Topic: Constant defamation of crypto (Read 539 times)

There is no need that every have to think same and there are millions of ways to make money so anyone can choose any of them so there is no mandatory that bitcoin will make you rich. Even people who had bitcoin for few bucks sold it when it reached few hundreds and made xxx profits but imagine how much they made if they hold until now so stick with our own decision decide our fate.

It would be nice if we could see different aspects of the crypto market. Although it feels like there are some outrageous issues in this space, I feel some people are letting it go. information that completely influences their behavior in this market. While I am not very comfortable with sources, I also think it is necessary to create a balance in this space. Market neutrals will almost know how to choose what information is available suitable for them. Maybe we will forever see upward and downward volatility driven by the news. Only a few will stay and accompany and be satisfied with what this market has to offer.

this is actually something that is common when the bearish season occurs, FUD is scattered with criticism from all sides, as was the case in 2018, many people said bitcoin would experience a bubble, because the price continued to fall, so many people became worried about entering the market. but once the market starts to enter a bullish season, there will be a lot of news that glorifies bitcoin, as if bitcoin has no bad side, so that the government seems powerless to stem it

regardless of anything when something is indeed quite good and famous there must be two camps there, namely lovers and haters. I think something like this is a fairly common thing to happen because it really looks in the mirror in any case, maybe even for ourselves, it is certain that there are people who love and others who hate.
but on the other hand things like this don't affect the quality of themselves and in bitcoin it's like that, even though there are many of them who always hate and make some news there but bitcoin is still bitcoin. why should we pay attention to things that are not too important for such things because indeed haters will usually bark more when they have a response

For those who are beginners, they will definitely be affected by negative issues regarding the defamation of Crypto, but those of us who are already involved in the crypto world are certainly not affected by negative issues at all. we all realize that some countries are still against cryptocurrencies so it's only natural that they continue to press and check the good name of crypto so that they don't join crypto.

For seeking information on things he like to know about crypto for sure he will find those defaming information's toward crypto so I guess he's just seeking second opinion to the people which have more experience on it. And this is indeed good action made by individual because we can get enlightenment towards those information and we may get more details about why they do that and how bitcoin really work in positive manner.

So you are saying that what they did there to crypto is only normal and just a part of freedom of speech? Well don't worry I am not against with what you said or what they have said but I actually get your point and also theirs. We even have random people that also hates crypto but we never get angry with them but we only ignore them because we know that what they are saying are not true and won't affect crypto in any way.

I only don't understand why most of us cant do the same on the famous personalities? Maybe because they are famous and have a lot of followers and they are afraid that many people are soon going to hate cryptos but I believed the number of crypto supporters are still plenty when compared to them.

I was about writing a with a Topic I called "How the Bitcoin War was won". .. I think I should just summarize it here and forget about the post.

Well, a war was waged against Bitcoin last year and Bitcoin was properly defended. The war was won with superior arguments/points. The invaders wanted to fully control Bitcoin via various sneaky ways...they probably knew that before you easily defeat anyone in physical war, you have to make sure he is first defeated with words... One of the ways to use words is to verbally confront your opponents with his crimes & bad behaviors, and this is put together in a way that judges, weakens and condemns him easily.
This is typically done with words, and once the opponent is found guilty, the invader move in with physical equipments, by then their enemy's is burden with guilt, too confused, too exhausted & discouraged to fight.
Better to focus on blocking loopholes the enemy could use to sneak into your territory and conquer you. I prefer to focus on the immorals things Bitcoin could be used for and then fix them.

I have been going through your posts and I realize you are exposed to most of the negative information in this market. Personally, after many years in the market, I have learned to stay away from good or bad news about the market itself. Feel for yourself whether the benefits and risks are in this space. Is it really true to the information you see? Aside from those who slander this market at each stage of its development, I also see a positive side to it and I feel it is almost an inevitable part of life due to their own way of seeing and evaluating.

They'll not change at the first glance because they're enjoying throwing negative words about bitcoin and they're indirectly attacking us, the investors.

They're making fun of it and the intentional is really to give themselves have fun seeing people with their investments going down. But anyway, the final laugh is still on us.

Once the market recovers and they see that the price goes up, they'll just keep quiet and wait for the bear market to come back.

