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Author Topic: Power to the people  (Read 506 times)
Webetcoins
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July 05, 2022, 04:59:23 PM
 #61

I believe that the control of your money with crypto in the future will not be entirely complete, because governments will impose a tax on the use of it in all countries, as is already happening in some countries like the United States. But it's still better than trusting the traditional financial system.
The point is not to make everyone rich. The point is to avoid making majority poor. That is the problem with our world, we have nearly 50% people living in unnecessary poverty, it is unnecessary because we do have enough funds to make sure they are not in poverty or at least not that many.

Instead of having 90% living in "poverty or barely living fine" levels combined, and only 1% super super wealthy and 0.01% living richer than 90% combined, we could literally have 10-20% living in poverty, 70% living decently and 10% living rich. Nobody and no company would be making hundreds of billions of dollars in profit, but nobody would die because they starved to death. I do not care if they do not work at all, NOBODY should starve to death.

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July 05, 2022, 08:19:17 PM
 #62

I believe that the control of your money with crypto in the future will not be entirely complete, because governments will impose a tax on the use of it in all countries, as is already happening in some countries like the United States. But it's still better than trusting the traditional financial system.

My opinion is that there will be full control, but only when interacting with centralized services (the same exchanges). If you look at the current practice of crypto exchanges, there is a new wave of regulation, which implies KYC even when sending transaction to external wallets, as it was recently implemented on Dutch exchanges. Of course, this process is not fast, but it will take years and such regulation can become widespread.

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wxa7115
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July 06, 2022, 04:32:47 PM
 #63

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen?
Are you sure that regulations or regulated crypto will be safer? is it really safe? Do they guarantee that the regulated crypto will be safer, not scams, or even will guarantee that the project will be rising p? In fact, no. The crypto market is not as easy as we think. It is about people around the world and about the trust in Bitcoin. Bitcoin is the first crypto, most people believe this because of this journey so far. This is different with the numerous altcoins that are created every day that will be probably heading to be shit coins.
Regulations have never been put in place to make this market safer, and what better example than what happened with icos back at 2017? Back then you could invest in icos without having to offer your personal information, however laws were passed against this and people were forced to give their personal information to those behind the icos.

What happened? Well not only people got scammed and lost their money now they lost their personal information as well and it was sold at the black markets, so regulation will not make this market safer and if anything it will make it more risky for the new investors.
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September 01, 2022, 11:48:26 PM
 #64

indeed your question can make sense too, but in my opinion as a beginner in bitcoin and crypto, I think investing in bitcoin is actually safer because no one will control us, because bitcoin is our common property, namely the person who holds the bitcoin. so it will definitely be safer if we invest in bitcoin.
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September 02, 2022, 02:25:03 AM
 #65

I will still choose Bitcoin for Investment, because of the freedom from Bitcoin that is not bound by government rules, because this was Satoshi's goal from the start
Decentralized Bitcoin keeps the system under control and everyone agrees with that,
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September 02, 2022, 02:55:24 AM
 #66

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.
The government has a purpose, they are tired of regulating Bitcoin, they must be aware, not everything can be regulated by the government, now we are thinking, who is more powerful, the government or satoshi.

What the government can do with Bitcoin, nothing, they can't do much about Bitcoin, don't they realize because Bitcoin everything else exists.

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wxa7115
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September 02, 2022, 06:27:19 AM
 #67

I will still choose Bitcoin for Investment, because of the freedom from Bitcoin that is not bound by government rules, because this was Satoshi's goal from the start
Decentralized Bitcoin keeps the system under control and everyone agrees with that,
Governments are not going to give up without a fight, they understand that attacking bitcoin directly will not bring them any kind of success, but it is precisely because of this that they are going against specific people and businesses instead.

Decentralization makes bitcoin strong but any point of centralization is a weak point which can be used by the governments to try to put pressure into this ecosystem, and we have several examples of this, centralized exchanges are incredibly powerful and they manage a lot of money each day, however since they are centralized governments can very easily regulate them and  they have also found a way to regulate most of the users of this market even if indirectly, because if you want to sell your coins most likely you're going to do it in a centralized exchange, and you will have to go through whatever policies governments have decided to implement.
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September 02, 2022, 09:23:14 AM
 #68

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.
If you assume that following government rules not to invest in unregulated projects like Bitcoin, I think that is wrong, Bitcoin cannot be regulated or controlled by anyone does not mean it should not be invested, the fact Bitcoin has many communities around the world that still hold Bitcoin Until now, Bitcoin seems to still exist and always provide benefits to all its communities from time to time.
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