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jc01480 (OP)
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April 29, 2014, 05:03:50 AM |
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What country will start the first government operated exchange? Would you trust it? Can this kill crypto currencies?
I think it is a toss up between Germany and Japan. Most likely Japan due to the "exposure" of recent legal proceedings. Germany is most certainly more progressive or innovative in the European arena.
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Bit_Happy
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Activity: 2100
Merit: 1040
A Great Time to Start Something!
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April 29, 2014, 05:08:37 AM |
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Can this kill crypto currencies?
No.
Crypto currencies use peer to peer networks a "Government Operated Exchange" will not kill any coins.
They will probably do a lot less damage than MtGox.
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jc01480 (OP)
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April 29, 2014, 05:17:22 AM |
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Can this kill crypto currencies?
No.
Crypto currencies use peer to peer networks a "Government Operated Exchange" will not kill any coins.
They will probably do a lot less damage than MtGox.
Let me clarify. Can government involvement kill the spirit of decentralized control? In other words, crypto currencies have no government influence at present, one of the most attractive features. |
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durrrr
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April 29, 2014, 05:23:49 AM |
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i think that the government is going to need to open an exchange in order to start taxing on every trade. and to be honest idk if the government could afford to tax every trade and if they ddi i guess atleast it would open a lot of jobs for the us
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franky1
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Activity: 4214
Merit: 4475
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April 29, 2014, 05:52:51 AM |
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the government. meaning obama and his pals.. david cameron and his motley crew.. stephen harper and his minions do not OWN FIAT
its private companies like the Fed, royal mints that own the FIAT.
.. though government are definetly getting pay bonuses and board member benefits from those private companies
governments wont run an exchange, private financial companies will
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Bit_Happy
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A Great Time to Start Something!
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April 29, 2014, 06:00:06 AM |
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Let me clarify. Can government involvement kill the spirit of decentralized control?...
The government seems to be trying to as BTC moves closer to being mainstream. Right now there is a large divide in the community between people who reject Gov regulation and (partial) control of the BTC economy vs. those who are rushing to make it happen since it is "unavoidable". |
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franky1
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April 29, 2014, 06:04:34 AM |
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The government seems to be trying to as BTC moves closer to being mainstream.
Right now there is a large divide in the community between people who reject Gov regulation and (partial) control of the BTC economy vs. those who are rushing to make it happen since it is "unavoidable".
most dont want regulation that stifles innovation and costs people money for little personal benefit to those paying.. but what is noticeable is the scam / hack law enforcement is where people want to see growth. i think that making fincen and SEC more powerful wont help. but making law enforcement trained in bitcoin and brought upto the 21st centry to deal with paypal / bitcoin / other digital crimes will help. |
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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monsterbitty
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April 29, 2014, 07:04:13 AM |
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Can this kill crypto currencies?
No.
Crypto currencies use peer to peer networks a "Government Operated Exchange" will not kill any coins.
They will probably do a lot less damage than MtGox.
That's right. Peer to peer cryptocurrency payments, government never can able to do anything. |
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bryant.coleman
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Activity: 3654
Merit: 1217
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April 29, 2014, 07:40:37 AM |
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The first country might be among these ones:
1. Channel Isles
2. Cayman Islands
3. St Kitts
4. Bermuda
5. Nauru
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BitCoinDream
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Activity: 2324
Merit: 1204
The revolution will be digital
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April 29, 2014, 09:32:40 AM |
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What country will start the first government operated exchange? Would you trust it? Can this kill crypto currencies?
I think it is a toss up between Germany and Japan. Most likely Japan due to the "exposure" of recent legal proceedings. Germany is most certainly more progressive or innovative in the European arena.
Governments have their own currencies. That is their bread & butter. Why on earth they'll operate a crypto-exchange ? |
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kehtolo
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April 29, 2014, 11:49:39 AM |
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The first country might be among these ones:
1. Channel Isles
2. Cayman Islands
3. St Kitts
4. Bermuda
5. Nauru
CYPRUS!! Sorry for shouting, but they are setting themselves up as a bitcoin hub. If it happens anywhere (a government run exchange) then i would guess Cyprus would be among the first places it's likely to happen in. |
The next 24 hours are critical!
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BitCoinDream
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The revolution will be digital
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April 29, 2014, 12:50:51 PM |
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The first country might be among these ones:
1. Channel Isles
2. Cayman Islands
3. St Kitts
4. Bermuda
5. Nauru
CYPRUS!! Sorry for shouting, but they are setting themselves up as a bitcoin hub. If it happens anywhere (a government run exchange) then i would guess Cyprus would be among the first places it's likely to happen in. I guess Mauritius, Bangladesh, Nepal, Bhutan can be added for a safe heaven for Bitcoin companies. |
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C. Bergmann
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April 29, 2014, 12:57:31 PM |
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What country will start the first government operated exchange? I think it is a toss up between Germany and Japan.
Germany? Muahahahaha ... but it would be quiet funny if our government made this. I think we, the customers, would have to pull numbers and build a row till we are allowed to do a trade |
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cryptoanarchist
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Activity: 1120
Merit: 1003
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April 29, 2014, 01:21:26 PM |
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There already is a government operated exchange - its called 'Coinbase'.
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I'm grumpy!!
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Lauda
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Activity: 2674
Merit: 2965
Terminated.
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April 29, 2014, 01:37:23 PM |
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This will enable them to tax and track people who deal with bitcoins.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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durrrr
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April 29, 2014, 01:43:30 PM |
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This will enable them to tax and track people who deal with bitcoins.
this is what i was saying its the only real possible way for them to tax bitcoins and track every purchase or sale. but i mean even cash isnt completly traceable and the only real way irs is gonna knock on your door is if your buying 100k cars and dont have an income to show lol |
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bryant.coleman
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Merit: 1217
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April 29, 2014, 01:45:59 PM |
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I guess Mauritius, Bangladesh, Nepal, Bhutan can be added for a safe heaven for Bitcoin companies.
Mauritius? May be. A lot of tax refugees there (esp. from India). But Bangladesh? No way. Too much tax, and bad security situation. Nepal - same as the case with Bangladesh. Bhutan - they don't even permit foreign backpackers.... and you expect them to open a Bitcoin ATM? That country is trying to stay in the stone age. Let them stay there. |
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