Bitcoin Forum

Economy => Economics => Topic started by: DashingAgent on January 14, 2020, 04:43:13 AM



Title: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: DashingAgent on January 14, 2020, 04:43:13 AM
Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: avatar_kiyoshi on January 14, 2020, 02:49:50 PM
This thread should be move to Economy section.

It's looks like you blame your wages. Try to find a jobs that have a higher wages, try blockchain industry or do a business.
Bitcoin price is depends on the demands, with current price it's need mass adoption to make it hit $100k or more.

Well, at the first time we can't force the government to recognize Bitcoin as payment, they have own laws which actually made for their profit.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: ashmodeus on January 14, 2020, 03:29:32 PM
So , their economy will collapse because too much money out and of course , that its not a reason for increasing bitcoin price.
A simple reason, high demand make price go high.
Just it. About no one goverment want to make their citizen become millionaire, well , i have no idea.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: wajik-tempe on January 14, 2020, 03:35:44 PM
So , their economy will collapse because too much money out and of course , that its not a reason for increasing bitcoin price.
A simple reason, high demand make price go high.
Just it. About no one goverment want to make their citizen become millionaire, well , i have no idea.

Maybe it's more like the government are afraid of their citizen could hide their money into cryptocurrency and they have the potential for hiding text, and also the government could not able to control people's wealth and it will be a threat for them


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: rijaljun on January 14, 2020, 04:24:12 PM
Maybe it's more like the government are afraid of their citizen could hide their money into cryptocurrency and they have the potential for hiding text, and also the government could not able to control people's wealth and it will be a threat for them

I have the same opinion, Bitcoin aren't supposed to make us rich even though the fundamental side of Bitcoin is promising but that's not the purpose. The main purpose is to free anyone from anything, to be as free as they can control everything they own by themselves.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: avikz on January 14, 2020, 05:36:06 PM
Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

Lol! UK is positioned at number 26th in the list of per capita income. So you have chosen a wrong country as a benchmark! There are hell lot of countries which earns 1/10 of that hourly income! UK is still in a lot better state than many many other countries of the world! $11 hourly wage is indeed a great amount of money! People can still invest a lot of money into bitcoin if they are willing to!

Quote
I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?

ROFL!! Who said countries are free to print currencies and its value will not be effected? No countries are allowed to print free money! If they do, they will end up in an economical situation like Venezuela or Zimbabwe! The situation is called Hyperinflation. Have you ever seen a 10 billion dollar note? If not, see the below link,

https://en.m.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: turkandjaydee on January 14, 2020, 05:38:08 PM
Why not? The more money citizens have, the more tax they will pay. Especially if citizens are very successful to get money from other countries (like international business).

Maybe it's more like the government are afraid of their citizen could hide their money into cryptocurrency
This is very unlikely to happen anymore. We all see KYC is already everywhere, in almost every exchange.
Unless if you never trade your coins for fiat and always use them directly.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: FLoving on January 14, 2020, 05:43:27 PM
Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?
Up to some extent your point is also correct but with that I will also say that if these people will also start some online jobs then they will earn some extra money and they can invest them in bitcoin. They also have a lot of opportunities to earn in bitcoin and if they will work for the crypto projects then this field will also get strength and a time will come that they will earn much more higher than what they earn in fiat and then they can start full time crypto jobs and businesses.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Kevondo on January 14, 2020, 05:47:25 PM
Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?
As we know that Bitcoin is not under the control of Government or central banks, governments pay very few wages per hour to their employees so that they cannot invest much in Crypto. It is indirect way of not making people rich, because if people will invest much in Crypto, Bitcoin will hit higher and they would become millionaire.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: 1Referee on January 14, 2020, 06:26:01 PM
Why not? The more money citizens have, the more tax they will pay. Especially if citizens are very successful to get money from other countries (like international business).

The more money citizens have, the more financial freedom they have, and the more incentive they have to actually start circumventing taxation legally where possible. The rich isn't rich because they are getting their asses taxed off, but because they know how to legally game the system governments set up.

In the end, people shouldn't just blame the government for everything. If you really want something to happen, you can do it. If you by default think that you won't get anywhere because the government will make life difficulty for you, you lost right there. You can only blame yourself for thinking like that and the fact that you aren't getting anywhere.

Governments are not your friend, but they don't have to be in order to be successful. Most people however make life so difficult for themselves that they stay poor for ever.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: milewilda on January 14, 2020, 08:24:06 PM
Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?
As we know that Bitcoin is not under the control of Government or central banks, governments pay very few wages per hour to their employees so that they cannot invest much in Crypto. It is indirect way of not making people rich, because if people will invest much in Crypto, Bitcoin will hit higher and they would become millionaire.
I don't agree into these sentiments yet come to think that wage rates have been there before bitcoin exist or crypto market comes out which basically means that theres no connection in regards to this situation if a certain individual do lived on a low paying salary country or not.
Bitcoin/entire crypto market does depend on demand even how small your salary is and If you are eager to invest then it doesn't need up some govt intervention.This had been always part of the reality where there are rich and average earners where it can give out capabilities in terms of investment opportunities and theres nothing equal when it comes to that matter.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: tenakha on January 14, 2020, 09:44:11 PM
I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?
Printing as much money as they want without loss of value? Then why do we all work? Let them print the money, we are going to the world tour. It is like ruining the world economy based on years of experience. What do you think makes the existing assets valuable in the world? Being limited, right? e.g If the whole world were made of gold, not of ground, would gold be so valuable?


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Wexnident on January 15, 2020, 03:17:20 AM
Bitcoin was, currently anw, not meant for commercial use and as such only those with the financial capability could use them. Most of its usage is done because of the anonymity it provided to its users. Theres also the addition of it being volatile, which makes the implementation kind of useless, at that moment that is. Once price regulates after the supply has stopped increasing, BTC could then be used by all. At least, at some level anyway.

Dollars and currencies may be free to be printed, but that doesn't mean it should be. It isn't just simply print and its done. There are other issues to be concerned with like the current inflation of the market. Limitlessly printing money without concern is destroying the market inside, and if they did what you àctually wanted to do, the US dollar wouldn't have made it this far tbh.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: NathanJB on January 15, 2020, 03:47:24 AM
Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?

I can feel you and I share your frustration. But the government does not intentionally limit the wage so that we cannot invest on crypto with big amounts just like the rich are doing.

To be fair, Bitcoin was worth 0.0005 cents or even much lower when it first came out. Where were the people at that time, especially those who have heard of it? Everybody can afford it. But only too few bought or mined or got it from faucets and other sources. Right now, it is hard pointing fingers. We also have had our failures.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: merchantofzeny on January 15, 2020, 08:43:21 AM
Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

Well it can hit $100k if it was manipulated enough, it's just that it won't stay at that price as people eventually move out their money.

I can feel you and I share your frustration. But the government does not intentionally limit the wage so that we cannot invest on crypto with big amounts just like the rich are doing.

To be fair, Bitcoin was worth 0.0005 cents or even much lower when it first came out. Where were the people at that time, especially those who have heard of it? Everybody can afford it. But only too few bought or mined or got it from faucets and other sources. Right now, it is hard pointing fingers. We also have had our failures.

Agreed. It's not like the government is eyeing every investment we are trying to get into. Heck, they probably want us to be a bit richer so they don't need to bribe us with money they can keep for themselves.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Ucy on January 15, 2020, 10:36:55 AM
You think only fiat currencies coming into crypto increase the price of Bitcoin? I think a well built decentralized community could also contribute greatly to price increase. If things are built in such a way that people depend less on typical governments, why would anyone then worry about wage increase from government? I think it would be better to be less dependent on governments for long-term/sustained benefits. I strongly believe decentralization/crypto can help in this regard.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: hatshepsut93 on January 15, 2020, 11:02:38 AM
Your assumption that Bitcoin's growth is driven by minimum-wage workers is simply wrong, the main players are middle class and wealthy individuals and organizations like investment funds. Also how do you expect a government to raise minimum wage by x10? This can only be achieved with Zimbabwe-levels of inflation, and it will just ruin economy. Plus you are forgetting that Bitcoin is a globally traded asset, so it's not enough for one country to implement something, all of them should do it to affect Bitcoin.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: abeecrypto on January 15, 2020, 11:17:09 AM
Let me get this straight. What you are saying is that the ability of Bitcoin to hit 100k is hindered by the wages paid to people.  I don't agree. What makes you think when it is increased to the $100 you proposed, there will be more flow into the market?  It wouldn't work much.  There are many people who have much money to spare but wouldn't put into crypto. Some only spare very little into crypto.
The government can't  just raise the wages by 100. It's going to tell on them and their economy.  All those things are strategised to prevent some sort of economic crisis.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: stompix on January 15, 2020, 11:29:08 AM
If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour.

And then you're going to have to tip your pizza boy 200$ and the delivery cost will be another 100$.
How about they raise the wage to 34 centillion per hour?

After all, it's not the government who pays those wages, it's the owners of private businesses that do, the government is just redistributing someone else's money.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?

Yeah, the zimbabwe dollar was free to print...the bolivar also...till it was more expensive to print a banknote than the value of that banknote.
This is why I've always said that economy should be a mandatory study from middle school for everybody.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: DashingAgent on January 15, 2020, 11:55:37 AM
You and many people are talking about Zimbabwe and Venzuela, the country who does not officially handle or has United State Dollar or British Pound, Euro, I am just talking about currencies those are being printed freely Like USD, Euro, Pound. Do you know that there are more USD in the World comparing to ZMD? But USD is stable, did anyone face or reported any hyperinflation yet? The term hyperinflation is just created to manipulate the economy of a region, US does not want that any country can do business without USD. Thats why they manipulate the currency by this so called term otherwise when you have more money, you could be more free to spend, enjoy your life or pay taxes. So where is the problem when a govt get a punishment with this so called term 'hyperinflation'? Actually there is no hyperinflation, US just manipulate the prices by applying this term on debit. Because US only accept USD, it does not accept any other country's currency, therefor It divide the total country wealth with the remaining asset in USD to calculate the value of that country's currency, it is where the hyperinflation come to existent.


Your assumption that Bitcoin's growth is driven by minimum-wage workers is simply wrong, the main players are middle class and wealthy individuals and organizations like investment funds. Also how do you expect a government to raise minimum wage by x10? This can only be achieved with Zimbabwe-levels of inflation, and it will just ruin economy. Plus you are forgetting that Bitcoin is a globally traded asset, so it's not enough for one country to implement something, all of them should do it to affect Bitcoin.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: samcrypto on January 15, 2020, 12:01:01 PM
No matter how much you earn, if you don’t know how to invest and save then your income is useless. This is the best lesson I‘ve learned from my work. I’m working now and earn $10 a day and yet I still able to buy bitcoin because I want to and not because my government told me to do so. If you want to become a millionaire then never depend on your government and start working wise, also remember that not all people works from the government.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: NavI_027 on January 15, 2020, 12:26:02 PM
No offense but I do not agree on the title, No government want its own citizens to be millionaire or let's say at least a decent rich? Nah, that's not true. Of course every country want their economy as best as possible. In my opinion it's not that our government doesn't want all of us to get rich, it just so happened that it was ideal and almost impossible to attain. As long as mankind has no strong unity and  greed/pride are existing then inequalities will be a constant thing in this world. The idea of "rich and poor" will remains :(.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Karmakid on January 15, 2020, 12:41:34 PM
All of the government want their citizen to succeed in life or better, be a millionaire. Having a millionaire in a growing economy will boost its progress even faster because the millionaires will bring more money into the circulation of cash in the economy which will result for higher accumulation of taxes and more jobs that will be created because of the opportunities that the millionaires will provide to its government and country.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: stompix on January 15, 2020, 12:44:34 PM
Do you know that there are more USD in the World comparing to ZMD?
Yeah, why shouldn't be more? It's the size of the economy that matters and the usage of currency, just as there are less Moldavian lions than Canadian dollars.

