Cryptocurrency is taking over the world and it’s looking inevitable, the government is trying really hard to control it but will they succeed? This is the question that runs through my mind everyday, sometimes when am discussing with my friends and we make statements like “should incase cryptocurrencies get over powered by the government and gets discontinued, what are we going to do?”. We say this most times because most youths right now are fully invested in cryptocurrency. Well, I personally feel that cryptocurrency can not be fully banned by the government because cryptocurrency has become so big it’s looking unstoppable.
If the governments weren’t threatened by the potential of cryptocurrency they won’t be this worried. If the government weren’t threatened or had the power to easily stop cryptocurrency, trust me they would have. In as much as I dislike politicians, seeing some politicians support crypto is heartwarming because it gives the feeling that we have a brother or sister in crypto on the inside. But you know politicians are usually shady, you can’t fully trust them, we don’t want a situation where they look supportive, get there and start acting otherwise.
We can see from the case of Gary Gensler, who was a crypto supporter before he became the SEC chairman. This got people excited especially the XRP army, they thought it would be easier for them with the SEC law suit, but guess what, things didn’t turn out like they thought it would be. My memory might be vague from all the blogs I have read in the past, but if am wrong I think he is currently supporting more crypto regulations, especially in the DEFI sector. When I read the news I was like “Dude!!! You were supposed to be on our side”. This makes me kind of wonder, is there a secret oath you take when you get to a position of power. The oath can be, how can we make things uneasy for the masses, because it’s openly obvious that crypto has caused more good than bad, but because it doesn’t favor the world’s government total interest but the masses, the government is seeing crypto as the enemy. I bet you that if crypto was designed to automatically give the government 15% of your gain on crypto, the government will look for ways to make sure crypto is utilized to it’s full potential and look for ways to make its use mandatory.
But here we are just trying to transact in peace and peacefully achieve our financial freedom and save us from the unnecessary financial rule centralized entities and the government have made for us through out the years. I sometimes wonder, is there like a politician’s summer camp, where you go to learn to be and act like a politician because in my opinion, politicians act alike. They have one thing in common no matter the country, make life uneasy for the masses and enrich their pocket(in African countries this particular part is mandatory for them to do).
I want to believe that these politicians were once kids, and they probably learnt all these from their mentors. So I believe that if the world is going to change through crypto, is best we start making sure that everyone starts gaining the knowledge of crypto. This takes me back to a tweet I saw yesterday:
Now you can see that the younger generations are interested and willing to learn about crypto. It’s great that they are learning this at a very young age and understanding the concept of decentralization. Who knows, just May be, the world will be a better a place where financial justice will be executed with the use of crypto. I would have said financial equality, but am not sure it’s possible. It’s certainly not possible for everyone to be financially equal. But you get what am saying, the children is the world’s future, better to groom them when they are young so they have the crypto, decentralization and less financial corruption mindset to make the world a better place.
This post was inspired by at post on Can Crypto Still Be Banned? Is It Truly Unstoppable?.
To educate yourself more about crypto, at least read one of his blogs on crypto a day and you will get more enlightened.