Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

[bitbunnny]

Another topic about conspiracy theories on governments and Bitcoin. This is getting so boring and I don't know if it's sad or funny how some think that for the all issues they are having with Bitcoin governments could be blamed.
Sone people obviously don't know either how states, governments and economies or Bitcoin and cryptocurrencies are functioning.

[NathanJB]

I can feel you and I share your frustration. But the government does not intentionally limit the wage so that we cannot invest on crypto with big amounts just like the rich are doing.

To be fair, Bitcoin was worth 0.0005 cents or even much lower when it first came out. Where were the people at that time, especially those who have heard of it? Everybody can afford it. But only too few bought or mined or got it from faucets and other sources. Right now, it is hard pointing fingers. We also have had our failures.

Agreed. It's not like the government is eyeing every investment we are trying to get into. Heck, they probably want us to be a bit richer so they don't need to bribe us with money they can keep for themselves.

I think so, too. I guess the government is going to become happier if the people are richer. The economy is going to be more vibrant, businesses would be thriving, taxes are increasing, and so on. There is going to be less beggars around, unemployed, protests due to low wage and poor services, sick people, and so on.

[TastyChillySauce00]

One thing that I know for sure no employe becomes a millionaire without investing. You can't be rich if you just do your work from 9 to 5 you must allocate some of your money for investing in this case is bitcoin, Well, I agree with OP that we kinda hardly even to purchase bitcoin since our salary is not enough besides that we must allocate on our spending, however, some people become millionaire by building a startup but the chance to be successful is very low.

Only proper management could make us rich and investing is only one way to go. Blaming the wages and telling government to raise the wage that high is not going to solve any problem. Money don't grow no trees as well as the employers' and company's fund and increasing wage to ridiculous amount of $100/h will just spell bankruptcy for most of the companies not to mention the inflation. Our economy is flawed but too much demanding won't solve anything.

[wishxy]

Enough said.
https://eng.letknow.news/interview/vyacheslav-kunev-regulators-will-not-allow-the-cryptocurrency-capitalisation-to-exceed-1-trillion-28762.html

[wildan88]

I can feel you and I share your frustration. But the government does not intentionally limit the wage so that we cannot invest on crypto with big amounts just like the rich are doing.

To be fair, Bitcoin was worth 0.0005 cents or even much lower when it first came out. Where were the people at that time, especially those who have heard of it? Everybody can afford it. But only too few bought or mined or got it from faucets and other sources. Right now, it is hard pointing fingers. We also have had our failures.

Agreed. It's not like the government is eyeing every investment we are trying to get into. Heck, they probably want us to be a bit richer so they don't need to bribe us with money they can keep for themselves.

I think so, too. I guess the government is going to become happier if the people are richer. The economy is going to be more vibrant, businesses would be thriving, taxes are increasing, and so on. There is going to be less beggars around, unemployed, protests due to low wage and poor services, sick people, and so on.

It should be, if the government has a rich society, the government will not spend a lot of budget on poor people. but is increasing wage a solution?
it will cause some negative and positive impacts. but the negative impact will be more unemployment if the company is unable to pay high wage and they will cut off work rights. we must change the mindset and not demand too much, because there are also many people who invest in bitcoin without having a job.

[leyton11]

So , their economy will collapse because too much money out and of course , that its not a reason for increasing bitcoin price.
A simple reason, high demand make price go high.
Just it. About no one goverment want to make their citizen become millionaire, well , i have no idea.

In fact, this problem is not too difficult to control, the government has enough talent and resources to do this, just that they do not want to create habits for people.  because blockchain technology is said to be open source and it can be created by any individual.  so certainly the government will have to spend more to control it well and this is not reasonable.  I think that's the main reason.

[stompix]

It makes sense actually.
I partly agree with the OP. He is onto something but he is blaming the wrong people.
Governments don't want too many rich people because humans are lazy. It is our nature.
Most people work because, they have to work. They have no other choice. Being poor is the only motivation here to make people work.
Ask yourseLf, would you work if you were rich? 95 out of 100, people will answer this "No."

Now you see why there HAS to be poor people. To feed the rich.

Yeah, rich people are lazy, they've earned their fortune by ling all day on the sofa.
And of course, reality proves this, I mean all the cars are made in Somalia, all the airplanes in Mali, all the food is grown in Botswana and the rich people in Germany and the Netherlands are doing nothing just sitting there waiting for a banana to hit them in the head cause they are too lazy to call uberfood to buy something...
That concept of being rich and lazy is spread around by the poor who all day they dream that if they would have a lot of money they will not do anything all day long. Reality...totally different.

With rich citizen in the country, they can organize to take power and it happen many times in the form of insurgency. This is why government should protect itself if government has to be authoritarian they will kill.

Yeah, that's why we have bloodbaths all day in Switzerland, Japanese are riding every day their Gundams to overthrow the evil gubbermint and in the Scandinavian countries, everyone has a reindeer with a bomb in the garage just in case.
On the other hand Angola and Zimbabwe which are full of poor people are the safest places on earth...

