The danger of the cyptocurrencies

[Wandering Soul~]

Well there are no dangers associated with cryptocurrencies especially Bitcoin if you know your ways around them. Many fall victim because Bitcoin is virtual and requires some basic knowledge in computer before you can send or receive a transaction and since our rural folks are conservative and hard to change from what they are used to, they are often victimized by cryptocurrency scambags.

How come there will be no danger in using bitcoin when you yourself just stated some in your post . I believe that dangers are always there and risks are set to a default 50-50 so it just depends on the user if he will decrease or increase it . And requiring just the basic knowledge in computer is not enough, That is the main reason why people are getting scammed, transactions getting stucked etc.

[meliodas]

I would like to live in that world where we could pay with our crypto currency,
But it seems a long way to go before we could do that and also I think we could never get paper money out of this generation.

[pawanjain]

I would like to live in that world where we could pay with our crypto currency,
But it seems a long way to go before we could do that and also I think we could never get paper money out of this generation.

Yeah bro , it will take long time for us to reach at that peak where everyone understands well about the digital world and can fullfill Thier dreams in real ways .

[stergium]

Cashless world is our nearly future. But it will need many years to come true, because as we know the biggest part of people live in a countryside. And to that place bitcoin will come late.

Almost we are in the cashless world because today cryptocurrency is mainly based on cashless,but the fact is cryptos depend on the bitcoin. We need many coins like bitcoin but many projects are being scammed in their ICO stages only.

but i think in most of the area still people do not have any idea about bitcoin and to me i think it will take a lot of time when they will learn about bitcoin and will start using it, and specially in backward countries most of the people still do not know about bitcoin.

[Yanisumin]

I would like to live in that world where we could pay with our crypto currency,
But it seems a long way to go before we could do that and also I think we could never get paper money out of this generation.

On point, crypto currencies won't be able to fully recognize if we can't get out paper money.
For example paper money that came from central banks is what makes the government functioning and powerful people are behind them. That alone is an obstacle for Bitcoin to be a world currency. Like what you said it has a long way to go, maybe on 30,50,100 more years where technology is at the hands of everyone maybe Bitcoin is the currency that day. Gold, silver, bronze, goods have been the value of exchange ages ago. In the meantime paper money is our value of exchange and maybe in the future cryptocurrencies are the world's money. Who knows the future is still a mystery. And I hope that Us the new generation will make Bitcoin the world currency.

[betlord90]

I would like to live in that world where we could pay with our crypto currency,
But it seems a long way to go before we could do that and also I think we could never get paper money out of this generation.

Yeah bro , it will take long time for us to reach at that peak where everyone understands well about the digital world and can fullfill Thier dreams in real ways .

In the long run it might happen but still there are pros and cons that we cant neglect. You are right that it will really took a very long time to be able to fully use bitcoin in which it will be hindered by the culture of a certain community, but who knows what tomorrow brings.

[TastyChillySauce00]

I would like to live in that world where we could pay with our crypto currency,
But it seems a long way to go before we could do that and also I think we could never get paper money out of this generation.

Yeah bro , it will take long time for us to reach at that peak where everyone understands well about the digital world and can fullfill Thier dreams in real ways .

In the long run it might happen but still there are pros and cons that we cant neglect. You are right that it will really took a very long time to be able to fully use bitcoin in which it will be hindered by the culture of a certain community, but who knows what tomorrow brings.

You're actually too far overthinking about what might happen and expect something which needs really a long time to be reached. About half of population in this planet still not connected to the internet and at the same time it mean that half of population don't even know what's internet and how to operate technologies.

[SoulBargain]

Well, as of today, it is not possible and I think the countries are not that intelligible enough to embrace bitcoin fully and that they foresee the worst scenarios and also the currencies in each of the country establish a deep root in their culture and also an identity of their nation.

In conclusion, bitcoin may be apart of the economical state of a country but it can never be embraced fully nor be more dominant over their own currency.

[DoublerHunter]

Well, as of today, it is not possible and I think the countries are not that intelligible enough to embrace bitcoin fully and I'm that they foresee the worst scenaeios and also the currencies in each of the country establish a deep root in their culture and also an identity of their nation.

In conclusion, bitcoin may be apart of the economical state of a country but it can never be embraced fully nor be more dominant over their own currency.

I think it is early to say that kind of statement that bitcoin cannot be embraced or accepted fully by the different nations in the world because it is always depend on how they look at bitcoin and what are their perspective in bitcoin. If bitcoin will continue to be good in shape and continue improving then there is no doubt that other nations will accept bitcoin fully.

[Kabul]

Well, as of today, it is not possible and I think the countries are not that intelligible enough to embrace bitcoin fully and I'm that they foresee the worst scenaeios and also the currencies in each of the country establish a deep root in their culture and also an identity of their nation.

In conclusion, bitcoin may be apart of the economical state of a country but it can never be embraced fully nor be more dominant over their own currency.

Exactly.Therefore, Bitcoin will be used as a world currency, not a national currency and when it becomes the world currency, more people will satisfy about it and it will help to deliver a much large amount of money oversea within the second

[K128kevin2]

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.

In my opinion it doesn't matter where the code came from so long as it's safe to use. The Bitcoin core code is heavily scrutinised and reviews, so anything nasty left in it by Satoshi/the CIA/whoever can be swiftly cleaned up or removed.

[Harlot]

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.

In my opinion it doesn't matter where the code came from so long as it's safe to use. The Bitcoin core code is heavily scrutinised and reviews, so anything nasty left in it by Satoshi/the CIA/whoever can be swiftly cleaned up or removed.

