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Author Topic: Governments manipulating Crypto Economies!?  (Read 333 times)
Coinlover9
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February 13, 2018, 05:15:16 PM
 #41

Yes because they have the resources and are using it to extract as much profit as they can from the people.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Stedsm (OP)
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February 14, 2018, 03:32:41 PM
 #42

You realize that this would mean going against the law.
Filing their pockets in this fashion leads to some nasty punishments.
From a few decades in prison to a bullet in the head on a stadium in China.

And don't get me started with politicians that get away, here we have thousands of them in prison for bribery.
It's far to risky than simply do a bit of lobby and speeches around the country

The problem with this model is that they take risks, enormous risks.
Let's say Germany starts the FUD. They fill their pockets but next day they wake up and see that half of Europe has done the same and cryptos are 1/10 of the value. Do you really think they would risk their own money is such a scheme?

I'm not talking about other countries but India, the country where I live in as well as familiar with the same. Here, I've not seen these guys doing anything but spreading a lot of FUD by not giving straight statements like Bitcoin is illegal, but they say that it is not legal. Now tell me, what are they exactly trying to convey? Still, an enormous amount of stupid fellas show up by trying to create panic in the markets by throwing air to those "literally spoken illiterate words" and fear spreads. Who wins? Those who are in the wait of gaining these coins for least values.

Coming to the bold part, why do you think that it's a scheme itself? This is what they're also saying about Bitcoins, that it's a ponzi.

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Now, if you say that they do this for personal gains, then there is no "government" in this equation.
You should have said politicians. Not the government body.
Some politicians do this to buy bitcoins, that would be far more appropriate to the scheme your presenting.

I believe you're correct in this sense, but in the end, they're the ones running the government, and as the saying goes - A single sheep infects the whole flock.

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I really want to hear your opinion on this, in terms of percentages, how many do you think are interested in the technology and how many on grabbing 1 cent coins worth a million in a month?

To me, this forum helps a lot of people understand Bitcoins better, or at least try to - if they are really willing to. But if we talk about %s, I believe that not more than 10% of the forum members are even completely clear to Lightning Network and many newer concepts which are very greatly explained over their website as well as online articles are also available on this. But, who cares?
As well, people who're here to make a buck in bitcoins and wait for some time to convert that buck x times are 90% IMHO.

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Whiteconjuror
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February 19, 2018, 09:36:05 AM
 #43

Governments control the Fiat currencies. They use central banks to manage money holdings, using so-called monetary policy. They also determine how remittances need to be implemented, which allows them to monitor the movement of the currency, and also dictate who benefits from this movement, collect taxes from it, and track criminal activities. But all this control is lost when non-governmental organizations devise their currency.

Control over the currency has many different hidden currents, especially in the framework of the fiscal policy of the country, the business environment, and, of course, crime control.
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February 19, 2018, 12:57:17 PM
 #44

Hi,

I both agree and disagree with you.

I agree with you when you say that it is the good time to buy. Indeed, with low prices, potential profits are higher. If you are able to wait long enough, you may be able to make sizeable profits.

But I strongly disagree when you talk about government manipulation. I don't say that it doesn't exist at all, but.. I think that most government members are old. They are not ready to bet on such technology. They may see it as a threat, but not as a source of profits.

I may be naive, though! Wink

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