For example, in my country, using Bitcoin as a means of payment is strictly prohibited. This raises the question: how can a store on my street accept Bitcoin as payment for goods? Regulatory authorities would close it within 24 hours! 🙋
Governments of all countries prioritize protecting their national currencies. The situation is further complicated by the fact that Bitcoin cannot technically be used as a global means of payment. The number of possible daily transactions is limited. This is, incidentally, why stablecoins have become so widespread. In Asian countries, and elsewhere, stablecoins are very common. You can even buy real estate with them.
Therefore, the ideas of the author of this thread seem, unfortunately, utopian to me. Bitcoin's mission, in my opinion, is to fill the gaps in the modern financial system. Bitcoin can be used in situations where fiat currencies, for whatever reason, cannot be used. This is what constitutes mass adoption of Bitcoin.🧖
Bitcoin works best as an alternative to fiat. Both of them have strengths and weaknesses, that it can exist side by side. In your case, government policies are one of the impediments to the adoption of Bitcoin. In this condition, Bitcoin adoption would be slow. Businesses also prefer to accept a more stable currency as a means of payment. This makes fiat better than Bitcoin.
Bitcoin adoption will happen naturally, so we don't need to worry. Our responsibility is to promote Bitcoin as we can. But we cannot dictate to people how they would use Bitcoin. Everyone is free to use it the way they want.
Bitcoin and fiat currency can exist within the framework of the concept of the unity and struggle of opposites (classical dialectic).🙋
Governments will restrict Bitcoin's use by all means possible. Governments wield legislation and a powerful repressive apparatus. People will try to use Bitcoin because they are dissatisfied with how officials control their destinies. It's hard to live in countries with hyperinflation. It's hard to live when a commercial bank can block your transactions at any moment...
In their fight against Bitcoin, governments will introduce central bank digital currencies, KYC, and AML procedures. People, in response, will use Bitcoin in conjunction with Monero. This is dialectic! Dialectic is the basis of all development and evolution.💁