Topic: Is bitcoin a theat to economy and bankers as will - page 2. (Read 491 times)
Yes the government has afraid to accept the bitcoin due its tremendous growth. Not that only the reason if it enters in to the country it will dominate the local fiat. And the wconomically the country would affect due to tax problem. People are forget to use local fiat and no one invest in the bank. Because compare to bank benefits will be more in bitcoin. But at the same time many countries now accept bitcoin for their economic growth.
This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.
bitcoin the absence of a relationship with bankers for price increases or price reductions and bankers also can not do anything about it.
I think so, many media who preach "Crash" Bitcoin So Threat Year 2018. even Deutsche Bank said, bitcoin virtual currency can be one threat to financial markets in 2018. The German bank to compile a list of 30 biggest risks for the market in 2018.
https://ekonomi.kompas.com/read/2017/12/11/103600826/deutsche-bank--crash-bitcoin-jadi-ancaman-tahun-2018
https://ekonomi.kompas.com/read/2017/12/11/103600826/deutsche-bank--crash-bitcoin-jadi-ancaman-tahun-2018
Then due to bitcoin is decentralized the government has nothing to do with this that's the reason for banning bitcoin in some countries.
There aren't that many countries where Bitcoin is actually banned. People in most cases think it has been banned because of how the mainstream media brings their news, but it's not like that. The main point of importance is that to prohibit people from buying Bitcoin, the authorities only have to make sure that they can't legally buy and sell when fiat is involved, and that's exactly what they did. Additionally, they can attack the centralized environment making it possible to exchange crypto currencies, and that's also what's happening. In other words, you can technically trade items for Bitcoin without breaking the law, which is good to know.
Of course it is a threat to the economy and bankers. Why do you think they keep on attacking bitcoin? Because many people are no longer relying on banks. And the fact that they think banks are corrupted will make them leave and focus on the blockchain. On the other hand, these governments are banning bitcoin. But some countries are helping it, not to mention that Media is manipulating the public by spreading rumors about bitcoin.
Exactly, in short, bitcoin may the one who big competitor in the bankers soon near in the future. They want to manipulate it because they want to control the money people who are they having poverty on bitcoin. They want to pay tax people who have bitcoin.Then due to bitcoin is decentralized the government has nothing to do with this that's the reason for banning bitcoin in some countries.
Of course it is a threat to the economy and bankers. Why do you think they keep on attacking bitcoin? Because many people are no longer relying on banks. And the fact that they think banks are corrupted will make them leave and focus on the blockchain. On the other hand, these governments are banning bitcoin. But some countries are helping it, not to mention that Media is manipulating the public by spreading rumors about bitcoin.
My government decide to ban bitcoin because it can damage my local currency flow and for money laundry attempt that my government really against with
But every government have their own policy in order to protect people from bad things.
For who legalize bitcoin doesn't mean that they are not against bitcoin, but they see bitcoin in different side.
Yeah,some countries are seeing bitcoin from the different angle which can be beneficial for the citizens not the bakers or the big whales.Because decentralization will kill the banking system soon.So many bank compromises the government officials and standing against crypto currencies.But my countries really doesn't take any action against crypto users,so hopefully they won't take steps against bitcoins in future.But every government have their own policy in order to protect people from bad things.
For who legalize bitcoin doesn't mean that they are not against bitcoin, but they see bitcoin in different side.
at the moment it is not a threat,but it as well could become one
look at Venezuella,for example-its economy in such a bad shape that the goverment had to prohibit the use of bitcoin
it can be righ for many economies that are weak and/or having a lot of grey schemes going on
that can use bitcoins as an alternative form of payment,circumventing the banking and monetary system and taxes
thus the stronger an economy is,the less impact there should be,but China can serve as an example of the opposite,they didn't ban it per se
but limited the operations with crypta for the banks and exchanges
look at Venezuella,for example-its economy in such a bad shape that the goverment had to prohibit the use of bitcoin
it can be righ for many economies that are weak and/or having a lot of grey schemes going on
that can use bitcoins as an alternative form of payment,circumventing the banking and monetary system and taxes
thus the stronger an economy is,the less impact there should be,but China can serve as an example of the opposite,they didn't ban it per se
but limited the operations with crypta for the banks and exchanges
This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.
can be spelled out like that, because the price can be manipulated though it should be in big quota-beesaran, and only the big investors can do it. Cryptocurrency aims to create a decentralized monetary system (Unbound, not monopolized by one party). Based on this, the purpose of cryptocurrency itself (if successful) replaces the role of banks in carrying out transactions and payments then the banking will lose customers, fee-based income, and sources of funds that they can take advantage of earlier, Maybe that's one reason why not all countries give go signals for bitcoin
People think that banks will lose out, but that's not the case; just as much as we benefit from all developments related to crypto, banks can as well.
