When a decentralized thing gets under the control of centralized platforms or entities, then the decentralized thing becomes centralized in a way. So if the government gets its hands on people's Bitcoin, then it won't stay as decentralized as it should be when you are the one controlling your own assets. If you think of it the way it is, then choosing any other altcoins won't make that much of a difference. But the security that comes with Bitcoin is no match with those other altcoins.
If you think of it this way, then Bitcoin is the best choice hands down. But in a twisted kinda way, it doesn't really matter tho. Because the government will have control over those coins anyway.
Topic: Honestly, Bitcoin fits in this gap more than others. - page 3. (Read 509 times)
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.
Secondly Bitcoin would not be able to bring world peace infact it's not part of the primary aims of Bitcoin, Bitcoin is a solution to several financial system issues but not a general answer to the general world issues.
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.
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.
Will there ever be complete peace, I doubt it. There will always be challenges with every decision taken even if bitcoins become accepted by the government for use, there will be new problems for them to face since they will not be able to control it. There will always be people who will want to take advantage of the uncontrolled nature of bitcoins and use it to their criminal benefits. That to me remains one of the things the government continues to fear about accepting bitcoins. Governments and Banks will never use Bitcoin, because they need to manipulate and control it.. for them to support it. Take a moment and think about the control they have over your wealth....
1. They can block your account anytime they want.
2. They can see your balance and all the transactions you made.
3. They can block transactions to certain organizations. (Wikileaks... BackPage)
4. They can report all this information to the government, in turn for unlimited bailouts when they fail.
5. They can help governments to implement economic sanctions against whole countries. (SWIFT payments)
Why would they sacrifice all of that control to support something like Bitcoin, where they have none of that?
1. They can block your account anytime they want.
2. They can see your balance and all the transactions you made.
3. They can block transactions to certain organizations. (Wikileaks... BackPage)
4. They can report all this information to the government, in turn for unlimited bailouts when they fail.
5. They can help governments to implement economic sanctions against whole countries. (SWIFT payments)
Why would they sacrifice all of that control to support something like Bitcoin, where they have none of that?
They can not stop the adoption as well. You can hide your track online and there are certain ways to do that. They can not control it either so what they will do? They will probably use a 3rd party service controlled by them and if you want to use your Bitcoin to pay bills or use services you need to go through that 3rd party entity where you need to do KYC. We have seen how big exchanges are implementing mandatory KYC policies. Most people will happily accept it because they invested in Bitcoin for money and want to use that money legally. So the government will provide a legal framework and try to wrap up a decentralized system with a centralized one.
In fact, Bitcoin's decentralisation has been both its biggest strength and the main reason why people have been against it. Because it gives institutions no control, it makes them feel alone, especially those with power. But it's this lack of control does change everything
In the world of digital currency, decentralisation is really the same thing as democratisation. But it's important to keep an eye out. Even though Chainlink and XRP are centralised choices, it is important to look at the whole ecosystem. Bitcoin main stream integration is what we dreaming for, but it takes everyone to agree (or perhaps 75%), have strategic foresight, and be willing to give up control. Even though people's hearts are complicated, Bitcoin's philosophy is simple: decentralisation
In the world of digital currency, decentralisation is really the same thing as democratisation. But it's important to keep an eye out. Even though Chainlink and XRP are centralised choices, it is important to look at the whole ecosystem. Bitcoin main stream integration is what we dreaming for, but it takes everyone to agree (or perhaps 75%), have strategic foresight, and be willing to give up control. Even though people's hearts are complicated, Bitcoin's philosophy is simple: decentralisation
You have to realize that the immutable nature of Bitcoin is perceived as bad by some people, so they won't call it reliable, the reason it can't be controlled also counts. It is way more than a simple of greed and power why they won't adopt bitcoin, you can not simplify into merely both of these two things.
In regard to it bringing peace, I believe it is an absurd take. Bitcoin did not offer and promises it, and certainly, peace might not come only for economic reason. Due to the nature of bitcoin, forcing the government, a centralized body that has its own interest, to adopt bitcoin massively would rather make bitcoin prone to be manipulated in some scales.
In regard to it bringing peace, I believe it is an absurd take. Bitcoin did not offer and promises it, and certainly, peace might not come only for economic reason. Due to the nature of bitcoin, forcing the government, a centralized body that has its own interest, to adopt bitcoin massively would rather make bitcoin prone to be manipulated in some scales.
They can't control it, and that's why they hate it.
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?
-snip-
I try to continue this point.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?
-snip-
Because it is difficult to control like fiat currency, this is the real reason the government doesn't want bitcoin, in fact they explicitly oppose bitcoin.
There are many other obstacles that make them look at bitcoin from a disadvantage point of view instead of looking at bitcoin from the point of view of the advantages contained in bitcoin.
The classic reason, they consider bitcoin to be too volatile in price but they are aware that there are enormous benefits behind the blockchain system, especially in various industrial companies operating under their licenses.
The reason they use a centralized system is to make it easier for them to control inflows and outflows like fiat currency.
We still support bitcoin as the best financial system even though they don't admit it and we still try to convey the truth about the advantages and uses of bitcoin.
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.
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.
Because people and institutions don't adopt BTC doesn't make them greedy, stupid, power-hungry, evil, outcasts, etc, it is their choice to either adopt BTC or not, Satoshi never designed the network to be imposed on others.They can't control it, and that's why they hate it.
It may be one of their reasons, or they don't see any need to adopt it, or it won't be of any economic benefit to them, or they don't want to be affected by volatility. I noticed that most people are only calling for adoption because of they want the coins in their wallet to pump, so what do we call those 'bitcoiners'? One day they worry about not your keys, not your coins, the next day they are fully in support of Blackrock's spot etf application. What i am saying is we should allow others make their decision about BTC the way we do.it's the only digital currency that can bring peace if allowed as a means of payment around the country.
BTC is decentralized money, how is it supposed to bring of all things, peace? 
I am pro-Bitcoin, I agree that it's a reliable digital currency, and I also agree that some people may have a problem with being unable to control Bitcoin. But it seems to me that there's much more to it. Bitcoin is volatile, and it seems to go through phases of shorter bull markets and longer bear markets. It's very typical for Bitcoin to be worth less than 50% of its ATH value over long periods of time. Fiat can and sometimes does fail, but overall, there are ways to keep it pretty steady, ensuring that people have a good understanding of wages, prices, and other similar things because of the currency's stability. If a country's budget were fully in Bitcoin and then Bitcoin lost 50% of value, that would be a catastrophe for funding all the necessary operations. So at this rate, I think there are good reasons to not fully embrace Bitcoin, especially if we're talking about replacing fiat with it. Not to mention that the scalability of Bitcoin isn't great, and a big surge in transactions is likely to spike the fees very high.
So with Bitcoin it's impossible to combat against money laundering? Cash is not traceable but Bitcoin is traceable.
It's decentralized and open source, there is no way anyone can move funds with Bitcoin without been visible on the Blockchain, is that not why the government are going after Mixer services and other? I believe these people understands better.
The problem is not been in control, the problem is unable to print more Bitcoin for themselves like how they do with money.
That's the definition of their own control.
The governments are not buying the idea of bitcoin being limited in circulation, decentralized, and transparent due to the fact that they cannot secretly steal funds that other people will not see unless they use mixers that they are kicking against, claiming they encourage money laundering. Moreover, their inability to control bitcoin transactions and know the original owner of each wallet is a problem for them, which is why they will keep on using their fiat monetary system. It's decentralized and open source, there is no way anyone can move funds with Bitcoin without been visible on the Blockchain, is that not why the government are going after Mixer services and other? I believe these people understands better.
The problem is not been in control, the problem is unable to print more Bitcoin for themselves like how they do with money.
That's the definition of their own control.
Governments and Banks will never use Bitcoin, because they need to manipulate and control it.. for them to support it. Take a moment and think about the control they have over your wealth....
