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Topic: Government+cryptocurrencies - page 2. (Read 951 times)

sr. member
Activity: 854
Merit: 264
Crypto is not a religion but i like it
August 14, 2020, 02:37:41 AM
I believe that cryptocurrencies should be used as money more often, not only for speculations. To successfully and sustainably launch cryptocurrency projects within society and the state, it is necessary to have a strong economy that is ready for a new principle of monetary circulation. If country have problems with the economy then people will use cryptocurrency to accumulate and make a profit and not just for the sake of paying as usual money. Think about it.
legendary
Activity: 1736
Merit: 1007
Degen in the Space
August 13, 2020, 05:32:24 PM
Stop relying on your government to do everything for you, stop looking for who to blame and start searching for what to do and coming up with new ideas on how you can succeed and create job opportunities for others in your community.

I don’t have time to be looking up to the government or waiting for them to do things for me or provide jobs, they can never provide or favor the whole citizens, so I stopped relying on them and created my own business. The government for sure, and if you enter there you’re 90% likely to be corrupted. I have seen who start out good and once they get into politics they start playing all those dirty games.
Agree on that, we should not always rely on the goverment and always make your own move for your own success. But sometimes, during a pandemic like this, relying on a government is very common because it is a difficult situation that no one can handle it by themselves. We are also paying taxes and we should make it sure that it will benefit the country and helps its citizen to grow.
sr. member
Activity: 1652
Merit: 299
August 13, 2020, 12:47:52 PM
Stop relying on your government to do everything for you, stop looking for who to blame and start searching for what to do and coming up with new ideas on how you can succeed and create job opportunities for others in your community.

I don’t have time to be looking up to the government or waiting for them to do things for me or provide jobs, they can never provide or favor the whole citizens, so I stopped relying on them and created my own business. The government for sure, and if you enter there you’re 90% likely to be corrupted. I have seen who start out good and once they get into politics they start playing all those dirty games.
full member
Activity: 896
Merit: 236
August 12, 2020, 01:36:07 PM
On my own opinion, i think the other government will not support cryptocurrencies because every country have their own currency and there's no law or policy about the use of these cryptos.
Right now we have information that many countries trying to bring their own cryptocurrency but its not easy for all as they have no relative technology and way for implementing this but few are trying to bring stablecoins or centralized coins for controling this all like China is also working on this but this all still long way to go on other hand no country want to allow their peoples to use this all as they cannot control this all and peoples will feel more freedom which is not good for any government.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
August 12, 2020, 01:32:40 PM
Countries with limited population as well as having good technology development have already begun to circulate their own cryptocurrency. I read about Switzerland and Korea having their own cryptocurrency. This isn't much into usage now, can expect increased usage in the near future. Another important thing is the taxation, it'll hard to tax every transaction which is also a reason for the delay of cryptocurrencies usage within the countries.

If they circulated their own crypto currency, I don't think that is a problem to them to levy a tax on it. You said it yourself, "their own crypto currency", meaning it is not a decentralized crypto, it is centralized. I don't know whether they are really using it right now or still in progress or in testing but if they did, I don't think there will be a problem.
Many countries are looking into the idea of creating their own cryptocurrency but what they are doing is contradictory in nature, after all this market began with bitcoin and its main aim is decentralization which means that those coins that are created with the intention of competing against bitcoin will really have no chance against it because those coins are still going to have all the defects that you would find in the fiat system, which means that the governments knowing that they cannot stop bitcoin have decided to try to deceive people again just like what they did with gold.
member
Activity: 868
Merit: 15
August 12, 2020, 01:24:50 PM
I think the governments of many countries will not support cryptocurrency because crypto is not under anyone's control and the government has not received any tax from now on they will not give legitimacy. Cryptocurrency is a digital currency which is not made by any government or central bank. It has to be created using the algorithms of cryptography through complex computer programming. And it can only be sold online this digital currency is created in accordance with the technology of cryptography.
member
Activity: 308
Merit: 12
August 12, 2020, 07:03:49 AM
On my own opinion, i think the other government will not support cryptocurrencies because every country have their own currency and there's no law or policy about the use of these cryptos.
legendary
Activity: 1820
Merit: 1303
August 12, 2020, 06:29:03 AM
I don't know if government+cryptocurrencies are good together, certely if they want obstacle the growing of the crypto they can. It's better have the government from our side but it goes again the decentralization !
sr. member
Activity: 1638
Merit: 300
August 11, 2020, 09:41:23 AM
Countries with limited population as well as having good technology development have already begun to circulate their own cryptocurrency. I read about Switzerland and Korea having their own cryptocurrency. This isn't much into usage now, can expect increased usage in the near future. Another important thing is the taxation, it'll hard to tax every transaction which is also a reason for the delay of cryptocurrencies usage within the countries.

