governments vs altcoins

[memed97]

Between the government and altcoin it does not have a point of accuracy or mutual support from one another because in addition to different systems the flow is not the same, so not all countries have agreed to the existence of cryptocurrency or altcoin, so crypto players must be able to stand alone to certain governments.

[trade2winnn]

Well the government of course have its part in that stifle not only Altcoins and cryptocurrency in General the whole market,they have such a policy,to lead,and of course they want to regulate everything and just grebsti money,and more money,so they interfere with the projects normlano to develop their norms and law

[Slavyanskiy]

I think these are all games of rich people. After all, who owns the banks? Rich people! But rich people do not want to pay taxes. And bitcoin is one of the financial instruments to achieve this. So, anyway, some of the rich people will support bitcoin and alternative coins.

[Gabmot]

Painful our current struggles is actually the aftermath of the game played the big guns in the game. Reason been that, an average crypto enthusiast is just a pawn in the chess game of the big players.

[robaya]

I think these are all games of rich people. After all, who owns the banks? Rich people! But rich people do not want to pay taxes. And bitcoin is one of the financial instruments to achieve this. So, anyway, some of the rich people will support bitcoin and alternative coins.

it will only be their affection for the rich. for me the most important thing is to trade and that's what I will do without taking care of the problems of the rich who give the rules or whatever.

[BryanK]

The state is absolutely not profitable to legalize cryptocurrency. Since so many people will be very easy to launder dirty money.

[Ozero]

What are you trying to say? The government will be against cryptocurrency until it can control it. Or start a war against cryptocurrency at the legislative level.

In any case, governments will try, by introducing additional rules, to regulate the circulation of cryptocurrency on their territory more and more strictly. Even the government of cryptocurrency-friendly Japan now periodically does this and will continue to do so as certain difficulties arise during the practical use of cryptocurrency. This is inevitable and despite our protests, it will happen all the same.

[Daha19]

What are you trying to say? The government will be against cryptocurrency until it can control it. Or start a war against cryptocurrency at the legislative level.

They already control, do you really think that politicians are not involved in cryptocurrency? They have been there for a long time 

[forexandcryptoauditor]

This is never ending discussion when it comes to the point that how the government will be benefited out of cryptocurrencies. There are a few valid reasons why the government doesn't like cryptocurrencies.
Since there are no regulations set up and thus no governance on cryptocurrencies trading, it is very difficult for the government to keep track of investments from the country.
Every government wants some amount as per taxes applicable from the trading transactions which can increase overall revenue.
Due to not having regulations, the government can not set up the tax system on such transactions.
And the most important thing is due to not having any governance on the trading of cryptocurrencies, there are most chances of money laundering, which is not in favor of any of the governments.

[Dacosta Osei-Tutu]

Crypto left a lot of weak hands in 2018. Many people were deceived that crypto was going to die soon and so they all sold at a very cheap price and cashed out their monies. Today crypto is gradually reviving and those same people are now buying at higher prices. Never trust these governments

[Ayiranorea]

Whether it is bitcoin, altcoins or any other assets which isn't under the control of any government, then surely it is considered a threat and governments begin to react accordingly. To the same banks give support to the government in opposing the usage of bitcoin and altcoins as it takes the revenue of them.

[monalia]

Government knows the centralized altcoins and bitcoin as my knowledge.

First lets government of Russia implement the financial chain with the blockchain empowerment. First blockchain empowerment needs to launch in the countries then this question can be answerable due to lack of knowledge with local citizen and government officers side.

[martychubbs]

I always had troubles with understanding those relationships between government and cryptocurrencies.But i hope that privacy will be absolute, otherwise what's the use?

[Akoldi_ibk]

Yes government has the ultimate authority to control whatever it wants. But in democracy, the government is elected by the people, and what the majority of the people wants, the government does the same. So ultimately, it is the authority of the people to control everything they want. So cryptocurrency is the choice of the people, and ultimately, the government accepts it.

I get the logic you stated here, but I don't think the government really respect democracy when it is down to her country finance and tax. Especially in this part of the world, once the people are elected to their respective posts, they take the power from the people and often disregard democracy. I hope cryptocurrency can give back some power to the people.

[sixtyonefourfive]

The government has to allow altcoins to survive.

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You can be part of change too: https://horizonstate.com/hst/

[OZmaster]

Bitcoin could become anonymous one day if the dev team and the majority of miners decide to implement the technology.

[seleme]

Between the government and altcoin it does not have a point of accuracy or mutual support from one another because in addition to different systems the flow is not the same, so not all countries have agreed to the existence of cryptocurrency or altcoin, so crypto players must be able to stand alone to certain governments.

India has banned crypto and this news affected crypto market badly. The FUD and fight by banks also don't let the crypto ecosystem develop but the true value always shows itself no matter how strong resistance governments build.

[tenakha]

These are rumors we all know. And considering that BTC is the first crypto money created, some shortcomings may be possible.
Do not think that governments can make a quick decision. These are issues that will require years, and will not be readily accepted.

[InwardContour]

The government authorities are against crypto and thereby place restrictions because they are scared of the outcome when crypto is fully adopted. Another aspect is because they believe crypto increases crime rate and corruption, since some transactions will be done without anyone noticing them. Nevertheless, some of these government officials still take position in crypto, especially bitcoin when it dips. So let's not get it twisted, I'm not entirely against their views of crypto, they've been so many scams and insecurity in this space. We just hope for the best in future.

[fosco333]

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.

No. Bitcoin is not anonymous, it is true, but some other coins are anonymous.
In Monero, you cannot see where the coin goes. Even you cannot see a single address balance without keys.
For example, if you buy bitcoin and use it to buy Monero, then withdraw your Monero, then send again to other address, you will completely become untraceable.