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Topic: Bitcoin vs the government (Read 1124 times)

legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
October 29, 2023, 05:37:31 AM
Honestly, I wouldn't be surprised if one day governments, billionaires, and banks claim to hold a lot of bitcoin. They constantly talk bad about bitcoin because they are just trying to stop people from fighting over bitcoin with them, not because they actually hate it. Like I said, no one just hates money.

Yes, we should ignore what they say and focus on accumulating bitcoins for the future. Let's use our minds to look at things, don't just listen to what others say, especially politicians and rich people.

Of course. These powerful entities don't want the public to benefit from Bitcoin. Otherwise, they would lose power/control over our society. What I've noticed is that some governments and large investment companies (Blackrock, Microstrategy, etc) are buying and accumulating a large portion of BTC's supply. That's dangerous because they can get to dictate the rules of the game (even though only miners can participate in the network's consensus). Would you imagine the wealthy holding 90% of BTC's supply? It would make the system unequal.

Unfortunately, there's nothing we can do about it. Developers might try to introduce a hard fork to remediate the issue, but I doubt miners will approve it. At least, we'll get to enjoy Bitcoin while it lasts. Who knows what will be the future of this nascent financial system (BTC)? Just my thoughts Grin
sr. member
Activity: 588
Merit: 253
October 27, 2023, 09:56:31 AM
Government and their fear for Bitcoin!

Bitcoin as a decentralized digital currency that operate without a financial system or without being controlled by the government is really creating panick and fear in most government officials.

The government just want to be in charge of everything, from monitoring your transaction to knowing how much people are worth financially, but Bitcoin is becoming too powerful for them too handle, which to me is understandable, but to them it's a ugly reality.

Financial power and control is returning back to the people, which is a welcome development.

The sweet reality is that Bitcoin is here too stay, if they ban Bitcoin the mass will rise up against them, so they are just looking for a way to contain the influence of Bitcoin and discredit it.
 To me Bitcoin is one of the best thing that has ever happened to finance because everyone loves privacy.

One thing I love about Bitcoin is that when the haters voice grows louder and the value drop base on their policies, just to attack it, Bitcoin still fight it way back up,

Please the government need to know this, they have already lost.
All the bitcoineers cheers

I don't think any country has a government against Bitcoin. Because I have proven by my own country that Bitcoin is illegal in my country yet we are secretly using Bitcoin. But the government of my country is not putting any pressure because Bitcoin is a decentralized currency that is equal to everyone. So I don't think the government will put pressure on the people of the country but bitcoin is spread all over the world if there is movement then definitely in terms of it. Public confidence in Bitcoin is gradually increasing, of course we are stable on more Bitcoins later.



If your government is not against bitcoin, why don't they legalize it and make it illegal? They are not suppressing investors in your country because they haven't found a solution yet or they are drafting regulations for bitcoin. My country also doesn't have a bitcoin ban but they don't legalize it either, we are free to use it. But as far as I know, they are in the process of finalizing cryptocurrency regulations and will tax everyone involved with cryptocurrency. Just because they haven't taken action yet doesn't mean they will ignore us.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
October 27, 2023, 09:54:25 AM
I think slots can attract anyone easily because this game is also the most played today, but people have different principles, some really want to play gambling, some play just for entertainment. But most people playing gambling consider it as the main income in their daily lives, of course this is wrong, because things like this will ruin their lives in the future, unlike people who play just for entertainment.

Even beginners will regret it if the first game loses, and return to play with the ambition to return the defeat and continue like that, this is where the addiction to playing slots begins, people who cannot control themselves will be worse than people who can control themselves by playing just for entertainment. There are indeed or many people who are successful because of slot gambling, I just think that they win because they are lucky, and the luck they get is not small so they can be rich or successful because of luck. So in my opinion slot gambling is just about luck there are no tricks or patterns to get big wins that can change someone's life.
Yeah slot games is one of the most popularly played games by both beginners and expert since slot games doesn't require much skill to play them and with a level of luck you can sure easily win in slot games,  but just as you have said,  everyone have their own preference for games that they play mostly essentially while gambling,  slot have been one of the oldest but lately,  there have been some latest games development that seems to give more excitement than slot and still require less or no skills to play the such as dice,  balackjack spins and the rest of he new games that give so much winning at some point and requires just minimal input from the player.

Winning such games will require the player to build up some level of consistency and not giving up even though their first attempt may result into loses it still will be preferable not to go in all too much just to chase it,  give time and try recover from the lost gradually without trying to rush things.

