Cryptocurrency should be insured and supported by goverment

[el kaka22]

Absolutely not, and this is just a silly thinking, there isn't really anything that would make sense like this at all, we should probably ignore it if we can. I understand that some people may want to do better and they want some protection but that doesn't work like this. When a nation "insures" something, they are using tax payer money most of the time.

For example in the USA, money up to 250k is protected, so you can invest as much as 250k, and if the bank collapses then you get 250k of it back. That is paid with what? That's right, it is paid with some of banks money but mostly tax payer money because government is terrible at keeping track of money to begin with. This is why I am fully against the idea that Bitcoin should be insured.

[JoyMarsha]

But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.

In what area of interest or constitution will the government start funding exchange and crypto? Have you forgotten that the government doesn't embark on what they don't believe in or have control over? If the government should think of such a move, take it that all exchanges will dance to their tone, they will have a high percentage of every crypto coin, and then control and manipulate the crypto market in a way that will suit them.

That being said, I doubt if the government will think of funding crypto exchanges whereby they have numerous implementation laws that really involve money they want to deal with than funding crypto instead.

[kryptqnick]

Regulating the crypto market and offering more options is something that can realistically happen. Offering crypto insurance services is also something I think has good potential. But I was thinking about basic protection against scams, hacks, perhaps also locking yourself out of a wallet (although this one might be too hard to prove and should require more conditions). Losing money when trading is just normal, natural. When people trade, they're taking that risk. So no insurance will cover such losses, much like gambling losses.

[royalfestus]

If the government insures Bitcoin then you lose custody of it. It means you are giving up your freedom. Government insuring Bitcoin is equal to regulation and control do you want that? If you do then just go ahead, call your broker and buy some Bitcoin EFT from Black Rock. The government is like the "Devil" in the religious stories, he gives you security with his right hand and takes your freedom with his left hand.

FYI- Trump isn't going to do jack.

I don't believe the government can control something they don't possess. Many investors, exchanges, and organizations have more Bitcoin than most governments. I think the financial structure of Bitcoin shouldn't mirror the existing banking system. It's better to leave it as it is for now.

[CryptopreneurBrainboss]

We Are in times when we should not tolerate that you can lose on financial markets.
The traders should have insurance protected by goverment for example binance futures should be insured and meme coins also.

Isn't this self entitlement, is it the governments that force you into trading, why should they be responsible for you. Memecoin are already a joke from its name so why do you want the governments to protect you from their unstable form when you can protect yourself by not participating in them through buying or trading if you can't do that on your own. There are things the government should be focusing on and i don't think this is one of them. The market is an open space where your knowledge/experience should helps you to make profits or losses. The beautiy of the market goes when we no longer lose as you won't find winning satisfying.

But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.

If this happens then we should get ready for regulations and while the governments are on that, should they also feed you three square meal and bath you too?. If you aren't comfortable with the environment that crypto offers, stay away from it so you don't not sound unreasonable with all your demands. The government have better issues to address and not making you to not lose is not top of the agenda.

[Rockstarguy]

We Are in times when we should not tolerate that you can lose on financial markets.
The traders should have insurance protected by goverment for example binance futures should be insured and meme coins also.
The govermnt should also provide support for markets and better liquity to help to pump prices up and with volatility.
The goverments should more support traders Let those people who Dont want to trade work and traders should only do finances and trading.
But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.

If their is no lose in trading that means their won't be gain because cryptocurrency trading is about lose and gain. Cryptocurrencies are very volatile and their is nothing that can be done to take the volatility from it. It doesn't make sense for you for the government to stop lose in cryptocurrency trading. It is always advisable for one to have understanding of trading so that the rate at which lose can occur can be reduced. The government can't change anything about cryptocurrency, the only thing the goverment can do is to restrict cryptocurrency trading.

The cryptocurrency is very clear to everyone that it is volatile in nature and anyone that wants to go into it should be ready to learn and understand how the market works.

[mirakal]

We don't need them because the crypto market will continue to grow without their participation. We are able to enjoy privacy before but when the government gets closer and implements some rules in exchanges, we are now losing it, and much more if they will regulate it that is more to lose from us. They don't give assurance to us, that is what I feel. I know they have some reason why they are eager to control crypto and that is worrying enough for now as they are moving in.

I still believe that adoption never needs insurance from the government but what we just need is their understanding and let people choose as long as it never involves crimes like money laundering and scams.

[Huppercase]

The goverments should more support traders Let those people who Dont want to trade work and traders should only do finances and trading.
But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.

Why are typing like you don't understand the government or new to them? What the government doesn't endorse, don't expect a compensation from them. By the way, USDT is a private money and not printed by the government but back by fiat printed by the government, how is that the government concern to insure it. If USDT need to be insure, then it has to be Tether who offered the currency to the public because you are warned by the government that crypto is a very risky investment and you should avoid it.

You seems to be a pro Trump but one thing you don't know is that Americans are not foolish people, they know what they want. It's not like many of them loves Joe Biden but because they don't like the way Trump ruled Americans is the reason why many of them voted for Biden and don't be surprised if he is reelected again for another four years, this crypto talks are just formalities.

[GeorgeJohn]

From the introduction of Bitcoin government has been kicked against existence of Bitcoin but I don't really know what government find quite wrong for Bitcoin that makes them to continue to have a series of attack in Bitcoin, so with the things that happened in cryptocurrency mostly Bitcoin and the government I don't think that there will be a time government will embrace cryptocurrency as a legal tender.

When looking at government from the way and the attitude they showed in Bitcoin and the some certain allegations they allegedly said or Bitcoin I don't think that the government can approve that bitcoin should be a legal tender in Society it depends the country from their own understanding of cryptocurrency and the its network that can accept a Bitcoin as a part of a legal tender in their Society but it seems that politicians and  some sectors of government is seeing bitcoin as a means of committing  money laundering and that's why have a series of attacks in bitcoin.

[goaldigger]

Government will not make any deal with crypto, not unless they get something from it and we all know the oligarch running the banks and they have the control over the government, so regardless of who will lead the country I'm sure there will always be a transaction under the table. Let's not expect that much from the government because since then, they are against crypto though lately we have seen a good development, but still they want something from this market.

[Dailyscript]

Everything you have listed should not be accepted by the government if not everyone who is into Bitcoin and other cryptocurrencies will be completely doomed. Just imagine how centralized exchange is fully under the owner and developer's hands and then imagine them becoming allies with the government there won't be a safe environment for traders and investors. Every day will be one from one bad news to the other. And gradually the digital finance system will crumble completely.