Will the government ever stop? They won't but that's a good thing for crypto

The biggest mistake we could make as crypto-enthusiasts is to underestimate the limits the government will be ready to push beyond to attain the necessary influence over every monetary structure.

At this time, there's a handful of laws that govern us that merely appear as "good" for the general public but the reality of laws is that they maintain the power of the people in higher tables, the ones one might say are above the laws.

This is of course the major problem with the legacy system of governance and the traditional finance ecosystem, everything is designed to be under the will of centralized powers that can toggle the switch of pain and extreme pain as deemed fit until the pockets can't withhold the current outpoured value from the event - it's that sad shit.

Crypto is a new financial technology that has proven to be a threat to global economic structures and their respective centralized body of governance, this is evident in widespread panic to regulate the cryptocurrency ecosystem.

The Chinese government is going to try to replicate every single technology that is birthed within this space. This is evident in its plan to build its metaverse of some sort, a plan I find utterly ridiculous given that the industry-wide metaverse development is far ahead of itself because the infrastructure needed to run the biggest e-commerce and recreation digital ecosystem is yet to be actualized and all in-app economics will inevitably be backed by crypto payments and blockchain security.

Judging from this, it's safe to speculate that the Chinese will try to build a new version of crypto, This will typically be called a CBDC and that also means that a centralized blockchain network will be in the works - well, that is nothing new given that we already have numerous enterprise blockchains running around the crypto space but I don't expect transactions on a government-backed blockchain to be made public.

The decentralized economy - how the government's efforts are a good thing

You know, many times we would just want the government to stop controlling certain things and probably just go away but the truth is that the government is rather a very huge piece of the pie.

There are instances with centralized governance where one might be almost forced to admit that this system has its benefits but when the demerits outweigh the merits you call for what?

A Change, but you better be ready for war!

A finance and governance war is looming, it's likely the largest we have ever seen and hopefully, it will result in no physical combat but merely on the merits of global trade.

Sometimes we are fixated on the "idea" of decentralization so much that we do not understand what it means. Well, if we are to explain this quite frankly, it means that everybody has a fair entry chance, and one could still work his way to the top within the system.

Does this mean crypto will become centralized? Well, isn't there already evidence that many crypto structures are centralized?

This points us to the fact that many things will be centralized, humans are power thirsty and the governments are humans so many crypto structures will be ambushed by the government but there will be networks that will show incredible strength against them.

That said, the bottom line to all of this remains that even what the government will do to centralize certain crypto structures will make the wider ecosystem more decentralized because decentralization lets the rulings of the larger influence on the network to get passed, so if a network should fold for a bigger power, a decentralized consensus was reached to allow this.

Also, the broader ecosystem will still widely be decentralized given the reality that there would also be newer structures popping up, adding to the current resilient networks - the fights will only break the weaker chains and expose the stronger ones to vulnerabilities that need to be tackled and built away from.