Xampeuu
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Sugars.zone | DatingFi - Earn for Posting
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June 21, 2019, 04:06:04 AM |
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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. based on your description above, of course this becomes the government's consideration of money loundry. especially if this is done by officials, so the corruption rate will increase. hopefully the best policy will soon be available |
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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cahbagus555
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Activity: 756
Merit: 12
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June 21, 2019, 05:52:03 AM |
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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.
Many countries allow cryptocurrency trading and treat it as commodities. Even in some articles, it was mentioned that cryptocurrency is recognized as a digital asset and many online stores already accept cryptocurrency. The government cannot hinder the development of crypto because crypto is technology |
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trauchot
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Activity: 1764
Merit: 10
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June 22, 2019, 06:32:46 AM |
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Governments understand that they need to somehow deal with anonymity in the cryptocurrency sphere and they are constantly working on the latest technologies that can control cryptocurrency and fight with anonymity.
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waynechong1995
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Activity: 644
Merit: 117
swing!
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June 22, 2019, 07:03:52 AM |
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On the surface it seems to be that way, i wish there's isn't a day in which most of the good exchange would require all your information to trade alts. They could issue a massive ban on crypto, or being wrong for holding crypto. Its not secret that some institutional with big money are investing bitcoins already over traditional assets and bonds. I never see any direct benefit of governments vs alts, you might just need to buy those alts somewhere else
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Pelana vreo
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Syntrum.com
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June 22, 2019, 07:55:47 AM |
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Maybe the government will adopt Crypto by making stable coins in the future. That's what I'm thinking right now.
But for now, the government is still banning the use of crypto and secretly making a surprise by starting the adoption of blockchain technology in their administrative systems and always making updates every time.
I think the government always thinks about the price of crypto which changes every time because of that they still forbid it for transactions and do not prohibit its people from investing
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tabas
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June 22, 2019, 08:05:02 AM |
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Governments understand that they need to somehow deal with anonymity in the cryptocurrency sphere and they are constantly working on the latest technologies that can control cryptocurrency and fight with anonymity.
Right, they are studying and having case study on how they shall implement rules and regulations so that crypto transactions won't be stopped. It's very alarming for the gov't if most of the people are now into crypto but that won't happen because there's still a huge number of people that are not oriented with crypto and not open with the technology. |
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Rahman11
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June 22, 2019, 08:12:36 AM |
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Government always scared over cryptocurrencies because cryptocurrency controlling is too much tough for government authorities, it's decentralisations make difficult to ensure how it's running! government want to control cryptocurrency because they want taxes from economical activities, but cryptocurrency is decentralized and it's difficult to observation.
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z21770179
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June 22, 2019, 10:38:55 AM |
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Governments understand that they need to somehow deal with anonymity in the cryptocurrency sphere and they are constantly working on the latest technologies that can control cryptocurrency and fight with anonymity.
The government is still concerned that crypto currencies will affect the currencies of future governments. For example, Facebook launched its stable coin but was opposed by alliance countries as an example |
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JCviggen
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June 22, 2019, 10:55:42 AM |
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Governments understand that they need to somehow deal with anonymity in the cryptocurrency sphere and they are constantly working on the latest technologies that can control cryptocurrency and fight with anonymity.
The government is still concerned that crypto currencies will affect the currencies of future governments. For example, Facebook launched its stable coin but was opposed by alliance countries as an example I think that they are opposed because they also want to release some of their cryptocurrency assets, and since Facebook did it before them - they are not happy |
Age Of Mars | GameFI Virtual colonization of Mars
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farraddy
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Activity: 476
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June 22, 2019, 11:24:40 AM |
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Any government wants to have control over cash flows. There are even attempts to create national cryptocurrencies (altcoins). But altcoin should be popular and in demand, only then it will have a good price. They're unsatisfied because money passes them by.
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Ucy
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June 22, 2019, 09:31:41 PM |
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Things would be much harder for them to control if cryptocurrencies are traded peer-to-peer. The anonymity part wouldn't matter much if seizing or censorship of cryptocurrency remains difficult or impossible.
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Bonwin
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Merit: 38
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June 22, 2019, 09:56:42 PM |
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There are some countries that are already giving support to cryptocurrency. With time, some countries will start having their own currency in form of digital currency. The earlier they start, the better for them
Although, some of them are waiting first for more adoption before lunching in.
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davinchi
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Activity: 2100
Merit: 1058
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June 24, 2019, 07:13:02 AM |
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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.
Many countries allow cryptocurrency trading and treat it as commodities. Even in some articles, it was mentioned that cryptocurrency is recognized as a digital asset and many online stores already accept cryptocurrency. The government cannot hinder the development of crypto because crypto is technology It is too late for government to hinder the development of cryptocurrency, now that we even have very big players that are beginning to come into the industry too to create more awareness through there won personal adoption of It. The one that will make everything gets out of out of hand for government is this new ones that is about to be unveil, which I think will be the coin to create the biggest and fastest awareness for users of cryptocurrency would be that of Libra coin. Facebook Libra coin will be the major threat to government as many people will get to know more of cryptocurrency as they adopt it too. |
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freedomgo
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Activity: 3080
Merit: 1144
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June 24, 2019, 08:05:20 AM |
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I think the government sees it as crypto market, not altcoins, they even give emphasis in bitcoin rather than altcoins since it's owning more than 50% of the money circulated in the space.
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Peanyut991
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Activity: 287
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June 24, 2019, 08:23:29 AM |
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I think the government must be open-minded about cryptocurrency, they should not miss innovation where the world has turned into a digital era. I think the government must be able to accept bitcoin as a digital currency in the future.
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sjbi
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www.thegeomadao.com
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June 24, 2019, 09:21:20 AM |
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I do not know why authorities or governments themselves are involving in cryptocurrency, and at the same time, they are ordering the general people to stay away from any activity of cryptocurrency. In a democratic world, the general people should have rights to freedom without hurting the entire society. I think, cryptocurrency is democratic, and it should be accessed by all.
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r_delossa
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Activity: 490
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June 24, 2019, 02:59:39 PM |
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I have strong doubts that current governments will ever accept crypto currencies, because even a LIBRA coin that is not a crypto currency has created a lot of mess in political sphere. So I can imagine what happens when Monero will get accepted for global payments.
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Bessta
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June 24, 2019, 03:03:17 PM |
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I don't see government agencies banning bitcoin but instead, I think they will look for an opportunity where they are going to benefit from it. And also, there are countries like Philippines who actually support cryptocurrencies which is a good thing.
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ufaiz50
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June 24, 2019, 03:20:13 PM |
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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.
Make no mistake, so far according to the government's announcement why bitcoin is banned because of abuse, fraudulent acts and protecting citizens from fraud, that's what the government said. In my opinion it is too much if you think that all government has always been an opponent of cryptocurrency, in my country the blockchain and cryptocurrency are growing well. |
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Baimovic
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June 24, 2019, 04:04:12 PM |
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I don't see government agencies banning bitcoin but instead, I think they will look for an opportunity where they are going to benefit from it. And also, there are countries like Philippines who actually support cryptocurrencies which is a good thing.
Everything depends on each government in that country because there are countries that really ban crypto. but even though like that not all altcoins depend on government decisions because not all projects are real. |
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