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Author Topic: Cryptocurrencies and its political nature.  (Read 1466 times)
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November 16, 2017, 03:53:13 PM

The  nature of cryptocurrencies is very political because no single government that can control them.
That's the good nature why do I love bitcoin. But my perspective right now about this crypto, I think it would be best also that it has government intervention because if government support this one we can ensure that operations would still continuing and goes on. And if there is government that let us say regulates it and provide some laws regarding to it then it would be appropriate because if you just let it alone many would intervened and we do not know also if those who intervene are good for this crypto.

And as far as I can see many nations that bitcoin is highly legal have government intervention and we see that they have good things running out of this crypto and I think other nations would do the same way too.

Since bitcoin is made to at least be used as a currency or eventually replace the current fist system then it will have a political influence on every government. Government wants top at least regulate the use of the coin because they are seeing it's future potential.
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November 16, 2017, 04:01:02 PM

I don't think that Satoshi, when writing bitcoin code think that it will be very influential that even in the political arena, bitcoin is going to be involved. Right now the situation is still in the middle, some government like Japan support bitcoin all the way, while others like China want to banned it. And even in countries that has political and economic turmoil, like in Venezuela and Zimbabwe, bitcoin is also tag along. I guess bitcoin could be consider as tool to change how countries perception on money, specially their fiat. Look at China government, they felt that their Yuan is being threaten by bitcoin that's why they want to ban and put a stop on it. Bitcoin is not designed by Satoshi like that, but since it has evolved so much, for now its gonna be a battle for bitcoin to be accepted or rejected by a nation for a reasons.

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November 23, 2017, 04:18:45 AM

There is no way to ban a completely decentralized technology. Even if they oppose it, they have to accept it someday. It will destroy everything that goes against this technology like a big hurricane.
They will try to ban it and they may succeed in slowing adoption by imprison people they find dealing with bitcoin but at the end it is going to be similar to the war on drugs, it is not going to work as long as there is a reason for people to want to use it.
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