If they circulated their own crypto currency, I don't think that is a problem to them to levy a tax on it. You said it yourself, "their own crypto currency", meaning it is not a decentralized crypto, it is centralized. I don't know whether they are really using it right now or still in progress or in testing but if they did, I don't think there will be a problem.
sr. member
Activity: 1246
Merit: 255
Leading Crypto Sports Betting & Casino Platform
August 08, 2020, 09:59:37 PM
for me the government will only interfere in the field of crypto currency, because the government tends to control and regulate the economy with the aim of not harming the government's finances itself,

We know that crypto has a decentralist nature, it cannot be controlled by a person or group of people, while the government tends to be the opposite.

   It's how you said it Shreek! These two are contradictory, and people will have to choose what will they use, if there's a choice,
governments can find a way to force people to use their crypto-currency!
   We will have to choose will we obey to their rules, or we will follow a decentralized way of thinking. I am for decentralization,
but that means that we will have to make some big changes in this world.

And if that is the case the governemnt will be choosing to ban crypto currencies on the country. They can't afford people using decentralized crypto currencies unless they are already taxing it(don't know how will they do that though). It would be an alternative to fiat/crypto that the government would issue but I think this is still far from us.
Countries with limited population as well as having good technology development have already begun to circulate their own cryptocurrency. I read about Switzerland and Korea having their own cryptocurrency. This isn't much into usage now, can expect increased usage in the near future. Another important thing is the taxation, it'll hard to tax every transaction which is also a reason for the delay of cryptocurrencies usage within the countries.
sr. member
Activity: 1638
Merit: 300
August 08, 2020, 07:28:59 PM
for me the government will only interfere in the field of crypto currency, because the government tends to control and regulate the economy with the aim of not harming the government's finances itself,

We know that crypto has a decentralist nature, it cannot be controlled by a person or group of people, while the government tends to be the opposite.

   It's how you said it Shreek! These two are contradictory, and people will have to choose what will they use, if there's a choice,
governments can find a way to force people to use their crypto-currency!
   We will have to choose will we obey to their rules, or we will follow a decentralized way of thinking. I am for decentralization,
but that means that we will have to make some big changes in this world.

And if that is the case the governemnt will be choosing to ban crypto currencies on the country. They can't afford people using decentralized crypto currencies unless they are already taxing it(don't know how will they do that though). It would be an alternative to fiat/crypto that the government would issue but I think this is still far from us.
sr. member
Activity: 1274
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
August 08, 2020, 06:09:52 PM
for me the government will only interfere in the field of crypto currency, because the government tends to control and regulate the economy with the aim of not harming the government's finances itself,

We know that crypto has a decentralist nature, it cannot be controlled by a person or group of people, while the government tends to be the opposite.

   It's how you said it Shreek! These two are contradictory, and people will have to choose what will they use, if there's a choice,
governments can find a way to force people to use their crypto-currency!
   We will have to choose will we obey to their rules, or we will follow a decentralized way of thinking. I am for decentralization,
but that means that we will have to make some big changes in this world.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
August 07, 2020, 01:24:16 PM
snip

I do think the solution to collapsing economic situation in every country might be cryptocurrencies. But that would also need full support of the government and the banks , this is not the situation when they can continue to fight over who is better , I do think they should move forward and coexist.  

snip

To make our economy stronger we need Government to give full support to cryptocurrencies

Please share your thoughts~
Governments are never going to give up their power willingly that is a lesson that we have learned from history, citizens for the most part need to take this power back with force, but thanks to bitcoin this is not necessary, we need people to begin to use bitcoin regardless of the regulations or the bans from the governments and this is only going to happen when a crisis big enough hit us, then and only then when the government is fully defeated and they cannot forbid their population to use bitcoin they will accept cryptocurrencies without any condition, but that does not mean that the war will be won, because as soon as things go back to some sense of normality governments will try to go against cryptocurrencies again.
full member
Activity: 476
Merit: 112
IDENA.IO - Proof-Of-Person Blockchain
August 07, 2020, 11:02:38 AM
for me the government will only interfere in the field of crypto currency, because the government tends to control and regulate the economy with the aim of not harming the government's finances itself,

We know that crypto has a decentralist nature, it cannot be controlled by a person or group of people, while the government tends to be the opposite.
full member
Activity: 1093
Merit: 103
August 07, 2020, 08:22:38 AM
Depend who will be the government in your country, I think if some one know with bitcoin will be interested for adopting bitcoin as legal currency payment transaction. But if your country have government low knowledge with technology and digital currency will be not interested with bitcoin and altcoin as digital currency payment.
They will not use it since bitcoin and most crypto currency have a decentralized system. The governement will prefer to adopt some coin which has centralized system like XRP and etc because they know the risk that will be faced.

