Post
Topic
Board Bitcoin Discussion
Re: Government vs Bitcoin
by
philipma1957
on 10/09/2023, 15:29:05 UTC
Governments frequently misunderstand bitcoin innovation.
Governments are least interested in innovation. These are not research organizations that want to make the world a better place. They have their own goals, such as profit and control.

This impression arises from the disproportionate bans and regulations they enact.
This is all introduced precisely for the reason of control (totally manage everything) and benefit (receive a portion of the profit in the form of taxes).

Although occasionally the bitcoin regulations appear unreasonable, I posit that bitcoin is not as detrimental as suggested. Please correct me if I am wrong.
Harmful to whom? Extremely harmful to any established system (any country with its own financial and regulatory system in the form of a government) due to financial freedom and the inability to control. It is useful for people, because it allows them to get rid of this oppression.

So is bitcoin good or bad? Depends on which side of the barricade you are on: the side of governments or the people.

Well ideally self governing people would be best, but once a group of people gets big government and organizations get involved.

I would prefer to have less government, but you need far more space for people then the world has.

Bitcoin at best offers a way to flee from government a to government b which may simply be out of the frying pan into the fire concept.