Why the disagreement between the Government, Bank and Bitcoin?

[Blitzboy]

Have you ever picked up on the continuous scuffle between the age-old establishment and the emergent one? The picture brings to mind seniors wrestling with state-of-the-art smartphones. The revolutionary power dynamic brought by Bitcoin is quite unpalatable to the governmental and banking sectors. Envision a birthday bash where the guest of honor is a menace to your monopoly over the cake. Pretty sour scenario, no?

Hazards of Bitcoin? Indubitably, they abound. But aren't the perils associated with anything freshly-minted? Rewind to when the World Wide Web was portrayed as a hub for crooks, but behold! It's now our society's keystone.

And these Bitcoin enthusiasts, they're far from merely engaging in idle bickering. They're digging their heels in, advocating for a future of finance that's not centralized. They can be likened to David standing up against the government and banking Goliaths. With enough focus, Bitcoin could well become the proverbial pebble that brings the colossal ones down.

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[someone703]

In the Bitcoin community, there can be many opinions and attitudes towards different points of view. While it is true that some Bitcoin enthusiasts may strongly defend their views, it is incorrect to generalize this behavior to all Bitcoin players. When someone like Elon Musk expresses concern about Bitcoin's environmental impact due to mining, it can lead to debates and discussions in the Bitcoin community.

Likewise, when governments or other organizations make claims that Bitcoin is involved in illegal activities, Bitcoin advocates' rebuttals are supported by evidence, which is a natural thing. Transparency and the ability to track transactions on the Bitcoin blockchain are indeed seen as advantages in combating money laundering and illegal activities.

The control aspect is often a point of contention, as Bitcoin's decentralized nature challenges the traditional centralized control exercised by governments and central banks over monetary systems.

[TravelMug]

In the Bitcoin community, there can be many opinions and attitudes towards different points of view. While it is true that some Bitcoin enthusiasts may strongly defend their views, it is incorrect to generalize this behavior to all Bitcoin players. When someone like Elon Musk expresses concern about Bitcoin's environmental impact due to mining, it can lead to debates and discussions in the Bitcoin community.

And yet Elon Musk is wrong with his notion that bitcoin mining has a severe effect on the environment. There are other industries as well, like banks that have a negative impact on the environment.

Likewise, when governments or other organizations make claims that Bitcoin is involved in illegal activities, Bitcoin advocates' rebuttals are supported by evidence, which is a natural thing. Transparency and the ability to track transactions on the Bitcoin blockchain are indeed seen as advantages in combating money laundering and illegal activities.

The control aspect is often a point of contention, as Bitcoin's decentralized nature challenges the traditional centralized control exercised by governments and central banks over monetary systems.

And the debate could go on and on, the only thing that the government has is power, then can outright ban bitcoin if they want, (just like what China did to mining, and then US SEC going after the exchange like Coinbase and Binance and there could be some entity behind this witch hunt.)

[Furious 7]

Among the last three terms on my topic, each has representatives, and they've been having disagreements; the Government and banks against Bitcoin. With no tangible reason why it's so? I mean, Electricity came, the government and the bank accepted it and placed an electricity bill, the internet came they both accepted it and the Government works with ISPs to take bills from data subscriptions. Bitcoin came they took advantage of centralized exchanges, yet they're not satisfied. I've read multiple bad reasons placed on bitcoin volatility, fraud, etc, and don't see it tangible because every innovation has its risks and importance.

I'm trying to think of something else in this case.
Conditions where disagreements and differences in principle between banks and bitcoin are indeed contradictory, create conditions where such sparks must continue to occur.
Banks behind which there is a government do not want anything more powerful than them because this can slightly hinder conditions where their control over the people who are under them is slightly reduced so it is quite clear that with the existence of bitcoins this possibility happens because the people who are in bitcoin are already aware that they can be more flexible with bitcoin when compared with banks. As for the reasons for criminal terrorists, electricity and others, these are just classic reasons that are exaggerated. I think they should have realized that weakening with things like this can no longer happen.

[Nrcewker]

Bank follows government orders and act according to its rules. Now many users wants Banks to show some cooperation towards crypto users and their payments. But crypto have this decentralised nature, that is it cannot be controlled by any government or banks. Hence banks shows negative attitude towards the crypto with collaboration with the government. This is the main reason for which the disagreement still continues.

[TheUltraElite]

Bank follows government orders and act according to its rules. Now many users wants Banks to show some cooperation towards crypto users and their payments. But crypto have this decentralised nature, that is it cannot be controlled by any government or banks. Hence banks shows negative attitude towards the crypto with collaboration with the government. This is the main reason for which the disagreement still continues.

However many banks know the potential of Bitcoin. They are using blockchain for many services that they provide and development is occurring for that in many banking institutions. They might run fiat economy as per the orders of the government but things might change in future where the government becomes more lenient and start allowing crypto and then these banks will come out with their full armamentarium.

Though this might be longshot, for now we should focus on storing bitcoin as much as we can while the time is still ripe.

[Stable090]

Among the last three terms on my topic, each has representatives, and they've been having disagreements; the Government and banks against Bitcoin. With no tangible reason why it's so?

Both the government and the banks are just fighting for their own selfish interest, the government are against bitcoin because of their own selfish interest, they know that they can’t control Bitcoin that’s why they are against bitcoin, anybody can hold any amount of bitcoin and the identity of the person will be unknown, not like bank that they are having your information’s already that government can have it whenever they need it. Bitcoin is having a fix total supply, it can’t be increased or reduced, not like fiat currency that the government can decide to print more money and throw them into circulation at any moment.

Government keeps on claiming that bitcoin is used for illegal activities but we all know that’s not the main reason they are again bitcoin, if they are against bitcoin because it can be used for illegal activities, then they should be against fiat currency also, any illegal activities that bitcoin can be used for, fiat currency can also be used for it.

The banks are against bitcoin because they believe they believe the more people are adopting bitcoin, the more they will keep on losing customers, most people that knows about bitcoin don’t really save money in banks again, most of them prefer investing in bitcoin which will affect banks because they will keep on losing customers, am sure that’s why banks are against bitcoin.