As for payment system, I think it is up to them to legalized or not since we just fine to use money fiat. Moreover if you aren't often to make payment system which deal in different country you still fine to use money fiat.

This is why many governement still reluctant to legilized crypto currency for payment system, it will be useless. So, I am very grateful my government adopt crypto currency as an investing only despite they try to banned it.
In recent years, there have been very large rates of increase in inflation in each country. due to the next economic crisis, the government again begins to actively print money supply, which of course has a very bad effect on the welfare of citizens. Nevertheless, it is this situation that is one of those factors that positively affect the attraction of investment funds for cryptocurrency, as well as the introduction of cryptocurrencies into a person's daily life. I believe that no government will be able to resist the worldwide trend of cryptocurrency adoption.
newbie
Activity: 1
Merit: 0
August 07, 2020, 07:38:19 AM
Many governments do not yet support the idea of cryptocurrencies, my country does not escape this reality but despite everything i am already using cryptocurrencies, i discovered a very good  that has helped me a lot. the platform is MintMe, this platform has allowed me to make donations, start my entrepreneurship and monetize it through tokens. It is really fantastic this platform, offers many tools.
full member
Activity: 1330
Merit: 147
August 07, 2020, 03:41:05 AM
Depend who will be the government in your country, I think if some one know with bitcoin will be interested for adopting bitcoin as legal currency payment transaction. But if your country have government low knowledge with technology and digital currency will be not interested with bitcoin and altcoin as digital currency payment.
They will not use it since bitcoin and most crypto currency have a decentralized system. The governement will prefer to adopt some coin which has centralized system like XRP and etc because they know the risk that will be faced.

As for payment system, I think it is up to them to legalized or not since we just fine to use money fiat. Moreover if you aren't often to make payment system which deal in different country you still fine to use money fiat.

This is why many governement still reluctant to legilized crypto currency for payment system, it will be useless. So, I am very grateful my government adopt crypto currency as an investing only despite they try to banned it.
hero member
Activity: 3038
Merit: 634
August 07, 2020, 03:13:59 AM
Regarding cryptocurrency that can save a country's economy, in my opinion, it might come true. Imagine the country
legalize crypto for investment or even as payment tools. Surely many residents can improve their economy when prices
cryptocurrency goes up. In contrast to countries where the government banned crypto and only allowed its residents
investing and making transactions in fiat currency only. There is an economy whose population is decreasing due to inflation.
Saving its residents but not entirely the economy. If you watch bitcoin documentaries about bitcoin on YouTube and with the interviewees from Venezuela, it helps them ever before this pandemic.

Their country is in hyper inflation and residents who have knowledge about mining bitcoin and investing in bitcoin, do it. And as they do, that helped them to survive despite the hyper inflation that their economy is experiencing.
sr. member
Activity: 1638
Merit: 300
August 06, 2020, 08:20:05 AM
If government will accept cryptocurrency and give freedom to the people to use it ,i think  many people will buy and invest in bitcoi. Also it be a temporarry solution in our current siruation now.

What current situation? The pandemic? Don't forget that there are a lot of methods or ways to transact your payments like mobile apps and digital wallets not just crypto currencies. Another thing is that the government won't just accept bitcoin or other cryptos unless they are centralized and controlled by them.
full member
Activity: 868
Merit: 151
August 06, 2020, 08:08:04 AM
Regarding cryptocurrency that can save a country's economy, in my opinion, it might come true. Imagine the country
legalize crypto for investment or even as payment tools. Surely many residents can improve their economy when prices
cryptocurrency goes up. In contrast to countries where the government banned crypto and only allowed its residents
investing and making transactions in fiat currency only. There is an economy whose population is decreasing due to inflation.

Government should legalize and try to make every effort so that they can ensure that people are benefited with it. It has many advantages as well and many people form it can start their different business or use as a payment option for their business. Transaction are so fast and cheap which can save lot of time and money as well as compared to regular way in which money is transferred form bank from one country to another. Pole can just invest like share market and can make profits as well from it.
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