these two have a different reason why they afraid in the bitcoin but only one goal to achieve. to not control their country by the bitcoin. we know that the bitcoin have many benefits so let's start in the government. government afraid in the bitcoin because we know that it is perfect for doing crime activities because it is untraceable. banks are afraid because we know that the bitcoin cannot collect tax and interest unlike the banks
People should really be educated about this sooner or later. You guys are ruining bitcoin's reputation by thinking that bitcoin is the perfect way for illegal transactions. Before bitcoin, was there no illegal transactions going on? Is it impossible to do with fiat? As a matter of fact, there are more illegal transactions being done with fiat than with bitcoin. Illegal transactions are going on far before bitcoin was there. For the "untraceable" part, it's actually traceable since there's the transaction history. What's untraceable is physical money. You don't know who it belonged before it was handed to you. Look at your money, you have no way of tracing from whom it came from before. This is why, even in the movies, illegal transactions are done with physical money and not digitally.
It must be admitted that the negative campaign about bitcoin and crypto became the basis for banks and the government was afraid of bitcoin, even though it was proven that bitcoin could be useful and improve the economy globally.
Sometimes it makes me wonder, does democracy really exist? Does it exist when people are silenced by the government. Bitcoin will truly change the way that we do transactions with each other. On the other hand, the government aren't getting from our transactions. There's no tax in our transactions, just very little transaction fee even when you're sending a really huge amount of money. It's only beneficial to us, the people. But at the end of the day, the government will always be the one in control. That's why I never really believed in democracy.
