Quote from: peter0425 on Today at 12:20:15 PM

Quote from: WatChe on June 23, 2025, 02:10:22 PM

Quote from: peter0425 on June 16, 2025, 04:25:00 AM

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

If we look at original idea proposed by Satoshi which is P2P electronic cash transfer, the idea eliminates the need of middle men (i.e. the banks) to transfer funds between two entities. The government legislation's are putting the middle men back in place and that destroys the idea proposed by Satoshi. The government approved cryptos are CBDC, which they can control.

We need to understand that decentralised Bitcoin has it's own use cases and is not designed for governments to use as central currency.

I do not think the initial plan was to make bitcoin replace fiat currency. It is not just possible since fiat currencies are always controlled depending on the needs of a particular country's economy. A lot of people have liked bitcoin so much to the point that they are wanting to make bitcoin the only currency and replace fiat but this would not be possible. Fiat will always exist and bitcoin can co-exist with it offering an alternative way of transacting with others.

The real objective of BTC is to make it as an asset for p2p transaction and right now, it’s playing the role of being a global asset.You don’t need tonreplace something if you want to lead, it’s enough to have a massive adaptation that will make BTC show its greatest potential. Both are different things and have different purposes, our main objective is to make it the leading, no one needs to be stepped by BTC.