Bitcoin Forum

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.

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.

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.

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.

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?

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.

Are you saying it is reliable because it has the highest value or the actual use case of it? Because we all know that there are coins that would do a better job with some of the features compared to BTC.

So the value you see in BTC is that no one is able to control it, unlike the others?

I'm kinda of seeing less sense in this because there's a consensus with other coins that probably makes the coin somewhat decentralized in terms of decisions etc. Shouldn't it be the same?

Bitcoin cannot bring peace even if it is the world's 1 reserve currency.




The opposite is true, Chainlink and XRP are looking for banks to give investors a false sense that their money is safe.
The investors themselves are looking for profit, even if it is from the banks themselves, and if the banks give them an APY of 50%, no one will invest in altcoins.



Bitcoin is an option that enables you to bypass the need to trust a third party to transfer your money and enables you to send money to anyone in the world with very low fees and in much less time than traditional bank transfers.

If decentralization is what the government have wanted, they would've accepted bitcoin a long time ago don't you think. Decentralization also meant that you're going to relinquish control because it's up to the people that's in the ecosystem to decide how the system will thrive.
You are too naive and idealistic to talk about politics, politics has a lot of betrayals and conspiracy so it's not that easy to do what you're wishing would happen if bitcoin becomes a part of government or is accepted by the government.
Exactly how it fits though? And what gap exactly?
More like maintain rather than gain control, the population's already docile and most of the people already following the rules that they've set so I don't know about gaining, maybe improving their control.

Efforts to recover the economy after experiencing serious problems must be included in the overall assessment aspect. In this context I am not blaming the government even though I am not a politician who has advantages in the economic sector and am not saying that what you are saying is wrong.

Getting out of a difficult phase is not an easy job. Because the volatility of the high Bitcoin price cannot be used as a solution to accelerate towards a stable economic phase.
Bitcoin also cannot be multiplied if they want to make Bitcoin a solution, but a recognized legitimate currency can pass rules and new agreements with a clear intention as an alternative.

The greediness of men is bringing them closer to Bitcoin, look at the ETF scenario which
is ongoing, there is a demand for institutional investors to get into Bitcoin ^{but not directly}

While governments and central banks might still be negative and at best skeptical
of it I think there are very wealthy, successful and influential people who want to
invest in Bitcoin and thats because of what Bitcoin offers. The decentralised element of Bitcoin
is not an issue for these investors but from banks and governments there outlook is less
favourable because of that decentralised aspect.

You have stated it yourself, governments can't control it. Now, why would they submit themselves to adopting something they have no control over? It will cause a massive problem for them and will go against what the government is supposed to do, maintain control. Now, this is where I fail to see how Bitcoin will bring peace to us, it's a currency, and it will not end war or any massive differences that cause many problems between various nations. Look, here is the reality, Bitcoin is not perfect and it will not solve half of the economic problem the world is facing. It is a good investment, better than some currencies, but not perfect, and the truth it the majority of countries in the world will never legalize it.

It's obvious that they don't want to relinquished power to the people, but we all know that it's hard to stop bitcoin. Maybe in the next 10-20 years, Bitcoin could really be universally accepted by governments.


Not really sure what you mean by peace, and I think this is the wrong mindset for Bitcoin though. It is not a magic bean that can solved every human problems that we have.

So it's going to be a big in the future though, our ecosystem will remain no matter what kind of regulations government are going to imposed. They really have to accept it.

Governments and Banks will never use Bitcoin, because they need to manipulate and control it.. for them to support it. Take a moment and think about the control they have over your wealth....

1. They can block your account anytime they want.
2. They can see your balance and all the transactions you made.
3. They can block transactions to certain organizations. (Wikileaks... BackPage)
4. They can report all this information to the government, in turn for unlimited bailouts when they fail.
5. They can help governments to implement economic sanctions against whole countries. (SWIFT payments)

Why would they sacrifice all of that control to support something like Bitcoin, where they have none of that?

The governments are not buying the idea of bitcoin being limited in circulation, decentralized, and transparent due to the fact that they cannot secretly steal funds that other people will not see unless they use mixers that they are kicking against, claiming they encourage money laundering. Moreover, their inability to control bitcoin transactions and know the original owner of each wallet is a problem for them, which is why they will keep on using their fiat monetary system.

