The freedom that they don't want you to have.

Incentive behind this article

I recently posted and article about how FUD is promoted by these key figures and is strengthened by the masses. This got me thinking about the entire digital scare that the governments are trying to put out. It also got me thinking about the regulations they are trying to implement. The main questions i will be focussing on in this article are: 'Is there a need to ban bitcoin or cryptocurrency?' and 'What if they didn't ban cryptocurrency?'

Straight off the bat

I am a huge supporter of crypto, i believe that it can change the world in many different ways. It already has some huge use cases. For example: a bunch of coins can do way more than any product/service on the traditional market. There are coins that can transact at 100x the speed of a bank. The blockchain can store way more information than various existing systems, whilst taking up less physical space. The blockchain has been used for cloud computing, and it did a better job than any existing non blockchain efforts. Blockchain allows anonimity on the internet, which is one of the most important aspects of blockchain at the moment.

So why are governments against it?

This is a question that had me thinking for a long time. Governments say that crypto makes people lose money. People supposedly stake way more than they should and enter in great debt. Crypto would also make illegal activity happen more frequent on the internet.

Arguments debunked

Let me tell you why the government arguements are complete bullshit. First of all, there aren't that many people who bet way more than they can afford and take second mortgages etc. There are several reasons to believe that the number of people who do that is extremely low. There are alot of warnings against staking more than you can lose on all of the crypto social media platforms aswell as the exchanges. There have been news stories persons getting into great debt after putting everything into crypto and even putting borrowed money into it. Do you, after all of these warnings and after all of these articles about this particular group of people, have the urge to do the same? Probably not. Within every group, every social movement, every game and pretty much everything, there will always be parts that move differently but make up a greater whole. An atom is made up of a nucleus, an electron and isotopes. They all behave in a different way but make a whole new thing. The cryptocommunity is the the same there are gamblers who put all of their faith and life savings into one coin, there are the more calculated people who try to do a bit more research and don't put in more than they can lose, there are millionaires who inflate and control the price of certain crypto's if they are small enough, but they all make up the cryptocommunity. A small group behaving irrationally does not reflect the thought process of the entire group. There are also irrational people within the traditional market who get into debt because they stake way more than they should.

Second of all, crypto would make supposed 'illegal activity' more frequent on the internet. I can understand that there are laws against drug usage and distribution. I can also see how crypto makes this a bit easier. However do not let that fool you into thinking that crypto brought about an internet crime wave of sorts. TOR network has been around since 2002. Before that there were other attempts at an anonymous internet browser that can penetrate the internet. TOR has been used for illegal activities since 2002, whilst it was not invented for that purpose. Online fraud has been around ever since the invention of the internet and online drug sales were present prior to bitcoin's invention. It's just as easy for 2 drugdealers to meet somewhere irl as it is to send a bitcoin transaction. In both cases they would have to share a location etc. The only real feature that crypto has added to the online crime scene is the ability to engage in money laundering activities with more ease than was previously possible. I do not believe that both of these arguements are enough reason to ban bitcoin and other cryptos

What is the reason behind all of this cryptohate?

I firmly believe that it is the anonimity. The anonimity currencies like bitcoin allow, is one of the only pieces of true freedom we have left! Look around you. Every social network and IoT device has a great deal of your information. They know your name, adress, age, e-mail, location, preferences, friends and so on! They even know what you are doing at any time of day by combining all of the other information. If you were to go out and ask another person all of that information you would be branded a stalker. Not only social networks have all of this information, the government has all of this information aswell. The government also knows how much money you earn. They need to tax you a great deal of your hard earned money after all. Now don't get me wrong here, i do believe taxes are a neccesity to keep a country running. But most governments these days make incredibly stupid decisions and are making it harder and harder to come by with your paycheck by increasing these taxes.

The government wants to keep constant control of this information and the money streams.

Banks and government vs. cryptomarket

The blockchain technology is extremely usefull for commerce, healthcare, insurance etc. But it would mean taking money away from the traditional market. This would mean taking money away from the banks. Banks have alot of influence in the world, if they do not have a means of power (a.k.a money) they lose that influence. Banks give you a small percentage over your savings. This percentage over your savings will never give you financial freedom. More so, it will never allow you to regain your privacy. Banks and the government are working together. This has been the case for hundreds of years. Banks allow the government to gain insight in your earnings and spending.

The fear they spread

They constantly keep spreading fear. They tell us that crypto will be 'illegal'. They tell us that crypto will make criminal activity more frequent and that we wont be safe anymore. They tell us that crypto is a gamble! These statements contradict the arguements that crypto induces criminal activity and lets people lose money.

How do they contradict these statements you ask? If the government knows that the cryptomarket is very volatile and in a young phase, they know that these statements of theirs can cause alot of people to sell. They know that the total market value can go down and in turn making people lose money inevitably. What happens when people have huge debts and struggle to afford life on a daily basis? They turn to crime. Crime lets them make money that no normal job could provide them. This in turn can get them out of debt.

This is what alot of people do not realize! These so called security measures are not needed in the first place, if governments and banks don't meddle into the cryptospace! There's also the fear of government regulation within the cryptospace. Will crypto lose value if it is regulated? I believe not. It might lose some of it's value because it is harder to perform money laundering activities, but it can gain so much more value from the involvement of the general public. Still, having anonimity is prefered and as i said 'one of the last pieces of freedom we have'. What do they do if they want to take this freedom away? They spread rumors about it becoming illegal. Because alot of people believe in crypto, its underlying tech value and the investing aspect of the market, they accept it being regulated rather than it being forbidden. They are playing into the hands of the governments and banks!

Next time you hear any statements from the government about crypto, think about what they're trying to accomplish. Do not fear crypto as it will change our world.

Thanks for reading!