Topic: Cryptocurrencies and its political nature. - page 2. (Read 1710 times)
The presence of bitcoin generates a lot of speculation, from economic to political issues, I'm sure many countries are studying bitcoin so if deemed necessary they immediately legalize bitcoin.
It depends.
I accept the argument that bitcoin can not be controlled by a government, but I do not agree that all the kind of cryptocurrencies will never be controlled by a government.
A government can decide to make it's own cryptocurrency , and they are going to be the only miners which makes them to have a control over the currency.
I accept the argument that bitcoin can not be controlled by a government, but I do not agree that all the kind of cryptocurrencies will never be controlled by a government.
A government can decide to make it's own cryptocurrency , and they are going to be the only miners which makes them to have a control over the currency.
Our country is also looking in this direction where they can create their own coin and which will be controlled and governed by them. So that they can easily keep a track of it and might ban all other cypto currencies. Thus through this they will can use the blockchain technology and also keep a tab on things.
At one side people will have banks that are centralized but have already good working and more reliable tools while on the other side you gona have unknown crypto thats also gona be centralized but 95% of people don't know how to use is and general mechanisms are not that good as they could be.
The nature of cryptocurrencies is very political because no single government that can control them. Unlike all other forms of wealth that can be expropriated from the individual. Also people are coming to understand that cryptocurrencies is a better form of money because they are governed by code alone, which makes the contract digital sacrosanct
I want to add one more thing to your reason that why bitcoin is political in nature, because it has volatile price which changes with time and the scenarios thats what make it a bit political.and because of volatility, bitcoin can be used as the future investment, i think people will trying to learn more about bitcoin. i think political people in the government will search any way to can control bitcoin but unfortunately they can not control bitcoin because bitcoin is freedom for every one. and when people use bitcoin, it means they can manage their wealth without anyone know and they can spend for everything they want and for many purpose including for political.
It depends.
I accept the argument that bitcoin can not be controlled by a government, but I do not agree that all the kind of cryptocurrencies will never be controlled by a government.
A government can decide to make it's own cryptocurrency , and they are going to be the only miners which makes them to have a control over the currency.
I accept the argument that bitcoin can not be controlled by a government, but I do not agree that all the kind of cryptocurrencies will never be controlled by a government.
A government can decide to make it's own cryptocurrency , and they are going to be the only miners which makes them to have a control over the currency.
Our country is also looking in this direction where they can create their own coin and which will be controlled and governed by them. So that they can easily keep a track of it and might ban all other cypto currencies. Thus through this they will can use the blockchain technology and also keep a tab on things.
The nature of cryptocurrencies is very political because no single government that can control them. Unlike all other forms of wealth that can be expropriated from the individual. Also people are coming to understand that cryptocurrencies is a better form of money because they are governed by code alone, which makes the contract digital sacrosanct
I want to add one more thing to your reason that why bitcoin is political in nature, because it has volatile price which changes with time and the scenarios thats what make it a bit political.This all true the idea of bitcoin is very independent there is no chance that government can establish control over it even the ownership of bitcoin cannot be learn by any sector of the government its very private which I think the reason why some countries does not like bitcoin they are afraid of its capabilities which they can never control.
The fact that bitcoin is way beyond government control is something that governments do not know how to deal with, they are used to beat centralized forces themselves but when they face a decentralized force they have shown to be very incompetent and that is good for us since that means they are never going to be able to block bitcoin.
The nature of bitcoin is not political this is the main reason why government does not want the full adaptation of bitcoin, no one control bitcoin not even the government of a particular country, bitcoin is designed to be independent it can circulate in the market and no one needs to control it, it can change the economy of a certain country because no officials can manipulate it and so the corrupt politicians cannot use it to do crime.
The nature of cryptocurrencies is very political because no single government that can control them. Unlike all other forms of wealth that can be expropriated from the individual. Also people are coming to understand that cryptocurrencies is a better form of money because they are governed by code alone, which makes the contract digital sacrosanct
If it is not controlled by the government how does cryptocurrency political? It contradicts the essence of it. Maybe more on unpolitical to me as there is no presence of political powers who are meddling in this investments. Eventhough China tried to control it, failed badly.
Crypto and fiat has different disadvantages and advantages, and if? cryptocurrency is better then that is subjective to the one who uses it.
Exactly right! There is no question why so many people, like investors or regular users shifted their interests here in bitcoin, aside from being digital, person's anonimity, but the main point is that the person's assets are being anonymous to, its up to the person if he's going to exploit or expose his assets to anybody, that is one the qualities we have here, although it was slightly being political but that is just how people want to save their money.
The nature of cryptocurrencies is very political because no single government that can control them. Unlike all other forms of wealth that can be expropriated from the individual. Also people are coming to understand that cryptocurrencies is a better form of money because they are governed by code alone, which makes the contract digital sacrosanct
That is why the governments can't do anything about the cryptocurrencies but to try to regulate it and when they can't regulate it then they will just ban the cryptocurrencies and stick to their system like fiat. Governments always wants to control things and make profit out of it and that is the reason why they created fiat money.The nature of cryptocurrencies is very political because no single government that can control them. Unlike all other forms of wealth that can be expropriated from the individual. Also people are coming to understand that cryptocurrencies is a better form of money because they are governed by code alone, which makes the contract digital sacrosanct
I believe that doesn’t matter at all. The way crypto currency is operating today is just perfect in all sense. You can have it transacted the way you want and you can have it stored the way you want. Tell me why is that not a revolution in the digital world and obviously a digital currency. Where we see the crypto currency as future of this world there is political and governing bodies which see it as threat to their national economic circulation. So things are complicated as long as they are not settled by these regulatory bodies.