With educational slots , we should take Advantage of this boom to Provide a type of general information on the part of those who hope they want to make it clear, to say what are the possible things they can achieve, to explain that with little money a lot can be done. money and that based on this the companies are encouraged to play, but taking into consideration that when things are like this in casino games you can lose a lot of money, that you have to know how to control yourself, that you take into consideration that before playing you must establish the budget is willing to lose, and I don't say lose because I want to, but because it is only more logical and not to get ideas about what you are going to win, because you have to always recommend doing the best , and taking into consideration the RTP, the advantage of the house , the complexity of the game and everything that has to do with this, at what time it is ideal to accept and when it is not, what to do when there is a bad streak, how to bet for it to go better, all these types of things are those that should be taken advantage of so that people or novices can learn.

There is a particular casino that always cares about doing things well, and that is bitcasino.io. On the blog, Karl always cares about the education of his clients and his players. He publishes excellent articles that are very active and in-depth for that the understanding is quite good, because in one of the articles that I like to read they talk about slots, they do a great focus on how they can play, what are the types of slots, and why is it so popular, well it is a lot of information and educational style, it is very interesting, I invite you to see it, I also cannot leave behind stake, which has its own forum where they basically talk about all the games , slots and everything, where experiences are shared and where there are very active players who can make a difference when they give their advice and everything can go in that moment, it is very interesting what this thread can do.
legendary
Activity: 1974
Merit: 1108
Free Free Palestine
October 27, 2023, 09:35:11 AM
That's why I often tell people, don't listen to what politicians, billionaires, and bankers say but look at what they are doing. Frankly speaking, no one wants to share wealth with others, especially billionaires and rich people, they never want poorer people than them to become rich like them. Therefore, they will find ways to prevent others from becoming rich. I also believe that the people who slander bitcoin the most are the people who are secretly buying the most bitcoin, and they are trying to slander bitcoin in the media just because they don't want to share bitcoin with others.

As it's always said in the real world, "the rich get richer, while the poor get poorer". We live in an unequal society where the "elite" get to dictate the rules of our society. These people often tell lies for their own benefit. Otherwise, everyone would have the same social standing. Governments are smart because they secretly buy and accumulate Bitcoin, while giving the public a bad perception about it. The same can be said about rich people like Donald Trump (it was discovered he had a wallet with ETH in it) and Elon Musk (often criticizes Bitcoin's "high energy consumption" but still owns a considerable amount of the cryptocurrency).

You should not make your decisions based on someone else's opinion. Instead, do your own research to help determine what's best for you. One way or another, the world will embrace Bitcoin as an alternative to Fiat. The question is, have you accumulated enough BTC to prepare yourself for the future? Just my thoughts Grin

Honestly, I wouldn't be surprised if one day governments, billionaires, and banks claim to hold a lot of bitcoin. They constantly talk bad about bitcoin because they are just trying to stop people from fighting over bitcoin with them, not because they actually hate it. Like I said, no one just hates money.

Yes, we should ignore what they say and focus on accumulating bitcoins for the future. Let's use our minds to look at things, don't just listen to what others say, especially politicians and rich people.
hero member
Activity: 1316
Merit: 561
Leading Crypto Sports Betting & Casino Platform
October 27, 2023, 06:14:05 AM
That's why I often tell people, don't listen to what politicians, billionaires, and bankers say but look at what they are doing. Frankly speaking, no one wants to share wealth with others, especially billionaires and rich people, they never want poorer people than them to become rich like them. Therefore, they will find ways to prevent others from becoming rich. I also believe that the people who slander bitcoin the most are the people who are secretly buying the most bitcoin, and they are trying to slander bitcoin in the media just because they don't want to share bitcoin with others.

As it's always said in the real world, "the rich get richer, while the poor get poorer". We live in an unequal society where the "elite" get to dictate the rules of our society. These people often tell lies for their own benefit. Otherwise, everyone would have the same social standing. Governments are smart because they secretly buy and accumulate Bitcoin, while giving the public a bad perception about it. The same can be said about rich people like Donald Trump (it was discovered he had a wallet with ETH in it) and Elon Musk (often criticizes Bitcoin's "high energy consumption" but still owns a considerable amount of the cryptocurrency).