The term hyperinflation is just created to manipulate the economy of a region,

Kiddo, you have obviously never experienced hyperinflation.
After the fall of the URSS most of the eastern countries have gone through a really rough time, do you know how it feels to see your saving being cut in half or even a quarter in a year?

Because US only accept USD, it does not accept any other country's currency, therefor It divide the total country wealth with the remaining asset in USD to calculate the value of that country's currency, it is where the hyperinflation come to existent.

Yeah, and Germany only accepts euros and Japan only accepts yen, only a few countries who have pegged their currency to some foreign one are dealing with it.
Second, you have no clue how the value of a currency is calculated, and if it were like you've said it will actually work as a contra argument (https://en.wikipedia.org/wiki/List_of_countries_by_total_wealth) to your claims.

Anyhow, the fact that you think the government should impose a 100$ minimum hourly wage so the price of bitcoin would go up is a clear indicator you have knowledge of how the economy works. The moment the government would impose this the next step my family would have to take is firing all the staff at our farm or jack up prices by 5-10x just to ver the expenses.

 



Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: andriarto on January 15, 2020, 01:10:40 PM
No offense but I do not agree on the title, No government want its own citizens to be millionaire or let's say at least a decent rich? Nah, that's not true. Of course every country want their economy as best as possible. In my opinion it's not that our government doesn't want all of us to get rich, it just so happened that it was ideal and almost impossible to attain. As long as mankind has no strong unity and  greed/pride are existing then inequalities will be a constant thing in this world. The idea of "rich and poor" will remains :(.
the reality is like that, in developed countries there are still citizens in poverty, and it can actually help each other. the poor need the work of the rich and the rich need the services of the poor. but of course the government wants to raise the economy of its people in a prosperous state, and tax revenues are increasing


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Blackdeath on January 15, 2020, 02:05:32 PM
No offense but I do not agree on the title, No government want its own citizens to be millionaire or let's say at least a decent rich? Nah, that's not true. Of course every country want their economy as best as possible. In my opinion it's not that our government doesn't want all of us to get rich, it just so happened that it was ideal and almost impossible to attain. As long as mankind has no strong unity and  greed/pride are existing then inequalities will be a constant thing in this world. The idea of "rich and poor" will remains :(.
the reality is like that, in developed countries there are still citizens in poverty, and it can actually help each other. the poor need the work of the rich and the rich need the services of the poor. but of course the government wants to raise the economy of its people in a prosperous state, and tax revenues are increasing
Every government always wanted to have a balance economy. It is really impossible for every citizen in a country to become a millionaire because the economy of a country will crash and no one is actually rich if that happens everyone will sees each other an average person. The poor needs the rich, and the rich needs the poor and that makes the economy balance.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Polar91 on January 15, 2020, 02:12:21 PM
All of the government want their citizen to succeed in life or better, be a millionaire. Having a millionaire in a growing economy will boost its progress even faster because the millionaires will bring more money into the circulation of cash in the economy which will result for higher accumulation of taxes and more jobs that will be created because of the opportunities that the millionaires will provide to its government and country.

This is quite the opposite of the reality, because in some countries, there are government that has their flaws for becoming a government with corrupt leaders, basically, instead of making their people benefits from lots of project they could possibly conduct, they chose to take away portions of taxes given by the people. So with this, instead of blaming bitcoin, why not consider it as the factor to escape corruption instead? In the near future, with decentralization, true wealth from hardworking people will be seen.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: airdnasxela on January 15, 2020, 02:13:43 PM
But are you sure that the citizen's wage are going to be invested in cryptocurrency? And wages doesn't work just like that. It's not the government who is responsible for people being rich!! We make our own ways to be rich if we want to. Wages are different based on their knowledge and skills. People were being paid for the job they have done. Most of the bigger salary are to those who were being paid for their skills. Government can't just increase all wages if it doesn't fit for their work.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: panganib999 on January 15, 2020, 02:21:23 PM
I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?
They are free yes, but that doesn't meant that they should be printed freely. As someone who doesn't work there, sure you may think of it as easily as printing literally anything out of a printer. But, the market isn't just paper being transferred from one hand to another, its about trading from one hand to another. Its about setting a price for a commodity, one of which everyone accepts. One of which, a white collar worker would be able to afford easily.

See, wages were never meant to be an investment. Savings were. Wages were meant for humans to split apart, one of which is used for everyday expenses, and the other is split into various parts depending on the guy/girl themselves. If they invest it, sure feel free. Investment is an option, not a requirement.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: doomistake on January 15, 2020, 02:29:56 PM
Wages is not a reason why people should limit his potential on being successful, as well as his job, it doesn't matter, it is all about how you manage your money and how you will make money work for you, that is the problem. Most of the percentage of the population around the globe work for money, they didn't know anything else but that because that is how they think the life works, to follow what is the majority doing, which is wrong.

If all of the people will think of a way on how they could make money in different ways, they wouldn't be employee for the rest of their life, they are going to be their own boss, and even a little wage could make a difference when you invest it on crypto, so don't underestimate it.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: target on January 15, 2020, 02:32:00 PM

And then we classify which government is authoritarian and which is not.

With citizens who has tons of money to spend may have more power to govern the government. With rich citizen in the country, they can organize to take power and it happen many times in the form of insurgency. This is why government should protect itself if government has to be authoritarian they will kill.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Maslate on January 15, 2020, 03:15:22 PM
Wages is not a reason why people should limit his potential on being successful, as well as his job, it doesn't matter, it is all about how you manage your money and how you will make money work for you, that is the problem. Most of the percentage of the population around the globe work for money, they didn't know anything else but that because that is how they think the life works, to follow what is the majority doing, which is wrong.

If all of the people will think of a way on how they could make money in different ways, they wouldn't be employee for the rest of their life, they are going to be their own boss, and even a little wage could make a difference when you invest it on crypto, so don't underestimate it.
Small wages of people could still make a big difference in crypto as long as majority of the people are going to adopt and invest in crypto. But having higher amount of wage is still a great advantage because you can invest in a bigger amount and in return, you will yield a much bigger profit.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: btccashacc on January 15, 2020, 03:53:30 PM
One thing that I know for sure no employe becomes a millionaire without investing. You can't be rich if you just do your work from 9 to 5 you must allocate some of your money for investing in this case is bitcoin, Well, I agree with OP that we kinda hardly even to purchase bitcoin since our salary is not enough besides that we must allocate on our spending, however, some people become millionaire by building a startup but the chance to be successful is very low.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: FanEagle on January 15, 2020, 03:58:56 PM
You are forgetting that not the only people who got into bitcoin are the poor people who work to make their living, there are companies even billionaires who happen to buy bitcoin as well. Just the Winklevoss twins had something like 40k bitcoins themselves. So, there are tons of people who go into bitcoin and not live with just a minimum wage, that is already a problem of itself.

However reality is, when rich people go into bitcoin they buy it from people who used to be poor but got into bitcoin so sold to some rich fella, this becomes like "I would rather have bitcoin than fiat" to them and poor people get richer in return, the more poor people end up getting bitcoin and the more price goes up, the less rich people will be rich because buying bitcoin will cost too much.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: lixer on January 15, 2020, 04:01:41 PM
Well it’s more like the government wants you to work very hard before you reach that level of becoming a millionaire. And moreover, if you invest in Bitcoin and become a millionaire overnight there is nothing wrong with it , so it’s not a crime and they are not going to punish you for that except that they will come for their tax.

There are lots of people that turned millionaires through Bitcoin and they are open about it and no one queried them on it, it’s an investment that they did, they didn’t scam or steal from anybody. If your job is not paying you enough then you should look for another job.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: sisule on January 15, 2020, 04:54:10 PM
Look around your side where does have government want to support their citizen make bitcoin become legal currency payment transaction and always tries to make bitcoin become bad payment way by not allowing use bitcoin as legal currency way. If government hear what citizen want with bitcoin become legal payment way I think many countries can increase their economic way with bitcoin investment.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: ashmodeus on January 15, 2020, 05:26:09 PM
Maybe it's more like the government are afraid of their citizen could hide their money into cryptocurrency and they have the potential for hiding text, and also the government could not able to control people's wealth and it will be a threat for them
well, that sounds very classic to happen.
also, for nowadays, i don't think cryptocurrency assets more valuable or even more stronger than real assets such as property and land certificate.not even for digital mutual funds.the point,i don't think cryptocurrency is a good place for hiding a money.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: mindrust on January 15, 2020, 05:31:11 PM
No offense but I do not agree on the title, No government want its own citizens to be millionaire or let's say at least a decent rich? Nah, that's not true. Of course every country want their economy as best as possible. In my opinion it's not that our government doesn't want all of us to get rich, it just so happened that it was ideal and almost impossible to attain. As long as mankind has no strong unity and  greed/pride are existing then inequalities will be a constant thing in this world. The idea of "rich and poor" will remains :(.

It makes sense actually.

I partly agree with the OP. He is onto something but he is blaming the wrong people.

Governments don't want too many rich people because humans are lazy. It is our nature.

Most people work because, they have to work. They have no other choice. Being poor is the only motivation here to make people work.

Ask yourself, would you work if you were rich? 95 out of 100, people will answer this "No."

Now you see why there HAS to be poor people. To feed the rich.

...

Investing in bitcoin is a whole different story though. Some of us were poor for so long. We couldn't even imagine of being rich one day. I was always afraid of investing in something especially the risky stuff because I was afraid of losing my hard earned cash. (my little potatoes)

You know who gets rich? The brave and the smart.



Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: dunfida on January 15, 2020, 07:32:30 PM
No offense but I do not agree on the title, No government want its own citizens to be millionaire or let's say at least a decent rich? Nah, that's not true. Of course every country want their economy as best as possible. In my opinion it's not that our government doesn't want all of us to get rich, it just so happened that it was ideal and almost impossible to attain. As long as mankind has no strong unity and  greed/pride are existing then inequalities will be a constant thing in this world. The idea of "rich and poor" will remains :(.

It makes sense actually.

I partly agree with the OP. He is onto something but he is blaming the wrong people.

Governments don't want too many rich people because humans are lazy. It is our nature.

Most people work because, they have to work. They have no other choice. Being poor is the only motivation here to make people work.

Ask yourself, would you work if you were rich? 95 out of 100, people will answer this "No."

Now you see why there HAS to be poor people. To feed the rich.

...

Investing in bitcoin is a whole different story though. Some of us were poor for so long. We couldn't even imagine of being rich one day. I was always afraid of investing in something especially the risky stuff because I was afraid of losing my hard earned cash. (my little potatoes)

You know who gets rich? The brave and the smart.


