Government and their fear for Bitcoin!
Bitcoin as a decentralized digital currency that operate without a financial system or without being controlled by the government is really creating panick and fear in most government officials.
The government just want to be in charge of everything, from monitoring your transaction to knowing how much people are worth financially, but Bitcoin is becoming too powerful for them too handle, which to me is understandable, but to them it's a ugly reality.
Financial power and control is returning back to the people, which is a welcome development.
The sweet reality is that Bitcoin is here too stay, if they ban Bitcoin the mass will rise up against them, so they are just looking for a way to contain the influence of Bitcoin and discredit it.
To me Bitcoin is one of the best thing that has ever happened to finance because everyone loves privacy.
One thing I love about Bitcoin is that when the haters voice grows louder and the value drop base on their policies, just to attack it, Bitcoin still fight it way back up,
Please the government need to know this, they have already lost.
All the bitcoineers cheers
Ordinarily government's across the world would want to control the financial activities of their people, or try to monitor the financial life of her people, bitcoin doesn't give room for that because of it's decentralized nature. But that doesn't mean the government are in panic mood or afraid of bitcoin. The activities of bitcoin is legal in most countries, and its not as if bitcoin and the government are in loggerhead with each other.
I know that there are countries with restrictions of bitcoin, most of those decisions taken by such government are done because of their ignorance about what bitcoin is all about, i feel they are not well literate about bitcoin and the government need to be enlightened, so they could see bitcoin from a brighter part, with consistency and patience, those restrictions will be relaxed in the nearest future.