Quote from: komisariatku on October 07, 2023, 01:15:49 AM

Quote from: Kara3 on September 30, 2023, 09:05:00 AM

Government and their fear for Bitcoin!

I don't agree with this. Specifically in my country, bitcoins are legal to own, hold, and trade on the bitcoin market. If our government wanted, they could ban it and there would be no bitcoin exchange. In my country there are lots of bitcoin exchange markets for IDR. Even though our country still prohibits the use of bitcoin for payments, this is not a problem because our citizens are still not ready to implement it

There is a point in what both of you said, some country government appears to fear the currency why some like yours don’t fear it but they also didn’t ban it why some have completely adopted it and started accepting it as a means of payment.

The thing there is most government don’t want to publicly accepted bitcoin as a legal tender because they are afraid of what will become of the local currency in time to come, as people might want to use only bitcoin as payment option, abandoning the local currency which can devalue that currency. So the Op is still right if he says that government fear bitcoin.