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1761  Bitcoin / Bitcoin Discussion / Re: Bitcoin and proof of stake on: February 08, 2023, 12:15:23 PM
I don't even think it is that. Governments (meaning: politicians and central bankers) are against PoW simply because they don't understand it. They are reading the same sensationalist headlines about energy consumption that the rest of us see. These people aren't enthusiasts who take the time to actually educate themselves on Bitcoin and mining and PoW. They just read headlines about Bitcoin using X amount of energy and producing X amount of carbon and they don't never get beyond these surface level statistics. They don't understand the reason for the mining, and they don't understand that the people who are writing the articles or reports they are reading don't know anything more about PoW and Bitcoin mining than they themselves do.

PoW simply has an optics problem. If you don't know what you're talking about and you just look at the amount of energy it uses, yes it looks very bad. If you do know what you're talking about then you understand the reason for the energy use and why it is beneficial to society for a number of different reasons. Just like if you had no idea what computers did and how they helped society but all you knew was how much energy they used globally anyone (at least anyone who gives a damn about the environment and the well-being of society) would be outraged. It's just pure ignorance on the topic that causes people, politicians or anyone else, to hate PoW and think Bitcoin should switch to PoS. I mean the very fact that they believe Bitcoin CAN switch to PoS, or the fact that they think if Bitcoin doesn't then just another crypto CAN and SHOULD replace Bitcoin shows that they have zero specific knowledge on the topic of Bitcoin and Crypto.

I very much doubt there are many politicians or even central bankers that understand the difference between PoW and PoS other than one uses a lot of energy and the other doesn't. So I doubt much or any of the opposition to PoW is because governments want Bitcoin to be weaker through PoS. It's just the optics of the energy use that is the problem.

PoW doesn't have an energy problem. It has an optics problem. And because of that optics problem there is so much misinformation that has been spread about PoW, which makes it really easy to think PoW does have an energy problem. The answer to PoW's problem is simply educating the public and politicians about how PoW really works and why the claims that it is wasteful are nonsensical.

PoW mining can be as green as PoS. It's just that governments don't truly understand how it works. Either that, or they're doing it on purpose to keep as many people away from Bitcoin as possible. We all know the government doesn't like Bitcoin because it's decentralized. The vast majority of crypto projects switched to PoS out of fear from the government. Not because they wanted to. This is bad, because PoS effectively makes the Blockchain centralized. In fact, the crypto industry is much more centralized now than what it was a couple of years ago.

It's likely Bitcoin will remain the only PoW coin in existence, while the rest turn themselves to PoS. I'd be suprised if someone forks BTC someday to create a PoS version of it. But that I doubt it will gather significant attention from investors, especially when it will be a "Bitcoin clone" with another consensus algorithm. The future is widely unpredictable so we can only hope for the best. Just my thoughts Grin
1762  Bitcoin / Bitcoin Discussion / Re: Bitcoin will not become the world currency. on: February 08, 2023, 12:08:26 PM
We are still a long way away from Bitcoin being accepted widely as a means of payment. Bitcoin absolutely is a currency, but it is a currency of choice, not forced like fiat currencies are.

Will it replace fiat? No that is unlikely, simply because governments enforce fiat, so it isn't the people's choice. Over time more and more people will choose Bitcoin as it becomes normalized and there is much less sensationalized misinformation about it.

But then it will be the world's alternate currency. Most people will continue to take their paychecks in fiat, but many of them will save in Bitcoin and occasionally spend their Bitcoin savings on things. While some people will adopt mostly a Bitcoin standard and only rarely use fiat or just have some fiat in the bank for special purposes.

Will it become the world currency, yes. Though it'll probably take 20 years for that to happen. But being the world currency doesn't mean fiat won't exist. Nations will continue to have their own currencies that are used on a daily basis, and Bitcoin will exist alongside all over them all over the world. But none of that can happen until the idea of Bitcoin stops being sensationalized. The fact that it has been so successful in its price appreciation has not just caused a lot of people to love Bitcoin, but it is the primary reason why so many misinformed people hate Bitcoin - due to jealousy, the feeling of missing out, the idea that nothing legal or safe or real can appreciate so much. Once people stop sensationalizing Bitcoin and everyone can just accept it for what it is - a decentralized sovereign digital currency with perfect hard money qualities - it can start to be accepted as a means of payment.

