I am thinking this from long time.what is the problem with this.it has lot of benefit like instant transfer any where in the world,less transaction fee,no need to exchange,ONE CURRENCY ONE WOLD.
Then I came to conclusion that this is all because of control.If gov support the cryptocurrency then he loose the control from monetary policy.it can toppel the gov,BECAUSE money is ultimate control of the politics.
this is my opinion ,Am I right or there is any other reason??
I figured it out finally, how the USA is going to cripple bitcoin.
They are going to create a new 'crypto tax' in which every time you convert USD to crypto, they will tax it like a gas tax. So you will have to convert it to Euros first, and then try and go overseas. But if you do any in America, there will be a crypto tax. They will pass a law that ALL regulated conversion companies MUST collect and pass this tax in order to be a recognized banking institution, and all others who fail to comply will be investigated for 'providing money to terrorist organizations' and subsequently shut down.
What this does is pretty crazy. It makes it MORE expensive to purchase the same things at home in the USA than with cash or debit cards, which will immediately stop the adoption of it by vendors.
Banks win, the Government retains control, and people who want to have bitcoin for 'funzies' can still do so. Plus, new banking restrictions are in place and are very hard to get or you have to pay a really high fee for a 'banking permit' to sell and exchange BTC.
Edit: yes, I do own bitcoin, and I fear for this kind of stuff.
