The danger of the cyptocurrencies

[andyste]

you say danger cryptocurency
so why you can use cryptocurency
why you still find bitcoin and follow signature campaign
i think is your opinion is bad to growth community cryptco coin

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[rekinthis]

One danger i only know is that fresh crypto curencies might be dead soon, so you shouldn't even buy fresh cryptos as you might lose a lot of your money

[mindrust]

for example what do you mean by "what if CIA behind this project"? you mean what if they have some kind of malicious code inserted inside bitcoin code or are you thinking about them controlling the supply? both of which don't seem to be true to me!

CIA is evil.

If they are behind this, there isn't any possibiliry that it can be good for the humanity. If you don't agree then you are too naive.

I don't say they hid some malicious code inside. They don't need to.

Now you bring it up, Satoshi (or CIA) may have a hidden stash which has thousands of bitcoin in it. Wouldn't it be a danger? When bitcoin hits 1Million... Pheew.

[mindrust]

you say danger cryptocurency
so why you can use cryptocurency
why you still find bitcoin and follow signature campaign
i think is your opinion is bad to growth community cryptco coin

I am not saying that it is bad. I am thinking about the possibilities. Can't you understand it?

If my opinion is a threat to the community of crypto currencies, then it only proves that it can be true!

[Kprawn]

You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.

Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.

There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:

If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.

What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.

Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!

 I am not sure if that's a good thing. Being dependent so much on computers just scares me.

You go through the exact emotions than many people has gone through MANY years ago, when people were told that they should accept paper

money and not precious metals like silver and gold. You just do not remember that, because it was way before our times. Paper money did

reflect a specific value in precious metals, for example gold... but that is not true anymore. Nobody even know if that gold is still in vaults or if

some women is wearing it on her finger now. Now we are told that the value is represented by a digital token on a network controlled by no

central authority... Mind blowing stuff..   The Great part of this technology is, that no single authority has control over your "value" and you

have been given that control. It will take a lot more years for people to grasp that concept... but we believe plastic cards is money or the

worthless piece of paper represents "value" ...

[Backside walkaround]

This has been brought up before.   If bitcoin was the brainchild of the CIA, it's kinda probably not working out as well as they thought.  Who knows.  But in either case, people don't need the government to institute a cashless society through bitcoin.  Most of the people I know can't stand carrying cash as it is.  We'd be moving toward such a world anyway.  I like carrying cash myself, but cashless is the way of the future.

[cpfreeplz]

If George Bush's dog made bitcoins it wouldn't matter because you can see everything they did. It's open source. What if someone all of a sudden hacked the email network and sent everyone a virus simultaneously that killed all computers in the world?!?!

Enough with the doomsday crap. I am Satoshi Nakamoto. I say the Blockchain is good to go.

[BitcoinHodler]

it is so hard for some people to believe that such a decentralized technology that also has grown this much has nothing to do with any of the governments of any of the countries.

it would be understandable that CIA or any other 3 letter agency out there tries to enter bitcoin and find out more about it but to be the ones to create it, i doubt that.

[dunfida]

If i see the reality than nothing is happened as you said, I am not saying you are wrong, that is your thread and i respect it and also your thinking. But in my opinion, I don't think that fiat currency will be die now and ever, Crypto currency can be ended, but fiat currency always remain in the world.

Yes, no matter whats the motive on creating  crypto  it would really not affect fiat after all ,as we can see on bitcoin it may  have benefits regarding on doing private  transactions which is somehow a good thing  for some people  but   replacing  fiat completely would  be a different story and  it would  really happen.

[HateEU]

yea new cryptocurrencies knows to be really danerous but when they survived really long and they are in top 5 they can be really popular and good

[fravia]

you say danger cryptocurency
so why you can use cryptocurency
why you still find bitcoin and follow signature campaign
i think is your opinion is bad to growth community cryptco coin

there is no actual danger when it comes to cryptocurrencies because in my opinion they can make bitcoin grow

[~Bitcoin~]

I think what those government mean to say by cashless world is using electronic banking systems which we have from decades and are controlled by banks and governments. They will never support crypto to replace traditional electronic banking systems so i think in cashless world storing wealth over bitcoin could be considered safer place even more than these days because all those banks online banking are controlled and monitored heavely everyday by bank staffs and may even ask lots of question on future after blocking/freezing your whole cash making you almost homeless.

[SmartIphone]

I believe too that behind bitcoin is at least someone from government anyway bitcoin is going well.
Everything is going cashless and banks encourage us to use as much the credit/debit card.

[Xester]

Maybe everything you said is possible.  It would likely to happen since it would likely to control by the government.  Every details and the identity of every bitcoin address would be recorded.  But I think it will help to lessen criminality and corruption since every transaction is recorded and monitored.

[Dudeperfect]

Thanks for bringing this important topic on board, whenever I thought about bitcoin’s (or say crypto currency’s features) I have realized that we are really playing a gamble and the only thing that is keeping us going is that our deep belief in it. We are early adapters of this technology and yes you have a valid point that it would make government easy to seize property. However I think that it would happen is extreme worst case and if we could pay taxes through crypto currencies then there won’t be much problem. This is a complicated issue and must be discussed in deep before taking any major step.

[croutonhexagon]

Cryptocurrency are all decentralized so government could easily ban those coins anytime. And another risk is that their price keeps fluctuating and if our coin price don't rise high then we might suffer lot of losses in cryptocurrency world so it's better not relay much in cryptocurrency for earning.

[MingLee]

You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.

Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.

There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:

If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.

What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.

Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!

 I am not sure if that's a good thing. Being dependent so much on computers just scares me.

You're not wrong being worried about a lot of this and thinking that it could be a step in some sinister plan or whatever, but at the same time cash is going to exist for a very long time and I doubt that everything is suddenly going to be moved to government control. And the worries that Bitcoin is a CIA project are unfounded and lack evidence to back up that proposition.

Seems like too much tinfoil and not enough actual information.

[mtnsaa]

Dangers to bitcoin and blockchain tech include quantum computing & regulation basically.

Regarding regulation, the federal reserve recently expressed that they won't do it and they actually support it and find it very interesting. To me there's absolutely no need for regulation, you can tax it when it's converted to actual money/fiat and that's where all current laws will apply.

I won't debate about what happens if fiat is dead and it's all about digital money and cryptocurrencies because that's not a problem for us early adopters. We'll all be rich no matter what coin you are holding if that was the case.

[crairezx20]

Cryptocurrency are all decentralized so government could easily ban those coins anytime. And another risk is that their price keeps fluctuating and if our coin price don't rise high then we might suffer lot of losses in cryptocurrency world so it's better not relay much in cryptocurrency for earning.

It can be ban only for local but here in online i think they will still alive because many investors are using crypto and many company are now using bitcoin so its impossible that crypto will died..

[SaltySpitoon]

You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.

Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.

There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:

If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.

What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.

Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!

 I am not sure if that's a good thing. Being dependent so much on computers just scares me.

The point of Bitcoin is that it doesn't matter who made it. What if Satoshi is actually *insert bad guy* that doesn't make your money any less secure. The point of Bitcoin is that you can trust the algorithm that runs it, you don't need to trust some middleman to regulate it for you.

I dont think there will ever be a day where fiat or gold are "worthless". Gold has been a store of value recognized in every country in the world for thousands of years. The point of currency is to be a medium of exchange. To be a medium of exchange, all you need is for something to be recognized as having value by many people.

How does having money on a computer allow the government to rip you off?