Bitcoin - what are the states afraid of?

[Merinett]

Bitcoin - what are the states afraid of?

We all witnessed the recent collapse of Bitcoin, when it quickly fell to 9 200 $. how we have already explained, this fall is quite predictable and for the watchdog industry was not a surprise because this is the fourth year in a row.

However, this year there is a significant difference in this seasonal event. The difference is in the information background. At the beginning of this year, as never before, the media is filled with appalling news about various bans in various states. Let's add to this almost daily speeches from bankers and Nobel laureates about bubbles, then the picture is drawn apocalyptic

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[btcton]

Consider moving this to the press sub-forum since you are quoting straight from an article and providing a link to it.

The kinds of bans that state would be able to impose on Bitcoin and other cryptocurrency are not so much usage bans. In fact, they are more likely to be given out as trading bans, which are much more manageable and enforceable since the cryptocurrencies themselves are not centralized, but the exchanges are. It is much easier to go after an exchange than it is to go after anyone holding a cryptocurrency. The reasons why governments would want to regulate or ban cryptocurrencies is no mystery, as the article itself states. It is simply the vigilance that they want to have over what you do with your money and to make sure that value movement can be tracked along with the application of the corresponding taxes which is essential to any self-supporting state.

[Kakmakr]

The USA and some other countries are moving towards a Police State - a totalitarian state controlled by a political police force that secretly supervises the citizens' activities. They see Bitcoin as a threat to their control or supervision over their citizens.

Some of these states will also introduce, GovCoins in the future <developed with the help of Banks> to properly monitor and control all transactions done by citizens. <This is why they want to promote a cashless society>

Bitcoin and other Alt coins will be your only alternative, when this happens. <legally or illegally>

[hao2067755834]

I think some one-party state is afraid!
They are afraid that the people will transfer capital to other countries through BTC, so that the interests of the country will be affected to some extent, and all their policies will affect BTC!
The advantages of BTC's occult to the center affect their interests!