You should not make your decisions based on someone else's opinion. Instead, do your own research to help determine what's best for you. One way or another, the world will embrace Bitcoin as an alternative to Fiat. The question is, have you accumulated enough BTC to prepare yourself for the future? Just my thoughts Grin
Society has, in fact, made up a story that serves the needs of those at the top. People with money and power often change the story to keep their place. Theres a clear story here, right? The strong quietly buy Bitcoin while working to make people not trust it. People like Trump and Musk have the nerve to publicly criticize or play down Bitcoin while also investing in the crypto world. This contrast is not a mistake; it is part of a plan.

You're exactly right: mindlessly following the elite's words and actions is a trap. When making personal choices, especially about assets like Bitcoin, people should do their own study and learn as much as they can. Decentralized banking is the way of the future. The real challenge is getting ready for this coming change, even though the world is slowly starting to see Bitcoin's potential. Will we stay like slaves or will we break free and decide our own future?
sr. member
Activity: 784
Merit: 372
October 26, 2023, 10:55:28 PM
Government and their fear for Bitcoin!

Bitcoin as a decentralized digital currency that operate without a financial system or without being controlled by the government is really creating panick and fear in most government officials.

The government just want to be in charge of everything, from monitoring your transaction to knowing how much people are worth financially, but Bitcoin is becoming too powerful for them too handle, which to me is understandable, but to them it's a ugly reality.

Financial power and control is returning back to the people, which is a welcome development.

The sweet reality is that Bitcoin is here too stay, if they ban Bitcoin the mass will rise up against them, so they are just looking for a way to contain the influence of Bitcoin and discredit it.
 To me Bitcoin is one of the best thing that has ever happened to finance because everyone loves privacy.

One thing I love about Bitcoin is that when the haters voice grows louder and the value drop base on their policies, just to attack it, Bitcoin still fight it way back up,

Please the government need to know this, they have already lost.
All the bitcoineers cheers

I don't think any country has a government against Bitcoin. Because I have proven by my own country that Bitcoin is illegal in my country yet we are secretly using Bitcoin. But the government of my country is not putting any pressure because Bitcoin is a decentralized currency that is equal to everyone. So I don't think the government will put pressure on the people of the country but bitcoin is spread all over the world if there is movement then definitely in terms of it. Public confidence in Bitcoin is gradually increasing, of course we are stable on more Bitcoins later.

hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
October 26, 2023, 10:07:33 PM
It is actually a fact that there are still many countries in our world that misunderstand Bitcoin and then legalization of it. Although I don't want to talk about any country's foreign policy, there are a large number of countries that have declared Bitcoin illegal because they cannot positively implement this system in their country. There may be various reasons behind this but if you want to invest in Bitcoin then nothing can stop you because its main purpose is to protect privacy. The thing you have to invest in the proper way.

Most of them don't have the infrastructure to allow such currencies. A country full of corruption can open up an easy channel for money launder through bitcoin. Those countries are already doing good in money laundering and allowing bitcoin will make things worse. Their concern is valid and those countries needs to implement proper law and regulation so that any illegal activities can be prevented.
When a country accepts Bitcoin, many illegal transactions are done through Bitcoin. A large amount of money is laundered out of the country through Bitcoin which is why the government of a country is afraid to legalize Bitcoin in that country. Governments in many countries have found themselves in such situations where they are laundering money through Bitcoins which makes it impossible to catch them. And Bitcoin transaction is to give maximum security to a person where his access cannot be traced. And using this golden opportunity in Bitcoin, many people are engaging in illegal activities and money laundering through Bitcoin from different countries. This type of illegal activity will never be prevented as no one can trace access to Bitcoin transactions which is why people complete most of their transactions with Bitcoin. And many countries have already seen Bitcoin legalized where not much illegal activity is being done and they are becoming economically self-sufficient. Considering those things, if a country allows Bitcoin, I think the country will feel a little better economically.

