Topic: Governments and banks are using you (Read 1806 times)
Bitcoin ecosystem might not be the best, since its required huge energy to keep stable, but be sure no other crypto coin, even if the countries make such, it wont reach bitcoin sucess, the big difference is bitcoin is decentralized, allowing the up and downs, wich is were a lot people is making money nowadays, there isnt any currencie in the world able to loose 20-30% its value and recover into the short time. Countries can make their centralized currencie, it will be the same way as they do with fiat, they will manipulate and act into the market if the limits are reached, soo for sure people arent interested into such, and crypto will become best option for any investor.
Bitcoin is a freedom of transaction that uses crypto. Of course this does not have kaitanya with the government or the bank. the bank is just a tool where we can transfer the bitcoin we have. And could someday the government will work with banks to create crypto for its customers. If this really happened then there is no freedom gained by customers like in bitcoin. And I'm not sure that people will switch from bitcoin, and follow the crypto made by the government. Maybe only a few people will use it.
People are found of bitcoins just because they provide complete freedom to the users and they have a full liberty of spending their money the way they want to without paying heavy taxes. Yeah! Even if the banks and governments create their own crypto currencies, no one is going to use them. Everyone that is currently "investing" in BTC and other cryptos are the "crash test dummies" of the future.
Most major banks and many large/wealthy governments are coming up with their own cryptocurrencies.
Why have these entities not released them yet? Because they are watching, waiting, and learning from all of the mistakes that other cryptos are making.
High fees.
Slow transactions.
Volatility.
Insecurity of wallets and exchanges.
Public distrust.
Reactions to media attention.
Criminality/money laundering.
Backed by fiat currency.
Lack of patent.
And on and on.
I've been reading this forum for days and I don't see this big picture addressed except in rare cases. Almost everyone making predictions truly believes that BTC will be around for 50-100 years let alone 2-3. Every day that goes by is just one more day that forces and entities with far bigger market caps than $100 billion are learning from all of the mistakes and problems plaguing the existing paradigm.
If one is to make a wise investment, they need to be aware of how quickly these markets can change...and literally overnight. I don't expect much from the fanatics other than irrational reasons why my train of thought is flawed, but I do hope I see some of those individuals that are usually silent come out of the woodwork to offer solutions. In other words, BTC can only survive if its community takes a mostly pragmatic point of view. Otherwise it is doomed to be raped and discarded in a way that will leave most reliving their failure to act like that will leave permanent emotional scars like that of PTSD.
Everyone that is currently "investing" in BTC and other cryptos are the "crash test dummies" of the future.
Most major banks and many large/wealthy governments are coming up with their own cryptocurrencies.
Why have these entities not released them yet? Because they are watching, waiting, and learning from all of the mistakes that other cryptos are making.
I've been reading this forum for days and I don't see this big picture addressed except in rare cases. Almost everyone making predictions truly believes that BTC will be around for 50-100 years let alone 2-3. Every day that goes by is just one more day that forces and entities with far bigger market caps than $100 billion are learning from all of the mistakes and problems plaguing the existing paradigm.
You might be right, but how long the goverments experiments will end? every moment bitcoin is always developi. It's not like an app in a playstore, if there's a bug, you just need to report it. and what if the goverments already have a perfect resipe for their own crypto currency, do you think people will leaving bitcoin, and going for new crypto soon?. Well that's even also need a process, and it's not quick time.
Everyone that is currently "investing" in BTC and other cryptos are the "crash test dummies" of the future.
Most major banks and many large/wealthy governments are coming up with their own cryptocurrencies.
Why have these entities not released them yet? Because they are watching, waiting, and learning from all of the mistakes that other cryptos are making.
High fees.
Slow transactions.
Volatility.
Insecurity of wallets and exchanges.
Public distrust.
Reactions to media attention.
Criminality/money laundering.
Backed by fiat currency.
Lack of patent.
And on and on.
I've been reading this forum for days and I don't see this big picture addressed except in rare cases. Almost everyone making predictions truly believes that BTC will be around for 50-100 years let alone 2-3. Every day that goes by is just one more day that forces and entities with far bigger market caps than $100 billion are learning from all of the mistakes and problems plaguing the existing paradigm.
If one is to make a wise investment, they need to be aware of how quickly these markets can change...and literally overnight. I don't expect much from the fanatics other than irrational reasons why my train of thought is flawed, but I do hope I see some of those individuals that are usually silent come out of the woodwork to offer solutions. In other words, BTC can only survive if its community takes a mostly pragmatic point of view. Otherwise it is doomed to be raped and discarded in a way that will leave most reliving their failure to act like that will leave permanent emotional scars like that of PTSD.
You have made a nice observation but at the same time if government comes with their own currency has you have proposed, it then mean that they have equally seen an opportunity in the crypto currency and have equally know that the future is about digitalisation and at the same time know that its either they fall in into that future or wish out. Dont also forget that if they come up with their own crypto currency then that will bring out their hypocrisy after they had claimed severally that crypto is a ponzi scheme and alot of people will see beyond that cover up of theirs.
Everyone that is currently "investing" in BTC and other cryptos are the "crash test dummies" of the future.
Most major banks and many large/wealthy governments are coming up with their own cryptocurrencies.
Why have these entities not released them yet? Because they are watching, waiting, and learning from all of the mistakes that other cryptos are making.
High fees.
Slow transactions.
Volatility.
Insecurity of wallets and exchanges.
Public distrust.
Reactions to media attention.
Criminality/money laundering.
Backed by fiat currency.
Lack of patent.
And on and on.
I've been reading this forum for days and I don't see this big picture addressed except in rare cases. Almost everyone making predictions truly believes that BTC will be around for 50-100 years let alone 2-3. Every day that goes by is just one more day that forces and entities with far bigger market caps than $100 billion are learning from all of the mistakes and problems plaguing the existing paradigm.
If one is to make a wise investment, they need to be aware of how quickly these markets can change...and literally overnight. I don't expect much from the fanatics other than irrational reasons why my train of thought is flawed, but I do hope I see some of those individuals that are usually silent come out of the woodwork to offer solutions. In other words, BTC can only survive if its community takes a mostly pragmatic point of view. Otherwise it is doomed to be raped and discarded in a way that will leave most reliving their failure to act like that will leave permanent emotional scars like that of PTSD.
You have made a nice observation but at the same time if government comes with their own currency has you have proposed, it then mean that they have equally seen an opportunity in the crypto currency and have equally know that the future is about digitalisation and at the same time know that its either they fall in into that future or wish out. Dont also forget that if they come up with their own crypto currency then that will bring out their hypocrisy after they had claimed severally that crypto is a ponzi scheme and alot of people will see beyond that cover up of theirs.
Government and banks always tried to bring down this decentralize network because they don't have any control over that. It seems that government and banks have failed to convince the people to not use cryptocurrencies. They are now trying to make another centralized cryptocurrency and will convince people to use them by offering better services.
it is time for banks to provide a guarantee of confidentiality of data from customers, it is no secret that bank customers get unfavorable treatment because their data are often sold for vague interests.
Governments and banks were using each and every one's earnings directly or indirectly, at the same time there are governments and banks that are serving the people and making them grow financially and in terms of technology. This gives the government a combined growth along with the people who are into it.
Truly said! “Using” will not be an appropriate word to use. Thing is that we are dependent on our Government and banks, so are they. I think we both are using each other for our own interests and benefits. We cannot blame our Government that they are using our money and resources.Ofcourse they are not using us, rather we are using them. There are various Public Sector Banks which provides enough Interest and Charges low fees, resulting in gains as well as they are providing sufficient services. So I agree its unfair to say that just they are using us.
Bitcoin is still free from the influence of banks and government, as decentralization is applied. And in the future this trend will continue, so there is no cause for concern.
Bitcoins are not controlled by any bank or government yet. People are that’s why loving to invest into bitcoins. Bitcoins’ decentralized nature has provided all of us a relief from the banks and cruel governments and I want bitcoins to remain decentralized forever otherwise they won’t be able to survive. 
Governments and banks were using each and every one's earnings directly or indirectly, at the same time there are governments and banks that are serving the people and making them grow financially and in terms of technology. This gives the government a combined growth along with the people who are into it.
Truly said! “Using” will not be an appropriate word to use. Thing is that we are dependent on our Government and banks, so are they. I think we both are using each other for our own interests and benefits. We cannot blame our Government that they are using our money and resources.
Bitcoin is still free from the influence of banks and government, as decentralization is applied. And in the future this trend will continue, so there is no cause for concern.
Your opinion is totally wrong, the goverment at my country banned bitcoin not using us at " dummy" like you said. Bitcoin is a crypto currency made by POW . No goverment or bank in the world can create bitcoin .
Even the banks alone are using us. When we decided to make a savings account on banks then the savings or the money that we are going to put in the banks will be used for the investment opportunities that they see and they will not tell us that because their strategy is to encourage more and more people to use their service so they will have more profits because of the bigger capital.
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governments and banks is already using us but with bitcoin, they don't control us, they can only watching our bank account is increase because we exchange our bitcoin into money. maybe in some day governments and banks will create their own currency for online and hope that people using that currency while they can watching their member make transaction but i don't think that people which in bitcoin industry will use this as i know some of us don't like their account to be watched by anybody.
until now, community of crypto currencies still giving a big support for the coins and they make sure that crypto currencies will stay for a long time and we are see that the new era is come to us and many people is interesting too like us. if people can open their eyes and their mind that if new technology come to them, they use it, i think they will get many benefits from that technology. and maybe they thinking that bitcoin can give freedom to them to manage their own money and governments and banks can not interfere with their private account.
until now, community of crypto currencies still giving a big support for the coins and they make sure that crypto currencies will stay for a long time and we are see that the new era is come to us and many people is interesting too like us. if people can open their eyes and their mind that if new technology come to them, they use it, i think they will get many benefits from that technology. and maybe they thinking that bitcoin can give freedom to them to manage their own money and governments and banks can not interfere with their private account.
Anybody who has invested in crypto during the last couple of years will know that the market can move overnight. It is okay if banks and governments learn from the problems faced by Bitcoin. They will not be able to introduce a coin with Bitcoin's biggest advantage - decentralization.
i agree bank can issue a coin but it will not decentralized they are not watching if they can make it they already made it
bitcoin is already more than 8 years and still a lot of room to grow
when i start in bitcoin i also think that it will never last but until now bitcoin price keep growing
and it leave permanent emotional scars in me because i didint buy a lot when the price is still low
That's true, all banks are centralized which is nothing difference in the system of the government. which means they are same only the banks and the government, That's why thanks into bitcoin due to it is decentralized.
Time to dumb it down for the stupid OP.
High fees.
LOL. How much does a wire transfer cost? Could you explain to me how bitcoin transactions cost more?
Slow transactions.
I though instant was fast. Where you dropped as a baby? Confirming a transaction does not equal performing a transaction. Next!
Volatility.
If you have solved volatility in the early days you have created a central bank, and therefore you have created yet another worthless shitcoin.
Insecurity of wallets and exchanges.
My paper wallet are very secure. If they aren't you're welcome to hack them. Come on, go ahead and prove your point. Exchanges? Don't use them wouldn't know.
Public distrust... created by governments and central banks. LOL. Need I say more? Public distrust came with this bat-shit scary thing called an 'automobile'. Somehow horses aren't the #1 way to travel anymore though. Weird.
Reactions to media attention.
Huh? My reaction is usually "they called a bitcoin address an account. They obviously whipped this up in 10 minutes with 0 research. Idiots"
Criminality/money laundering.
Bitcoin is officially the first currency to be used for crime folks. We're all terrorists and drug dealers here, right? Oh no wait I have a job and have never done drugs. Huh. Anything else left to debunk?
Backed by fiat currency.
You can't back something with something that doesn't technically exist. What is my piece of paper worth? Nothing. What is a piece of paper that the government has printed on worth? $20, or $100. Depends whose picture they decide to print on this batch. Is that something that sounds logical to you? Sheep.
Lack of patent.
Open source. Who patented email? Good luck with that.
Shitty troll OP. Try harder.
High fees.
LOL. How much does a wire transfer cost? Could you explain to me how bitcoin transactions cost more?
Slow transactions.
I though instant was fast. Where you dropped as a baby? Confirming a transaction does not equal performing a transaction. Next!
Volatility.
If you have solved volatility in the early days you have created a central bank, and therefore you have created yet another worthless shitcoin.
Insecurity of wallets and exchanges.
My paper wallet are very secure. If they aren't you're welcome to hack them. Come on, go ahead and prove your point. Exchanges? Don't use them wouldn't know.
Public distrust... created by governments and central banks. LOL. Need I say more? Public distrust came with this bat-shit scary thing called an 'automobile'. Somehow horses aren't the #1 way to travel anymore though. Weird.
Reactions to media attention.
Huh? My reaction is usually "they called a bitcoin address an account. They obviously whipped this up in 10 minutes with 0 research. Idiots"
Criminality/money laundering.
Bitcoin is officially the first currency to be used for crime folks. We're all terrorists and drug dealers here, right? Oh no wait I have a job and have never done drugs. Huh. Anything else left to debunk?
Backed by fiat currency.
You can't back something with something that doesn't technically exist. What is my piece of paper worth? Nothing. What is a piece of paper that the government has printed on worth? $20, or $100. Depends whose picture they decide to print on this batch. Is that something that sounds logical to you? Sheep.
Lack of patent.
Open source. Who patented email? Good luck with that.
Shitty troll OP. Try harder.
Everyone that is currently "investing" in BTC and other cryptos are the "crash test dummies" of the future.
Most major banks and many large/wealthy governments are coming up with their own cryptocurrencies.
Why have these entities not released them yet? Because they are watching, waiting, and learning from all of the mistakes that other cryptos are making.
High fees.
Slow transactions.
Volatility.
Insecurity of wallets and exchanges.
Public distrust.
Reactions to media attention.
Criminality/money laundering.
Backed by fiat currency.
Lack of patent.
And on and on.
I've been reading this forum for days and I don't see this big picture addressed except in rare cases. Almost everyone making predictions truly believes that BTC will be around for 50-100 years let alone 2-3. Every day that goes by is just one more day that forces and entities with far bigger market caps than $100 billion are learning from all of the mistakes and problems plaguing the existing paradigm.
If one is to make a wise investment, they need to be aware of how quickly these markets can change...and literally overnight. I don't expect much from the fanatics other than irrational reasons why my train of thought is flawed, but I do hope I see some of those individuals that are usually silent come out of the woodwork to offer solutions. In other words, BTC can only survive if its community takes a mostly pragmatic point of view. Otherwise it is doomed to be raped and discarded in a way that will leave most reliving their failure to act like that will leave permanent emotional scars like that of PTSD.
There are many altcoins that aren't considered crash test dummies.
Obviously ETH has the ability to launch all of these different tokens and start new businesses. That is pretty amazing to me. ETH is more like a stock offering and a way for new innovation to raise capital.
Bitcoin is more of the store of value, cash, peer to peer transaction we want to use for everything else.
Everyone that is currently "investing" in BTC and other cryptos are the "crash test dummies" of the future.
Most major banks and many large/wealthy governments are coming up with their own cryptocurrencies.
Why have these entities not released them yet? Because they are watching, waiting, and learning from all of the mistakes that other cryptos are making.
High fees.
Slow transactions.
Volatility.
Insecurity of wallets and exchanges.
Public distrust.
Reactions to media attention.
Criminality/money laundering.
Backed by fiat currency.
Lack of patent.
And on and on.
I've been reading this forum for days and I don't see this big picture addressed except in rare cases. Almost everyone making predictions truly believes that BTC will be around for 50-100 years let alone 2-3. Every day that goes by is just one more day that forces and entities with far bigger market caps than $100 billion are learning from all of the mistakes and problems plaguing the existing paradigm.
If one is to make a wise investment, they need to be aware of how quickly these markets can change...and literally overnight. I don't expect much from the fanatics other than irrational reasons why my train of thought is flawed, but I do hope I see some of those individuals that are usually silent come out of the woodwork to offer solutions. In other words, BTC can only survive if its community takes a mostly pragmatic point of view. Otherwise it is doomed to be raped and discarded in a way that will leave most reliving their failure to act like that will leave permanent emotional scars like that of PTSD.
There is a big difference between a government cryptocurrency and an independent cryptocurrency. A government or bank controlled blockchain is a private ledger. The Bitcoin blockchain is a public ledger. I think this distinction is the key to the success of Bitcoin. It won't be controlled by a government or bank and all transactions are available in a public space. Nothing hidden or manipulated by a central authority.
I do agree that bitcoin has certain drawbacks and i agree that governments and banks have already adopted the block chain technology on seeing its excellent mechanism and they all are keenly watching bitcoin's performance.I too agree that they are trying to create their own crypto currencies and they are just waiting to learn more from the mistakes of bitcoin and problems which it faces.But even if they release their own coins,it would still miss a major feature of bitcoin,the decentralization.I don't think that people would like to once again go into the hands of government completely.They are already enjoying financial freedom with bitcoin and i don't think that they would deliberately once again do that.More over,bitcoin is not backed by fiat.Bitcoin is mostly driven by community support.It value increases with the increase in demand for it.So,crypto currencies if issued by governments and banks still would not get universal support.
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