It is all because of control- the government wants everything to be monitored and supervised because they believe that anything beyond their control has the potential to be detrimental to the society.

Unfortunately, that is the mindset of almost all of the country's government as they believe that control gives them the power to manage all the finances and economy of the country. Cryptocurrencies, on the other hand, were created in order to escape that control. It frees every user from transacting into third-parties as all of the transactions are reflected on a public ledger where nothing can be changed.

Though it is understandable from the government's point of view, but it has been proven that even without their control, having financial freedom is better and innovative in this current standpoint.

People who think negative about it doesn't know any information about crypto they always look at the negative side rather than exploring positive on it that's why don't be surprised if they used bad words towards it and call it scam because this is what mostly the opinion of people about it especially in bearish season. But once the bull run came and they get curious by many people earned from this events for sure they outlook towards crypto will change.

That's true.

Many were discouraged in the past because they're listening to others opinion on how negatively they were with bitcoin. But look at them, because of their constant negativity towards bitcoin, they've regretted that they should haven't been judgmental to it.

And instead, they have bought so that they're able to ride the cheap wave of bitcoin when it's still not soaring high. Now, despite the market being down to it as considered, it's still up for those who have bought it before the bull.

I do agree that if you have been here long enough that then suddenly you start to laugh at the people who try to say anything bad regarding crypto. Like recently it dropped, and Luna turned out to be a failure, and you should have seen the news in my nation. From how "crypto users scammed by a project" to "bitcoin crashes, shows 80% drop!" there were many false things.

First of all, bitcoin has been a thing that been around for many years, and we should be focusing on how it has stayed strong and never crashed to a level where it's "gone", it always recovers back. Secondly Luna wasn't a scam, it was failure, Do Kown would prefer if they kept going, he didn't scam, he just failed.

I guess it's how you react to constant defamation of crypto, I mean if you keeps hearing the same argument and you know that it doesn't have basis, will you still believed on what they are saying?

So for me, I will rather have read between the lines, instead of believing every word this detractors are throwing into crypto. Maybe they have their intentions behind for bad mouthing it, but in the end, still up to us. I don't give a ... regarding freedom of speech and what not, you have to take everything with a grain of salt first and then you check it out for yourself if those accusations have basis.

Freedom of speech is one of the most misunderstood things in the world and will always stay that way. You enter a freedom of speech against your government, not with each other. You could say "fuck you biden" or "fuck you trump" and nothing will happen to you, but if you say "fuck you x person" then that person could sue you for something, I forgot the name of it, and will probably not win that case, but thats not freedom of speech. Or saying "I will kill xxx person" is not freedom of speech, you spoke, its a speech, but its a threat, meaning not everything you say will be cowarded behind freedom of speech. Its basically only works for saying "I hate the president and the senators, they are bunch of idiots" and not have anything happen to you, which is awesome because in my nation, if you do that then you will be jailed. Simple as that, try to say anything to our president and you will be jailed, which is why freedom of speech is quite important and wish we had it too.

Even freedom of speech has limits, if someone lies about a person or another entity and they do so with malicious intentions knowing they are lying then we can talk about defamation, which is exactly what governments are doing, just take a look at the ridiculous statements they are making against bitcoin and its energy consumption, and we know why they are doing this, the people of today are more environmentally conscious than ever so they are trying to get people to not adopt bitcoin by lying about this, and since many people do not bother to check the facts I would not be surprised if a lot of people decided to not use bitcoin due to those false statements.

Well, in democracy we call it as freedom of speech so everyone has rights to express their opinion and governments they need something to blame for the things that is happening so they always come up that bitcoin and cryptocurrencies are used for illegal purpose, blah blah stories.

If you think bitcoin has any future then buy it, don't listen to anyone because everyone is running for their life not for others.

It is more of the middle class but tech-savvy users more than the educated class. Most of the middle class users are trying to locate methods to make money easily due to reasons we all know, and they are major users of crypto, but sadly they end up buying shitcoins more than bitcoin (too expensive for them).

Some of the upper class do own bitcoin mainly influential families and institutions. But they will never reveal much to the public in case of public negative image about bitcoin to become even more vivid.

It will take time for governments to become lenient about crypto, and it is not a bad thing. Introducing something foreign to a population meets resistance which reduces with time. Our objective should therefore be to make people aware and careful about crypto and its related nuances and scams.

