Topic: Coin War: Can A Country Officially Back Bitcoin? - page 2. (Read 790 times)
maybe as individuals like us bitcoin is something important even special but from the view of the state especially the big country, bitcoin is still considered something that has not held full control of the country's economy so it is not too prioritized, there are many things above bitcoin that they have to think about, there may be news in that direction, but in reality bitcoin is still an investment tool, and it hasn't affected much, but if someday bitcoin has played an important role in the economic chain, maybe the government will pay more attention, and the country will get involved there.
Seriously! Ripple is totally centralized, it means just using the present system in a crypto-form - no anonymity or privacy as BTC!
It is a form of US concern about Bitcoin which is dominated by China.
I don't think the US is concerned with this at all. This piece is just propaganda to make Bitcoin look like a villain and Ripple a hero. Anyone who knows how Bitcoin works know that majority being behind the great firewall doesn't mean that China controls it. It's a nuisance because China could cause miners a serious headache, but it's very fixable, and miners are making it even more fixable by distributing their farms elsewhere.
Overall, there is some cause of concern, but any problems that may arise from it are short-term and doesn't threaten Bitcoin's well-being at all.
What is officially backing the Bitcoin mate? I don't think that there is a such a thing as officially backing
Something like Bitcoin, what would it take to do that? what would China need to do in order to back Bitcoin.
It's not like they could ever control the supply of the coins and say that for every coin they have gold in
Store to back it up.
Dominating the whole system just because people are using the land and electricity of Chinese?
You can't even mine it, it's not a crypto at all mate.
Is being naive at best, do you really think they own Bitcoin?
Something like Bitcoin, what would it take to do that? what would China need to do in order to back Bitcoin.
It's not like they could ever control the supply of the coins and say that for every coin they have gold in
Store to back it up.
It would not have any impact other than both coins pumping hard while the others are left in the dark. It is a form of US concern about Bitcoin which is dominated by China. No matter how good XRP, of course we will consider Bitcoin to be the king of cryptocurrency.
Bitcoin is not dominated by China, you think if most of the miners are in China that would make themDominating the whole system just because people are using the land and electricity of Chinese?
XRP is centralized. It's true.
Xrp is not even a real coin, it's a system where a centralized company has control over the supply.You can't even mine it, it's not a crypto at all mate.
They can't control BTC like Rockefeller's.
Who told you that they are in control of Bitcoin? believing that a rich family has control over BitcoinIs being naive at best, do you really think they own Bitcoin?
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
XRP is centralized. It's true.
They can't control BTC like Rockefeller's.
If they created own chain, this will be not popular and "centralized"
Bitcoin have good future!
It would not have any impact other than both coins pumping hard while the others are left in the dark. It is a form of US concern about Bitcoin which is dominated by China. No matter how good XRP, of course we will consider Bitcoin to be the king of cryptocurrency.
Bitcoin is a tool that has a good and bad impact on the economy of a country, but not all countries have and accept bitcoin, seeing economic wars between the US and China become one thing that is difficult to unite, the competition that attacks each other and will have an influence on value digital.
https://www.ccn.com/chinas-merchants-are-legally-allowed-to-accept-bitcoin-and-crypto/
news on the link link above is the first step China receives bitcoin and crypto because China is a large crypto market and if the full legality of bitcoin in the country there will be a positive change for bitcoin and prices
news on the link link above is the first step China receives bitcoin and crypto because China is a large crypto market and if the full legality of bitcoin in the country there will be a positive change for bitcoin and prices
Anybody going to watch Matrix trilogy with idea that they are talking about banking/bitcoin?
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
this is not a joke this is an advertisement for their coin. most probably the site OP is quoting was paid to publish this. you can contact any news site and ask them to advertise your coin with a fake news article. and this whole method is the same. they usually say some bank is adopting XRP and backing it but now they have taken a bigger step and talked about a "country" baking XRP. it is all done for pump and dumping the coin and keeping it alive. otherwise everyone knows well enough that this coin is the most useless token of all times. and there is no future for it.
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.
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.
Yes...a particular or a single country can still it's feer and back bitcoin or crypto in general for the betterment of it's people. But such country should be expecting a great war from very countries that are really trying to see the downfall of bitcoin (cryptocurrency). If care is not taken carefully, trade war might started from such with the Giant's countries.
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/
the insinuation by ripple executives is unfounded. china has very little control over bitcoin. worst case scenario, if the chinese government tried to attack/control the network via bitmain's hardware (antbleed) and china-based mining pools, the network would fork to brick bitmain's ASICs and miners would leave chinese pools. and then the chinese government's "influence" over bitcoin would evaporate.
these ripple guys are just trying to create a false dichotomy: "there's chinacoin over there. since china is an enemy, the USA should back ripple!" it's total nonsense.
This would not lead to a "coin war" as bitcoin going up in value would mean that individuals in many countries get rich...
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/
i think no government are qilling to back bitcoin, they will for sure create their own cryptocurrency rathern backing someones currency, but the good thing is they can selfregulate cryptocurrencies just like what the japanesse givernment did right now, its a very good move as cryptocurrencies were meant to be self regulated and japan was the first to implement it
Yes, I agree with you, the government is not possible in a country to make bitcoin centralized, but the government might make their own cryptocurrency. So it's really what you say, that the Japanese government is not fully controlling bitcoin, but just making rules for bitcoin users, it needs to be sampled by other countries. 
i think no government are qilling to back bitcoin, they will for sure create their own cryptocurrency rathern backing someones currency, but the good thing is they can selfregulate cryptocurrencies just like what the japanesse givernment did right now, its a very good move as cryptocurrencies were meant to be self regulated and japan was the first to implement it
Isn't china banning all cryptos other than their own one?
Why would anyone select xrp ? why not eth? why not ltc?
Not sure about that website either
Why would anyone select xrp ? why not eth? why not ltc?
Not sure about that website either
No country can officially back Bitcoin at the moment. Many individual don't even know what is called Bitcoin currently and there lot of people too who see Bitcoin as Ponzi scheme because of lack of proper understanding of Bitcoin because of this misorientation no country can back bitcoin and last but not the list the US will fight against any country that endorsed it as an official currency unless the SEC and the Masses are ready to adopt it as a means of financial transaction.
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.
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