Those who benefit from the current status quo want more, not less.

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Avatar for francis105d2
2 years ago

The whole of humankind lives under a system of control called government, and in some territories, a human individual has more privileges than others. Still, in the end, all humans follow under the supervision of a third party we all call government. In some territories, you will have different ways to govern, but all require that its integrants follow a particular unspoken group of rules. If an individual tries to change those rules soon enough, that individual will have a hummer coming down from it if such a unique idea of change gets popular enough.

If you read the history of government, you will know that in ancient times, the government was a monarchy, a tyrant, or an emperor, in the case of conquered victims. It is only in modern times when we have politicians that some countries get to reelect themselves indefinitely. In some others, you get to choose a pre-selected politician, but in the end, you have a government that has power over the individual. That is the history of humankind, a history of who gets to control whom and how.

With the invention of Bitcoin, another system of government has been born, and it is not just about Bitcoin but about the change it brought to the current system of control that governments in the lastest year have. The government has a monopoly over violence against individuals because it can dictate to those who work for it to arrest you and even terminate any individual life.

Money is the blood of human society; as such, direct government controls rely on being able to issue and control the money supply. Change the money and remove control over it, and many things that governments govern get lost. As a result, the government can't impose its authority. Add to that money the ability to add other activities and institutions. Those who work with the government and benefit from it also lose a lot of privilege and control.

Bitcoin and cryptocurrencies can do much more than just exchange value. Now you can do a lot of the things that central banks offer without much friction, which will worry not only major banks but also central governments and those that benefit from the activities that the government allows because those banks will lose their cut of the pie.

It shouldn't surprise you if, soon enough, the whole cryptocurrency market enters an "I fight you phrase," and by that, what I mean it shouldn't surprise you if soon you start hearing that governments will ban that protocol and the other one, and after that here is the entire list. Do not worry; if you indeed hold a cryptocurrency and protocol that is truly decentralized, your value will be just fine. It will be an opportunity to buy from those not smart enough to understand how valuable an independent financial system from any government is.

If one day you hear that the United States is banning that and that, don't worry. Sit down and make sure you hold a suitable investment, which only means you did your research and you know that your project doesn't have a single point of failure. That way, you will realize that government crackdowns on decentralized cryptocurrencies and decentralized finances are just opportunities to buy cheap, and the government can't do anything about it.

Don't fall prey to FuD. Be the fish that discovers it; there is another beautiful world with different rules where you can prosper without government oppression. And after we fight you phrase comes you win phrase.

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Avatar for francis105d2
2 years ago

Comments

Unfortunately, Our politician destroys country by fighting with each other.. I consider that Crypto currency world in independent and risky. we can't believe to any world according to my opinion.

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2 years ago

I would say governments are the problem, but people's ideas are the solution; cryptos are just one idea trying to fix what is broken, but eventually, others will think of other solutions and present them to the world.

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2 years ago