Talking about Governments, isn't it obvious that they will do it? If you see from their perspective crypto is something that'll destroy
Their agenda, it gives people the right to decide the value of the currency rather than keeping it in their hands, also the huge money churned by banks being an intermediary also comes at risk if you are advocating Cryptos to become mainstream, therefore the people connected to this arena also defame Cryptos for the very same reason.

The future is uncertain. We don't know what awaits with us or to these cryptos but one thing is for sure and that is cryptos cant overcome fiats. As we can see, majority of the countries now are into cryptos but only one to two countries have made cryptos a legal tender but despite of it I think those countries are still using a fiat because fiats on their country are still there.

Some countries and banks are also starting to create their own version of cryptocurrency. That only shows that they are not confident with cryptos to be a fiat replacement but I agree that, if they don't like cryptos then fine but can they please shut their mouth up and we will also stop hating them.

Crypto is famous among only a few educated class. Most of the people are unaware how it works and what are benefits of it.
The more it will be popular - the more pressure will be on government to centralize it. But at this point this is very difficult .

Decentralization on the crypto industry is one of the main reason as to why the government is against it however as time goes on, centralised crypto has already been made which is there are some government that are now considering crypto. But still, some or most government are still against it. It is hard to understand as to why most of the government are still against it even though centralization is already implemented on cryptocurrency.
In regards which people or citizens who are still still against cryptocurrency, I guess the main two reasons as to why they are still against crypto is due to lack of knowledge and having no trust unto funds that has no physical item such as they call "internet money". We might already know that bitcoin doesn't really have a great reputation ever since especially that it was and still widely used on the illegal activities such as darkweb stuffs.

It's not too difficult to understand. Centralized control means the government gets to use their hand to control fiscal policy. Crypto counteracts that and competes with fiat currency for the consumer's business.

If a citizen could decide to use their country's currency that's irresponsibly managed, or choose a decentralized currency that's price is determined by a free market, would you have any apprehension in choosing crypto? Doesn't become a difficult choice even if you live in a country that has a stable currency. Most currencies are inflating at a rate inconsistent with wage growth so it makes it fairly easy to choose crypto over fiat.

This kicks up the disinformation/misinformation campaign quite significantly.

We really can't make everyone like crypto, because everyone has their own reasons why they like or hate crypto. Even though today there are still quite
a lot of people who don't like crypto, not even a few people have negative thoughts about crypto. But I believe most people hate crypto, it's because they
don't have proper knowledge about crypto. Because now it is very easy to get the information we want, I believe slowly more and more people are
finally realizing that crypto is something positive and should be supported. So we as crypto supporters just keep trying to educate others, so that more
and more people realize crypto is not as bad as they think.

You would be surprised about how brutal the war of the currents was when it came to which electricity system, AC or DC, will be used, dogs and other animals were electrocuted, lawsuits were constant, media wars happened and it even lead to the invention of the electric chair, a third participant which were those that stood to lose out of the adoption of electricity, like those which manufactured kerosene lamps and those which produced kerosene were also against it, so if anything I would say that the war of the currents was as intense or even more intense than what we we have seen so far in the attempts to stop the adoption of bitcoin.

or better yet, it is the ignorance about crypto market, that drives them this kind of movement. because i am certain that once they get acquainted with crypto or blockchain technology, they will understand why many people are going into this market. the benefits they can get and the convenience are just few things that you can appreciate in crypto. but if they will continue to ignore this market, sooner or later, they will be left behind.

People defaming it and the governments that are not in support of it are only after the self benefits they get from the use of the fiat currency currently. Many have done research and saw that cryptocurrency is here to stay and take over the centralized means of saving money and that is hard for them to believe because they’re blinded by their corrupt mindset. No one can be forced to do against their will, let those that embrace it enjoy its benefit and those that don’t should stop misleading others that are interested in it.

It's because not everyone has the same views as us. Whether we like it or not, people will have different notion about a particular thing. Some might view it beneficial, while some might see it as a hindrance or harmful. This will entirely depend on the knowledge and values you uphold as a human being.

As for those people who keep painting crypto in a bad light, maybe some of them had bad experience with it. Some might just really against it because they lack knowledge or it had been tainted in their heads already. Either of the aforementioned factors, crypto will continue to bloom because it has been really progressive due to technology. It will be the loss of those people who won't believe in it. And perhaps we should just respect their stance as long as they don't disinform.