I am pro-Bitcoin, I agree that it's a reliable digital currency, and I also agree that some people may have a problem with being unable to control Bitcoin. But it seems to me that there's much more to it. Bitcoin is volatile, and it seems to go through phases of shorter bull markets and longer bear markets. It's very typical for Bitcoin to be worth less than 50% of its ATH value over long periods of time. Fiat can and sometimes does fail, but overall, there are ways to keep it pretty steady, ensuring that people have a good understanding of wages, prices, and other similar things because of the currency's stability. If a country's budget were fully in Bitcoin and then Bitcoin lost 50% of value, that would be a catastrophe for funding all the necessary operations. So at this rate, I think there are good reasons to not fully embrace Bitcoin, especially if we're talking about replacing fiat with it. Not to mention that the scalability of Bitcoin isn't great, and a big surge in transactions is likely to spike the fees very high.

Because people and institutions don't adopt BTC doesn't make them greedy, stupid, power-hungry, evil, outcasts, etc, it is their choice to either adopt BTC or not, Satoshi never designed the network to be imposed on others.
It may be one of their reasons, or they don't see any need to adopt it, or it won't be of any economic benefit to them, or they don't want to be affected by volatility. I noticed that most people are only calling for adoption because of they want the coins in their wallet to pump, so what do we call those 'bitcoiners'? One day they worry about not your keys, not your coins, the next day they are fully in support of Blackrock's spot etf application. What i am saying is we should allow others make their decision about BTC the way we do.
BTC is decentralized money, how is it supposed to bring of all things, peace?

Bitcoin might be a reliable currency for us users but if it's for the country or the government, they would see it as a threat due to it might surpass the fiat currencies that might affect the economy. And if they welcome Bitcoin for sure they would have a hard time to handle it since its "decentralized" they don't the power to control it and manipulate it unlike some currencies. I think being centralized by the bank its still a must for them to have trace and information for people especially to the one who's doing illegal sht. Cause if we were gonna use a decentralized system in the economy, for sure it would cause chaos as they don't have any rules and law that peoples follow.

I try to continue this point.

Because it is difficult to control like fiat currency, this is the real reason the government doesn't want bitcoin, in fact they explicitly oppose bitcoin.
There are many other obstacles that make them look at bitcoin from a disadvantage point of view instead of looking at bitcoin from the point of view of the advantages contained in bitcoin.

The classic reason, they consider bitcoin to be too volatile in price but they are aware that there are enormous benefits behind the blockchain system, especially in various industrial companies operating under their licenses.
The reason they use a centralized system is to make it easier for them to control inflows and outflows like fiat currency.

We still support bitcoin as the best financial system even though they don't admit it and we still try to convey the truth about the advantages and uses of bitcoin.

You have to realize that the immutable nature of Bitcoin is perceived as bad by some people, so they won't call it reliable, the reason it can't be controlled also counts. It is way more than a simple of greed and power why they won't adopt bitcoin, you can not simplify into merely both of these two things.

In regard to it bringing peace, I believe it is an absurd take. Bitcoin did not offer and promises it, and certainly, peace might not come only for economic reason. Due to the nature of bitcoin, forcing the government, a centralized body that has its own interest, to adopt bitcoin massively would rather make bitcoin prone to be manipulated in some scales.

In fact, Bitcoin's decentralisation has been both its biggest strength and the main reason why people have been against it. Because it gives institutions no control, it makes them feel alone, especially those with power. But it's this lack of control does change everything

In the world of digital currency, decentralisation is really the same thing as democratisation. But it's important to keep an eye out. Even though Chainlink and XRP are centralised choices, it is important to look at the whole ecosystem. Bitcoin main stream integration is what we dreaming for, but it takes everyone to agree (or perhaps 75%), have strategic foresight, and be willing to give up control. Even though people's hearts are complicated, Bitcoin's philosophy is simple: decentralisation

They can not stop the adoption as well. You can hide your track online and there are certain ways to do that. They can not control it either so what they will do? They will probably use a 3rd party service controlled by them and if you want to use your Bitcoin to pay bills or use services you need to go through that 3rd party entity where you need to do KYC. We have seen how big exchanges are implementing mandatory KYC policies. Most people will happily accept it because they invested in Bitcoin for money and want to use that money legally. So the government will provide a legal framework and try to wrap up a decentralized system with a centralized one.

Will there ever be complete peace, I doubt it. There will always be challenges with every decision taken even if bitcoins become accepted by the government for use, there will be new problems for them to face since they will not be able to control it. There will always be people who will want to take advantage of the uncontrolled nature of bitcoins and use it to their criminal benefits. That to me remains one of the things the government continues to fear about accepting bitcoins.

Unfortunately, the government wants to control everything, one thing that they can’t do with bitcoin, that’s why they prefer to adopt centralized cryptocurrency and control it as long as they want. But on the eyes of crypto enthusiasts, bitcoin fits more, more than any other crypto. It’s just that bitcoin is a total opposite of fiat, that it’s better to ban or regulate it than to adopt it as an alternative payment for fiat.

Firstly Bitcoin being decentralized is amongst the main reason why government is against Bitcoin, they government has strong holds of an individual finance if he is using the traditional financial system this has been the norm for a long time and now Bitcoin being decentralized has removed than slavery the government has held on citizens now that's why they seem to be against It.

Secondly Bitcoin would not be able to bring world peace infact it's not part of the primary aims of Bitcoin, Bitcoin is a solution to several financial system issues but not a general answer to the general world issues.

When a decentralized thing gets under the control of centralized platforms or entities, then the decentralized thing becomes centralized in a way. So if the government gets its hands on people's Bitcoin, then it won't stay as decentralized as it should be when you are the one controlling your own assets. If you think of it the way it is, then choosing any other altcoins won't make that much of a difference. But the security that comes with Bitcoin is no match with those other altcoins.
If you think of it this way, then Bitcoin is the best choice hands down. But in a twisted kinda way, it doesn't really matter tho. Because the government will have control over those coins anyway.

Absolutely. Greed is what makes you wanting more about bitcoin. The fact that bitcoin is highly valuable and profitable than any other investment tool, then people have no reason to avoid it but to seize every opportunity that bitcoin has to offer. However, government and centralized financial institutions are seeing the opposite way. Bitcoin can be a source of big scams and fraudulence, but these will only happen if people own and invest into bitcoin without proper caution. Bitcoin is a high-risk asset, so one should never deal with it unconsciously.

Yes they (government and banks) wants to control everything that's why they initially discouraged users on using Bitcoin and threatened with consequences of using Bitcoin and when they realised that they cannot stop users from adopting bitcoin they created centralized coins like Ripple and indirectly supported centralized exchanges as a result we dumped decentralised exchanges for better UI and ended up into their trap and now government is taxing the trade on centralized exchanges and we are forced to do KYC and this handing over control to regulators.

You cannot think that a government uses Bitcoin freely and still less that a bank can do business with Bitcoin.  A nation with its own currency will hardly allow Bitcoin to become the state currency (in fact, El Salvador no longer has its own currency for some time and is anchored to the dollar which enslaves it) because if you don't have the power to be able to print it indefinitely, it has no sense to adopt Bitcoin.

Let's not quite conclude that those that don't allow BTC or can't control it, hate it. The question is if they understand it well and how to apply it positively.
More countries are getting around the BTC/cryptocurrencies idea as we see Great Britain, China, El Salvador, Mexico, Singapore and some other countries adopting it or in the process or partially, to facilitate transaction, Payments and trades.

BTC is at the forefront as more stable, more reliant and to some degree one can even guess how the market movement would be. It sure fits in the gap more than others for those with long term investment vision plan or saving plan.

If government accepted bitcoin all over the world then may be there occurs some changes in bitcoin nature like that it may be possible that bitcoin will be under the control of government so its decentralized nature will be altered in centralized one.

So due to alterations I think there will be no such larger number of bitcoin investors because most of the people chooses bitcoin only for decentralized character. If government have the power to control bitcoin then there will be one benefit that people will stop the use of bitcoin in illegal activities.

