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Author Topic: Benefits of Bitcoin (Deregulated economy)  (Read 189 times)
rbys90
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October 30, 2017, 01:22:20 PM
 #1

Hello I would like to know the benefits of bitcoin by being deregulated.
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hase0278
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October 30, 2017, 02:14:17 PM
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Hello I would like to know the benefits of bitcoin by being deregulated.
The main benefit of bitcoin being decentralized is that there is no entity in the world that controls it, while banks and fiat are centralized where the ones who control it can chest the system.. No one can just make bitcoin out of nothing without mining it while fiat can be inflated by printing out more money that adds to supply. Somehow bitcoins value that it has now is it's real value and reflects the real demand for it because no one controls it. On the other hand fiat's value is just determined by higher ups.

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TheCoinGrabber
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October 30, 2017, 06:55:26 PM
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One thing... Tamper-proof. As of now, the fiat system we have now seem to be no longer rooted in reality. The value used to be based on gold but now it's all dollars.
Dmitry.Vastov
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October 30, 2017, 07:36:14 PM
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Hello I would like to know the benefits of bitcoin by being deregulated.
The biggest advantage Bitcoin has from being decentralized is that no central authority can monitor your funds and its transactions. You and only you can control and regulate the flow of your funds.
In a centralized system, the head authority decides the value but Bitcoin is decentralized so there is no central authority therfore the Bitcoin network decides the value of Bitcoin. The more popular the Bitcoin gets, the stronger the network will become, the higher the value of Bitcoin will become. Decentralization is one of the main reasons why Bitcoin has so much potential to grow.
fiulpro
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October 30, 2017, 07:40:18 PM
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When something is centralized it can be influenced both in a negative and in a positive way thus if it goes in the wrong hands it will cause the power and money to shift to that community that doesn't need it already! The Rich will get richer and the poor will get poorer... People having power will be the ones controlling the economy.
Since its not centralized its very transparent and democratic.
Centralization is analogous to dictatorship, where as decentralized attains a very Democratic and transparent status.

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bear100
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October 30, 2017, 07:40:26 PM
 #6

Did you know, that FED don't highlight reports about amount of printed dollars. While you can see specific amount of mined bitcoins and other cryptocurrencies. And one more reason why I like BTC is that you truly know when its will be mined completely. That makes BTC a deflationary currency, it means, the price for it will rise eventually.
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October 30, 2017, 07:52:39 PM
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I would say the main benefit of being decentralised is that no government or other entity can explicitly control the supply of money, with most currencies the governments can do this, although it has benefits in terms of economic control it can also be a disadvantage for persons holding that currency because it is outside of your control.

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October 30, 2017, 08:11:28 PM
 #8

there are many benefits , if you are living in the middle east for example you would know that for sure
here we have a terrible banking system , and most countries have bad economics and facing hyperinflation so bitcoin can surely help with that
it also made transferring money worldwide easier , IDK if you know how US rules are strict when it comes to dealing with specific countries so bitcoin made that easier too

Diced90
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October 30, 2017, 08:20:32 PM
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One of the reasons bitcoin is growing popular is because we are able to spend our money anonymously without anyone having a trace on our transactions despite this information being publicly being available on the blockchain probably one of the reasons some governments don't like bitcoin.
aso118
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October 30, 2017, 09:20:26 PM
 #10

Hello I would like to know the benefits of bitcoin by being deregulated.

It is not deregulated. It is decentralized. Bitcoin could still be subject to various regulations (and it is) in different countries.
What decentralization affords us is that there is no centralized point of failure. So governments cannot inflate away your money; they cannot seize your money.

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October 30, 2017, 09:28:07 PM
 #11

The main benefit is that governments or banks can not manipulate its value like they do with the fiat money where they continuously print more and more and where you have a yearly inflation by default!

But I think you mix here deregulated bitcoin with deregulated economy.  Bitcoin can not deregulate the economy of a country and this is still regulated by the laws of a country, state budget and enforcement power of authorities.

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October 30, 2017, 11:10:16 PM
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To answer OP's question, we might first answer a question of how regulation is implemented. Is regulation a system which functions on equality and objectivity, or is it a system which exists to maintain a precedent of privilege and favortism to some groups while keeping others on a lower scale of value?

There is also a question of how efficiently regulation functions. Is regulation imposed on citizens in the form of taxes, tariffs, fees and regulation in the form of regulatory bodies which oversee environmental protection, welfare, space exploration, certification of drivers license, mail delivery and so on function in a way that is cost effective? Efficient regulation might be described as a system which produces manageable levels of deficit and debt, while inefficient regulation could describe a system of high deficit and debt. The implications and consequences of either polar opposite can be extreme. An example of this is the USSR post economic collapse where every russian lost their state pension and death tolls climbed spectacularly as a result.

Suffice it to say there are many who claim the system (regulation) is broken. That it only exists to make the rich richer while ensuring the poor get poorer under a system of wealth redistribution. Bitcoin being unregulated may not be prone to these faults. A person could make a case for crypto being more fair and unbiased towards the poor than other financial platforms. Such might represent its main benefit.

krauzzer02
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October 31, 2017, 05:36:56 AM
 #13

It is not a benefit to a country if the bitcoin is deregulated like what happens to the past like the silk road where they can buy illegal things like guns and different variety of drugs, they use the bitcoin for their own illegal activities such as money laundering, scamming and stealing which is bad for the bitcoin community part, that's why it needs to be regulated in order for the government and authorities to eliminate such activities and make the bitcoin transactions safe.

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aoihs00
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October 31, 2017, 05:38:02 AM
 #14


Hello I would like to know the benefits of bitcoin by being deregulated.



It is already deregulated and you can see what are the benefits it is having at the movement. Its growing faster than any regulated currency or asset in the world and that after coming in the era of expensive market. It is so true about the bitcoin than being decentralised suits it more and it can grow more only if it is kept free bird.


The benefit, no one can touch it really and try to cap the limits of its growth in terms of market, price and reach in the world. So if you ask me then its very much protective from the financial institutes which are trying to drop it form he market. But thats not gonna happen, well another benefit!


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October 31, 2017, 12:56:56 PM
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Hello I would like to know the benefits of bitcoin by being deregulated.
If we look at the positive features of bitcoin, then we’ll get to know that there are so many benefits of investing in bitcoin and keeping them in your wallets. The best thing which I like about bitcoin is that it is independent in nature and there is no one who is controlling bitcoin either directly or indirectly. Other than this, it can help you earn as much amount of money as you want to earn.

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