It does in that sense that if you fail to comply with government regulations (including disclosing all of your assets and transactions), you will be arrested and put in prison. I’d like to hear the details on how you’re converting thousands to cash using decentralised exchanges, which btw, the government could also outlaw if they wanted to (and probably will eventually).
Discussion
The government outlaws many things. That says nothing about how much it can control them. So again, your initial statement that the government controls Bitcoin was a lie.
It’s good to criticize Bitcoin, but lying just makes you look bad.
It’s not a lie, it’s just reality. Let’s say exchanging crypto on decentralised exchanges becomes illegal but you continue to do it. Then you get audited, the government asks you for a paper trail on how your bitcoin income was converted to cash, they determine you committed a crime, and then you go to prison.
Also they’ll probably seize your money as proceeds of crime, and it’s also not a question of if it’ll be outlawed but when. Those sorts of exchanges are used to launder criminal proceeds and the ppl engaging in them may be violating AML laws as it is now.
Fair enough, but you said the government already controlled Bitcoin. That is patently false since it’s perfectly legal to sell commodities for cash peer to peer.
Pro tip: don’t lie
Again, just because you don’t like the truth doesn’t make it a lie. What I said was “bitcoin is definitely subject to government control. It’s already controlled to some extent.” which is factually true.
You said “it’s already controlled” all anyone needs to do to see you’re lying is scroll up dawg
oh, lol, my bad. you included that part. but kinda strange since I asked you how it was already controlled and you just talked about stuff that *could* be made illegal 🤔
is it already, or *could* it be?
Well, the legislation is being written now in response to the ridiculous fraud that’s been happening for years, so expect a major crackdown soon.
But yeah, the government forces you to tell them about your crypto assets and report any income and so on, just like fiat so I don’t see how bitcoin is “liberating” you from that system. In terms of p2p exchanges for cash, that’s almost certainly a violation of AML laws already so this idea that you can just hide your assets and activity from government simply isn’t true.