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Author Topic: Politics behind Bitcoin development?  (Read 304 times)
bitfocus
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December 15, 2017, 06:41:48 AM
 #21

This simple, short and good read article from Bitcoin News can help you a lot with your questions about fork https://news.bitcoin.com/a-guide-to-what-a-bitcoin-fork-is-and-why-they-happen/
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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Tatalk
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December 15, 2017, 09:16:47 AM
 #22

There is no politics yet but as soon as BTC will become centralized and legalized by the government then there might be politics regarding BTC. As BTC is itself a asset for the planet which could be use as a resource for the budding generation. This asset has already attracted the attention of thousands of investors and even politicians are also showing their keen interests regarding BTC. As centralization of BTC could be very beneficial to their vote banks and even the centralization of bitcoin will help them making money by imposing tax on its transactions, So for now there is no politics and it has now started.

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April 06, 2018, 07:57:58 PM
 #23

According to my knowledge, everything in the world is influenced by politics. Bitcoin authorities are considered by the government and management for the development of Bitcoin. Almost all its projects that will benefit the public.
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April 23, 2018, 06:08:38 PM
 #24

Bitcoin is the best business which has a great potential growth. Through the excellence of the company. 
The government benefits from it because they can collet taxes from it is they imposed.  In this case all parts of the society are being benefited from this success wherein success of one is success of all.
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April 23, 2018, 07:06:42 PM
 #25

Politics prevails in all the activities of the world. Therefore political dissipation is necessary for the development of Bitcoin. But since Bitcoin is managed in its own process, political assistance can be accepted but it should not be managed under them.
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May 18, 2018, 09:21:07 PM
 #26

Many people think of bitcoin as the next revolutionary currency. Bitcoin creates a new system called a fork because to be integrated with every bitcoin block development and usually the selection is done by miners. Cool
Arlibtchunt2018
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May 18, 2018, 10:12:47 PM
 #27

I understand that a fork results when a minority group decides not to concur with the consensus changes (or lack thereof) in the underlying Bitcoin Protocol. 

Who are the people that participate in the "consensus"?  How are these votes cast?  What happens to dissenting voices that don't want a fork? 

Well, this is a very big issue which could be voted by bitcoin holders, developer and large group of politicians which came from different side of the country. We need to be able to participate on it inorder to avoid controversy.

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May 18, 2018, 11:20:26 PM
 #28

political is complicated. sometimes parties try to take advantage own. for example with issued regulation of cryptocurrency in their country.

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Febriana98
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May 18, 2018, 11:26:03 PM
 #29

No one knows the answer to this question?
lol, maybe a lot of confused with what to answer, because as far as I know and maybe some people who have been in Bitcoin, Bitcoin developed by people who do not like the politics and government  Cheesy
Dante4142539
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May 19, 2018, 01:59:21 PM
 #30

The reason why bitcoin made is to have own money for people. Because of the government and some republic banks are corrupt and I can say that they are not behind of this because of the reason why btc made is because of them.

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