bitcoin and XRP are big coins, bitcoin is older and longer, and XRP has large backups, banks behind XRP.
I thought that XRP had to beat ETH before it was competing with Bitcoin, when XRP was controlled by the USA, and bitcoin by China, the effect was very big on the world of economy.
Topic: Coin War: Can A Country Officially Back Bitcoin? (Read 790 times)
If Ripple is openly spoken about by the representative of one particular country (no matter the USA or not), it can cause damage to this coin.Saying such things, many investors are afraid to invest in this cryptocurrency because of its rigid centralization.Bitcoin, unlike Ripple, is decentralized and more scalable. Even not paying attention to the fact that about 70% of bitcoins are mined in China. I think this will not constitute a threat to the existence of this cryptocurrency.And China, respectively, will not get involved in the fight with the United States because of cryptocurrency.
This is really not good and these tactics should not be applied in order to gain the more popularity for the coins. Anyways Ripple is always been considered as a banking coin which banks are willing to use. Anyways in the long run only the decentralized coins with a good project will succeed.
Isn't bitcoin officially backed in Japan, as official secondary state currency? I mean, secondary, because next to their yen (JPY).
No country can officially return Bitcoin at this time. Many individuals do not even know what is called Bitcoin at present and there are many Bitcoin viewers like Ponzi scheme due to lack of proper understanding of Bitcoin because of this lack of direction no country can return bitcoin And last but not least, the United States will fight against any nation that claims it as an official currency unless the SEC and Masses are willing to accept it as a means of financial transactions.
I think that no government wants to pay back the bitcoin, they will surely make their e-money, not the money, but the good thing is that they can adjust their e-money just like what they do. The Japanese government has done right now, a very good move as e-money means self-management and Japan is the first to implement it.
If Ripple is openly spoken about by the representative of one particular country (no matter the USA or not), it can cause damage to this coin.Saying such things, many investors are afraid to invest in this cryptocurrency because of its rigid centralization.Bitcoin, unlike Ripple, is decentralized and more scalable. Even not paying attention to the fact that about 70% of bitcoins are mined in China. I think this will not constitute a threat to the existence of this cryptocurrency.And China, respectively, will not get involved in the fight with the United States because of cryptocurrency.
This is really not good and these tactics should not be applied in order to gain the more popularity for the coins. Anyways Ripple is always been considered as a banking coin which banks are willing to use. Anyways in the long run only the decentralized coins with a good project will succeed.
Ripple are having some wild pipe dreams with these statements. They will do anything to grab people's attention and as seen before, partner with anyone, just to survive.
So they are now bending over and asking for some attention from the US government.
Governments do not have to use Alt coins, to achieve their goals, they control fiat currencies and that gives them control over fiat conversion from Crypto.
So they are now bending over and asking for some attention from the US government.
Governments do not have to use Alt coins, to achieve their goals, they control fiat currencies and that gives them control over fiat conversion from Crypto.
Sure this is going to happen sooner or later but ex-socialist countries like China and Russia are having problems transitioning into new markets and new technologies and always look west with distrust. Although Estonia seems to be the exception since is the first country backing and accepting widely Bitcoins and the United States is the second and Denmark the third according to the top 10 of bitcoin.com. https://news.bitcoin.com/worlds-top-10-bitcoin-friendly-countries/
Let's clear things up: back in this context means support. I don't see any country backing Bitcoin because there's no way to control it anyway. Some people love throwing in China numbers, but a quick research would tell you that taking control is far more complicated than that.
Ripple could absolutely be backed though, considering they're a central entity. This article is a reach though lmfao. It just assumes that China is in control of Bitcoin and that the US can counteract that by supporting Ripple. Garbage lmao.
if the coins go under the control of any of the countries, it will not create military actions to promote the coins, but will lead to their rejection by the society using cryptocurrencies. any control kills the coin, decentralization is the way to success. Ripple could absolutely be backed though, considering they're a central entity. This article is a reach though lmfao. It just assumes that China is in control of Bitcoin and that the US can counteract that by supporting Ripple. Garbage lmao.
If Ripple is openly spoken about by the representative of one particular country (no matter the USA or not), it can cause damage to this coin.Saying such things, many investors are afraid to invest in this cryptocurrency because of its rigid centralization.Bitcoin, unlike Ripple, is decentralized and more scalable. Even not paying attention to the fact that about 70% of bitcoins are mined in China. I think this will not constitute a threat to the existence of this cryptocurrency.And China, respectively, will not get involved in the fight with the United States because of cryptocurrency.
Is it true, bitmain controls 70% of bitcoin mining? If it's true, I think it can be dangerous for the bitcoin ecosystem. Because, there is no meaning decentralizing bitcoin 
Bitcoin is decentralized which moves continuously and uncontrollably, even though the holders are from one country. Even though China has many holders but all of this will continue to advance according to its journey, no one will be able to control bitcoin globally.
I do not believe that now any country is ready to take control of the coin and officially declare it. it's too early to talk about it
It is funny to hear that the Government will back something decentralised that way. Even their backing system is centralised. Some may interpret it that the government may wish to centralise the Bitcoin. Apart from that there are no othere way to explain it.
I believe any country can do so as long as the governing body decides to. To back or support a currency is not so much of an issue for governments in a literal sense. Governments can do whatever they want since they hold authority on almost anything. Governments always find ways to get what they want. If they want to back Bitcoin, they can.
I think a country can not officially endorse it as an easy thing, but maybe in the future.
if they do, we all will be rich
This is a joke I think, why would US backed Ripple and what do China gained supporting or Backing Bitcoin, one thing Government don't like is losing control and with Bitcoin you can't have that and also the distribution of BTC and Ripple is in the hands of few people this would make them to people in control of the monetary system of the world just like the Rockefellers. Both countries would rather start their own chain than support Bitcoin and Ripple
when you cant beat them, join them. China learn this, Japan learn this. US still in progress. India haven't get a taste yet.
Now if the insinuations by the Ripple chief is correct, what would stop China from backing Bitcoin? We may have a situation in which the two coins become the main contending 'giant coins'. What will be the effect of an official support of Bitcoin by China in reaction to US XRP backing. Is it even possible that a country will take an official supportive role for a coin? https://cryptoinfowatch.com/us-government-may-be-taking-a-look-at-ripple-as-concern-mounts-over-chinas-bitcoin-dominance/
Oh how I am tired by such conspiracy theories. It is only wet dreams of the authors. And why XRP? When it became cryptocurrency?
Isn't china banning all cryptos other than their own one?
Well, they do ban it then they don't then they ban it again. It comes in waves. What stops them from stepping down again even if they say they back bitcoin ?
Why would anyone select xrp ? why not eth? why not ltc?
Not sure about that website either
For what it is today, Bitcoin can't be backed officially by any country because it does not have the infrastructure for regulations which is what most governments want to see. This is certainly, not the case for Ripple which has a higher chance at being backed than BTC.
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