More Money Problems that Bitcoin Solves

[Gyfts]

The BOLD TRUTH is that the government doesn't care for you as much as you thought they do.
They don't give a shit of whatever solve money problems. In the first place do they really want to solve money problems. If they solve the money problems, how will they extort us and keep empoverishing the masses.

It's quite a shame how many people don't understand this -- government is an institution and the people that are part of these institutions have an interest in sustaining them. The interests of government survival outweigh the interest of their constituency, and the constituency will suffer. Bitcoin could solve a lot of problems, but there is no incentive for problems to be solved.

I'm an advocate for limited government for this reason. The predations of governmental power on normal citizens cannot be understated.

[justdimin]

Bitcoin overcomes people's finances, improves their lives, especially the economy, which can make someone who is poor with strong determination equal to the rich. Freedom over your own finances and the government doesn't like that. They can't cut crypto taxes, they can't make the state coffers grow. Therefore Bitcoin is always used as a label for money laundering in their eyes. Because the government has to print more money for Bitcoin disbursement. While CBDC is just an evolution of fiat, its nature and use remain the same in controlling how many assets are owned by the community.

That freedom, that "get paid what you deserve" instead of "get paid what the market around you tells" is the reason why I love crypto so much. I have been earning way more here than anywhere else I have ever worked in, you wanna know why? My contribution here is calculated, and when I make my boss money, he pays me good money.

If I didn't work hard, then I get paid less. In a regular job that I work, it has to be somewhere close to my house, even if with a ferry or a bus, it's around where I live, and that is why it's going to be paid very less because most of the time the buyers are close to where the seller is as well. Hence, crypto gave me freedom and feeling of worth.

[Lida93]

Most governments resist using bitcoin to coexist with ordinary money because they want to create tough monetary policies and financial scenarios that would have a negative impact on the people. This is done to ensure that they can keep the citizens at bay.

 If not tell me why won't any country not adopt bitcoin as a legal means of payment considering the potential that it possesses.

Every day, the IMF and the WORLD BANK will announce how this or that will have an impact on the global economy, yet bitcoin can easily fix half of the issues they are predicting.

No individual would wanna lose possession of it's stronghold not to talk of the government that is power-centric, do you expect them to reduce their power by giving room to competition (Bitcoin) which they very much understand that it's not in there reach to control like they do with the fiat.
They understand the potential but it might threatens their autonomy in many ways which is what they don't wanna see happening.

[Reid]

Imagine you are part of the government who heavily rely on taxes for your own salary, projects, and every expense needed for literally everything.
Then, you put in Bitcoin. The difficulties to track them down, their p2p transactions that won't register on taxes. If they will inject this feature there must be a big change in the financial services of the government.
It's not like you cure a cold with a medicine over the counter. There must be a process, a plan, and I think our governments are not ready for that, or they just don't want to be ready at all because the traditional thing is still working on their favor.

[Alpha Marine]

These are only few reasons why, and I guess we are not yet ready for total adoption of this technology.

Yea I kind of agree with this. In as much as governments are greedy and self-centered we can't act as if we don't know the illegal things done with bitcoin. Drug trafficking, human trafficking, fraud, money laundering, terrorism, and so on. I know that every invention can be used for negative purposes like the internet, mobile phones, guns, etc but there are at least sophisticated ways the government uses to fight these vices, same cannot be entirely said about bitcoin. In the world we live in today it is too risky to have something as big as bitcoin that is 100% unregulated. I don't know if there are ways the regulatory bodies can be involved while the privacy, security, and total control of bitcoin by bitcoin users will still be maintained but the very thought of what can be done with cryptocurrencies gives me the shivers.   

[savetheFORUM]

Bitcoin is so much superior to any fiat that they're afraid of it because as soon as people will understand it, they will dump fiat for good and never look back. But the truth is people are a bunch of easily manipulated, brainwashed, propaganda puppets. They're waiting for the government to allow them to use it as legal tender (like El Salvador did). Only then global hyperbitcoinization is possible.

Not totally superior because there are still things that BTC can't do but fiats can do therefore they shouldn't be scared of it. The reason why some bans is not because they are scared of it but because they can not control it. As of now, many people already know and use Bitcoin but they haven't totally dump fiat for it.

Fiat is still the one that they use as a medium of exchange and Bitcoin for them only works as a long term investment and for trading. As long as Bitcoin is allowed in our country for both asset and currency use then we can now use it for buying directly or paying to avail some service as long as it is also supported by the merchant. There's no need to wait for BTC to become a legal tender as that can take a long time to happen.

[kawetsriyanto]

Freedom over your own finances and the government doesn't like that. They can't cut crypto taxes, they can't make the state coffers grow.

