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
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
The government has always been against Bitcoin because of its decentralized and censorship-resistant design. If they can't control it, they will try to ban it. Or at least, they will regulate it "down to the bone". I wouldn't say "the masses will rise up against them", especially when many people don't even know what Bitcoin is (or haven't even used it before). The world is still dominated by Fiat currencies (particularly the USD) whenever you like it or not.
Considering that Bitcoin has volatile market prices (aside from the fact that transaction capacity is limited), don't expect it to replace Fiat anytime soon. Despite the fact that BTC cannot be taken down, I'd say governments have already won by limiting BTC's ability to take over the existing monetary system with fierce regulatory pressure. The only way BTC will win is if people begin to lose trust in Fiat currencies. Once governments and central banks lose credibility, Bitcoin will be able to "rule the world". Who knows what the future holds for the cryptocurrency?
