Is crypto politcs bad for the Blockchain industry?

[ramahero01]

in my opinion, with the political element coming into crypto, it will worsen the crypto condition because of the ambitions of each party, crypto politics can have a negative impact on others. and they will only divide people who have become solid crypto fans.

[Abiky]

If these two chains were never forked and stayed to bitcoin.
Imagine on how big the market is right now.
Adding all of those market caps that they have and people living without debates on what's better.

I feel you, mate. All the Bitcoin forks that have emerged since August 2017, have impacted Bitcoin's dominance across the market in a bad way. With many opposing factions trying to "fix" the Bitcoin blockchain, many people have lost credibility in cryptocurrencies. Every time there's a new fork of the original Bitcoin (BTC) blockchain, Bitcoin's share of the market decreases at a slow rate. I guess that if Bitcoin Cash and other Bitcoin forks wouldn't have emerged in the first place, the original Bitcoin would've been much more valuable by now.

But as with everything, there's always disagreements from opposing sides. What's important is to stay as unified as possible and deliver according to one's specific beliefs and vision. Despite the many Bitcoin forks we have today, Bitcoin continues to maintain its vision of being a secure, and resilient store of value for the world to use.

Nonetheless, crypto politics would allow Bitcoin to head separate ways from opposers. In some way, it's good as it will enable a competitive market. But it's bad when it becomes too oppressive with the intent to destroy crypto’s reputation/branding within the mainstream world. Just my opinion

[Jadesola]

I guess one of the things that is killing the industry is the politics because everyone is trying to prove a point just to justify themselves which will in turn lead to so many manipulation.

[Abiky]

I guess one of the things that is killing the industry is the politics because everyone is trying to prove a point just to justify themselves which will in turn lead to so many manipulation.

Exactly. Crypto politics are going to a point where they're destroying the Blockchain industry in its entirety. Take a look of what happened with Bitcoin Cash last year, and Craig's forked version of it called Bitcoin SV. It's been nothing but a mess, especially in the eyes of people within the mainstream world. This has cause large uncertainty among investors into Bitcoin Cash, making most of them flee back into the original Bitcoin (BTC) again. If things would've gone much smoother, then BCH and BSV could've parted separate ways in a peaceful manner.

However, that's not been the case, as crypto politics has negatively impacted BCH's price within the crypto market. Right now, Bitcoin Cash is the sixth largest cryptocurrency by market cap, when it used to be the fourth largest cryptocurrency across the market. The series of events happened back in November 2018 shows nothing but the desire of greed among both camps (both BCH and BSV).

Nonetheless, I'm afraid that crypto politics could negatively impact the Blockchain industry if they become too oppressive. It's good to have competition though, but when things become too fierce, that's when everything starts to fail. Just my opinion

[george_hured]

Strange what exactly do you think is here for a crypto policy? If you take into account the policies of different states, in general, they are all set up not very well for cryptocurrencies, but I think that all this is still temporary. Cryptocurrencies and blockchains are our future.

[zhekinsp]

in my opinion, with the political element coming into crypto, it will worsen the crypto condition because of the ambitions of each party, crypto politics can have a negative impact on others. and they will only divide people who have become solid crypto fans.

As long as people trusting others then they were not yet ready to use crypto currencies.

You should use cryptos for your own benefits if you are just influenced by others then benefit for you is nothing.

[ajdar.muxin.79]

It is not harmful for the industry, because there were and always will be different opinions. I believe that such things as by Bitcoincash could lead to the progress in our industry, because there would be more effective blockchains.

[Baimovic]

It is not harmful for the industry, because there were and always will be different opinions. I believe that such things as by Bitcoincash could lead to the progress in our industry, because there would be more effective blockchains.

maybe it would have a good impact on crypto because it might make crypto more attractive to many people.
and differences of opinion are indeed a natural thing because it is impossible for all to be in the same direction.

[Abiky]

maybe it would have a good impact on crypto because it might make crypto more attractive to many people.
and differences of opinion are indeed a natural thing because it is impossible for all to be in the same direction.

That's true. However, when things become too fierce among competing factions, that's when everything can go wrong (like what happened with BCH and BSV). Despite this, differing opinions can part their ways without harming each other in a peaceful manner. Which means that if different projects with different opinions and beliefs, part their separate ways peacefully, things will be much better for the Blockchain industry.

What's important is to give a good impression to people out there in the mainstream world who've never used crypto before. Because when there's an oppressive environment with the ambitions of greed, it will cause many newcomers to flee from cryptocurrencies at their entirety. Which is why, I believe that crypto will do better without politics at all. Just my thoughts

[kamBlanV]

Blockchain innovation never stops. crypto user needs are numerous and the public has great enthusiasm for crypto growth. I think crypto politics appears to create new markets that can satisfy the public. so. let crypto politics color every market activity. the point is the crypto world is never influenced by real politics or geopilitic politics.

[Abiky]

Blockchain innovation never stops. crypto user needs are numerous and the public has great enthusiasm for crypto growth. I think crypto politics appears to create new markets that can satisfy the public. so. let crypto politics color every market activity. the point is the crypto world is never influenced by real politics or geopilitic politics.

Exactly. Blockchain will never stop bringing innovation to the mainstream world. While it's true that crypto politics can sometimes create a diversion between different projects, it's somewhat positive as it promotes competition. The more Blockchain-based projects emerge in the mainstream world, the better as it will help the technology mature in many ways that were never thought possible. Because if only one coin would've been the dominant Blockchain project in the world (like Bitcoin), then it would be of no use as it stops innovation.

Which is why, I believe that diversity is key towards helping the Blockchain industry grow over time. However, when things become fierce as a result of greed, that's where everything will come down to an end. Hopefully, Bitcoin will live alongside many altcoins for many years to come. What's important is that crypto stays apart from a central leader, since after all it was designed to be free from middleman in the first place. Just my thoughts