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RE: Cryptocurrency Vs. Governments, Who Will Come Out Ahead?
This thing motivates us more. The government will not find us a way forward❤
This thing motivates us more. The government will not find us a way forward❤
The government does very little for the citizens, we are their cash cow and they exist by tax extortion. All govt's are just a numbered corporation and their bond value is traded on exchanges just like our soical security number or sin number is given a value and traded on exchanges. The difference is that gov't's value is based on how much tax revenues they can extort form citizens, our value is based on earning and credit score. They derive their value because they can create the laws and enforce tax payment... without that ability, they are worth less. Of course, gov'ts are the worst run corporations in the world, when was the last time they were able to run a balanced budget and get out of debt, even with all the tax they take in they can't turn a profit. Private sector corporations are better managed and operate in a free market.
Hi @vinmaru, It would not be any easier for governments to go ahead of crypto currencies. A recent example is that of China's ban of BTC. Who lost?
For the most part governments are always 2 steps behind the private sector, and 3 steps behind the crypto space. With all the innovation that is coming from the crypto space, for the most part, they will be playing catch up to steal wealth.