That is not true, once it is called money laundering or illegal transactions, they have violated the law, so even if the government bans bitcoin, it will still happen. No criminal is stupid enough to publicly say they are using bitcoin to launder money or that criminals need to wait for the government to legalize bitcoin before they can use it. Criminals will use bitcoin or any method that suits them, and they never care if the government is legal or accepting.
That's just a silly excuse the government gave because they don't want to accept bitcoin. They don't like bitcoin simply because they will lose control over their citizens if everyone uses bitcoin.
hero member
Activity: 1092
Merit: 747
October 26, 2023, 03:37:03 PM
many people are engaging in illegal activities and money laundering through Bitcoin from different countries. This type of illegal activity will never be prevented as no one can trace access to Bitcoin transactions which is why people complete most of their transactions with Bitcoin. And many countries have already seen Bitcoin legalized where not much illegal activity is being done and they are becoming economically self-sufficient. Considering those things, if a country allows Bitcoin, I think the country will feel a little better economically.
But why is it that when it comes to legalizing Bitcoin, money laundering is always the first statement people always make/say in other to discourage people from venturing into it, or does it mean that money aren't been laundered in and out of those nations now that Bitcoin hasn't been made legal tender?  Because one thing people just need to understand that whoever will launder goods or money, will still do that irrespective of whatever medium of exchange he/she has (i.e neither Gold, fiat and Bitcoin).  And as such, Bitcoin remains the best digital currency whereby it offers us control over our funds, and yet avoid depreciation of your fiat currency when you invest in it over a long period of time.
sr. member
Activity: 700
Merit: 380
🎗️🍁🎭
October 26, 2023, 07:13:00 AM
It is actually a fact that there are still many countries in our world that misunderstand Bitcoin and then legalization of it. Although I don't want to talk about any country's foreign policy, there are a large number of countries that have declared Bitcoin illegal because they cannot positively implement this system in their country. There may be various reasons behind this but if you want to invest in Bitcoin then nothing can stop you because its main purpose is to protect privacy. The thing you have to invest in the proper way.

Most of them don't have the infrastructure to allow such currencies. A country full of corruption can open up an easy channel for money launder through bitcoin. Those countries are already doing good in money laundering and allowing bitcoin will make things worse. Their concern is valid and those countries needs to implement proper law and regulation so that any illegal activities can be prevented.
When a country accepts Bitcoin, many illegal transactions are done through Bitcoin. A large amount of money is laundered out of the country through Bitcoin which is why the government of a country is afraid to legalize Bitcoin in that country. Governments in many countries have found themselves in such situations where they are laundering money through Bitcoins which makes it impossible to catch them. And Bitcoin transaction is to give maximum security to a person where his access cannot be traced. And using this golden opportunity in Bitcoin, many people are engaging in illegal activities and money laundering through Bitcoin from different countries. This type of illegal activity will never be prevented as no one can trace access to Bitcoin transactions which is why people complete most of their transactions with Bitcoin. And many countries have already seen Bitcoin legalized where not much illegal activity is being done and they are becoming economically self-sufficient. Considering those things, if a country allows Bitcoin, I think the country will feel a little better economically.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
October 26, 2023, 06:35:20 AM
That's why I often tell people, don't listen to what politicians, billionaires, and bankers say but look at what they are doing. Frankly speaking, no one wants to share wealth with others, especially billionaires and rich people, they never want poorer people than them to become rich like them. Therefore, they will find ways to prevent others from becoming rich. I also believe that the people who slander bitcoin the most are the people who are secretly buying the most bitcoin, and they are trying to slander bitcoin in the media just because they don't want to share bitcoin with others.

As it's always said in the real world, "the rich get richer, while the poor get poorer". We live in an unequal society where the "elite" get to dictate the rules of our society. These people often tell lies for their own benefit. Otherwise, everyone would have the same social standing. Governments are smart because they secretly buy and accumulate Bitcoin, while giving the public a bad perception about it. The same can be said about rich people like Donald Trump (it was discovered he had a wallet with ETH in it) and Elon Musk (often criticizes Bitcoin's "high energy consumption" but still owns a considerable amount of the cryptocurrency).

You should not make your decisions based on someone else's opinion. Instead, do your own research to help determine what's best for you. One way or another, the world will embrace Bitcoin as an alternative to Fiat. The question is, have you accumulated enough BTC to prepare yourself for the future? Just my thoughts Grin
newbie
Activity: 1
Merit: 0
October 24, 2023, 09:54:52 PM
Penso che gli orologi replica siano una buona scelta per coloro che vogliono risparmiare denaro e avere un orologio elegante e lussuoso. Offrono lo stesso aspetto degli orologi di design originali a un costo molto inferiore. Inoltre, con una vasta gamma di stili e colori tra cui scegliere, puoi sempre trovare l'orologio perfetto per ogni occasione.
https://www.orologilusso.eu/
sr. member
Activity: 2618
Merit: 439
October 24, 2023, 09:51:31 PM
Bitcoin should not be seen as a conflict between the government and Bitcoin, as it is expected to be used by citizens of various governments. Government assistance is needed to make Bitcoin legal tender in many jurisdictions, resolving taxation issues. It also highlights the importance of the SEC in establishing a Bitcoin ETF, which is expected to play a significant role in Bitcoin's future.
Well Using Bitcoin against government as issue makes our cryptocurrency market more popular and worth engaging , because we knew that if the government is interested in something they don't own meaning that is a valuable asset like what they are doing back in the years taking places to be their discovery and naming to thier country extension.
this case of Bitcoin is almost the same why they are interested in holding this precious currency or else they will banned.
but since it is not available for taking over so they are putting too much regulations.SEC and ETF thing will always  be the ghost of crypto market but waiting to what is bigger effect in the coming more years.
legendary
Activity: 1974
Merit: 1108
Free Free Palestine
October 24, 2023, 06:41:51 PM
I actually somehow agree with the fact that the people who are openly opposing Bitcoin might actually be buying in secret but just can't let everyone know about it but they obviously see the potential that it has and they know that their investments will surely earn them a lot of money in the future. So they might be opposing the idea in the public, but they must be adopters themselves as well, this is mostly about politicians and government officials.