Probably because they haven't discovered yet on how they could corrupt the crypto industry. They don't know much about it because most who are in government are either stuck on traditional things (fiat) or they are too old to study about it.
Then, there's the constant news about crypto scammers that had made it look more bad. Where do we get our news now? The internet, social media, and vlogs. That is also where cryptocurrencies live. Imagine that.

the government hates crypto because it wants to protect its currency so that it remains the main one
if people hate crypto, there are 2 types, in my opinion, the first is those people who are looking for profit with this bad news, crypto prices will fall and they buy as much as they believe crypto will experience a price increase phase and provide maximum profit
second: people who have experienced losses from crypto so that they enthusiastically make hate and bad news about crypto

Well...there are many reasons for this...people in the government ad the banking sector do not want crypto to succed as it disrupts their system. While people in the crypto space want to drive the price down.

Certainly they wouldn't promote crypto, since they are against the principles of the capitalist system, however, you should also take into account that most people have a very  superficial knowledge regarding cryptocurrencies, thus, it's quite understandable for a decent percentage of people to think of them as a ponzi or a scam.

Because they think that cryptos are now starting to become famous so before that happens, they will stop it. For the governments it can be understandable if why they are doing this. Maybe they don't want crypto to be recognized by the many because they are afraid that if people liked crypto, they will not use fiats anymore.

For a random person that isn't related to the government, I don't really know why they are doing this. I mean what can they get in return for doing this? They are only wasting their time and effort but much better if these people do something that is more valuable so that their family is going to be more proud of them.

It is very normal for something of good value and also something that is a threat or of constant competition to receive such defamation from different parastatals. Cryptocurrency under different occasions has proven to be a likely and a more solid replacement for the current we use now in different regions of the world.

I am sure you’re aware by now that Bitcoin does not support any third party during its transactions, and the absence of a third party like government, banks, etc means absence of extra funds for the above mentioned bodies. So, for anything that stops the flow of your passive or main income, is definitely something you are likely to defame all so that you can get people to take their interest off it.

But unfortunately, cryptocurrency has come to stay, and gradually with time, it will dominate all the monetary bodies present, and as a matter of fact, a few countries have even adopted it as a legal tender. So you can imagine how rapid the growth has been!!

Now that people have choices to choose whether they want their money to be used by the bank or be your own bank. Since most of the people suffer from the banking system where they can control your own hard-earned money, people nowadays can choose what type of banking system they want. And since the adoption of crypto keep rising almost everyday while the other use this opportunity to make crypto to look as bad as what they thought just like a scam without even trying to do some research first on how does the scam happen.

But for those who know it they won't get easily scam by these opportunist since they have the right knowledge when it comes to crypto currency.

No government will want to promote anything they can't control and regulate. Bitcoin is like a threat to the government and all centralized financial institutions. I won't say ignorance is responsible for their defamation of crypto most especially Bitcoin but i will rather link it to fear of the unknown. A fear of what becomes of their nations if the can no longer regulate the flow of funds around their countries

I would not say that those things had negative publicity as bitcoin has. Bitcoin has been notorious for its link with ransomware and hackers. That itself has brought down its name more than any other factor, like hacked exchanges. Even then those who have been into bitcoin will remain in it, making it a niche asset.

Defamation only exists if you take it as defaming. Bitcoin is not complaining and neither is it failing its purpose. People who use bitcoin are.

Hence my opinion regarding this is to continue doing what we already have been doing - holding. Let the governments gradually understand the things behind bitcoin and maybe they change their stance.

That is the nature of man. Man resists anything that differs from status quo, especially when he is not directly involved in the change. Every change brings two results, positive results to people that understand it and follows the trend and negative result to people that have decided to embrace the status quo. This is the reason every technological advancement or innovation is resisted at the initial stage. Electricity was resisted, the use of toilet was resisted, television and lots more. But in all these, a technology with positive impact wins on the long run. It will take some few decades for bitcoin to scale through properly and be trusted by the people.

Certainly, people are afraid of change, even if it's for the better, because it's changing their perceived way of thinking. Certainly, the Terra incident, which is extremely saddening since billions were lost within a few days, isn't helping how cryptocurrencies are perceived. On top of that, any so-called plans for recovery backfired. While I don't think that it was intentional, it has certainly caused long-term damage to cryptocurrencies, with people quickly assuming that they're all a bubble about to burst, or just another ponzi.

