Topic: Cryptocurrency should be insured and supported by goverment (Read 235 times)
Everything you have listed should not be accepted by the government if not everyone who is into Bitcoin and other cryptocurrencies will be completely doomed. Just imagine how centralized exchange is fully under the owner and developer's hands and then imagine them becoming allies with the government there won't be a safe environment for traders and investors. Every day will be one from one bad news to the other. And gradually the digital finance system will crumble completely.
Government will not make any deal with crypto, not unless they get something from it and we all know the oligarch running the banks and they have the control over the government, so regardless of who will lead the country I'm sure there will always be a transaction under the table. Let's not expect that much from the government because since then, they are against crypto though lately we have seen a good development, but still they want something from this market.
From the introduction of Bitcoin government has been kicked against existence of Bitcoin but I don't really know what government find quite wrong for Bitcoin that makes them to continue to have a series of attack in Bitcoin, so with the things that happened in cryptocurrency mostly Bitcoin and the government I don't think that there will be a time government will embrace cryptocurrency as a legal tender.
When looking at government from the way and the attitude they showed in Bitcoin and the some certain allegations they allegedly said or Bitcoin I don't think that the government can approve that bitcoin should be a legal tender in Society it depends the country from their own understanding of cryptocurrency and the its network that can accept a Bitcoin as a part of a legal tender in their Society but it seems that politicians and some sectors of government is seeing bitcoin as a means of committing money laundering and that's why have a series of attacks in bitcoin.
When looking at government from the way and the attitude they showed in Bitcoin and the some certain allegations they allegedly said or Bitcoin I don't think that the government can approve that bitcoin should be a legal tender in Society it depends the country from their own understanding of cryptocurrency and the its network that can accept a Bitcoin as a part of a legal tender in their Society but it seems that politicians and some sectors of government is seeing bitcoin as a means of committing money laundering and that's why have a series of attacks in bitcoin.
The goverments should more support traders Let those people who Dont want to trade work and traders should only do finances and trading.
But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.
But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.
Why are typing like you don't understand the government or new to them? What the government doesn't endorse, don't expect a compensation from them. By the way, USDT is a private money and not printed by the government but back by fiat printed by the government, how is that the government concern to insure it. If USDT need to be insure, then it has to be Tether who offered the currency to the public because you are warned by the government that crypto is a very risky investment and you should avoid it.
You seems to be a pro Trump but one thing you don't know is that Americans are not foolish people, they know what they want. It's not like many of them loves Joe Biden but because they don't like the way Trump ruled Americans is the reason why many of them voted for Biden and don't be surprised if he is reelected again for another four years, this crypto talks are just formalities.
We don't need them because the crypto market will continue to grow without their participation. We are able to enjoy privacy before but when the government gets closer and implements some rules in exchanges, we are now losing it, and much more if they will regulate it that is more to lose from us. They don't give assurance to us, that is what I feel. I know they have some reason why they are eager to control crypto and that is worrying enough for now as they are moving in.
I still believe that adoption never needs insurance from the government but what we just need is their understanding and let people choose as long as it never involves crimes like money laundering and scams.
I still believe that adoption never needs insurance from the government but what we just need is their understanding and let people choose as long as it never involves crimes like money laundering and scams.
We Are in times when we should not tolerate that you can lose on financial markets.
The traders should have insurance protected by goverment for example binance futures should be insured and meme coins also.
The govermnt should also provide support for markets and better liquity to help to pump prices up and with volatility.
The goverments should more support traders Let those people who Dont want to trade work and traders should only do finances and trading.
But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.
If their is no lose in trading that means their won't be gain because cryptocurrency trading is about lose and gain. Cryptocurrencies are very volatile and their is nothing that can be done to take the volatility from it. It doesn't make sense for you for the government to stop lose in cryptocurrency trading. It is always advisable for one to have understanding of trading so that the rate at which lose can occur can be reduced. The government can't change anything about cryptocurrency, the only thing the goverment can do is to restrict cryptocurrency trading.The traders should have insurance protected by goverment for example binance futures should be insured and meme coins also.
The govermnt should also provide support for markets and better liquity to help to pump prices up and with volatility.
The goverments should more support traders Let those people who Dont want to trade work and traders should only do finances and trading.
But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.
The cryptocurrency is very clear to everyone that it is volatile in nature and anyone that wants to go into it should be ready to learn and understand how the market works.
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
We Are in times when we should not tolerate that you can lose on financial markets.
The traders should have insurance protected by goverment for example binance futures should be insured and meme coins also.
The traders should have insurance protected by goverment for example binance futures should be insured and meme coins also.
Isn't this self entitlement, is it the governments that force you into trading, why should they be responsible for you. Memecoin are already a joke from its name so why do you want the governments to protect you from their unstable form when you can protect yourself by not participating in them through buying or trading if you can't do that on your own. There are things the government should be focusing on and i don't think this is one of them. The market is an open space where your knowledge/experience should helps you to make profits or losses. The beautiy of the market goes when we no longer lose as you won't find winning satisfying.
