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    Author Topic: Emulating the decentralised infrastructure  (Read 220 times)
    Pablo-wood (OP)
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    March 09, 2024, 02:30:37 PM
    Merited by Die_empty (1)
     #1

    Many objections have been made towards the adoption of Bitcoin as a generally acceptable legal tender except for countries like El Salvador which happens to be the first ever country to accept bitcoin as legal tender in June 2021. Estonia is another strong contender for top countries where crypto and Bitcoin is regarded as legal tender.

    One big limitation that might accompany the adoption of Bitcoin as legal tender for most countries still dragging their foot towards this adoption is the issue of tax regulations , inadequate consumer protection, Financial institution reluctance, I will also add concerns to the environment.

    If we must emulate this decentralised infrastructure in our everyday experience except for the concern of taxation and consumer protection I have the notion that every other limitations can be discarded and treated as irrelevant.

    Take the financial institution for example this set centralised entity has done more harm lately than good to the wellbeing of their consumers right. And because this act is been fueled by most country leadership the citizens just have no guts to complain but rather endure and tolerate this excesses.

    In my humble opinion decentralisation will do our world more good especially now the centralised system of government is having lapses and loopholes

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