True, one of the reasons, yes, there are still many weaknesses of cryptocurrencies which they then use as material to discredit cryptocurrency itself, especially it is still easy for parties who only want their own profit in this case fraud in the name of cryptocurrency, I agree with that. Plus there are still many people who don't like the presence of cryptocurrencies that take advantage of these weaknesses. I think these parties who slander cryptocurrencies are endless regardless of what their real goals are.

The possible reason why government and other institution defame crypto because the current  crypto industry has many flaws that can be exploited by fraudster and scammers.  Aside from that, lots of cryptocurrency projects are being launched without regulation so many projects developer tends to create project for the purpose of money grab.  And most of all Government hates crypto so whenever they find something that they can use to defame the crypto industry, they publish it.

People are very skeptical, I remember that at the beginning people were very wary of a service like PayPal and I think we could find the same resistance to credit cards or fiat when they were first introduced, so it is natural that people are skeptical about something like bitcoin, the problem is that people see what it is happening with terra and then they make general assumptions about the market, supposing that all coins including bitcoin are the same, which is slowing down the adoption of bitcoin even more, and if to this we add that this plays perfectly into the hands of politicians then it is no wonder adoption is so slow.

This is another point, this actually works in favor of those actually defaming the cryptocurrency, when this rug pulls, dips and so on happen with coins, most naïve people are forced to believe that it is all scam, failing to understand that as long as this money remains an electronic one, this uptrends and downtrends are legally expected to happen because the market is influenced by so many factors which notably one of them is the PRESENCE of the WHALES.

These people splash money into the market at will on a steady basis, and monetary circulations of that nature tend to affect the rise or dip of these coins. But, I strongly believe that soon, everything will be balanced!!

That's accurate, people are afraid of anything that's fundamentally different from what they're used to. As I've mentioned before, on another thread, Cryptocurrencies are relatively new, while people in governance are usually of an older generation. People often associate cryptocurrencies with scams or Ponzi's, but that's entirely not true. Unfortunately, instances of scam coins, rug pulls or even failures such as Terra, whether they were intentionally or not hurt their credibility and how people perceive them.

This is very far from the truth. You should be an Angel to believe this and think it is the reason government is defaming crypto. Well, it means that your government cares alot and wants everyone to be rich. In reality that is not what government meant for us.
My own government is against crypto in order to save her fiat;
My own government is defaming crypto because it is difficult for she to tax crypto.
My own government is against crypto because they don't control it and cannot print more crypto at will for their own advantage.

Government doesn't fuvking care for you, neither do they want to save you from ponzi schemes.
The highest ponzis that ever existed has some connections with the government.

Well there is an old system going on in whole world and when something this massive try to take a spot from old methods of currency trading, There could be great resistance there to face. So far crypto is able to create a good network of so many peoples who understand the concept really well and taking new approaches to increase its network globally.
As far what you said about defamation of crypto from the government sides, I can't deny so many government are banning and not allowing to trade in crypto or imposing different types of laws and high tax system to control it but they can't do much about it because its on internet and so many peoples have approach to it.
Still crypto popularity is increasing and with time many more will understand the concept behind it and join it willingly.

Who like the things, which take the control of them. The government currency will be quick replaced by this cryptosystem.If it was supported by the crytocurrency. The value of government currency will reduce huge in a short period by the new adoption of crytocurrency. For this two reason, mostly the government will ride on the investors.We are enough to make investment now.

I think the majority of those that are here today went through something similar, I remember that not long after I entered the market there was a 10% drop and it took me by surprise that bitcoin could move so quickly, but eventually I got used to it and now such movements do not really mean anything to me, however people are very risk-averse so such a movement is not something that they will like and it could be more than enough for them to get out of this market and think of it as a scam, even if that is not the case and simply the volatility is higher than what they are used to.

They were both deplomats and have different perception about Cryptocurrency in general, its not about what anyone says but the reality remains that bitcoin is the only guaranteed digital asset while other cryptocurrencies can fulfill the general opinions being said about them, just as in the case of Luna, i believe there are other shitcoins out there yet to unveil their true identity, but sooner or later they might not stand the test of time.


to an extent bitcoin cannot be intimidated by any chance with the influence of news or what is been talk about it, all that has been said about altcoins were to an extent true except in the case of bitcoin.

