Yes OP, it is. It's so reliable, but the government sees it as a threat to the stability of their economy. You know it isn't centralized, and that's the coolest part, but the government can't leave the whole monetary system Into a digitalized program. Knowing how complex it is, a lot of people would find it difficult to adapt to it.
Another thing is the use of Bitcoin for illegal activities due to it being pseudonymous making it difficult for law enforcement agencies to trace and track the flow of funds.
So In as much as Bitcoin is so good and advantageous, it also has its drawbacks and limitations ( which include many more than I've talked about by the way) making it only an alternative at the end of the day.
Topic: Honestly, Bitcoin fits in this gap more than others. (Read 509 times)
and you can hind your money in bitcoins without government knowing if you have divert money or not, that is why their afraid of Bitcoin
BTC isn't anonymous, it has a public ledger that is available for everybody to take a look, surely it isn't going to be the first choice option for someone who wants to hide or launder money, the first choice option will surely be cash.Most people in today's world are now dependent on various cryptocurrencies including Bitcoin.
Take note that you should only 'depend' on BTC if you are looking for a censorship resistant and permissionless currency to use, but if you are looking for profit from investing in BTC, or a means of livelihood from trading, it is not a guarantee and you can lose all your money or suffer losses.Bitcoin allows you to leave a place with the clothes on your back and get you wealth in the new place.
This is pretty cool. Most governments don't like this.
For instance you are Russian and you are against the war with UKRAINE you could leave Russia and have some wealth available when you get to a different country.
Most people in today's world are now dependent on various cryptocurrencies including Bitcoin. But there are many people who don't like Bitcoin only because nobody can control Bitcoin. But Bitcoin is the only virtual currency in today's digital world that people can invest and earn huge amount of money from. This decentralized currency is currently trying to change the world and has already legalized Bitcoin in many countries and they have been able to change their countries economically. Due to the fact that Bitcoin is the most convenient for transactions, countries in the world that have not yet legalized Bitcoin will definitely benefit if they accept Bitcoin. If this digital currency can gain recognition around the world, then surely every country will be able to develop well in the future, and they will be able to be economically self-sufficient.
Cryptocurrency is changing several financial issues. Though, Its decentralisation, both its strength and weakness, raises stability and governance concerns.Bitcoin's potential to boost economies is worth consideration, but it may not solve all economic problems. Does every nation have the digital literacy and infrastructure to maximise its potential?
Decentralisation removes safety nets but frees from central control. A fragile equilibrium. Perhaps embracing Bitcoin while knowing its limitations will help governments traverse these uncharted waters and create a better future.
Being decentralized is a part why the government should embrace Bitcoin in the world today,
It is from your point of view as a citizen and ordinary person. But in their eyes, that's exactly why they won't embrace Bitcoin. They don't want money, knowledge, and power decentralized and shared equally. They want to be the ones deciding who gets what. A centralized government currency is easy to control and inflate when needed to cover for their overspending. it's the only digital currency that can bring peace if allowed as a means of payment around the country.
Peace isn't profitable. War is. Again, from their point of view, not ours. 
Most people in today's world are now dependent on various cryptocurrencies including Bitcoin. But there are many people who don't like Bitcoin only because nobody can control Bitcoin. But Bitcoin is the only virtual currency in today's digital world that people can invest and earn huge amount of money from. This decentralized currency is currently trying to change the world and has already legalized Bitcoin in many countries and they have been able to change their countries economically. Due to the fact that Bitcoin is the most convenient for transactions, countries in the world that have not yet legalized Bitcoin will definitely benefit if they accept Bitcoin. If this digital currency can gain recognition around the world, then surely every country will be able to develop well in the future, and they will be able to be economically self-sufficient.
Can you list which countries have accepted bitcoin and whose economy is growing thanks to bitcoin? If bitcoin is currency and is only used for payments, how can it bring economic benefits? If bitcoin is a volatile and high-risk investment, how can an economy be stable if it depends on bitcoin? Is your economy completely dependent on bitcoin and do you feel your economy is stable? Not to mention an economy as large as a country. Bitcoin is really good to invest in, but when it comes to its impact on a country or the world economy, bitcoin has not yet done that.
and you can hind your money in bitcoins without government knowing if you have divert money or not, that is why their afraid of Bitcoin
BTC isn't anonymous, it has a public ledger that is available for everybody to take a look, surely it isn't going to be the first choice option for someone who wants to hide or launder money, the first choice option will surely be cash.Most people in today's world are now dependent on various cryptocurrencies including Bitcoin.