It would be a "miracle" if Bitcoin becomes the standard unit of account worldwide. Just like Gold did back in the early days. But I don't think this will happen simply because governments won't allow it. They don't like digital money that's outside of their control. Countries that already passed friendly legislation towards Bitcoin, are only doing it because of the tax benefits it provides. Not because they're beginning to take Bitcoin seriously as a currency.

The pioneer cryptocurrency doesn't need the governments' approval to reach the masses. Anyone with an Internet connection can freely access it, making it "unofficially" a "world currency". If adoption keeps growing, Bitcoin will become a stronger competitor against traditional Fiat currencies. Who knows if BTC lasts for generations? Just my opinion Smiley
1763  Bitcoin / Bitcoin Discussion / Re: Bitcoin can be banned or stopped by governments on: February 08, 2023, 12:02:04 PM
According to data available at https://bitnodes.io/ there are 54 Bitcoin reachable nodes in China. That means despite all pressure Chinese government still not able to ban bitcoin.
Bitcoin decentralization is ensured by thousands of nodes distributed worldwide and they only way bitcoin can be controlled is to take control of all these nodes, something technically not possible. Moreover, Bitcoin network will continue to operate as long as there is one node willing to run the bitcoin blockchain.

It's amazing how Bitcoin keeps "chugging along" even with government restrictions in place. The fact that there are 54 nodes in China even when the government officially "banned" it, tells us that Bitcoin is truly unstoppable. Who can stop someone from secretly running a BTC node, anyways? I'd imagine Bitcoin having its own nodes across space (The Moon, maybe?) sometime in the future. The number of people adopting BTC as an alternative to Fiat currencies seems to be growing each day, so don't count on its disappearance anytime soon. Governments will have no choice but to join the revolution or get left behind in the dust.

Let's hope Bitcoin becomes Fiat's sucessor in the future, as people lose trust in banks. If that happens, early adopters like you and me would instantly become filthy rich. All that matters is that Bitcoin stays decentralized and censorship-resistant. As long as it remains as is, it will last a lifetime. Just my thoughts Grin
1764  Bitcoin / Bitcoin Discussion / Re: Bitcoin can be banned or stopped by governments on: February 07, 2023, 01:51:27 PM
But that will never happen because the world is heterogeneous, I mean, looking at the countries that are dividing each other for the benefit of each country. They will never become 1 or combine into 1. Just comparing with our family members, we can see that we have never all had the same opinion, let alone a country of many different ethnic groups with different thoughts. So we don't need to worry about all of them coming together.

Never say "never". For what I know, nothing is set in stone. Right now, governments are unable to reach a common agreement. But what if things change in the future? They could decide to unanimously ban Bitcoin if it proves to be a threat to the very existence of Fiat. It's no secret that Bitcoin is growing in popularity and mainstream usage each day. The more powerful BTC gets, the more people will abandon traditional Fiat currencies. And what better way to "stop" Bitcoin than all governments preventing people from using it in the first place? Maybe they will go as far as shutting down the whole Internet, to make a new one from scratch under their control (sort of like Russia is doing right now)? Even if they shut down the whole Internet, there's nothing stopping someone from running a BTC node through a mesh network, satellite, etc. The code is open source, so anyone can easily recreate Bitcoin if they want to.

I fail to see how Bitcoin can be "stopped" right now when it's a "force to reckon with". Governments would have no choice but to embrace the revolution or be left behind in the dust. Some countries have adopted BTC as legal tender, so don't count on it disappearing from the face of the Earth anytime soon. Just my opinion Smiley
1765  Economy / Exchanges / Re: Will there ever be any safe centralised exchange ? on: February 07, 2023, 01:40:06 PM
I have no doubt centralised exchanges are the government arm of Crypto currency regulatory body. They are good at nothing than taking and trading customers identity and funds  without their consent. You would be made to sign up for what you have no knowledge about when it happens, they would tell you that you gave consent to them for that just like the issue of one of the exchange that won a case whereby members could not access their funds as a result of the documents they signed and agreed to. I do not for once trust centralised exchange so therefore I do not leave my funds there. I stick to this phrase " not your keys, not your funds" because I do not want to hear the story that touches the heart any day.

As I've said before, centralized exchanges don't care about the customer. They only care about filling their pockets with money. These entities usually work hand-in-hand with the government, especially to track down crypto users. It's the only way governments will be able to get a certain level of control over Fiat on/off ramps in crypto land. The more people use centralized exchanges, the better for them. Not only that, but centralized exchanges can collapse at anytime due to a major hack or a poor decision made by the company.

