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Author Topic: Need bitcoin control?  (Read 1370 times)
blocklancer8
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December 06, 2018, 07:23:54 AM
 #141

No need to worry about that, countries want to make or create their own coins this does not affect bitcoin. Independent Bitcoin and all will still depend on this bitcoin.

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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December 06, 2018, 12:28:56 PM
 #142

I think if the government has created a cryptocurrency that uses instead of traditional money, then control is necessary or it will be a mess in the economic processes.

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December 06, 2018, 03:07:44 PM
 #143

Cryptocurrencies are decentralized, and cannot be controlled, but regulations made by countries or the world can regulate the stability of crypto development.

yes, bitcoin and crypto need regulation to control security, transactions, and every crypto growth.
I do not agree with you. It is very contrary to the aim of bitcoin. We know bitcoin is decentralized. It is it's identity. I want anybody can not control bitcoin.

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December 06, 2018, 03:44:08 PM
 #144

I don't see any need to control Bitcoin but I really some need to control people who can be in BTC. Please don't take me as a control freak or any supporter of regulation, I am just tired of seeing stupid people jumping in to make some quick risk free cash and crying out loud blaming BTC instead of their stupidity.
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December 06, 2018, 03:54:14 PM
 #145

There is no need to control bitcoin. And anyway nobody can control Bitcoin. Because Bitcoin is crypto currency. And if anyone also takes control of Bitcoin. So bitcoin will not benefit from it.

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December 06, 2018, 05:25:37 PM
 #146

As a use for a national currency individually, i think no one countries will take such a huge risk. If it will make for using national currency, people suffering financial crisis because btc is volatile. Bitcoin used in the whole world as a digital currency not like a global currency you have to keep in mind. Who will control bitcoin or how? But its price up and down by people demand that's correct.     

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December 06, 2018, 06:09:26 PM
 #147

No need to worry about that, countries want to make or create their own coins this does not affect bitcoin. Independent Bitcoin and all will still depend on this bitcoin.

That's the saddest point of cryptocurrency as a lot of countries are against this, the entire market has been bombarded right now. Digital currency need to implement in every country for a good future.
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December 06, 2018, 06:35:15 PM
 #148

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?


How?
Who has a million computers to run this network? Are miners going to get the money, if not why would I run a mine?
Are governments and central banks going to give up control of supply, distribution, and valuation? If they are not going to then why would I use their money instead of bitcoin?
The best a nation could do is to make a bitcoin-like alt-coin that only works in one country.
Who want's that?

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December 07, 2018, 03:02:53 PM
 #149

It will never be of any use when all nations create their own cryprocurrency and I actually do not see such thing to come and as such if that be the case then things will fall apart as we see a lot of national currencies just at the mercy of the US dollar. And if it possible bitcoin will still be the control of all crypto market.
Of course anyone cannot control or control the price of bitcoin to become a reference for altcoins. All independent cryptocurrency, depending on the market, will move up or down. The government cannot intervene, but can make regulations that limit the area where bitcoin can be used, an explanation of the business fields that bitcoin can be used as payments, etc. The aim is that as a payment instrument, Bitcoin has legal certainty.

Interesting, what do people that say that Bitcoin can be controlled, know about the cryptocurrency. No control is possible as the crypto is decentralized. This is one of the BTC advantages.
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December 07, 2018, 03:16:29 PM
 #150

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?




Of course, I am sure that in developed countries they will definitely create their own cryptocurrency, because cryptocurrency has grown rapidly, so there is no harm if the cryptocurrency develops itself in developed countries.
Seeing the future of cryptocurrency, more and more people believe that cryptocurrency resembles real money, and cryptocurrency is a very attractive income for everyone who understands its use.
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December 09, 2018, 09:07:49 PM
 #151

I think the idea of creating a national cryptocurrency by each state is quite absurd, It does not make any sense, because we can use Bank cards, it is also a non-cash payment. But the digital bitcoin currency carries a completely different meaning - it is the unity of this decentralization.
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December 09, 2018, 09:14:45 PM
 #152

I do not understand why every state should create its own cryptocurrency. After all, then it will be controlled by this very state, and the essence of the crypto currency is completely different - it is full independence from the state system and control. That's why I'm in favor of bitcoin remaining an Autonomous technology.
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December 09, 2018, 09:30:27 PM
 #153

If bitcoin will be controlled by someone, it totally changes his sense of his purpose and lost all sense of its use. Therefore, this should not be allowed in any case.
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December 09, 2018, 09:36:18 PM
 #154

The creation of a national cryptocurrency makes no sense, because the essence of bitcoin is that it is a single global digital currency, decentralized and independent. For the whole world it is very convenient when it is all United by one currency, which is convenient to use anywhere in the world.

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December 09, 2018, 09:55:44 PM
 #155

I think that the control for bitcoins is very necessary because what is happening to him now is not normal

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December 15, 2018, 04:01:00 PM
 #156

If there are governments have created coins with their own currencies, I think those coins will still be decentralized and eventually they who created the coins won’t be able to control the coins like other altcoins because I'm sure the coins will move based on demands.
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December 15, 2018, 04:08:49 PM
 #157

If there are governments have created coins with their own currencies, I think those coins will still be decentralized and eventually they who created the coins won’t be able to control the coins like other altcoins because I'm sure the coins will move based on demands.

What are you saying? Every crypto currencies that is ever made is decentralized, the reason it is called a crypto currency. They will not be able to control it but they can do something to affect or influence it. The price moves on demand, yes but the reason it is a volatile crypto currency is because of its decentralization.

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December 15, 2018, 04:27:49 PM
 #158

Yeah, I think states definitely need to regulate the creation of federal-backed cryptos, so as to deter the creation of the "hyped" ones or those created only to scam, just like in ICOs. This is the one of the reasons for the devaluation of crypto prices and is also responsible as to why many people who have not enough knowledge about crypto refuse to adapt it. It creates FUD inside and outside the market. And this very same situation will also happen in different states once it is not regulated.
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December 15, 2018, 04:42:10 PM
 #159

If there are governments have created coins with their own currencies, I think those coins will still be decentralized and eventually they who created the coins won’t be able to control the coins like other altcoins because I'm sure the coins will move based on demands.

What are you saying? Every crypto currencies that is ever made is decentralized, the reason it is called a crypto currency. They will not be able to control it but they can do something to affect or influence it. The price moves on demand, yes but the reason it is a volatile crypto currency is because of its decentralization.
Well, it not every crypto currencies that are decentralized because the last time I checked XRP,NEO and EOS are both centralized coins and if it happen that the government of each developed countries create their own national crypto currency then they make it a centralized coin because we both knew the government like have power over things which is why they see bitcoin as threats.

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December 15, 2018, 05:26:50 PM
 #160

Every state must control means of payment. If it does not have any control then sooner or later there will be a mess.
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