In developed countries where humanity is respected and citizens have rights to fight for their freedom, governments are not free to do everything they want. They have to step back and accept some requests from citizens.

Oppositely in developed countries or ones from third world or from countries with dictatorship like Russia, North Korea, Cuba etc. people have zero freedom or little freedom. They don't have basic human rights and governments have more power.

If Bitcoin won't die, governments can not banned it or killed it entirely. If they can not banned the Internet and can not restrict ASIC manufacturers and Bitcoin mining farms, they can not kill Bitcoin.

They can not steal your bitcoin if you store your bitcoins in non custodial wallets.
In contrast, they can steal your bitcoin if you store it on centralized exchanges that can be fully controlled by governments.

 Most of the reasons as to why the govt would be adamant on fully accepting Bitcoin has been enumerated here but I'd like to point out another reason; encouraging and accepting Bitcoin will directly mean they are relinquishing control and without control over your finance, it becomes difficult for banks to dictate how you spend your finance.
 Till date, there has been the issue of banks and govt fighting against the digital coin, with it's penchant for high volatility, it is regarded by them as unstable and untrustworthy; these are true facts but their main reason of objection is so control is not taken from them. Too bad for them that the scales have fallen from people's eyes.

Government will not likely rely 100% something that isn't thier creation and something they cannot control. The government knows how to control her citizens. They know how to filter the information and give us mutilated information.
The government is used to crooks and manipulation, it they will not accept bitcoin which they cannot easily manipulate.

Another question is why accept alternative currency when you have a working and well trusted fiat?

They do can! but the way of the government steal our Bitcoin is different.

They can't print more Bitcoin out of thin air, but they can force their citizens to use the exchange and wallet they've built, they can create an exchange with high trading fee, withdrawal fee and automatic income tax calculation on their own wallet and exchange.

It's actually a win-win solution for both government and citizens, but making Bitcoin become legal tender isn't easy task since they need to follow the whole Bitcoin regulation and they need to face a politic problem from countries which ban Bitcoin.

At least for western democraties, that's a dire view of elected officials. Perhaps Plato put it in a more balanced way in The Republic (mother of said western democracy), to the effect that the best suited to rule are least likely to want to, and perhaps those less suited to rule will be more inclined to desire power due to their own shortcomings.


That's not quite correct, in my opinion, in the sense that the finance industry successfully lobbies to create incentives against decentralised financial tools, which otherwise they want to continue to provide and control, at a premium. I've been on the lobbying side, and in my experience it is laughably easy to convince officials to see the light, usually because of very human insecurity and reverence issues, rather than outright bribes.

The other and major part of governmental non-acceptance is, I believe, precisely the decentralised qualities; every government's first and foremost issue is the successful taxation of its constituents, and in a fully decentralised financial system neither verification nor enforcability are feasible.

I don't fully accept.

You said the government won't be able to print Bitcoin like Fiat, but they can manipulate the price by releasing a deadly virus to give faded hope to humanity so they can grab every chance ..

They call Bitcoin fraud and later behind the scene they buy as many as they can, how sure are you that the government isn't buying bitcoin for years already, they can't beat Bitcoin, accepted, but they can join the train and create fear and panic to drop the price.

Do you know that people are paying taxes on their Bitcoin holdings? That's bringing in money as well, there are ways they can still monetize this crypto space as a whole, do not underestimate those people.

It's a good thing that Satoshi Nakamoto is unknown, he knew what will happen if he came out in the open.

It is actually not so much about self interest but mostly about control. For example imagine if the government wanted to freeze someone's money (like the Canadian government did last year to its protesters) they can only do it if they have full control over their people's money otherwise if people were using something they have zero control over (like bitcoin) there is nothing they could do.
Ergo the governments are almost always against bitcoin and want to prevent bitcoin adoption, of course exceptions apply like El Salvador.

First we should look at the indices that make up the whole concept of bitcoin and what it stand for, as we journey into acquiring more knowledge about bitcoin we open up our mind to accept a decentralized and proven cryptography.

Just like mathematical equations bitcoin as a computed data have made decentralization and independent individual freedom more achievable.

Beuocratic government may not welcome the idea of decentralization, but bitcoin have continued to thrive for better industrial technologies making it evident with proven track records.

The government itself thinks that if Bitcoin is accepted, the country will develop economically and the country will be able to keep pace with the times, but many countries do not accept it because they think that they cannot control it and through it the people of the country will be able to evade VAT tax.  And activities like money laundering will become easier. Considering these, they refuse to accept Bitcoin