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?
They might called it regulations but to me, I think they are trying to shadow Bitcoin, what makes Bitcoin a real Bitcoin apart from the label of been security. If I remember correctly, Bitcoin as security has been thrown, only majority of alts are been considered as securities and the SEC release a list of crypto they regarded as security but Ethereum and Bitcoin weren't included in that list but the government hunt down on some crypto platforms is making Bitcoin becoming a shadow.
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?
There is no need for a soothsayer to tell if Bitcoin/blockchain tech is a success, it's has been launch since 2009 and has never for once go off, else they would have used that to ridicule it many times. However, the government is hunting down everything that is making Bitcoin decentralized, mixers are now hidding and can't work anymore, miners are been restricted and that undermine the security of Bitcoin, even the exchange both centralized and decentralized ones are not left out. This is not regulation but gradual degrading of Bitcoin from mainstream.