The power of digital money

[CODE200]

Before the existence of bitcoin they're many other digital economic assets that is in line with government policies like crude oil, gold and much more, government where comfortable with this assets trading online, including forex but crypto currency like bitcoin that would have change lives and alienates poverty from the world, government are afraid of its cumulative value.

I wouldn't really call oil and oil as digital assets, they're tangible and I don't see how they can be digital just because they're traded online, maybe they're quasi-digital but I don't think it's a real digital asset like bitcoin. It's not the government that's afraid of bitcoin, it's the rich cocksucker club in Wall Street that owns the banks that's scared, they're the real target, the government is just their puppet.

I have this inkling concern about digital money, as much as you all want to believe that it's the future and the fact that it's secure as you want to believe it, aren't we just one solar storm away from destroying our crypto by getting our technology fried by said solar storm? Are too reliant on this invisible house of cards?

[1714869321]

1714869321

[death69]

Bitcoin's emergence indeed challenged the traditional financial structures that were comfortable and familiar. It's akin to a Renaissance in digital economics - out with the old, in with the new. Unlike physical assets, Bitcoin's digital nature allows it to be globally accessible, providing a level of financial inclusion previously unimaginable. It's like an all-you-can-eat buffet where everyone's invited, regardless of nationality or social status. Bitcoin doesn't discriminate; it circulates with a speed and efficiency that conventional assets cannot match.

However, the notion of governments completely withdrawing their interest in Bitcoin is as hypothetical as spotting a unicorn in your backyard. Governments may seem like the 'bad guys' in this story, but their involvement can also bring about regulation and stability, like a stern parent setting ground rules for a wild teenager. Remember, even the wildest rivers eventually find their way to the sea.

[Helena Yu]

Bitcoin is an assets that we shouldn't lose or allow to dies off, if you check history of all money weather digital or paper bitcoin circulate faster in values and distributions. As highly respected as dollars not all countries have it but bitcoin is 14 years now, the world is aware of it. Do you think bitcoin will stay if government totally remove their hands or stand against it?

What did you mean about paper Bitcoin?

Will Bitcoin stay if the government completely ban Bitcoin? it depends on how you define what stay is.

Bitcoin is decentralized, even the government completely ban it, the citizens can still buy, trade or hold Bitcoin using DEX. But they need to consider to protect their privacy because the government can easily track their citizens who use Bitcoin and they might go to jail since they broke the country's laws.

[Magic-Money]

The world is changing into technology which Bitcoin is the moving trend in online digital assets, which many institution, company or individual are trading Bitcoin as a means of making profits in the business, and the government been against Bitcoin are looking a way to stop Bitcoin business, to enable the youths doing nothing. But Bitcoin has empowered many people.

[Litzki1990]

Bitcoin has been running for 14 long years so far and the popularity of Bitcoin is increasing with time. Various media outlets have published various negative comments about Bitcoin and published various negative news, but the popularity of Bitcoin has not decreased. Governments of various countries have tried to stop it but this currency has automatically remained the most valuable coin in the market till now. Currently, governments of various countries are trying to accept Bitcoin instead of banning it. As you plan on whether Bitcoin will survive if the governments of all countries decide to wipe it out, I think it is possible that Bitcoin will never be wiped out.

[landheer]

bitcoin has been around for more than a decade, and indeed negative news about bitcoin is always there, but positive news is of course always there,
I think bitcoin will continue to exist because there are more and more enthusiasts so surely the government will also approve what the public likes and is interested in, maybe the government prohibits people from investing in btc because they are afraid that people will be deceived by btc investments.

so i think btc is here to stay.

[kro55]

have change lives and alienates poverty from the world, government are afraid of its cumulative value.

Bitcoin only changed lives of a small number of early adopters who sold for massive profit, otherwise it's not being used daily by anyone. And of course it didn't do anything to poverty on a global scale, or even on a scale of one small country like El Salvador.

And governments are not afraid of Bitcoin, why would they be afraid of something that nobody uses as a currency? They could so easily destroy the Bitcoin market by just banning centralized exchanges, yet they didn't do this, ask yourself why.

Strictly speaking, bitcoin is like any other asset, it is used for investment, and there will be winners and losers, it cannot help alleviate poverty or lift all people out of poverty.

The claims that the government is afraid of bitcoin are not entirely true, but it is true that they are also concerned about bitcoin as it is growing rapidly without regulation. But I agree with you, they cannot destroy the bitcoin network, but disrupting this market is not too difficult for them.
With just a few bans and a series of strict regulations, this market will collapse, and we will have no playing field. Many people are underestimating the power of the government. They can build this world economy, and they can also destroy it, so destroying a small market like crypto is too simple.

