reply on: Bitcoin will win if adopted for Business' Cross Border Payments, Worldwide \ stacker news ~AGORA

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7 sats \ 0 replies \ @AG OP 13 May \ parent \ on: Bitcoin will win if adopted for Business' Cross Border Payments, Worldwide AGORA

Thanks for sharing this documentary, I'll take time and watch it. I agree on what you say, autocracies are trying to have control over Bitcoin, I doubt they will succeed. With time, everything will get redistributed.

Businesses are mostly operated under the protection and regulation of governments- this is how governments can impose fiat monetary regimes.

In the last chart highlighted the "revenue", guess whose revenue is for. From what I know, governments are business too. The ones defining the rules, meanwhile the commerce law, has been there for longer we can remember. Govs have been just taking authority over it and make us believe we need to pass through their approval to trade. From what I'm studying, this is not true: We can operate without authorizations, licenses, fees...

China like any other government if playing in the competitive market, fiat approach! How many can collaborate instead?

Few businesses can avoid that protection and regulation- mostly just ones operating outside the law.

It is not about avoiding it, it is about learning how to do business in the private. Ok, not many have knowledge of commerce law, maritime law even less. Everything started from there. And I don't mean the lessons taught at unis and public schools.

I'm more concern about the general expectations on having a free market to flourish. How? Even in the bitcoin ecosystem, people continue registering businesses and bend to gov authorities?