Quote from: Zoomic on September 04, 2023, 09:47:01 PM

Quote from: F2GIRL on September 04, 2023, 06:47:02 PM

Governments frequently misunderstand bitcoin innovation.

The government understands bitcoin more than you do. They have also known the potentials of bitcoin. They have known how fast bitcoin will grow if given free hands. They also know that their strongest weapon (centralization) is threatened by the existence of bitcoin. This is the main reason the government does not give bitcoin free hands to operate since they are unable to control it.

If the government has not found a proven and a reliable way to monitor and tax everyone using bitcoin, they can not be at peace with bitcoin.

I highly agree that the government is well-informed about Bitcoin, it is that their announcement is not fueled by honesty but by political sense, so we might find the majority of announcement or statement of the government institution somehow vague and assumptions making their citizen cautious since they don't have any access or control over the Bitcoin network while they are plannng and preparing regulation on the Bitcoin engagement.