Take note that you should only 'depend' on BTC if you are looking for a censorship resistant and permissionless currency to use, but if you are looking for profit from investing in BTC, or a means of livelihood from trading, it is not a guarantee and you can lose all your money or suffer losses. 
Most people in today's world are now dependent on various cryptocurrencies including Bitcoin. But there are many people who don't like Bitcoin only because nobody can control Bitcoin. But Bitcoin is the only virtual currency in today's digital world that people can invest and earn huge amount of money from. This decentralized currency is currently trying to change the world and has already legalized Bitcoin in many countries and they have been able to change their countries economically. Due to the fact that Bitcoin is the most convenient for transactions, countries in the world that have not yet legalized Bitcoin will definitely benefit if they accept Bitcoin. If this digital currency can gain recognition around the world, then surely every country will be able to develop well in the future, and they will be able to be economically self-sufficient.
Bitcoin might be a reliable currency for us users but if it's for the country or the government, they would see it as a threat due to it might surpass the fiat currencies that might affect the economy. And if they welcome Bitcoin for sure they would have a hard time to handle it since its "decentralized" they don't the power to control it and manipulate it unlike some currencies. I think being centralized by the bank its still a must for them to have trace and information for people especially to the one who's doing illegal sht. Cause if we were gonna use a decentralized system in the economy, for sure it would cause chaos as they don't have any rules and law that peoples follow.
I have never seen Bitcoin as a threat before but the problem is that have many features that is making people and government mostly to suspect bitcoin, the thing is that their afraid of Bitcoin because it's fast to be process and you can hind your money in bitcoins without government knowing if you have divert money or not, that is why their afraid of Bitcoin is not only bitcoin taking of fiat currency alone but their conscious of bitcoins being fast for sending out funds to another person in another country 
We all love Bitcoin, but there's no point in exaggerating things. The year is 2023, many private companies and governments are accumulating Bitcoin. The vast majority of the amount in circulation is in the hands of giants. They can manipulate the price however they want. There's not much small players can do about it. Also, Bitcoin has no purpose to bring peace. Where there is money, there is no peace. These are the harsh realities of life. Bitcoin isn't used in daily life. Rather, it's seen only as an investment tool. Don't you think that shows that it has deviated a little from its starting point?
Come to think of it
Bitcoin is the most reliable digital currency that everything in the world today should move closer to, but the greediness and power in men won't let them.
They can't control it, and that's why they hate it.
Bitcoin is the most reliable digital currency that everything in the world today should move closer to, but the greediness and power in men won't let them.
They can't control it, and that's why they hate it.
The government always wanted to have in control, they frown upon on anything that is not in their control until they realized that they are missing on it before they get into considering of creating regulation to minimize the decentralization impact of Bitcoin.
Being decentralized is a part why the government should embrace Bitcoin in the world today, it's the only digital currency that can bring peace if allowed as a means of payment around the country.
That is what we are thinking but remember government has to consider their authority and how they will execute things according to the established constitution and laws and this is the major reason why the government is hesitant in integrating the Bitcoin technology into their system.
Instead the Banks are getting in relations with Chainlink and XRP, something that's built centralized and imagine many countries start using these centralized coins and the same FTX shit happens, how will that go? Not good right?
If Bitcoin take that place instead it will be a smooth breeze, the government will have peace themselves, there will be no betrayer of sort because no one have power or control over Bitcoin.
To me Bitcoin just fits in the gap more than any others, oh but the heart of men anyway.
If Bitcoin take that place instead it will be a smooth breeze, the government will have peace themselves, there will be no betrayer of sort because no one have power or control over Bitcoin.
To me Bitcoin just fits in the gap more than any others, oh but the heart of men anyway.