Thats what reality is where theres rich people and poor people which theres no equality when it comes to status in life.
The thing here is that blaming government just because you are poor doesnt seem right.They have nothing to do
on what you are into in regards to your job if we do earn less or bigger.There are poor people who do know how to make
things feasible by means of investment which adding up its income.Its a matter of of risk acceptance if you do plan to improve
your life.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Theb on January 15, 2020, 08:40:13 PM
If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

Did you just completely ignored your high school economics and think this would make all their citizens rich? If they increased the minimum wage up to a higher level nothing would change since the people are getting a lot of money the the price of basic goods will increase as the supply of money got higher. What your proposal is basically like a careless government's solution on printing out more money to solve poverty and they completely ignored the fact that inflation is inevitable. Giving higher wages isn't the solution here to solve poverty just by providing jobs, proper education, and proper development of the country is enough for all of the people to go above of the poverty line.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: bitbunnny on January 15, 2020, 09:28:29 PM
Another topic about conspiracy theories on governments and Bitcoin. This is getting so boring and I don't know if it's sad or funny how some think that for the all issues they are having with Bitcoin governments could be blamed.
Sone people obviously don't know either how states, governments and economies or Bitcoin and cryptocurrencies are functioning.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: NathanJB on January 16, 2020, 02:41:36 AM
I can feel you and I share your frustration. But the government does not intentionally limit the wage so that we cannot invest on crypto with big amounts just like the rich are doing.

To be fair, Bitcoin was worth 0.0005 cents or even much lower when it first came out. Where were the people at that time, especially those who have heard of it? Everybody can afford it. But only too few bought or mined or got it from faucets and other sources. Right now, it is hard pointing fingers. We also have had our failures.

Agreed. It's not like the government is eyeing every investment we are trying to get into. Heck, they probably want us to be a bit richer so they don't need to bribe us with money they can keep for themselves.

I think so, too. I guess the government is going to become happier if the people are richer. The economy is going to be more vibrant, businesses would be thriving, taxes are increasing, and so on. There is going to be less beggars around, unemployed, protests due to low wage and poor services, sick people, and so on.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: TastyChillySauce00 on January 16, 2020, 03:54:12 AM
One thing that I know for sure no employe becomes a millionaire without investing. You can't be rich if you just do your work from 9 to 5 you must allocate some of your money for investing in this case is bitcoin, Well, I agree with OP that we kinda hardly even to purchase bitcoin since our salary is not enough besides that we must allocate on our spending, however, some people become millionaire by building a startup but the chance to be successful is very low.
Only proper management could make us rich and investing is only one way to go. Blaming the wages and telling government to raise the wage that high is not going to solve any problem. Money don't grow no trees as well as the employers' and company's fund and increasing wage to ridiculous amount of $100/h will just spell bankruptcy for most of the companies not to mention the inflation. Our economy is flawed but too much demanding won't solve anything.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: wishxy on January 16, 2020, 04:36:37 AM
Enough said.
https://eng.letknow.news/interview/vyacheslav-kunev-regulators-will-not-allow-the-cryptocurrency-capitalisation-to-exceed-1-trillion-28762.html (https://eng.letknow.news/interview/vyacheslav-kunev-regulators-will-not-allow-the-cryptocurrency-capitalisation-to-exceed-1-trillion-28762.html)


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: wildan88 on January 16, 2020, 05:31:12 AM
I can feel you and I share your frustration. But the government does not intentionally limit the wage so that we cannot invest on crypto with big amounts just like the rich are doing.

To be fair, Bitcoin was worth 0.0005 cents or even much lower when it first came out. Where were the people at that time, especially those who have heard of it? Everybody can afford it. But only too few bought or mined or got it from faucets and other sources. Right now, it is hard pointing fingers. We also have had our failures.

Agreed. It's not like the government is eyeing every investment we are trying to get into. Heck, they probably want us to be a bit richer so they don't need to bribe us with money they can keep for themselves.

I think so, too. I guess the government is going to become happier if the people are richer. The economy is going to be more vibrant, businesses would be thriving, taxes are increasing, and so on. There is going to be less beggars around, unemployed, protests due to low wage and poor services, sick people, and so on.

It should be, if the government has a rich society, the government will not spend a lot of budget on poor people. but is increasing wage a solution?
it will cause some negative and positive impacts. but the negative impact will be more unemployment if the company is unable to pay high wage and they will cut off work rights. we must change the mindset and not demand too much, because there are also many people who invest in bitcoin without having a job.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: leyton11 on January 16, 2020, 06:00:04 AM
So , their economy will collapse because too much money out and of course , that its not a reason for increasing bitcoin price.
A simple reason, high demand make price go high.
Just it. About no one goverment want to make their citizen become millionaire, well , i have no idea.
In fact, this problem is not too difficult to control, the government has enough talent and resources to do this, just that they do not want to create habits for people.  because blockchain technology is said to be open source and it can be created by any individual.  so certainly the government will have to spend more to control it well and this is not reasonable.  I think that's the main reason.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: stompix on January 16, 2020, 07:14:48 AM
It makes sense actually.
I partly agree with the OP. He is onto something but he is blaming the wrong people.
Governments don't want too many rich people because humans are lazy. It is our nature.
Most people work because, they have to work. They have no other choice. Being poor is the only motivation here to make people work.
Ask yourseLf, would you work if you were rich? 95 out of 100, people will answer this "No."

Now you see why there HAS to be poor people. To feed the rich.

Yeah, rich people are lazy, they've earned their fortune by ling all day on the sofa.
And of course, reality proves this, I mean all the cars are made in Somalia, all the airplanes in Mali, all the food is grown in Botswana and the rich people in Germany and the Netherlands are doing nothing just sitting there waiting for a banana to hit them in the head cause they are too lazy to call uberfood to buy something...
That concept of being rich and lazy is spread around by the poor who all day they dream that if they would have a lot of money they will not do anything all day long. Reality...totally different.

With rich citizen in the country, they can organize to take power and it happen many times in the form of insurgency. This is why government should protect itself if government has to be authoritarian they will kill.

Yeah, that's why we have bloodbaths all day in Switzerland, Japanese are riding every day their Gundams to overthrow the evil gubbermint and in the Scandinavian countries, everyone has a reindeer with a bomb in the garage just in case.
On the other hand Angola and Zimbabwe which are full of poor people are the safest places on earth...


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: alexsandria on January 16, 2020, 08:10:24 AM
Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?
$11? Per hour? Man, thats a lot of money. Other countries does pay their employees such amount for working a whole day. And UK is damn far from that.

Quote
If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.
Making their citizens rich isn't the responsibility of the government in the first place. It is the responsibility of the individuals who must strive in order for them to live, remember that. You are lucky enough if you are livin' in a wealthy country but that doesn't end to that. In addition, hooking up the crypto market isn't as well the responsibility of government and I bet they don't even have such idea.

Quote
I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?
Printing money doesn't work like that. It could lead to hyperinflation.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: mindrust on January 16, 2020, 08:10:43 AM
It makes sense actually.
I partly agree with the OP. He is onto something but he is blaming the wrong people.
Governments don't want too many rich people because humans are lazy. It is our nature.
Most people work because, they have to work. They have no other choice. Being poor is the only motivation here to make people work.
Ask yourseLf, would you work if you were rich? 95 out of 100, people will answer this "No."

Now you see why there HAS to be poor people. To feed the rich.

Yeah, rich people are lazy, they've earned their fortune by ling all day on the sofa.
And of course, reality proves this, I mean all the cars are made in Somalia, all the airplanes in Mali, all the food is grown in Botswana and the rich people in Germany and the Netherlands are doing nothing just sitting there waiting for a banana to hit them in the head cause they are too lazy to call uberfood to buy something...
That concept of being rich and lazy is spread around by the poor who all day they dream that if they would have a lot of money they will not do anything all day long. Reality...totally different.


Don't bring Somalia into this they are not part of the modern world.

Most cars and other stuff are being made in China and I can't really say the Chinese people are the richest people in the world.

And there is another distinction we are forgetting to talk about.

There are jobs which almost everybody can do (factory workers), and there are jobs which only the smart and the ambitious can do. (like doctors, engineers etc, not the wage slave morons, the real ones) Smart&ambitious people can pretty much earn whatever they want their limit is their imagination.

Some of those jobs need cheap workers because otherwise the product will be too expensive and nobody will be able to buy it.

I am talking about those average Joe's. Wage slaves.

The current system need those poor people. They are smart enough to understand and do what they are told but not ambitious enough to try to become a millionaire and threaten the other rich people's status.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Sadlife on January 16, 2020, 08:34:01 AM
Even small portions of money can make a difference if they continuesly do cost averaging or buying when their salary's in. I mean you can't be a worker forever right ?
Why not just invest your money in something that might change the world in upcoming years. Im sure many people are sick with their daily jobs and one of the answers is to escape through all that is to invest.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: stompix on January 16, 2020, 08:34:28 AM
Most cars and other stuff are being made in China and I can't really say the Chinese people are the richest people in the world.

I sincerely doubt 22% of something is considered as most!!!
Second, China's total exports to the US and EU are barely 6% of those countries' GDP so, where is the other stuff coming from?
They produce that much because they are 1 billion, if we put in the average per person, they produce 4 times fewer cars than Germany and they export ten times less in USD value per capita > and here we come into agreement, the Chinese are not the wealthiest because...facts!
 
There are jobs which almost everybody can do (factory workers), and there are jobs which only the smart and the ambitious can do. (like doctors, engineers etc) Smart&ambitious people can pretty much earn whatever they want their limit is their imagination.
~
I am talking about those average Joe's. Wage slaves.
They are smart enough to understand and do what they are told but not ambitious enough to try to become a millionare.

Oh got it, so it's not actually the government keeping people ...what you call them ...slaves, it's self-induced slavery.
I agree with that!



Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: AniviaBtc on January 16, 2020, 09:16:13 AM
I can feel you and I share your frustration. But the government does not intentionally limit the wage so that we cannot invest on crypto with big amounts just like the rich are doing.

To be fair, Bitcoin was worth 0.0005 cents or even much lower when it first came out. Where were the people at that time, especially those who have heard of it? Everybody can afford it. But only too few bought or mined or got it from faucets and other sources. Right now, it is hard pointing fingers. We also have had our failures.

Agreed. It's not like the government is eyeing every investment we are trying to get into. Heck, they probably want us to be a bit richer so they don't need to bribe us with money they can keep for themselves.

I think so, too. I guess the government is going to become happier if the people are richer. The economy is going to be more vibrant, businesses would be thriving, taxes are increasing, and so on. There is going to be less beggars around, unemployed, protests due to low wage and poor services, sick people, and so on.

This thread is very applicable in China, I say China as an example because we all know that they are Communist country. They don't want their people to become richer that the people in their Government. In their country, they collect people's money so that everyone has the same kind of living. They don't want their people to become successful and achieve everything with their money, same in bitcoin. Bitcoin has a lot of potential to help people, but the government stop them.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: merchantofzeny on January 16, 2020, 09:46:37 AM
I can feel you and I share your frustration. But the government does not intentionally limit the wage so that we cannot invest on crypto with big amounts just like the rich are doing.

To be fair, Bitcoin was worth 0.0005 cents or even much lower when it first came out. Where were the people at that time, especially those who have heard of it? Everybody can afford it. But only too few bought or mined or got it from faucets and other sources. Right now, it is hard pointing fingers. We also have had our failures.

Agreed. It's not like the government is eyeing every investment we are trying to get into. Heck, they probably want us to be a bit richer so they don't need to bribe us with money they can keep for themselves.

