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How would they have withdrawn the crypto if they had in their wallets, especially since all the financial system is gone in the country. I understand the point you are trying to make, but when there isn't tools to work with the raw material is useless.The reason why I like cryptocurrency is that you have the power to hold the key to your wallet anytime, the challenges that is going on in Afghanistan people were trying to withdraw their money but all the banking system in the country have closed down, if they could have invested their money in cryptocurrency they won't even have anything to worry about.
The power to have control over cryptocurrency is forfeited due to the decentralized nature of cryptocurrencies. It would very difficult for the government to have a full-fledged control over it.The major opposition to cryptocurrency is the government. The government wants to have total control over every aspect of society, but government control over cryptocurrency has been limited.
That's not the reason why the government are afraid of accepting cryptocurrency. They knew that it would be very difficult for them to control it. You and I know that the government always want to be in control of everything.The power inherent in bitcoin is very enomous in that because of its nature and volatility it can make an investor to get rich very fast in no time,and this has really made states to be affriad,because it is actually decentralise.
That is basically the main reason why most government want to place a ban on the use of cryptocurency,because to a very large extent it will take away the control of their regulatory powers when it comes to monetry issues.Not just Bitcoin, cryptocurrency is the only thing that the masses can control. You don't need to be government approve to start trading Bitcoin. But in some countries now the government are now banning cryptocurrency and this have been a very big problem to the people
You have a point there and I agree with it. Which means if the government is able to have some if not all regulatory power over crypto currency, they would be willing to accept it?That is basically the main reason why most government want to place a ban on the use of cryptocurency,because to a very large extent it will take away the control of their regulatory powers when it comes to monetry issues.
One thing the cryptocurency trading and e-commerce payment platform has brough,is that control for a lot of persons in terms of e-trnsaction,the ease and flexibility is next to non.Bitcoin has come a long way in changing people's lives for the better. It is really the people's power to self governance. With it, a lot of people have gotten out of poverty and serious lack too for a very long time now
This is absolutely true, but even with this a lot of people still do not see it this way because they just consider it as a dubious activities, they are not hundred percent sure all the potential of cryptocurrency. It is beneficial to people that understands the benefits but not to all.I think Bitcoin and crypto in general has brought a total freedom in the financial sector. You can earn,buy,sell or transfer any amount as you wish without any obstacle. No wonder most governments wants to control it.
Bitcoin is a tool to instigate power, to curb inflation and more. Just as you have suad, bitcoin will rise to be the biggest threat to the financial markets the government wishes to always have control overBitcoin could be the people's power to liberate themselves from the state. The political elite talk about the separation of responsibilities or power in the state but do not believe in the separation of power when it comes to money.
Bitcoin decentralized feature put the power of autonomy in the hands of the bitcoiners. This is the reason why most government see bitcoin as a threat. Their initial believe that bitcoin will collapse was forfeited because the coin continued to gain momentum.
Some countries have used bitcoin as a tool to fight inflation because it will reduce the amount of money in circulation.
Do you see bitcoin as a tool to instigate the power of separation of money?
I don't think it's a threat to the financial sector of the economy in reality. The government polished it to make it look like a threat. The major reason is that it allow self executed transactions and that's the supposed threat.Bitcoin is a tool to instigate power, to curb inflation and more. Just as you have suad, bitcoin will rise to be the biggest threat to the financial markets the government wishes to always have control over
If it wasn't regarded as a threat then China wouldn't ban it, India wouldn't ban it just to start theirs, USA wouldn't want to start taxing crypto funds etc, they don't control the cash flow, that's why they are threatened.I don't think it's a threat to the financial sector of the economy in reality. The government polished it to make it look like a threat. The major reason is that it allow self executed transactions and that's the supposed threat.
The government are fund of taking control of whatever becomes operational in their country. Let's look at the positive impact cryptocurrency had on the economy. It's an instrument deployed to combat inflation.If it wasn't regarded as a threat then China wouldn't ban it, India wouldn't ban it just to start theirs, USA wouldn't want to start taxing crypto funds etc, they don't control the cash flow, that's why they are threatened.
You're correct and. I am sure that the government is well aware of the positive impact of the cryptocurrency on the economy but they choose to turn a blind eye for selfish reasons.The government are fund of taking control of whatever becomes operational in their country. Let's look at the positive impact cryptocurrency had on the economy. It's an instrument deployed to combat inflation.
They would support projects that will create an avenue for making their pockets fatter. The rate at which inflation is ravaging the economy of the country is very high and needed a serious attention which could be solved by cryptocurrency.You're correct and. I am sure that the government is well aware of the positive impact of the cryptocurrency on the economy but they choose to turn a blind eye for selfish reasons.
Yes, cryptocurrency would have been the better option to cure inflation caused by persistent rise with too much money in circulation but the government doesn't want that. They are richer in inflation.They would support projects that will create an avenue for making their pockets fatter. The rate at which inflation is ravaging the economy of the country is very high and needed a serious attention which could be solved by cryptocurrency.