Regulations Not Working?
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?
Does this prove that the blockchain tech is a success?
That BTC could work as a money system for the people and help people to devalue FIAT currency?
Or am I wrong and the “powers that be” are winning and people will lose in the crypto world?
Your thoughts?
Bitcoin has always been a success the moment it gained value and people started choosing it for investment over several other assets that's been in existence for decades now and well recognized by the government, this includes precious stones like gold, silver and so on.
Isn't the success of bitcoin and the entire cryptocurrency ecosystem the reason why government became interested in it in the first place?.
And what I can tell us all is that, the government's quest to regulate bitcoin and crypto at large was actually a plot for them to gain control over the entire system, but right now, I think they are amazed at what they saw, they are amazed and overwhelmed at what theyve seen man is capable of building, and how helpless they are..
This is why they appear frustrated, and since they can't really do much, they've turned to lawsuits as a way to try to fight those who are helping push crypto to the masses through various means.
What I did say is that, the main battle have not actually began, we should all get set, they will fight and give up themselves, rest assured that Bitcoin have succeeded already, we are here for a really long ride.