Topic: Am I right or wrong (Read 729 times)

Associating BTC with the government system will never find a breaking point for either, this kind of situation will only continue to make both of them worse, my point goes without saying that BTC intends to defeat the government system. Education like this only makes BTC continue to be talked about negatively. Stop spreading news and assumptions like this, as it will further worsen the understanding of new people.

What percentage of governments disapprove of bitcoin and how certain are they not buying it. Some countries have banned bitcoins, but have not stopped their passage either, and some countries have accepted bitcoins as a legal currency such as El Salvador and some only accept partial investments. This diversity has not found a final point, so providing excessive discussion space will not help either.

While governments can regulate existing exchange platforms in their countries and set tax standards for those exchange platforms, that is exactly what they are doing now.

The government cannot control Bitcoin but can regulate the existence of Bitcoin in their country, many countries have established Bitcoin as a commodity that can be traded on futures exchanges. The government only allows Bitcoin to be used as an investment tool that trades on futures exchanges, not as a legal tender because Fiat money is the only legal tender used in a country. The reason the government can't control Bitcoin is because the price can rise sharply and then suddenly drop, creating uncertainty.

On a first note, the government is not just an individual. It is a collection of people who run and control the affairs of a country. Perhaps persons who are in positions of government are the ones who purchase or use cryptocurrency like OP meant.
The truth is it cannot be stopped from existing, should the government even try out ways to stop its citizens from using it, it will find a way to be the solution for transactions and commerce when fiat fails or disappoints.

The government doesn't have to go to the opposite of Bitcoin, and it doesn't have to be an enemy. If you can't stop the development of Bitcoin, then you will come up with measures to regulate it. Without the ability to supervise, we can only ban it completely. The vast majority of people invest in Bitcoin, but some bad people use Bitcoin to do bad things, which increases the difficulty of the government's law enforcement. In desperation, Bitcoin can only be banned.

I don't think governments have done all they can to beat Bitcoin. While its legal status around the world is different in every jurisdiction, they are currently doing all they can to control Bitcoin at the legal level while using their corporate arms (big banks and other financial institutions) to suppress the price while simultaneously deploying hashpower to break the will of the decentralized pleb miners.

Next will come CBDC along with these "attacks" that we have seen on the power grid lately
- One in Washington: https://www.nbcnews.com/news/us-news/three-substations-attacked-washington-state-rcna63214
- another recently in Florida: https://www.newsnationnow.com/us-news/power-grid-attacks/report-shows-intrusions-at-6-power-stations-in-florida/
- Cyber attacks on the grid: https://www.wired.com/story/attacks-us-electrical-grid-security-roundup/

As the grid continues to come under these "terrorist" attacks, the government and their mainstream media arm will blame bitcoin miners for putting unnecessary and additional strain on the grid that is already under attack by causing blackouts, etc. Mining will be considered aiding these terrorist attacks or some such nonsense.

This will also come along with all of the other climate change FUD.

On a side note, the DOJ is probably already the single largest hodler of Bitcoin in the word after their recent seizures: https://www.justice.gov/usao-sdny/pr/us-attorney-announces-historic-336-billion-cryptocurrency-seizure-and-conviction

The powers that be have not yet begun to fight. They are trying to control it with their existing tools first and will slowly ramp up their efforts as needed. They will exert the minimal amount of energy to attack and control Bitcoin before they even think of actually acquiring any bitcoin.

The best thing you can do is to prepare for the future is to stack private sats, self-custody, run your own node, CoinJoin, and HODL for the very rough years to come.

Best of luck, plebs.

Who are the governments? Are they not people like us? Regulation isn't working right now as we speak and the only way the government can benefit the most out of crypto is doing something bad to bring the price down and buy a lot of it, behind the close door those governments are not 100% pure, they are investors themselves, believe it or not.

As centralised as the banks are, in my country bankers are buying Bitcoin, even when they put a ban on it and start blocking any bank accounts purchasing Bitcoin.

No government will want to take care of Satoshi instead they'll want to kill him and try to get control of the power he has now and I guess Satoshi himself anticipated all this that's why he went into hiding. Bitcoin is a threat to the fiat system as if the whole world get to understand the freedom that comes from using Bitcoin, I doubt fiat will survive another decade.

I don't think the government generally will adopt Bitcoin as a means of payment instead they'll create their own currency which they're already doing with the introduction of CBDC. Government like Nigeria has already introduced the use of Enaira which they claim is better than Bitcoin and advise their citizen to use it instead of cryptocurency, if they record a success I believe other countries will follow.

No government has seriously fought with bitcoin yet, with the exception of China. Therefore, one more possible scenario should be considered, as a ban bitcoin. This can happen gradually, significantly reducing the number of centralized exchanges on which BTC is traded and up to a complete ban in various countries.

We know that bitcoin is decentralized so the government cannot do anything with that just to regulate only like having a limitation and documentation if the person getting questions with its asset came from cryptocurrency but sooner or later some organizations and companies slowly applying this crypto as their mode of transactions merely with the payment, also with the blockchain technology it is easier to check if the transaction is already committed or not. Still, an option if they will use bitcoin as one of the modes of payment or not but I don't know yet if they need to file a paper for the SEC for adopting the use of it.