I think so, too. I guess the government is going to become happier if the people are richer. The economy is going to be more vibrant, businesses would be thriving, taxes are increasing, and so on. There is going to be less beggars around, unemployed, protests due to low wage and poor services, sick people, and so on.

The sweet spot is that people are just dependent enough to not bite your hand off but not too dependent that you have to do everything for them.  ;D

Of course they're not going to like it if we make money that they can't tax but "out of sight out of mind" right? They can't tax what they don't know exists.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: NathanJB on January 16, 2020, 09:52:02 AM
I can feel you and I share your frustration. But the government does not intentionally limit the wage so that we cannot invest on crypto with big amounts just like the rich are doing.

To be fair, Bitcoin was worth 0.0005 cents or even much lower when it first came out. Where were the people at that time, especially those who have heard of it? Everybody can afford it. But only too few bought or mined or got it from faucets and other sources. Right now, it is hard pointing fingers. We also have had our failures.

Agreed. It's not like the government is eyeing every investment we are trying to get into. Heck, they probably want us to be a bit richer so they don't need to bribe us with money they can keep for themselves.

I think so, too. I guess the government is going to become happier if the people are richer. The economy is going to be more vibrant, businesses would be thriving, taxes are increasing, and so on. There is going to be less beggars around, unemployed, protests due to low wage and poor services, sick people, and so on.

This thread is very applicable in China, I say China as an example because we all know that they are Communist country. They don't want their people to become richer that the people in their Government. In their country, they collect people's money so that everyone has the same kind of living. They don't want their people to become successful and achieve everything with their money, same in bitcoin. Bitcoin has a lot of potential to help people, but the government stop them.

China's primary product before it has awakened into a modern economic dragon is labor, cheap labor, dirt cheap labor to be exact. That made the government rich and the people dirt poor. And the country has unlimited supply of that product. Factories, manufacturing centers, and other products from all over the world are moving their businesses to china because of that.

I guess you are correct. What happens when the people of china will become rich? Would they still work like robots or machines just for a few pennies? I don't think so.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: mindrust on January 16, 2020, 09:59:39 AM
Oh got it, so it's not actually the government keeping people ...what you call them ...slaves, it's self-induced slavery.
I agree with that!

It is kinda self-induced but the governments encourage it.

How many colleges out there teach their students about starting a business? They teach you how to become a wage slave. As a clueless noob in your early age unless you have great parents which would educate you with the right information, you take whatever they feed you with.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Eclipse26 on January 16, 2020, 11:55:27 AM
Is the government to blame why there are a lot of poor families in my country? (Aside from corrupting the money lol) Daily expenses are increasing due to inflation rate so I think it's reasonable for the government to increase the living wage. But no matter how the government will try to increase the wage, if a person doesn't know how to handle his money, he can't be rich. You won't get rich by your high salary if you won't gonna invest it. Are you just going to be contented with saving your extra salary? How long will it take you to get rich with that. So basically, if a person wants to get rich, know how to make investment on something that will help you earn.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Bagaji on January 16, 2020, 12:11:57 PM
Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?
It seems you don't how monetary policy work and that is why you are saying it cost nothing to print Dollars and other currencies in the world. But you should know that mining Bitcoin also cost a lot of money which same thing happened to printing of faith currency equally cost the government.
Please, what services can you render to government for you to be paid $100 per hour. Does this happen anywhere in the world ? If yes, what is the proportion of the staff and what do they render to worth such amount.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Bagaji on January 16, 2020, 12:18:30 PM
Is the government to blame why there are a lot of poor families in my country? (Aside from corrupting the money lol) Daily expenses are increasing due to inflation rate so I think it's reasonable for the government to increase the living wage. But no matter how the government will try to increase the wage, if a person doesn't know how to handle his money, he can't be rich. You won't get rich by your high salary if you won't gonna invest it. Are you just going to be contented with saving your extra salary? How long will it take you to get rich with that. So basically, if a person wants to get rich, know how to make investment on something that will help you earn.
Why do you want to get rich if may ask you? Some time if government increase wages of government workers theybwill some how increase their revenue by way of tax increase which simply means no wage was actually increase.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: TIDOVEE on January 16, 2020, 12:32:48 PM
The price of bitcoin is not determined by the amount of  government payment for workers.It is not government that sponsors bitcoin perse. One of the reasons why bitcoin emerge is to help bring up people financially,and that will help reduce pressure of reliance on the government herself. Though government can contribute to the o the poverty state of the citizen.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: leoqe on January 16, 2020, 12:44:14 PM
I think that everything should begin not with claims to the government, but with ourselves. There are ordinary people who work in the government who also can’t do anything with this system, they follow this just as we do.
But no one is stopping us from taking action. We study the situation, read books, then use the acquired knowledge to earn more money (our own business, for example), then we direct money in the right direction.
I like the phrase: "Do you want to change the world for the better? Start with yourself."


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: imstillthebest on January 16, 2020, 01:37:02 PM
its not true that programers are budgeted  . all i know is that programers are paid good but it also depend on the company that your working and also on your position if how much salary you will receive . its not about how your government  but other jobs are government based and thier salary depend on how the government issued   .  we people can still do anything to increase that minimal amount in the form of working for other sideline jobs only if we want our lives to be more better  .


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: SaShiRaJaVu on January 16, 2020, 02:36:13 PM
If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.
It would be easier to send hundred thousand dollars to every citizen so that they will be having money :P, hope you understand that the government can only spend according to the budget and you cannot increase and wages so that they will be having budget deficiency.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?
If there are more programmers and less job and if someone is willing to do the job at a lower wage then that opportunity goes to that person, who is to blame in these circumstances. Hope you are in school so that you are not aware of the real world challenges.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: keeee on January 16, 2020, 04:24:43 PM
If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.
It would be easier to send hundred thousand dollars to every citizen so that they will be having money :P, hope you understand that the government can only spend according to the budget and you cannot increase and wages so that they will be having budget deficiency.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?
If there are more programmers and less job and if someone is willing to do the job at a lower wage then that opportunity goes to that person, who is to blame in these circumstances. Hope you are in school so that you are not aware of the real world challenges.
I agree,  you cant blame government for giving what wages you wwant becuase there is alloted budget for everything.  In fact its not easy to manage it and they are just being fair for the good of their country and their economic status. 


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Wexlike on January 16, 2020, 05:03:12 PM
We have too much money in the worlds, that is why we have negative interest rates.

On the other hand, the big money players like governments or pension funds can not invest into crypto currencies efficiently yet. So the big run up to +$100k/coins will happen when institutional money starts to flow in after losing money for several years in a row by investing in the negative yield fields like state papers or other traditional vehicles.

Low wage is a problem for the average person, but please don't forget in what kind of luxurious times we life even for the regular people. We can freely communicate, buy stuff that we absolutely don't need, travel the world on a low budget.

We live better than kings just 200 years ago ( minus their real world power ).


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Findingnemo on January 16, 2020, 06:38:39 PM
Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?
Firstly, the wages depends on the demand of employee, even people are working for $6/day on third world countries simply because they are having more human powers which lacking the demand in nature. And the government has to bring employment to its citizens and also increase their economy's strength by increasing exports. Simply printing more money and giving them people has no effect.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Febo on January 16, 2020, 07:36:41 PM
This thread should be move to Economy section.

This should be moved to idiotic section of forum.

Increase government spending will make people rich. LOL

Governments should collect less taxes and spend less money for their program. That is how should be and I believe it will be. So far governments power is only increasing over decades and centuries. It is time we reverse that.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: sana54210 on January 17, 2020, 09:55:53 AM
Man, your topic, I don’t really get it. The government is not fighting against Bitcoin because they don’t want their citizens to be millionaires, it has to do with reasons that are completely far from that – the first reasons is because of crime, a lot has been said about BTC being used for crime. Bitcoin has become a popular method of transfer for those in the dark web. Another reason is fiscal policy –the government does not accept any currency that it cannot control.

There are lots of reasons why the government needs to have control over currency, first is avoiding inflation’s that are out of control, generating jobs, stimulating investments and spending, etc. Since bitcoin is decentralized, it’s not possible for them to control it, but they can still have partial control through centralized exchanges.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Duzter on January 17, 2020, 10:20:31 AM
More the spending of money by the government to the citizens more will be the growth of the citizens. Very few countries around the globe spend perfect on the people from the earnings got from taxation. Through cryptocurrency investment it is possible to be a millionaire. Being a millionaire is really a hard task, but through cryptocurrency it is possible with the lucky ones.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Yatsan on January 17, 2020, 10:38:21 AM
Man, your topic, I don’t really get it. The government is not fighting against Bitcoin because they don’t want their citizens to be millionaires, it has to do with reasons that are completely far from that – the first reasons is because of crime, a lot has been said about BTC being used for crime. Bitcoin has become a popular method of transfer for those in the dark web. Another reason is fiscal policy –the government does not accept any currency that it cannot control.

There are lots of reasons why the government needs to have control over currency, first is avoiding inflation’s that are out of control, generating jobs, stimulating investments and spending, etc. Since bitcoin is decentralized, it’s not possible for them to control it, but they can still have partial control through centralized exchanges.
I think the first reason should be the tax, you cannot tax a freelancer or any individual that is using bitcoin as a mode of payment. Even the business that are currently using bitcoin, it's very hard to track it. Just mix your coins and it's all good. you are now invisible into the governments eye, but for business I think that would be risky.



With regards to the topic, government wants it's people to be millionaire LOL, it means more tax and their countries average leaving will go up. No government want's their people to be poor because that will be a government problem.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: mindrust on January 17, 2020, 10:51:34 AM

With regards to the topic, government wants it's people to be millionaire LOL, it means more tax and their countries average leaving will go up. No government want's their people to be poor because that will be a government problem.

Tell me why is Germany constantly importing migrants from the Middle East?

Countries need poor people. Poor people work for cheap.

Without the cheap work force, you won't be able to compete with the other cheap countries. Like China.

Germany knows this very well.

If everybody was a millionaire, Germany would go bankrupt in a year. (maybe not, but It is safe to say, the production would stop and a country like Germany would start eating up its savings which is pretty much the same thing as going bankrupt)


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Colt81 on January 17, 2020, 12:00:34 PM

With regards to the topic, government wants it's people to be millionaire LOL, it means more tax and their countries average leaving will go up. No government want's their people to be poor because that will be a government problem.

Tell me why is Germany constantly importing migrants from the Middle East?

Countries need poor people. Poor people work for cheap.

Without the cheap work force, you won't be able to compete with the other cheap countries. Like China.

Germany knows this very well.

If everybody was a millionaire, Germany would go bankrupt in a year. (maybe not, but It is safe to say, the production would stop and a country like Germany would start eating up its savings which is pretty much the same thing as going bankrupt)
Indeed. The economy will be balance if a country has poor and rich people because if everybody in a country is a millionaire the economy of a country will crash that no one will make a business anymore and no consumers, that is why it is fine to the government if there are poor people in their country.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: el kaka22 on January 17, 2020, 01:54:08 PM
I think it is more about redistribution and not about inflation. So, basically if you increase the wages and if you force some sort of monopoly rules and CEO rules etc, where no one in the whole company can make 50x more than the minimum wage or stuff like that, eventually you will cover the difference.

