Can i trust crypto / digital currencies?

[Mkpez]

Some Countries fighting digital currencies like Dutch Central Bank saying bitcoin not sufficiently efficient,
IMF report suggests bitcoin could lower demand for Bank Money,
Karma group filled legal action against crypto exchange HitBTC,
Enforcement directorate ED summons Raj Kundra for $300 millions scam in India.
Though they are a lot of important projects. Let me mention few.
IOTA LAB: an open community project by AKITA launched by IOTA.
Ripple announces University of Blockchain  Research initiative (UBRI)
Can we trust the crypto ecosystem?

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[bitcoinman93]

Some Countries fighting digital currencies like Dutch Central Bank saying bitcoin not sufficiently efficient,
IMF report suggests bitcoin could lower demand for Bank Money,
Karma group filled legal action against crypto exchange HitBTC,
Enforcement directorate ED summons Raj Kundra for $300 millions scam in India.
Though they are a lot of important projects. Let me mention few.
IOTA LAB: an open community project by AKITA launched by IOTA.
Ripple announces University of Blockchain  Research initiative (UBRI)
Can we trust the crypto ecosystem?

in terms of technology, I believe the blockchain is proving itself and we can see the proofs on every step. In terms of each projects management, that really depends on project to project basis.

[twobits]

Some Countries fighting digital currencies like Dutch Central Bank saying bitcoin not sufficiently efficient,
IMF report suggests bitcoin could lower demand for Bank Money,
Karma group filled legal action against crypto exchange HitBTC,
Enforcement directorate ED summons Raj Kundra for $300 millions scam in India.
Though they are a lot of important projects. Let me mention few.
IOTA LAB: an open community project by AKITA launched by IOTA.
Ripple announces University of Blockchain  Research initiative (UBRI)
Can we trust the crypto ecosystem?

The countries are not against the digital currency but its central bank it's against the digital currency. Remember this only contribute the effort that you afford to lose it. This must be apllied for anything. Because the possibility for yourself to get risk is always there. But we are talking about technology

[CryptoBry]

Blockchain and cryptocurrency could become one of the most important innovations of this generation but as to how they can be applied then that is a different story. Right now, the technology has not yet matured since it is still young and there will be 'blood' along the way as we are moving to make it more mature and more fit to what the marketplace has been demanding. Things will boil down to applications and this is where we have to be careful because this technology is open to anyone including those people who have bad intentions or the scammer, the hackers, the phishers. Can we trust the technology? Yes, definitely but I can not say that to the many players or participants using the same technology. We have to do our due diligence on this case.

[lutcor]

It is possible to trust crypto-currencies and it is now really a very important factor that is very important in real life, no matter how much they want to avoid it, people still have to be trusted, this factor can be replaced only by smart contracts.

[Mkpez]

Blockchain and cryptocurrency could become one of the most important innovations of this generation but as to how they can be applied then that is a different story. Right now, the technology has not yet matured since it is still young and there will be 'blood' along the way as we are moving to make it more mature and more fit to what the marketplace has been demanding. Things will boil down to applications and this is where we have to be careful because this technology is open to anyone including those people who have bad intentions or the scammer, the hackers, the phishers. Can we trust the technology? Yes, definitely but I can not say that to the many players or participants using the same technology. We have to do our due diligence on this case.

Nice learning from you all.

[sehoon]

Yes, there is a lot of reasons we can trust cryptocurrencies or digital currencies. Cryptocurrency will still improve in the next few years and the technology will continue to upgrade like the modern banks and currencies. There are a lot of news regarding scams or account breaching because the people don't know how to take care of their funds.

[bozo333]

Cryptocurrency and digital currency both are same the only difference is we should use to physical also but nowadays technology is more important and it will grow fastly so Crypto is current generation trend but some countries are not accepting this technology because of Economic status is not convenient to Crypto. So as soon as possible Crypto and fiat currency is mingle with each other automatically peoples are trusted this platform.

[khufuking]

Lets first agree that the action of one person using any tool do not define this same tool, and is only a definition of this person actions . For example if someone steal 1 dollar from you, you can not simply go blame the dollar itself, but you can for user blame yourself for not hide it well, keep it in save place, and ect... . Or you can even blame the person who stole from you because simply he is a thief. And therefor blame crypto currency or label it as untrusted is not fair . Every problem or flow crypto currency had, have or will have is simply a result of a bad decision, action, or simply a bad coding by  developers .

[hung690]

Dear friend,
I beleive it, he beleive it, she beleive it, but you don't beleive it. So it's up to you. The crypto market have trust level that we can't define it exactly.

