Quote from: CryptopreneurBrainboss on May 22, 2024, 08:18:19 PM

Quote from: Stalker22 on May 22, 2024, 07:42:36 PM

What government exactly? Different governments got different takes on Bitcoin.

Lets not act as if the government from different parts of the world hasn't had their fair share of beef with Bitcoin and the crackdown of either Bitcoin trading/mining then the crypto industry in general, an attack on the industry could be said to be an attack on Bitcoin as they're only going through the sidelines since they can't fully achieve their desires plans on killing Bitcoin.

In 2013, China restricted financial and payment institutions' involvement with Bitcoin
Nigeria is reportedly stepping up its cryptocurrency crackdown with a proposed ban on peer-to-peer trading. Bitcoin is the most traded crypto in Nigeria so you get my point.

There are some countries that using Bitcoin is illegal and they have their punishment for defaulters while some other countries have lifted the ban still there was a time when they didn't permit the association with Bitcoin in some way (trading or mining). My point is irrespective of how some government are trying to fight the adoption of Bitcoin, a time will come when they would have no choice but to accept it as some other countries are doing currently. Nigeria is one example and the country is not only fighting the trading of Bitcoin but crypto in general with the restrictions place on crypto trading exchanges (delisting local currency from their platforms). I know they aren't technically fighting Bitcoin but they're pushing the awareness and adoption of Bitcoin backwards with their restrictions.

Well, there was definitely been some governments giving Bitcoin the side-eye or outright getting hostile and China with those tight restrictions comes to mind. Cant deny that. But we gotta look at the full picture here. For every one government getting their heckles up over crypto, there is another one rolling out the red carpet. Or like in the EU and the U.S. They seem more interested in slapping some regulations on rather than outright bans.

Its a lot like how the early internet faced pushback too before becoming just another part of everyday life. There is still some hurdles for Bitcoin, but the momentum is real. So Im not sweating it too much. Governments can only resist new tech kicking down their door for so long. World is changing, Bitcoin and crypto are gonna be part of that change whether the powers that be like it or not and it is what it is.