Governments and Banks Don’t Get Bitcoin

Governments and Banks Don’t Get Bitcoin

By Bit Dawg | Bit Dawg | 1 Dec 2020


Although governments and banks are about to launch their own versions of Bitcoin, they simply don’t get it.  Bitcoin was created to avoid the governments and banks.  

Banks take your money, charge you fees to take your money, profit off your money, or lose your money in risky or poor investments and then ask for more of your money by bail out.  

When money was physical, dollars or gold, this made a little more sense.   It was smart to have a protector of your money.  But now that money is digital, how silly is this model.  

Governments devalue your money.   They take your money in taxes and misappropriate it.  Look at the Social Security “Trust” Fund.  No need to say more there.

Bitcoin was created to allow YOU to KEEP control of YOUR MONEY without it being DEVALUED.  Deep down, Governments and banks HATE this concept because THEY WANT YOUR MONEY.   

Bitcoin also allows you to transfer your money peer to peer without governments and banks.  

Enough said.

 

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Bit Dawg
Bit Dawg

I love to read and write about Bitcoin. The cryptocurrency and its potential uses fascinates me. I have used the Gemini app, the BRD wallet, and the SPEDN app to familiarize myself with Bitcoin. I want to share my knowledge in an easy to understand way


Bit Dawg
Bit Dawg

I write about Bitcoin and Dogecoin in simple, digestible words.

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