salman21 (OP)
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April 08, 2018, 04:54:33 PM |
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Crypto Currency is like a Sun powering up the people all around the globe who wants to change the world who are passionate enough to bring changes.
“It’s the top notch opportunity for reaching to the financial freedom”
That’s the reason some governments don’t approve Bitcoin because they already know the Strength of new decentralised digital currency market,if it goes up then the government will have to come down.
It’s just my opinion about Bitcoin ban
What are your thoughts?
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Washball
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First crypto index traded as a token!
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April 08, 2018, 05:14:25 PM |
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Biycoin is developed for peer-to-peer transactions, to bypass the third party, which is mostly the banks. That's why bitcoin is a threat to state issued tender. As bitcoin is decentralized, authorities have no control and they are afraid it's used for criminal activities like money laundering (they say). Banks are afraid that bank accounts would run empty, that everyone would invest in Bitcoin. And in order to get rid of bitcoin, banks and authorities are collaborating to create their own centralized cryptocurrency, which is not what we're waiting for.
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pri3oner
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Bitgesell (BGL) Decentralized Cryptocurrency!
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April 08, 2018, 05:16:46 PM |
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Yes, of course, government does. At least until they arent able to control everything in crypto... It's a question of the time cos they have started to own it.
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bitbunnny
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WOLF.BET - Provably Fair Crypto Casino
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April 08, 2018, 05:20:47 PM |
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I wouldn't call that fear, they have nothing to feae about. But what all governments want is to have everything under control, especialy over something that can influence the economy. The problem with Bitcoin and other cryptocurrencies is lack of control mechanisms. With possibilities to control Bitcoin governments would also have the possibilities to use it for their own purposes.
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carter34
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April 08, 2018, 05:30:15 PM |
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Government is a monopoly and anything that will work to break the monopoly is seen to be an enemy even coup. And bitcoin is made to break the financial hold on the masses both in creating wealth and third party involvement in financial transaction.
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salman21 (OP)
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April 08, 2018, 05:39:56 PM |
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Biycoin is developed for peer-to-peer transactions, to bypass the third party, which is mostly the banks. That's why bitcoin is a threat to state issued tender. As bitcoin is decentralized, authorities have no control and they are afraid it's used for criminal activities like money laundering (they say). Banks are afraid that bank accounts would run empty, that everyone would invest in Bitcoin. And in order to get rid of bitcoin, banks and authorities are collaborating to create their own centralized cryptocurrency, which is not what we're waiting for.
what will happen to decentralised crypto currency if the banks finish creating their centralised crypto currency? |
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salman21 (OP)
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April 08, 2018, 05:46:23 PM |
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Government is a monopoly and anything that will work to break the monopoly is seen to be an enemy even coup. And bitcoin is made to break the financial hold on the masses both in creating wealth and third party involvement in financial transaction.
Exactly! You’re right it’s actually greater than banks and the financial services provided by the governments. They don’t want to lose. |
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Fazlurkhan.kz
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April 08, 2018, 06:36:06 PM |
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If bitcoin ever becomes the worldwide accepted cryptocurrency as a mode of payment, It will diminish the middleman system resulting in loss of many rich people who just get richer by stealing peoples money through banks and these are the same people who support the government, or more appropriately control it. So, there will always be fear, Fear of loss. It is human nature that he will do anything to prevent his loss and due to that cryptocurrencies have so many restrictions in most of the countries whereas the countries which actually do care on the betterment of peoples standard of living have accepted bitcoin! There are indeed a lot of disadvantages of decentralisation but the advantages weigh more!
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HanaTenun
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April 08, 2018, 06:42:00 PM |
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Crypto Currency is like a Sun powering up the people all around the globe who wants to change the world who are passionate enough to bring changes.
“It’s the top notch opportunity for reaching to the financial freedom”
That’s the reason some governments don’t approve Bitcoin because they already know the Strength of new decentralised digital currency market,if it goes up then the government will have to come down.
It’s just my opinion about Bitcoin ban
What are your thoughts?
bitcoin is prohibited not for access but as a means of transaction because in my country the government still forbids her because bitcoin has not become currency for that country |
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Mister1k
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April 08, 2018, 06:46:36 PM |
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Crypto Currency is like a Sun powering up the people all around the globe who wants to change the world who are passionate enough to bring changes.
“It’s the top notch opportunity for reaching to the financial freedom”
That’s the reason some governments don’t approve Bitcoin because they already know the Strength of new decentralised digital currency market,if it goes up then the government will have to come down.
It’s just my opinion about Bitcoin ban
What are your thoughts?
