governments vs altcoins

[ashmodeus]

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.

well,i think u misunderstanding about what anonymous on cryptocurrencies mean.

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.

i guess this cases already explained on another topic,its not money fight or crypto fight or some like that.
its a normal , when goverment see crypto at the "Beginning" as a threat.
but now, its not like that.

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.

haha, its that u think ?
i thought its a correction.
also ETH the most total dump since a lot smart contract opened on 2018

[Sharon121212]

Let's not only see it from a cryptocurrency enthusiast point of reasoning. The government might frown at altcoin just to protect there citizen From vices that can be invited by partaking in altcoins. But not all government are waging war against cryptocurrency some has already embraced it and understand the advantages it would bring

[Pamadar]

Let's not only see it from a cryptocurrency enthusiast point of reasoning. The government might frown at altcoin just to protect there citizen From vices that can be invited by partaking in altcoins. But not all government are waging war against cryptocurrency some has already embraced it and understand the advantages it would bring

Right there's already countries who fully maximizing the use of crypto currency, if there's issues between Fiat system to this chain it will be resolved after those government bodies will open up their minds and also look at it's perspective as a useful mediums for faster and safer  transactions, there's a need much wider understanding regarding to whole functions of this system to work along with the current financial system.

[jvdp]

Altcoins are much needed to use in coming days, In future marketplace people are accept the crypto to utilize and blockchain system is the main source to use the data handling and etc.

There are plenty of altcoins available in the market so in future every country may accept as their national currency.

[GhostWithin]

Altcoins are much needed to use in coming days, In future marketplace people are accept the crypto to utilize and blockchain system is the main source to use the data handling and etc.

There are plenty of altcoins available in the market so in future every country may accept as their national currency.

The state will only use its blockchain. Otherwise it undermines its security.
And the national cryptocurrency has almost no advantages over traditional e-currency, except “transparency”

[dainoran]

in my opinion the government does not yet understand how to regulate crypto and it might threaten banks from money laundering done by irresponsible parties. but blockchain technology began to be implemented.

[OptimusPrime_3]

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.

you actually not making any point. We all know that nothing can be hidden and even some privacy coins like monero are not 100% anonymous. Cryptocurrency is a coup d'etat as you called it. Cryptocurrency is still in its infancy and still have a lot of development to encounter

[HK88]

to my knowledge or precisely in my country that the government prohibits the presence of cryptoqurrency but that is not entirely, I mean cryptoqurrency has a good side for government banking and on the one hand cryptoqurrency is only permitted as an investment tool and nothing more than that.

[seggardinggins]

to my knowledge or precisely in my country that the government prohibits the presence of cryptoqurrency but that is not entirely, I mean cryptoqurrency has a good side for government banking and on the one hand cryptoqurrency is only permitted as an investment tool and nothing more than that.

More precisely, I feel that way and Crypto itself plays a major role in technology development which is still a big thing that not everyone knows about digital currency trading, this can have a negative impact on one's rights. Actually, I don't really know, but if we are not greedy or violating the law, it's not a problem, it's just that we still need to consider the issue of Crypto growth in each country.

[4rzun4]

I think cryptocurrency is not a real threat to the existing banking system. Maybe someday can work together. Maybe it's just limiting the rules in each country, but to ban or stop the development of cryptocurrency, I think it's not easy. Bitcoin has proven to be an investment choice and has the potential for the future.

[cahbagus555]

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.

I think thats why many government still not allowing cryptocurrency use for payment in merchant. For some reason, government allowing bitcoin or cryptocurrency transaction because government could collect taxes from crypto market but i think in the future, government will allowing cryptocurrency use for payment in merchant

[EdenHazard]

There are plenty of altcoins available in the market so in future every country may accept as their national currency.

It won't never happened. A country will never use decentralized coin because they can't set the system. Most likely, if a country has an interest to change their currency in cryptocurrency they will create itself. Look at the Venezuela, they create their own cryptocurrency and never intend to use bitcoin as payment system and the other altcoin.

[Sacramentus]

Government is gradually shifting it's attention from banning cryptocurrency, although most countries are still in the process of allowing the use of cryptocurrency in its region. Apart from the Indian government who have just taking another step in banning cryptocurrency but apparently this can't entirely happened as written in an article, that the ban will only increase the demands of privacy coins like monero

[maldini]

I think the governments' concern about altcoins is regarding scams, frauds, and money laundering. These are the primary concerns. The point you had stated is only secondary to these. Banking systems and cryptocurrency systems may exist side by side with exlcusive functions and overlapping functions.

Yes it is true that the government prioritizes it, but in my opinion the government policy is wrong if you have to ban the existence of bitcoin, even though bitcoin is also one of the businesses. The government should not ban but make rules, with the government banning bitcoin means the government is unable to overcome this problem.

Many countries out there prefer to use bitcoin instead of having to forbid it, banning bitcoin does not actually reduce crime but increase the number of violations, like in China, many people prefer to leave their country and live with bitcoin where bitcoin is legalized.

[Pet240]

@OP, I guess it would have been good if you tag your topic as "governments vs cryptocurrency," because you are talking about not just altcoins, but also bitcoin,
 which connote cryptocurrency in general.
If government see crypto as a for, instead of a friend to the economy, it is just a pretence, because so many of those in this same government, utilize it for their own advantage. So we should be careful of being cajoled by them.

[redsun114]

The problem people see on bitcoin and altcoins that governments will not like is the fact that bankers are always on the politicans ear and the bankers will do whatever they can to make sure crypto currencies will not put them out of business. However what you are missing out is the fact that maybe crypto will get so big that politicians will not have to listen to bankers anymore and can profit from crypto more than they can profit from banks?

Maybe some big crypto business people will decide to pay millions of dollars to politicians to keep them in their pocket instead of bankers one day? Justin Sun just paid close to 5 million dollars to Warren Buffet for a lunch. Think of him spending that on 435 american congress person? Thats about 11 thousand dollars each on bribes, EACH. Thats why I think it is time to consider crypto having some influence on politics soon.

[livingfree]

In 2018 cryptocurrency demand was choked.

No it didn't really choked but it's a usual bear market that has to pass through.

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

That's how real investors that sees nice market for a new emerging industry. They were just getting their position properly and don't have to broadcast it to the public that they've been accumulating because it's the right time to do it. Until now, you can see on the news that many of them are doing it.

[dimonarka]

In many countries, the cryptocurrency is already accepted by the government and is normal. Unfortunately, this applies to a very small number of countries. Other countries and their government are not ready for such a step.

[Taufik blackspade team]

In many countries, the cryptocurrency is already accepted by the government and is normal. Unfortunately, this applies to a very small number of countries. Other countries and their government are not ready for such a step.

maybe now they are not ready, but I think they have now begun to prepare themselves. because of course those who have not managed blockchain and crypto technology already know the benefits of using this extraordinary technology. and I think all countries have now prepared it all.

[Broiler78]

more and more here the government in my country about altcoins and other crypto continues to support this kind of technology. so there is no problem comparing this and also in my opinion in 2019 there has been a significant development in the government for the altcoin itself.