When you say “help people devalue fiat”, understand that this isn’t the intention of Bitcoin. I understand it can happen but you say it like that’s the purpose. I think it will be just fine if both type of currencies can coexist and people can choose which one they want to use other than it being a battle (which Bitcoin isn’t battling against no one).
The government understands the crypto space more than most people. They hire some of the best hands who have wide exposure and experience in the crypto space. Assuming that the government has not gotten control over the system because it is ignorant is self-deception.
Do you think it is true, that right now with the governments, banks “powers that be” in attempt to Gain control of BTC and other cryptos.
They are trying to put into regulations etc. Yet there are troubles to making the cryptos as “securities”
So the government that controls everything wants to make crypto securities but they can't because...they don't control everything.
Why do all these theories lack even one tiny bit of logic?
One of the reasons why I think the government has not achieved its aim of controlling the cryptosystem, especially in the US is that the country ha has a working democratic system. The three arms of government are independent and the checks and balance system works to some extent. There are still crypto supporters in Congress who oppose the anti-crypto law. Crypto firms can also take their grievances to court and get judgment which favours the industry.