Why are governments biased towards banning Cryptos?

[deisik]

Why are all governments pro AI and are so against cryptocurrency? AI has been often conisdered as a threat to humanity but governments use it extensively but blockchain is the best thing that is ever happened to us humans and why do governments hate it so much? They are okay with driverless cars moving around streets but are not okay with currency that will make us more independent? Why this bias?

Maybe, because they don't want us to be independent?

If we are truly independent, we may start questioning the necessity of the government itself, whether we really need it and all these chairwarmers. Bitcoin is not all, and it doesn't give us true independence, but having financial leverage (which is what fiat money gives the government) is a big deal by any measure. It should be obvious that governments don't want to lose this power as it means losing control over the public (at least some part of it), and losing control means losing ability to profit from things like fiat devaluation (basically, free lunch for the government). In simple terms, they want simple people to depend on them, which makes them relevant. Bitcoin makes them irrelevant

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[Harlot]

The are so may reasons for Government actions against crypto currency. Most of the nations government are very greedy and therefore do not want ordinary people to get rich since they can not regulate or restricts it. Government have no power to appoint who would head the influx or transaction of crypto currency and most case they they appoint their own person in the term of hings like that.

I don't think that is the reason why, if they do that they would be doing themselves a favor simply because they are cutting an avenue where people can get rich and if their people would be rich they could simply collect more taxes from them. If they are really greedy then they wouldn't hurt themselves by prohibiting cryptocurrency in their country it is just simply a dumb move for them to make. Another thing to consider is that other countries just like Japan and Korea have seen an opportunity in the cryptocurrency market to boost their economy which is totally different from your point of view.

[audaciousbeing]

The distinguishing factor here is control. When you can still establish the control, over something, you practically own it and that is what AI is all about. Despite the continue development of AI, its still subject to human control and the moment the threat the human existence is being established as a result of that, government and the people I believe would not hesitate to shut it down. We have seen several medical research and development in the area of drugs, mutation, cloning etc including technical research turned down because it goes against human dignity.
 
The same thing cannot be said of bitcoin and why government is against it is so obvious to everyone as the reason why which is because of control that they are unable to establish. The moment there is a breakthrough in that area, all of the attack will stop and focus would be on how far they want to go in exercising their new found power. So, in essence, its not about biasness but about invested interest that needs to be protected.

[mornabo]

Why are all governments pro AI and are so against cryptocurrency? AI has been often conisdered as a threat to humanity but governments use it extensively but blockchain is the best thing that is ever happened to us humans and why do governments hate it so much? They are okay with driverless cars moving around streets but are not okay with currency that will make us more independent? Why this bias?

Governments are afraid of what they can not control.

Of course governments hates what they can't control. Specially how big crypto is right now, just imagine millions of dollars going in and out of a country with the government helpless against it. That's why they wanted regulations, AML and KYC implementation and other steps to curb out anything related to crypto. China said that their decision to go hostile to crypto is effective, but I seriously doubt it. While Japan continue to step up and be the leader on crypto sphere. So we can't say whose winning right now. I guess this will be a ongoing saga for Governments to either adopt or reject crypto.

bitcoin has an unstable value and does not include legal tender. Bitcoin is not an asset that can produce great value. Prices that cannot be predicted can create bubbles or bubbles in the economic system.

Because the government knows they will not be able to fully control the cryptocurrency so what they do is try to hold and stop the
development of crypto by prohibiting/bann it, but we know that it will never be able to stop the development of crypto

[bitcoinboxer]

Why are all governments pro AI and are so against cryptocurrency? AI has been often conisdered as a threat to humanity but governments use it extensively but blockchain is the best thing that is ever happened to us humans and why do governments hate it so much? They are okay with driverless cars moving around streets but are not okay with currency that will make us more independent? Why this bias?

Should read this article: http://endthesystem.com/the-importance-of-crypto/

If you understand how central banking works, and their influence these bankers have over governments, it'll be clear why they're against crypto.

That article really goes deep. It can be an eye opener. Highly recommend reading it.

[Cupomi]

Government is made up of people whose mandate is to protect the citizens. The notion for most government is that bitcoin is a bubble, that it won't be the best way to invest and so they are cut inbetween because their citizens still invest in it.

one of the best to protect the economy of its citizens is by banning bitcoin as a medium of exchange, because the price of bitcoin is very unstable, this can have an adverse effect on the trade balance, because prices are very fast changing, it can be ascertained that business people who use it can be unstable, and may potentially weaken the local currency against world currencies.

[genuin]

Blockchain technology makes the government unable to do much to control and regulate its citizens. If you think the government is good, they actually always think about how the country can look good without the welfare of its citizens. Therefore they create high taxes as a source of income. Blockchain technology is decentralized, meaning that no party can regulate or even interfere

[Strufmbae]

Why are all governments pro AI and are so against cryptocurrency? AI has been often conisdered as a threat to humanity but governments use it extensively but blockchain is the best thing that is ever happened to us humans and why do governments hate it so much? They are okay with driverless cars moving around streets but are not okay with currency that will make us more independent? Why this bias?

Crypto currency is an asset which will defy product that government handles,   one of the platform that bitcoins wants to achieve is a cashless free society and tax free (i don't know if it is the right term). AI can be controlled by the developer itself,  he can reprogram it everytime he wants, in other words government can control it, but, crypto?  They will sweat a lot trying to trace real owners in real world. 

[KorakPawon]

Well, it is because they won't have many benefits from it perhaps, or they're afraid they cannot control the currency, I don't know exactly, it's just my opinion about the issue.

[Tigorss]

It's not surprised if the government doesn't take it seriously. Government concerned on something that they can 'control' by their ways. They only afraid if crypto can't be controlled as they wish, I guess so.

[hacekd]

Why are all governments pro AI and are so against cryptocurrency? AI has been often conisdered as a threat to humanity but governments use it extensively but blockchain is the best thing that is ever happened to us humans and why do governments hate it so much? They are okay with driverless cars moving around streets but are not okay with currency that will make us more independent? Why this bias?

crypto has its advantages and disadvantages as well as positive impacts and negative impacts for every user, because that is why some governments prohibit crypto from circulating in their countries such as crypto market volume, fraud due to the many characteristics of anonymity. For some people who understand the movement of Bitcoin, it can be a profitable investment. But for those who do not understand it could be followed up and entrust the money to buy Bitcoin through any place so that fraud can occur.

[Cupomi]

Why are all governments pro AI and are so against cryptocurrency? AI has been often conisdered as a threat to humanity but governments use it extensively but blockchain is the best thing that is ever happened to us humans and why do governments hate it so much? They are okay with driverless cars moving around streets but are not okay with currency that will make us more independent? Why this bias?

because there are three biases that affect the profit limit and create opportunities to fall, someone's ding and it is very dangerous, one trader who always wants to profit even though it has fallen for the third time, second, limits profits and creates opportunities for loss, usually they buy losses and keep it from making a profit but the situation actually says another is not the existing profit but the loss is more and more, the third always thinks it's always right this is very dangerous example always thinks the price of gold will always rise, even though this assumption is not always true but sometimes the price can go down depending on circumstances.

[Marcy86]

The government forbids bitcoin, but does not prohibit block chain.

[zahed]

For government stupidity in some countries unable to growing cryptocurrencies business. But governments never control it.
Government sentiments, he thinks it will negative strongly to the economy of the country. When government mentality will changed about Bitcoins.