Actually, financial freedom for everyone can support the country to improve the economic level. When people become richer, they can pay more taxes. Bigger taxes make the government to have bigger money to grow the country. Basically, this is not a problem, but the government doesn't want to lose its power to control the money circulation in the country.

Therefore Bitcoin is always used as a label for money laundering in their eyes. Because the government has to print more money for Bitcoin disbursement.

The accusation of money laundering in Bitcoin is intended to make people stay away from Bitcoin. The government use an unfair way to build the wrong assumption of people about Bitcoin. But smart people know that Bitcoin isn't related to money laundering. Even there are such cases, it is just a coincidence.

While CBDC is just an evolution of fiat, its nature and use remain the same in controlling how many assets are owned by the community.

IMHO, CBDC is another form of fiats. It is only a digital form of fiats. So, no change at all!!

[virasisog]

Bitcoin is so much superior to any fiat that they're afraid of it because as soon as people will understand it, they will dump fiat for good and never look back. But the truth is people are a bunch of easily manipulated, brainwashed, propaganda puppets. They're waiting for the government to allow them to use it as legal tender (like El Salvador did). Only then global hyperbitcoinization is possible.

Not totally superior because there are still things that BTC can't do but fiats can do therefore they shouldn't be scared of it. The reason why some bans is not because they are scared of it but because they can not control it. As of now, many people already know and use Bitcoin but they haven't totally dumped fiat for it.

Fiat is still the one that they use as a medium of exchange and Bitcoin for them only works as a long-term investment and for trading. As long as Bitcoin is allowed in our country for both asset and currency use then we can now use it for buying directly or paying to avail of some service as long as it is also supported by the merchant. There's no need to wait for BTC to become a legal tender as that can take a long time to happen.

The government will not adopt or accept anything that is uncontrollable and unmanipulative just like Bitcoin. So we can't blame them for banning crypto or for not supporting it because they know for sure that they will be doomed if Bitcoin will take over fiat. However, fiat will still be the priority of the government and as much as possible, they will cover their eyes so they won't see how Bitcoin could really help. I hope that they will resist and try to consider Bitcoin in the future despite being decentralized.

[jaberwock]

Imagine you are part of the government who heavily rely on taxes for your own salary, projects, and every expense needed for literally everything.
Then, you put in Bitcoin. The difficulties to track them down, their p2p transactions that won't register on taxes. If they will inject this feature there must be a big change in the financial services of the government.
It's not like you cure a cold with a medicine over the counter. There must be a process, a plan, and I think our governments are not ready for that, or they just don't want to be ready at all because the traditional thing is still working on their favor.

Bitcoin was only just an addition and it doesn't remove the fiats at all so we can still be able to tax the people and then we can also get extra taxes for those who use a Bitcoin. This sounds great but I wonder why many of the governments are still against the BTC. Maybe they aren't smart at all to think of this but they only think negatively. They think adopting BTC can cause more harm than good.

There could be some governments who aren't ready yet. Okay, they can take their time and people can just extend their patience. BTC and fiat aren't totally the same so each of them can solve different problems and there is no problem if fiat can solve more problems.

[BRINIRHA]

Why aren't the governments of the world seeing the greater money problem that bitcoin, and not even their CBDC, can solve? Can they at least think about allowing bitcoin to coexist with their money? I'm not asking them to abandon their fiat. Can they stop hindering Bitcoin's development and begin exploring its possibilities? It hurts that they are aware of the potential of bitcoin and have decided to ignore it. The issue of inflation, which destabilizes the world, can be resolved by Bitcoin. Additional money can be printed, but more bitcoins cannot be created. Inflation occurs when there is more money in circulation than is required. This can never happen with bitcoin.

- Inflation occurs when the money supply of a country grows more rapidly than the economic output of a country.
- The Federal Reserve changes the money supply by buying short-term securities from banks, injecting capital into the economy.
- The quantity theory believes that the value of money, and the resulting inflation, is caused by the supply and demand of the currency.
Quote sourcehttps://www.investopedia.com/ask/answers/042015/how-does-money-supply-affect-inflation.asp

When will they learn that bitcoin may be helpful? What are they waiting for?

I think the answer is quite easy on this matter. What needs to be understood is that this is about a centralized system vs a decentralized system. it may be about the interests of an individual/group/country. and about a controllable and an uncontrollable system. But at least I believe that slowly the adoption of bitcoin will continue to be carried out by more countries. due to the fact that the current generation and the next will support a decentralized system more. But for me there is no problem with the existing system. I just want the government to be run honestly and there is no more corruption. or it means I expect a system that makes government more open to the public. An open system will make it difficult for officials to commit corruption.

