Honestly, Bitcoin fits in this gap more than others. - page 2.

isaac_clarke22

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Quote from: Z390 on September 02, 2023, 11:27:27 PM

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It's not just that they hate it. They can't also afford it. I can imagine some government agencies buying some Bitcoin behind the scene even if the whole country put Bitcoin under lock down like banned. Sadly government ain't going to let any stuffs under their radar come through without them noticing.

Once the government found out that majority of their people are transacting under the radar, it's likely if not really highly likely that they're just going to try to regulate or worse, ban it.

uchegod-21

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Quote from: Z390 on September 02, 2023, 11:27:27 PM

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.

In as much as we know that Bitcoin has numerous benefits, overhyping it's another thing all together. Betrayal lies in the heart of man, bitcoin or no bitcoin. The government of any country has one form of challenge or the other they are faced with, legalising Bitcoin in a country is not a guarantee for peace and smooth running of government.
The decentralization of bitcoin is beneficial because it removes third party interference in our private financial life, thereby giving us easy access to our funds.
Indeed, bitcoin fits the gap but we should hype it carefully.

bettercrypto

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Quote from: Z390 on September 02, 2023, 11:27:27 PM

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.

I disagree with what XRP or Ripple did in forming a partnership with a regulated company. But I agree with what you mentioned about Bitcoin being a decentralized system. And perhaps that's one of the key explanations for why other nations are starting to accept Bitcoin and other forms of digital currency.

Nevertheless, the vast majority of nations continue to be closed and opposed. However, I am confident that they will come to embrace it in the future.

fuguebtc

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Quote from: davis196 on September 04, 2023, 12:45:32 AM

Quote

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.

Well, it's theoretically possible for the governments and central banks to control Bitcoin. They could simply buy more mining equipment and/or buy more BTC and manipulate the price. The only reason they don't do it is because it's expensive and kinda meaningless.
I don't know about Bitcoin (or any digital currency) bringing peace. No currency in the world could "bring peace".
If one Bitcoin would cost more tomorrow than it costs today, then what's the point of spending your precious BTC for goods and services?
If Bitcoin was so awesome, then why every business in the world hasn't adopted it yet?

Bitcoin is great, but we don't need to sanctify it or exaggerate it as a panacea for our world. After many misconceptions that bitcoin can alleviate poverty, bitcoin can create jobs and reduce unemployment if the government accepts it. Now that we have the concept of bitcoin bringing peace, there is so much unnecessary exaggeration about bitcoin, LOL. You're right, if bitcoin is truly as magical as a god, why aren't more people using or adopting it yet?

Crypt0Gore

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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.

davis196

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Quote

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.

Well, it's theoretically possible for the governments and central banks to control Bitcoin. They could simply buy more mining equipment and/or buy more BTC and manipulate the price. The only reason they don't do it is because it's expensive and kinda meaningless.
I don't know about Bitcoin (or any digital currency) bringing peace. No currency in the world could "bring peace".
If one Bitcoin would cost more tomorrow than it costs today, then what's the point of spending your precious BTC for goods and services?
If Bitcoin was so awesome, then why every business in the world hasn't adopted it yet?

yhiaali3

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Quote from: Z390 on September 02, 2023, 11:27:27 PM

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.

Decentralization is the main reason why governments hate Bitcoin and refuse to embrace it. The government cannot accept anything decentralized.

They want to control everything and monitor everything, so they can stay superior to everyone. They want to impose bans when they want and freeze funds and accounts that violate their imposed laws. This all needs centralization.

In addition, if the government adopts Bitcoin, they will not be able to print more banknotes. All governments print more banknotes whenever they have a deficit. This is impossible with Bitcoin.

LDL

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Quote from: Z390 on September 02, 2023, 11:27:27 PM

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.

As Bitcoin is a fully decentralized currency where no organization or group or any single individual has control over Bitcoin. A centralized currency would certainly be fully controlled by the country's government or central bank, which has already had negative experiences with various centralized currencies and centralized exchanges being hacked.
Bitcoin can certainly fill the gap between centralization and decentralization. If Bitcoin is recognized as a single medium of exchange around the world and used as a global reserve currency, then Bitcoin can solve the problems of centralizing exchanges and currencies.

Don Pedro Dinero

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Quote from: Viscore on September 03, 2023, 01:51:01 PM

Unfortunately, the government wants to control everything, one thing that they can’t do with bitcoin, that’s why they prefer to adopt centralized cryptocurrency and control it as long as they want. But on the eyes of crypto enthusiasts, bitcoin fits more, more than any other crypto. It’s just that bitcoin is a total opposite of fiat, that it’s better to ban or regulate it than to adopt it as an alternative payment for fiat.

I think governments realised some time ago that it is better to regulate it than to ban it. It has become too big and they can't stop it. However, with regulations implementing more and more KYC they can have some control of what is going on.

With the odd exception like Bukele and some presidential candidates we see out there, in general politicians are not interested in bitcoin as their currency, because they can't print it on demand, and here I think the OP is wrong with his idealistic view.

SquirrelJulietGarden

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Quote from: hatshepsut93 on September 03, 2023, 06:19:21 PM

Are banks integrating altcoins into their service, or are they try to use those blockchain solutions for their infrastructure? And is there really any activity, or are those just public statements and plans? And how many banks are involved? Because I personally never encountered a bank that is in any way partnered with a crypto project.

They will use blockchain technology to build their CBDCs with completely centralization. Their CBDCs will never be open source or decentralized.

Quote

The bank that I use recently replied to questions if they would add BTC. They said no because they don't want problems with the central banks, and because Bitcoin is unstable which might negatively reflect on their business.

Banks have to follow regulations for their governments and central banks so that they have to take into account many factors before adding Bitcoin or alternate cryptocurrencies into their services for customers. Even if they add those cryptocurrencies to their bank services, it is very vulnerable to be removed later by requests from governments and central banks.

hatshepsut93

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Quote from: Z390 on September 02, 2023, 11:27:27 PM

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.

Are banks integrating altcoins into their service, or are they try to use those blockchain solutions for their infrastructure? And is there really any activity, or are those just public statements and plans? And how many banks are involved? Because I personally never encountered a bank that is in any way partnered with a crypto project.

The bank that I use recently replied to questions if they would add BTC. They said no because they don't want problems with the central banks, and because Bitcoin is unstable which might negatively reflect on their business.

_BlackStar

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Have you ever used a centralized exchange service that is completely regulated by the government?
If YES - then you should realize that the government has treated the users of these services so badly that you should tell them where your funds come from and where you spend them. You are also expected to tell them where you live so that you never escape their sight.

Governments want complete control of bitcoin - but so far they haven't been able to. They can only control bitcoin users - and that's because these users use centralized services. The rest of the government issued regulations that bitcoin is not legal currency by law - so as a user you will still have to obey the rules if you don't want to break the law.

Ojima-ojo

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When we talk about control and usability this arentwo different things, and what the government seek after is the control of the asset and since that is not possible their do all that their could to castigate and propergate against Bitcoin wider adoption.

One of the major set back for most countries that seeck to control Bitcoin can traced to butcoin decentralized nature,and this have created alot of panic for most countries around the world knowing fully well that they lack the ability to control Bitcoin.

lalabotax

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Quote from: Z390 on September 02, 2023, 11:27:27 PM

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 fact that there are certain parties who always oppose and do not like Bitcoin because there are certain things or interests, of course this has more to do with not only the power to control but also with business (money). Because they can't control it, they think that they can't control Bitcoin and its users, which over time could harm their business. Even though not all things related to banks or governments also hate Bitcoin, even individually they might actually be interested in or even do business in Bitcoin.

And this will continue as long as there are certain absolute interests and do not want to be harmed. So, let's just focus on developing mass adoption of Bitcoin globally, not focusing or not being influenced by whatever FUD they continuously spread, and also always staying positive with various considerations. Because at any time there will definitely be those who don't like Bitcoin and will always doing various ways to bring down Bitcoin.

Mr.suevie

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Bitcoin adoption is something that has baffled the world on wether actually it's will be recognized fully by the world powers or actually they will just have to hate on it but with what el Salvador has done with bitcoin, I think it's pretty clear that everyone and every nation can also do the same. Although most government hate on bitcoin because of the inability for them to actually control it but I think other reason are also in place because anything that has a good side must surely have it downs too.

MFahad

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If government accepted bitcoin all over the world then may be there occurs some changes in bitcoin nature like that it may be possible that bitcoin will be under the control of government so its decentralized nature will be altered in centralized one.

So due to alterations I think there will be no such larger number of bitcoin investors because most of the people chooses bitcoin only for decentralized character. If government have the power to control bitcoin then there will be one benefit that people will stop the use of bitcoin in illegal activities.

Cryptomultiplier

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Let's not quite conclude that those that don't allow BTC or can't control it, hate it. The question is if they understand it well and how to apply it positively.
More countries are getting around the BTC/cryptocurrencies idea as we see Great Britain, China, El Salvador, Mexico, Singapore and some other countries adopting it or in the process or partially, to facilitate transaction, Payments and trades.

BTC is at the forefront as more stable, more reliant and to some degree one can even guess how the market movement would be. It sure fits in the gap more than others for those with long term investment vision plan or saving plan.

mendace

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You cannot think that a government uses Bitcoin freely and still less that a bank can do business with Bitcoin. A nation with its own currency will hardly allow Bitcoin to become the state currency (in fact, El Salvador no longer has its own currency for some time and is anchored to the dollar which enslaves it) because if you don't have the power to be able to print it indefinitely, it has no sense to adopt Bitcoin.

kentrolla

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Yes they (government and banks) wants to control everything that's why they initially discouraged users on using Bitcoin and threatened with consequences of using Bitcoin and when they realised that they cannot stop users from adopting bitcoin they created centralized coins like Ripple and indirectly supported centralized exchanges as a result we dumped decentralised exchanges for better UI and ended up into their trap and now government is taxing the trade on centralized exchanges and we are forced to do KYC and this handing over control to regulators.

Japinat

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Quote from: aoluain on September 03, 2023, 03:41:39 AM

Quote from: Z390 on September 02, 2023, 11:27:27 PM

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.

The greediness of men is bringing them closer to Bitcoin, look at the ETF scenario which
is ongoing, there is a demand for institutional investors to get into Bitcoin ^{but not directly}

While governments and central banks might still be negative and at best skeptical
of it I think there are very wealthy, successful and influential people who want to
invest in Bitcoin and thats because of what Bitcoin offers. The decentralised element of Bitcoin
is not an issue for these investors but from banks and governments there outlook is less
favourable because of that decentralised aspect.

Absolutely. Greed is what makes you wanting more about bitcoin. The fact that bitcoin is highly valuable and profitable than any other investment tool, then people have no reason to avoid it but to seize every opportunity that bitcoin has to offer. However, government and centralized financial institutions are seeing the opposite way. Bitcoin can be a source of big scams and fraudulence, but these will only happen if people own and invest into bitcoin without proper caution. Bitcoin is a high-risk asset, so one should never deal with it unconsciously.

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