[Bazzu]

indeed if the government prohibits its citizens from investing in btc this will make it difficult for a btc investor, and it is not impossible that crypto market conditions will also decline and people will definitely sell their assets.
but bitcoin will always be there, only the price will definitely go down, but of course we won't know the truth for sure, because the crypto market is always difficult to predict.

I think it's better to think about the moment
and positive thinking.

[tbct_mt2]

indeed if the government prohibits its citizens from investing in btc this will make it difficult for a btc investor, and it is not impossible that crypto market conditions will also decline and people will definitely sell their assets.

If they can not shut down all non KYC exchanges, they will not be able to prohibit their citizens to invest in Bitcoin.

I don't think governments will want to get a complete prohibition against Bitcoin investors and they will never succeed to shut down non KYC exchanges. Bad ones technically will have bad endings but the world is not lack of developers to build better non KYC exchanges in future.

but bitcoin will always be there, only the price will definitely go down, but of course we won't know the truth for sure, because the crypto market is always difficult to predict.

It will be there, always even the Bitcoin network stop running. Your bitcoin will always be in your wallet, not disappear like a number in your bank account that will disappear if a bank collapses, get bankrupted and disappears.

Even if the Bitcoin network is dead (no hashrate, no miner), your will still have your coins like a collectible coin.

[Sebas.tian]

Do you think bitcoin will stay if government totally remove their hands or stand against it?

Yes, Bitcoin will stay without government support or against it, because we have seen massive citizens using Bitcoin to grow their wealth without their government make it legal in their country. Bitcoin is an asset that is not control by the government, and it will never be stop by any government representative because it was created to eliminate delay in world transaction and also remove unemployment from the whole world. Those countries that legalized Bitcoin in their land are enjoying potential benefits of Bitcoin that will make their generation not to work against Bitcoin than to do everything possible within their power to spread the good information about Bitcoin.

[rat03gopoh]

or paper bitcoin

Important note: There is no paper version of bitcoin and there never will be an official one.

Do you think bitcoin will stay if government totally remove their hands or stand against it?

Government opposition has occurred in several countries. Let's say China even tried to stop the ecosystem from continuing by banning bitcoin mining (which was previously the top hashrate contributor on a country basis), and a look at last year's news might surprise you^[1]. In conclusion, this is really not a Bitcoin vs government fight, it is citizens vs government fight in the context of freedom. Bitcoin is just a representation of citizen freedom.


1. https://cointelegraph.com/news/china-returns-as-2nd-top-bitcoin-mining-hub-despite-the-crypto-ban

[YUriy1991]

Today, the power of digital money has been seen and worked as exemplified by Bitcoin, has presented both opportunities and challenges as well as interactions between governments and cryptocurrencies. It will continue to shape the landscape of the future for this innovation to be felt and enjoyed in light of the regulations that cryptocurrencies have brought to people around the world.

On the question of whether Bitcoin will survive if governments actively oppose or withdraw their support, I think the survival and longevity of cryptocurrencies depend on various factors such as government actions, market dynamics, technological advances, and public adoption. resilience and adaptability.

[Rampagoe004]

Bitcoin is an assets that we shouldn't lose or allow to dies off

Bitcoin is a cryptocurrency not a crypto asset. I see here we are talking about Bitcoin as the power of digital money and not talking about digital assets.
I believe Bitcoin will be successful in the future if the philosophy of Bitcoin as a crypto currency to make transactions and fight the Banks and avoid excessive printing, that's all a good thing. But it saddens me when I see that nowadays people are looking more at BTC as an asset to buy it when the price is low then sell it at the high price.

I don't mind wanting to get rich, but I think our goal is that making Bitcoin a cryptocurrency should become a reality.

[smile1218]

Bitcoin's decentralized nature makes it resistant to government control. If governments were to completely remove their hands from Bitcoin, it is likely that it would continue to exist and be used as a form of currency. If governments actively stood against it, Bitcoins adoption and use could be hindered. In recent years, we have seen governments around the world take different approaches to Bitcoin. Some have embraced it and even started to regulate it, while others banned it outright. Despite these actions, Bitcoin has continued to exist and be used by millions of people. If government were to actively stand against bitcoin, they could make it more difficult for people to use it. They could pass laws that make it illegal to won or transact in Bitcoin, or they could make it more difficult for bitcoin exchanges to operate. These actions could limit bitcoin's adoption and use.