Definitely, they could go around that by giving people stock options for getting richer but hey at least they are not giving straight up cash and that means if the CEO wants to make money they have to make profits as well, which means they will work better as well instead of just firing people to make more money, firing many people will eventually result with company not being big enough and they won't profit enough.

So, the bigger the company and more the employee number, the more profit there will be and more profit CEO will make, instead of just millions of dollars out of doing nothing. Regulations are required when you increase the minimum wage, if you make it 100 dollars without doing anything else, you will have what you suggest but if you increase it to 100 but also have regulations to stop rich printing money and firing people etc etc so you can close the wealth gap, it will be fine.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: breathlessz on January 17, 2020, 02:00:43 PM

With regards to the topic, government wants it's people to be millionaire LOL, it means more tax and their countries average leaving will go up. No government want's their people to be poor because that will be a government problem.

Tell me why is Germany constantly importing migrants from the Middle East?

Countries need poor people. Poor people work for cheap.

Without the cheap work force, you won't be able to compete with the other cheap countries. Like China.

Germany knows this very well.

If everybody was a millionaire, Germany would go bankrupt in a year. (maybe not, but It is safe to say, the production would stop and a country like Germany would start eating up its savings which is pretty much the same thing as going bankrupt)
Indeed. The economy will be balance if a country has poor and rich people because if everybody in a country is a millionaire the economy of a country will crash that no one will make a business anymore and no consumers, that is why it is fine to the government if there are poor people in their country.
if a country is prosperous for all people, it is possible to import power from abroad, and it may be that the imported power will have high tariffs in the prosperous country. but I think it is difficult to reduce poverty to 0, even in developed countries is difficult



Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: ene1980 on January 17, 2020, 05:08:08 PM
If everybody was a millionaire, Germany would go bankrupt in a year. (maybe not, but It is safe to say, the production would stop and a country like Germany would start eating up its savings which is pretty much the same thing as going bankrupt)
This situation will be applicable with every country around the globe, if everyone is a millionaire then it will be difficult for any country to perform as there will be a lack of hard labour force which is important for the balance of the economy and that is the reason many countries are having capitalist mentality, if you are good at something you can make money if not you need to do the hard labour and survive and if there is a lack of labour supply they will import good labour and they will be willing to migrate as they are getting far better life, so it is a win win situation for everyone ;).


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: mindrust on January 17, 2020, 05:20:47 PM
If everybody was a millionaire, Germany would go bankrupt in a year. (maybe not, but It is safe to say, the production would stop and a country like Germany would start eating up its savings which is pretty much the same thing as going bankrupt)
This situation will applicable with every country around the globe, if everyone is a millionaire then it will be difficult for any country to perform as there will be a lack of hard labour force which is important for the balance of the economy and that is the reason many countries are having capitalist mentality, if you are good at something you can make money if not you need to do the hard labour and survive and if there is a lack of labour supply they will import good labour and they will be willing to migrate as they are getting far better life, so it is a win win situation for everyone ;).

That's what I am saying since the beginning.

Governments don't need millionaires. They need slaves.

Rich people are competing directly with the governments and creating more problems than they do good.

That's why they are taxing the shit out of you so you can never get rich. You can get rich only if you are smart and ambitious enough, means you are competing against your government and that means your government is your enemy.

You are a good citizen only if you suck it up and live as a wage cuck till you die.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: TheGreatPython on January 17, 2020, 05:34:55 PM
I doubt they do it to keep us from investing into bitcoin, but they probably want people to not have enough money indirectly by wanting the rich to be richer which has nothing to do with crypto but still affects it. Think about it this way, if governments wants to get rich themselves or want their corporation friends to get rich, how will that be achieved? By not making the poor get better and making rich richer right? That looks like the only possible way at all.

So, that means people who live pay check to pay check will not be able to live comfortbly and that means they will not be able to invest in anything, not just crypto but not in stocks / gold or anything of value. So, in a way this sentiment is right, just not in a direct sort of way but kinda true in indirect ways.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: ene1980 on January 17, 2020, 06:14:55 PM
That's what I am saying since the beginning.
Governments don't need millionaires. They need slaves.
The difference in financial disparity is needed for a country to grow and it is a fact and if we call it as slavery is disputable because everyone has equal opportunity to grow according to their skill set and if you are not in that category you need to accept your fate understanding your shortcomings.

Rich people are competing directly with the governments and creating more problems than they do good.
That's why they are taxing the shit out of you so you can never get rich. You can get rich only if you are smart and ambitious enough, means you are competing against your government and that means your government is your enemy.
There is a difference here, if you are a big shot billionaire with a big business background then the political system will bend for your, the main burden will fall on the working class and the white collar citizens where the governments leech the shit out in the name of tax, if you look at all the top multinational companies they will get all the tax exemptions all the time and not for the hard working citizens.

You are a good citizen only if you suck it up and live as a wage cuck till you die.
The system is designed to suck up everyone who is working hard and help the lazy in the form of grants and i am not expecting a change in that structure.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: vintages on January 17, 2020, 08:47:55 PM
Bitcoin is not suppose to be a scheme of make money and become rich but there seems to be a degree of truth in what you said. Anyone who totally depends on their government will find it very difficult to survive nor make a standard living. Gone are those days where one will need to toll harder to make a living. The Internet is making things way easier than before.
Moreover, it's more like almost all the government dislike seeing people making a living through easy means. But still, Bitcoin is not "supposed" to make be rich.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: blckhawk on January 18, 2020, 03:27:13 AM
Everyone could be a millionaire but there's no guarantee that the a million of a fiat has any significant value. Also, if all people would be rich, then there's no manpower to do the hard jobs that are essential, such as farming for food and construction works. Such situation would only just cripple the needs of the people themselves.

Also, stop thinking that cryptocurrencies are the way to become rich. That is conpletely wrong. It is not meant to be a get-rich scheme, it doesn't even meant to be holded either, but to replace traditional currencies. Also, its volatile market makes it also a higher risk investment that won't guarantee you getting rich. Get your beliefs corrected.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: kodtycoon on January 18, 2020, 05:30:24 AM
there are many types of jobs in the world and every country is different and not all countries or governments will treat their citizens the same as other countries' policies. so i don't think it's something that can be equated in every country and there are still many other big investors who can afford to make the price of bitcoin soar, if everyone can afford to invest large amounts in the crypto market, then of course that won't happen. remember, there are poor people, simple people, rich people, and even higher


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Janation on January 18, 2020, 05:43:51 AM
if a country is prosperous for all people, it is possible to import power from abroad, and it may be that the imported power will have high tariffs in the prosperous country. but I think it is difficult to reduce poverty to 0, even in developed countries is difficult

There is no way you can stop poverty.

That proof of it is that because we are all human. We want to be atop of all of the people and no one wants to be at the equal footings as the other one. As long as economy is existent, poor people will do too, poverty can't be killed. Even if it is the most richest country in the world, the sign of poverty will always be there. If a country will just increase the wage, let's say 10 times more, don't you think that the people will just take advantage of it and stay like that for the rest of their lives? They will not be productive and that will stabilize the production making the country late in development.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: crossabdd on January 18, 2020, 05:59:14 AM
so, will it still work for a small wage, or enter the crypto world, with more than 10x the opportunity to pay. crypto does not refer to small or large employee wages. I think, most crypto investors are from entrepreneurs. the other small part are employees. so it has no effect. the increase in crypto is based on demand and supply. as of today, millions of employees still have a small salary. but look, !! bitcoin prices keep going up. crypto remains up. so it can't be used as a reference.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: msarro on January 18, 2020, 06:05:46 AM
Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?

FYI bitcoin has touched its ATH of 19000$ with same wages.
There are countries were wages are too low as compared to USA UK, even then bitcoin is revolving around 9k$. Bitcoin is invented to have controlled inflation rate and demand/supply will drive its price.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: The Cryptovator on January 18, 2020, 07:24:20 AM
When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?
Most likely you don't have enough knowledge about economy. A country is free to print lots of money, but have you thought what will happen after that? There is some rules regulation with central bank how much money they should print to keep stable their economy system. They decide it based on so many things especially GDP (Gross Domestic Product). For example you are getting now $10 per hour for your job and you are paying your children's school fee $25 monthly. Imagine if government print more money and they give you $100 per hours then you have to pay your children's school fee $250 monthly. Am I right? Because salary will be increased for all citizens, not only for you. For example you have take a bag of money when you are going to shopping Korea. So what's benefit by printing lots of money? You should read an article Printing Money – Can a Country print Money and get Rich? (https://www.wisdomtimes.com/blog/printing-money-can-a-country-print-money-and-get-rich/).

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.
I will refer again above, it will happen same for crypto-currency as well. If bitcoin price 10000 now on your local country when your wages is 10$ per hours. So it will be 100000 in your local country when your salary will be increased to $100, because I told you before if this happen government will increased wage for all over citizens. So this idea couldn't work.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: White Christmas on January 18, 2020, 05:17:29 PM
there are many types of jobs in the world and every country is different and not all countries or governments will treat their citizens the same as other countries' policies. so i don't think it's something that can be equated in every country and there are still many other big investors who can afford to make the price of bitcoin soar, if everyone can afford to invest large amounts in the crypto market, then of course that won't happen. remember, there are poor people, simple people, rich people, and even higher
It is that "No government want to make it's citizen Millionaire" it is just the fact that the government wants to rule the whole country in order to provide a proper transaction yet a open transaction for everyone that will be able to see on what are happening on the payments and the transactions that they are doing. Every country has their own government and ordinances or laws in which must be follow by the citizen on the said country even the richest must follow it because it is the law that has been produced by the government and the constitution, those people who are millionaire already are the one who have the key on how they will control the soaring of the cryptocurrency as well as the market.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: ReiMomo on January 18, 2020, 05:25:58 PM
Bitcoin economy will collapse because too much money out and of course. It can't be a reason for Bitcoin price growing. Only high demand makes price go high.

There's no correlation between the bitcoin price and the fiat or money. Bitcoin price will go up once the demand will increase and the supply, of course, will less because bitcoin has a limit and it is a fixed amount. We can not blame those governments on what they believed because they are blindly and did not see the good future of using bitcoin. They are always afraid of money laundering which is the obligation to pay tax will be affected.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Wysi on January 18, 2020, 05:33:56 PM
Bitcoin economy will collapse because too much money out and of course. It can't be a reason for Bitcoin price growing. Only high demand makes price go high.

There's no correlation between the bitcoin price and the fiat or money. Bitcoin price will go up once the demand will increase and the supply, of course, will less because bitcoin has a limit and it is a fixed amount. We can not blame those governments on what they believed because they are blindly and did not see the good future of using bitcoin. They are always afraid of money laundering which is the obligation to pay tax will be affected.

Definitely government will miss out a huge amount of tax due to the money laundering activities but at the same time government is trying to intimidate it's citizens to stop using bitcoin through warnings over emails, ATM machines and this is not just because of money laundering but they are afraid that they will not be able to suck out money from citizens like they had been doing till now in terms of tax and they will lose control over the money if people adopts bitcoin.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: AicecreaME on January 18, 2020, 06:25:34 PM
if a country is prosperous for all people, it is possible to import power from abroad, and it may be that the imported power will have high tariffs in the prosperous country. but I think it is difficult to reduce poverty to 0, even in developed countries is difficult

Being poor is a choice, even the Government do something about it, if the people are not interested on making their lives fruitful then there is no sense on helping them. Also there are people who'd like to always rely on the help of the Government, it is too tiring to spoon feed people, they will not grow up and they are diseases to the country, that is why there is a lot of people homeless, but I am not saying that all of the people in the streets are like that.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Baoo on January 18, 2020, 08:06:20 PM
In my opinion, blaming the governments is not the solution and it will certainly change nothing even the value of wages, it is true that there are some obstacles for the recognition of bitcoin or cryptocurrencies in general but you need to accept the truth and then deal with it, you don't need to be linked to anyone.

