Photo by Bermix Studio on Unsplash

What Government Will Do with Bitcoin

Government Will Regulate Bitcoin Mining and Thereby Control All Bitcoin Transactions Globally

Davido Davido
9 min readJun 15, 2021

--

Last edited December 16, 2022

The Bitcoin network will not be permitted to become an independent global monetary system. However, governments will not deem it necessary to kill Bitcoin. Bitcoin will be fully controlled so that money and people can be fully controlled. A complete shutdown of Bitcoin would create legal and financial problems throughout the global economy. Banning Bitcoin would also reveal the authoritarianism of the Government. Instead, the government will benefit from controlling the Bitcoin ledger -its blockchain. Bitcoin’s ‘immutable’ blockchain will become a useful means of enforcing the collection of capital gains taxes and as a tool in government efforts to control people.

“The control of money creation at a world level constitutes the ultimate instrument of economic and social domination. The creation of fiat money provides a command over the real economies of countries worldwide. The ultimate lever of the U.S.-NATO imperial design is to override and destroy national currencies.” Michel Chossudovsky, Professor Emeritus of Economics at the University of Ottawa Canada, Director of the Centre for Research on Globalization, www.globalresearch.ca

--

--

Davido Davido
What Government Will Do With Bitcoin

Voluntarist, Agorist, not Pacifist. Don’t Tread on Anyone. Rely on Hard Assets, Hard Principles, and Hard People