Post
Topic
Board Bitcoin Discussion
Re: Government vs Bitcoin
by
Asuspawer09
on 10/09/2023, 23:02:25 UTC
Governments frequently misunderstand bitcoin innovation.
This impression arises from the disproportionate bans and regulations they enact.
Although occasionally the bitcoin regulations appear unreasonable, I posit that bitcoin is not as detrimental as suggested. Please correct me if I am wrong.

I mean right now I could totally see the Bitcoin adaptation in my country it is already used a lot by a lot of companies and even allows trading this cryptocurrency in their platform which is already a big thing since there are millions of users there that are having a good chance to invest in cryptocurrency or probably just have there interest of it. There are probably some governments that misunderstand Bitcoin or don't really want or support Bitcoin but there are still a lot of countries that support cryptocurrency or blockchain development. Cryptocurrency projects are already starting to give jobs in my country so as long as the government doesnt interfere to probably not banned cryptocurrency it's probably going to be fine since cryptocurrency continues to adapt in most of the country and projects are already starting to be big, and even starting to give jobs to developers here in the Philippines.

There are probably some things that the government doesnt like about cryptocurrency since it is decentralized and they can't really put a tax on it, but it is probably indirect since they could tax the platform that is doing it if it is operating here in the Philippines. I mean it is getting a lot of money out of our economy and the government doesnt really want something that they cant really control. But still, there are some that are just neutral about it because it still has positive and negative.