Sachin on Nostr: This is why I don't take much encouragement with the US or other countries adopting ...

This is why I don't take much encouragement with the US or other countries adopting bitcoin. Because I don't subscribe to the idea that the Indian govt will automatically be favourable to bitcoin just because some OECD govts do.

I'm very optimistic and confident about the Indian people, their spirit and capability to do great things. But I'm incredibly skeptical about the Indian government and the political and legal system it claims to abide by. It's a cesspool of lies, deceit and incompetence.

quoting nevent1q…yypk

The are countries whose economies are relatively free, with the constitution placing reasonable restrictions on the government from intervening into it. There is a path towards repairing and regaining lost freedoms. There is a well-articulated, cultural yearning for freedom. Fiat money and central banking is likely the biggest barrier, with Bitcoin being a missing piece of the puzzle.

And then there are others whose constitutions have been butchered by socialist amendments, giving unchecked power to the government to interfere with the prices and the markets. Socialism has infiltrated the culture to such an extent that freedom is almost a bad word. Fiat is one among a long list of problems. Bitcoin alone cannot fix things.