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

They will try to ban it and they may succeed in slowing adoption by imprison people they find dealing with bitcoin but at the end it is going to be similar to the war on drugs, it is not going to work as long as there is a reason for people to want to use it.

I don't think that Satoshi, when writing bitcoin code think that it will be very influential that even in the political arena, bitcoin is going to be involved. Right now the situation is still in the middle, some government like Japan support bitcoin all the way, while others like China want to banned it. And even in countries that has political and economic turmoil, like in Venezuela and Zimbabwe, bitcoin is also tag along. I guess bitcoin could be consider as tool to change how countries perception on money, specially their fiat. Look at China government, they felt that their Yuan is being threaten by bitcoin that's why they want to ban and put a stop on it. Bitcoin is not designed by Satoshi like that, but since it has evolved so much, for now its gonna be a battle for bitcoin to be accepted or rejected by a nation for a reasons.

Since bitcoin is made to at least be used as a currency or eventually replace the current fist system then it will have a political influence on every government. Government wants top at least regulate the use of the coin because they are seeing it's future potential.

But the majority of the government are unimportant people that are just like any other person on the street the leaders of the governments are the ones that count and they are realizing slowly that bitcoin is not a joke it is not something they can simply ignore and it is going to go away on its own.

That's the good nature why do I love bitcoin. But my perspective right now about this crypto, I think it would be best also that it has government intervention because if government support this one we can ensure that operations would still continuing and goes on. And if there is government that let us say regulates it and provide some laws regarding to it then it would be appropriate because if you just let it alone many would intervened and we do not know also if those who intervene are good for this crypto.

And as far as I can see many nations that bitcoin is highly legal have government intervention and we see that they have good things running out of this crypto and I think other nations would do the same way too.

Just curious, how can you say that goverment has no control and can't to have while china's one word affects price immediately with huge percent change. So don't think that everything is like in dreams, no man. But beauty of crypto and especially of bitcoin is that you can have offline wallet in just flash drive, send it as much as you want without limitations and feel secure at the same time because no one can block your money.

Its happened because of its decentralization features it has, no wonder why the government in the entire world had no power to control it. And that's is the beauty of crypto currency and Bitcoin.

Indeed, this banning of bitcoin in such countries will not be implemented forever. Maybe the government now is against it, but when the next leader stood up and realized the functionality and the fact that there's a high possibility that btc will be our future currency, then they have no choice but to embrace this awesome digital currency.

There is no way to ban a completely decentralized technology. Even if they oppose it, they have to accept it someday. It will destroy everything that goes against this technology like a big hurricane.

Bitcoin is not political in those means ,it is political in literal political nature that is unwanted lies being used to cover up and powerful people dominating the markets sometimes. For example,take Jamie Dimon asshole for how he used his political/top-class business influence and made people to some how panic sell their bitcoin so that he could buy it.
People don't understand shit about bitcoin's code. There exists some people who dont want to use bitcoin and even though it is governed only by its code,its actually not, its governed and controlled by people,well at least the prices are.

The political nature you can find it thru the projects sustained thru bitcoin. there are all kind of digital currency for a various amount of purposes, like organising events and thru this perspective digital currency encounter policy. I wonder what kind of political party would use bitcoin in the election campaign.

That is something they are going to try but since they are never going to impose the strong fundamentals of bitcoin then those cryptocurrencies are going to be as useless than the fiat they keep printing, besides even if at some point they decided to apply the same fundamentals we know that they are going to changed them eventually.

I don’t see anything that makes cryptocurency is better than fiat money in terms fastness in transaction; fiat is more faster, cause Bitcoin will have to go through some confirmation processes which will take about 10 to 15 minutes on high priority, and more than hours on low priority due to miners not accepting low fees. Another thing you should –government can control Bitcoin if they choose to, and they can even destroy it, ask me how or make some research.

You are absolutely right about this. You know, every government want to make its country economically stable. And in the future, believe me there will be one measuring tool and that will be bitcoin. So now, all the interested governments are studying bitcoin so keenly that they want to make bitcoin legal in their country. They want to be standing in the first of economical row in future.

The main advantage doesn't change and that is being in absolute control of your coins. Untrue that crypto will be centralised. True 95% don't know how to use it (more like 99.9 actually) but you forget that adoption and decelopment of mainstream tools has an early steep climb. Think banking was accessible and useable in its early stages? Roughly a third of the world is still unbanked!

Bitcoin in that way isn't just about economics, to change the way we view money as something we control is very political!

I think it’s going to be hard for governments to eliminate physical money because not everyone has access to computers and smartphones. There will probably be some combination of physical and digital for a while.

In fact, we already do that in a way if you consider credit cards, PayPal, and automatic bank drafts which are transactions completed without physical money changing hands. Even checks eliminate the need for using physical cash.

