Part 14/17:
Andreas acknowledged that current governments are largely unprepared for Bitcoin and blockchain revolution. Since Bitcoin is outside the control of central banks or regulatory authorities, traditional states cannot simply regulate or tax it as they do fiat currencies. He explained that Bitcoin marks the beginning of an era where non-national, decentralized currencies dominate, fundamentally changing the role of governments in money creation. Governments' attempts to impose oversight, like mandatory KYC on exchanges, threaten to create surveillance traps rather than prevent illegal activities, undermining the core advantages of the system.