Am I right or wrong

[Jon_Hodl]

I don't think governments have done all they can to beat Bitcoin. While its legal status around the world is different in every jurisdiction, they are currently doing all they can to control Bitcoin at the legal level while using their corporate arms (big banks and other financial institutions) to suppress the price while simultaneously deploying hashpower to break the will of the decentralized pleb miners.

Next will come CBDC along with these "attacks" that we have seen on the power grid lately
- One in Washington: https://www.nbcnews.com/news/us-news/three-substations-attacked-washington-state-rcna63214
- another recently in Florida: https://www.newsnationnow.com/us-news/power-grid-attacks/report-shows-intrusions-at-6-power-stations-in-florida/
- Cyber attacks on the grid: https://www.wired.com/story/attacks-us-electrical-grid-security-roundup/

As the grid continues to come under these "terrorist" attacks, the government and their mainstream media arm will blame bitcoin miners for putting unnecessary and additional strain on the grid that is already under attack by causing blackouts, etc. Mining will be considered aiding these terrorist attacks or some such nonsense.

This will also come along with all of the other climate change FUD.

On a side note, the DOJ is probably already the single largest hodler of Bitcoin in the word after their recent seizures: https://www.justice.gov/usao-sdny/pr/us-attorney-announces-historic-336-billion-cryptocurrency-seizure-and-conviction

The powers that be have not yet begun to fight. They are trying to control it with their existing tools first and will slowly ramp up their efforts as needed. They will exert the minimal amount of energy to attack and control Bitcoin before they even think of actually acquiring any bitcoin.

The best thing you can do is to prepare for the future is to stack private sats, self-custody, run your own node, CoinJoin, and HODL for the very rough years to come.

Best of luck, plebs.

[1714678530]

1714678530

[TanhyaTrudy]

The government doesn't have to go to the opposite of Bitcoin, and it doesn't have to be an enemy. If you can't stop the development of Bitcoin, then you will come up with measures to regulate it. Without the ability to supervise, we can only ban it completely. The vast majority of people invest in Bitcoin, but some bad people use Bitcoin to do bad things, which increases the difficulty of the government's law enforcement. In desperation, Bitcoin can only be banned.

[Cryptomultiplier]

On a first note, the government is not just an individual. It is a collection of people who run and control the affairs of a country. Perhaps persons who are in positions of government are the ones who purchase or use cryptocurrency like OP meant.
The truth is it cannot be stopped from existing, should the government even try out ways to stop its citizens from using it, it will find a way to be the solution for transactions and commerce when fiat fails or disappoints.

[erep]

The government cannot control Bitcoin but can regulate the existence of Bitcoin in their country, many countries have established Bitcoin as a commodity that can be traded on futures exchanges. The government only allows Bitcoin to be used as an investment tool that trades on futures exchanges, not as a legal tender because Fiat money is the only legal tender used in a country. The reason the government can't control Bitcoin is because the price can rise sharply and then suddenly drop, creating uncertainty.

[lizarder]

There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?

Associating BTC with the government system will never find a breaking point for either, this kind of situation will only continue to make both of them worse, my point goes without saying that BTC intends to defeat the government system. Education like this only makes BTC continue to be talked about negatively. Stop spreading news and assumptions like this, as it will further worsen the understanding of new people.

You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?

What percentage of governments disapprove of bitcoin and how certain are they not buying it. Some countries have banned bitcoins, but have not stopped their passage either, and some countries have accepted bitcoins as a legal currency such as El Salvador and some only accept partial investments. This diversity has not found a final point, so providing excessive discussion space will not help either.

While governments can regulate existing exchange platforms in their countries and set tax standards for those exchange platforms, that is exactly what they are doing now.