It's obviously true that they can't actually stop Bitcoin from existing no matter what they do, all they can do is ban its usage and make the adoption lose pace but that isn't going to stop the movement and Bitcoin and cryptocurrencies will keep growing over time even if the pace gets slower that wouldn't stop the overall growth in the long-term.

Of course they are. Smart people won't let the public know they're investing in Bitcoin. That would bring unwanted attention from the government. As it's said in the real world, "keep it secret, keep it safe". Politicians, the elite, and anyone else you can imagine are buying up Bitcoin like crazy. Even if they're publicly stating their "hatred" against the cryptocurrency.

It is said that some countries are using BTC to avoid sanctions. They wouldn't be doing it if Bitcoin wasn't decentralized. With how solid the cryptocurrency has been since day one, we can say it's truly unstoppable. Governments will eventually give up as they find it's impossible to take down the revolution. "If you can't beat 'em, join 'em". Who knows if BTC will live alongside Fiat (CBDCs) for generations? Cheesy

That's why I often tell people, don't listen to what politicians, billionaires, and bankers say but look at what they are doing. Frankly speaking, no one wants to share wealth with others, especially billionaires and rich people, they never want poorer people than them to become rich like them. Therefore, they will find ways to prevent others from becoming rich. I also believe that the people who slander bitcoin the most are the people who are secretly buying the most bitcoin, and they are trying to slander bitcoin in the media just because they don't want to share bitcoin with others.

full member
Activity: 391
Merit: 100
SOL.BIOKRIPT.COM
October 24, 2023, 05:30:52 PM
Bitcoin should not be seen as a conflict between the government and Bitcoin, as it is expected to be used by citizens of various governments. Government assistance is needed to make Bitcoin legal tender in many jurisdictions, resolving taxation issues. It also highlights the importance of the SEC in establishing a Bitcoin ETF, which is expected to play a significant role in Bitcoin's future.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
October 24, 2023, 09:11:49 AM
I actually somehow agree with the fact that the people who are openly opposing Bitcoin might actually be buying in secret but just can't let everyone know about it but they obviously see the potential that it has and they know that their investments will surely earn them a lot of money in the future. So they might be opposing the idea in the public, but they must be adopters themselves as well, this is mostly about politicians and government officials.

It's obviously true that they can't actually stop Bitcoin from existing no matter what they do, all they can do is ban its usage and make the adoption lose pace but that isn't going to stop the movement and Bitcoin and cryptocurrencies will keep growing over time even if the pace gets slower that wouldn't stop the overall growth in the long-term.

Of course they are. Smart people won't let the public know they're investing in Bitcoin. That would bring unwanted attention from the government. As it's said in the real world, "keep it secret, keep it safe". Politicians, the elite, and anyone else you can imagine are buying up Bitcoin like crazy. Even if they're publicly stating their "hatred" against the cryptocurrency.