Quote
But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.
For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.
If this happens then we should get ready for regulations and while the governments are on that, should they also feed you three square meal and bath you too?. If you aren't comfortable with the environment that crypto offers, stay away from it so you don't not sound unreasonable with all your demands. The government have better issues to address and not making you to not lose is not top of the agenda.
If the government insures Bitcoin then you lose custody of it. It means you are giving up your freedom. Government insuring Bitcoin is equal to regulation and control do you want that? If you do then just go ahead, call your broker and buy some Bitcoin EFT from Black Rock. The government is like the "Devil" in the religious stories, he gives you security with his right hand and takes your freedom with his left hand.
FYI- Trump isn't going to do jack.
I don't believe the government can control something they don't possess. Many investors, exchanges, and organizations have more Bitcoin than most governments. I think the financial structure of Bitcoin shouldn't mirror the existing banking system. It's better to leave it as it is for now. FYI- Trump isn't going to do jack.
Regulating the crypto market and offering more options is something that can realistically happen. Offering crypto insurance services is also something I think has good potential. But I was thinking about basic protection against scams, hacks, perhaps also locking yourself out of a wallet (although this one might be too hard to prove and should require more conditions). Losing money when trading is just normal, natural. When people trade, they're taking that risk. So no insurance will cover such losses, much like gambling losses.
But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.
In what area of interest or constitution will the government start funding exchange and crypto? Have you forgotten that the government doesn't embark on what they don't believe in or have control over? If the government should think of such a move, take it that all exchanges will dance to their tone, they will have a high percentage of every crypto coin, and then control and manipulate the crypto market in a way that will suit them. For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.
That being said, I doubt if the government will think of funding crypto exchanges whereby they have numerous implementation laws that really involve money they want to deal with than funding crypto instead.
Absolutely not, and this is just a silly thinking, there isn't really anything that would make sense like this at all, we should probably ignore it if we can. I understand that some people may want to do better and they want some protection but that doesn't work like this. When a nation "insures" something, they are using tax payer money most of the time.
For example in the USA, money up to 250k is protected, so you can invest as much as 250k, and if the bank collapses then you get 250k of it back. That is paid with what? That's right, it is paid with some of banks money but mostly tax payer money because government is terrible at keeping track of money to begin with. This is why I am fully against the idea that Bitcoin should be insured.
For example in the USA, money up to 250k is protected, so you can invest as much as 250k, and if the bank collapses then you get 250k of it back. That is paid with what? That's right, it is paid with some of banks money but mostly tax payer money because government is terrible at keeping track of money to begin with. This is why I am fully against the idea that Bitcoin should be insured.
This is way far-fetched to think of. Governments dont support cryptocurrencies - reversing that is the first step, only then we can think of them appointing a body to oversee the insurance of the investors.
For now you have to keep your coins and investments safe, make proper wallet recovery mechanisms, keep your devices safe and keep track of the coins you have on websites.
Governments want to tax everyone, if they are able to do that on crypto, maybe in future they will fund exchanges and be more lenient about crypto.
For now you have to keep your coins and investments safe, make proper wallet recovery mechanisms, keep your devices safe and keep track of the coins you have on websites.
Governments want to tax everyone, if they are able to do that on crypto, maybe in future they will fund exchanges and be more lenient about crypto.
If the government start supporting BTC and crypto traders with money, do you think you will be making profits like the way you are making profits from BTC and crypto trading, because they will use tax to frustrate the traders from BTC and crypto trading.
I don't think government will support what they cannot control, because they fully know that they don't have power to control decentralized currency and if they support decentralized currency traders in their countries, it will not make their leaders to benefit from the support but their citizens will benefit from it, which is the reason you see some government don't want to hear anything about BTC and crypto.
I like the way government is not taxing the BTC and crypto traders in the country, anything you make from your BTC trading belong to you and it will help you to buy BTC when the bear run occur again.
I don't think government will support what they cannot control, because they fully know that they don't have power to control decentralized currency and if they support decentralized currency traders in their countries, it will not make their leaders to benefit from the support but their citizens will benefit from it, which is the reason you see some government don't want to hear anything about BTC and crypto.
I like the way government is not taxing the BTC and crypto traders in the country, anything you make from your BTC trading belong to you and it will help you to buy BTC when the bear run occur again.
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
Cryptocurrency is a volatile asset, and in my opinion, there is no need for the government to insure cryptocurrency. Take, for example, Bitcoin, a decentralized asset whose volatility is affected by natural factors that have always caused the price to be unstable. Bitcoin is not pegged to any real-world asset, so the government cannot have full control over its price and cannot insure it. So, it is applicable to every altcoin. Well, the government cannot insure those coins and tokens because their price cannot be regulated since they're not pegged to any real-world asset. Anyone who is investing in altcoins should be aware of the volatile nature of Bitcoin and should agree if they can bear the risk or not.
