It appears that governments love blockchain technology but hate Bitcoin itself, as well as other “crypto-anarchic” digital currencies. Some governments are reacting in a panic because they are starting to realize that they can’t stop Bitcoin from becoming an alternative to their monopoly on currency, both as a means of exchange and a store of value. Centralized cryptocurrency exchanges are especially vulnerable, and other governments could follow China.
Atomic swaps are the first sign in a new wave of decentralization. It is going to be interesting to see how the trend develops, since for larger and more complex transactions with fiat currencies, LocalBitcoins and established exchanges are still the place to be.
“The panic has to set in at some point,” argued Beams. “But it will do so at different times for different governments, and will produce a range of responses from them when it does.
Beams suggested that the only way to really stop decentralized crypto-fiat exchanges would be to outlaw Bitcoin trading altogether.
However, he thinks that this sort of heavy-handed attack seems unlikely to be attempted in the U.S. or Europe because there are just too many vested interests in Bitcoin now. It’s more likely that the authorities will continue to insist on KYC, tolerate compliant centralized exchanges and demonize the decentralized ones.
“With all that having been said, I’m actually optimistic,” concluded Beams. “Attacks by state actors — real and threatened — are making every part of this ecosystem stronger. Bitcoin has proven itself anti-fragile as hell thus far, and by the time all the battles have been waged, what will emerge on the other side are alternatives to existing financial institutions — money, banks, exchanges and all the rest — that are actually better in every way than their traditional counterparts.
https://bitcoinmagazine.com/articles/how-decentralized-exchanges-make-bitcoin-more-resilient-and-us-more-free/The thing is, once you separate Bitcoin from Blockchain, then you are left with either a private database or an unsecure database.
There are thousands of cryptos and maybe less than a couple of secure decentralized blockchains out there.
All else;
BLOCKCHAINS without bitcoin = another unsecure or private database which any small business (even coffeeshops) have which carry little value
BITCOIN BLOCKCHAIN = IMMUTABLE OPEN-SOURCE DECENTRALIZED GLOBALLY DISTRIBUTED VALUABLE SECURE (scarce supply of bitcoin)
Banks, shills, conartists are the backers of "Blockchain" without bitcoin.
Bitcoin became unstoppable since 2013. Bitcoin is growing immensely despite all big banks in every country starting a war 4-years ago on bitcoin in 2013 (all supervisors and tellers have been told to reject transactions relating to bitcoin
if they are told about it but the easy way around this for everyone in the world was simply keep quiet and buy/sell transactions but never say "bitcoin".)
Amazing to see global trade growth on localbitcoins as well (scroll down to see all the individual countries:
https://coin.dance/volume/localbitcoins
