Hello All,
I'm new to crypto but not new to the banking/gov game.
What are you thoughts on the bankers/gov potentially controlling Bitcoin behind the scenes putting on a show oh how they are concerned about it?
They can print the fiat to buy bitcoins.
Its the electronic money/world currency they are so thirsty for.
The NSA has supposedly a back door to all our devices.
I think if bitcoin is the new banker currency it will explode higher as 7.5 billion people vs 21 million bitcoins means $$$$ to the early holders.
If Bitcoin is the alternative to the bankers/gov then it will explode higher as well due to the high percentage of people who want to be free from them.
Anyone who has attempted to not use the dollar Ghadaffi (gold Dinar) - Saddam (oil for Euros) have met a swift end.
Why are they not stopping (possible jail threats) it when they have shown they will go to extreme measures to stop competition.
Either way I see it going higher i'm just trying to get my head around why it has not been stopped.
Thoughts?
There is no way for them to directly control the actual bitcoin framework.
Decentralization basically makes it impossible for them to do so and this is a part of the reason why they absolutely despise bitcoin, even though its technology should be embraced by everyone in my opinion(the government obviously have a conflict of interest in this case, if people use bitcoin then they aren't going to use fiat because bitcoin is genuinely better, and will lead to capital flowing into btc, crashing fiat, governments don't want that to happen.
I wouldn't be surprised at all if in the future, the government started to give out jail sentences for those who hold btc. However this is extremely hard to enforce, and almost impossible to check. Bitcoin does have identifiers that you have browse publicly, but linking these numbers to a name is extremely hard, if not impossible if someone uses all the functionality that bitcoin offers to its fully extent(running a full node, etc.). And if the government does decide to crack down on bitcoin holders, i think that more people would actually start using bitcoin, out of curiosity, much like how religions are at its strongest when a government is trying to restrict it.