bitcoin are stupid. Not only your country but almost all the countries of the world are stupid because there are very few countries that accept bitcoin as adoption, only a few accept it. China is a good example of banning bitcoin, and I don't think they are a stupid country because they are the 2nd largest economy in the world. But the government is not afraid of the advancement of technology or the youth, what they do not want is that progress is not out of their control. They always want to control everything to ensure their power is not affected or lost.

Don't know where those thinking came from since putting restrictions on bitcoin is not really a stupid idea by the government. They might be just concern about the welfare of their citizens since this is new to them.
Maybe for now they didn't see bitcoin as good alternative currency for them but once this technology evolves and to many good things happen then they see big advantage for using this for sure those country who restrict bitcoin will adopt and use it regularly.

I don't think they'll need a currency like bitcoin because they can't control it, but if they accept it in the future, it's most likely for the money. But what they are still aiming for is the huge tax they can collect from investors like us. Look at the countries that have accepted bitcoin, all of them have very high taxes, even the US had intended to impose a 30% tax on cryptocurrencies, but thankfully, that did not pass.