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Do you agree, Bitcoin is a warning to the government?

Suba

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For Bitcoin users, of course you already know the advantages of Bitcoin, including: It cannot be faked, can act as a global currency, as an investment and hedge against inflation because its limited amount is only 21 million BTC. Bitcoin is a democratic and decentralized alternative money. So the presence of Bitcoin in all countries is a warning to the government of any country not to print and issue unlimited fiat money, thus causing high inflation. The government should not be too confident about their local fiat money. which is the only store of value or medium of exchange, which the people trust. So, do you agree, if the presence of Bitcoin is a warning to the government?
 
I agree with you completely. Bitcoin has put to shame the useless efforts of saving up fiat that gets devalued by the day without any protection against inflation. It is a warning that I doubt they will heed.
 
Sure you are very right because the government needs to understand that bitcoin is becoming a widely used currency and is being patronised by investors either for commodities trading of a website payments so like you have said the government has to put in less dependence on the Fiat currencies so às to prevent them from can printing too much and also make the Bitcoin as a mode of general payments.
 
The coming of bitcoin was revolutionary and a step away from the normal way of doing business, which ensured that governments and big corporations facilitates our transactions and we have to pay them tax and commissions respectively. Bitcoin eliminated third-party and therefore governments no longer collect tax from our online transactions and some people equally use bitcoin to pay for goods and services leaving the fiat currencies, so I think bitcoin is a threat to governments.
 
Key Takeaways. Some governments fear that Bitcoin can be used to circumvent capital controls, can be used for money laundering or illegal purchases, and could be risky to investors
 
Yes Bitcoin is a warning to the government and an alternative to fiat currency as a means of payment. But the truth is government can always control the usage of Bitcoin in a country. They can control Bitcoin by restricting it or outrightly ban it.
So the ball is still in their court.
 
Bitcoin is really a warning to the government and not just the government but investors who holds foreign currency in their country making the currency to trade high ahead of there own local currency. If Bitcoin can be given much needed support a lot of Investors will be in trouble most especially government officials
 
If it warning to the government, it is waring to the saver as well. There are some people who derive joy in saving money. Crypto currency has shown that fiat money is useless unless it is used to run a buinsess. If not, it is meaningless.
 
Bitcoin is really a warning to the government and not just the government but investors who holds foreign currency in their country making the currency to trade high ahead of there own local currency. If Bitcoin can be given much needed support a lot of Investors will be in trouble most especially government officials
You are very correct, investors who invested billions in Fiat currency will have themselves to blame if care is not taken. Everyone is moving to digital currency and no one will look at any nearby bank for any transaction again because it's moving closer to a total cashless policy now. It's really a big warnings to the government.
 
Bitcoin has proved many country's government wrong and this is a sign of warning to all the governments around the world. In the beginning, many government never thought bitcoin could go as far as it has gone as at now and now almost all of them are regretting for not accepting bitcoin earlier before.
 
The Bitcoin are typically sold off in public auctions conducted by the U.S. Marshals Service, which is a law enforcement agency within the Department of Justice. But little else is known about the government handling of Bitcoin.
 
For Bitcoin users, of course you already know the advantages of Bitcoin, including: It cannot be faked, can act as a global currency, as an investment and hedge against inflation because its limited amount is only 21 million BTC. Bitcoin is a democratic and decentralized alternative money. So the presence of Bitcoin in all countries is a warning to the government of any country not to print and issue unlimited fiat money, thus causing high inflation. The government should not be too confident about their local fiat money. which is the only store of value or medium of exchange, which the people trust. So, do you agree, if the presence of Bitcoin is a warning to the government?
Bitcoin is dominating the world from the last few month and I hope it will dominate the whole world in few years.
And yes it is a warning to several developed countries but for the under developing countries it is not implementable yet.
 
I completely agree with you that the presence of Bitcoin all over the world is a warning to the government because Bitcoin is all what fiat currency want to be like, I think instead of the government to be hostile to Bitcoin, it should adopt some of the management techniques that Bitcoin has on their fiat currency.
 
Your post is on point. It could be a warning to the government, but a certain government or country could also ban or limit its usage. Instead some of the countries are even accepting it and having its own atm machines.
 
The government has never been a fan of any cryptocurrency not even bitcoin because it took away their momentum and monopoly in the financial sector. They had controlled the flow and generation of cash but with the inception of cryptocurrencies, they felt threatened.
 
Actually some government are trying to put a wedge on bitcoin due to its growth world wide, many people have starting making use of bitcoin globally and how efficient it is and secure. I believe in the future people will globally accept it in every area of use.
 
Yeah but they will always try to get their hands to manipulate it no matter what. It will probably go as far as ban the usage of Cryptocurrencies in their countries if they suddenly feel threatened by it's potential. That is.. if they didn't succeed on controlling it
 
Estes predicts bitcoin could hit between $100,000 and $288,000 by end-2021, based on a model that utilizes the stock-to-flow ratio measuring the scarcity of commodities like gold. That model, he said, has a 94% correlation with the price of bitcoin.
 
Yes, whay can be advice is for the government to make necessary arrangements as regards on every financial institute.
If you currently hold Bitcoin and are wondering what’s going to happen with its price in the near future, what is the Bitcoin price prediction 2021? Or have you heard about it and would like to know whether it’s a good investment or not over the long term? Well, if your answer is yes to either of these questions then you’ve come to realization that is will affect the slow and steady government.
 
I cannot understand what kind of warning you mean with Bitcoin's development on the government's fiat money. From what I know fiat money is like what the Japanese did during the 2nd world war when they printed Pesos in big volume that is used in the Philippines without the backing of the government. The legitimate currency that we know is called legal tender and not fiat money. The legal tender currency is the standard pecuniary measure for the convenience of man's commerce.
 

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