RE: Bitcoin: Are you ready for Taproot? Decentralization in action!
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What are your thoughts about Taproot, decentralization, and bitcoin? Is it a million dollar yet? :)
I am hearing about Taproot for the first time, but I still feel, the government can always enforce any decentralized network, if they wish to. Slowly the perception is changing, e.g. India was planning for a complete ban and based on what I hear now, they are considering not to ban and instead tax. So at the end, we still the government support to spend the money. Imagine, if everyone holds bitcoin and cannot spend, then what value it brings in..
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Indian government has been confused about crypto really and how to deal with it. But I think as of late they are realizing that bitcoin and crypto can be beneficial, especially with India having a great intellectual, engineering, and technological capital.
I believe as time goes by India will embrace bitcoin and crypto and become a leader in the space.
That said Bitcoin doesn't need anybody's approval. If one country bans and limits access, many more will allow. There will always be use for it. It is about time how soon countries face the reality of the inevitable future.
Tell this to Nigeria too.
It is really sad they don't see this opportunity fast.
But eventually they will.
Thanks for the info.