Recently number of countries that support the use of bitcoin increased even though its not fully supported but they at least support the use of this feature into their shops like having a mode of payment to the stores, using for transaction for being convenience etc. We cannot push other countries because they want to have are conservative possible new innovations such as bitcoin also they want to make sure there are no third-party transactions that will operate in their country without prior regulations or licenses to prevent hidden transactions but if they see the benefit of the cryptocurrency possible there's a chance sooner or later they will support the use of the crypto.
The government is not interested in insuring crypto like banks are insured, because coins are creating market cap too quickly and the govs don't want to play catch-up with their budget.
Governments cannot insure cryptocurrency, they are too volatile therefore the risk will be too much, so it is better that they just regulate it and be on the safe side. Remember that there are too many scam projects in the crypto market, so I very much doubt that any government will want to put their money in businesses that can vanish as quickly as it started. Governments can not even insure a reputable crypto like Bitcoin that has proven that it is a store of value because it is decentralized and they can not have control over it.
Banks are different from cryptocurrency and exchanges, they deal in fiat that are owned by governments and have central banks that are government establishments, so that makes Banks government's concerns therefore can be insured by them.
Governments don't want to support crypto and to make that clear, they make their regulatory bodies tell all the crypto websites "You will invest in this product at your own risk, you might lose everything".
Yes, literally they make the websites right that. At least the FCA I mean. They make all the UK crypto exchanges carry such a notice.
The government is not interested in insuring crypto like banks are insured, because coins are creating market cap too quickly and the govs don't want to play catch-up with their budget.
Yes, literally they make the websites right that. At least the FCA I mean. They make all the UK crypto exchanges carry such a notice.
The government is not interested in insuring crypto like banks are insured, because coins are creating market cap too quickly and the govs don't want to play catch-up with their budget.
We Are in times when we should not tolerate that you can lose on financial markets.
The traders should have insurance protected by goverment for example binance futures should be insured and meme coins also.
The govermnt should also provide support for markets and better liquity to help to pump prices up and with volatility.
The goverments should more support traders Let those people who Dont want to trade work and traders should only do finances and trading.
But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.
That seems highly unlikely, mate.The traders should have insurance protected by goverment for example binance futures should be insured and meme coins also.
The govermnt should also provide support for markets and better liquity to help to pump prices up and with volatility.
The goverments should more support traders Let those people who Dont want to trade work and traders should only do finances and trading.
But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.
Why would the government support let alone fund something they do not like? A lot of governments are against the use of cryptocurrencies and go as far as banning it in their countries. They are not surely going to be protecting those who use it. If anything, they flush out those who use it and try to come up with silly stuff to get them to jail.
I might be right or wrong if I have to say that I understood the OP and this is my way of understanding the thread...
Exchange which is centralized and has been much avenues of crypto enthusiasts loosing their foods due to the transparency of the exchanges features couples with the fact that crypto asset owners are not fully in charge of their funds unlike the decentralized exchanges.
So it is very crucial for the wallets and crypto project developers to be reputable in minimizing risks of asset losts in its processes.
It is all about being integrified but OP, crypto currencies are decentralized digital developments which the governments does not have the controlling capacities up to having alignments directly with the cryptocurrencies or even to determine the crypto market price.
To me, where the government has a point which is actually limited is at the centralized exchanges because the centralized exchange is a consumption of associating trending transactions with the fiats which is in the control or the governments.
Exchange which is centralized and has been much avenues of crypto enthusiasts loosing their foods due to the transparency of the exchanges features couples with the fact that crypto asset owners are not fully in charge of their funds unlike the decentralized exchanges.
So it is very crucial for the wallets and crypto project developers to be reputable in minimizing risks of asset losts in its processes.
It is all about being integrified but OP, crypto currencies are decentralized digital developments which the governments does not have the controlling capacities up to having alignments directly with the cryptocurrencies or even to determine the crypto market price.
To me, where the government has a point which is actually limited is at the centralized exchanges because the centralized exchange is a consumption of associating trending transactions with the fiats which is in the control or the governments.
If the government insures Bitcoin then you lose custody of it. It means you are giving up your freedom. Government insuring Bitcoin is equal to regulation and control do you want that? If you do then just go ahead, call your broker and buy some Bitcoin EFT from Black Rock. The government is like the "Devil" in the religious stories, he gives you security with his right hand and takes your freedom with his left hand.
FYI- Trump isn't going to do jack.
If time comes the government will come to support and regulate bitcoin, then it's like we end up giving up the decentralized nature of bitcoin and make the government take our freedom. Just imagine how Satoshi had made this come to happen despite of the government opposition, and now you just want to give it all to the government. You are imagining things that are out of context with bitcoin, so I really think it's not gonna happen in the future, although no one can be sure of it. FYI- Trump isn't going to do jack.
Jump to: