Quote from: worldtraveller321 on May 05, 2024, 10:17:26 AM

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”
With all the lawsuits “they “ try to put onto the crypto companies. Has not worked in the “favour” of the powers that be?
Is this true?

I won't say that it's right or wrong but I wanted to share my thoughts on it.
The government is in power because they are the party who runs the country with rules as a supporting force in regulating all aspects.
I'm trying to interpret that the legal requirements you are referring to are about loopholes that are used for actions such as money laundering.

Because Bitcoin runs on its own rules with the intention of not harming the government, for me whatever rules they make will not make Bitcoin controlled. Regarding their success in taking advantage of crypto institutions and controlling crypto with their power, I think the fiat currency system should not be involved with Bitcoin which has its own system that does not take care of the fiat bank system.

Quote from: worldtraveller321 on May 05, 2024, 10:17:26 AM

That BTC could work as a money system for the people and help people to devalue FIAT currency?

It is not the purpose of Bitcoin as an electronic payment system from one party to another without going through a financial institution. Read whitepaper.