Topic: Cryptocurrencies and its political nature. - page 3. (Read 1699 times)

Actually, some governments hated this kind of technology because of its anonymity individual. The government don't really make money from any bitcoin holders. Their laws in imposing tax and controlling digital currency would be their big challenge and of course, they can't hardly push to us to pay for this unless it is stated by your total assets.

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'm surprised that there is a response of this substance from a Jr. account, good job having well-formed paragraphs and a consistent viewpoint which makes sense.

Bitcoin really is a valuable good for those within developing countries that often experience high inflation or other various financial woes, but the other big thing you have to keep in mind is whether or not these same countries will have reliable internet access for their citizens to use. Having Bitcoin is one thing, being able to access the internet without interruption is another. And far, far more important for those in developing countries which may have spotty access at best.

The good thing for us is that those measures are bound to fail, they will not be able to control the market of crypto and its users so at the end I think governments will accept crypto even if they do not like and that will give to use finally the freedom to use our bitcoin in any way we want and have no worries about governments of the world.

That is the big threat for the government, bitcoin is a decentralized currency and that is why a lot of people are loving and starting to migrate from being a fiat user to a bitcoin user. Bitcoin is a great cryptocurrency and the government already noticed that and even they want to control bitcoin, they can't still do it because of the decentralization and that is why there are news that says that bitcoin is getting banned in other countries.

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.

This is not entirely true politics are going to exists as long as there is more than one people in this earth, just look at the war that is still in place between the devs and the miners a war that we thought it was going to end with segwit but that has open a new chapter with the threat of forks.

While cryptocurrency has been hailed for its potential in the financial sector of the developed world, one of its greatest applications has been virtually overlooked. In nations that lack dependable economic systems or governance, digital currency may offer hope. Access to finances, security and privacy of funds, and faith in a common medium of exchange can aid many across the globe.
Government-sponsored virtual currency does not afford the protections of non-fiat virtual currency. Conceivably, a government could control wallets, coin distribution (and taxes), and even entire blockchains. Bowing to the auspices of conventional political structure is not the goal here. Otherwise, the digital world faces the same constraints as its tangible counterpart (paper money).
All populations, especially those that are disadvantaged, need a way to maintain access to their wealth from anywhere in the world. Imagine if a refugee was able to access a bank account even after being displaced from their home country. This could help maintain the refugee’s dignity and hopefully diminish the extreme poverty caused by this terrible upheaval.
This is the unrealized potential of virtual currency. In a nation where political activists are jailed, or inflation runs rampant, non-fiat virtual currency may offer an escape.

This is impossible to ban bitcoin, and no government want to lag in development and this will bring un bearable effects and government allow to progress of their citizens and this is the way to progress and this will bring business to the region, All the countries should take a stand and then accept bitcoin bravely so that everyone can enjoy profit and its benefits.

It seems to me that the danger lies in the other. The government ban the use of bitcoins can not lead to the result because it is possible to do so in the jurisdiction of other States. The biggest danger is to ban the exchange of bitcoins for Fiat. I hope that the governments of all countries to unite efforts in this direction.

Even bitcoin is decentralized and cannot be controlled by the governments then it can still be affected by the politics because the perfect example for that is the banning issue of china in bitcoin and you can see that it affects bitcoin a lot and its price goes down hard and you can see  that bitcoin is experiencing something that shows difficulties to climb up again.

Yes it's governed by code alone, but do you think everyone knows that, I would give a big no, because people don't care about bitcoin, they only care about its price, their mindset is like,okay bitcoin is going to give me profit, so I'll just put my money in it and cash out a few days later.
And even if bitcoin is not controlled by any government, it's price is influenced by people which we experienced earlier this month ,and probably bitcoin should be technically defined as " For the people, of the people and by the people ",damn Abraham Lincoln, stated that at the wrong time, even though bitcoin is not a government, it's in people's hands right?

they are without a government so all are not in political control let alone they do not have citizenship of course this can not be manipulated but it is worth knowing cryptocurrency that is not affected by politics and control from anywhere but they are a good future investment.

The idea of crypto currencies is really good that no one will have the control over it but maybe we also need to see the fact and chance that owning bitcoin does not have any limitations as long as you have the money to acquire it. My point is that if government would really want to have control over the majority of bitcoin they can buy large amount of it even corrupt politician can put their currupted money on bitcoin and no one will find that.

May be one day will come when the country who holds most bitcoin will have some kind of advantage over other countries.

Well in terms of markets and economy, it is necessary to at least somehow have a price rollback every once in a while. It's true that big sharks as you say control the price but that is part of the business. We cant always have price increase because it would be more harder to monitor or even have earnings if the price is always increasing. Price goes up to give back what they bought and price goes low to sell the coins.

But what about this highly volatile jumps and falls?? These just cant be natural. They are created by these big sharks to earn some good money. But at low sell at high and again buy at low. Surely this is a major drawback of this currency.

no single government can't control them that's why some of government in the particular countries attempts to banned cryptocurrencies because they're cannot control the users too moreover people currently has see the advantages from it with invest more money to cryptocurrencies because besides those factor also cryptocurrencies provide the profit for the future

Due to the fact that cryptocurrency can be disruptive in nature, it can not be avoided that it can be mired in the political games as what we are seeing right now. And this is just the start as cryptocurrency is now being noted and notice by the many governments all over the world. While there are those who are accepting cryptocurrency by means of regulations presumably to level the field and to minimized abuses, there are governments that are really threatened by it that they chose to ban its use and utilization by their citizens. And sine the state has the power to control the people, there are really no choice but to abide by the orders of those governments. The recent example is, of course, the big market of China. However, any citizen can take advantage of getting into other countries where cryptocurrencies is allowed.

I am expecting that in the next few years, many governments would finally issued their stand on cryptocurrency and there would be more who will allowed it and there would be some who will chose to be be backward and will not grant legal status. However, it should be noted that the cryptocurrency movement is here to stay and will continue to grow. That is for sure, regardless the many bumps and humps due to political and economic reasons.

I don't think it makes the cryptocurrencies political in nature. I believe cryptocurrencies are on the contrary not political. Crypto goes beyond the division caused by politics. Crypto is not divided by political ideologies, parties, principles, and the likes. Crypto makes the world a single digital community.