I tend to agree with you on this; Bitcoin was not initially accepted by many governments as it was seen as a thread to their power and control. Assuming Bitcoin was centralized, it would have taken just one concocted law or regulation to seize and ban it outrightly. But due to the decentralized nature of Bitcoin, it becomes difficult for the authorities to do that.
What we are seeing now in terms of some governments holding Bitcoin and even the case of ETF approval were all possible because time have proven that Bitcoin is not as bad as the authorities and some critics made us to think. So at this point we are seeing the manifestation of the saying "if you can't beat them, join them"
Topic: Bitcoin would had crashed by now if it was a centralized technology - page 2. (Read 206 times)
July 08, 2024, 03:09:59 AM
July 07, 2024, 01:58:06 AM
If Bitcoin was a centralized technology, it would had crashed by now because the controversial would had been in the selfishness of the authorities regulating it to specially profit them alone and only investors who may be lucky to be on the same track lines with them probably knowingly and unknowingly would be the ones to benefit along with them.
We all knows how dubious and sentimental the governments always are with the masses either by implementing the laws and the economy structures which the poor and the average masses suffers the implementation structures.
That is just how the technology system would had been and then by now, the Bitcoin would have been a historical technology to had been dumped by now.
So, let us all together enjoy the decentralization of this unique global financial Bitcoin technology.
We all knows how dubious and sentimental the governments always are with the masses either by implementing the laws and the economy structures which the poor and the average masses suffers the implementation structures.
That is just how the technology system would had been and then by now, the Bitcoin would have been a historical technology to had been dumped by now.
So, let us all together enjoy the decentralization of this unique global financial Bitcoin technology.
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