Why does the government keep trying to shut down cryptocurrency? Since bitcoin was launched, Satoshi nakamoto has concealed himself due to threats from the government as they try best to stop the cryptocurrency since the transaction cannot be tracked and believes that most criminal activities are carried out through encrypted transactions, but the government is not looking at advantages but flaws.

The government is really trying to do its best to stop cryptocurrencies because the transaction fees are close to 0 and there is no tax on them. Because the government doesn't generate revenue from it, it's almost useless to the government, so they take advantage of most criminal activities using encryption as a way to ban cryptocurrency. History of Satoshi Nakamoto Satoshi Nakamoto's identity was included in the early days of the Bitcoin currency, where the basic form of the program was worked out in 2009. Communications from Nakamoto were made electronically, and the need for individual and institutional points of interest suggests that it is strange to follow them. the real character behind the title. However, Nakamoto's involvement with Bitcoin ended in 2010. Anyone's last correspondence with Nakamoto was in an email to another encryption developer, hoping that they had "moved on to other things." The failure to confront the title led to the critical theory that nakamoto's character is almost personal, especially given the high number of cryptocurrencies, their almost available spread and their bad reputation. While Nakamoto's character has not been revealed to anyone or people who have been shown, it has been assessed that respect for bitcoins under Nakamoto's control - which is acceptable to be about $1 million - may exceed $50 billion in estimate. Be. Given that the conceivable maximum number of bitcoins produced is 21 million, Nakamoto's 5% share of total Bitcoin holdings has great control over the offer. Many people were cast as "authentic" Satoshi Nakamoto, despite the fact that no one was conclusively proven to be Nakamoto. dorian nakamoto Dorian Nakamoto is an scholarly and build in California who was named as the maker of bitcoin by Leah McGrath Goodman in a Newsweek article in Walk 2014. "The path taken after by Newsweek driven to a 64-year-ancient Japanese-American man whose title is really Satoshi Nakamoto," said McGrath's article, but consequent examinations avoided Nakamoto from the race. Hal Finney Bitcoin is the item of the cyberpunk development, and one of the columns of that development was Hal Finney. Finney kicked the bucket in 2014. Finney was dynamic within the bitcoin community some time recently and after its dispatch, and Finney is the primary person to get bitcoin in a single exchange. He coincidentally lived a couple of pieces from Dorian Nakamoto, which, it has been guessed, may have been the motivation for the nom de plume design by Finney. Importance of crypto currencies to the developing world. I believe that crypto is the Future of digital currency, while checking the British Sterling pound I read something that made me kept thinking which that the central in UK the all holder of the currency the certain amount written on it . I believe that money and coin are just like a receipt that you own a certain amount in the bank . While crypto is a digital assest which you control. Due to threats alot of crypto launcher has quit launching new coins and there lot of coins that has been launched recently. There lot of rumours that the tussle between people who launched bitcoin made the creation of the Bitcoincash. The advantages of crypto currencies. Crypto currencies has a lot of advantages and disadvantages but I would love to speak about the advantages. Crypto currencies is another way of hiding one's wealth from the real world, alot of people really love to prove to the world that they are rich. But a real wise person would buy crypto rather buy properties. It is also a wise man investment, when bitcoin was launched people where not really interested in it but those who where wise had to take risk even though they are not sure it reliable or not. I am not saying you should be dumb but one must take calculated risk. It has less fee on transaction: to transact from one country to another using the banks a large amount would be deducted from the sender and the receiver but in the case of crypto currency the transaction fee is nearly zero and it a great advantage since it is the transfer of digital assest; peer to peer transaction or network. Talking of peer to peer transaction :this is the direct payment without a third party. Records in crypto ledger can't be reversed or changed: for example in a bitcoin block chain if a transaction is made the ledgers in the blockchain would record the transaction automatically. That is fraud can't be made in the block chain , if a computer is trying to rewriter the ledger or saying another transaction which is either fake or replaced other ledgers would be notified. Conclusion. Feel free to comment if you think that the information is not adequate or enough and I am not really a expert in crypto currencies so don't expect much from me . And I thank all crypto writers in different communities cause they are the source of my writing, don't forget this information is based on research.