Is crypto politcs bad for the Blockchain industry?

[nutriagrigia]

Oath protocol is a very good project. The main problem is that Blockchain community is new and there is no jury to trust on. Oath is doing a very good thing to revolutionize crypto.

I have already paid attention to this project several times. I think it's better to explore it in more detail. maybe he is trustworthy

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[Prompyboo]

Definitely not, crypto currencies are a big part of the whole blockchain technology and I think both of them will get mass adopted in a short period of time. We just need to wait for the market changes first.

in a short time it will not work. cryptocurrency to earn acceptance should take about 5 years or maybe more

[pedpedped101]

I gave always known that politics is everywhere, but I did not know how much it is in the crypto space, not until I started discovering some of the reasons for some hardforks.
Different people with their opinions and vision. Someone who was formerly supporting g the vision of another man and is part of the team, might suddenly decide to change his view.

[Abiky]

The problem I see here is not the forks themselves, everyone can propose his own ideas and projects and let people decide, the problem is the way they promote their projects. They don't talk about the good they can do but, instead of that, they attack other projects or even bitcoin. If you are not into crypto and you look at this from outside you don't see smart people proposing ideas but an egomaniacs war where everyone spreads dirt in every direction. If you see this from outside you will turn back and run away.

Exactly. Unfortunately, that's been the case with many Bitcoin forks after the inception of Bitcoin Cash. It's all about greed, instead of helping Blockchain technology mature for the real world. What we've seen is several splinter factions out of the original Bitcoin blockchain, aiming to take BTC's place as the first-largest cryptocurrency in market cap. There hasn't been true innovation, but rather disagreements between separate factions.

Because of this, politics in crypto land does more harm than any good. Different Bitcoin forks will seek to disrupt each other, until they become useless and worthless within the mainstream world. Of course, it's good to have a variety of cryptocurrencies with their unique approach to scalability. But too much politics is what harms their adoption over the long term.

Nonetheless, if different cryptocurrencies would've been working together instead of fighting each other, things would've been much better within the Blockchain industry. Just my opinion

[sempak]

Bad industry? in my opinion not but indeed the risk here is quite large. and still not so ready. for example now there are so many ico but there is no supervision whether ico is an indication of a scam or not

[juragane]

Basically politics is a different point of view. Dissent is a natural thing. But because of the ambitions of each party, crypto politics can have a negative impact on others.

crypto is a currency, whether it is possible for a currency to become a political tool it seems impossible. but if it is true that crypto is a political tool, the first time it will be affected is business people, they will experience an economic crisis, hopefully all of that is just a hoax. because a news can have a negative impact on crypto price movements.

[beami]

The problem I see here is not the forks themselves, everyone can propose his own ideas and projects and let people decide, the problem is the way they promote their projects. They don't talk about the good they can do but, instead of that, they attack other projects or even bitcoin. If you are not into crypto and you look at this from outside you don't see smart people proposing ideas but an egomaniacs war where everyone spreads dirt in every direction. If you see this from outside you will turn back and run away.

Exactly. Unfortunately, that's been the case with many Bitcoin forks after the inception of Bitcoin Cash. It's all about greed, instead of helping Blockchain technology mature for the real world. What we've seen is several splinter factions out of the original Bitcoin blockchain, aiming to take BTC's place as the first-largest cryptocurrency in market cap. There hasn't been true innovation, but rather disagreements between separate factions.

Because of this, politics in crypto land does more harm than any good. Different Bitcoin forks will seek to disrupt each other, until they become useless and worthless within the mainstream world. Of course, it's good to have a variety of cryptocurrencies with their unique approach to scalability. But too much politics is what harms their adoption over the long term.

Nonetheless, if different cryptocurrencies would've been working together instead of fighting each other, things would've been much better within the Blockchain industry. Just my opinion

Pros and cons always occur in crypto especially about forks, but for bitcoin cash and bsv this is very unfortunate, it is now a shitcoin which is a concern, there is no real thing they are aiming for, bitcoin still stands firm and slowly but surely bitcoin will have more value and continues to increase, we will see investors going back to bitcoin.  The politics of the crypto industry are of concern and bitcoin remains the strongest.

[crenfrosck]

Well, I do not consider it as a good or a bad thing. It is actually interesting- the only thing that matters is your vision and the power of your supporters. I am on the side of BTC, but everything what competition has to do is connected with their reach between millions of people- difficult, but not impossible. Crypto does not really allow usage of politics as any potential hater might just make his own blockchain if he wants to  . On the other hand, it must be ridiculous in the eyes of the people when two guys argue about "internet money" from their point of view and I do not think that they support these activities. For long term it is fine, but you do not want to scare too many potential customers right at the start. 

[Abiky]

Well, I do not consider it as a good or a bad thing. It is actually interesting- the only thing that matters is your vision and the power of your supporters. I am on the side of BTC, but everything what competition has to do is connected with their reach between millions of people- difficult, but not impossible. Crypto does not really allow usage of politics as any potential hater might just make his own blockchain if he wants to  . On the other hand, it must be ridiculous in the eyes of the people when two guys argue about "internet money" from their point of view and I do not think that they support these activities. For long term it is fine, but you do not want to scare too many potential customers right at the start. 

