Cryptocurrency is here to stay!

Governments cannot regulate cryptocurrency. They can try, but anyone with half a brain can beat the regulation of any government. The most a government can do is declare cryptocurrency illegal such as China has done. Even though China holds 1/6 of the world’s population, there crackdown hardly had an effect that lasted more then a week. Cryptocurrency is here to stay!

If governments try to adopt crypto as their own form of money, much like a stable government coin. Then they can at least regulate the ending conversion process. The problem is that if any individual knows that they will be taxed once they convert their crypto over into their countries stable coin, they will search for ways not to. This will cause the government crypto coin to inflate over time and become less valuable, along with that governments currency.

Certain things can be regulated with certainty such as homeland commodities. Rent, bank loan payments, and utilities because people will be forced to convert their crypto into government currency. But it’s a limited amount of control that people with have some power over. What certain things can you think of that can or cannot for certain be regulated, assuming that regulation or tax can only happen during the conversion process into government currency?

Another dynamic play card that governments must consider is the advantages verses disadvantages regarding competition with other countries crypto laws. When you think about it, it changes the entire game of free capitalism. If a country choses to ban cryptocurrency, will that country have an advantage over another county that invites it? It’s a complex game, but in the end, governments that accept and adapt will have an advantage over those countries that do not. Its so complex that it’s difficult to forecast with certainty, but its clear enough to see. 

In the end, people will always have the power over what is valuable or not valuable. Some people believe that money is power, but It’s accumulated human belief into one thing that gives that certain thing power. If enough people believe that cryptocurrency is valuable, then so it shall be valuable. The only way to devalue such a thing is to convince everyone that its valueless, or they convince themselves that. In conclusion, capitalism makes people way more powerful then governments and I find that fascinating, and crypto boost that power 10 fold.

I see a future that the people control, not governments. The more economic and currency control a country enforces onto its people, the less value that countries currency will become. I think this frightens the bejesus out of governments around the world. They see the problems that cryptocurrency is bringing, but it’s making their heads spin on what to do about it. They simply are not going to be able to figure it out! Cryptocurrency will evolve with the people and governments will not be able to keep up. If you Cannot win the battle, then join the enemy or Parrish! That’s the long term fate of governments who ban or accept crypto.

What’s most interesting about crypto is the idea that the people of the world will drive globalism and unification unlike any government could ever do. Think about it! Crypto is decentralized (belonging to no government), it's impossible to fully regulate, transactions can cross nearly any barrier, transactions are unstoppable! If a North Korean man wants to trade in crypto, all he needs is an iPhone! Crypto will empower everyone beyond their own government. Trade embargos and trade wars with other countries will be nearly impossible to implement and control. Anything and everything will be on sale for anyone and everyone in the world on an individual level. Makes the world we live in a much smaller place. Cryptocurrency nearly makes countries borderless.

All politics to the side, its just the natural evolution of things to come. Both political sides win! As a matter of fact, it has nothing to do with politics. Less regulation, less tax, more transparent borders, more people, even language is melting into something universal. I think that people should embrace cryptocurrency in its fullest.

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