<html>
<p><strong>We all witnessed the recent collapse of Bitcoin, when it quickly dropped to $ 9,200. As we have already explained, this fall is quite predictable and for the watchdog industry it was not a surprise because this is the fourth year in a row.</strong></p>
<p><br></p>
<p>However, this year there is a significant difference in this seasonal event. The difference is in the background of the information. Earlier this year, as never before, the media is filled with frightening news about various bans in various states. Let's add to these almost daily speeches by bankers and Nobel prize winners about bubbles, then the image is drawn apocalyptic.</p>
<p><br></p>
<p><strong>The states have noticed us</strong></p>
<p>Let's try to discover what is happening. I think the logic is absolutely simple. Although the circle of people involved in the encryption industry was relatively small, it reminded more of the game in the test zone and did not affect the powerful of this world, then the states simply did not notice this phenomenon.</p>
<p><br></p>
<p>The peculiarity of 2017 is that the cryptocurrencies, together with Blockchain technology, burst, gaining momentum like a snowball in the daily life of citizens and organizations. You can only try to imagine what cash flows started to go to the uncontrolled side. And if you look at ICO, which raised hundreds of millions of dollars in a few days, you can imagine that state structures would not notice it.</p>
<p><br></p>
<p>I think it is already clear to everyone today that cryptocurrencies are an integral part of the lives of a large number of people, and huge amounts of money are circulating absolutely unpleasant for the state in this sphere. Consequently, one can not ignore this process anymore and the obvious question arises: what to do?</p>
<p><br></p>
<p><strong>Common horror stories</strong></p>
<p>Nowadays, a common reaction is the prohibition and the imposition of serious restrictions to the market of cryptocurrencies. Here, states follow a trite and proven path. At the head of this, of course, is the care of a simple citizen. And here, in aid of the regulators, come eternal words and terms, such as the financing of terrorism, the purchase and sale of drugs, the legalization of proceeds of crime, tax evasion, etc.</p>
<p><br></p>
<p>At the same time, the mechanism of the complete replacement of the concepts and the cause and effect relationships of the events is included. It immediately comes to mind as an example of the application head of the Russian Federal Drug Control Service (now defunct) sounded two years ago that "Bitcoin is illegal and should be banned because it is a means of payment for the purchase of drugs" Frankly, after listening to this, I laughed for a long time, and then I became indignant, the drugs were bought and sold long before the advent of the cryptocurrency, and I as a citizen more interested in how, for example, a kilo of heroin He came to my city without going through a large number of limits, which are serving a lot of different border guards, customs officials and a lot of services on the contents of which I pay my taxes, and not for than the kilogram bought.</p>
<p><br></p>
<p>And so in any horror story, as the terrorist brought weapons, as the corrupt official stole state money, these are the questions that the state must answer, and not expose the root of the evil Bincoin, which simply acts as the usual means of payment .</p>
<p><br></p>
<p><br></p>
<p><strong>The true reasons</strong></p>
<p>In fact, the basis of the actions of the states is the cause that is on the surface. At the core of any self-respecting cryptographic currency is anonymity and decentralization, which means relative freedom for any user in possession of their finances outside the state system, while on a cross-border scale. Bitcoin and cryptocurrencies are intended to replace the traditional financial system, and this is one of the main elements of state governance. It is this fact that worries officials and bankers.</p>
<p><br></p>
<p><strong>Bitcoin as an indicator of democracy</strong></p>
<p>As we all know, any democratic state puts at the head of the motto of democracy is the protection of the rights and interests of citizens. Democracy is positioned with the fact that people's desires and interests are in the lead. And this, in my opinion, should be a key indicator when addressing the issue of cryptographic currencies.</p>
<p><br></p>
<p>We already have examples with you. The brightest of them is Japan. If a Japanese has the desire to sell something for a cryptographic currency, and another has a desire to buy, then this is not a problem. Bitcoin is integrated as a means of payment along with the traditional national currency and, as we observed, coexist peacefully.</p>
<p><br></p>
<p>And if after the cryptographic currency the advantages are shown and the sympathy of the majority is won, then, as the saying goes, the strongest wins. Probably a natural selection, that's what the financial world lacks today.</p>
<p><img src="http://www.southeast-asia.atkearney.com/documents/10192/13942233/TB-Winning-in-Digital-Innovation-Turning-Scale-and-Legacy-into-Strengths.jpg/727bd778-5d60-72a6-11db-7513d17a5148?t=1501153339814"/></p>
</html>