Topic: Do Government and big corporations launch counter advertising on bitcoin? (Read 61 times)

With the government you should always expected the unexpected. The government in every society's are the biggest sponsors of propaganda schemes, they can literally use every means to achieve their objective. Those big corporations, outlets and so-called respected people you believe to have a renowned reputation are just there as puppet to serve and promote the interest of the government in order to have a conducive business environment for themselves and stay relevant.

When people are against or have hate on a thing they don't get tired of reemphasizing about the disadvantage of it how bad it is even when it has overwhelming advantages that makes the disadvantage irrelevant. The only people right that they can deceive against bitcoin with their brainwashing are only those who have chosen to be deceived by virtue of their laziness to do their own research and have made themselves to be a dump-site where anyone can dump opinions and theories on them.

No goverment will ever want a currency they cant control. Unlike El Salvador that actually dont have their own currency, they can easily switch to bitcoin or whatsoever but for most countries that have their own currency then accepting bitcoin as legal tender or even acknowledging it as a valid currency basically means their own currency is worthless

So there you have it


They actually will

You have a right to be worried, but I'm not too worried. It could probably be because things are not as bad in my country as they are in your country regarding bitcoin, but my country is strongly against bitcoin too. According to them, bitcoin is used for criminal activities so anybody using it is a criminal.
What worries me is not that they're against it, but they have realised the potential it has for young people and that would mean they would lose the grip they had on them so they have come up with indirect ways to fight it.
First, they banned it, then they banned the banks from getting involved and reporting and freezing accounts that have anything to do with bitcoin, and then they started taxing bitcoins earnings, now they announced more regulations. It's crazy how they're taxing what they banned and what they regarded as criminal activity. I wonder how they don't see the irony. It's like taxing the profit from drug dealers.

At the end of the day, I've realised that bitcoin is not something the government can fight forever. They may go on for a while, but it will keep growing and even if they will never accept it, they will be more open towards it.


It's crazy the length they are ready to go to fight bitcoin. Makes you wonder if they actually want to make the lives of the people they govern better or if they just want to control them. Because if they want to make lives and the country better, bitcoin isn't stopping them in any way, in fact, it's helping them.

Anybody or organization can come up with a concocted survey or research just to credit or talk down on an investment. Electric car companies will sponsor so-called environmentalists to come up with articles about how using petrol-powered cars is destroying the environment. Banks will support universities and research institutions to come up with research or articles on how investing in bank shares or keeping your money in banks is better than investing in Bitcoin. You should know that everyone is protecting their interest in the global economy.

The government and other businesses are spending millions on campaigns against Bitcoin. They don't want decentralization because it will reduce their influence, which is making them put in efforts to misinform the people. The government of my country went as far as threatening and arresting Bitcoiners because the use of the currency kept increasing even after all their media campaigns.

However, it is our responsibility to always defend Bitcoin as much as we can. And we can do that by spreading and promoting the right information. Like NotATether BitcoinCleanup effort that is focused on debunking the fake reports about Bitcoin by some organizations, including Greenpeace.

That's exactly what it is! These are clickbait articles. we can safely ignore such things.

But I have experienced big corporations, especially banks, trying to bring down the reputation of Bitcoin. I have received multiple emails from my banks regarding Bitcoin being illegal and unsafe investment. I have received threatening emails which says my account can be frozen if I am transacting anything related to crypto currency. Even in the account opening forms, nowadays people have to sign a disclaimer which says he or she is not involved in any kind of cryptocurrency trading.

I am worried about such things coming from big banks of my country. Because banks are actually very deeply rooted within our society. Such actions are enough to create confusion among the users which effectively brings down the reputation of Bitcoin.

But we will win against all odds.

I read a post by DrBeer and it got me thinking about something else but similar so I decided to read up on it and in the course of that reading up, I came across an article that had me asking the question on the topic.
When governments of the world and big corporations are trying, but failing to discourage people from a particular thing, do they use different ways like articles from respected people and companies to try and subtly discourage people from that thing?

This article in question is against "Gold and bitcoin". It called gold and bitcoin "useless assets".
Gold and bitcoin are both useless asset classes.
I wouldn't have had any trouble if he spoke against bitcoin alone because I see articles daily shit-talking bitcoin, but including gold defeats his purpose. It was funny because he couldn't even say anything reasonable against bitcoin, not to talk of gold.
His main and I think only point is that these assets are investments for punters (gamblers). it's just a classic case of a person talking too much without actually saying anything.  

Let nobody fool you, with the world in economic uncertainty, and local currencies nose-diving, gold and bitcoin are not bad assets to have. I don't know much about gold investments but from my research, I found out that they usually rise when there is an economic crisis that causes inflation that reduces the value of the dollar.
From 2008 to 2010, gold prices went up over 70% due to the Great Recession. Also at the peak of Covid in 2020, gold increased by 29%. Investopedia