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Author Topic: Cryptocurrency and Society  (Read 300 times)
KingScorpio
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January 20, 2020, 12:59:01 AM
 #21

My hope for cryptocurrency is that it takes away the state's power to print money and fund warfare. 

This is the only thing that matters in the crypto space:  Can we reduce the size and scope of the state's influence in the lives of everyday people?

If we can do that, we've won.  If we can't do that, then cryptocurrency probably doesn't matter.  Is this too strong of a point of view?

well the states are fighting for power/money against each other, with crypto you are only moving that conflict into the sphere of "who the hell runs the legitimate and truthful cryptoindex?

then many states will seperate themselves out of the global community and throw into trash everything crypto brings and then start running their own nazi states

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January 20, 2020, 07:15:09 AM
 #22

This point of view is strong enough. But the government is trying to restrict the power of cryptocurrency. Crypto regulation laws, KYC verification, anti-money-laundering laws are examples.
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January 21, 2020, 09:09:33 AM
 #23

This could possibly happen if US banks keeps inflating paper money to manipulate the value to exploit people, the debt accumulation would lead to a global market collapse. As we all know majority of fiat is backed with USD and a lot of them has loss it original value when was it created. So, if another great depression occurs people might seek safe haven assets like BTC.

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January 21, 2020, 03:44:44 PM
 #24

My hope for cryptocurrency is that it takes away the state's power to print money and fund warfare. 

In the past, with the gold standard, the ability of funding warfare was very limited, therefore the size of the forces (founded by state ruler) was limited.
This is why in feudalism monarchs had been summoning local feudal lords with their forces.

To be honest, this could happen even today - this time feudal lords could have been replaced with corporations - can you imagine a tank division funded by eg. McDonald's?

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January 22, 2020, 01:50:14 PM
 #25

This point of view is strong enough. But the government is trying to restrict the power of cryptocurrency. Crypto regulation laws, KYC verification, anti-money-laundering laws are examples.

How does the government connected by the KYC? Maybe by withdrawing crypto into fiat it will be included. But some ICO or bounty do have KYC just to know their customer specially their participants but it was okay if the project was trusted.

It will be strong if actually there are more ways to use bitcoin than dissolving it.



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January 23, 2020, 08:47:32 AM
 #26

If cryptocurrency is viewed by many powerful currencies and societies then if it is legalized and regulated by the use of crypto, then the price of the cryptocurrency will increase and every person in the society will have the same view and cryptocurrency will be considered as more powerful currency in the country. Effective to the public and easy to control.

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January 24, 2020, 11:23:24 AM
 #27

My hope for cryptocurrency is that it takes away the state's power to print money and fund warfare.  

This is the only thing that matters in the crypto space:  Can we reduce the size and scope of the state's influence in the lives of everyday people?

If we can do that, we've won.  If we can't do that, then cryptocurrency probably doesn't matter.  Is this too strong of a point of view?

 I'm not really sure If Bitcoin or cryptocurrency for that matter is capable of taking away any power, from any state, to print money, fund warefare, etc. I do think that cryptocurrency is a huge disruption that instead of causing a shift of power, (*be it financial, political, etc) creates an alternative route, or option instead. Looking at cryptocurrency today, it seem to better compliment the modern financial systems already in place, not displace it as many had hoped. Bitcoin has caused a shift in awareness, it has us looking at the way we actual perceive money, like how can a digital currency actually have value?

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