Perfectly said, none of the Government do not want the people to live independently that is what they are doing by the regulation. None of the people accepting the illuminati theory but as time goes with the big regulation and fake news spreading. I feel that they were existing and they do not want the money to be in the hand of all the people. If we fuck them and bitcoin as a legal money we all people from world will be happy. |
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tylerderden
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April 08, 2018, 06:49:03 PM
Last edit: April 09, 2018, 06:37:34 PM by tylerderden |
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Crypto Currency is like a Sun powering up the people all around the globe who wants to change the world who are passionate enough to bring changes.
“It’s the top notch opportunity for reaching to the financial freedom”
That’s the reason some governments don’t approve Bitcoin because they already know the Strength of new decentralised digital currency market,if it goes up then the government will have to come down.
It’s just my opinion about Bitcoin ban
What are your thoughts?
Yes exactly, government is acting like church, the things that they don't understand they try to destroy it or just ban it like happened recently in India. The Indian government is full of illiterate politicians and they do whatever profits them or work for someone who bribes them so the corruption rate is quiet high in India and now those politicians are afraid of open ledger and decentralized nature of crypto that they can't control so they have banned it to be on a safe side, while the rest of the world is accepting cryptocurrencies Indian government is walking away from them. |
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Kopceak_MD
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Investment
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April 08, 2018, 06:50:24 PM |
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I agree with the author, but I do not think that the government is afraid of crypto currency
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imteaz
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April 08, 2018, 06:51:35 PM |
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Govt fear bitcoin because it is decentralized digital currency, and no one can control it. That means govt will lose their control on people and money, and they do not want it. But its 21st century and people want control on their own currency without interfering any institutions or bank. We will see that day soon, hopefully.
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sammyp
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April 08, 2018, 06:52:05 PM |
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Governments do not fear bitcoin itself. They are perhaps afraid of bitcoins capabilities such as taking over the banking system. I think that is why they have started associating criminal activities to it so as to bring it down.
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cmaxwell
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April 08, 2018, 06:57:51 PM |
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yes its very true that some government fears bitcoin and even some countries rejected the digital currency from having head ways in their respective countries all because of the fear that bitcoin might cause damages to their country economy. and the truth is that bitcoin will always have its way.
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kodtycoon
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April 08, 2018, 07:38:50 PM |
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Crypto Currency is like a Sun powering up the people all around the globe who wants to change the world who are passionate enough to bring changes.
“It’s the top notch opportunity for reaching to the financial freedom”
That’s the reason some governments don’t approve Bitcoin because they already know the Strength of new decentralised digital currency market,if it goes up then the government will have to come down.
It’s just my opinion about Bitcoin ban
What are your thoughts?
Yes your opinion is quite reasonable, and I have my own opinion. The government forbids bitcoin because the government only knows if crypto can only be obtained by investing, and then many of its people use crypto, and then the government is worried if the investment is a scam, so the government bans crypto for use. If crypto persists, then one day I'm sure, the government will support cryptocurrency and blockchain slowly. |
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PauloLuks
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April 08, 2018, 07:41:45 PM |
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The fear of bitcoin can be summed up as this: Ignorance and fear-mongering.
One day, Bitcoin will be responsible for changing the way governments try to run an economy, and may even change the way our economies function by fundamentally changing the behavior of savings. Governments all over the world get scared whenever they are faced with a phenomenon that is beyond their control.
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WUUEX79
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Xch4nge.com
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April 08, 2018, 08:38:01 PM |
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My opinion may be very different from all of you, Bitcoin is hated or feared by the government because its value is easily controlled/manipulated by third parties like the Mafia, for example: "Businessmen, Politicians who have a lot of money, and Whales that have bitcoin more than 40% ", this is exactly what they are worried about because the crypto market does not move naturally.
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salman21 (OP)
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April 09, 2018, 10:13:05 AM |
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My opinion may be very different from all of you, Bitcoin is hated or feared by the government because its value is easily controlled/manipulated by third parties like the Mafia, for example: "Businessmen, Politicians who have a lot of money, and Whales that have bitcoin more than 40% ", this is exactly what they are worried about because the crypto market does not move naturally.
This is a good explanation. Thanks! |
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wndrbr3d
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April 09, 2018, 10:20:50 AM |
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My opinion may be very different from all of you, Bitcoin is hated or feared by the government because its value is easily controlled/manipulated by third parties like the Mafia, for example: "Businessmen, Politicians who have a lot of money, and Whales that have bitcoin more than 40% ", this is exactly what they are worried about because the crypto market does not move naturally.
We can also add here money laundering and tax evasion. These factors can not add to the love of the government to BTC. In addition - some countries are going to create their own crypto and they are not interested in any competitors. |
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