Post
Topic
Board Nigeria (Naija)
Re: Government regulations are clogs to Bitcoin total decentralization
by
BIT-BENDER
on 08/11/2024, 17:42:13 UTC

When Donald Trump, was campaigning for the presidency, he took a friendly stance towards Bitcoin, probably to get votes, now that he has won the election, many people are hoping that the US will have favorable Bitcoin regulations. Today Bitcoin has gone beyond p2p transactions between two parties, people needs to carry out transactions through third parties like centralized exchanges, also facilitate crypto transactions through Banks. This is the major area where government interferences comes in, they want to regulate cryptocurrency transactions by all means.

Donald Trump has become the first US president to carry out a Bitcoin transaction publicly, yes they are politicians I still feel it is too early to doubt if he really has any soft spot for Bitcoin. Although when Donald Trump was elected for his first tenure he wasn't friendly with Bitcoin still Bitcoin did well during that period so with Trump or without Trump Bitcoin is here to stay.

Also aside p2p and centralised exchanges you can actually use decentralised exchange which is more anonymous than the former and has less government control.