- This topic has 11 replies, 2 voices, and was last updated 8 months ago by KanijoAlberto.
- Friday, April 1st, 2022 at 03:25 #206305surrender_the_juiceParticipant
**Do we all think that we will be able to operate the way we currently are forever?** Most countries are relatively regulation free (other than paying taxes), but I’m starting to doubt if this can or will continue.
We are already seeing the beginning with the EU proposal. Granted, this is only a proposal and not a law, but I could see many other countries jumping on board here.
**One thing I’ve cynically learned in my short time on earth is that governments will take whatever they want, whenever they want and there is little we can do about it.** Sure, the governments can’t outright outlaw people from owning crypto, but they can make it extremely inconvenient and costly to do so.
I am a long term holder and even the most disastrous news won’t make me sell. **I just think people need to start realizing that it is unlikely crypto will ever be fully decentralized, especially for the owners of it.**
Of course I could be completely wrong and we will all get exactly what we always wanted.Friday, April 1st, 2022 at 03:25 #206306Jxntb733
I trust the government as much as I trust that you are not sitting on the remote.Friday, April 1st, 2022 at 03:25 #206307rounderuss
Don’t stress it man. Enjoy the confusion. Governments are just realizing the incentives. Give crypto time to do it’s crypto thing. We already know it finances drugs. And we know drugs finance countries. It’s all good. Along for the rideFriday, April 1st, 2022 at 03:25 #206308gustavossj
I am just dreaming about being able to buy food and not end up retiring in a garbage can.Friday, April 1st, 2022 at 03:25 #206309ipetgoat1984
I agree, there’s no way in absolute hell that governments are going to allow people to freely trade a digital currency without extending complete control. The CBDC is coming, regulation across the board is coming. I’m not here for it, but I’m ready to adapt and pivot if that’s what I need to do.Friday, April 1st, 2022 at 03:25 #206310Dinafem_shib
I’m under the impression a lot of crypto people are not paying taxes lolFriday, April 1st, 2022 at 03:25 #206311365Dillweed365
Wouldn’t it be nice…Friday, April 1st, 2022 at 03:25 #206312EGarrett
Governments will take from citizens, but they can’t as easily take from each other. They aren’t subject to each other’s laws and regulations in the way their citizens are, and don’t have to accept each other’s money. So governments actually end up wanting Bitcoin from each other since they don’t trust each other’s paper and don’t want to be controlled by each other’s sanctions or militaries.
You can see it in the current war. Both Russia and Ukraine are stocking up on Bitcoin. Ukraine wants it because Putin can’t block, Putin wants it because the West can’t block it. Likewise, the US government was sending crypto right past Maduro’s army to Venezuelan health care workers, while at the same time, Maduro’s army was actually mining Bitcoin to have “unblockable income.”
Even the countries that try to block it fall into this dynamic. Iran initially outlawed it, then once they realized that no major country would take their failing national currency, they switched to encouraging Bitcoin mining by their citizens, and tried to force them to give the Bitcoin to the government in exchange for paper.
Plus, governments have never been able to control decentralized networks. Outlawing exchanges just sends more people to uncontrolled versions. After the US government shut down Napster and Kazaa, people just switched to BitTorrent, which has massive usage now and the government just has to deal with.
Cliff Notes: Bitcoin and cryptocurrencies are going to become the new basis of the global financial system, in the same way the internet became the new basis of the global communications system, and nothing bureaucrats are doing will stop it.Friday, April 1st, 2022 at 03:25 #206313SSquarepantsii
I know I am. The current rendition going on is absolute shite.Friday, April 1st, 2022 at 03:25 #206314ALiteralHamSandwich
Yes.Friday, April 1st, 2022 at 03:25 #206315inter71
I’m just trying to subsidize my income.Friday, April 1st, 2022 at 03:25 #206316KanijoAlberto
We live in simulation.
Plot twist: the government are the ones simulating us.
There will always be law and order, without them it’s chaos. Fully decentralization is utopia. Won’t work if we want mass adoption.
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