It tends to lead back to one simple fact: crypto is outside the control of any central banks. This means it cannot be manipulated to the advantage of politicians or bank officials who like to flood the market with extra supply in tough times, rather than balance spending. The secondary factor would be that transactions are not as easily traceable compared to the existing financial system which has all sorts of identity record keeping. It's possible for governments to pressure private banks if they feel individuals are up to suspicious activity.

Have you seen and listened Warren buffet talking about crypto ever? And have you ever compared Elon musk talking about crypto? You see both of them are billionaires however both of them support crypto currency in entirely different way. One hates it and Call it bubble whole other one wants to expand it, want it go green, accept it in real world application and what not.

Im pretty sure defaming and fame crypto currencies is tug of war. We as common earner and user of crypto shall not get dragged into this. If we have the chance then just keep earning it and using it.

Because some people resist change or anything that challenges the norm and the governments of this world created a norm or standard that they force down on people. The governments of this world can manipulated people with the control that they have over their wealth and also what they do with their wealth.

Now, I am not a supporter of Russia ...but I am going to make an example of how governments can control people and even other governments by using Russia as an example. (What happened when Russia invaded the Ukraine? ==> The West immediately targeted the Russian government and the wealthy people by blocking Bank accounts and also money transfers via SWIFT....so you see what they can do...right? (In this case it was done to try and stop the WAR...so it was good)

Crypto currencies are used to bypass these restrictions and also to make your transactions pseudo anonymous.... and the governments of this world just hate that Crypto currencies can be used for that. (This is why it is being regulated and defined as a Commodity and not as a currency....because they hate competition) 

I think you're right.  I lose track of which generation is which, but the way I see it is that it's the old farts running the show now who are the ones trying to suppress crypto (although it would have been nice had OP given some specific examples), while it's the zoomers(?) and Gen Z'ers(?) destined to bring crypto into the world like a seasoned midwife.  

Bitcoin has already been around for almost an entire new generation to come into being (right?), so it's kind of still early and the farts still hold power and their prejudices.  It's going to be a few years yet until those young people who knew of bitcoin from the time they could understand what money is get into politics and start booting the farts out on their asses--if they don't kick the bucket first.

And as I understand it from my reading of crypto history (consisting of exactly two books and zillions of posts on this forum), politicians and average people used to be far more anti-crypto in the early days than they are now.  There used to be US senators calling for bans on bitcoin if I'm not mistaken, and if it weren't for the lobbying done by the Winklevoss twins and some other prominent personalities with more than a little bit of influence, those gray-haired, bag-bellied, bloated old gasbags would have had their way.  Think what you may of the twins and Roger Ver and Charlie Shrem, but it looks to me like they did some good for crypto back when most people didn't even know about it.

Betcha that dilemma wasn't causing rifts within families or politicos to tilt the nonsense spout to its maximum pouring angle.

Crypto is really wide discussion, CBDC is an example of crypto and government didn't defame it since they're who launch the CBDC is.

Since this is Bitcoin forum, so I will answer about Bitcoin. Most government and people defame Bitcoin because they didn't trust Bitcoin, this isn't wrong since each people have their own perspective and you can't force them. But what I know is there's already 3 countries accepting Bitcoin as legal tender (El Salvador, Central African Republic and Panama) it will encourage other countries which ban Bitcoin will make Bitcoin is legal (not legal tender). Government will tax Bitcoin and it's win-win situation for them.

I guess we have generally passed through this phase already in cryptocurrency's history. More than constant defamation from countries, we are seeing a serious or even sincere approach in learning, understanding, and regulating it. I consider this a mature approach.

Gone are the days when governments would simply brush the idea of Bitcoin off as a criminal's currency used below the surface web. Right now, we cannot deny that there is in fact an effort to find compromises, to look for ways to adopt crypto without necessarily abandoning the traditional system.

Simply because they hate cryptocurrencies, they hate privacy and decentralization, the main advantage of cryptocurrencies is privacy and decentralization and this is not like governments at all because they like to control and monitor all the financial movements of people, they love the banking system because through the banking system they can control everything and they can monitor and block all financial transfers If they want and this is exactly what governments want, another thing also cryptocurrency gives financial freedom to people and this is something governments hate too.

