Governments LOVE Bitcoin. For decades (if not centuries) they've been impotent against the banks' enormous power. Now all that can change
Are you serious?
And why not? A government's role is to represent their people and help keep society somewhat organised. The legacy banking system has become a cancer that undermines civilisation. Wealth gets transferred from productive honest people to the clever but lazy and amoral bankers via deliberate boom-bust cycles. Bitcoin provides a unique opportunity for a major upset in the status quo, and the status quo is quite frankly bullshit. Let's just hope nobody gets killed in the process.
The cancer is the possibility to use coercion to obtain something. And this possibility lies in political power.
How do banks create this boom and bust cycle: by manipulating currencies to their interests. How can they do that: because we the people are forced to use one national currency. And who forces us to use one currency? .... there're you go.
But don't take my word for it, look at history. Have a look at the Roman empire and its fall, for example.
Governments are nothing more than human organisations, like any corporation. They thus have the same incentives. But not the same means. They can use force, we let them use force by believing in the false dichotomy public-private, and in the lies according to which corporations are only motivateed by evil greed while governments serve a "greater good". These lies are pushed by people who do not want you to understand the real source of our problems, and continue to grant them power over our lives for our own good.
But yeah, bitcoin pretty much take a great deal of power away from governments, so we're good.