[South Park]

Why aren't the governments of the world seeing the greater money problem that bitcoin, and not even their CBDC, can solve? Can they at least think about allowing bitcoin to coexist with their money? I'm not asking them to abandon their fiat. Can they stop hindering Bitcoin's development and begin exploring its possibilities? It hurts that they are aware of the potential of bitcoin and have decided to ignore it. The issue of inflation, which destabilizes the world, can be resolved by Bitcoin. Additional money can be printed, but more bitcoins cannot be created. Inflation occurs when there is more money in circulation than is required. This can never happen with bitcoin.



When will they learn that bitcoin may be helpful? What are they waiting for?

You are not really understanding their motivations at all, most politicians do not serve their citizens anymore, they serve themselves and a few people at the top and that is it, and what those people want is power and the ability to wield it as they want, fiat currencies are probably the most powerful tool they have at their disposal which is not a weapon, fiat currencies allow governments to avoid being fiscally responsible since they can always print more money to pay their debts or to pay for whatever free stuff they promised to get elected, and they are never going to let go of this tool unless they are completely forced by their citizens.

[suzanne5223]

Asking why the government didn't see the greater money problem is something that doesn't worthwhile because even a little kid can fully understand that the fiat currency problem cant fix by the government's selfish strategy but they keep doing the same thing over again because they seem to profit from it.
I don't see them coexisting with Bitcoin and the only thing they want to do is regulate Bitcoin while they create their CBDC.

[Majestic-milf]

 It's quite obvious that Bitcoin is freedom. And just like almost everyone has opined, it's certainly gon cause a big disadvantage to the government. First, it takes away their power over monitoring your finance, and if I'm allowed to state, it blocks the avenue to siphon funds. Imagine when you exploit the fact that Bitcoin is volatile to use as a reason to kick against it when in actuality, fiat suffers a lot more.
 In summary, the government cannot endorse what they can't control. Hence the Bitcoin apathy.

[Aanuoluwatofunmi]

I like the fact that bitcoin has been the source for decentralization whereby we have this unique freedom with our financial economy away from the central authorities, the second aspect is the low cross boarder transactions charges whereby we got billed whenever we are sending money abroad and lastly, the benefits of providing solution to cash bulkiness in making payments of good and services, we don't have to suffer the challenges of handling cash bulkiness in terms of buying and selling of economical values and commodities.

[DrBeer]

Bitcoin overcomes people's finances, improves their lives, especially the economy, which can make someone who is poor with strong determination equal to the rich. Freedom over your own finances and the government doesn't like that. They can't cut crypto taxes, they can't make the state coffers grow. Therefore Bitcoin is always used as a label for money laundering in their eyes. Because the government has to print more money for Bitcoin disbursement. While CBDC is just an evolution of fiat, its nature and use remain the same in controlling how many assets are owned by the community.

That freedom, that "get paid what you deserve" instead of "get paid what the market around you tells" is the reason why I love crypto so much. I have been earning way more here than anywhere else I have ever worked in, you wanna know why? My contribution here is calculated, and when I make my boss money, he pays me good money.

If I didn't work hard, then I get paid less. In a regular job that I work, it has to be somewhere close to my house, even if with a ferry or a bus, it's around where I live, and that is why it's going to be paid very less because most of the time the buyers are close to where the seller is as well. Hence, crypto gave me freedom and feeling of worth.

A smaller part of cryptocurrency holders earns on the crypto market. You, in a particular case, earn on SPECULATION, which means at the expense of another or other holders of cryptocurrencies / fiats. Why are you better than a "capitalist bloodsucker"? This is of course a joke, but with regard to the idea of "general equality" and "honest economy" it is exactly like that Understand - money does not appear "out of nowhere". They flow from one pocket to another. And now you have shown a very unfortunate example of "cryptocurrency honesty", although it is positive for you, congratulations

PS By the way, explain your idea "If I didn't work hard, then I get paid less." ? To earn a lot you need to study a lot, work a lot. Once again, I will clarify - purely speculative mechanisms are working now. And describe how you will make money on the crypto market when the crypto market stabilizes and there is no such volatility? And this will happen if crypto-currencies become an official means of payment and a complete analogue of fiat money?

[crwth]

You do know that human traits and characteristics mostly prefer to take care of themselves first before anyone else. Some people serve the people, but the majority don't. It's just that in the world now, and I hope it changes. It's best to start with ourselves, and hopefully, others will follow.

So if we are interested in BTC being used, be an example to others.

[Oceat]

The BOLD TRUTH is that the government doesn't care for you as much as you thought they do.
They don't give a shit of whatever solve money problems. In the first place do they really want to solve money problems. If they solve the money problems, how will they extort us and keep empoverishing the masses.