Unlike Bitcoin, the stated cryptocurrency has central authority so the banking system is okay with implementing these kinds of cryptocurrency because they have someone to blame or to go after if incase the process goes haywire. Besides, Bitcoin main ideology is to break free from the centralized financial institution and give its user the freedom of transaction which we know that is not viable when centralized financial institution is in charge.
Being decentralized is a part why the government should embrace Bitcoin in the world today, it's the only digital currency that can bring peace if allowed as a means of payment around the country.
Bitcoin is the only decentralized cryptocurrency that should be embraced by all and not only the government. Taking about bringing peace, that is what we can’t vouch for because the hatred for it won’t stop even if it was legalised to be used globally today. The many advantages that comes with having bitcoin should be enough to serve as a purpose for it to be accepted and other falsehood about it can be neglected.
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Instead the Banks are getting in relations with Chainlink and XRP, something that's built centralized and imagine many countries start using these centralized coins and the same FTX shit happens, how will that go? Not good right?
Isn’t that what the government wants? Centralised power and total control of everything. Since they can’t get it through bitcoin, they’ll settle where they can get it and serve as a gateway for those platforms or projects to gain more users for them. For Bitcoin lovers, we know what is at stake to losing privacy and security of funds to a company or government, so we can’t trade and completely want to follow such projects.
They can't control it, and that's why they hate it.
Being decentralized is a part why the government should embrace Bitcoin in the world today, it's the only digital currency that can bring peace if allowed as a means of payment around the country.
This is the point, because they cannot control and take advantage of Bitcoin, they do not want Bitcoin to end or compete with their current business in the scope of currency or legal means of payment. Therefore, the government or world bank owners will also not let the currency function fall on Bitcoin globally and thoroughly. Maybe this can only be done in some countries, but in other countries, the government seems to be carrying out strict supervision and making laws regarding the use of Bitcoin as a means of payment other than their legal currency.Being decentralized is a part why the government should embrace Bitcoin in the world today, it's the only digital currency that can bring peace if allowed as a means of payment around the country.
If Bitcoin take that place instead it will be a smooth breeze, the government will have peace themselves, there will be no betrayer of sort because no one have power or control over Bitcoin.....
Whether it will happen or not, but Bitcoin replacing fiat as legal tender is a very difficult thing. And here, it might be an alternative means of payment but not a complete replacement. And this will also link various laws in each country and how prepared all citizens of that country are with Bitcoin technology, where not all citizens understand digital activities. 
Unfortunately it's also a bit about people not adjusting to new technologies all that easily. You can't accept the whole world accepting newer technologies that quickly like my father in law is still having some trouble with mobile phones and that should be the important thing, we can't really talk about how it would make sense in the short term but it could work on the long term with more time. When the whole world is capable of using it, then it will be just about preference and when that happens there will be more people using it, but right now its not just about preference, there are people who do not know how to use credit cards, bitcoin is way out of their capabilities.
in every progress in technology, there will always be people who want to stick with traditional ways where they are used to. we can't force those people to embrace the tech. we just let them do what they want to do. in time, when they are seeing people are getting the advantage of using such tech, that's when they will come around. but forcing them won't help them understand its importance. if not, it is not our loss for missing out the tech. but it all comes down to individual's preference.
Bitcoin fits in more but I really wish it can process more transactions than the current limitations, it's ducks I wouldn't lie about that but of course, security, safety and decentralization made it that way, more transactions means you will have to give up the rest, otherwise bitcoin will stand the chance than most of this altcoins that are making noise that want the change or support the government financial system and the rest; just think about about it thag if bitcoin in real time could process 1M/seconds, you really think there will be altcoins to boast of new creativity, they Wil always die at the point of launch. Even at this, known of them still survive the mission and mission of making that collaboration fully.
Bitcoin fits more but rejection will keep coming from.the different angles when it comes to adoption facilitation, look at what US is doing to ETF and the rest even when we know that the guys that are call or the ETF are doing so for their own profits. The government will not approved what they don't like and what they can't control, that's just it.
It would be possible in the future, we do not have the technology for that right now but we will have it. Lighting network tried that and I think that's not that bad, it's at least an attempt for it and it's being done, I think that's an important part of it, I think it will benefit them eventually.Bitcoin fits more but rejection will keep coming from.the different angles when it comes to adoption facilitation, look at what US is doing to ETF and the rest even when we know that the guys that are call or the ETF are doing so for their own profits. The government will not approved what they don't like and what they can't control, that's just it.
