RE: Governments Are Scared Of Cryptocurrency
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Governments are still having a "location based mentality" when dealing with crypto, as if this tech would be something that comes with a switch button they can push on.
Just look at Hive and its plethora of second layer tokens. Imagine how many similar projects could emerge in the next few years. How are they gonna control all of that.
The only thing they can control for the moment, to some extent of course, is CEXs and the link between bank accounts and CEXs as a gateway for accessing cryptos.
Once we will take crypto to the next level, as El Salvador did, it will be almost impossible to control this tech in any way. Seeing the level of frustration caused by the plandemic, I feel like many more will turn towards crypto in the near future.
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the gov can't control or stop crypto but what they can do is stop its conversion in fiat or close retailers that accept crypto so we need solution to that if we want to be truly free to use our money our own way
They really are ill-equipped to deal with the new reality. It is really that simple. They cannot handle the digital world since they were not designed for it.
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