If you really want to avoid all the hassles of a CEX, a decentralized exchange (DEX) would be the only way to go. But be aware that DEXs are not perfect, especially when they have low liquidity and high fees. I guess that's the cost of having self-custody of your crypto funds. Which type of exchange to choose (either centralized or decentralized) is up to you. As long as you act responsibly, there should be nothing to worry about. Just my thoughts Grin
1766  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Doge can it go 1$ on: February 06, 2023, 03:25:39 PM
^  What 'economic model'?  Are you talking about the supply?  Ok...  Yeah sure but think about this, if it's solely about the 'economic model', then why are there other coins that have limited supply, that's even more under 'serious development' than DOGE, have less market cap than DOGE?  It's all about the demand because it's the demand that dictates how high it goes.  And sure, DOGE's demand is the product of the hype behind the coin.  But then again almost everything in crypto has to do more about hype than anything else.  That's why my new thesis on how to make the most you can in the next bull market is all about coins with doge logos.  Cheesy

All doges...  Tokens, NFT's, everything!

Of course. Prices move according to the rules of supply and demand. If supply is low and demand is high, prices will go up at a very fast pace. With Dogecoin, things are different since hype is what usually drives it to new heights. Supply may be high, but there's still demand for DOGE on the market. While that's a fact, don't expect DOGE to retain high prices for long becuase of the way it was designed. It's more suitable as a short-term investment than anything else.

If you know how to "play the game", then you'll have nothing to worry about. Otherwise, I'd suggest you look elsewhere. $1 or not, it seems to me that Dogecoin will last for a very long time. Just my thoughts Grin
1767  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Should I keep my BNB or Sell it? on: February 06, 2023, 03:21:26 PM
BNB, Binance Coin, is one heck of a cryptocurrency if you ask me. It's been killing it in the market and staying on top for a reason. People trust it, plain and simple. And why wouldn't they? Binance, the exchange platform backing it, has been working hard to make sure that BNB stays valuable. Plus, holding onto BNB can actually get you rewards! How cool is that?

Long term investment in BNB? No brainer, my friend. As long as Binance keeps up their reputation and stays committed to the growth of BNB, you'll be in good hands. Trust me, this coin won't just collapse like some other cryptocurrencies out there. BNB is in a league of its own with a system that sets it apart.

So, in conclusion, if you're thinking about investing in BNB, go for it! It's a solid choice with a promising future.

BNB is a solid coin backed by a reputable crypto exchange. It has everything in its disposal to become a "force to reckon with". The only reason why BNB has such low prices is because of the bear market. But once that's all over, we should see BNB rising to $1k and above.

For one thing, BNB isn't as overhyped as Solana is. The project focuses on development and innovation more than anything else. I see it rivaling top players like Ethereum, and Cardano in the future. BNB's token supply constantly goes through a "burning process", so it should only go up in price over time. I'd recommend buying and staking BNB now while prices are cheap. Who knows if moving early would lead you towards massive profits within the not-so-distant future? Just my opinion Smiley
1768  Alternate cryptocurrencies / Altcoin Discussion / Re: CBDC and Regulation discussion on: February 06, 2023, 03:16:36 PM
CBDC is not a stablecoin, so this comparison is identical to comparing the dollar with a stablecoin. CBDC is issued by the national bank and is another, high-tech form of money that will function alongside cash and non-cash forms of money. Accordingly, I will have more confidence in CBDC than in any existing stablecoin.

CBDCs will "kill" stablecoins, especially when both serve exactly the same purpose. People will trust CBDCs more than stablecoins because they will be backed by the government. Private companies issuing stablecoins will be forced to close up shop or face serious consequences in the long run. Only decentralized stablecoins will survive because of the way they're designed. I don't think cash will live alongside CBDCs for generations, especially if governments are focused on reducing waste and putting an end to privacy for good.

Why should we care about centralized Fiat currencies (either CBDCs or stablecoins) when we already have decentralized cryptocurrencies such as Bitcoin and Ethereum? The whole point about crypto was removing the need for trust. Not to go back towards the past failures of banks. Someday people will recognize this when governments ramp up their surveillance efforts. As long as decentralization prevails, nothing else matters. Just my thoughts Grin
1769  Bitcoin / Bitcoin Discussion / Re: Bitcoin will not become the world currency. on: February 06, 2023, 03:11:04 PM
What you mean by bitcoin is here to strengthen the fiat currencies in the world if only they understand the coin and adopt it? In my opinion and opinion varies, Bitcoin is not here to become a world currency neither is it here to strengthen fiat currencies. Why would it want to strengthen fiat currency?