I think it is important to just wait for that to happen, and when that happens, we are going to see bitcoin grow much larger and the gap between bitcoin and other coins will go up a lot more. I know that it is not going to be something that will be simple, but it is going to be an easy thing one way or another, it should be important and we could see it grow. Just wait for it, maybe not this year, but that will eventually happen.
Bitcoin is not a privacy coin and it's traceable on the blockchain, but it's very hard to hunt down someone who have never use any centralized exchange before, I believe the only way to find down a bitcoin address owner is if they have passed KYC on any online exchange before, that will easily give them away.
For someone who is never a fan of centralized exchange it will be hard, now as for Fiat currency, every money belongs in the Bank and to the Bank, it's where we all keep money, Your bank account has your name and information on it, you do anything bad you can be hunt down through you bank details and moreover Banks are all centralized, controllable by the government.
It's very clear why the government still doesn't like Bitcoin till date, Bitcoin isn't physical, it has no particular number printed on each Bitcoin, they are just in numbers, and there is no way to know if Joe's Bitcoin years ago is the same Bitcoin I bought off-exchange and laying in my wallet right now.
Decentralized is enough to piss the government off Bitcoin.
Transparent Bitcoin transactions are pseudonymous, not anonymous. KYC on centralized exchanges might link Bitcoin addresses to personal identities, piercing privacy. Traditional banking systems are more transparent about user identity, making regulatory oversight easier. This centralized system gives order but also limits. You're right about the government's reluctance to Bitcoin, which changes financial system power dynamics. The lack of a traceable 'origin' for each Bitcoin complicates problems for regulators. Decentralization not only "pisses off" governments but also puts their ability to regulate their finances in risk. Your views align with cryptocurrency pioneers. A decentralized financial system offers autonomy but requires informed citizens to responsibly use it. For someone who is never a fan of centralized exchange it will be hard, now as for Fiat currency, every money belongs in the Bank and to the Bank, it's where we all keep money, Your bank account has your name and information on it, you do anything bad you can be hunt down through you bank details and moreover Banks are all centralized, controllable by the government.
It's very clear why the government still doesn't like Bitcoin till date, Bitcoin isn't physical, it has no particular number printed on each Bitcoin, they are just in numbers, and there is no way to know if Joe's Bitcoin years ago is the same Bitcoin I bought off-exchange and laying in my wallet right now.
Decentralized is enough to piss the government off Bitcoin.
Come to think of it
Bitcoin is the most reliable digital currency that everything in the world today should move closer to, but the greediness and power in men won't let them.
They can't control it, and that's why they hate it.
Being decentralized is a part why the government should embrace Bitcoin in the world today, it's the only digital currency that can bring peace if allowed as a means of payment around the country.
Instead the Banks are getting in relations with Chainlink and XRP, something that's built centralized and imagine many countries start using these centralized coins and the same FTX shit happens, how will that go? Not good right?
If Bitcoin take that place instead it will be a smooth breeze, the government will have peace themselves, there will be no betrayer of sort because no one have power or control over Bitcoin.
To me Bitcoin just fits in the gap more than any others, oh but the heart of men anyway.
Bitcoin is the most reliable digital currency that everything in the world today should move closer to, but the greediness and power in men won't let them.
They can't control it, and that's why they hate it.
Being decentralized is a part why the government should embrace Bitcoin in the world today, it's the only digital currency that can bring peace if allowed as a means of payment around the country.
Instead the Banks are getting in relations with Chainlink and XRP, something that's built centralized and imagine many countries start using these centralized coins and the same FTX shit happens, how will that go? Not good right?
If Bitcoin take that place instead it will be a smooth breeze, the government will have peace themselves, there will be no betrayer of sort because no one have power or control over Bitcoin.
To me Bitcoin just fits in the gap more than any others, oh but the heart of men anyway.