I don't believe there are many countries that are in a position to legalise bitcoin because for most places it is not illegal. Whenever anything draws as much attention and money as the crypto market then inevitably governments and other big political players will get involved to try and shape it in a way that benefits them.

Bitcoin is having a very crucial importance and there are so many people who are studying about bitcoin in order to understand this concept in a better way. As far as political nature of bitcoin, I think there is no one who knows exactly the role of bitcoin in such kind of scenarios. I only know one thing and that bitcoin is going to surprise all of us in the coming days. We just need to hope for the best.

I don’t agree with you because I think that If any government wants to intervene in it then it will not be impossible for them to get control of it  as they will find all the transaction very easily and it will be impossible that the USA and Japan will never legalize bit coin in their country.

It is true that in crypto Nobody Becoming overnight rich. However that didn't stop people from launching new coins every now and then to become one. "Bitcoin is political because it cannot be controlled" is bit far fetched. Majority of government bureaucrat have no idea about crypto and those who have some are finding it difficult to wrap up their head around it. Thus there is suspicion around crypto. However in that suspicion also they find a way to tax the bitcon. For me it looks more of oxymoron.
What satoshi has achieved was so great in the sense of economic break through, that people, banks, financial institutes, economists were trying for decades to build up a system which will work as ledger. This ledger would be most secure and trust will be maintained under any situation. There were attempts to build this kind of system with trust-oriented nodes in different countries however their failure were apparent when it came to maintaining security under criticial situation like some of nodes were malfunctioning or hacked. 
Bitcoin ledger has managed to put that missing link and build a decentralized system.

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.

So whats gona be the advantage of such coin?
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.

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.

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.

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.

Not only they cannot tax it they cannot confiscate bitcoin either, if you refuse to pay your taxes in fiat they can confiscate your properties and freeze your bank account but they cannot do that with bitcoin and that is driving them insane, governments are going to need to deal with that because if they do not they are going to lose a lot of money in taxes.

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.

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.

I agree. It is quite impossible for the government to be in control when it comes to bitcoin because they won't be able to trace transactions easily. And also, they won't make profit out of it. Which is why fiat money is used and cryptocurrencies won't be able to replace real cash.

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.

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.

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.

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.

But i think they can make rules and do planning for that. i think it is not such an difficult job for a country, I think they cannot implement taxes on bitcoin because bitcoin is not consider as legal currency  by government. but i think that if they will turn bitcoin as legal currency the it will become more easy for them to implement tax on it.

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?

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.

Correct, it is a lot easier to crush a group of 100 people than to try to catch 100 people all around the world, and that is the kind of battle governments are facing, not an easy one, and I’m sure that at some point they are going to accept that bitcoin is here to stay.

This is the only reason why some countries truth are not sincere with their public and involved in corruption are not making bitcoin legal for their public. These governments don’t want their people to have full control over their money rather they want to control the assets of public. These governments are in habit of imposing massive taxes on people and bitcoin is not going to allow them do this.

Government hates the digital currencies because they can't implement taxes in cryptocurrencies that resulting for them to not make any profit from digital currency. They also hate digital currencies because it is decentralized and that is why most of the countries that realized that they can't make money in digital currencies are just regulating or worse banning it like china did.

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.

What you did not mention is that after the ban and the enforcing of such a ban governments are going to fail miserably at it, and then the people are going to force them to make cryptocurrencies legal again and eventually this is going to mean the disappearance of fiat as we know it, bitcoin is not going lose the war of currencies and they know it.

The cryptonature is more likely non political because of the same reasons. But anyway governments will aim to control the usage of cryptocurrencies on their territory making it imposible to use bitcoin and forcing users to hide their BTC in the internet.

Politics can be found anywhere and as decentralized as Bitcoin is - politics may still be found in it. There will always be attempts to have some control over power thus the presence of whales and speculators. It's the sad reality but its quite true that someone behind the scenes have been pulling some strings. They are motivated by personal gain and they continue to do so to their advantage. I think that the mass number of bitcoin users would still be able to have some liberty to use their bitcoin despite these political roadblocks. Bitcoin continues to prevail as a cryptocurrency.

Cryptocurrencies are becoming political now because there is more money involved which means more politics.

It is commonly thought that Satoshi had decided to create Bitcoin as a response to 2008 financial crysis, and also there were attempts to create independent cryptographic currency since the 90s. But Bitcoin is much more than an anti-government project - it is the first decentralized financial system, which goes far beyond everyone could imagine. If you are familiar with Austrian Economic School and works of Friedrich Hayek, you may know that he was proposing denationalization of money by giving all control to private businesses and removing any regulations. But Bitcoin took it one step further, as Bitcoin is governed by both the code and its users, so there is no central point of failure. So, I think Bitcoin is needed regardless of political system, i.e. even if governments and banks were 100% honest, I would still be pro-Bitcoin.

