Quote from: Emejefrank on February 28, 2025, 08:59:13 PM

Bitcoins operate off central Banks meaning the government can not control its supply or influence its value like they do with fiat currencies. This threatens their ability to manage national income. Also since Bitcoin can be pseudonymous, the government worries that people may use it to evade taxes, launder money,Or finance illegal activities.

Why are some embracing it while others seek to regulate or restrict Bitcoin??

The main reason here is because they can’t control bitcoin; that is why they don’t want to accept it. Any other thing you mention here can also happen using fiat currency currently without the government knowing about it. Criminal acts and financial illegal activities are all still happening till now even when bitcoin exists, and I believe many of these things are not even going on through the use of bitcoin; they use their fiat currency to take these activities out. So the only reason why bitcoin is still not yet accepted by the government is because they can’t control it.

Quote from: Maslate on Today at 03:50:00 PM

Meanwhile, bitcoin has no future plans to attack the government nor its fiat system. It’s just that, the people need some options badly apart from fiat, that’s why bitcoin is here to serve its real purpose which is to give freedom for the people to be with their own bank.

Sure. That is what the government is still not understanding, although due to the high adoption that Bitcoin has gained, I think that is why they think Bitcoin will replace their fiat; if not, I feel like it won’t be possible. Normally we all know Bitcoin was created to be an alternative currency for buying and selling goods.