I don't think that CIA is behind the creation of Bitcoin, why? Because if it is than Donald Trump would not allow it or most certainly Barrack Obama as the president back then does not have any purpose or a particular goal in creating Bitcoin. Another point it is being use in online transactions in Silk Road where you buy your illegal drugs. Why will the government create an untraceable currency if they want to chase the criminals? It is obvious there is no government behind the creation of Bitcoin.

[K128kevin2]

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.

In my opinion it doesn't matter where the code came from so long as it's safe to use. The Bitcoin core code is heavily scrutinised and reviews, so anything nasty left in it by Satoshi/the CIA/whoever can be swiftly cleaned up or removed.

I don't think that CIA is behind the creation of Bitcoin, why? Because if it is than Donald Trump would not allow it or most certainly Barrack Obama as the president back then does not have any purpose or a particular goal in creating Bitcoin. Another point it is being use in online transactions in Silk Road where you buy your illegal drugs. Why will the government create an untraceable currency if they want to chase the criminals? It is obvious there is no government behind the creation of Bitcoin.

Yeah I don't think there's a government behind it, I was just replying to the OP.
Anyway, shouldn't be too dismissive as I think that Tor was originally a government project.

[stergium]

Well, as of today, it is not possible and I think the countries are not that intelligible enough to embrace bitcoin fully and I'm that they foresee the worst scenaeios and also the currencies in each of the country establish a deep root in their culture and also an identity of their nation.

In conclusion, bitcoin may be apart of the economical state of a country but it can never be embraced fully nor be more dominant over their own currency.

Exactly.Therefore, Bitcoin will be used as a world currency, not a national currency and when it becomes the world currency, more people will satisfy about it and it will help to deliver a much large amount of money oversea within the second

to me i think bitcoin is already using as world currency, because the users of bitcoins are present in all over the world. and that is the reason that we can say that bitcoin is universal currency.

[bitbunnny]

Maybe I'm wrong but I think that some banks and governments stopped considering Bitcoin as a threath but more as an opportunity to take their piece of cake for themselves and make the profit. I think they have realised it's too late to stop Bitcoin so that is better for them to join that train before it's too late.

[tripplewarz]

Maybe I'm wrong but I think that some banks and governments stopped considering Bitcoin as a threath but more as an opportunity to take their piece of cake for themselves and make the profit. I think they have realised it's too late to stop Bitcoin so that is better for them to join that train before it's too late.

In my opinion, banks have nothing to fear, but the authorities have something to lose, in case of greater popularity of bitcoin. They already do not get most of the taxes that bitcoin could have from users. After all, now nobody knows the income of bitcoins of users.

[Jewell]

Well, as of today, it is not possible and I think the countries are not that intelligible enough to embrace bitcoin fully and I'm that they foresee the worst scenaeios and also the currencies in each of the country establish a deep root in their culture and also an identity of their nation.

In conclusion, bitcoin may be apart of the economical state of a country but it can never be embraced fully nor be more dominant over their own currency.

I think it is early to say that kind of statement that bitcoin cannot be embraced or accepted fully by the different nations in the world because it is always depend on how they look at bitcoin and what are their perspective in bitcoin. If bitcoin will continue to be good in shape and continue improving then there is no doubt that other nations will accept bitcoin fully.

yes currently so nations may not be interested in bitcoin, but i think wen all the other people will start using bitcoin then they will also start using bitcoin. so i think bitcoin is the need of every society and every country.

[deisik]

Maybe I'm wrong but I think that some banks and governments stopped considering Bitcoin as a threath but more as an opportunity to take their piece of cake for themselves and make the profit. I think they have realised it's too late to stop Bitcoin so that is better for them to join that train before it's too late.

In my opinion, banks have nothing to fear, but the authorities have something to lose, in case of greater popularity of bitcoin. They already do not get most of the taxes that bitcoin could have from users. After all, now nobody knows the income of bitcoins of users

But what difference does it make if any at all?

If you are just buying and selling bitcoins for fiat and keep accumulating profits, at most you will be reducing the amount of fiat in circulation (such an effect would be infinitesimal for obvious reasons but still). And in that case the government will just print more money as required by the real economy, and thereby your fiat profits will still get taxed by inflation in the end. So either way, you will have to pay some form of a tax. But if you try to inject your virtual profits into the real world, you will get taxed in full (and likely penalized as well). Someone will eventually come and knock at your door to ask you a few questions. For example, where all this money that you bought your new house with comes from

[Mr.grin]

Maybe I'm wrong but I think that some banks and governments stopped considering Bitcoin as a threath but more as an opportunity to take their piece of cake for themselves and make the profit. I think they have realised it's too late to stop Bitcoin so that is better for them to join that train before it's too late.

Well, today bitcoin have become huge, and even the government will not be able to make bitcoin disappear. Well, bitcoin is threatening the country because bitcoin has no taxes. because of this, the government may see bitcoin as a threat.

[equator]

Maybe I'm wrong but I think that some banks and governments stopped considering Bitcoin as a threath but more as an opportunity to take their piece of cake for themselves and make the profit. I think they have realised it's too late to stop Bitcoin so that is better for them to join that train before it's too late.

Well, today bitcoin have become huge, and even the government will not be able to make bitcoin disappear. Well, bitcoin is threatening the country because bitcoin has no taxes. because of this, the government may see bitcoin as a threat.

who told bitcoin dont have taxes, the country which is accepting bitcoin have imposed tax on its uses and you have to show all details about trading and uses of bitcoins. If you are now showing details then you are doing illegal activity. And showing bitcoin in tax is good for bitcoin users and for bitcoin itself like this more shop owners will use bitcoin as it is getting legal status