[seramania]

Some Countries fighting digital currencies like Dutch Central Bank saying bitcoin not sufficiently efficient,
IMF report suggests bitcoin could lower demand for Bank Money,
Karma group filled legal action against crypto exchange HitBTC,
Enforcement directorate ED summons Raj Kundra for $300 millions scam in India.
Though they are a lot of important projects. Let me mention few.
IOTA LAB: an open community project by AKITA launched by IOTA.
Ripple announces University of Blockchain  Research initiative (UBRI)
Can we trust the crypto ecosystem?

that is just some of the issues that hit crypto, though I think now crypto can be used as one of the technologies that must be trusted because now crypto can grow and become a technology that has high value. so this is not a threat that doubts anyone to believe in crypto.

[skorupi17]

Some Countries fighting digital currencies like Dutch Central Bank saying bitcoin not sufficiently efficient,
IMF report suggests bitcoin could lower demand for Bank Money,
Karma group filled legal action against crypto exchange HitBTC,
Enforcement directorate ED summons Raj Kundra for $300 millions scam in India.
Though they are a lot of important projects. Let me mention few.
IOTA LAB: an open community project by AKITA launched by IOTA.
Ripple announces University of Blockchain  Research initiative (UBRI)
Can we trust the crypto ecosystem?

Bitcoin is not sufficiently efficient regarding?

If you could see, these entities are taking actions because they are affected. They strike because cryptocurrency is getting in their way such as the lowering of bank money.
Cryptocurrency is not at fault when it comes to these scam victims. They were just used as a medium. If cryptocurrency is at fault then fiat should be the mastermind

I trust cryptocurrency more than I could trust government when it comes to this type of issue.

[butka]

Can we trust the crypto ecosystem?

There are two ways to understand your question:

1. Can we trust the underlying technology?
2. Can we trust the people around it?

The answer to question 1 is yes. In fact, you don't have to trust it. It is made to be trustless by default, provided that the code is clean from bugs to a reasonable degree. Bitcoin has been demonstrating this trustless functionality almost 10 years now. That being said, there are a lot of shit coins out there, with questionable projects and questionable codes. This conclusion many not apply to them.

The answer to question 2 is probably not. Greed often drives people, even prominent individuals from the crypto community. We have seen this over the years, and we will see this in the future as well. But, as long as the majority people in the crypto community are willing to take care of the system, then yes, you can trust crypto. Or should I say,  you can trust Bitcoin.

[Lorence.xD]

Some Countries fighting digital currencies like Dutch Central Bank saying bitcoin not sufficiently efficient,
IMF report suggests bitcoin could lower demand for Bank Money,
Karma group filled legal action against crypto exchange HitBTC,
Enforcement directorate ED summons Raj Kundra for $300 millions scam in India.
Though they are a lot of important projects. Let me mention few.
IOTA LAB: an open community project by AKITA launched by IOTA.
Ripple announces University of Blockchain  Research initiative (UBRI)
Can we trust the crypto ecosystem?

that is just some of the issues that hit crypto, though I think now crypto can be used as one of the technologies that must be trusted because now crypto can grow and become a technology that has high value. so this is not a threat that doubts anyone to believe in crypto.

Everyone have some problem understanding the crypto currency digital transaction, we encounter issue that sometimes we can not understand, learn more, read more, know the in and out about the crypto currency trading market. maybe thru learning the system of digital transaction we can develop not only trust but the level of confidence about crytpo. The risk in investment is always come with the amount of investment we put in.

[aoihs00]

The first thing is, scam is everywhere, whether it is virtual currencies or whether it fiat or even gold. The fakness is created everywhere by the bad community in way such that they will lure the people out of their greed and will see their own benefits in it.

I think we can not stop such scams from happening. Now when it comes to the bitcoin then everyone thinks about it as major issue because bitcoin is something that’s easy to blame on due to its new advancement and ease of use. We can’t help it.

Whether we should trust it or not upto you.

[NotNotJosh]

I truly believe in crypto and as we see banks adopting the technology, it shows that they do too.

[Fog Fence]

Blockchain is developing by leaps and bounds. I liked the comparison of blockchain technology today with Internet technology in the early 90s. This is a truly revolutionary idea-both in fundamental and applied terms.

[jademaxsuy]

Yes of course digital currencies as of now are working best and you could take advantage on it. Just take your time to investigate on what opportunity you could get in cryptocurrency. As we all know that cryptocurrency is a trend nowadays and it involves people around the world means connecting people from different country through this forum also. BTT forum is one of the best forum that connects people around the world.

[waterproof]

I think that many countries are frightened of crypto-currencies, because they will lose control over their citizens. And as you know, every country strives to ensure that every person is under control. Therefore, many countries are pouring mud on crypto currency, but we know, then the future lies ahead.

[Cult]

Let's put this question the other way around? Can you trust governments and their fiat money? We currently live in reality when governments have a monopoly over money supply. If they boost inflation, they basically tax you for the future as the same amount of money you held would be worth less in a period of time because of that.