Bitcoin has come to be a great alternative to the fiat currencies and the present financial system and not to strengthen it.
Think about it, if it was here to strengthen and support the present traditional financial fiat system of payment, then governments of the world would love bitcoin and support it.

Bitcoin was designed to rival Fiat currencies, so don't think for a second it will "support the present financial system" anytime soon. While most governments have approved of Bitcoin, deep down, they hate it. Banks have been pushing against Bitcoin, claiming it's a fad or "illegal" money used for criminal activities. None of these entities want Bitcoin to succeed, otherwise it would signal the end of Fiat.

It's all about power/control, so I'd expect Fiat currencies to become stronger in the long run. Who knows what the future holds for Bitcoin as an alternative monetary system? Just my opinion Smiley
1770  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins dead? on: February 06, 2023, 03:05:16 PM
Altcoins aren't a single coin so there is no way that all of them will die but many of them are now dead because they are weak and scam. Good altcoins can suffer from a bearish market but being dead isn't the best way to call or term them during these times. You can't call something dead if they are still active and can recover by the time the bull season came in, and also it was the new coins who has more chances of dying because new coins usually don't have anything new to offer as almost all the ideas are already given by the old coins. New coins are only good for the hypes so we can still invest on them for short-term gains.

That depends on which altcoin we're talking about. If we're talking about "meme" coins, then most of them will eventually die after people move on to the next big thing in crypto. Such coins are only good for short-term profits, due to their highly-speculative nature. But if we're talking about new coins with innovative features (especially smart contract platforms), then that's another story. These coins won't disappear that easily, especially if developers continue to "bring in the goods" to the public. Be aware that not all that glitters is gold, so I'd advise you to do your own research just to be safe.

For what I know, investing in altcoins is a gamble these days. Most of them don't take things seriously, as they're usually driven by hype. Only a select few altcoins are really worth your time. One thing for sure is that no altcoin can survive without Bitcoin. If BTC goes down, so will the rest of the other cryptocurrencies in the market. Just play your cards right and you'll have nothing to worry about. Just my thoughts Grin
1771  Bitcoin / Bitcoin Discussion / Re: Bitcoin can be banned or stopped by governments on: February 05, 2023, 04:21:47 PM
Totally agree, the government doesn't want to completely ban bitcoin, what they want is to control it. Banning bitcoin won't do them any favor, but if they can find a solution to control it, they will get a lot of benefits from it, especially the huge tax we will pay them. They always make threats to ban bitcoin but so far, they have not done that, they are just trying to buy time to find a way to control it. I believe there will be a lot of regulation for bitcoin and crypto this year, let's wait and see how it plays out.

I'm pretty sure most (if not all) of the world's governments will end up regulating Bitcoin with a heavy hand. After all, they wouldn't want to miss a huge opportunity to collect taxes. El Salvador saw Bitcoin's potential to change its economy for the better, leaving it with no other choice but to adopt the pioneer cryptocurrency as legal tender. The Central African Republic joined the game, while Mexico and Brazil are about to do the same.

I think authoritarian countries like China, Russia, and Venezuela will also end up opening their arms to Bitcoin because of the benefits it provides. They may have rejected the cryptocurrency for now, but I'm hopeful they will change their stance as Bitcoin becomes more popular worldwide. We're seeing a wave of mass adoption into Bitcoin from people worldwide. If this keeps up,"hyperbitcoinization" will come faster than you could've ever imagined. Who knows if BTC ultimately wins in its quest of defeating Fiat currencies for good? Just my thoughts Grin
1772  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins dead? on: February 05, 2023, 04:15:49 PM
All altcoins die every year until Bitcoin is resurrected. Smiley When Bitcoin is in a bear season, the market is also in a bear season. When the market is in a bear season, there is no altcoin that diverges positively from the market. This may be the simplest explanation for how the market works. Actually, there is no need to be pessimistic, but coins other than major altcoins are never safe.

