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nrgmanuk
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September 19, 2020, 12:56:14 PM
 #41

so what is the future of btc ? 


likely goverment will shout down this like  e-gold and liberty resrve?  is btc end up like this? goverment cant shut down btc but they can ban exchangers.
and can ban all the exchangers as its not legit and still grey area.

I don't think it will come to the point of shutting it down, they can't really do it you know, maybe some government will try to make it illegal or some will create laws for their people.
Well in my country, I think it will stay the same, government is not really that interested so bitcoin doesn't exist for them. And if in the future btc will create a certain name or the price got a certain recognition once again, it will be haven for the government officials too, and if they create a law for it, it will benefit them as a btc owner as well. So I think it will not come to the point of shutting it down.
In my country it is not forbidden to have bitcoin, but bitcoin is banned as a payment method. Yes, in this regard, it is illegal, but other countries are already planning to switch to cryptocurrency, and in some countries you can pay for utilities with bitcoin. Many people predict a collapse in the price or an increase in the price of bitcoin, I do not know what will happen next with it, but I am sure that if bitcoin is alive, in the future it will be legalized in many other countries.
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zeingrind777
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September 19, 2020, 03:09:18 PM
 #42

No worries about btc future.

Governments won't forbid it and rather support.  Smiley
hey dude. The government in my country does not support the circulation of Bitcoin. They even made laws regulating the use of bitcoin to the public. So, in my country, I can only use Bitcoin as an investment tool that has a sale value. Meanwhile, to use it as a buying and selling transaction is against the law and must be sanctioned if proven.

I literally see that we are from the same country. You can inherit bitcoins, but you cannot buy and sell anything with bitcoins.. Even more ridiculous laws were recently announced in relation to miners. They should not, according to the government, receive a reward in bitcoins.

In my opinion, it will take time for banks to finally understand that investing in bitcoin can somehow save some countries from the crisis. But since the government cannot fully control bitcoin, it is constantly trying to create laws such that it becomes a centralized currency. And since this is difficult to do, in many countries it is simply prohibited.

But above all, bitcoin and its community continue to evolve. And we can only hope that soon there will be a consensus to accept Bitcoin everywhere.
I hope the same too. For now, I can only use bitcoin payments via overseas online shops. It is not possible to shop online in my country, except enter the dark web site

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September 19, 2020, 05:19:47 PM
 #43

Buying and selling are the basics and it makes the world go round.  Wink
The nature of stock market and cryptocurrencies are different. I think you're very much aware of the differences of the traditional stock market and with bitcoin.
They're not the same, volatility for bitcoin having a limited supply and for stocks, being backed up by companies and huge financial institutions.

hahahahah i understand, maybe like different world between stock market and cryptocurecy.
But i think leave it like this, let the government focus on the stock market only and not enter the realm of cryptocurrency.
We can't stop them to be easy on crypto and ignore it if they can see that it's growing and it's fruit are unseenable. There's more for the crypto market and that's when a government sees opportunity on it.
They'll seek, come and join once they've prepared themselves and already aware of the possibility of what they're entering. Making them come in is an indication that there's something on it and they just can't stop themselves look on it.
Yeah. And one of these opportunities they see with Bitcoin is the implementation of tax. Implementing the taxation for cryptocurrencies would generate them money of course. Although should they really implement such if it’s not their property and they do not regulate it in the first place? Although they could ban it and state that it is a threat.
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September 19, 2020, 11:21:29 PM
 #44

The government can ban cryptocurrency any time want!!  

Or place the high taxes over cryptocurrency users that they Don't want to use it.

They have not done this for one Reason coz the people who are involved in government have interests in cryptocurrency right now.


Government can do what Ever they want That's it!  
Government are connected with billionaires and richest people they all Go to same university yale harvard and others they are connected and work togehter you as a Common person have Nothing to Say When government want to just destroy Something.

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September 20, 2020, 01:21:18 AM
 #45

Is anyone else worried that the private keys will be crackable in the future and mess up the blockchain?  Overall I am feel like we need a completely revolutionary way of encrypting our keys.
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September 20, 2020, 06:48:57 AM
 #46

I think BTC has a difference from the e-gold and liberty reserve you have mentioned; the difference is that BTC is decentralized.
It’s not just built on one computer, rather the power is shared among computers around the world. If BTC was not decentralized, the government would just start looking for who Satoshi is, and once they get him, they will just take it and shut it down.

But, Satoshi created BTC in a way that even he himself wouldn’t be able to shut it down if he decides, not to talk of the government doing that. I think the best the government can do is just try to ban it in their country.

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September 20, 2020, 04:15:37 PM
 #47

The future of Bitcoin is very promising. Everyone is implicated with it today and if it does in the future, Bitcoin will go to the exterior of success. In addition, all countries need to legalize it and curtail the number of scams.

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September 20, 2020, 05:01:57 PM
 #48

Bitcoin is decentralized which is good for the safety of funds, but I just can't get my head around what would happen if a person lost their keys to their wallet. If you lost your credit card, you could regain access to your account by showing ID documents at the bank and have a new one made. Such isn't the case for a Bitcoin wallet.
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September 20, 2020, 05:09:51 PM
 #49

The government can ban cryptocurrency any time want!!  
Of courses they do.

Or place the high taxes over cryptocurrency users that they Don't want to use it.
But the question is how are they gonna implement this thing out? imposing tax on decentralized network is useless, what do they expect? people voluntarily give them the taxes coz they made a profit in crypto trading? this is absurd.