Furthermore, the issue that value of Bitcoin is unstable and the opposite is true for the FIAT ( like, Euro, USD..ect ), that's why the governments are really confused.
In my opinion, giving the excuses and complaining is really ashamed and unfortunately, it is widespread in most of people.



Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Doell on January 18, 2020, 10:02:12 PM
how can the government not want to see its citizens become millionaires ,when citizens become more income rich then government will also benefit from various taxes and other management ,regarding salaries I think it still looks high $ 11/hour is not small money even there are still many minimum wages in in other parts of the world ,well wages depend on work too as well and I think different positions so wages will be different especially for a manager or director


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: abhiseshakana on January 19, 2020, 07:37:06 AM
You and many people are talking about Zimbabwe and Venzuela, the country who does not officially handle or has United State Dollar or British Pound, Euro, I am just talking about currencies those are being printed freely Like USD, Euro, Pound. Do you know that there are more USD in the World comparing to ZMD? But USD is stable, did anyone face or reported any hyperinflation yet? The term hyperinflation is just created to manipulate the economy of a region, US does not want that any country can do business without USD. Thats why they manipulate the currency by this so called term otherwise when you have more money, you could be more free to spend, enjoy your life or pay taxes. So where is the problem when a govt get a punishment with this so called term 'hyperinflation'? Actually there is no hyperinflation, US just manipulate the prices by applying this term on debit. Because US only accept USD, it does not accept any other country's currency, therefor It divide the total country wealth with the remaining asset in USD to calculate the value of that country's currency, it is where the hyperinflation come to existent.


As the winner of World War II, the winner takes all. America dominates the military and America dominates the economy through its currency. But we all agreed on the system all this time. Fiat money system which is actually corrupt and failed. If we use a universally accepted intrinsic currency, then we don't need to worry about inflation. The fiat system creates a debt system, debt securities do not represent the real value of money owned by someone.

Hyperinflation can occur depending on a country's economic conditions, the causes of hyperinflation vary, but usually, it is a revolution, war, or political transition. In addition, a country's fiscal conditions also affect the level of inflation. Conditions of political and security instability in the country put pressure on the state budget, for example, war spending, welfare spending, and public and government spending.

Conditions in Venezuela and Zimbabwe, in addition to being caused by security and political instability, there were shocks that caused shocks to the economies of the two countries. Zimbabwe experienced hyperinflation due to the decline in the results of the pertain (as a result of the redistribution of land by the government). While Venezuela is hyperinflation due to falling world oil prices plus a total economic embargo from the United States.

These economic shocks have a series of impacts, such as the decline in tax revenues which has caused a "hole" in public financing. The government has overcome this by printing money, but this has pushed inflation up. Especially if to meet domestic needs, import must be done and to solve economic problems using direct foreign investment.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: iamsheikhadil on January 19, 2020, 07:52:37 AM
While it's true because even the politicians who oppose crypto themselves in policies actually personally invest in in crypto themselves with their hypocrite selves. But can they stop the common? Never. Because Bitcoin is there itself to provide privacy and transparency and unmonitored transactions!


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: SquallLeonhart on January 19, 2020, 10:16:59 AM
I don't get people who are claiming bitcoin will die, bitcoin has been in a huge increase just recently, we are talking about a 20%+ YTD increase on January 19th here, that means bitcoin is not going anywhere.

There is no money "going out of" bitcoin neither, because whenever some people take money out of the market, even more goes in and increases the price, plus with the addition of stablecoins, people are not really out of market like they used to, back in 2017 when people went out of the market they withdrew their money to their bank accounts, nowadays they just exchange it for USDT or whatever stablecoin they prefer. It is only humans that can look at a thing that is increasing in price and call it dying, no logical creature can ever look at something getting bigger and assume it is dying.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: doomistake on January 19, 2020, 01:01:03 PM
When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?
Most likely you don't have enough knowledge about economy. A country is free to print lots of money, but have you thought what will happen after that? There is some rules regulation with central bank how much money they should print to keep stable their economy system. They decide it based on so many things especially GDP (Gross Domestic Product). For example you are getting now $10 per hour for your job and you are paying your children's school fee $25 monthly. Imagine if government print more money and they give you $100 per hours then you have to pay your children's school fee $250 monthly. Am I right? Because salary will be increased for all citizens, not only for you. For example you have take a bag of money when you are going to shopping Korea. So what's benefit by printing lots of money? You should read an article Printing Money – Can a Country print Money and get Rich? (https://www.wisdomtimes.com/blog/printing-money-can-a-country-print-money-and-get-rich/).

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.
I will refer again above, it will happen same for crypto-currency as well. If bitcoin price 10000 now on your local country when your wages is 10$ per hours. So it will be 100000 in your local country when your salary will be increased to $100, because I told you before if this happen government will increased wage for all over citizens. So this idea couldn't work.


It is funny how people think that printing a lot more money will solve the problem about being rich and to make the economy growth, they didn't even know the monetary policy that which the Government will decide how much money should be printed, and according to the article that you referred, it will cause inflation which is the opposite of what we wanted for our country, because that will just make things worst for all of us.

And for OP's title, that no Government wants to make its citizen millionaire, is a line which is already been used so many times by toxic citizens that put all the blame to the Government even the are the ones who should be blame for being misfortune, because they are lazy to find a job and raise their families.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Latviand on January 19, 2020, 03:29:17 PM
So , their economy will collapse because too much money out and of course , that its not a reason for increasing bitcoin price.
A simple reason, high demand make price go high.
Just it. About no one goverment want to make their citizen become millionaire, well , i have no idea.

Maybe it's more like the government are afraid of their citizen could hide their money into cryptocurrency and they have the potential for hiding text, and also the government could not able to control people's wealth and it will be a threat for them
Not always. Some government are not adapting cryptos because of its unstable market value which will not promote equality in the market. As far as I know, currencies are created in order to promote balance in the world market and it might be due to lack of market price stability why there are countries which are against crypto adaptation. But let us do hope that someday, problems would be solved and cryptos will be widely used as a currency.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Beparanf on January 19, 2020, 03:33:58 PM
While it's true because even the politicians who oppose crypto themselves in policies actually personally invest in in crypto themselves with their hypocrite selves. But can they stop the common? Never. Because Bitcoin is there itself to provide privacy and transparency and unmonitored transactions!
Many just didn't see the usefulness of crypto or blockchain, they just greedy that they will not be able to get something from their people like taxing their assets. Or some are already tired of solving scam reports that came from crypto projects into their government problems. But for sure adoption will rise in each country.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: fiulpro on January 19, 2020, 04:49:19 PM
I don't think the economy will collapse if there are people with too much money , well taken these people earned this money the white way , without any corruption and without any black money therefore I think the government won't mind it.
Adoption of cryptocurrencies is not as simple as Fiat because you know , it's not just making people billionaires it's about handling the situations with the people since they cannot control them .


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Faxmate on January 19, 2020, 05:32:53 PM
While it's true because even the politicians who oppose crypto themselves in policies actually personally invest in in crypto themselves with their hypocrite selves. But can they stop the common? Never. Because Bitcoin is there itself to provide privacy and transparency and unmonitored transactions!
Yeah that’s true our rich people and Position’s use to invest their Kirby in crypto but the want to get all the profit alone. Governments are opposing crypto in some countries but not all over the world. So if in your place you are lucky though.  So government are not our enemy but we will have to remain determined about our investment


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Silberman on January 19, 2020, 06:23:06 PM
Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?
The price of bitcoin will reach 100k at some point and it will not be because of small investors it is going to be because of institutional investors, most of the money of the world is being controlled by a small fraction of the population so we need them to invest money in the market and the rest of the population will follow and will begin to use bitcoin as a result of this, besides what you are proposing will create huge levels of inflation and shows your lack of knowledge about the economy.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: FLoving on January 19, 2020, 06:33:16 PM
While it's true because even the politicians who oppose crypto themselves in policies actually personally invest in in crypto themselves with their hypocrite selves. But can they stop the common? Never. Because Bitcoin is there itself to provide privacy and transparency and unmonitored transactions!
Many just didn't see the usefulness of crypto or blockchain, they just greedy that they will not be able to get something from their people like taxing their assets. Or some are already tired of solving scam reports that came from crypto projects into their government problems. But for sure adoption will rise in each country.
It is all because of not having knowledge to maintain the system of crypto currencies if they will learn about it then they will create some tools with which they will be able to trace the scammers and they will also create wallets for their banks so that we will keep our crypto currencies in banks. We also need to promote the knowledge of crypto everywhere as if there is democracy in our states then we will be able to ask our governments to adopt it for our states.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: FlightyPouch on January 19, 2020, 06:34:42 PM
So government are not our enemy but we will have to remain determined about our investment

Well, for me, the government is somewhat our enemy even if they accept or legalized crypto currencies. They want to control the system in the country but with crypto currencies, no one controls it since it is decentralized. I think it is legalized in a lot of countries since people can get a profit out of it and we don't know, maybe the government are taking advantage of it too.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: MMysterious on January 19, 2020, 06:41:25 PM
Op is complaining without even knowing how the fiancial system works. First of all, a government cannot simply impose a x10 increase of wages or $100 per hour. Many businesses will be closed if op is to be followed. And there are also no guarantees that if higher wages is imposed a big part of it will flow to the crypto market.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: spike420211 on January 19, 2020, 07:10:34 PM
I don’t think that accusing anyone of your problems will improve your life. The state cannot simply bind and raise the minimum wage, because there is a market for free competition on which all pricing is formed.
What prevents you from becoming a specialist whose time costs $ 100 per hour?


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: luppecuppe on January 19, 2020, 09:00:06 PM
I think governments won't enact legalization for Cyrptocurrency. Why should they do this? There is a threatening situation for governments. States are as strong as their currencies. Bitcoin is stronger than many governments.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: criza on January 19, 2020, 10:18:21 PM
Op is complaining without even knowing how the fiancial system works. First of all, a government cannot simply impose a x10 increase of wages or $100 per hour. Many businesses will be closed if op is to be followed. And there are also no guarantees that if higher wages is imposed a big part of it will flow to the crypto market.
There are reasons in to which the Government does not make the wages of people high. One of the reason is it would disrupt the economic state due to high pay means high demand on goods and services because a lot of people would spend their money in it causing for a higher prices because supplies and services are deemed to be not enough due to the fact that consumers or worker's wage are high.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: carlzec on January 19, 2020, 10:25:32 PM
Governments do not dare to manipulate bitcoin price. This is a very risky market. Governments should not invest in such risky markets. I think that private companies will make more effective investments in this field.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: GideonGono on January 20, 2020, 03:23:37 AM
Governments do not dare to manipulate bitcoin price. This is a very risky market. Governments should not invest in such risky markets. I think that private companies will make more effective investments in this field.