In some sort of way, it's good to have competition as it enables different crypto projects to innovate in many ways. However, when things become fierce with separatist factions by trying to destroy each other, that's when everything goes wrong. Both Bitcoin Cash and Bitcoin SV could've parted ways in a peaceful manner. Instead, they've decided to make a showdown trying to prove which is the original Bitcoin, and harming crypto's valuation across the market.

After all, Bitcoin was meant to be an apolitical cryptocurrency. Politics bring corruption, and fraud, which is something Blockchain technology was intended to overcome. Over time, bad figures within the crypto space will be taken out of the equation for good (like Roger Ver and Craig Wright) as people embrace decentralization at its fullest. Therefore, one way or the other, crypto politics will end, or it'll leave a negative impact within the Blockchain industry. Just my opinion

[marcbitcoins]

I think it will depend of the political issues if their subjects are in favor of the block chain or not but in general, bad or good will benefits the system as it will become more famous as it was become the talk of the town. The more the issues the more the popularity that the blockchain will gain.

[libert19]

Here is the thing, two polar opposites makes the existence possible, so without the negatives, positives can't exist, it's all good for Blockchain industry.

[ceetoo224]

Considering how several Bitcoin forks have turned to politics by defending their own visions about the future of Bitcoin as a cryptocurrency, several events have unfolded within crypto land. One of those events is BCH's Hash War back in Nov 2018, which has caused a disaster across the whole crypto market due to loss of investor confidence. Due to crypto politics, there has been a clash between several factions looking to guide Bitcoin in their own way.

The Bitcoin SV project believes to follow the original Bitcoin whitepaper, while Bitcoin Cash believes to be the original Bitcoin itself. Both sides have been defending their views, with their respective leaders (such as Roger on the BCH side and Craig on the SV side).

As such, it makes me wonder whenever crypto politics is bad for the growth or reputation of the Blockchain industry? What are your thoughts?

No I think not, block chain competition is what makes the cryptocurrency better and develop much better than before. If there is no politics here on crypto, the standards of the crypto will be forever be the same.

[juchin]

As I know, underground financial forces ( such as 5 most powerful forces in Wall street) can dominate politics and lead it in their direction, and crypto market is also no exception if they want.

[harrypotpot]

Basically politics is a different point of view. Dissent is a natural thing. But because of the ambitions of each party, crypto politics can have a negative impact on others.

What if blockchain will going to be utilized in politics? It would be a good decision. We just need to turn the tables. Use blockchain to election that is the best IDEA to use!

[Abiky]

Here is the thing, two polar opposites makes the existence possible, so without the negatives, positives can't exist, it's all good for Blockchain industry.

Good point. Sometimes, a little competition is needed to help the blockchain space mature. While I'm not a big fan of forks, the diversity of cryptocurrencies across the market will allow people to have a variety of options to choose from. However, when things become too fierce because of greed, then all could be put down to waste. That's what happened with both Bitcoin Cash and Bitcoin SV as crypto politics have had a negative impact across the whole market.

Nonetheless, the Blockchain industry could succeed if there weren't any infighting across factions without obtaining positive results. Just my thoughts

[terrific]

Here is the thing, two polar opposites makes the existence possible, so without the negatives, positives can't exist, it's all good for Blockchain industry.

But it divides the people, having politics creates bad impression by the new comers.
Well they really don't care about who are coming in.
As long as they can pass their agenda's that's all what matters to them.

[NaXxow]

crypto politics have a big impact in the market as people are doing psychological attack to those affected by it. Good and bad effects are creating the volatility, but in the end, only facts we should concern about.

[Abiky]

But it divides the people, having politics creates bad impression by the new comers.
Well they really don't care about who are coming in.
As long as they can pass their agenda's that's all what matters to them.

Yes. When there's too much crypto politics, you get a bad image of the whole ecosystem within the outside world. That's what happened with Bitcoin Cash and Bitcoin SV's drama within the Blockchain industry. It was all about greed, rather than making crypto land a better place. The Hash War back in November 2018, has caused many uncertainties for the future of BCH. While the waters are calmed now, most people have fled from BCH into Bitcoin or another cryptocurrency.

Of course, there's nothing bad with diversity and competition. However, separate factions fighting against each other instead of resolving things in a peaceful manner will bring the destruction of Blockchain's reputation as we know it. Hence, only time will tell us what lies ahead for the future of crypto as different ideals begin to emerge. Just my thoughts

[terrific]

But it divides the people, having politics creates bad impression by the new comers.
Well they really don't care about who are coming in.
As long as they can pass their agenda's that's all what matters to them.

Yes. When there's too much crypto politics, you get a bad image of the whole ecosystem within the outside world. That's what happened with Bitcoin Cash and Bitcoin SV's drama within the Blockchain industry. It was all about greed, rather than making crypto land a better place. The Hash War back in November 2018, has caused many uncertainties for the future of BCH. While the waters are calmed now, most people have fled from BCH into Bitcoin or another cryptocurrency.

Of course, there's nothing bad with diversity and competition. However, separate factions fighting against each other instead of resolving things in a peaceful manner will bring the destruction of Blockchain's reputation as we know it. Hence, only time will tell us what lies ahead for the future of crypto as different ideals begin to emerge. Just my thoughts

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.

[Huntler1993]

Been bad or good always depends on the the descendants of the information been carried out there. One way or the other been able to stand by your views and values will send some positive signal out there and bring a lot on board but trust me some news too will go a long run to scare others from the digital world.