What gives a government the right to tell us what we can and cannot do with our money? That’s exactly what happened when China banned ICOs and then announced they would be banning crypto trading, while Russia recently announced they would be doing the same thing. Cryptocoin may be scary to governments because it’s an independent currency that operates outside of their control, but we don’t want or need their control or permission to buy the things we want, especially not at the expense of our freedom and independence as citizens of this world!
The Collapse of Fiat Currencies
Governments are afraid of cryptocoin, and understandably so. Bitcoin, litecoin, and other cryptocoins offer an alternative means to conduct trade and commerce without having to rely on government-issued currencies like dollars. What governments fear is that they will no longer have control over spending. If people lose faith in dollar (or their home currency), all hell could break loose. It wouldn’t be pretty, but it would also signify a collapse of a kind that hasn’t been seen in modern times (other than Greece). The good news is we’re still far from seeing that day come. That said, there are some interesting developments happening in Japan where local legislators have made it easier for merchants to accept bitcoin as payment for goods or services purchased.
Loss of Freedom To Buy Whatever We Want
With governments controlling how we spend, what do you think will happen? If one person in a country hates another person, would that change how that person could spend his or her money? In some countries, people are not allowed to buy different things. This can cause prices for that item to go up because only so many people can buy it. So what happens when someone else wants to buy it too? He or she has to pay more because they weren’t allowed at first. The government controls how much you can spend and even if you have enough money! How can you say there is no loss of freedom when they control us like slaves? If we didn’t have all these rules on our spending, we wouldn’t be controlled by other countries.
Where Governments Manipulate Your Spending
In order to preserve their economic position, governments often manipulate and control individuals’ spending power. This is particularly prevalent in emerging markets, where inflation-prone local currencies are pegged to stable international reserves such as U.S. dollars. Because centralized monetary policy can make it difficult for citizens to hedge against inflationary pressures or volatile exchange rates, crypto-currencies like litecoin are gaining a foothold as a hedge against government manipulation. Rather than trying to fight cryptocurrencies, governments should embrace them as an alternative avenue for their citizens’ savings – it would be better for everyone if citizens had some control over their money rather than allowing it all to flow into real estate or other assets that could inflate even further during periods of high inflation.
Why Governments want to control your spending
In short, governments have many reasons to fear cryptocoin. First, it’s a technology they can’t control or manipulate to fill their coffers. Second, if everyone starts using cryptocurrency as opposed to fiat currency, they will lose their influence over our spending—which means we’ll be free to make our own choices about how we allocate our money. And lastly, a decentralized system such as Bitcoin doesn’t require lobbysists and politicians in order to work; it follows rules that everyone agrees on and creates an economy based on efficiency instead of manipulation.
Governments Fighting Back Against Crypto
One possibility is that government lobbysists are creating negative media about cryptocurrencies to scare investors away, in order to slow down cryptocurrency adoption. Since banks only have 4% market share of cryptocoin transactions, it is more likely that large financial institutions are fearful that cryptocurrencies will end up competing with traditional investment options such as stocks and bonds. Government insiders can also speculate about cryptocoin’s increasing popularity. The value of a single bitcoin reached $20,000 in 2017 before losing roughly half its value by mid-December 2017 and continuing to fluctuate around $10,000 throughout early 2018. That’s one expensive bubble!
How The Crypto Revolution Will Change The World
The rise of cryptocurrency has taken many by surprise, especially government agencies. The blockchain technology is so new and innovative that governments are unsure how to regulate it or even if they should be involved in regulating it at all. Many industry experts say that cryptocurrency is a threat to governments as it can completely wipe out their monopoly on money printing and distribution. It’s important to note, however, that while bitcoin may pose a threat to certain governments and banks—it will be equally important for those same industries. With any invention or discovery comes both opportunities and challenges. That’s why blockchain innovation will require a collaborative effort between government officials, financial institutions, universities, entrepreneurs and investors—if we want see crypto survive (and thrive). Find medications. We suggest this seller.