[alexsandria]

Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

$11? Per hour? Man, thats a lot of money. Other countries does pay their employees such amount for working a whole day. And UK is damn far from that.

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

Making their citizens rich isn't the responsibility of the government in the first place. It is the responsibility of the individuals who must strive in order for them to live, remember that. You are lucky enough if you are livin' in a wealthy country but that doesn't end to that. In addition, hooking up the crypto market isn't as well the responsibility of government and I bet they don't even have such idea.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?

Printing money doesn't work like that. It could lead to hyperinflation.

[mindrust]

It makes sense actually.
I partly agree with the OP. He is onto something but he is blaming the wrong people.
Governments don't want too many rich people because humans are lazy. It is our nature.
Most people work because, they have to work. They have no other choice. Being poor is the only motivation here to make people work.
Ask yourseLf, would you work if you were rich? 95 out of 100, people will answer this "No."

Now you see why there HAS to be poor people. To feed the rich.

Yeah, rich people are lazy, they've earned their fortune by ling all day on the sofa.
And of course, reality proves this, I mean all the cars are made in Somalia, all the airplanes in Mali, all the food is grown in Botswana and the rich people in Germany and the Netherlands are doing nothing just sitting there waiting for a banana to hit them in the head cause they are too lazy to call uberfood to buy something...
That concept of being rich and lazy is spread around by the poor who all day they dream that if they would have a lot of money they will not do anything all day long. Reality...totally different.

Don't bring Somalia into this they are not part of the modern world.

Most cars and other stuff are being made in China and I can't really say the Chinese people are the richest people in the world.

And there is another distinction we are forgetting to talk about.

There are jobs which almost everybody can do (factory workers), and there are jobs which only the smart and the ambitious can do. (like doctors, engineers etc, not the wage slave morons, the real ones) Smart&ambitious people can pretty much earn whatever they want their limit is their imagination.

Some of those jobs need cheap workers because otherwise the product will be too expensive and nobody will be able to buy it.

I am talking about those average Joe's. Wage slaves.

The current system need those poor people. They are smart enough to understand and do what they are told but not ambitious enough to try to become a millionaire and threaten the other rich people's status.

[Sadlife]

Even small portions of money can make a difference if they continuesly do cost averaging or buying when their salary's in. I mean you can't be a worker forever right ?
Why not just invest your money in something that might change the world in upcoming years. Im sure many people are sick with their daily jobs and one of the answers is to escape through all that is to invest.

[stompix]

Most cars and other stuff are being made in China and I can't really say the Chinese people are the richest people in the world.

I sincerely doubt 22% of something is considered as most!!!
Second, China's total exports to the US and EU are barely 6% of those countries' GDP so, where is the other stuff coming from?
They produce that much because they are 1 billion, if we put in the average per person, they produce 4 times fewer cars than Germany and they export ten times less in USD value per capita > and here we come into agreement, the Chinese are not the wealthiest because...facts!
 

There are jobs which almost everybody can do (factory workers), and there are jobs which only the smart and the ambitious can do. (like doctors, engineers etc) Smart&ambitious people can pretty much earn whatever they want their limit is their imagination.
~
I am talking about those average Joe's. Wage slaves.
They are smart enough to understand and do what they are told but not ambitious enough to try to become a millionare.

Oh got it, so it's not actually the government keeping people ...what you call them ...slaves, it's self-induced slavery.
I agree with that!

[AniviaBtc]

I can feel you and I share your frustration. But the government does not intentionally limit the wage so that we cannot invest on crypto with big amounts just like the rich are doing.

To be fair, Bitcoin was worth 0.0005 cents or even much lower when it first came out. Where were the people at that time, especially those who have heard of it? Everybody can afford it. But only too few bought or mined or got it from faucets and other sources. Right now, it is hard pointing fingers. We also have had our failures.

Agreed. It's not like the government is eyeing every investment we are trying to get into. Heck, they probably want us to be a bit richer so they don't need to bribe us with money they can keep for themselves.

I think so, too. I guess the government is going to become happier if the people are richer. The economy is going to be more vibrant, businesses would be thriving, taxes are increasing, and so on. There is going to be less beggars around, unemployed, protests due to low wage and poor services, sick people, and so on.

This thread is very applicable in China, I say China as an example because we all know that they are Communist country. They don't want their people to become richer that the people in their Government. In their country, they collect people's money so that everyone has the same kind of living. They don't want their people to become successful and achieve everything with their money, same in bitcoin. Bitcoin has a lot of potential to help people, but the government stop them.

[merchantofzeny]

I can feel you and I share your frustration. But the government does not intentionally limit the wage so that we cannot invest on crypto with big amounts just like the rich are doing.

