How did we got here?

[Cookdata]

Something they are going to pay for, crypto came and we thought this will be the end of that idea, instead they decided to not support many countries, this is exactly why I hate anything centralised, the abuse of power is too much.

If Bitcoin was centralised all hell would have broken loose, maybe you and I will be saying that this crypto thing is not necessarily to exists, the only reason why crypto still feels like home is because of Bitcoin existence.

That aside, is this how things will keep going now? You can't use Bitcoin to buy my country goods and I can't use Bitcoin to buy your country's goods and products? How did we get here?

Lemme guess, your government might give the usual excuse like, we don't want money laundering with Bitcoin meanwhile, the fiat system they created hs outpowered them but you know, that's what they control and that's where they can do their dirty jobs but since they don't control Bitcoin, it will give them nightmare if they see it succeed and they wouldn't be able to do what they want, so they rather make it impossible for the rest people to use.

Centralization will not change as long as government is in control but you and me can actually make decentralization become more popular and useful. It doesn't have to be Bitcoin but rather make Bitcoin a reference why decentralization is really important but then again, there is nothing bad if you have some Bitcoin too, whether the government accept it as a legal tender or not, it doesn't change the purpose of Bitcoin.

[Shadiq]

Can anyone block Bitcoin payments? No.
Can anyone control or track Bitcoin payments? No.
Has Bitcoin changed? No.
So why are you blaming Bitcoin? If the buyer and seller agree, no one can block Bitcoin payments. This is not Bitcoin's fault, but the fault of people.
Even with any crypto, it is still possible to buy products in all countries of the world, if the seller accepts crypto.
Especially when the transaction is decentralized, it cannot be controlled or monitored by anyone, so don't blame Bitcoin or crypto.

[Stalker22]

Governments and all state aligned corporations would keep on restricting crypto currency payments because they want to protect their own fiat currency, because they want to keep getting revenues or control capital flight.
~

Well, I think you are generally right, but with a minor change in terminology.  They are not trying to "protect" their fiat currency; they are trying to protect their power.

Fiat currency is just the tool they use to enforce that power.

And they will not keep on restricting all crypto currency in general.  But they are rewriting the rules to fit their agenda.  They are backing institutional projects like Open USD (OUSD), building their own Central Bank Digital Currencies (CBDCs), and forcing heavy regulations down the throats of major exchanges.  They will gladly let you use crypto, but only if it's their version of crypto—fully tracked, heavily taxed, and entirely under their thumb.

[coinlary]

Can anyone block Bitcoin payments? No.

Yes , if you use a medium that control your keys. All it takes to that is just a single button that freeze your address or your entire account  and it wallet/wallets

No through the right medium where you own and control  the keys.

Can anyone track Bitcoin payments? No.

Yes it can be tracked, so you're  slightly  wrong in that aspect. What can't be tracked is the identity behind such transaction unless it in one way or the other linked to a KYC data or any form of public connections that expose identity.

If privacy isn't your  concern  then your Bitcoin can be easily tracked, but in most cases , not by the public unless you create a public connection as I've mentioned above

[dezoel]

It was created for something much smaller, and never was considered to have this much scale, and the more it grew, the more scale it got and that is the reason why we still do not have a working situation for it. I get that it may not be easy to accept this reality but it is the truth.

Satoshi Nakamoto never imagined we would be at this scale, a trillion dollar market cap, and billions of dollars in volume per day. For that reason it is not fast and it is not cheap. It can get there with more blockchain improvements, but that takes time.

[ArabBTC]

Come to think of it i think it’s foolishness for most country government to ban bitcoin, the fact that they can’t completely track bitcoin transactions shouldn’t be enough reason to always want to ban it, their are better ways to ensure that bitcoin transactions are traced and taxed, pushing or banning bitcoin away in a country won’t help the country in anyway because even with all the restrictions people are still using P2P trading and the government are the once loosing out. Bitcoin has come to stay the earlier most government understand this is the better for them.

[tottong]

That aside, is this how things will keep going now? You can't use Bitcoin to buy my country goods and I can't use Bitcoin to buy your country's goods and products? How did we get here?

Some countries are quite selective about Bitcoin payments, perhaps due to regulatory restrictions, which can be a bit of a hindrance for those living there. More generally, many people are currently buying things using Bitcoin.
My country also prohibits the use of Bitcoin as a means of transaction, but I can still buy goods on the open market using Bitcoin, depending on whether the seller offers Bitcoin payment services or not.

Bitcoin hasn't completely replaced fiat in terms of transactions, but many services currently accept Bitcoin payments.
If we expect them to accept Bitcoin for all types of transactions, it is impossible because fiat currencies are regulated and will remain a legal transaction so it is unlikely to happen in the near future.

[passwordnow]

this is exactly why I hate anything centralised, the abuse of power is too much.

