governments vs altcoins

[Nhebu]

Oh! I think we should try to look first the basic. Let's try to be technical, government is for paper currency and people is to cryptocurrency. What possible instances can government affect the decentralized digital currency? I'm not pessimist for the legalising crypto to other countries. If we're just open, instead of thinking it as a threat to government why not use it as the help to their economy.

[wack slacker]

Blockchain is a product of the people.  It represents the will of freedom and equality.  Since bitcoin has been born so far, the number of Bitcoin users and values ​​has grown rapidly.  The state cannot resist the will of the people, they cannot resist the spreading of crypto and blockchain.  I see in countries that prohibit participation in IEO and ICO people still find ways to own crypto.  Curbing and removing crypto is impossible because it is a large network through the internet.

It seems that this is a successful revolution.  Assets dispersed and closely monitored.  Recently Deutsche Bank has just laid off 18,000 employees.  I think the dumping of banks is approaching.  Or a sign of a great recession.

[glendall]

the government, especially banks, will see cryptocurrency as a threat, and that should be the case, because a decentralized system is needed to defeat centralization.
it's just that the problem is the bank itself began to expand in crypto, and even the cryptocurrency itself began and wanted to cooperate with the bank.
but hopefully in the future government banks will remain but use a decentralized system and eliminate taxation on ownership of digital assets.

[nowlscor18]

Blockchain is a product of the people.  It represents the will of freedom and equality.  Since bitcoin has been born so far, the number of Bitcoin users and values ​​has grown rapidly.  The state cannot resist the will of the people, they cannot resist the spreading of crypto and blockchain.  I see in countries that prohibit participation in IEO and ICO people still find ways to own crypto.  Curbing and removing crypto is impossible because it is a large network through the internet.

It seems that this is a successful revolution.  Assets dispersed and closely monitored.  Recently Deutsche Bank has just laid off 18,000 employees.  I think the dumping of banks is approaching.  Or a sign of a great recession.

In that case of recession, the people is looking forward on that day to happen. Big opportunities awaited for those positive people behind cryptocurrency, so if that revolution dominates greater outcome will follow. Let's expect more progress to be heard all over our community of altcoins.

[samcrypto]

the government, especially banks, will see cryptocurrency as a threat, and that should be the case, because a decentralized system is needed to defeat centralization.
it's just that the problem is the bank itself began to expand in crypto, and even the cryptocurrency itself began and wanted to cooperate with the bank.
but hopefully in the future government banks will remain but use a decentralized system and eliminate taxation on ownership of digital assets.

For now they act like this, they still believe its a threat and yet they are secretly investing. My friend are working with the banks and they are not allowed to own cryptocurrency but since they believe on altcoins they secretly invest on that. I do hope for this, they should adopt cryptocurrency and embrace the big change on our financial system, i hope they’ll stop from scamming people thru their fees.

[TheClownSong]

the government, especially banks, will see cryptocurrency as a threat, and that should be the case, because a decentralized system is needed to defeat centralization.
it's just that the problem is the bank itself began to expand in crypto, and even the cryptocurrency itself began and wanted to cooperate with the bank.
but hopefully in the future government banks will remain but use a decentralized system and eliminate taxation on ownership of digital assets.

For now they act like this, they still believe its a threat and yet they are secretly investing. My friend are working with the banks and they are not allowed to own cryptocurrency but since they believe on altcoins they secretly invest on that. I do hope for this, they should adopt cryptocurrency and embrace the big change on our financial system, i hope they’ll stop from scamming people thru their fees.

Maybe because government regulations. Many governments still prohibit trade and use cryptocurrency in merchant and banks not allowed to invest in cryptocurrency because its not official investment instrument yet. The government should not need to fear on cryptocurrency because government can regulate it and government can collect taxes from every cryptocurrency transaction on the market.

[guoyu78]

Altcoins, even Bitcoin is not fully anonymous. It’s semi-anonymous. And this is why if you control the gates and control the amounts of fiat currency swapped for cryptocurrencies you can track, from that point forward, the route the flow of value takes.

Make no mistake. Governments see cryptocurrencies as a coup d’état against the international banking system. And if you own or trade cryptocurrencies, you are viewed from the establishment’s point of view as taking something that is not yours to take — autonomous control of your wealth.

In 2018 cryptocurrency demand was choked. As Bitcoin supply overwhelmed demand, the price of Bitcoin and other cryptos fell while the big players were quietly accumulating a position.

So what exactly is your point now, because I don’t fully understand what you are insinuating. Is it that satoshi lied to us and we should all be scared of government and dump our cryptocurrency usage and investment? Make it clear please. As far as I know, bitcoin is still the most decentralized cryptocurrency, and the fact you have control over your personal transactions within it does not mean it is not going to be fully anonymous to external body out there.

Bitcoin is fully anonymous, and that was the major idea behind its establishment by satoshi, one thing you need to know is that satoshi might have something against the government which I am sure of, and that is why he created such system, and would never make any mistake to leave a loop hold because he is too smart to do so.

[hongus]

Altcoins, even Bitcoin is not fully anonymous. It’s semi-anonymous. And this is why if you control the gates and control the amounts of fiat currency swapped for cryptocurrencies you can track, from that point forward, the route the flow of value takes.

