Topic: governments vs altcoins - page 5. (Read 844 times)
Painful our current struggles is actually the aftermath of the game played the big guns in the game. Reason been that, an average crypto enthusiast is just a pawn in the chess game of the big players.
I think these are all games of rich people. After all, who owns the banks? Rich people! But rich people do not want to pay taxes. And bitcoin is one of the financial instruments to achieve this. So, anyway, some of the rich people will support bitcoin and alternative coins.
Well the government of course have its part in that stifle not only Altcoins and cryptocurrency in General the whole market,they have such a policy,to lead,and of course they want to regulate everything and just grebsti money,and more money,so they interfere with the projects normlano to develop their norms and law
Between the government and altcoin it does not have a point of accuracy or mutual support from one another because in addition to different systems the flow is not the same, so not all countries have agreed to the existence of cryptocurrency or altcoin, so crypto players must be able to stand alone to certain governments.
more and more here the government in my country about altcoins and other crypto continues to support this kind of technology. so there is no problem comparing this and also in my opinion in 2019 there has been a significant development in the government for the altcoin itself.
In many countries, the cryptocurrency is already accepted by the government and is normal. Unfortunately, this applies to a very small number of countries. Other countries and their government are not ready for such a step.
maybe now they are not ready, but I think they have now begun to prepare themselves. because of course those who have not managed blockchain and crypto technology already know the benefits of using this extraordinary technology. and I think all countries have now prepared it all. 
In many countries, the cryptocurrency is already accepted by the government and is normal. Unfortunately, this applies to a very small number of countries. Other countries and their government are not ready for such a step.
In 2018 cryptocurrency demand was choked.
No it didn't really choked but it's a usual bear market that has to pass through.As Bitcoin supply overwhelmed demand, the price of Bitcoin and other cryptos fell while the big players were quietly accumulating a position.
That's how real investors that sees nice market for a new emerging industry. They were just getting their position properly and don't have to broadcast it to the public that they've been accumulating because it's the right time to do it. Until now, you can see on the news that many of them are doing it. 
The problem people see on bitcoin and altcoins that governments will not like is the fact that bankers are always on the politicans ear and the bankers will do whatever they can to make sure crypto currencies will not put them out of business. However what you are missing out is the fact that maybe crypto will get so big that politicians will not have to listen to bankers anymore and can profit from crypto more than they can profit from banks?
Maybe some big crypto business people will decide to pay millions of dollars to politicians to keep them in their pocket instead of bankers one day? Justin Sun just paid close to 5 million dollars to Warren Buffet for a lunch. Think of him spending that on 435 american congress person? Thats about 11 thousand dollars each on bribes, EACH. Thats why I think it is time to consider crypto having some influence on politics soon.
Maybe some big crypto business people will decide to pay millions of dollars to politicians to keep them in their pocket instead of bankers one day? Justin Sun just paid close to 5 million dollars to Warren Buffet for a lunch. Think of him spending that on 435 american congress person? Thats about 11 thousand dollars each on bribes, EACH. Thats why I think it is time to consider crypto having some influence on politics soon.
@OP, I guess it would have been good if you tag your topic as "governments vs cryptocurrency," because you are talking about not just altcoins, but also bitcoin,
which connote cryptocurrency in general.
If government see crypto as a for, instead of a friend to the economy, it is just a pretence, because so many of those in this same government, utilize it for their own advantage. So we should be careful of being cajoled by them.
which connote cryptocurrency in general.
If government see crypto as a for, instead of a friend to the economy, it is just a pretence, because so many of those in this same government, utilize it for their own advantage. So we should be careful of being cajoled by them.
I think the governments' concern about altcoins is regarding scams, frauds, and money laundering. These are the primary concerns. The point you had stated is only secondary to these. Banking systems and cryptocurrency systems may exist side by side with exlcusive functions and overlapping functions.
Yes it is true that the government prioritizes it, but in my opinion the government policy is wrong if you have to ban the existence of bitcoin, even though bitcoin is also one of the businesses. The government should not ban but make rules, with the government banning bitcoin means the government is unable to overcome this problem.
Many countries out there prefer to use bitcoin instead of having to forbid it, banning bitcoin does not actually reduce crime but increase the number of violations, like in China, many people prefer to leave their country and live with bitcoin where bitcoin is legalized.
Government is gradually shifting it's attention from banning cryptocurrency, although most countries are still in the process of allowing the use of cryptocurrency in its region. Apart from the Indian government who have just taking another step in banning cryptocurrency but apparently this can't entirely happened as written in an article, that the ban will only increase the demands of privacy coins like monero
There are plenty of altcoins available in the market so in future every country may accept as their national currency.