To be fair, Bitcoin was worth 0.0005 cents or even much lower when it first came out. Where were the people at that time, especially those who have heard of it? Everybody can afford it. But only too few bought or mined or got it from faucets and other sources. Right now, it is hard pointing fingers. We also have had our failures.

Agreed. It's not like the government is eyeing every investment we are trying to get into. Heck, they probably want us to be a bit richer so they don't need to bribe us with money they can keep for themselves.

I think so, too. I guess the government is going to become happier if the people are richer. The economy is going to be more vibrant, businesses would be thriving, taxes are increasing, and so on. There is going to be less beggars around, unemployed, protests due to low wage and poor services, sick people, and so on.

The sweet spot is that people are just dependent enough to not bite your hand off but not too dependent that you have to do everything for them. 

Of course they're not going to like it if we make money that they can't tax but "out of sight out of mind" right? They can't tax what they don't know exists.

[NathanJB]

I can feel you and I share your frustration. But the government does not intentionally limit the wage so that we cannot invest on crypto with big amounts just like the rich are doing.

To be fair, Bitcoin was worth 0.0005 cents or even much lower when it first came out. Where were the people at that time, especially those who have heard of it? Everybody can afford it. But only too few bought or mined or got it from faucets and other sources. Right now, it is hard pointing fingers. We also have had our failures.

Agreed. It's not like the government is eyeing every investment we are trying to get into. Heck, they probably want us to be a bit richer so they don't need to bribe us with money they can keep for themselves.

I think so, too. I guess the government is going to become happier if the people are richer. The economy is going to be more vibrant, businesses would be thriving, taxes are increasing, and so on. There is going to be less beggars around, unemployed, protests due to low wage and poor services, sick people, and so on.

This thread is very applicable in China, I say China as an example because we all know that they are Communist country. They don't want their people to become richer that the people in their Government. In their country, they collect people's money so that everyone has the same kind of living. They don't want their people to become successful and achieve everything with their money, same in bitcoin. Bitcoin has a lot of potential to help people, but the government stop them.

China's primary product before it has awakened into a modern economic dragon is labor, cheap labor, dirt cheap labor to be exact. That made the government rich and the people dirt poor. And the country has unlimited supply of that product. Factories, manufacturing centers, and other products from all over the world are moving their businesses to china because of that.

I guess you are correct. What happens when the people of china will become rich? Would they still work like robots or machines just for a few pennies? I don't think so.

[mindrust]

Oh got it, so it's not actually the government keeping people ...what you call them ...slaves, it's self-induced slavery.
I agree with that!

It is kinda self-induced but the governments encourage it.

How many colleges out there teach their students about starting a business? They teach you how to become a wage slave. As a clueless noob in your early age unless you have great parents which would educate you with the right information, you take whatever they feed you with.

[Eclipse26]

Is the government to blame why there are a lot of poor families in my country? (Aside from corrupting the money lol) Daily expenses are increasing due to inflation rate so I think it's reasonable for the government to increase the living wage. But no matter how the government will try to increase the wage, if a person doesn't know how to handle his money, he can't be rich. You won't get rich by your high salary if you won't gonna invest it. Are you just going to be contented with saving your extra salary? How long will it take you to get rich with that. So basically, if a person wants to get rich, know how to make investment on something that will help you earn.

[Bagaji]

Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?

It seems you don't how monetary policy work and that is why you are saying it cost nothing to print Dollars and other currencies in the world. But you should know that mining Bitcoin also cost a lot of money which same thing happened to printing of faith currency equally cost the government.
Please, what services can you render to government for you to be paid $100 per hour. Does this happen anywhere in the world ? If yes, what is the proportion of the staff and what do they render to worth such amount.

[Bagaji]

Is the government to blame why there are a lot of poor families in my country? (Aside from corrupting the money lol) Daily expenses are increasing due to inflation rate so I think it's reasonable for the government to increase the living wage. But no matter how the government will try to increase the wage, if a person doesn't know how to handle his money, he can't be rich. You won't get rich by your high salary if you won't gonna invest it. Are you just going to be contented with saving your extra salary? How long will it take you to get rich with that. So basically, if a person wants to get rich, know how to make investment on something that will help you earn.

Why do you want to get rich if may ask you? Some time if government increase wages of government workers theybwill some how increase their revenue by way of tax increase which simply means no wage was actually increase.

[TIDOVEE]

The price of bitcoin is not determined by the amount of  government payment for workers.It is not government that sponsors bitcoin perse. One of the reasons why bitcoin emerge is to help bring up people financially,and that will help reduce pressure of reliance on the government herself. Though government can contribute to the o the poverty state of the citizen.

[leoqe]

I think that everything should begin not with claims to the government, but with ourselves. There are ordinary people who work in the government who also can’t do anything with this system, they follow this just as we do.
But no one is stopping us from taking action. We study the situation, read books, then use the acquired knowledge to earn more money (our own business, for example), then we direct money in the right direction.
I like the phrase: "Do you want to change the world for the better? Start with yourself."