It is said that some countries are using BTC to avoid sanctions. They wouldn't be doing it if Bitcoin wasn't decentralized. With how solid the cryptocurrency has been since day one, we can say it's truly unstoppable. Governments will eventually give up as they find it's impossible to take down the revolution. "If you can't beat 'em, join 'em". Who knows if BTC will live alongside Fiat (CBDCs) for generations? Cheesy
sr. member
Activity: 1092
Merit: 342
Hire Bitcointalk Camp. Manager @ r7promotions.com
October 15, 2023, 02:44:28 PM
I don't put it in the context of making it bitcoin vs. the government, because the government is the only one that is against bitcoin and it is because money is generated in the people that they cannot control, and even if they make all their regulations, they won't work. to be able to stop this because bitcoin is the only one that is still under control, a thousand governments can pass, bitcoin is the one that will have life above all this, I am very happy that governments now believe that it is their executioner, because it is the only way to stop this. not kneel before governments and banks, not bad, I love bitcoin more and more, as they say in the kingdoms: "Long Live Bitcoin"
hero member
Activity: 2730
Merit: 585
Leading Crypto Sports Betting & Casino Platform
October 15, 2023, 01:46:14 PM
Let's not deceive ourselves, the government knows very well that they can not stop it entirely since all the world government can not agree on this term, however, they are playing smart with us, most of this guys are buying bitcoins in the secret as they create FUD in the Crypto space so that they can have more of bitcoins on their wallet. It is high time we pay by less attention to the trick.
Thanks to the country that has already accepted bitcoins as a legal tender, we hope to see more countries follow suit as the wickedness to keep the world in poverty is getting rid off
I actually somehow agree with the fact that the people who are openly opposing Bitcoin might actually be buying in secret but just can't let everyone know about it but they obviously see the potential that it has and they know that their investments will surely earn them a lot of money in the future. So they might be opposing the idea in the public, but they must be adopters themselves as well, this is mostly about politicians and government officials.

It's obviously true that they can't actually stop Bitcoin from existing no matter what they do, all they can do is ban its usage and make the adoption lose pace but that isn't going to stop the movement and Bitcoin and cryptocurrencies will keep growing over time even if the pace gets slower that wouldn't stop the overall growth in the long-term.
hero member
Activity: 2324
Merit: 562
DGbet.fun - Crypto Sportsbook
October 15, 2023, 01:20:19 PM
It is actually a fact that there are still many countries in our world that misunderstand Bitcoin and then legalization of it. Although I don't want to talk about any country's foreign policy, there are a large number of countries that have declared Bitcoin illegal because they cannot positively implement this system in their country. There may be various reasons behind this but if you want to invest in Bitcoin then nothing can stop you because its main purpose is to protect privacy. The thing you have to invest in the proper way.

The government of many countries still think bitcoin will get their people money and scam the people.But the fact is bitcoin give employment opportunity to the unemployed people in the developing countries.This was the main cause of the major adoption of the bitcoin in the most of the developing countries.Now many developing countries citizen was paying the taxes for their country for the trade of the bitcoin.Some of the countries had made their mistake by illegal of the bitcoin and other cryptocurrency to their country.
hero member
Activity: 1232
Merit: 516
October 15, 2023, 12:49:18 PM
It is actually a fact that there are still many countries in our world that misunderstand Bitcoin and then legalization of it. Although I don't want to talk about any country's foreign policy, there are a large number of countries that have declared Bitcoin illegal because they cannot positively implement this system in their country. There may be various reasons behind this but if you want to invest in Bitcoin then nothing can stop you because its main purpose is to protect privacy. The thing you have to invest in the proper way.

Most of them don't have the infrastructure to allow such currencies. A country full of corruption can open up an easy channel for money launder through bitcoin. Those countries are already doing good in money laundering and allowing bitcoin will make things worse. Their concern is valid and those countries needs to implement proper law and regulation so that any illegal activities can be prevented.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
October 15, 2023, 12:40:45 PM
This is an extremely interesting and bold idea, but where will we get the energy and internet to be able to sustain bitcoin mining on the moon? This idea may be more feasible in the future when we conquer the moon. But with current technological developments, I don't think we can do that. Not to mention it takes a lot of money to do it, and who will stand up to do it if they don't get any benefits?

I also believe that governments will not ban bitcoin because they have seen the huge tax revenue that will be collected from us. They will soon join us, making bitcoin legal but with a lot of regulations attached.

I'm sure we'll find a way how to do this, especially if we want to preserve Bitcoin for generations. I'm thinking someone like Elon Musk would have enough capital to make this happen. It's no secret he's an avid supporter of Bitcoin (especially Dogecoin). Considering that he's the CEO of SpaceX, anything's possible. But I doubt governments will go as far as unilaterally "banning" Bitcoin from widespread use, as they will miss a huge oportunity for taxation.

Embracing innovation with open arms is the best way to ensure the economic prosperity of any country in the world. As long as BTC stays decentralized and censorship-resistant, nothing should be able to stand in its way. Just my two sats. Wink
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