• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
saifedean Ammous
Nexo

Saifedean Ammous: It’s ‘Not Certain’ That Bitcoin Is Government-Proof

Anja van Oosterhout by Anja van Oosterhout
3 years ago
in News, Bitcoin, News teaser
0

Bitcoin is not free from the threat of government interference, ‘The Bitcoin Standard’ author Saifedean Ammous warned mainstream media this week.


Ammous: BTC Up 18 Million Percent

Speaking in an interview with German finance magazine Boerse Online, Ammous, who is well known as one of the biggest active Bitcoin bulls, said that despite being technically unstoppable, Bitcoin still faces its enemies.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

“We can’t exactly say whether Bitcoin is protected from governments,” he responded when asked about individual governments’ potential impact on use.

However, it is laid out in a global way, which would make it difficult for a government on its own to ban it completely.

The comment came at the end of a brief exchange during which Ammous mentioned some of the most frequent arguments for Bitcoin’s future longevity.

These included its scarcity, inability to be manipulated compared to fiat currency, as well as its ‘raison d’etre’ stemming from irresponsible government policy.  For investors, he noted, BTC’s success already speaks for itself.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

“It has already increased 18 million percent in ten years. No other cryptocurrency or any other asset has ever managed to do that,” he continued.

Bitcoin, Naysayers And Digital Gold

As Bitcoinist reported, Ammous continues to take naysayers to task since the publication of ‘The Bitcoin Standard.’ Last month, it was the turn of Peter Schiff, the veteran gold bug who, while slowly becoming more sympathetic to Bitcoin, still believes it could never become a ‘better’ gold than gold itself.

peter-schiff bitcoin gold

“…Governments still control the majority of gold, governments are able to influence the market for gold through their sales and lending… and governments own a big chunk of the gold,” Ammous told Schiff in an debate refereed by trader Tone Vays.

Afterwards, he nonetheless also urged caution on Bitcoin’s long-term security, noting that even its decentralized structure should not be thought of as an inherent certainty.

“My point is that even in the worst case scenario Bitcoin can support thousands of final clearance banks, which is thousands more than the single-node USD or gold systems of the last century,” he wrote on social media.

It thus has a much better chance at resisting centralization. I can’t promise it will!

As Bitcoinist noted recently, Ammous’ predictions seem even conservative compared with some other studies charting Bitcoin’s likely progress.

A report in April from software company DataLight claimed that on a consumer level, Bitcoin would even usurp fiat competitors such as Visa and MasterCard if current development continues – and all that by 2028.

What do you think about Bitcoin’s protection from government? Let us know in the comments below!


Images via Shutterstock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Anja van Oosterhout

Anja van Oosterhout

Related Posts

Follow The Money screenshot

Let’s Dissect The “Follow The Money #1” Documentary, Pt. 1- Salvadoran Confusion

7 mins ago
Magic Johnson

Magic Johnson Unveils NFTs Showcasing The Basketball Legend’s Iconic Moments

46 mins ago
Peter McCormack screenshot

Wright Vs. McCormack, The Bitcoin Trial Of The Year Began In London

5 hours ago
Bitcoin BTC BTCUSD

Rich Dad Author Recommends Bunkering Down With Food, Guns, And Bitcoin

18 hours ago
liquidations

Liquidations Settle As Bitcoin Regains Footing Above $30,000

19 hours ago
Balenciaga

Balenciaga To Accept Bitcoin And Ethereum Payments In The U.S.

20 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.