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    Author Topic: Bitcoin becoming Legal tender  (Read 1413 times)
    yhiaali3
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    March 15, 2024, 05:49:05 PM
     #21

    There is a major contradiction between the concept of decentralized Bitcoin and the concept of absolute central authority exercised by governments over current monetary and economic policies.

    It is very difficult for the central government to accept a decentralized currency that it does not fully control as a monetary system for the country. At best, it can accept Bitcoin as an alternative method of payment and nothing more.

    In addition to governments' refusal to adopt Bitcoin as a major legal currency due to its decentralized nature, there are other negative factors in Bitcoin that prevent this, such as known network problems such as congestion and high fees.


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