Altcoins will never die, as developers launch new projects on a daily basis. Old coins will die (except ETH and a few others), while new ones will take the reigns as the "next big thing" in crypto. Bitcoin is the main trigger of the market, so if BTC prices go up, altcoins will do the same (or the opposite if BTC goes down). You have to consider that altcoins have a lot more risks than Bitcoin itself.

If you know how to play your cards right, then altcoins make the perfect "tool" to grow your investment in the short term. Otherwise, I'd suggest you invest only in Bitcoin to play it safe. The crypto market often comes with surprises, so who knows if you become the next crypto millionaire by holding prominent coins for quite some time? Just my opinion Smiley
1773  Alternate cryptocurrencies / Altcoin Discussion / Re: why people are always interested in altcoins on: February 05, 2023, 04:12:26 PM
Only bitcoin can be trusted to be the one avoiding inflation, not any altcoin. So with that logic you should always buy Bitcoin and not altcoins. Altcoins may bring your profits over the short term but there can only be that much and not more. In the long run they are going to go down and you will suffer for your decision.

Human nature of being greedy is fed by altcoins, there is not doubt about this. But even then we have to be careful about newly launched altcoins.

Truly people are more interested in Bitcoin but fear buying it because of its large buying price to get a whole number of Bitcoin.

Bitcoin is the real deal. The rest of the altcoins being traded on the market are "pure junk" (with the exception of ETH and a few old coins). People only invest in altcoins with the hopes of "striking" it rich someday (especially when they've missed the Bitcoin train). Some people get lucky investing in alts, while others don't. It's a much riskier bet than investing in Bitcoin itself. After all, altcoins are known to be extremely-volatile at times.

I'd diversify my portofolio just to minimize as much risks of loss as possible. As long as you don't turn greedy, nothing else matters. Just my thoughts Grin
1774  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP - yes or no? on: February 05, 2023, 04:05:39 PM
I only use XRP to transfer funds due to its cheap transaction fees and its fast confirmation times. I haven't really thought about buying XRP for investment purposes, as it's a centralized coin controlled by a company and every aspect of its development is highly influenced by those within the company. Ripple Labs doesn't really listen to a lot of suggestions from its community, and that's scary because the community is the one responsible for posting value to the said coin.

I don't get why some people take XRP as a serious investment, especially when it's a centralized coin. Trusting XRP would be no different than trusting banks. I get that money transfers are dirt-cheap and fast, but it's not worth it when you could lose everything in an instant. Instead of XRP, why not consider Stellar (XLM)? It's basically the same design as XRP, except that the community is the one in-charge of the project. No company controls a large portion of the token's supply unlike XRP.

Still, XLM is not as popular as other cryptocurrencies such as ETH, BTC, and DOGE. These last ones are much more decentralized and censorship-resistant. Ultimately, the market will decide which coins stay afloat and which ones will fade into oblivion. As long as there's healthy competition in the crypto/Blockchain industry, nothing else matters. Just my opinion Smiley
1775  Bitcoin / Bitcoin Discussion / Re: Which countries do you think this year will adopt Bitcoin as a Legal tender? on: February 05, 2023, 04:00:17 PM
Your guess might just be as good as mine, but one thing's for sure — it wouldn't be a major country like the US/UK/etc. A smaller country like Tonga(like you said) has a lot more incentive to take such risks compared to huge established countries.

Developed countries' economies are still "flowing" as usual, so they don't feel the need to adopt Bitcoin as an alternative to Fiat. Only developing countries do. I wouldn't care more or less, as long as Bitcoin reaches the masses worldwide. Even though developed countries like the US and UK haven't officially recognized BTC as legal tender, they've already embraced the "revolution" with open arms by regulating the industry. So I'd say Bitcoin is already winning in its battle against Fiat.

Slowly but surely, we'll see the list of developing countries adopting BTC as legal tender grow over time. I believe the next country to do this will be Mexico. Especially when a Mexican senator hinted the possibility of adopting BTC as legal tender. Another country on the brink of embracing Bitcoin with open arms is Brazil. It will be a big win for Bitcoin if these two countries alone do the move. Who knows if we're closer to "hyperbitcoinization" than we've ever thought before? Just my thoughts Grin
1776  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: February 04, 2023, 07:35:27 PM
Campaign paid

Got it. Thanks Cheesy
1777  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [POLL] Will BNB crash? Will Binance go bankrupt? on: February 03, 2023, 02:12:59 PM
One exchange couldn't crash crypto forever.  Mt gox pretty much ran all crypto exchanges at least from a percentage base and crypto survived.  Back then when crypto was just some sort of fringe experiment still.  If that didn't kill off crypto, an exchange going upside now won't either.  Here's an idea...stop using exchanges as wallets!!

