andi_wahid
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November 14, 2018, 07:05:12 AM |
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this is very funny, bitcoin was initiated with a free and decentralized system so that it is easy to develop and not hindered by stupid government regulations that only benefit them. if they try to control it will be bad news.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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ict
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November 14, 2018, 07:09:35 AM |
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something like that will happen. all countries will make or launch crypto currencies. so that each country will have digital currency products. this can happen because every country does not want to lose investors who have provided capital in that country. so that each country will facilitate and keep investors from switching to using crypto currency products from other countries. so that investor capital will remain in that country.
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doodle07
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November 14, 2018, 07:28:16 AM |
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No, its essence will be gone. Just let it flow and for some reasons it will run smoothly, we just getting started of being recognized so and later will be an adoption. Bitcoin itself will change the way we live now so be prepared.
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coinwizard_
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Most Advanced Crypto Exchange on the Blockchain
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November 14, 2018, 07:32:56 AM |
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Whatever crypto currency they decide to create be it the petro or digital USD it eill almost certainly be tradeable as a pair with bitcoin, so it doesn't really matter about national coins if btc exists
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jobukegoya
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November 14, 2018, 07:46:58 AM |
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I don't think it's necessary. If the state and the government fully control the cryptocurrency, then they will lose their basic character which is decentralized. Bitcoin should indeed be fully controlled by the holder, not the state and centralized government. If bitcoin is fully controlled by the central government, the holder will not be free to make transactions without a third party
There must be an agreement so that bitcoin can be used throughout the world, because currently many countries are not willing to accept bitcoin. The most reasonable agreement is to modify bitcoin from unmanageable to controllable, in the sense of narrowing the space for the criminals use bitcoin to carry out their actions. |
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DennyPen
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November 14, 2018, 07:49:21 AM |
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Whatever crypto currency they decide to create be it the petro or digital USD it eill almost certainly be tradeable as a pair with bitcoin, so it doesn't really matter about national coins if btc exists
Let's imagine USA or China come up with, let's say, digital dollar or yuan. Powered by big money, it can even outperform btc. So there's a chance btc will have to survive some attacks like the one that have taken place with BCH. |
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DennyPen
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November 14, 2018, 07:51:10 AM |
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I don't think it's necessary. If the state and the government fully control the cryptocurrency, then they will lose their basic character which is decentralized. Bitcoin should indeed be fully controlled by the holder, not the state and centralized government. If bitcoin is fully controlled by the central government, the holder will not be free to make transactions without a third party
There must be an agreement so that bitcoin can be used throughout the world, because currently many countries are not willing to accept bitcoin. The most reasonable agreement is to modify bitcoin from unmanageable to controllable, in the sense of narrowing the space for the criminals use bitcoin to carry out their actions. Any control measures or instruments will be applied to control people's money rather than illegal activities. So that might not be a good decision for the crypto community. |
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Golftech
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November 14, 2018, 07:54:50 AM |
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In the foreseeable future, each developed country will create its own crypto currency, provided by the national currency.
How much can this contradict the very idea of Bitcoin as a free, decentralized system?
Need cryptocurrency state control?
Not sure the government will control bitcoin, even though they plan to release their own crypton but I'm sure they will follow the workings of the crypto world that cannot be controlled and let it move according to demand. If they won't follow the sole purpose of bitcoin/crypto will be disregarded, they can create their own ruling inside their jurisdictions but not inside the entire market of crypto, adopting and creating their own coin can be helpful to their economy as an alternate currency where they can deal using the system to transact all over the world. |
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bitfocus
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November 14, 2018, 08:03:29 AM |
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if any government issue their state backed national crypto, that crypto will be heavily centralized, no doubt. so, those crypto will have Zero effect on Bitcoin.
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dvdrewritable
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November 14, 2018, 08:15:18 AM |
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It is quite tough to control bitcoin by Government because bitcoin is decentralized and its users are anonymous so it is not possible to control bitcoin literally. But it is needed to be controlled for better security and transaction. The government should take some reliable steps to regulate bitcoin and its transaction policy.
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xabre
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November 14, 2018, 08:24:46 AM |
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Bitcoin not needed everything control for government or other institution, many way we could help bitcoin become on the higher price by always give and support for bitcoin, we have advertise of bitcoin with good and positive news or information.
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piepie.asean
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November 14, 2018, 08:39:26 AM |
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The technology behind these types of electronic money is not a new concept. Long before, many companies were working on complete digital trading systems. However, not all systems are effective and cheap. That is why governments and banks have not been quick to adopt this technology.
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munareal
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November 14, 2018, 08:44:04 AM |
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National cryptocurrency is a welcome development in as much as it is not controlled by the government. This will create a massive exposure and adaptation of other cryptocurrencies by the mainstream society.
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Allura74
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November 14, 2018, 09:26:24 AM |
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National cryptocurrency is a welcome development in as much as it is not controlled by the government. This will create a massive exposure and adaptation of other cryptocurrencies by the mainstream society.
Bitcoin is design to be decentralized and I think the designer already anticipated that crypto currency have many threat at the future that most likely the government are the hesitant, so having no central control is advantage for bitcoin and it should have not to change the system. |
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beliomir
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November 14, 2018, 09:47:02 AM |
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These currencies will be contrary to the idea of creating Bitcoin. But I think they won't affect bitcoin itself.
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FallenBtcAngel
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November 14, 2018, 11:23:17 AM |
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In the foreseeable future, each developed country will create its own crypto currency, provided by the national currency.
How much can this contradict the very idea of Bitcoin as a free, decentralized system?
Need cryptocurrency state control?
A wise state control will bring some confidence, but that must be a really wise control. If governments will grab money through controlling, nothing good will come out of it. |
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passeroutpass
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November 14, 2018, 11:46:57 AM |
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These currencies will be contrary to the idea of creating Bitcoin. But I think they won't affect bitcoin itself.
They can affect! and I think they can greatly reduce the price of bitcoin. ordinary people who do not understand the basis of Bitcoin(decentralization), will invest in these currencies. And accordingly, new money will not come in bitcoin |
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fangbian
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November 14, 2018, 12:49:01 PM |
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It is quite difficult to control the bitcoin of the Government because bitcoin is decentralized and its users are anonymous so it can not control bitcoin literally.
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ICOTechSupport
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November 14, 2018, 01:19:01 PM |
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No I don't think it is necessary because even now we see many alternative cryptocurrencies in the world but none of them has the ability to make a considerable amount of effect on bitcoin and its success so how future cryptocurrencies that are made by governments can make an effect and that is why it is not necessary control bitcoin
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Dudeperfect
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November 14, 2018, 01:39:02 PM |
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In reality, it doesn't make any sense for any government to issue cryptocurrency unless they transfer the entire control to the users who are involved in transactions with that particular cryptocurrency. The basic characteristic of Bitcoin is decentralization and this is also applicable to altcoins out there and that's what makes it unique which will not be the case regarding cryptocurrencies launched by the government or any other central authorities.
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