Make no mistake. Governments see cryptocurrencies as a coup d’état against the international banking system. And if you own or trade cryptocurrencies, you are viewed from the establishment’s point of view as taking something that is not yours to take — autonomous control of your wealth.

In 2018 cryptocurrency demand was choked. As Bitcoin supply overwhelmed demand, the price of Bitcoin and other cryptos fell while the big players were quietly accumulating a position.

So what exactly is your point now, because I don’t fully understand what you are insinuating. Is it that satoshi lied to us and we should all be scared of government and dump our cryptocurrency usage and investment? Make it clear please. As far as I know, bitcoin is still the most decentralized cryptocurrency, and the fact you have control over your personal transactions within it does not mean it is not going to be fully anonymous to external body out there.

Bitcoin is fully anonymous, and that was the major idea behind its establishment by satoshi, one thing you need to know is that satoshi might have something against the government which I am sure of, and that is why he created such system, and would never make any mistake to leave a loop hold because he is too smart to do so.

And the state is vseravno your anonymity. Say, Russia is preparing a tough regulation bill. According to the latest news of the RBC tele-channel, this law was postponed to autumn. However, it is easy to make them give up cryptocurrency. The Russian law said about 15 years of the deprivation of freedom. And who needs such a cryptocurrency.

[K4C]

The funny thing is that some governments around the world are just a group of old men and women who still do not understand the influence that Cryptocurrencies would have on the tight grip they have on their citizens' purse strings and I eagerly await the day that they would wake up and realised that while they have been blissfully ignorant, the world has moved so fast and they cannot really do anything about it.

[Sihab76]

Governments vs altcoins, government in bitcoin friendly countries are fully bitcoin eco and always gives positive feedback but government in non supported countries are opposite.

[milewilda]

The funny thing is that some governments around the world are just a group of old men and women who still do not understand the influence that Cryptocurrencies would have on the tight grip they have on their citizens' purse strings and I eagerly await the day that they would wake up and realised that while they have been blissfully ignorant, the world has moved so fast and they cannot really do anything about it.

Not at all,some might just waiting up for bigger countries to adopt before others do follow the line.We do see that there are countries are positive,neutral and negative towards cryptocurrencies and no surprising that majority of them do really hate decentralization coz they know on what are the main things would be mainly affected.Sooner or later even they dont like this innovative tech will be integrated in future industries.

[upyem2k]

Altcoins were used as a means of duping and defrauding people in the name of ICO but thank God for another dimension of initiative in firm of IEO. I see the fraud aspect of some altcoin teams is the reason the government was somehow against it.

[BitcoinPanther]

I think it is much better if we replace "vs" into "and". The unity of both worlds will somehow solve our problem. Government together with Altcoins will be a very powerful tool in enhancing the financial system in every country. Instead of building a wall between the two, why not we build bridges between Government and Cryptocurrency. It is worth a try.

[dataispower]

It's true that the government is weary about crypto because they see it as a threat to FIAT and also a means for citizens to escape tax and have total control of their funds. The government also claim that crypto promotes crime, which is true to an extent, but that's not the primary reason why they are trying so hard to retard crypto from going mainstream.  At the end, I think they will give crypto a chance but with regulations, just my opinion.

[ishirut009]

Altcoins, even Bitcoin is not fully anonymous. It’s semi-anonymous. And this is why if you control the gates and control the amounts of fiat currency swapped for cryptocurrencies you can track, from that point forward, the route the flow of value takes.

Make no mistake. Governments see cryptocurrencies as a coup d’état against the international banking system. And if you own or trade cryptocurrencies, you are viewed from the establishment’s point of view as taking something that is not yours to take — autonomous control of your wealth.

In 2018 cryptocurrency demand was choked. As Bitcoin supply overwhelmed demand, the price of Bitcoin and other cryptos fell while the big players were quietly accumulating a position.

big players are accumulating positions just like what you've said. So in able to get fruits on their actions, we need to get in too and sell on the "unsustainable parabolic move" or what they call "UPM" where the price of alts and btc goes up too fast too soon without enough pullback.

[Vladok]

In fact, the government is very negative about cryptocurrencies, because they are afraid that if they approve of cryptocurrencies, then cybercrime will be more,but it seems to me that they will still approve,but will establish some control over the market and users.

[Firefoxx]

I know cryptocurrency is not totally anonymous. Your post about the government and cryptocurrency sounds like a fud to me. Although the government has started showing too much interest in cryptocurrency,  but don't think it will be stoped

[sodiik]

The government currently supports altcoins. They know that this industry can give you a huge advantage. So by getting support from the government will have a positive impact on Altcoin. We can take the example that it is now more free to do crypto promotion. So more and more people are attracted to crypto.

[Spaffin]

Something I have lately too, and I see quite the opposite.  Everywhere there are negative statements about cryptocurrency, both in the United States and in India, for example.  Do not sit in the government of educated people.

[jarhed]

The government currently supports altcoins. They know that this industry can give you a huge advantage. So by getting support from the government will have a positive impact on Altcoin. We can take the example that it is now more free to do crypto promotion. So more and more people are attracted to crypto.

So far, there is a speculative game that would underestimate the cost of the Altcoins. Then, when a large batch of coins is purchased, the Altcoin market will turn its course towards support from all sides.