CASH is the clear king when it comes to laundering/illegal activities.
Bitcoin transactions will go to income tax department/building by law. |
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We are basically there today.
When money becomes digital in cashless society, there is no need for bitcoin. |
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That makes no sense what so ever. When debit cards and credit cards are used everywhere, there will be no cash/currency. Money will be digital |
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If CASH was banned and only credit cards and bank accounts were used that would also largely resolve the problems. No talk of dumping cash but it really is an obsolete concept compared to BTC.
Cashless society = Digital money. Bitcoin will be in real trouble. |
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A very good development because fraudulent people are already taking advantage of this system and are getting away with it without notice
When Bitcoin is under law it will be digital asset just like Silver which regulated by law. Silver was $80/ounce in 1980. |
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Libra will be game changer for facebook. It will mostly end facebook since facebook is famous for illegal activities.
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I do not think so, because there is no secure system, even bitcoins can be hacked, through an unsecured exchange.
Without currencies/money there will be no bitcoin. Without centralization Bitcoin will not get legal status. |
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The debate is still on-going if large investments from institutional firms, would be good or bad for Bitcoin in the long run. Some are saying it will bring more volatility <price manipulation> and others are just happy that the price will probably go to the Moon.
Institutional investors will be the BIG losers. They are only making early bitcoin investors rich. |
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Bitcoin is going back to $5000. Money will go to Gold. Look at Iran and middle east situation.
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Do you think Libra will be a failure? According to you, why?
There are talks going on in Indian and USA government for banning bitcoin. |
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Today Bitcoin value is $9000.  |
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I would love to understand on how exactly they plan on banning it?
Bitcoin is famous for money laundering. Bitconnect used bitcoin for $14 billion ponzi. All eyes are on Bitcoin |
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Bitcoin will get banned if money laundering and ponzi increases from Bitcoin. Without centralization Bitcoin will not get legal status.
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I doubt it will be a failure considering how many big names they have behind and even if they didn't, it's fricking facebook. Their stocks already reacted really positively to it, 10% gains in 3 days and how are they going to fail anyways? A lot of noobs will certainly use it and buy it even if they don't know anything about cryptos.
Anil Ambani was 6th richest man in 2008. Few months back, Mukesh Ambani paid $80 million so that Anil Ambani does not go to jail for non-payment. |
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Bitcoin Threatens To 'Take Power' From The U.S. Federal ReserveBitcoin has long been called a threat to the existing financial system and the central banks that run it—though these claims have in the past been largely fringe ideas.The bitcoin price, now hovering around $8,000 per bitcoin, double what it began the year at, is often closely tied to public awareness of cryptocurrencies and the latest bitcoin bull run beginning in early April re-started the public debate on bitcoin. Now, U.S. Democrat Congressman Brad Sherman has urged his colleagues to consider banning bitcoin and cryptocurrencies due to the threat they pose to U.S. international financial power, saying bitcoin needs to be "[nipped] in the bud." https://www.forbes.com/sites
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Just like electric cars, Libra will be a failure. All the hype from those MBAs and CAs who waste people's hard earned money promoting nonsense products.
See the real world out there.
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Lot of them but it varies from people to people,some people who afraid of height consider working in the heights as most dangerous job and some people who afraid of getting shocked thinks that working as electrician as dangerous job and this goes on.
Wildlife photography would win for most dangerous jobs. See many stories posted in this thread. |
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The biggest threat to fiat money is inflation. Inflation can be cured by injecting wealth into the economy and by that rising enough belief to keep the system afloat. This can be done for instance by occupying foreign countries and by that opening up new markets to the companies that are essential to the economy. Or this can be done by loose regulations with the derivatives markets, that will create wealth out of thin air and high hopes.
only laws of demand and supply apply to world economy. More demand than supply, prices goes up. More supply than demand, price falls. |
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Those people are just some dumbs who lost money due to joining the market in the all time high.
However, I don't agree with you that Bitcoin can be both a global currency and an alternative to Gold or Silver. It should be the one or the other.
Bitcoin will get banned if money laundering and ponzi increases from Bitcoin. Without centralization Bitcoin will not get legal status. |
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So much attention to the token that has not yet embroidered. Personally, I will not use a centralized currency. If I needed centralization, I would not come to a cryptocurrency.
Without centralization Bitcoin will not get legal status. Bitcoin will get banned if money laundering and ponzi increases from Bitcoin |
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