It's surprising to see people who benefit from Bitcoin in favour of its ban by governments, well that is pure hypocricy to me. I don't earn from jobs am not comfortable with no matter how high the pay may be. People just need to learn to be principled
Typically, people who demand others to be "principled" are the top-notch hypocrites themselves
There are few countries banned BTC and don't allow their citizens to use it mostly because of the effect on the local currency in exchange for an international one (BTC), Therefore will result in their currency seeing it's actual value compared to other currencies compared to BTC.
This is a major problem in countries, where the national currency is extremely volatile, such as Venezuela and Argentina. Normally, limits are there regarding the conversion of the national currency to other foreign currencies. But in case of Bitcoin, these limits can't be enforced in most cases, due to the transnational nature of BTC.
And this promotes an interesting inference
It is obvious that the governments of these countries are either completely incompetent or completely corrupted and rotten (or both of these options). Obviously, they can last long enough if they successfully manage to ban foreign currencies from circulation in their countries. Technically, this can be easily done by controlling banks and money transfers, i.e. prohibiting financial institutions from freely utilizing their foreign currency proceeds if there are any. But Bitcoin is certainly beyond government control, therefore it might heavily undermine such efforts and ultimately lead to government being overthrown (when the economy finally melts down entirely)