Crypto is decentralized, so it's likely it will survive after a collapse of another big exchange. As you've said before, people should stop using exchanges as wallets. Unfortunately, many people don't do it because they want convenience. Unless people start taking custody of their coins, we won't be going anywhere soon. At least, we're not tied to one exchange.

Even though Binance dominates the crypto market, there are plenty of options to choose from. The competition is getting fierce each day with many Binance rivals claiming their way to glory. Besides, we have decentralized exchanges to keep us company. If all else fails, DEXs will be there to save the day. Just ignore the FUD, and carry on as usual as crypto is here to stay. Just my thoughts Grin
1778  Bitcoin / Bitcoin Discussion / Re: Bitcoin will not become the world currency. on: February 03, 2023, 02:00:20 PM
In a sane society, who are the government?, it is the people, the people of the society make up the government, the people are the ones who choose those we supposedly call the government, so ordinarily, the supposed government aren't supposed to be more powerful than the people that put them there, but the problem now is that we live in a world controlled by money, because this set of people we ourselves choose to serve u now are in control of our money, we automatically lose our authority over them, this is why they now have the power to choose for us what should we call money and what we should not..

Aside the above, money is what a group of people have chosen and attached a value to, not particularly the government, from the price of bitcoin today, it is evident that the people have chosen and attached good value to bitcoin, if we lived in a sane society, the debate whether bitcoin should be accepted as a money or not shouldn't even come up because from all indications, it is money already.

That can be said about democratic countries such as the US or Taiwan. People elect government officials to do the job they're supposed to. But that doesn't apply in authoritarian countries such as China and Russia. Many of the world's governments have abused their power to get what they want, so I wouldn't be surprised if they "go the extra mile" just to keep people from using Bitcoin as an alternative to Fiat. The pioneer cryptocurrency (BTC) may not be the world currency, but it can still be used by anyone with an Internet connection. It's a new kind of money system that has no borders and no central authority behind it.

Who needs the government when Bitcoin can do fine on its own? The more people adopt BTC, the better. As long as it stays decentralized and censorship-resistant, nothing else matters. Just my opinion Grin
1779  Economy / Economics / Re: How much longer until paper money is no longer in circulation? on: February 03, 2023, 01:55:03 PM
Paper money will not be eliminated. Although digitalization is a trend now and digital currency is very convenient, there are still many people who do not use smartphones. Many people still rely on paper money, and its use has become habitual.

Believe me, the transition to digital payments will be inevitable. Especially when governments want to reduce waste (protect the environment) and eliminate privacy for good. It may not happen during our lifetimes, but it will in the future. The new generation will become digitally-native, so they will choose a CBDC over paper money anytime. This may be only the beginning as the worst is yet to come.

When paper money becomes history, decentralized cryptocurrencies will be the only alternative for those looking to preserve their privacy. Let's make the most out of paper money now, before it's too late. Just my thoughts Grin
1780  Bitcoin / Bitcoin Discussion / Re: Bitcoin can be banned or stopped by governments on: February 03, 2023, 01:40:07 PM
Can government completely ban Bitcoin or not? To find answer to this question one must consult Bitcoin Whitepaper, on very first line we find this:

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution." Bitcoin Whitepaper

Bitcoin was designed from scratch to overcome limitations of existing financial system, where every transaction has to go through a central authority for approval. Since there is no central authority in Bitcoin then how can it be banned ? Go through Bitcoin whitepaper and we can find answer that why governments are againest it and why it cant be banned.

Bitcoin was designed to be a decentralized and censorship-resistant cryptocurrency. It cannot be stopped no matter what. But that would depend on how far the community is willing to keep Bitcoin that way. If decentralization is compromised sometime in the future, you can say goodbye to Bitcoin for good. Remember what it's said in the real world: "The price of freedom is eternal vigilance". We must remain vigilant to protect Bitcoin from falling into the government's hands.

As long as it remains decentralized, Bitcoin will be able to reach the masses without any obstacles or shortcomings. All a person needs to access the Blockchain is an Internet connection (and a VPN if you're living in a country where BTC is banned like China). With how far Bitcoin has gone, it seems to me that it will last for generations. Just my opinion Smiley
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