They need to experience first hand to remove such fear.
Because most people fear the unknown. So up until they will take a dip on this market, they won't understand this market.
Let us admit that the first time we heard about this market, we were also hesitant at the beginning.
But that will change once you try your hands into this, if you have no knowledge in any market, definitely you will think of things not favor on the subject.
So be more open mind and learning a new market is not actually very hard. But being ignorant is the most common reason why people are in fear of something.

Perhaps on some level, people fear change. They fear abandoning horses for automobiles. Outhouses for indoor toilets. This fear of change extends to new emerging trends like bitcoin and crypto.

It took 10 years for sailors to mass adopt the explanation of vitamin C deficiency causing scurvy. Even when all of the available evidence and documentation points to a single cause. There is still considerable fear and controversy associated with it.

Even if bitcoin and crypto were a perfect and flawless technology with no disadvantages. It would still take people time to overcome their fear of change and adopt it.

There are basically two reasons for this, ignorance and a desire to keep the status quo, most people do not really know anything about the economy and are afraid of change, so when they hear of this new revolutionary form of money they just reject it based on instinct and nothing more, now governments understand very well what is at stake, which is why they lie about bitcoin so much, since they can see that bitcoin is a threat to the fiat system that benefits them so much and they are not willing to let go of it without a fight.

The main reason is that there are too many people who lose customers because of bitcoin, and those people are usually from wall street. I mean not exactly wall street, but basically hedge funds and investment firms, all around the world.

This means that they have a lot of stock and shares from companies who are in media and other places, and that means we do not really need anything that is specifically related to this situation. They could get anything they want done, they just tell the media companies "we have enough shares to crash you if you do not do what we ask" but in a nicer way, and since they are losing investors to crypto, they get media to say bad things about it.

Not only cryptocurrency had been into this hilarious challenge from governments, but I think to an extent cryptocurrency has built a strong resistive nature that could not be influenced by an ordinary news that does not portrait what it means, take bitcoin for an example, it has face alot of challenges from government in terms of regulations on it mining sector, energy consumption, tax, and adoption as a matter of fact but despite all these, the true nature and identity of bitcoin or crypto does not change, it still remains a digital decentralized currency, and remain anonymous and volatile.

There are several groups that defame crypto. the first group, those who had invested but ended up feeling disappointed because they lost their money and that was due to lack of education and could not be patient. the second group are people who never believed in the existence of crypto, because they always thought that crypto was still illegal. and another one is the government, they will never want crypto to replace fiat, and until now crypto has been able to compete to replace fiat. Of course, some of the groups I mentioned will always defame crypto so that people don't use crypto.

The government of the country wants to control this area. Also receive taxes from the sale and purchase of cryptocurrency. This currency is not suitable for international payments nationwide -probably so many people think. And in the best traditions of world practice, all good things must be discredited. This is what we can observe throughout the entire existence of cryptocurrency.

For government reasons maybe because crypto is something out of control like traditional finance, and things out of control are usually seen as a threat.
and the fear of governments or national central banks wanting to control their money, and besides tax reasons if everyone buys or sells everything using crypto, then what's the point of fiat.
and therefore people tarnish the reputation of crypto, none other than because they have suffered losses or scams which are actually their own fault and also have no knowledge and understanding of crypto. So ignore it because everyone will find out for themselves when they find out the truth and realize the good benefits of crypto.

There are investments that have been there for ages therefore most of them are heavily controlled by the government and also the by the super rich people as well. One must understand that this makes everything to be dominated by those people and companies, now when people have an alternative to that : 'Bitcoins and other Altcoins', the government looses not only money but they also loose : 'control' which to them is extremely essential, this control apparently helps them gain weight. They do not want to let people have their own money and have a control of it. This ends up any chances of them using the people's asset for manipulation according to them.

Nothing new. They want to reserve the power to mint and manipulate money to themselves - it allows them to legally steal your savings. It's a nice racket so obviously they don't want it to change.

Cryptocurrency has been associated with terror financing and tax evasion, even if we know that fiat currency has been used for the same too, but the point that bitcoin is pseudo-anonymous and often it is the only currency being accepted by Ransomware hackers, it started to have more of a negative impact in public.

