If they create the digital version of their fiat currency, it will fail too. It will be built on the same principle of a failing system. The people will have no choice in the matter, because these countries will force them with laws to use their version.
Bitcoin will be banned, because it will be seen as the rival currency and it will be outlawed. Governments have the power to outlaw any fiat or digital equivalent, if they perceive it as a threat to their national currency.
This is why most countries want to ban Bitcoin use as a currency. They want to protect the currency they can control.
Topic: Discussions about digital currencies in some countries. What future for bitcoin? - page 2. (Read 2375 times)
October 13, 2015, 12:26:31 AM
October 13, 2015, 12:25:27 AM
Are there coins (if created) a risk for bitcoin? Can compete bitcoin with these coins which will be supported by the most important Authorities of every country?
They'll be about as much of a threat as Mintchip was. We already use digital currencies supported by the authorities of every country, it's called having a bank account. Whatever they end up creating will have literally no perceivable benefit to anyone beyond what we've already got today. No system with an unlimited monetary supply, central points of failure, and inherent shortcomings with fungibility and censorship (which is exactly what they'll come up with) will look like it's worth anything compared to Bitcoin. All they can do is create a pale and crippled imitation. There's no contest.
Thanks for the comment.
Mintchip is not a digital coin and it is not conceived as a such kind of thing. According to the article given in your post "MintChip was not a digital currency akin to bitcoin, but rather a digital payment mechanism meant to function as an electronic cash that could be transferred between users."
While the idea given from the articles given in the main post suppose that the interested countries want to have a real digital coin and not a "digital payment mechanism meant to function as an electronic cash that could be transferred between users."
You pretend that nor the best scientist of USA (or England) and nor the best scientist of Russia will be able to understand and clone blockchain? Or to create a digital coin like or similar to bitcoin?
October 13, 2015, 12:03:00 AM
Thanks for your thoughts.
In both the articles is told that they (the interested people) are studying the blockchain. If they will be able to clone it why do you think that they will be not able never to create a digital coin like bitcoin?
What is the difference between a "digital token" and a "digital coin" if the way they connected will be the clone of blockchain?
Bitcoin is outside government control. Everything they have planned - is.
End of.
It doesn't matter what they come up with, what they call it, whether it uses a blockchain, whether it's irreversible, reversible, lives in a chip on your forehead or allows your dog to buy bones online, at heart it will still be debasable, corruptible, controlled, inflatable and it'll add the ability to confiscate your money, shut you down completely or impose negative interest rates.
It'll be infinitely worse than the current financial system with that inconvenient cash shit and hidden accounts in foreign countries that don't talk to each other in the same way an all digital currency would. They'd be able to tag transactions they don't like, totally prevent money arriving or departing or simply take it straight away from you.
Them integrating some of Bitcoin's features would make Bitcoin more relevant, desirable and needed than ever.
Why can't people comprehend this?
I see to much rage in your post rather arguments.
Are you sure that such thing don't obscures your reasoning? How do you know that their digital coin based currency will be "debasable, corruptible, controlled, inflatable" or "it will be infinitely worse than the current financial system"?Maybe it will be true that they will "add the ability to confiscate your money, shut you down completely or impose negative interest rates." Maybe it will be true that "they'd be able to tag transactions they don't like, totally prevent money arriving or departing or simply take it straight away from you."
But if they (and the other countries like this country but with the same mentality about their new digital coin based currency) will ban bitcoin to protect this they "shit" digital coin based currency what will happen with the bitcoin? If those countries are the most important of the world and there are every day more the others which will follow those (it is known that the other countries follow always the most developed ones)? If all those countries ban bitcoin what it will be with it? This is the main aim of this thread. Please give arguments in order that the simple people understand your idea and be with you.
October 12, 2015, 06:29:59 PM
Are there coins (if created) a risk for bitcoin? Can compete bitcoin with these coins which will be supported by the most important Authorities of every country?
They'll be about as much of a threat as Mintchip was. We already use digital currencies supported by the authorities of every country, it's called having a bank account. Whatever they end up creating will have literally no perceivable benefit to anyone beyond what we've already got today. No system with an unlimited monetary supply, central points of failure, and inherent shortcomings with fungibility and censorship (which is exactly what they'll come up with) will look like it's worth anything compared to Bitcoin. All they can do is create a pale and crippled imitation. There's no contest.
