Bitcoin Forum

Some blockchain technologies support dictatorships around the world, thus help them evolve. For example, NEM was involved in creation of El petro in collaboration with Venezuelan government, which is obviously a dictatorship, and gained support from non-democratic Russia. It also tries to establish blockchain in failed states, such as Abkhazia, and Armenia, where political stability leaves much to be desired.
Is it ok for dictators to possess blockchain or is it an obvious threat to democracy? What do you think?

Interesting question. If banks cannot stop Bitcoin, why do you think dictators can stop it? Do you think dictators like the North Korean general are not involved with crypto? It is very likely that many world leaders have been involved with crypto as whales for quite sometime, but they do not state their involvement for obvious reasons. They manipulate the cryptocurrency market whenever they feel it would be profitable for them. At the end of the day, dictators are also simply investors and I do not think they pose a problem to the crypto market and blockchain.

I think that even if platforms such as NEM don't support them, dictators still can can access cryptocurrency and make money on them, without affecting the world anyhow. Another question is whether it is good or not when such companies officially support dictatorships and even kinda endorse them. It's like releasing a killer from a cell and giving him a weapon right into his arms

I think I stated my view not quite clear. But what meant is that by endorsing them, they give ductators positive image and an air of being progressive when in fact their system is rudimentary and no real development is possible without democracy

Digital coins, altcoins, and blockchain technology is the future in financial transactions. The fact that they use it, doesn't mean that they are visionaries. They would like probably to avoid the economic exclusion, as Venezuela did with El Pedro or as the bank institutions would say, to laundry money. Venezuela is a big oil producer, but due to the embargo can't sell it. Cryptocurrencies could be a resource.

According to my point of view. The creation of encrypted money is not to be pursued by banks and government agencies. For example, criminals. Hacker. And so on, all through encrypted currency to avoid sanctions. This is the essence of the encrypted currency. So when a country can use the encrypted currency to get rid of its current predicament, they have no choice but to issue their own token.

Bollocks, and sorry for coming off strong. I think the countries trying to utilise cryptocurrency are doing so to get around the crippling sanctions placed on them by the west. How is it an ok thing to punish citizens of a country for the actions of their leaders? The only people effected by sanctions are the poor. Seems pretty counterintuitive to me

Blockchain technology has nothing to do with democracy. Anyone can use it on good and bad purpose. If you try to restrict it then it is not democracy at all. Democracy is US is not democracy at all. They have many new laws that contradicts democracy.

For Venezuelan leader Maduro El Petro is just an instrument to overcome sanctions, too bad that this might be a factor which contributes to his political position.

Come on, please leave democracy or dictatorship out of this. Everyone is free to use or promote the technology. It does not matter which country or which leader.

I agree that it's technology of future but the fact that anyone could use it to launder money or whatever bad purpose kinda bothers me

It is ok in my opinion, you should have seen not only dictators but some democratics were using blockchain to develop the more transparency. It's not a threat to the democracy but as far as i know just like petro and it has the purpose to raised the dollar to be the reserved funds for venezuela, blockchain just act like a money machine.

I do believe that mostly people involve and founded on this business are more on high profile persons like political leaders that handled biggest position. Like for example a certain leader like president on a certain country, so we can determine that this business are now successfully operated because of the brilliant people involve on this business like big groups of political leaders who support and founded and like a real person who build on this particular business. And I really believe that because of them this business are now strongly standing in the line as being called a cryptocurrency business. So those leaders are act like a dictators using blockchain and treated into democracy.

without problem, if goverment or country create coin create token to get money and develop county
whatever dictators or  not without problem
loan G to G or open ico to develop country is good open ico,

I think that we should stay as far as possible of the politics. The moment the politics get deeply involved they will just destroy everything.
I like the way block-chain works and the decentralisation, but this will not work well in the politics world.

I think that dictators are using blockchain is democracy and not a threat. In my opinion dictators will help the crypto world and users of crypto world will be benefited by it.

Yes you are right. This might happen by the dictators. I think this is the limitation of blockchain and in this regard security assurance need to be stronger to avoid leaking any confidential information.

With the anonymous status of every person in the internet along with cryptocurrency then most likely that many people in the different government around the world will likely to use it. It can be to generals to corrupt government officials  to buy anything they want in the black market.

From my perspective I think detectors may threat for democracy. Because they always wants to dominate everywhere and it is not good for democracy or crypto currency.

Blockchain technology is for all to use. It can be use not just in cryptocurrencies which is good. Don't we like it to be used by a government? So there it is, it prove itself that it can be useful is any manner. We are not to oppose all these as its free to be used, it is in fact to be encourage. If banks are going to use it, so be it.

Well, what can you do exactly to stop dictators from using it? Doing anything to prevent certain groups from using Ethereum or NEM as a platform really isn't an option.
I really find this a weird question, just because 'blockchain', as you call it, isn't controlled by any central authority. So how can you prevent someone from using it?

Wether it's okay or not is besides the point completely, it really doesn't matter if anyone thinks it's okay or not.

If you don't want about their way of doing crypto business then I think it would be best for you not to engaged too much on them since your just stressing yourself, look for other blockchain wherein you can exercise your democracy freedom and all.

Blockchain technology can be used freely and without a doubt can get into the hands of different regimes, but “a threat to democracy”? It seems to me you don’t quite understand how blockchain really works. However, NEM’s involvement in some shadowy projects is unquestionable and I’m really concerned about it

I think you are overthinking on this matter. There is nothing to be so worried about it.There are many dictators who are involved with the crypto market. They are the big whales and they have much influence on bitcoin but this will not bring any harm to bitcoin or democracy. Take them as simple investors. Harming bitcoin will not be profitable for them too.

I think you should read more books and stop watching the news. By the way dictators are using air to breathe and water for drinking, do you think air and water are the treatment for democracy?

Mentally speaking, when someone hears the word "Dictatorship", it will raise or create negative point of view where a huge number of people are willing to express their thoughts. Dictators using blockchain will never be a threat to democracy. Does a blockchain have that kind of power like a super hero does? I mean, I never understand your question why a dictator using blockchain will be related to democracy.

You lack the fundamental knowledge of democracy and Independence.
No countries and no leader are totally democratic or dictator.
You can argue anyone to be a dictator or not.
Similarly you can argue about the use of crypto.

I don't think that this could be a threat. The cryptocurrency market is a decentralized system and it runs on it's own policies. Dictators getting involved in investments of this field will not make quite a difference.

The Blockchain technology, in the hands of a dictator, is the perfect tool to exercise absolute control over the population and economy in the 21st century. The undue use of Blockchain would allow a dictator to reinforce corruption and maintain absolute control of the financial system by making maneuvers completely anonymous. You can examine El Petro and Maduro situation as an example

the firmness as elite of county with distinct on customs of characteristics to goes on decision as extending use with the tasks of release as disputing request of appreciation to returns with the arrange as the modulation to work on projection.

I think that dictators are using blockchain is democracy and not a threat. In my opinion dictators will help the crypto world and users of crypto world will be benefited by it.

I don't think they help much. Take Venezuela's Petro and other initiatives. FAILED