Not being able to see who is sending or receiving builds a sense of suspicion among the person being told about the same. To them it appears as is the parties involved in a transaction have something to hide. This is a side-effect of the system that bitcoin has, not something we can help much. Of course personal experience reduces this suspicion by a lot, but reaching that level requires time.

I will no say that governments defame crypto, it is the choice of the listener to determine whether a statement is defamation or just a warning.

Government of a country are always like that because the government have Central Banks which takes care of the monetary system of the country.
They don't like anyone handling private money of certain groups and most especially the finance all over the world are handled by International Monetary Fund (IMF), they organize the balance in facilitating trade and economic growth.

Would a government or IMF want cryptocurrencies to be used by these countries where they are out of the picture? Hope you won't open another thread with same question.

One thing I think for this defamation by high people and those that in the government is, I think with the existence of fiat there are businesses that they do around with that cryptocurrency will not be easy to do or operate in like setting up of banks, micro finance system for loans and other SME concern with fiat transaction withdrawal and loan. Those business do generate money and interest to the owners as even there alternative source of income or main income. They will defame bitcoin for their selfish purpose.

The continuous defamation of bitcoin, actually this has happened for a long time, I myself no longer waste my energy thinking about all that, most of the governments do all that because the government can't take control of bitcoin, that's why many governments always do defamation, but good luck now that there are countries that are willing to accept bitcoin, and accept bitcoin as legal tender.

Well just think about the types of peoples or groups of people who are naysayers against bitcoin and other cryptocurrencies, they all often seem to have an agenda of some sort against bitcoin/cryptocurrency do they not? Bitcoin is an interruption against governments fiat currencies and many “powerful” people often have interests in banks and other similar institutions that bitcoin goes against.   

of course they don't want fiat currency to lose its popularity due to the massive adoption of crypto... but sooner or later people will use crypto as their means of payment for their various needs

Not all governments are trying to do this, for example, we have some countries that have decided or will decide to accept Bitcoin as a currency, as an example for that of El Salvador.

Most of the countries that try to "slander cryptocurrencies" are the ones that cannot impose central control on these currencies and therefore cannot control or freeze them as they wish.

The rest of the countries are either afraid of the countries above, or trying to avoid this headache, or do not understand the nature of these currencies and are looking for "international acceptance"

Government is the few people who there to paint a picture of protecting what looks like collective ownership and in this case, the local currency is part of an example. Cryptocurrency is about financial Independence and freedom of use separate from third party. If government is to protect the public they need to know what the public is doing but in terms of financial Independence, blockchain doesn't allow for that third party interference which is the government. This is a major reason for the defamation of crypto and effort is now on trying to make a regulation on it. This is the centralized and decentralised issue running in the system.

OP, out of your 4 open threads, do 3 have the same question? You may wonder why you are so concerned about the attitude of governments towards cryptocurrency and its regulation.

I'd also like to ask you to create more complete questions, because you were given complete answers on three different topics. What did you not like again?

It is because centralization against decentralization. That's where it's rooted and I don't think that they're still too many of them. Majority are not speaking but there are those that have already spoken and they're for the support of it.
What I'm seeing with the constant defamation are coming from the economists and financial experts and you understand it why. Because crypto is against to their traditional business.

First and most important: governments will officially protect their own currency. This also means bashing crypto, which they may see as competition.

Then: crypto is difficult to understand for economists. It's not that straightforward (for them) why crypto (and especially bitcoin) holds value, and, even more, that value tends to increase over time.

Also crypto is rather technical. Heads of governments and central banks are far from young and they don't understand the technical details and also fear them.

Even more, commercial banks have noticed that crypto can do easily and cheap various things they were doing slow and expensive. That means less revenues for them. So they most probably have done some lobbying against crypto.


Good enough for a quick list?

Isn't it obvious? It's because they don't believe in them and think that they're just ponzi schemes without any proper backing whatsoever. Human beings have become so reliant on FIAT that it's difficult for them to trust other payment systems easily.

Also, the many governments actively warn their citizens to avoid investing in them which instills fear and spreads negativity related to cryptocurrencies.

However, this is changing with time since more and more people are investing in the crypto world since they are able to see past all this negativity which is a good thing.

Why are so many governments and even people constantly trying to defame crypto?