It definitely is better money. Ask all those whose bank accounts have been frozen. You don't need the government deciding to seize your account. A banker can do it on the basis of some unfounded suspicion.

About the last part of your comment, capitalism is better than socialism, there is not a discussion there, socialism has never worked once, capitalism do works, it has problems that is true but it is the only system that we have been able to use to run large societies.

Yup, sounds a bit sad. But then again it's all that speculating that drove the price up. I know whales just pump and dump their holdings but hopefully, there'll be a large enough of supply split between small users.

No one can govern bitcoin and it's many users. Someone can make a ripple effect on the bitcoin's price but as you have said, it will be just in a while not temporarily the reason they are called whales, maybe. And also if people can govern it, maybe we are seeing a face of bitcoin now and that will not be Satoshi Nakamoto and someone who can be more taking the head now.

One can still govern bitcoin and control it's price using money but still it is hard to keep it up all the time, they can only control price temporarily. You are right that bitcoin is only governed by code alone unless rich people will try to get people to use a centralized hardfork from bitcoin but this is most unlikely because most are here for decentralization.

If you were paying any attention to what crypto actually is, perhaps you'd think differently.  Especially since satoshi literally wrote a political message into the first block ever to be mined.

---

A somewhat unfortunate aspect of crypto is that having more money gives you quite significantly more power.  Nodes?  Just run a lot of them.  Miners?  Just run a lot of them.  Community?  Spoof the support and try to gain control of major media.

The network gets harder to attack as it grows but if richer people ever all have similar interests, the public could be misled into using a new chain with a raised supply or other features (or they'd lose money by staying on the old chain with much less economic support).

For me, the presence of market policy crypto currency obviously. Crypto currency make people more free and weaken the ability of the state to put pressure on people. For politicians this is not acceptable so we will soon see active struggle governments with crypto currencies. China is just the beginning.

Just because politicians talk about cryptocurrencies, does not make it political. While it might be beauty in code, bitcoin might fall because of mathematical limitations. The more popular it becomes, the more expensive transaction fees - you have to wonder how far it will scale and could it compete with say, VISA?

There is no connection to crypto market to politics. These are all conspiracy theories that people believe in when they cannot explain something to themselves. Our mind does not easily accept everything and that is why we want explanations and whatever damn thing come to our minds first - our mind twist it to fit the explanation.

Crypto and crypto trading market depend on the people who are using the currency and/or trading it. There are some groups which carry different propaganda and they try to spread such news just to influence the people in the market to buy or sell some specific crypto. They may have their own reason why they spreading such FUD but trust me it works and people easily fall for it.

I would aregue that crypto currencies does not have anything to do with politics and the political landscape of things because of the code which its solely rely upon, give room for maximum objectivity which is something that is scarce or even nonexistent in the political situation of every country. Comparing the two will mean comparing two things that are completely unrelated in my opinion.

You are quite right on that. Capitalism as postulated by Karl Marx  classified the society into two, the bourgeois and proletariat. The formal being the individuals with access to factors of production like capital, land, enterprising or entrepreneur(ing) skills etc and are able to employ the labour of the proletariats. He assumed that these two different classes are perpetual , that is, one can not move into another class either by descending or moving from proletariat to bourgeois. However, the current politics of crptos and bitcoin has been able to prove that a no body as (proletariat ) can overnight become overtly rich.

The problem is people over react by a ton if some bad news happens in one country. Eventually I guess all of the sheep will get minds of their own and realize that even if 10% of the market banned bitcoins that would only be a 5%reduction in value because some people would continue to use it anyway.

now a days crypto currencies changes political environment, As you see month ago china and Australia made rules and regulation for bitcoins.
and recently china banned  exchanges.
World govts. is  about to legalize  cryptocurrencies.

There are internal power struggles in the crypto space too, there's no denying it. Bitcoin is the biggest cryptocurrency and arguably it's already fallen pray to speculators and developers that are more after personal gain other than integrity of the code base and the overall good of the ecosystem. Thankfully community outcry prevents major mishaps from taking place but it's not that of a great way to do damage control.

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.

In every things in this world has its own strength and weaknesses or advantages and disadvantages. If this would be officially worldwide accepted I mean fully accepted, this has to be the most successful one. The nature of cryptocurrencies will be the one of the sign through modern era of the world market. It has to be better than money itself.

"Governed by code alone, making the contract digital sancrosanct."

That is a decent way of putting it.

Context is where economics discussions become complicated. Many have a tendency to define terms like centralization, regulation, capitalism/socialism and crypto in absolute context. To say that capitalism is always better than socialism is an oversimplification. There are strengths and weaknesses, advantages and disadvantages in everything.

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