I will answer to OP. The dollar is a steady currency. Seriously now, how many times have you seen goverment bans the dollar? 0 times?
I'm new at cryptocurrencies, and I can admit they are too interesting, but they are not steady. If you have 1000BTC, the next day you may have loss a fortune. Why shouldn't I want the steady dollar that everyone wants it? Why should I care that goverment owns it?
The thing that bitcoin is not owned by anyone, is truly amazing tho.
I think the paper USD has bankrupted 3 times, since 1776, and the paper money has changed many times.
Try to cash a confederate Dollar?
It's paper-money, in all human history, average life span of 45 years.
GOV doen't ban, they just make worthless, since 1913 the USD is down 99% in purchasing power.
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Why care? Because our GOV doesn't represent the people, the GOV is owned by corporations, todays USA is fascism, if you allow the GOV to know what you have, somebody from some agency will come and steal what you have, the entire world operates this way
Hell the cop high-way robbers have name "civil asset forfeiture"
You withdraw big cash from bank, drive home, cop stops you takes your cash, you never see it again, cops get to spend all at xmas party.
The person who knows the private-key for a high-value address is the owner, your last statement shows you need to own & learn about crypto.The sad thing is most people who buy crypto, don't know that if they don't hold the private key, they don't own it, and IRS-COINBASE prefers to give you an address, and same for nicehash, and all the other scammers runnng the system
depending on the person. but I can understand why people prefer and are comfortable investing in government control.
There are several reasons for that, one of which is that there are still many countries that oppose the existence of bitcoin so that knowledge of bitcoin is reduced and it is very taboo in countries that oppose bitcoin. with their lack of knowledge about bitcoin automatically they will be reluctant and rethink.
the second is that they have been following the investment for a long time. It would be a pity if we had made long-term investments after that it was just dismissed. because most investments controlled by the government are long-term investments
I can only think of unstable country's like Venezuela with hyper-inflation, and there not being an easy cheap way to hold gold. Just like in USA
In ASIA there are gold shops on every corner, every household owns gold, China tinkered with paper money 2,000 years ago and learned it can become worthless overnight, every child in ASIA is taught this, the gov encourages people to own gold.
In the west GOV discourages gold ownership, because the GOV sees citizens as debt-slaves and the corporations want debt-slaves, not free men.
So in a crisis there is no easy way to protect cash, because there is no gold to trade, only worthless paper, this is what happened in Weimar Germany 1918-1921
Much of the selling point of crypto in the west is 'virtual gold', the fools don't realize it can be gone in the morning, sold in ASIA the night before, cashed out for gold.
[moderator's note: consecutive posts merged]