[Patrol69]

If the popularity of Bitcoin can be calculated step by step from the beginning till now, it can be seen that the popularity of Bitcoin has increased gradually in these 14 years.  Governments of various countries are trying to improve their country's economic system by exploiting the popularity of Bitcoin.
First El Salvador accepted Bitcoin in their country and later Bhutan government is very close to accepting Bitcoin and maybe soon they will accept Bitcoin in their country. This news is very positive news for Bitcoin. Since the people and governments of different countries are gradually adopting Bitcoin, we can expect that the government of a country that does not recognize Bitcoin will not issue a negative decision against Bitcoin.

[erixter]

I think the government is also very interested in BTC and the technology behind it, but at the moment it's a bit coy maybe. However, if you do get support from stakeholders, I think it's easy to run and implement. Yes, in general terms, governments play an important role in the sustainability of cryptocurrencies like Bitcoin, both the situation and the views of governments vary in different countries. Well, this is where the importance of mass adoption, be it individuals, companies or institutions in terms of use. why is this necessary, so that the chances of survival are greater despite efforts If governments actively ban or inhibit the use of Bitcoin.

Really agree with you but there could be many reasons why crypto is so important nowadays. The power of digital currency, especially in this time, stems from its numerous potential benefits and its ability to transform various aspects of our lives. But there may be many factors related to the government.  Many countries' economic conditions and indications make it impossible for them to implement Bitcoin as a legal form of trade or to recognize its worth as such. However, it's important to note that digital currencies also come with risks and challenges. In summary as the technology evolves, digital currencies have the potential to reshape our financial systems and empower individuals in new and exciting ways.

[Wildwest]

Bitcoin's decentralized nature makes it resistant to government control. If governments were to completely remove their hands from Bitcoin, it is likely that it would continue to exist and be used as a form of currency. If governments actively stood against it, Bitcoins adoption and use could be hindered. In recent years, we have seen governments around the world take different approaches to Bitcoin. Some have embraced it and even started to regulate it, while others banned it outright. Despite these actions, Bitcoin has continued to exist and be used by millions of people. If government were to actively stand against bitcoin, they could make it more difficult for people to use it. They could pass laws that make it illegal to won or transact in Bitcoin, or they could make it more difficult for bitcoin exchanges to operate. These actions could limit bitcoin's adoption and use.

The government has not been able to legalize Bitcoin, of course, it has a strong reason in the competition of fiat currencies, so until now the ban on Bitcoin is still happening in certain countries but as you said Bitcoin is currently increasingly used by the community and this increase continues to occur every year, but one day the government will legalize Bitcoin but have special rules that they make in order to maintain competition with fiat currencies that are currently legal in Use it in every country, because we all know that the value of Bitcoin is getting higher and later it will definitely help the country's economy so the government will definitely legalize Bitcoin.

[Nrcewker]

Before the existence of bitcoin they're many other digital economic assets that is in line with government policies like crude oil, gold and much more, government where comfortable with this assets trading online, including forex but crypto currency like bitcoin that would have change lives and alienates poverty from the world, government are afraid of its cumulative value.

Bitcoin is an assets that we shouldn't lose or allow to dies off, if you check history of all money weather digital or paper bitcoin circulate faster in values and distributions. As highly respected as dollars not all countries have it but bitcoin is 14 years now, the world is aware of it. Do you think bitcoin will stay if government totally remove their hands or stand against it?

Bitcoins is famous for it’s decentralised nature, that is it cannot be controlled by any government or ruling body. Due to the decentralised nature of the coin, no other person (even if he is the president) can know how many Bitcoins an investor has. So if the government really remove their hands or stand against it, then still it won’t affect the coin in certain ways. If it bans exchanges, then people are so smart that they will opt for P2P deals in order to exchange their coins into FIAT.

[ringgo96]

Bitcoin will continue to compete with fiat currencies, so until now the government continues to monitor the development of bitcoin which cannot prohibit it completely in use in every community, because the value of bitcoin is currently very high so the government must also be able to take advantage of the digital currency, although it must be made a law to legalize bitcoin it will not be a problem because everyone today always obeys government regulations, But it must be something with procedures and not harm everyone, and the strength of digital currencies is now very strong, so the government will not let it go.

[Luzin]

I don't mind wanting to get rich, but I think our goal is that making Bitcoin a cryptocurrency should become a reality.

I didn't think until it officially became a currency. Because at this time honestly the State will not make it a currency because the value fluctuates. That goes against the fixed nature of money that many countries of the world use. I have also heard that Bitcoin was created to minimize third parties in financial transactions. The current conditions of making Bitcoin an Asset is the best thing, I hope the world does not emulate China which banned Bitcoin. Another proof Bitcoin is difficult so payments are legal is Many countries are creating CBDCs. It looks like they were inspired by Cryptocurrency.