If it is not what they control, the government doesn't care about you and your fvcking idea or invention. If you want the government to adopt bitcoin, simply redesign BTC such that it will be highly centralized and then give it to the government 

It's clear that Bitcoin is the only financial freedom we got that has no intervention of someone or third-parties which means it's a total decentralized digital/crypto currency. If they want to adopt Bitcoin, we already have a centralized one that was being forked from Bitcoin before or they could simply use the XRP(Ripple) or Tether(USDT).

Well, not all of the government are against the adoption of Bitcoin but those who are against it are clearly saying that they can't no longer control the people because they have freedom already of using their own hard earned money.

[bittraffic]

The fiat system gives the government the power to govern people's lives and while they know BTC can be more beneficial to the people, BTC is not beneficial for the government because more people that have money can actually fund a revolution against the government. They may even try to confiscate money from people including the BTC.

They are not willing to give up that power to the people.

[Synchronice]

Pretty simple. Governments have control over their people/economy through their local currency. Them adopting bitcoin would make it highly likely for them lose the control that they had to a certain extent.

Adopting directly in a pure manner will make them lose their control over people and economy, that's clear. But it's wrong to say that government doesn't let bitcoin to coexist with the traditional money because average person has no problem with using bitcoins.
Major players in the crypto market are the following companies Binance, Coinbase, Kraken, etc. All of them are centralized and very popular, highest percentage of crypto users use these companies and their services. These companies ask you for KYC verifications, they track your transactions, they even offer cards to track what you buy in the supermarkets. They are regulated companies! Doesn't this mean that the government has whole access on your info even when you use bitcoin through these exchanges? Majority of users prefer easy and simple solutions and these solutions are provided by the centralized companies. So no, only the form has changed, otherwise they aren't different from traditional banks and tracking systems. This way, bitcoin will coexist with the traditional money without a single problem.

[tjtonmoy]

When will they learn that bitcoin may be helpful? What are they waiting for?

They are waiting for the BTC to disappear. They can't allow something they can't control. And BTC being decentralized is their main fear. They have no control over it and they can't track your transaction if you choose not to disclose your information. This is the sole reason why the government is not allowing BTC to be legal in the first place. And to cover up that, they are showing these lame reasons.
I came across a discussion on my local board today and @Little Mouse has a great example on this.

পাবলো এস্কোবার তৎকালীন সময়ে ৩০ বিলিয়ন ডলারের মালিক ছিলেন। কথিত আছে, মেয়ে ম্যানুয়েলা এস্কোবার এর ঠান্ডা দূর করতে তিনি ডলারে আগুন ধরিয়েছিলেন। এডিট- ২ মিলিয়ন ডলার পুড়িয়েছিল। সোর্স

পাবলো এস্কোবার এর ডলার অবশ্যই কালো ছিল। তিনি ছিলেন ইতিহাসের বড় কোকেইন ডিলার। তিনি কিন্তু সব লেনদেনে ডলারই ব্যবহার করেছেন কিংবা স্বর্ন (ধারনা করলাম)। তাই বলে না ডলার নিষিদ্ধ হয়েছিল, না স্বর্ন।
২০০৯ সালে অস্ট্রেলিয়ায় ৩০০+ মিলিয়ন ডলার নগদ জব্দ করা হয়েছিল ড্রাগ ডিলার থেকে, অবশ্যই সেগুলো বিটকয়েন এ লেনদেন হয় নাই।
মুল কথা হচ্ছে, খারাপ কাজকে দূরে সরাতে হবে। বিটকয়েন থাকুক কিংবা অন্য যে কোন কারেন্সি থাকুক বা না থাকুক, এইসব লেনদেন চলতেই থাকবে। কিংবা অবৈধ লেনদেন চলতেই থাকবে। এইখানে বিটকয়েন প্রবলেম না। প্রবলেম অবশ্যই প্রবলেমটা, খারাপ কাজটা।

The translation is somewhat like this:
Pablo Escober owned 30 billion dollars at that time. It is told that, when his daughter Manuela suffered from cold, he burned $2 million in order to keep her warm.  source
All that Pablo Escober had was black money. He was the biggest cocain dealer in the history. He had done all his deals with Dollars or golds. But neither the dollar nor the gold was banned.

In 2009 over $300 million were seized from drug dealers, and obviously they were not Bitcoins.

So the thing is, we need to control criminal activity. Wheater bitcoin exist or other currency, these criminal activity will still continue. Or the illigal transactions. So the Bitcoin is not the problem. The problem is, criminals using it for illegal activites.

So from my understanding from this is, the problem is control. If they can't control something, it's illegal.