The government cannot defeat Bitcoin, some countries have issued a ban on Bitcoin being used as a means of transaction. However, the government can take advantage of Bitcoin, some countries have given permission to the exchange platform as a transaction medium for Bitcoin and other crypto assets. The government can collect taxes for every transaction, this advantage will continue to be used by governments that have not joined bitcoin or are still unsure because the presence of Bitcoin can threaten the existence of the value of fiat money.
In general, the government still cannot accept the presence of Bitcoin for various reasons, but every individual who works in the government has put some of their money in bitcoin because they really understand the benefits that Bitcoin provides.

Well, that government hasn't issued a statement that they have been buying bitcoins for some time before the public, I don't know why.
But if the government finally wants to be honest with the public that they have bought bitcoin before and are still saving it now, it will give new hope to the public that they can also start buying bitcoin like their government.
Hopefully, it's not too late to start buying bitcoin.
It is only a matter of time until we really see how bitcoin grows and we still have time to buy more before the price starts a new rally.
After the bitcoin price starts to increase, those who provide support for bitcoin will show themselves to the public to give the public confidence to support it.

Possibly but, am yet to see a government that would come out to lay claims to some hodlings except for nations that have fully legalised bitcoin for a legal tender like El-salvador and they continue to increase there crypto portfolio or hodlings up to this moment.
Hopefully, thy light be able to pull this off and continue to hodl until the bull market comes around for a boom. It would be a big boost to there economy for sure.
It would be really a wise choice for other governments of the world to take a page out of the El-salvador scheme and have some hodlings in bitcoin. It's had for them though as, the yet not believe and still seeks means to its end. We still watching how that is coming.

The government has also bought bitcoins, but secretly because some parties from the government have not agreed 100% with the existence of bitcoins.
But the governments that buy bitcoin see the power of bitcoin itself and try to follow suit before it's too late.
They are the ones who can open themselves up to new things that are happening, which can later be of benefit to the public and themselves.
It also happens with people who live in countries that haven't fully legalized bitcoin but they still buy bitcoin because bitcoin has proven that bitcoin is worth owning.

I will suggest all government should just joined Bitcoin because it's the best, and I just keep thanking God for the knowledge and wisdom that he gave to Satoshi about Bitcoin, the government have to personally take care of Satoshi because he is a king, one man's hearts changes the world i just keep imagining how life would have been without Bitcoin, because it has helped alot of people from trash to a better standard of living

So you mean that if you get in trouble with the bad guys and can't beat them, then you have to join and be like them as well?

No, some countries are banning crypto yet their people are still investing. Bitcoin is not controlled by the government, they might have some reason to regulate it but not to stop and remove the right of the people to invest. If we go along with the idea od our leaders regarding crypto, not way they can understand how it works and the benefits we get.
Those who understand will invest in crypto but those who remain close-minded, they always on the negative side.

the government will not let the banking system collapse because the government can fully control it. whereas bitcoin is not fully regulated although they intend to start to regulate it. a clear example of a rule being blinded by the government is the imposition of taxes on a centralized stock exchange which of course will increase fees for every transaction made. The crypto market also provides income to the government and it continues to do so. Regardless of the pros and cons of using crypto, the government will provide regulations according to what they want and also adjust how much public interest is in crypto.

Despite that some of them disagree, they freestyly buy it and hold it because they don't want to miss the cool gains in the crypto market. Some governments does disagree but despite the refuseness, they individually go behind back to buy and hold since the same governments doesn't legalize or ban it, the faith of the market worldwide had different speculations, buy yours and hold.

If government want still they can't because we know that in every country there are strong banking network which hold everything, so these banking mafia will not allow any country government to take step like regulating Bitcoin. Because if government regulate Bitcoin then the banking system will just like collapse and there will be no value of bank, because Bitcoin will make people independent from bank and every person will have all of Thier fund in Thier phone and they have full control on Thier funds..

Bitcoin is totally decentralized and has provisions for privacy. This means that with right usage anyone can own Bitcoin without being traced. Even the known enemies of bitcoin can also be bitcoiners, that is why I am so convinced that no government can win the war against bitcoin in as much as there won't be any central government controlling the whole world.
When one government is opposing bitcoin, the other is supporting it. When one government is banning bitcoin, the other is buying bitcoin.
Bitcoin is not only a currency, it is an epitome of freedom and weapon to fight centralization. Maybe the true usefulness of bitcoin is yet to be discovered.

This will commonly happpen if we have no option anymore, deciding which is better, taking the best decision among the worst condition. Hard enough, but sometimes, this may be a good choice for certain condition. Except that someone that are only super idealist ..

Related to Bitcoin and goverment, I think that both take second condition. I mean that taking the middle way for the good of both parties. Bitcoin is decentralized, but government is always centralized. On the other hand, I don't believe that none of the people in government are involved in the crypto world. Most countries will allow Bitcoin but also with regulatory overarching rules, including regarding exchanges.