That’s it EXACTLY. The beauty of bitcoin is no national government can stop it and no national government/central bank can manipulate it by issuing more. Nobody can control it. Its decentralized.
That is of course, why central bankers hate it.
I should add....there isn’t even any door to send jackbooted thugs with badges to kick down, nobody to threaten or haul off to prison, nobody’s assets to seize, nobody to intimidate or corrupt. All the authoritarians and control freaks really really hate Bitcoin for the above reasons.
That’s it EXACTLY. The beauty of bitcoin is no national government can stop it and no national government/central bank can manipulate it by issuing more. Nobody can control it. Its decentralized.
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A few problems:
1.Governments can indeed stop bitcoin by criminalizing or taxing its use.
2. And who ultimately controls the supply of bitcoin so that it will expand in proportion to the need for currency for transactions?
That’s it EXACTLY. The beauty of bitcoin is no national government can stop it and no national government/central bank can manipulate it by issuing more. Nobody can control it. Its decentralized.
************
A few problems:
1.Governments can indeed stop bitcoin by criminalizing or taxing its use.
2. And who ultimately controls the supply of bitcoin so that it will expand in proportion to the need for currency for transactions?