It won't never happened. A country will never use decentralized coin because they can't set the system. Most likely, if a country has an interest to change their currency in cryptocurrency they will create itself. Look at the Venezuela, they create their own cryptocurrency and never intend to use bitcoin as payment system and the other altcoin. Altcoins, even Bitcoin is not fully anonymous. It’s semi-anonymous. And this is why if you control the gates and control the amounts of fiat currency swapped for cryptocurrencies you can track, from that point forward, the route the flow of value takes.
Make no mistake. Governments see cryptocurrencies as a coup d’état against the international banking system. And if you own or trade cryptocurrencies, you are viewed from the establishment’s point of view as taking something that is not yours to take — autonomous control of your wealth.
In 2018 cryptocurrency demand was choked. As Bitcoin supply overwhelmed demand, the price of Bitcoin and other cryptos fell while the big players were quietly accumulating a position.
Make no mistake. Governments see cryptocurrencies as a coup d’état against the international banking system. And if you own or trade cryptocurrencies, you are viewed from the establishment’s point of view as taking something that is not yours to take — autonomous control of your wealth.
In 2018 cryptocurrency demand was choked. As Bitcoin supply overwhelmed demand, the price of Bitcoin and other cryptos fell while the big players were quietly accumulating a position.
I think thats why many government still not allowing cryptocurrency use for payment in merchant. For some reason, government allowing bitcoin or cryptocurrency transaction because government could collect taxes from crypto market but i think in the future, government will allowing cryptocurrency use for payment in merchant
I think cryptocurrency is not a real threat to the existing banking system. Maybe someday can work together. Maybe it's just limiting the rules in each country, but to ban or stop the development of cryptocurrency, I think it's not easy. Bitcoin has proven to be an investment choice and has the potential for the future.
to my knowledge or precisely in my country that the government prohibits the presence of cryptoqurrency but that is not entirely, I mean cryptoqurrency has a good side for government banking and on the one hand cryptoqurrency is only permitted as an investment tool and nothing more than that.
More precisely, I feel that way and Crypto itself plays a major role in technology development which is still a big thing that not everyone knows about digital currency trading, this can have a negative impact on one's rights. Actually, I don't really know, but if we are not greedy or violating the law, it's not a problem, it's just that we still need to consider the issue of Crypto growth in each country.
to my knowledge or precisely in my country that the government prohibits the presence of cryptoqurrency but that is not entirely, I mean cryptoqurrency has a good side for government banking and on the one hand cryptoqurrency is only permitted as an investment tool and nothing more than that.
Altcoins, even Bitcoin is not fully anonymous. It’s semi-anonymous. And this is why if you control the gates and control the amounts of fiat currency swapped for cryptocurrencies you can track, from that point forward, the route the flow of value takes.
Make no mistake. Governments see cryptocurrencies as a coup d’état against the international banking system. And if you own or trade cryptocurrencies, you are viewed from the establishment’s point of view as taking something that is not yours to take — autonomous control of your wealth.
In 2018 cryptocurrency demand was choked. As Bitcoin supply overwhelmed demand, the price of Bitcoin and other cryptos fell while the big players were quietly accumulating a position.
you actually not making any point. We all know that nothing can be hidden and even some privacy coins like monero are not 100% anonymous. Cryptocurrency is a coup d'etat as you called it. Cryptocurrency is still in its infancy and still have a lot of development to encounter Make no mistake. Governments see cryptocurrencies as a coup d’état against the international banking system. And if you own or trade cryptocurrencies, you are viewed from the establishment’s point of view as taking something that is not yours to take — autonomous control of your wealth.
In 2018 cryptocurrency demand was choked. As Bitcoin supply overwhelmed demand, the price of Bitcoin and other cryptos fell while the big players were quietly accumulating a position.
in my opinion the government does not yet understand how to regulate crypto and it might threaten banks from money laundering done by irresponsible parties. but blockchain technology began to be implemented.
Altcoins are much needed to use in coming days, In future marketplace people are accept the crypto to utilize and blockchain system is the main source to use the data handling and etc.
There are plenty of altcoins available in the market so in future every country may accept as their national currency.
There are plenty of altcoins available in the market so in future every country may accept as their national currency.
The state will only use its blockchain. Otherwise it undermines its security.
And the national cryptocurrency has almost no advantages over traditional e-currency, except “transparency”
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