October 12, 2015, 05:13:14 PM
I guess countries have more interest in blockchain technology than BTC. One country may eventually start a new cryptocurrency, making it legal tender, but that would only boost confidence in BTC, the original, because a national cryptocurrency would only be valueable within the borders of the nation which invented it.
October 12, 2015, 01:53:13 PM
I really think that what governments should be doing is working together to make BTC an acceptable alternative form of payment, do they not care about one's financial freedom?
Funnily enough, no.
October 12, 2015, 01:45:30 PM
I really think that what governments should be doing is working together to make BTC an acceptable alternative form of payment, do they not care about one's financial freedom?
October 12, 2015, 11:58:32 AM
Governments creating their own digital currency is no different than printing fiat bullshit.
yes, is something like "lets change the toy to play with and let's continue with our scam..." i hope that this time people change his mind and start to understand what are they trying to do, again...
But please mister ,I like my currency devalued.
I cant imagine how my life would look like if I would not lose 99% of my purchasing power of my savings over 30 years.
Do you imagine how catastrophic would it be if people would not have to be debt slaves and instead buy their expenses with hard money....
Go away bitcoin, your black magic sorcery. I worship the printed money
October 12, 2015, 11:39:57 AM
Thanks for your thoughts.
In both the articles is told that they (the interested people) are studying the blockchain. If they will be able to clone it why do you think that they will be not able never to create a digital coin like bitcoin?
What is the difference between a "digital token" and a "digital coin" if the way they connected will be the clone of blockchain?
Bitcoin is outside government control. Everything they have planned - is.
End of.
It doesn't matter what they come up with, what they call it, whether it uses a blockchain, whether it's irreversible, reversible, lives in a chip on your forehead or allows your dog to buy bones online, at heart it will still be debasable, corruptible, controlled, inflatable and it'll add the ability to confiscate your money, shut you down completely or impose negative interest rates.
It'll be infinitely worse than the current financial system with that inconvenient cash shit and hidden accounts in foreign countries that don't talk to each other in the same way an all digital currency would. They'd be able to tag transactions they don't like, totally prevent money arriving or departing or simply take it straight away from you.
Them integrating some of Bitcoin's features would make Bitcoin more relevant, desirable and needed than ever.
Why can't people comprehend this?
October 12, 2015, 07:09:50 AM
Rephrase this to 'digital tokens' because that's what they'll be.
Bitcoin is fundamentally different from any currency any country or bank (not that a retail bank has created a standalone currency, er, EVER, not that that stops people on here spouting off about such possibilities) will ever create.
There will never, ever, ever be anything like Bitcoin that comes from the regular suspects. It goes against every single thing that turns them on. A lot of folks here really don't seem capable of comprehending this.
Bitcoin is fundamentally different from any currency any country or bank (not that a retail bank has created a standalone currency, er, EVER, not that that stops people on here spouting off about such possibilities) will ever create.
There will never, ever, ever be anything like Bitcoin that comes from the regular suspects. It goes against every single thing that turns them on. A lot of folks here really don't seem capable of comprehending this.
Thanks for your thoughts.
In both the articles is told that they (the interested people) are studying the blockchain. If they will be able to clone it why do you think that they will be not able never to create a digital coin like bitcoin?
What is the difference between a "digital token" and a "digital coin" if the way they connected will be the clone of blockchain?
But even we will call those "digital tokens" what is the importance of the name that we can give to their product? This product will be their national currency. What it will be with bitcoin if this example expanded in all the world? And if every (or most) of those ban bitcoin to protect their new digital based currency?
October 12, 2015, 06:56:02 AM
Governments creating their own digital currency is no different than printing fiat bullshit.
yes, is something like "lets change the toy to play with and let's continue with our scam..." i hope that this time people change his mind and start to understand what are they trying to do, again...
Thanks for your comment.
If the situation would be verified it will be not the people which will decide. There were be the Authorities of the country those who take and execute such kind of decision. And the people will be obligated to use this kind of currency because it will be the national currency in that country. The people will be paid in that currency, the merchants will use that currency etc. And if bitcoin will be banned their cannot use it more even if they will want to replace the national currency with the bitcoin.