Bitcoin adoption is something that has baffled the world on wether actually it's will be recognized fully by the world powers or actually they will just have to hate on it but with what el Salvador has done with bitcoin, I think it's pretty clear that everyone and every nation can also do the same. Although most government hate on bitcoin because of the inability for them to actually control it but I think other reason are also in place because anything that has a good side must surely have it downs too.

The fact that there are certain parties who always oppose and do not like Bitcoin because there are certain things or interests, of course this has more to do with not only the power to control but also with business (money). Because they can't control it, they think that they can't control Bitcoin and its users, which over time could harm their business. Even though not all things related to banks or governments also hate Bitcoin, even individually they might actually be interested in or even do business in Bitcoin.

And this will continue as long as there are certain absolute interests and do not want to be harmed. So, let's just focus on developing mass adoption of Bitcoin globally, not focusing or not being influenced by whatever FUD they continuously spread, and also always staying positive with various considerations. Because at any time there will definitely be those who don't like Bitcoin and will always doing various ways to bring down Bitcoin.

When we talk about control and usability this arentwo different things, and what the government seek after is the control of the asset and since that is not possible their do all that their could to castigate and propergate against Bitcoin wider adoption.


One of the major set back for most countries that seeck to control Bitcoin can traced to butcoin decentralized nature,and this have created alot of panic for most countries around the world knowing fully well that they lack the ability to control Bitcoin.

Have you ever used a centralized exchange service that is completely regulated by the government?
If YES - then you should realize that the government has treated the users of these services so badly that you should tell them where your funds come from and where you spend them. You are also expected to tell them where you live so that you never escape their sight.

Governments want complete control of bitcoin - but so far they haven't been able to. They can only control bitcoin users - and that's because these users use centralized services. The rest of the government issued regulations that bitcoin is not legal currency by law - so as a user you will still have to obey the rules if you don't want to break the law.

Are banks integrating altcoins into their service, or are they try to use those blockchain solutions for their infrastructure? And is there really any activity, or are those just public statements and plans? And how many banks are involved? Because I personally never encountered a bank that is in any way partnered with a crypto project.

The bank that I use recently replied to questions if they would add BTC. They said no because they don't want problems with the central banks, and because Bitcoin is unstable which might negatively reflect on their business.

They will use blockchain technology to build their CBDCs with completely centralization. Their CBDCs will never be open source or decentralized.

Banks have to follow regulations for their governments and central banks so that they have to take into account many factors before adding Bitcoin or alternate cryptocurrencies into their services for customers. Even if they add those cryptocurrencies to their bank services, it is very vulnerable to be removed later by requests from governments and central banks.

I think governments realised some time ago that it is better to regulate it than to ban it. It has become too big and they can't stop it. However, with regulations implementing more and more KYC they can have some control of what is going on.

With the odd exception like Bukele and some presidential candidates we see out there, in general politicians are not interested in bitcoin as their currency, because they can't print it on demand, and here I think the OP is wrong with his idealistic view.

As Bitcoin is a fully decentralized currency where no organization or group or any single individual has control over Bitcoin. A centralized currency would certainly be fully controlled by the country's government or central bank, which has already had negative experiences with various centralized currencies and centralized exchanges being hacked.
Bitcoin can certainly fill the gap between centralization and decentralization. If Bitcoin is recognized as a single medium of exchange around the world and used as a global reserve currency, then Bitcoin can solve the problems of centralizing exchanges and currencies.

Decentralization is the main reason why governments hate Bitcoin and refuse to embrace it. The government cannot accept anything decentralized.

They want to control everything and monitor everything, so they can stay superior to everyone. They want to impose bans when they want and freeze funds and accounts that violate their imposed laws. This all needs centralization.

In addition, if the government adopts Bitcoin, they will not be able to print more banknotes. All governments print more banknotes whenever they have a deficit. This is impossible with Bitcoin.

Well, it's theoretically possible for the governments and central banks to control Bitcoin. They could simply buy more mining equipment and/or buy more BTC and manipulate the price. The only reason they don't do it is because it's expensive and kinda meaningless.
I don't know about Bitcoin (or any digital currency) bringing peace. No currency in the world could "bring peace".
If one Bitcoin would cost more tomorrow than it costs today, then what's the point of spending your precious BTC for goods and services?
If Bitcoin was so awesome, then why every business in the world hasn't adopted it yet?
 

