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Author Topic: War on cryptocurrency!  (Read 3863 times)
pragna
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September 11, 2018, 05:16:44 PM
 #581

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

Nothing happen, They just thinking it negatively. They thinking it just to see wrong news from negative mentality people. I think government are loosing money from this sector as people are using in secretly. So my saying is, if government make rules for people, they can trade it with government Tex pay. Government can gainer.

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AncientMystery
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September 11, 2018, 05:42:27 PM
 #582

This may be caused by numerous reasons, main reason is that it may really collapse economical systems of some countries and this is understandable that they are afraid.

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September 11, 2018, 06:53:05 PM
 #583

Because the people developing the products are incapable of producing mainstream products at the moment, by their standards. When the technology gets better, and it it worthy of showcasing for mass adoption, then they will have a listen. I don't want to promote this as the future right now. I mean, could you pull up 90 percent of coins without working products, and push this ON THE ENTIRE WORLD. Probably not. Even if you push what does work, whats left is noticeable in the industry.
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September 11, 2018, 07:18:14 PM
 #584

If by war you mean that they are opposing crypto, that is obvious. Crypto makes them and banks weaker and this is something they do not want to happen.



I think can not imagine that the government should submit income and virtual currency like bitcoin. in fact, there is no government have reason to let it happen. one concept called income seigniorage. meaning seigniorage is the difference between the cost of printing money and the value of the nominal. in the age of paper money costs prints money negligible, and the government has a monopoly on printing money, so it can get all seigniorage.
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September 11, 2018, 07:18:48 PM
 #585

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

It was normal for the government to have war on cryptocurrency since it as affects the economy of our country if there are people who prefer cryptocurrency rather than placing their money on banks.

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September 11, 2018, 07:33:56 PM
 #586

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
I wonder why the government will declare war on cryptocurrency. They should leave cryptocurrency alone and focus on governance.

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September 11, 2018, 08:10:33 PM
 #587

because they believe that this threatens their economy and their monetary system as a whole, because it is possible to bypass the taxes and much more with the help of the crypto currency.



I think this is really a matter of worry because crypto has a systematic and structural problem. So the government cannot accept this.
verbal and pay without permanent documents. That is why the government is tense about it because it can hamper the normal tendency to control a country from all sides.
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September 11, 2018, 10:22:46 PM
 #588

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

If we analyze correctly, actually bitcoin can provide additional income in the bank's cash book, especially banks managed by the government. Because, every nominal which's in the bank's cash book already will certainly also contribute to the state treasury finance. However, because there are other interests especially politicians who are carried by their Party of course bitcoin will be strongly rejected. The reason's they are worried that they cannot commit corruption anymore because they are afraid that the action can be known by the public.

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September 11, 2018, 11:27:41 PM
 #589

I think it's an exaggeration. the government just wants to protect its people. for example, the Chinese government bans cryptocurrency because they fear that bitcoin is a bubble that will erupt and can make the investor suffer losses. and most countries reject crypto for fear that crypto cannot be controlled and can defeat their banking system. so that because of these things some claim to reject cryptocurrency. not war with cryptocurrency.

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Cangkeman Wae
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September 11, 2018, 11:44:07 PM
 #590

It must be admitted that the number of coins currently makes competition very tight, this makes all the devs. do everything to make their coins improve and make competitors die.

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September 12, 2018, 12:04:31 AM
 #591

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
The governments will sooner or later, stay calm on their disapproval of cryptocurrency. It is just a matter of time.
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September 12, 2018, 02:54:34 AM
 #592

each country has a pattern of views about crypto, some oppose it, some use blockchain as banking data. Into all of these crypto wait for time to be received in all countries and the world community

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September 12, 2018, 02:56:51 AM
 #593

Cryptocurrency like bitcoin, which is decentralized and not supported by the government, is a very unstable asset.

Charles Hayter, chief executive of CryptoCompare, said investors are likely to flee to safer investments because protectionism concerns continue.
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September 12, 2018, 04:09:48 AM
 #594

I think that is the only problem and too different from what it says that there is a war with both parties. And there was no war between cryptocurrency and the government, I never heard of it. Although there are governments in some countries that do not approve of the idea of ​​cryptocurrency simply because the currency is decentralized and they can not control and are not taxed.
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September 12, 2018, 04:55:06 AM
 #595

The Governments do not understand what this technology is all about. That is the reason for this war. Bitcoin to me just facilitate transfers and nothing else. It is not a physical product so it baffles me why this war. Every holder of cryptocurrency will go to the market to buy and they wouldn't buy with bitcoin but with fiat. 
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September 12, 2018, 05:20:45 AM
 #596

We do not need a war on cryptos from outside to defeat us. We are doing it from inside. There are so many train wrecks right now and people are leaving crypto in droves because most of the day traders are shorting everything for profits and leaving all thew holders in a very bad state. We are destroying crypto ourselves, we do not need the help of outsiders. We have many bad and negative elements in crypto that are enough to destroy the majority in this niche market. It is a shame but true.

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Dofotonomo
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September 12, 2018, 10:02:29 AM
 #597

The U.S are not fully against Bitcoin, same with Russia. Russia government even talked about opening up a Bitcoin mining farm which I believe they might have done by now cause they are fully in support of Bitcoin. There are also lots of countries that supports the use of Bitcoin. As for those who are against it, that’s their business alone.
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September 12, 2018, 10:31:46 AM
 #598

Sometimes, I wonderful why some countries just disapprove of cryptocurrency without even setting up a team to study the merits and demerits of the new technology.
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September 12, 2018, 12:05:04 PM
 #599

Dont worry mate, if you are here, you are with the winners.
Most of gouberns of this fk world dont know very well whats Btc or Blockchain technology... Grin
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September 12, 2018, 12:12:38 PM
 #600

The acceptance rate of Bitcoin and some selected cryptocurrencies has increased. That means the war has reduced.
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