If we look at the global interest of banks in crypto as a whole, mainly due to how exchanges are generating hundreds of millions in revenue every year, and how their clients keep bugging them to start getting involved in crypto, it's just a matter of time before banks start to compete with exchanges and wallet clients. It's the potential income they are after, and that's something they will try to obtain at all cost, that's a certainty right there.
In a way, banks shutting down accounts of clients and exchanges makes sense as well if you think a bit further; it could be seen as very early signs of them trying to get rid of competition, where at a later point when the regulations allow them to enter, they will and start dominating this market. Crypto will force banks to change and to adapt, but not to get rid of them, and we don't need to get rid of them; banks do their thing, we do our thing, it's that simple.
This is normal by government and government eligible to provide strict supervision of the development of cryptocurrency. Cryptocurrency is not just a payment system but more than that cryptocurrency can make their national money forfeited because people choose to use cryptocurrency. So they will consider more to approve the spread of cryptocurrency in their country. Adopting cryptocurrency for the government will only make a loss so they will continue to fight against any form of cryptocurrency.
This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.
Cryptocurrency aims to create a decentralized monetary system (Unbound, not monopolized by one party). Based on this, the purpose of cryptocurrency itself (if successful) replaces the role of banks in carrying out transactions and payments then the banking will lose customers, fee-based income, and sources of funds that they can take advantage of earlier, Maybe that's one reason why not all countries give go signals for bitcoin
Although many countries are trying to inhibit the growth of bitcoin currencies, but I do not think it has much effect on bitcoin in its development every year, and we can see bitcoin success with bitcoin prices today.
we can say yes, but until now it still questions, but if I ask in my opinion. it does not matter if a person uses a bitcoin means he earns money, and because the money that is being discussed may involve the bank, it can be said simply
Bitcoin never threatens anyone, the complete aim of cryptocurriences especially bitcoin is to grow the economy of each country and avoid third party transactions and have peer to peer transactions with blockchains supportive system. It have enriched many lives in this community. I am sure even the new ones here would accept this fact.
we can say yes, but until now it still questions, but if I ask in my opinion. it does not matter if a person uses a bitcoin means he earns money, and because the money that is being discussed may involve the bank, it can be said simply
Bitcoin and crypto currency generally poses a certain threat only for economies that are closed from the rest of the world. These are basically states with an authoritarian form of government, where the rights of citizens are infringed. Therefore, for example, the statements of Russian politicians are the same, but in practice there is an actual restriction and prohibition of the crypto currency. If now the Supreme Court of Russia decides whether to ban the crypto-exchange forum bitcoininfo. ru, which simply gives citizens the knowledge of Russia about the crypto currency, then the Russian government is afraid of spreading such knowledge among the population, and accordingly, in the future will prohibit its circulation. This is evidence of an authoritarian (not popular) form of government, where the rights of citizens are infringed at every step. It is to such countries that crypto currency is dangerous.
This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.
There are a lot of things to consider when legalising a something that cannot be regulated by the government. Have you heard of the 'silk road case' wherein people used bitcoin as a gateway under the dark web for acquiring illegal goods? Due to bitcoin's decentralised nature, anonymity in transactions is inherent. The government fears that it might be abused and gradually contribute to their criminal rate.
As for the economic aspect, personally I see it as boon rather than a bane. I do not understand on why the government prohibits bitcoin when it can actually support individuals of all aspects in terms of acquiring alternative income.
For governments, Bitcoin has good and bad sides. But it needs to be regulated. If the government of some smaller country let few Bitcoin billionaires play with that country market it would all gone to hell. So Bitcoin and other cryptocurrencies will be implemented, but governments and the old system need to find a way to adopt it in their favor.
I don’t think that bankers see bitcoin as a threat but they are probably cautious of it because it is something unfamiliar to them. They must have noticed that their consumers have been using it and has been generating large amounts of revenue or income from it and they found it to be suspicious. For banks, large amounts of money without ‘solid proof’ is dangerous for them because they are wary of money laundering.
Some really sees this as a threat that is why a lot of people are getting rid of this cryptocurrency because some banks don't trust it so they don't trust this as well as they believe what the bank is saying, so for me it does not matter as we don't handle those minds and don't be affected too much with what others will think. You are right, many banks are misleading the people that cryptocurrency is cheaters but many people are not understanding one thing that banks are stealing our money without intimation to us, Banks are misleading the people not to invest in cryptocurrency by blocking their cards.
Anything disruptive to the existing government establishments and institutions will always pose a threat to the said entities and that is what bitcoin and the blockchain in general is to them. Bitcoin is an attack on the power that central bankers currently hold over the way money and wealth is being manipulated all over the world. As it is bitcoin's aim to be a decentralized currency that is accessible to the masses, those in power will gradually feel themselves losing control over what was once their domain, the power to create value out of thin air. As for being an economic threat, bitcoin is just a tool among many economic tools out there. It's the way people perceive things in a capitalistic economy that dictates how the economy will perform. Those who know how to properly wield the information that they have will hold a big slice of the economic pie.
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