They have not done this for one Reason coz the people who are involved in government have interests in cryptocurrency right now.
Rather than concluding people in the government or the government itself is interested in acquiring cryptocurrencies, we can just assume that they are interested on the technology behind it which is blockchain. The death of corruption I guess.

Government can do what Ever they want That's it!  
They can but it should be constitutional  Grin

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September 20, 2020, 06:53:08 PM
 #50

I think in the coming years Bitcoin will act more as a profitable investment than a currency in the financial markets.
Bitcoin is too slow and expensive to be a currency, you won't pay a $ 3 cup of coffee with $ 2 transaction fees.

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September 20, 2020, 06:57:51 PM
 #51

goverment cant shut down btc but they can ban exchangers.


I think governments have no reason to ban people from owning bitcoins. Even the Chinese government does not prohibit their own people from owning bitcoins, the Chinese government prohibits the use of bitcoin as a currency in their finance.

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September 21, 2020, 02:32:01 AM
 #52

I highly doubt it. Ban exchanges sure, but people would, one way or another, find ways to actually trade using Bitcoin, not to mention that anyone can basically create their own site, and as long as enough trust was made, could potentially be an exchange that one would go to, but the government wouldn't be able to even do anything about it. Plus, with Bitcoin being decentralized, would the government really be able to even ban it? Very unlikely, unless they commit to terrorism and the like, threatening to kill anyone who engages in BTC, which is again unlikely, we aren't in the old age anymore where wars were adamant.

Government are connected with billionaires and richest people they all Go to same university yale harvard and others they are connected and work togehter you as a Common person have Nothing to Say When government want to just destroy Something.
That may be true, but let's be real here. They can't do anything stupid blatantly in public, otherwise, they would've never gotten their positions in the government. They would either work behind the scenes, or just accept it's existence, the former being unlikely mostly because they've tried, and they're reasons are pretty stupid, such as scams happening and money laundering, all of which are honestly their fault, not Bitcoin.

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September 21, 2020, 03:48:22 AM
 #53

Bitcoin are one of the oldest running cryptocurrency and I think there is no too much worrying about of getting lose on it.

Also it depends on your country if they will continuously supporting the use of the crypto because on mine they are now banned the use of the bitcoin instead they regulate and makes their wallet centralized by the government and this is the coins.ph but you cannot transfer a large amount like 2 BTC and up within a single month.

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September 21, 2020, 05:05:23 AM
 #54

Previously, bitcoin wanted to be banned by the government in several countries, but the issue is still circulating today but long before you ask about it, bitcoin has been rumored to be banned and until now the issue is not true.

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September 21, 2020, 06:44:56 AM
 #55

First of all, I want you to refrain yourself from predicting what the future will bring to Bitcoin. No one knows what will happen in the future but I'm sure Bitcoin will not be shut down or end just like that. The Government cannot stop the usage and adoption to it by people, no matter how hesitant and against they are with it. I strongly believe that Bitcoin will continue to grow and gives an easiest life to people who keeps on trusting in this Blockchain industry.

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Peanutswar
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September 21, 2020, 06:53:44 AM
 #56

The bitcoin has already in the market and it has a good and bright future there are a lot of people makes an investment on it even its a volatile market, also I read a lot of thread that their country are already banned the use of the bitcoin in some reason and I feel sad about that they cant see the potential of this coin to makes more faster and efficient transaction, well we cannot blame them because they have a strong reason too, we are looking forward to make more action and support on this coin but we need to make more convince that this is not only use for bad thing because in some reason there are some people give a bad image to the bitcoin and many of them are afraid to use this coin, just give them a time to see the importance of the bitcoin.

government cannot stop it. many people around the world has invested in yet and now government itself start taking tax from cryptocurrency.

The government cant stop the use of the bitcoin but they can regulate by making a lot of rules before using it.

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September 21, 2020, 04:25:07 PM
 #57

I think,  bitcoin has a good future, because the value of btc is good and will be better for upcoming future. Therefore, government will ban bitcoin but no possible for stopping. If few government stops bitcoin, it will not for all the time, it will for few times, because btc is good for economic and business.       

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September 21, 2020, 04:38:18 PM
 #58

Don't be panic about the future of bitcoin. A bright future is waiting for bitcoin. Some government are not accepting bitcoin but when they will realize the benefits of bitcoin, they will accept it. And what about if we think decentralized exchange also?

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hmm.


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September 22, 2020, 04:40:15 AM
 #59

so what is the future of btc ? 


likely goverment will shout down this like  e-gold and liberty resrve?  is btc end up like this? goverment cant shut down btc but they can ban exchangers.
and can ban all the exchangers as its not legit and still grey area.


Don't worry about the government they can't do anything with it.

We all are aware that government is against it and its been 10+ years bitcoins is still alive and still giving us profit.
The government makes policy every day against bitcoin. But never afraid from since they trying to mislead us so we don't buy bitcoins

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September 22, 2020, 07:51:10 AM
 #60

so what is the future of btc ? 


likely goverment will shout down this like  e-gold and liberty resrve?  is btc end up like this? goverment cant shut down btc but they can ban exchangers.
and can ban all the exchangers as its not legit and still grey area.




Bitcoin is a decentralized crypto currency. For this reason no government can't trace its transaction. A government can ban it from their country but can't shut down it.

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