That's why they are not promote bitcoin because of the risky thing and also gambling included by such that no taxes goes from that. Government also warn their citizen for the cryptocurrency because it based from worldwide.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Shasha80 on January 20, 2020, 05:53:47 AM
I also feel that the government is afraid that if its citizens become rich it will not be able to be controlled anymore, and therefore
the government will regulates the total salary of the population so that it is not too big. So from that there is actually no relationship
between the government limiting the salaries of its residents, with the number of people who want to invest in bitcoin. Because with
a small salary, if our financial arrangements are good, we can invest in bitcoin. And regarding fiat currency, it cannot be printed
haphazardly by the government, if it carelessly increases prnted money then can have a bad effect on the state, hyperinflation will occur.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: yulionoo on January 20, 2020, 06:37:25 AM
I think that raising the wages of British employees will not have much impact on the price of bitcoin. even though the wages of British employees are raised to $ 100 / hour it will not make the price of bitcoin increase. because not everyone wants to invest in bitcoin.
bitcoin prices can increase if the number of bitcoin requests continues to increase and also a lot of positive news that supports bitcoin.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: DashingAgent on January 20, 2020, 08:04:24 PM
I don’t think that accusing anyone of your problems will improve your life. The state cannot simply bind and raise the minimum wage, because there is a market for free competition on which all pricing is formed.
What prevents you from becoming a specialist whose time costs $ 100 per hour?

Do you think that a specialist deserves just $100 per hour? Or $1K per hour? IMO it should be more than $1K.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: atjiat on January 22, 2020, 06:46:51 AM
I think that raising the wages of British employees will not have much impact on the price of bitcoin. even though the wages of British employees are raised to $ 100 / hour it will not make the price of bitcoin increase. because not everyone wants to invest in bitcoin.
bitcoin prices can increase if the number of bitcoin requests continues to increase and also a lot of positive news that supports bitcoin.
Actually, the salary increase for British officials is almost a drop in the bucket to increase a person’s income to the point where people are looking for different types of investments and turn their attention to cryptocurrency.  In addition, you need to consider that bitcoin is not the most popular means of investment.  Here I completely agree with you that only an increase in demand for Bitcoin will increase its value.  But it should be noted that the reduction in the supply of bitcoin in the market also plays an important role, but for this, speculators need to stop their activities and not manipulate the cryptocurrency market.  Everything has its own pattern and while bitcoin is an investment that is made thanks to volatility, we will see the cryptocurrency market in the form that it is today.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: angrynerd88 on January 22, 2020, 07:59:45 AM
Job will not make you rich,you are waiting for increment whole year other side comodities price increase more than employees increment.This is reason people switching to the crypto,Bitcoin price rise and if look technically the price of Bitcoin in one decade just rise because the demand of Bitcoin increase.who invest in Bitcoin will get benefit from it.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: julius caesar on January 22, 2020, 09:34:21 AM
When all of the fiat money has been hidden in the cryptocurrency, there is a chance that the price of the fiat money will go down because there will be no more supply of fiat money. This is the reason why the government does not want to allow bitcoin or cryptocurrency to be legalize in their country.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: smyslov on January 22, 2020, 12:34:24 PM
Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?

I would like to answer in general, if they increase the salary of workers, the company will be force to increase the price of their products and services and this will bring inflation, I am not that good in economics, but the company can keep up with the rise of employees rate, so they will just get the increase on the rate on their products and services.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: bettercrypto on January 22, 2020, 02:09:15 PM
Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?
Haha. What a joke of the government.
Very well said! Government does not want their citizen to be educated and wealthy, why? Because they know that anytime they might lose control to the people. That's why we are working a lot but we receuve low amount of salary. Government does not care with economy and citizen of the country but they care about their own financial assets.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: CarnagexD on January 22, 2020, 05:22:52 PM
While it's true because even the politicians who oppose crypto themselves in policies actually personally invest in in crypto themselves with their hypocrite selves. But can they stop the common? Never. Because Bitcoin is there itself to provide privacy and transparency and unmonitored transactions!
Yeah that’s true our rich people and Position’s use to invest their Kirby in crypto but the want to get all the profit alone. Governments are opposing crypto in some countries but not all over the world. So if in your place you are lucky though.  So government are not our enemy but we will have to remain determined about our investment
You. can't just attribute every failures to the government. We all know very well how governments are and it is not hidden from sight that they're nothing but fat pigs. What do we do to stop the cycle? We work hard. Get a second job if you can, maybe even adjust your investment strategy so you can earn more while lose less. Save money. There is much to be done if we stopped on complaining and do the work ourselves.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Kevondo on January 23, 2020, 03:15:19 PM
Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?
Haha. What a joke of the government.
Very well said! Government does not want their citizen to be educated and wealthy, why? Because they know that anytime they might lose control to the people. That's why we are working a lot but we receuve low amount of salary. Government does not care with economy and citizen of the country but they care about their own financial assets.
All the governments and authorities are busy in filling their pockets. Whatever they do has no real basis, it is just a show to fool their people. As they have no concern with the common people and their wellbeing why would they led something happen that would help and secure them. Crypto is benefiting common people by financially making them stable, providing them needed security, giving them multiple options of investments this all will made them independent, secure and stable. This would be a threat for the government as they never want their people to be in a better and stable state because that would take off their control from them.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: davinchi on January 24, 2020, 04:11:06 AM
One thing that I know for sure no employe becomes a millionaire without investing. You can't be rich if you just do your work from 9 to 5 you must allocate some of your money for investing in this case is bitcoin, Well, I agree with OP that we kinda hardly even to purchase bitcoin since our salary is not enough besides that we must allocate on our spending, however, some people become millionaire by building a startup but the chance to be successful is very low.
Only proper management could make us rich and investing is only one way to go. Blaming the wages and telling government to raise the wage that high is not going to solve any problem. Money don't grow no trees as well as the employers' and company's fund and increasing wage to ridiculous amount of $100/h will just spell bankruptcy for most of the companies not to mention the inflation. Our economy is flawed but too much demanding won't solve anything.
If there is more employment there is more income and people will be rich. There will be population left seeking for financial help and food. There will be increment in economic conditions of various countries. What government want is more employed people around them. Government should first see the both good and bad impacts/sides of employed and unemployed people. Because, there are people who have no job and are investing in bitcoins as their source of earning and income.

A lot of peoples have left their  job just to settle on with cryptocurrencies and it has always been profitable for such peoples. Majority of potential peoples find major profits in the cryptocurrencies rather than any centralized job so peoples do actively shift from their regular job to invest and earn cryptocurrencies.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: sunsilk on January 24, 2020, 05:06:08 AM
There's no relation between bitcoin and the minimum wages that we have for our countries. Actually, the given example was already high enough compared to the third world countries that make that minimum per hour into a minimum per day.

And the world isn't just rotating with the minimum earners because this is all about the economy of the bitcoin market. I get the point of questioning how would people be able to invest if they only have less salary which sums up to the total market cap of bitcoin. The bitcoin economy doesn't go like that.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: JC btc on January 24, 2020, 06:18:11 AM
That's sad reality, because they are always putting in the mindset of the people regarding contentment, also when you are young you will always hear your parents and teachers saying that , 'you need to study hard, so that you can find a job and become successful' and almost all in the government has their own businesses so that they can hire you, but the point is they are the one who were just making a lot of money.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Silberman on January 24, 2020, 02:37:54 PM
Op is complaining without even knowing how the fiancial system works. First of all, a government cannot simply impose a x10 increase of wages or $100 per hour. Many businesses will be closed if op is to be followed. And there are also no guarantees that if higher wages is imposed a big part of it will flow to the crypto market.
There are reasons in to which the Government does not make the wages of people high. One of the reason is it would disrupt the economic state due to high pay means high demand on goods and services because a lot of people would spend their money in it causing for a higher prices because supplies and services are deemed to be not enough due to the fact that consumers or worker's wage are high.
It seems for what it is written in the OP that he is not really asking the government to print money and pay people 10x their wages what he is asking is that the governments pass laws that forces businesses to pay that amount of money, but if governments did that then we will see massive unemployment as they fire anyone in their business that is not essential, we are already seeing something similar since computers are so much cheaper and if you tried to raise wages like that then they will have an even bigger incentive to fire almost everyone.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: ice098 on January 24, 2020, 02:58:21 PM
Op is complaining without even knowing how the fiancial system works. First of all, a government cannot simply impose a x10 increase of wages or $100 per hour. Many businesses will be closed if op is to be followed. And there are also no guarantees that if higher wages is imposed a big part of it will flow to the crypto market.
There are reasons in to which the Government does not make the wages of people high. One of the reason is it would disrupt the economic state due to high pay means high demand on goods and services because a lot of people would spend their money in it causing for a higher prices because supplies and services are deemed to be not enough due to the fact that consumers or worker's wage are high.
It seems for what it is written in the OP that he is not really asking the government to print money and pay people 10x their wages what he is asking is that the governments pass laws that forces businesses to pay that amount of money, but if governments did that then we will see massive unemployment as they fire anyone in their business that is not essential, we are already seeing something similar since computers are so much cheaper and if you tried to raise wages like that then they will have an even bigger incentive to fire almost everyone.
But the point here is the government are allowing us people to pay taxes for some good reasons like donating food, cloth and other things for those poeple who encounter calamities. Is in it that good enough reason for paying tax? We should understand that they also use our taxes in a good way although they are corrupt politicians who takes advantage.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: wozzek23 on January 24, 2020, 03:23:00 PM
--snip

It should be, if the government has a rich society, the government will not spend a lot of budget on poor people. but is increasing wage a solution?
it will cause some negative and positive impacts. but the negative impact will be more unemployment if the company is unable to pay high wage and they will cut off work rights. we must change the mindset and not demand too much, because there are also many people who invest in bitcoin without having a job.
Increment in regular payment of a job is not always a solution. And yes I do agree there must be a change in mindset of people by not demanding too much from the work and the services we get. We at least get a wage but there is population which are wholly dependent on bitcoins where we don't even get a fix pay. Instead for asking a higher wage let's help poor ones who don't even have a job and nor can invest in bitcoins.

Cryptocurrencies offer a huge list of jobs and it really makes it easier for unemployed peoples to find a suitable job. You can even earn cryptocurrencies by investing into them or actually even if you don’t invest into them by working as a freelancer or offering any kind of service.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Accountsell on January 24, 2020, 03:51:17 PM
Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?
That is why i hate the governments.
Why do they not want to see their citizens become millionaiers? I think a answer to this question would end up on the taxation.
Government wants to imply as much tax as possible from the citizens but bitcoins would never allow peoples to pay their taxes because of them being decentralized and because hence government does not allow peoples to use bitcoins.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Boov on January 24, 2020, 03:58:00 PM
--snip

It should be, if the government has a rich society, the government will not spend a lot of budget on poor people. but is increasing wage a solution?
it will cause some negative and positive impacts. but the negative impact will be more unemployment if the company is unable to pay high wage and they will cut off work rights. we must change the mindset and not demand too much, because there are also many people who invest in bitcoin without having a job.
Increment in regular payment of a job is not always a solution. And yes I do agree there must be a change in mindset of people by not demanding too much from the work and the services we get. We at least get a wage but there is population which are wholly dependent on bitcoins where we don't even get a fix pay. Instead for asking a higher wage let's help poor ones who don't even have a job and nor can invest in bitcoins.

Cryptocurrencies offer a huge list of jobs and it really makes it easier for unemployed peoples to find a suitable job. You can even earn cryptocurrencies by investing into them or actually even if you don’t invest into them by working as a freelancer or offering any kind of service.
People are demanding towards their incomes or salaries because sometimes what they get from a stable job is not yet enough for their daily finacial needs due to continues price increase of various commodities and fare hikes so you you cant blame the people to demand because their monthly income is not totally enough. How much more here in the crypto world if it is your only job how can you provide your families basic commodities if you will earn less than what you deserve.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: doomloop on January 24, 2020, 05:16:54 PM
--snip

It should be, if the government has a rich society, the government will not spend a lot of budget on poor people. but is increasing wage a solution?
it will cause some negative and positive impacts. but the negative impact will be more unemployment if the company is unable to pay high wage and they will cut off work rights. we must change the mindset and not demand too much, because there are also many people who invest in bitcoin without having a job.
Increment in regular payment of a job is not always a solution. And yes I do agree there must be a change in mindset of people by not demanding too much from the work and the services we get. We at least get a wage but there is population which are wholly dependent on bitcoins where we don't even get a fix pay. Instead for asking a higher wage let's help poor ones who don't even have a job and nor can invest in bitcoins.

Cryptocurrencies offer a huge list of jobs and it really makes it easier for unemployed peoples to find a suitable job. You can even earn cryptocurrencies by investing into them or actually even if you don’t invest into them by working as a freelancer or offering any kind of service.
People are demanding towards their incomes or salaries because sometimes what they get from a stable job is not yet enough for their daily finacial needs due to continues price increase of various commodities and fare hikes so you you cant blame the people to demand because their monthly income is not totally enough. How much more here in the crypto world if it is your only job how can you provide your families basic commodities if you will earn less than what you deserve.
It is the best opportunity to make yourself financially stable by working even one or two hours daily. If you want to do some small scale trading or free lancing you can do that even with your job. It will not take your much time or effort, but before involving in any such activity, first make yourself aware from the nature of the job is it really an opportunity or you are just wasting your energy for some frauds. So be careful!


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: asus09 on January 24, 2020, 06:28:47 PM
Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?
Government want to their citizen always become poor person where look benefit looking for many worker with their company project, how come if bitcoin become legal payment and investing transaction and give much profit for their citizen, where does government looking for many worker and how to pay with higher salary every hours.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: dothebeats on January 24, 2020, 06:46:19 PM
I'm pretty sure most countries would love to have their citisens well-off since they can tax them a lot more. Also, making a mandataory wage increase to a huge sum may leave the country's economy paralyzed, as it's not easier said than done and there are other factors being taken into account here and not just the cost of living of the worker. If that's how easy it is then I guess everyone could have done it already and we all be enjoying with tons of money in the bank.

Investing is an option wage earners can choose if they want to at least step-up their way of living. Not everyone is successful in doing so and not everyone has the knowledge about it, but there's always a way out. Bitcoin *could* be it, but not all people are ready to handle it.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Pinkris128 on January 24, 2020, 10:24:46 PM
Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?
Government want to their citizen always become poor person where look benefit looking for many worker with their company project, how come if bitcoin become legal payment and investing transaction and give much profit for their citizen, where does government looking for many worker and how to pay with higher salary every hours.
Not really. The government has never wanted their citizen to always become poor nor rich that they all just wanted to have a balance economy to avoid any problems in the economy of their country like scarcity. Just always remember that the government don't really want to help the poor and the rich, all they think about is making the laws and themselves.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Silberman on February 01, 2020, 07:21:03 PM
I'm pretty sure most countries would love to have their citisens well-off since they can tax them a lot more. Also, making a mandataory wage increase to a huge sum may leave the country's economy paralyzed, as it's not easier said than done and there are other factors being taken into account here and not just the cost of living of the worker. If that's how easy it is then I guess everyone could have done it already and we all be enjoying with tons of money in the bank.

Investing is an option wage earners can choose if they want to at least step-up their way of living. Not everyone is successful in doing so and not everyone has the knowledge about it, but there's always a way out. Bitcoin *could* be it, but not all people are ready to handle it.
I have no doubt that governments are responsible of many of the problems of the world but we must also recognize that the reason most people are not successful are for reasons of their own making, people make all kind of economic mistakes which cause them to not reach their goals, they buy stuff they do not need, they get in debt for useless reasons, they have kids they cannot afford and so on, so if anyone makes mistakes like that then it is obvious he will not make a lot of money.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Zemomtum on February 01, 2020, 11:49:51 PM
Waoh, this is a great thought by you. No Government want to make her citizen rich and here come a digital gold that opposed this assertion by giving power back to the people to determine their level of financial freedom


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: CaVO32 on February 01, 2020, 11:57:40 PM
I'm pretty sure most countries would love to have their citisens well-off since they can tax them a lot more. Also, making a mandataory wage increase to a huge sum may leave the country's economy paralyzed, as it's not easier said than done and there are other factors being taken into account here and not just the cost of living of the worker. If that's how easy it is then I guess everyone could have done it already and we all be enjoying with tons of money in the bank.

Investing is an option wage earners can choose if they want to at least step-up their way of living. Not everyone is successful in doing so and not everyone has the knowledge about it, but there's always a way out. Bitcoin *could* be it, but not all people are ready to handle it.
I have no doubt that governments are responsible of many of the problems of the world but we must also recognize that the reason most people are not successful are for reasons of their own making, people make all kind of economic mistakes which cause them to not reach their goals, they buy stuff they do not need, they get in debt for useless reasons, they have kids they cannot afford and so on, so if anyone makes mistakes like that then it is obvious he will not make a lot of money.

very true! the path of a person depends on the person himself. the government can't give all the requirements of its constituents. if they will rely on their government's support, i don't think people who are successful today are on their position right now. it takes hard work, determination and a lot of effort to achieve what you want in life. every person can carve his own path, he can either choose the opposite way but he should know the consequences of his actions.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: frank0ly on February 02, 2020, 07:01:12 AM
That sounds so ridiculous. "States do not want people to live well." After all, the government is the same people as we are. Why did it happen that some people control others. More likely not quite so. Why do we let the destructive system control us? After all, we are all the same, we all want happiness and peace, so why not start doing it? Bitcoin has given the idea of freedom to many people. Therefore, I suggest starting with ourselves. Promote and use bitcoin in our life.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Google+ on February 02, 2020, 09:13:55 AM
Waoh, this is a great thought by you. No Government want to make her citizen rich and here come a digital gold that opposed this assertion by giving power back to the people to determine their level of financial freedom
I see many governments who do not know that many of their people are still rich and these rich people I think are still good with the government because they are still making tax payments but indeed bitcoin can never be controlled by the government even there is no tax bound by bitcoin and currently the government is still trying hard to be able to control the circulation and use of bitcoin.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Janation on February 02, 2020, 09:23:53 AM
That sounds so ridiculous. "States do not want people to live well." After all, the government is the same people as we are. Why did it happen that some people control others. More likely not quite so. Why do we let the destructive system control us? After all, we are all the same, we all want happiness and peace, so why not start doing it? Bitcoin has given the idea of freedom to many people. Therefore, I suggest starting with ourselves. Promote and use bitcoin in our life.

Government are so controlling, that is why.

Even with the decentralization of cryptocurrencies, the usage of Bitcoin and others are so small that is why we are still using other payment methods particularly fiats. In our country, we can't really promote cryptos as a lot of people are suspecting it for being a fraud or a scam.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Tylev on February 15, 2020, 05:14:56 AM
Our world has its own economic laws. It is impossible to increase wages to citizens of the country simply by the desire of the government. The economy of the state must be balanced. The government can increase salaries, that is, state budget expenditures only when revenues increase. Otherwise, inflation will rise sharply and the state economy will collapse. Not everything is as simple as it seems at first glance.
Bitcoins are subject only to supply and demand. They work very differently than the currency of any state and therefore will never become the official currency of a particular state.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: butcherme on February 15, 2020, 09:36:18 AM
Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?
We shouldn't really blame anyone if you want to blame someone you should blame yourself.
It doesn't matter how much you would be paid at your work if you couldn't manage your money well then it would be useless.
Effort and hardwork makes it possible for a person to be rich and we have seen it so many times.
We need to find a way to make some money not to be slave by it.
Don't blame the government if others could do it then why can't you?


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: spike420211 on February 15, 2020, 07:13:19 PM
I would change your title. The state really does not want to make one of its citizens a millionaire, but at the same time, it does not prohibit him from becoming one.
However, what the state really does not want to do is increase the number of human freedoms.
The state always seeks to suppress human freedom so that it works for the state all its life, gives the best years to the state, working in its factories and infrastructures.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: FlightyPouch on February 15, 2020, 10:07:52 PM
We need to find a way to make some money not to be slave by it.
Don't blame the government if others could do it then why can't you?

Why can't we blame them? They are taking advantage of the position they are in. They want to save themselves not save the country they are in. You can't expect someone to just be good with the money they are earning since in the first place, they are being paid well and the government is just not improving that the reason people here are forced to go to other countries to find a job a good salary.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Janation on February 16, 2020, 02:47:06 AM
We need to find a way to make some money not to be slave by it.
Don't blame the government if others could do it then why can't you?

Why can't we blame them? They are taking advantage of the position they are in. They want to save themselves not save the country they are in. You can't expect someone to just be good with the money they are earning since in the first place, they are being paid well and the government is just not improving that the reason people here are forced to go to other countries to find a job a good salary.

Do you hear yourself?

There are a lot of people that are taking advantage of the services of the government. If the people will not be making a move to redeem themselves and just stay roght there then they deserve to be poor. There are a lot of ways to earn money, to have a job, to start a career, all of that starts at you.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: bitbunnny on February 16, 2020, 10:34:23 AM
I would change your title. The state really does not want to make one of its citizens a millionaire, but at the same time, it does not prohibit him from becoming one.
However, what the state really does not want to do is increase the number of human freedoms.
The state always seeks to suppress human freedom so that it works for the state all its life, gives the best years to the state, working in its factories and infrastructures.

I can't agree with that. Not all governments are functioning the same and not all are suppressing human freedoms. Maybe you live in some of such countries but luckily  that is not the case all over the world.
People always like conspiracy theories and it's easier to blane government or some unknown third party because of low Bitcoin price or low acceptance or whatever unfavourable situation connected to Bitcoin than to admit that not everything is perfect when it comes to Bitcoin functioning and Bitcoin market.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: FlightyPouch on February 16, 2020, 11:20:14 AM
There are a lot of people that are taking advantage of the services of the government. If the people will not be making a move to redeem themselves and just stay right there then they deserve to be poor. There are a lot of ways to earn money, to have a job, to start a career, all of that starts at you.

It is true but not all of the people that need it gets it. Despite the government making these "projects" that will help the people, not all of them are getting it. They are letting the system eat those people that need help especially when it comes to job and career. Get a job, well they need a diploma, something that proves they are worthy of that position but they don't have one. Just imagine that and think how hard it is for them.


Title: Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire
Post by: Negotiation on February 16, 2020, 11:31:52 AM
No one will blame Bitcoin here because the government does not want its country to prosper He just wants to keep everything in his hands  For example the general public suffers from a lot of problems when government employees are just working to increase their pay Through Bitcoin they have gained a lot of freedom and found ways to work. If Bitcoin does not work under the control of anyone, the economy will be fed by using Bitcoin.