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Even though democratic governments are supposed to be representative of the people, a government is still a separate entity from the people, meaning it has its
by coralreef 9y ago
Even though democratic governments are supposed to be representative of the people, a government is still a separate entity from the people, meaning it has its own motivations and tendencies.
An example of this is the military-industrial complex (disproportionate spending linked to politics). Or the way marijuana has been illegal for the past 100 years (a false campaign under the guise of protecting people).
If Bitcoin is banned early enough to harm liquidity and adoption between itself and fiats, and a government approved cryptocurrency is introduced as a competitor, then I think Bitcoin could basically be killed in an economy.