Bitcoin is not a privacy coin and it's traceable on the blockchain, but it's very hard to hunt down someone who have never use any centralized exchange before, I believe the only way to find down a bitcoin address owner is if they have passed KYC on any online exchange before, that will easily give them away.

For someone who is never a fan of centralized exchange it will be hard, now as for Fiat currency, every money belongs in the Bank and to the Bank, it's where we all keep money, Your bank account has your name and information on it, you do anything bad you can be hunt down through you bank details and moreover Banks are all centralized, controllable by the government.

It's very clear why the government still doesn't like Bitcoin till date, Bitcoin isn't physical, it has no particular number printed on each Bitcoin, they are just in numbers, and there is no way to know if Joe's Bitcoin years ago is the same Bitcoin I bought off-exchange and laying in my wallet right now.

Decentralized is enough to piss the government off Bitcoin.

Bitcoin is great, but we don't need to sanctify it or exaggerate it as a panacea for our world. After many misconceptions that bitcoin can alleviate poverty, bitcoin can create jobs and reduce unemployment if the government accepts it. Now that we have the concept of bitcoin bringing peace, there is so much unnecessary exaggeration about bitcoin, LOL. You're right, if bitcoin is truly as magical as a god, why aren't more people using or adopting it yet?

I disagree with what XRP or Ripple did in forming a partnership with a regulated company. But I agree with what you mentioned about Bitcoin being a decentralized system. And perhaps that's one of the key explanations for why other nations are starting to accept Bitcoin and other forms of digital currency.

Nevertheless, the vast majority of nations continue to be closed and opposed. However, I am confident that they will come to embrace it in the future.

In as much as we know that Bitcoin has numerous benefits, overhyping it's another thing all together.  Betrayal lies in the heart of man, bitcoin or no bitcoin. The government of any country has one form of challenge or the other they are faced with, legalising Bitcoin in a country is not a guarantee for peace and smooth running of government.
The decentralization of bitcoin is beneficial because it removes third party interference in our private financial life, thereby giving us easy access to our funds.
Indeed,  bitcoin fits the gap but we should hype it carefully.

It's not just that they hate it. They can't also afford it. I can imagine some government agencies buying some Bitcoin behind the scene even if the whole country put Bitcoin under lock down like banned. Sadly government ain't going to let any stuffs under their radar come through without them noticing.

Once the government found out that majority of their people are transacting under the radar, it's likely if not really highly likely that they're just going to try to regulate or worse, ban it.

First off, Bitcoin won't give governments of the world peace or put an end to betrayal. How exactly is Bitcoin going to do that?
Nobody has control or power over Bitcoin, but it can be regulated and it can be manipulated. Bitcoin is not immune to everything.

The government is like the master of centralized bodies, accept while Bitcoin, is like the master of decentralized bodies, so you see that there is no way that they can work together.
The government works with control. They control almost everything. It may not be directly, but they control it one way or the other, so the government not being able to control something as big as Bitcoin is a heavy blow to them, so they fight it instead.
I have resolved within me that the government would never openly accept Bitcoin, and I'm at peace with that.

Or maybe you wanted to out it this way that because of being decentralized is one of the reasons governments won't adopt bitcoin for use, these people you see in government authorities actually likes bitcoin but they don't want it to take away every possible means which they use in extorting from the government pause and the people at large if a decentralized network is established, everyone will be independently handling their profile.

What you say is true, apart from talking about centralist and decentralist principles of management, you also need to see that it is indeed difficult to manage price volatility in bitcoin, which is seasonal, which makes it difficult to find a one to one value, the problem is that, but if there is a definite benchmark in my opinion this can be a good alternative, the second thing that needs to be seen if the whole country adopts bitcoin massively, and of course what happens is that transactions on the bitcoin network will be very busy which makes gas fees more expensive and takes a long time, This also needs to be seen for time efficiency.CMIIW

Unfortunately it's also a bit about people not adjusting to new technologies all that easily. You can't accept the whole world accepting newer technologies that quickly like my father in law is still having some trouble with mobile phones and that should be the important thing, we can't really talk about how it would make sense in the short term but it could work on the long term with more time. When the whole world is capable of using it, then it will be just about preference and when that happens there will be more people using it, but right now its not just about preference, there are people who do not know how to use credit cards, bitcoin is way out of their capabilities.

Bitcoin fits in more but I really wish it can process more transactions than the current limitations, it's ducks I wouldn't lie about that but of course, security, safety and decentralization made it that way, more transactions means you will have to give up the rest, otherwise bitcoin will stand the chance than most of this altcoins that are making noise that want the  change or support the government financial system and the rest; just think about about it thag if bitcoin in real time could process 1M/seconds, you really think there will be altcoins to boast of new creativity, they Wil always die at the point of launch. Even at this, known of them still survive the mission and mission of making that collaboration fully.

Bitcoin fits more but rejection will keep coming from.the different angles when it comes to adoption facilitation, look at what US is doing to ETF and the rest even when we know that the guys that are call or the ETF are doing so for their own profits. The government will not approved what they don't like and what they can't control, that's just it.

Transparent Bitcoin transactions are pseudonymous, not anonymous. KYC on centralized exchanges might link Bitcoin addresses to personal identities, piercing privacy. Traditional banking systems are more transparent about user identity, making regulatory oversight easier. This centralized system gives order but also limits. You're right about the government's reluctance to Bitcoin, which changes financial system power dynamics. The lack of a traceable 'origin' for each Bitcoin complicates problems for regulators. Decentralization not only "pisses off" governments but also puts their ability to regulate their finances in risk. Your views align with cryptocurrency pioneers. A decentralized financial system offers autonomy but requires informed citizens to responsibly use it.

It would be possible in the future, we do not have the technology for that right now but we will have it. Lighting network tried that and I think that's not that bad, it's at least an attempt for it and it's being done, I think that's an important part of it, I think it will benefit them eventually.

I think it is important to just wait for that to happen, and when that happens, we are going to see bitcoin grow much larger and the gap between bitcoin and other coins will go up a lot more. I know that it is not going to be something that will be simple, but it is going to be an easy thing one way or another, it should be important and we could see it grow. Just wait for it, maybe not this year, but that will eventually happen.

in every progress in technology, there will always be people who want to stick with traditional ways where they are used to. we can't force those people to embrace the tech. we just let them do what they want to  do. in time, when they are seeing people are getting the advantage of using such tech, that's when they will come around. but forcing them won't help them understand its importance. if not, it is not our loss for missing out the tech. but it all comes down to individual's preference.

This is the point, because they cannot control and take advantage of Bitcoin, they do not want Bitcoin to end or compete with their current business in the scope of currency or legal means of payment. Therefore, the government or world bank owners will also not let the currency function fall on Bitcoin globally and thoroughly. Maybe this can only be done in some countries, but in other countries, the government seems to be carrying out strict supervision and making laws regarding the use of Bitcoin as a means of payment other than their legal currency.

Whether it will happen or not, but Bitcoin replacing fiat as legal tender is a very difficult thing. And here, it might be an alternative means of payment but not a complete replacement. And this will also link various laws in each country and how prepared all citizens of that country are with Bitcoin technology, where not all citizens understand digital activities.

Bitcoin is the only decentralized cryptocurrency that should be embraced by all and not only the government. Taking about bringing peace, that is what we can’t vouch for because the hatred for it won’t stop even if it was legalised to be used globally today. The many advantages that comes with having bitcoin should be enough to serve as a purpose for it to be accepted and other falsehood about it can be neglected.


Isn’t that what the government wants? Centralised power and total control of everything. Since they can’t get it through bitcoin, they’ll settle where they can get it and serve as a gateway for those platforms or projects to gain more users for them. For Bitcoin lovers, we know what is at stake to losing privacy and security of funds to a company or government, so we can’t trade and completely want to follow such projects.

The government always wanted to have in control, they frown upon on anything that is not in their control until they realized that they are missing on it before they get into considering of creating regulation to minimize the decentralization impact of Bitcoin.


That is what we are thinking but remember government has to consider their authority and how they will execute things according to the established constitution and laws and this is the major reason why the government is hesitant in integrating the Bitcoin technology into their system.


Unlike Bitcoin, the stated cryptocurrency has central authority so the banking system is okay with implementing these kinds of cryptocurrency because they have someone to blame or to go after if incase the process goes haywire.  Besides, Bitcoin main ideology is to break free from the centralized financial institution and give its user the freedom of transaction which we know that is not viable when centralized financial institution is in charge.

We all love Bitcoin, but there's no point in exaggerating things. The year is 2023, many private companies and governments are accumulating Bitcoin. The vast majority of the amount in circulation is in the hands of giants. They can manipulate the price however they want. There's not much small players can do about it. Also, Bitcoin has no purpose to bring peace. Where there is money, there is no peace. These are the harsh realities of life. Bitcoin isn't used in daily life. Rather, it's seen only as an investment tool. Don't you think that shows that it has deviated a little from its starting point?

I have never seen Bitcoin as a threat before but the problem is that have many features that is making people and government mostly to suspect bitcoin, the thing is that their afraid of Bitcoin because it's fast to be process and you can hind your money in bitcoins without government knowing if you have divert money or not, that is why their afraid of Bitcoin is not only bitcoin taking of fiat currency alone but their conscious of bitcoins being fast for sending out funds to another person in another country

Most people in today's world are now dependent on various cryptocurrencies including Bitcoin. But there are many people who don't like Bitcoin only because nobody can control Bitcoin. But Bitcoin is the only virtual currency in today's digital world that people can invest and earn huge amount of money from. This decentralized currency is currently trying to change the world and has already legalized Bitcoin in many countries and they have been able to change their countries economically. Due to the fact that Bitcoin is the most convenient for transactions, countries in the world that have not yet legalized Bitcoin will definitely benefit if they accept Bitcoin. If this digital currency can gain recognition around the world, then surely every country will be able to develop well in the future, and they will be able to be economically self-sufficient.

BTC isn't anonymous, it has a public ledger that is available for everybody to take a look, surely it isn't going to be the first choice option for someone who wants to hide or launder money, the first choice option will surely be cash.
Take note that you should only 'depend' on BTC if you are looking for a censorship resistant and permissionless currency to use, but if you are looking for profit from investing in BTC, or a means of livelihood from trading, it is not a guarantee and you can lose all your money or suffer losses.

Can you list which countries have accepted bitcoin and whose economy is growing thanks to bitcoin? If bitcoin is currency and is only used for payments, how can it bring economic benefits? If bitcoin is a volatile and high-risk investment, how can an economy be stable if it depends on bitcoin? Is your economy completely dependent on bitcoin and do you feel your economy is stable? Not to mention an economy as large as a country. Bitcoin is really good to invest in, but when it comes to its impact on a country or the world economy, bitcoin has not yet done that.

It is from your point of view as a citizen and ordinary person. But in their eyes, that's exactly why they won't embrace Bitcoin. They don't want money, knowledge, and power decentralized and shared equally. They want to be the ones deciding who gets what. A centralized government currency is easy to control and inflate when needed to cover for their overspending. 

Peace isn't profitable. War is. Again, from their point of view, not ours.

Cryptocurrency is changing several financial issues. Though, Its decentralisation, both its strength and weakness, raises stability and governance concerns.

Bitcoin's potential to boost economies is worth consideration, but it may not solve all economic problems. Does every nation have the digital literacy and infrastructure to maximise its potential?

Decentralisation removes safety nets but frees from central control. A fragile equilibrium. Perhaps embracing Bitcoin while knowing its limitations will help governments traverse these uncharted waters and create a better future.

Bitcoin allows you to leave a place with the clothes on your back and get you wealth in the new place.
This is pretty cool. Most governments don't like this.

For instance you are Russian and you are against the war with UKRAINE you could leave Russia and have some wealth available when you get to a different country.

Yes OP, it is. It's so reliable, but the government sees it as a threat to the stability of their economy. You know it isn't centralized, and that's the coolest part, but the government can't leave the whole monetary system Into a digitalized program. Knowing how complex it is, a lot of people would find it difficult to adapt to it.
Another thing is the use of Bitcoin for illegal activities due to it being pseudonymous making it difficult for law enforcement agencies to trace and track the flow of funds.
So In as much as Bitcoin is so good and advantageous, it also has its drawbacks and limitations ( which include many more than I've talked about by the way) making it only an alternative at the end of the day.