Quote from: Abiky on Today at 03:38:19 PM

Quote from: KovaBTC on March 11, 2025, 08:40:52 AM

I can see things getting messy if countries start using bitcoin to dodge sanctions or shake up the money game. Some leaders might freak out and try to block it to keep their grip but others might jump on it to get ahead.

I don't think so. Especially when no one controls Bitcoin. Governments can only block or censor centralized exchanges. P2P transfers and/or trades are impervious from sanctions. All thanks to Bitcoin's decentralized design. I'm pretty sure Russia used BTC to circumvent sanctions since 2022. With its recent announcement of legalizing Bitcoin mining, you can see where this is heading to.

Would you imagine most of the world's countries switching to Bitcoin? That would mark the end of the corrupt Fiat money system. This sounds crazy, but not impossible. I know Fiat gives governments more control/power. But if people lose trust in it, what use will that be? With Bitcoin, everybody wins. Hopefully, it doesn't get compromised in the long run.

Or they just may use it to cash out back to their good ol' fiat bags in the end.
Wink