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You’d think that intelligent governments would embrace Bitcoin.
You’d think that, rather than fight an obvious technological trend, they would encourage the banks and monetary policymakers to integrate Bitcoin’s concepts into the financial system in order to become more competitive and innovative.
But that’s not what happens.
You’d think that, rather than fight an obvious technological trend, they would encourage the banks and monetary policymakers to integrate Bitcoin’s concepts into the financial system in order to become more competitive and innovative.
But that’s not what happens.
Of course not!
Government is only intelligent when it comes to preserving its own power. It's a myth that government officials are working for the greater public good. The people in charge will do everything to preserve the status quo, because they are greatly rewarded by it. If working for the whole society helps in that regard, officials will be willing to do that, too.
However that is not the case for Bitcoin. Bitcoin challenges the status quo. Many powerful people have a lot to loose. They will try to do everything to prevent Bitcoin from being successful. We as a community must be aware that these people will use the full spectrum of manipulation, intrigue and oppression to defend their privileged position.
ya.ya.yo!
