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Author Topic: Why Russia Hates Bitcoin but Might Love the ApplePay  (Read 2227 times)
Bitcoinpro
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November 12, 2014, 09:33:47 AM
 #21

Governments hate bitcoin mainly because the financial industry hates it.

Bitcoin is eminently deflationary and its widespread use would result in
massive savings for businesses and consumers and consequently in wiping
out countless middlemen, useless financial real estate, stocks and bonds
etc. This is extremely bad news for for the obsolete financial system and
the politicians it sponsors.

Nailed it.

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