What it will be with the future of bitcoin in such situation? What if something like that can be verified in every country or in the most of those? These are the questions that needed to be discussed.
October 12, 2015, 06:41:22 AM
Governments creating their own digital currency is no different than printing fiat bullshit.
yes, is something like "lets change the toy to play with and let's continue with our scam..." i hope that this time people change his mind and start to understand what are they trying to do, again...
October 12, 2015, 06:18:47 AM
I think from my observations that the best innovation will come from either Netherlands or Spain, both countries got tons of active posts on the forum.
However in terms of users, I think more like: Indonesia, India and Russia.
However in terms of users, I think more like: Indonesia, India and Russia.
Thanks for the intervention. Can you give thoughts about the future of bitcoin if some or every country adapt as a their currency a digital coin based currency?
October 12, 2015, 05:40:19 AM
I think from my observations that the best innovation will come from either Netherlands or Spain, both countries got tons of active posts on the forum.
However in terms of users, I think more like: Indonesia, India and Russia.
However in terms of users, I think more like: Indonesia, India and Russia.
October 11, 2015, 05:00:39 PM
Governments creating their own digital currency is no different than printing fiat bullshit.
October 11, 2015, 04:46:13 PM
I think bitcoin will remain popular because bitcoin decentralized and are not bound by any country
October 11, 2015, 12:46:34 PM
Let them create their own cryptocurrency, it will be experiment for implement blockchain technology to governments 
i think it will not be effect to bitcoin, even if it's open in market.
i think it will not be effect to bitcoin, even if it's open in market. 
October 11, 2015, 12:11:14 PM
Cryptocurrency created by government is bullshit, it'll be centralized & not anonymous, people can't see it's blockchain or mine it 
They can't control bitcoin, so they trying to make something similar & better to compete against bitcoin
Bitcoin is accepted everywhere, but government's fiat & cryptocurrency aren't
I'm sure government's cryptocurrency will fail
They can't control bitcoin, so they trying to make something similar & better to compete against bitcoin
Bitcoin is accepted everywhere, but government's fiat & cryptocurrency aren't
I'm sure government's cryptocurrency will fail
This is true, the governments try to make some centralized cryptocurrency to control it and don't allow people to see the transaction details and so on, Bitcoin system don't allow them doing this, so they try to replace it with their own cryptocurrencies, but i also think this projects will fail because people love bitcoin as it's decentralized currency and offer the financial freedom for everyone
If a government make a new crypto-currency that would fail like how cloned alt coins have failed. Other than digitizing, no ther than meaning for a country specific crypto-currency. Bitcoin is like gold will act as a medium across fiats as well as if there is any government's new crypto-currency.
October 11, 2015, 11:25:28 AM
Cryptocurrency created by government is bullshit, it'll be centralized & not anonymous, people can't see it's blockchain or mine it
They can't control bitcoin, so they trying to make something similar & better to compete against bitcoin
Bitcoin is accepted everywhere, but government's fiat & cryptocurrency aren't
I'm sure government's cryptocurrency will fail
They can't control bitcoin, so they trying to make something similar & better to compete against bitcoin
Bitcoin is accepted everywhere, but government's fiat & cryptocurrency aren't
I'm sure government's cryptocurrency will fail
This is true, the governments try to make some centralized cryptocurrency to control it and don't allow people to see the transaction details and so on, Bitcoin system don't allow them doing this, so they try to replace it with their own cryptocurrencies, but i also think this projects will fail because people love bitcoin as it's decentralized currency and offer the financial freedom for everyone
October 11, 2015, 10:54:37 AM
I don't get it why other countries is trying to make their own cryptocurrency
Bitcoin is universal and accepted everywhere unlike fiat which you need to change to other currency in order to use it on other country
)
Leave crypto currency alone,we already have hundreds of crypto currencies
Bitcoin is universal and accepted everywhere unlike fiat which you need to change to other currency in order to use it on other country
)Leave crypto currency alone,we already have hundreds of crypto currencies
Same reason why people try to make their own alt coin. They want more control over the situation than the bitcoin would give them i guess.
Then there's no way they will be big as bitcoin does
One of the reason why some people choose bitcoin compared to fiat is because Bitcoin is completely anonymous and decentralized
Just my 2 cents
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