1. They can block your account anytime they want.
2. They can see your balance and all the transactions you made.
3. They can block transactions to certain organizations. (Wikileaks... BackPage)
4. They can report all this information to the government, in turn for unlimited bailouts when they fail.
5. They can help governments to implement economic sanctions against whole countries. (SWIFT payments)
Why would they sacrifice all of that control to support something like Bitcoin, where they have none of that?
1. They can block your account anytime they want.
2. They can see your balance and all the transactions you made.
3. They can block transactions to certain organizations. (Wikileaks... BackPage)
4. They can report all this information to the government, in turn for unlimited bailouts when they fail.
5. They can help governments to implement economic sanctions against whole countries. (SWIFT payments)
Why would they sacrifice all of that control to support something like Bitcoin, where they have none of that?
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.
It's obvious that they don't want to relinquished power to the people, but we all know that it's hard to stop bitcoin. Maybe in the next 10-20 years, Bitcoin could really be universally accepted by governments.
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.
Not really sure what you mean by peace, and I think this is the wrong mindset for Bitcoin though. It is not a magic bean that can solved every human problems that we have.
So it's going to be a big in the future though, our ecosystem will remain no matter what kind of regulations government are going to imposed. They really have to accept it.
You have stated it yourself, governments can't control it. Now, why would they submit themselves to adopting something they have no control over? It will cause a massive problem for them and will go against what the government is supposed to do, maintain control. Now, this is where I fail to see how Bitcoin will bring peace to us, it's a currency, and it will not end war or any massive differences that cause many problems between various nations. Look, here is the reality, Bitcoin is not perfect and it will not solve half of the economic problem the world is facing. It is a good investment, better than some currencies, but not perfect, and the truth it the majority of countries in the world will never legalize it.
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.
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.
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.
Efforts to recover the economy after experiencing serious problems must be included in the overall assessment aspect. In this context I am not blaming the government even though I am not a politician who has advantages in the economic sector and am not saying that what you are saying is wrong.Getting out of a difficult phase is not an easy job. Because the volatility of the high Bitcoin price cannot be used as a solution to accelerate towards a stable economic phase.
Bitcoin also cannot be multiplied if they want to make Bitcoin a solution, but a recognized legitimate currency can pass rules and new agreements with a clear intention as an alternative.
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 decentralization is what the government have wanted, they would've accepted bitcoin a long time ago don't you think. Decentralization also meant that you're going to relinquish control because it's up to the people that's in the ecosystem to decide how the system will thrive.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.
You are too naive and idealistic to talk about politics, politics has a lot of betrayals and conspiracy so it's not that easy to do what you're wishing would happen if bitcoin becomes a part of government or is accepted by the government.To me Bitcoin just fits in the gap more than any others, oh but the heart of men anyway.
Exactly how it fits though? And what gap exactly?And that they'd rather fight to gain control(especially for bigger players like the US, Russia, and China) rather than give up control entirely?
More like maintain rather than gain control, the population's already docile and most of the people already following the rules that they've set so I don't know about gaining, maybe improving their control. 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 cannot bring peace even if it is the world's 1 reserve currency.
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?
The opposite is true, Chainlink and XRP are looking for banks to give investors a false sense that their money is safe.
The investors themselves are looking for profit, even if it is from the banks themselves, and if the banks give them an APY of 50%, no one will invest in altcoins.
To me Bitcoin just fits in the gap more than any others, oh but the heart of men anyway.
Bitcoin is an option that enables you to bypass the need to trust a third party to transfer your money and enables you to send money to anyone in the world with very low fees and in much less time than traditional bank transfers.
Are you saying it is reliable because it has the highest value or the actual use case of it? Because we all know that there are coins that would do a better job with some of the features compared to BTC.
So the value you see in BTC is that no one is able to control it, unlike the others?
I'm kinda of seeing less sense in this because there's a consensus with other coins that probably makes the coin somewhat decentralized in terms of decisions etc. Shouldn't it be the same?
So the value you see in BTC is that no one is able to control it, unlike the others?
I'm kinda of seeing less sense in this because there's a consensus with other coins that probably makes the coin somewhat decentralized in terms of decisions etc. Shouldn't it be the same?
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