Topic: Honestly, Bitcoin fits in this gap more than others. - page 4. (Read 509 times)

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.

I'd say your whole topic is painting an incomplete picture because you are not focusing on all the aspects.
It's true that bitcoin is the only decentralized censorship resistant currency in the world and has a high level of security and these things make it very reliable. But also there is a downside which is the volatile price, even though it doesn't make it unreliable but it is something to keep in mind. Which means it is not only "greed" and "power" that prevents bitcoin's adoption. There are other reasons too like the volatility.

First the economy has to change. Right now it is designed to work in a centralized way.
Look around the world and see what is going on.

For example in United States, ever since a year+ ago when the energy prices started to rise and caused inflation in US, the regime started battling it with increasing interest rates. But over the long run that means recession and at the same time the regime has to pay higher interest to US debt bagholders. They don't have nearly enough money to pay it (almost a trillion dollar), so the US economy either has to fail then and there or they have to print that much (remember the debt ceiling battle). Obviously the printed that much and dumped it on the market.
If they were using bitcoin, this would have been impossible.

What I mean by "economy has to change" is that you first have to give an alternative to what would the government do in the same situation where they can't control the energy price and it is causing inflation in the country that uses bitcoin. Or what would they do in a case like COVID19 pandemic when the economy is shut down and they have to print money to artificially revive it?
They can't print bitcoin out of thin air to artificially keep their economy alive, so what is your suggestion for that?

Not good, but the government can easily escape against that.

Just like how many stock companies went to bankrupt and get delisted by the stock exchange, the government didn't get blamed even though there are many people lose their money they invested in those stock company.

The key of centralization is they have a control, able to freeze an address, given a way to audit the internal, etc that which they say to combat against money laundering.

This is like a Hype assessment for example. They will ban accounts related to Bitcoin, and freeze their balances and if I look at this it is only for a while and but in the long term I think they (countries) will move forward and change something in global trade in the future .

That's right, as you stated above We will go through a lot of bubbles over the next few years as these currencies become more widely understood, used, and adopted. Yes. no one has power or control over Bitcoin.

Maybe because having no control is what governments wouldn't want? 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? I don't know — I'm not some politics and/or macro economics expert, but this is a pretty safe assumption I think.

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.