I couldn't agree with you the more, the governments and the central banks are nervous because they see bitcoin as a threat to their respective economies and so whatever they could do politically to stop bitcoin from operating they will including banning exchanges among others.
The nature of cryptocurrencies is very political because no single government that can control them. Unlike all other forms of wealth that can be expropriated from the individual.
I strongly agree with you. Government can't really control bitcoin and that makes miners and the operators of bitcoin businesses and exchanges look smarter than the government. Government, in my opinion, doesn't have any idea (if not less idea) about how bitcoin actually work in its network. Most people prefer to use bitcoin now than the local money when buying stuffs or paying their bills since it is a lot easier and faster especially when the people involved in transactions are from different places. Also people are coming to understand that cryptocurrencies is a better form of money because they are governed by code alone, which makes the contract digital sacrosanct.
Very true. Bitcoin and crytocurrencies are safer compared to banks when it come to the network and the management of money. Few reports of banks being hacked by hackers are very alarming especially for those who have invested their money in banks, and that will put future investors to think about investing in cryptocurrency instead of investing in banks. As long as your crypto-wallet password and important keys are well stored and saved, there is no harm in having these. The nature of cryptocurrencies is very political because no single government that can control them. Unlike all other forms of wealth that can be expropriated from the individual. Also people are coming to understand that cryptocurrencies is a better form of money because they are governed by code alone, which makes the contract digital sacrosanct
I believe that doesn’t matter at all. The way crypto currency is operating today is just perfect in all sense. You can have it transacted the way you want and you can have it stored the way you want. Tell me why is that not a revolution in the digital world and obviously a digital currency. Where we see the crypto currency as future of this world there is political and governing bodies which see it as threat to their national economic circulation. So things are complicated as long as they are not settled by these regulatory bodies.
This all true the idea of bitcoin is very independent there is no chance that government can establish control over it even the ownership of bitcoin cannot be learn by any sector of the government its very private which I think the reason why some countries does not like bitcoin they are afraid of its capabilities which they can never control.
The fact that bitcoin is way beyond government control is something that governments do not know how to deal with, they are used to beat centralized forces themselves but when they face a decentralized force they have shown to be very incompetent and that is good for us since that means they are never going to be able to block bitcoin.
I agree that a lot of people choose cryptocurrencies over fiat money because of its convenience in terms of transactions. And it is correct that it is out of the control of government which is why it is extremely popular. However, I have read at some other topics here that South Korea is about to implement bitcoin taxation probably because of the following reasons:
1. It is widely used in their country. (Given that it is legal and recognized by the government)
2. To improve security.
3. To trace cash flows (This is to trace if illegal transactions are made)
This news might be the start of downfall of government's incapability of controlling bitcoin because it is being initiated now. What do you think?
1. It is widely used in their country. (Given that it is legal and recognized by the government)
2. To improve security.
3. To trace cash flows (This is to trace if illegal transactions are made)
This news might be the start of downfall of government's incapability of controlling bitcoin because it is being initiated now. What do you think?
The Freedom aspect of Bitcoin can be subverted by governments if they wish. I believe it didn't happen yet because the adoption on most countries is low that it doesn't influence the economy very much and because the third world governments are too fool to know what is Bitcoin, they are very busy with their traditional schemes of corruption and trying to destroy the justice of their countries or to control it.
It depends.
I accept the argument that bitcoin can not be controlled by a government, but I do not agree that all the kind of cryptocurrencies will never be controlled by a government.
A government can decide to make it's own cryptocurrency , and they are going to be the only miners which makes them to have a control over the currency.
I accept the argument that bitcoin can not be controlled by a government, but I do not agree that all the kind of cryptocurrencies will never be controlled by a government.
A government can decide to make it's own cryptocurrency , and they are going to be the only miners which makes them to have a control over the currency.
This all true the idea of bitcoin is very independent there is no chance that government can establish control over it even the ownership of bitcoin cannot be learn by any sector of the government its very private which I think the reason why some countries does not like bitcoin they are afraid of its capabilities which they can never control.
The fact that bitcoin is way beyond government control is something that governments do not know how to deal with, they are used to beat centralized forces themselves but when they face a decentralized force they have shown to be very incompetent and that is good for us since that means they are never going to be able to block bitcoin.This all true the idea of bitcoin is very independent there is no chance that government can establish control over it even the ownership of bitcoin cannot be learn by any sector of the government its very private which I think the reason why some countries does not like bitcoin they are afraid of its capabilities which they can never control.
The fact that bitcoin is way beyond government control is something that governments do not know how to deal with, they are used to beat centralized forces themselves but when they face a decentralized force they have shown to be very incompetent and that is good for us since that means they are never going to be able to block bitcoin.This all true the idea of bitcoin is very independent there is no chance that government can establish control over it even the ownership of bitcoin cannot be learn by any sector of the government its very private which I think the reason why some countries does not like bitcoin they are afraid of its capabilities which they can never control.
The fact that bitcoin is way beyond government control is something that governments do not know how to deal with, they are used to beat centralized forces themselves but when they face a decentralized force they have shown to be very incompetent and that is good for us since that means they are never going to be able to block bitcoin.Jump to: