All posts after June 22 made by me...
Your post, which was written on
July 10.
Copy:
Bitcoin is the first decentralized payment network that operates only due of its users, without centralized management or intermediaries. It is the lack of centralized control over the processes - the main reason why governments are afraid of crypto-currency.
Governments control the Fiat currencies. They use central banks to manage money holdings, using so-called monetary policy. They also determine how remittances need to be implemented, which allows them to monitor the movement of the currency, and also dictate who benefits from this movement, collect taxes from it, and track criminal activities.
Bitcoin doesn't allow to do it all, so they are dissatisfied
Original:
Governments control the Fiat currencies. They use central banks to manage money holdings, using so-called monetary policy. They also determine how remittances need to be implemented, which allows them to monitor the movement of the currency, and also dictate who benefits from this movement, collect taxes from it, and track criminal activities. But all this control is lost when non-governmental organizations devise their currency.
Control over the currency has many different hidden currents, especially in the framework of the fiscal policy of the country, the business environment, and, of course, crime control.
Any more questions? IMO, the problem is solved.
Show Posts