Bitcoin fits in more but I really wish it can process more transactions than the current limitations, it's ducks I wouldn't lie about that but of course, security, safety and decentralization made it that way, more transactions means you will have to give up the rest, otherwise bitcoin will stand the chance than most of this altcoins that are making noise that want the change or support the government financial system and the rest; just think about about it thag if bitcoin in real time could process 1M/seconds, you really think there will be altcoins to boast of new creativity, they Wil always die at the point of launch. Even at this, known of them still survive the mission and mission of making that collaboration fully.
Bitcoin fits more but rejection will keep coming from.the different angles when it comes to adoption facilitation, look at what US is doing to ETF and the rest even when we know that the guys that are call or the ETF are doing so for their own profits. The government will not approved what they don't like and what they can't control, that's just it.
Unfortunately it's also a bit about people not adjusting to new technologies all that easily. You can't accept the whole world accepting newer technologies that quickly like my father in law is still having some trouble with mobile phones and that should be the important thing, we can't really talk about how it would make sense in the short term but it could work on the long term with more time. When the whole world is capable of using it, then it will be just about preference and when that happens there will be more people using it, but right now its not just about preference, there are people who do not know how to use credit cards, bitcoin is way out of their capabilities.
First off, Bitcoin won't give governments of the world peace or put an end to betrayal. How exactly is Bitcoin going to do that?
Nobody has control or power over Bitcoin, but it can be regulated and it can be manipulated. Bitcoin is not immune to everything.
The government is like the master of centralized bodies, accept while Bitcoin, is like the master of decentralized bodies, so you see that there is no way that they can work together.
The government works with control. They control almost everything. It may not be directly, but they control it one way or the other, so the government not being able to control something as big as Bitcoin is a heavy blow to them, so they fight it instead.
I have resolved within me that the government would never openly accept Bitcoin, and I'm at peace with that.
What you say is true, apart from talking about centralist and decentralist principles of management, you also need to see that it is indeed difficult to manage price volatility in bitcoin, which is seasonal, which makes it difficult to find a one to one value, the problem is that, but if there is a definite benchmark in my opinion this can be a good alternative, the second thing that needs to be seen if the whole country adopts bitcoin massively, and of course what happens is that transactions on the bitcoin network will be very busy which makes gas fees more expensive and takes a long time, This also needs to be seen for time efficiency.CMIIW Nobody has control or power over Bitcoin, but it can be regulated and it can be manipulated. Bitcoin is not immune to everything.
The government is like the master of centralized bodies, accept while Bitcoin, is like the master of decentralized bodies, so you see that there is no way that they can work together.
The government works with control. They control almost everything. It may not be directly, but they control it one way or the other, so the government not being able to control something as big as Bitcoin is a heavy blow to them, so they fight it instead.
I have resolved within me that the government would never openly accept Bitcoin, and I'm at peace with that.
Being decentralized is a part why the government should embrace Bitcoin in the world today, it's the only digital currency that can bring peace if allowed as a means of payment around the country.
Or maybe you wanted to out it this way that because of being decentralized is one of the reasons governments won't adopt bitcoin for use, these people you see in government authorities actually likes bitcoin but they don't want it to take away every possible means which they use in extorting from the government pause and the people at large if a decentralized network is established, everyone will be independently handling their profile.
First off, Bitcoin won't give governments of the world peace or put an end to betrayal. How exactly is Bitcoin going to do that?
Nobody has control or power over Bitcoin, but it can be regulated and it can be manipulated. Bitcoin is not immune to everything.
The government is like the master of centralized bodies, accept while Bitcoin, is like the master of decentralized bodies, so you see that there is no way that they can work together.
The government works with control. They control almost everything. It may not be directly, but they control it one way or the other, so the government not being able to control something as big as Bitcoin is a heavy blow to them, so they fight it instead.
I have resolved within me that the government would never openly accept Bitcoin, and I'm at peace with that.
Nobody has control or power over Bitcoin, but it can be regulated and it can be manipulated. Bitcoin is not immune to everything.
The government is like the master of centralized bodies, accept while Bitcoin, is like the master of decentralized bodies, so you see that there is no way that they can work together.
The government works with control. They control almost everything. It may not be directly, but they control it one way or the other, so the government not being able to control something as big as Bitcoin is a heavy blow to them, so they fight it instead.
I have resolved within me that the government would never openly accept Bitcoin, and I'm at peace with that.
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