The question above is practical as it is philosophical therefore I would want us to keep our minds open and as clean as the mind of a baby in other to understand the direction of this post. Before I continue, I would want to state it clearly that this post was inspired by the post of @dave_gutteridge where he talked about unincentivised Developers and the Real Difference Between Bitcoin Cash, Bitcoin and other Crypto’s. I would not go into talking about the content of the post but I believe and will plead with you to visit the post for a better understanding of what he had to say. Having said that, let us delve into the business of the day.
The Taste of Salt
I asked a question which I believe most of us might have carried out practically because of the inquisitive nature of man. The truth is that salt is always salt no matter what you do with it its taste will always taste like salt. Now, what happens when you try to wash off salt is that you will end up dissolving it in the water or whatever you are trying to wash it with. What does that mean? This means that the taste is not washed off rather it is mixed in the water or solvent you are using to wash the salt and if for any reason the quantity of salt you have added in the water or solvent is much bigger, you will notice that the water or solvent will become salty whether you like it or not.
Please, I will want you to follow me carefully as this post is meant to reveal the reasons why the government of the world will not succeed in their attempt to take over the crypto space irrespective of what they do.
Let us look at the structure of the circular Bank in the world. The topmost of this structure is the Board of Directors who I call the decision-makers, movers and shakers of all that is done in the banking industry. It is no news that most of these directors are also either the investors or shareholders of these banks. If that is the case, this means that they are the ones to control the entire workings of the bank by making policies that must suit them first as investors before talking about benefitting their customers. This is exactly what we have been seeing in our banking industries today. It is like a football club where the players, the club manager and other workers are paid even when the team loses any game but the fans are left to suffer the hurt. It is not irony or a fallacy but that is what and where we have found ourselves in our world today.
There is always this need and hunger for people to control others in any way they can even if it means trampling upon their human rights but that is how the world we live in functions. Are you still with me? The very important question to ask in all of these is; what is in it for the common man? It is has become even clearer to all of us that in the business of the world, the common is expected to remain in the same circle all the days of his life for the wealthy and the decision-makers to always have those they will control. When a law is made and there is no one to abide by it what do you think will be the outcome of such a society? Have you ever imagined a society where everyone is equal both in wealth and affluence, can such a society exist? This will certainly be a discussion for another day.
Since the inception of the banking sector, one would testify that the government and the board of directors are the ones who have been benefitting from whatever gain there is to make in the sector. This is the reason why there has been an ongoing fight in various countries by the government who is trying so hard to quench the fire of crypto and what it has to offer. Do you still remember the analysis I gave with the salt in the second paragraph? Looking at that analysis, you will understand that Cryptocurrency is like Salt and the government is trying so hard to wash off the taste with policies and stringent laws but what they have succeeded to do so far is to open the eyes of people to crypto. This is what happens when you try to wash off the taste of salt it dissolves and permeates even into places you can never imagine.
When cryptocurrency came into the world people never knew or even heard about it on a larger scale but as the days went by, its potentials and benefits began to speak volumes. It may interest you to know that if Satoshi Nakamoto or whoever they are were to visit the world today, they may find it difficult to understand that it was the same crypto they invented that has blown sporadically. The very question you must ask yourself is; why, how and what has been the reason behind the exponential growth of cryptocurrency? Like I said earlier, the biggest disadvantage the circular bank has is the issue of central control which is done by the government and the board of directors, but the case is completely different in the crypto sphere. The first thing you must know is that the structure of cryptocurrency gives room for individuals to control whatever they do within its corridors, unlike the circular banking industry.
That cryptocurrency is built and run on the blockchain is the major reason why the government cannot take absolute control of what happens in the sphere. In as much as they may make policies and laws to regulate crypto, that will only leave them shooting at their foot at all times. Just imagine how crypto has evolved from something invented by someone or a group of people into a venture that has the Highest Market Capital on the world business table. Should the government be afraid of what is to come? The answer is a big yes because looking at the world population, you will understand that the percentage of people who are in the crypto sphere in the world is less than 5% and yet the financial world has witnessed exponential growth from cryptocurrency.
Conclusion
The structure of crypto makes it easier for anybody to walk in and join in the business without having a high level of understanding. From the Developers to the Miners and then to the Investors at all levels, one will understand that everyone works not just for the benefit of himself but for the benefit of others. Just as the investors need the miners for their transactions to go through, that is the same way the miners need the developers to always come up with better projects for easy and safe mining. What I am saying in this post is that the government should stop trying to wash off the taste of salt and embrace the salt with an open mind to avoid been left behind.
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Edited by me with Pixlr
I like your illustration comparing salt with crypto due to the ability to remain relevant after different attempts to wash away its existence.
The banks and the power behind them don't put the interest of the people into consideration from my point of view because they do everything just to make themselves wealthy and aside from that, nothing else. That know-how to bring people back to them with promo and tiny pieces of the profits they are consuming.
Crypto currency transparency is one of the factors that would make it survive through the tough time against governments across the world.