Post
Topic
Board Bitcoin Discussion
Re: Government acknowledging bitcoin is not always a good thing
by
madnessteat
on 23/06/2025, 10:05:27 UTC


So at the end, not all kinds of acknowledgement is good.

You just realized it now? Too late.

Moreover, this world is like that, we should not be too greedy and demand too much. We cannot ask the government to legalize bitcoin but not regulate, control or tax it. We cannot expect them to legalize it for our benefit while they will get nothing. Try to put ourselves in their shoes, would we be kind enough to do that? I bet if we were the government, we would be no different from them.

Benefits need to be shared equally between both parties. When bitcoin becomes legal, we can easily invest in it, more capital flows into the market helping the price of bitcoin reach hundreds of thousands, millions of dollars and helping us gain more profits. They create a more favorable environment for us and we need to pay for that and I think that's fair.

Anyone, regardless of their place of residence, has been able to invest in Bitcoin without the approval of any state for the past 16 years. The idea behind Bitcoin is that states cannot stop or interfere with the operation of the Bitcoin network. Personally, I do not see any positive changes in the use of Bitcoin compared to the time when many governments did not regulate the cryptocurrency sector and considered Bitcoin to be an asset that was about to lose investor interest.