from Sovereign Man:
It was only a matter of time.
In the wake of multiple terror attacks, the European Commission is moving towards creating a mandatory, centralized database of Bitcoin ownership.
Of course, their official reason is that Bitcoin is being used to finance terrorism.
So for everyone’s safety and security they need even more authority to spy on people’s finances.
But the reality is that these governments have hated Bitcoin since the beginning.
They don’t like the idea of a decentralized currency that they can’t control.
In the conventional financial system, governments have the power to regulate the banks and seize any account they want.
They can use their gun-toting police agencies to confiscate citizen’s physical cash… and given the alarming rise of Civil Asset Forfeiture in the Land of the Free, it’s clear they’re not exactly shy about stealing people’s money.
But they can’t do any of that with Bitcoin.
Bitcoin is a decentralized, distributed system. It’s impossible for anyone, or any government, to control it.
So the more people use Bitcoin, the more governments lose control.
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