It cannot be helped and that's because there's a government, they're the ones who controls everything. If everything is centralized then that means that there's a working government although to be in specific for crypto matters. We know that not all of them are into it. So, even if they decide to be neutral with it, they can still decide not to pass on any act to allow people pay services through bitcoin. But as a community, remember the roots, it all started without any government intervention and transactions still proceeded mainly for p2p.

[cryptoaddictchie]

That aside, is this how things will keep going now? You can't use Bitcoin to buy my country goods and I can't use Bitcoin to buy your country's goods and products? How did we get here?

You can actually but with bitcoin volatility can you still purchase any stuff out of bitcoin? Or just aimply use your fiat money or stablecoin crypto to lessen the fees and even do alts for lower gas fee.

Bitcoin is indeed a decentralized coin but many think of it as investment wheel instead a usable currency. Maybe some countrirs accept it but we all know that most purpuse of them holding it is for value appreciation like an investment.

[cyberninja2]

Come to think of it i think it’s foolishness for most country government to ban bitcoin, the fact that they can’t completely track bitcoin transactions shouldn’t be enough reason to always want to ban it, their are better ways to ensure that bitcoin transactions are traced and taxed, pushing or banning bitcoin away in a country won’t help the country in anyway because even with all the restrictions people are still using P2P trading and the government are the once loosing out. Bitcoin has come to stay the earlier most government understand this is the better for them.

If it's like this we say they don't know it's clearly impossible because every country must know about Bitcoin but what's strange is that after I understand what you said banning Bitcoin is one of the things that I think is inappropriate for them to say for example, they don't want Bitcoin to live in their country it's better not to make a verdict like that because currently many other countries seem to want Bitcoin to be operated by them especially there are parties whose countries seem to be able to make investments because currently the best investment is just by accumulating Bitcoin for them to invest which will become their assets for the next few years and their old age will do it so it will be more interesting because Bitcoin can be operated by the local community.

[Dareo]

That aside, is this how things will keep going now? You can't use Bitcoin to buy my country goods and I can't use Bitcoin to buy your country's goods and products? How did we get here?

Well, it's not just the fault of centralization, many times a company doesn't intentionally block a country but rather they are forced to make this decision due to the laws and restrictions of that country.  So it wouldn't be right to call it an abuse of power in all cases. Another thing is that Bitcoin doesn't block anyone but when you are using a centralized service, you also have to follow their rules. So for me the problem is not with Bitcoin, but with what kind of service you are using.

[CryptopreneurBrainboss]

That aside, is this how things will keep going now? You can't use Bitcoin to buy my country goods and I can't use Bitcoin to buy your country's goods and products? How did we get here?

It's a shame on the government that are intentionally sabotaging the advancement of the crypto technology in their country because they are making their economy to miss out of the financial benefits that the crypto industry is providing. There are many companies that have made people millionaires and created jobs and opportunity because they are funded in the crypto sector.

This is their country that is missing out and not Bitcoin, when the government intentionally create laws that prevent the adoption of Bitcoin either through payment gateway or other means, it is discouraging the citizens of those country from being involved and that is going to reflect on the country as they will be left behind.

The government can try all they want but they won't be able make their citizen not make use of crypto as there'll always be other opportunities even though it involves it being illegal as people will always try things that will make it easy for them to buy and sell things online.

[Positive_mind]

Why are crypto payments still terrible? 😭

A president of a country has better items been built in his country, people from out the country needs their type of products and they will have to pay money, it's not for free but yet they come will a plan to not support or allow other countries to benefit from their product.

Something they are going to pay for, crypto came and we thought this will be the end of that idea, instead they decided to not support many countries, this is exactly why I hate anything centralised, the abuse of power is too much.

If Bitcoin was centralised all hell would have broken loose, maybe you and I will be saying that this crypto thing is not necessarily to exists, the only reason why crypto still feels like home is because of Bitcoin existence.

That aside, is this how things will keep going now? You can't use Bitcoin to buy my country goods and I can't use Bitcoin to buy your country's goods and products? How did we get here?

Yes, cryptocurrency (Bitcoin) was actually supposed to be money without borders, but practically it's facing a challenge when it comes to people using it in their various countries. Despite the fact that we can use Bitcoin to buy or sell across countries via P2P, But the challenge that Bitcoin is facing currently in most countries is that you can't use Bitcoin smoothly as we normally use a Visa card or the MasterCard without some certain restrictions, either a restriction coming from a country or some exchange restrictions.

[Anthony Bill]

It was a battle before Bitcoin remain decentralized asset that is attracting governments to make it their reserve to give strength to their economic. The founder of Bitcoin paid the sacrifice to make Bitcoin a decentralized asset that is not under government control and that is what is making some government not to have power over the price of Bitcoin and they are not happy about it. If your government don't make Bitcoin legal in your country it will be difficult for the people living in that geographical area to enjoy Bitcoin.