Is bitcoin a theat to economy and bankers as will - page 4.

earl07

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Quote from: Tigorss on February 20, 2018, 03:17:48 AM

BitCoin seems to be designed as a weapon aimed at destroying central banks and money-issuing banks, with Libertarian political agenda in mind-to undermine the country's ability to collect taxes and monitor the financial transactions of its citizens.

IMO,i think it is not typically the reason why bitcoin has made.Bitcoins purpose is not to destroy banks,maybe blockchain technology and etc. is the reason why the banks are being threatened and afraid of losing their revenues

Bitcoin is not a threat to the economy,infact it helps the economy into their financial matter.

Tigorss

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BitCoin seems to be designed as a weapon aimed at destroying central banks and money-issuing banks, with Libertarian political agenda in mind-to undermine the country's ability to collect taxes and monitor the financial transactions of its citizens.

KuyaBreezy

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Bitcoin doesn't pose a threat to either the economy or the bankers. all it does is eliminate unnecessary intermediaries and regulations during transaction to make it faster and cheaper, to me that's an economy builder. its use however takes away the central governments ability to collect taxes,which may make it impossible for checks and balances,

The main threat for bankers on the other hand is the Blockchain technology which when modified to suit the banking sector will increase transaction speed, security and accuracy. Bankers incompetence may be replaced by this technology and that's what they need to worry about. Not BTC

marielbeckham

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It is not considered to be the immense threat otherway it would have been already shut down somehow.

Guapongbadoy

newbie

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Quote from: Ruben1 on January 20, 2018, 08:58:51 AM

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 is a big truth with this as we all know that the growth economy system of a nation is always due to the taxes demand. And because bitcoin is not under the government law and its circulation is through the enternet and aside from this, it offers a big profit to all who are investing it then it will totally affect the economy. And also the bank will surely experience a decreasing numbers of investors if this people know about bitcoin. Because in bitcoin money is not sleeping unlike the bank.

Pusarbumi

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Quote from: stomachgrowls on January 20, 2018, 03:15:55 PM

Quote from: btc-facebook on January 20, 2018, 10:48:59 AM

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.

In short this thing do really signifies that each country do have different system of government. Decisions would be made on a particular thing specially on bitcoin would really be also different. Some may adopt or consider but most of them will surely ban or prohibit by the use of it because views and opinions would really vary depending on their countries situation or status when it comes to circulation of funds.

If a country that is still developing better apply the rules of liberating its citizens to entrepreneurship anywhere. and follow the example of a developed country in creating new examples of digital currency "BITCOIN" so that the economy of its citizens / country will increase. will become an independent country.

stomachgrowls

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Quote from: btc-facebook on January 20, 2018, 10:48:59 AM

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.

In short this thing do really signifies that each country do have different system of government. Decisions would be made on a particular thing specially on bitcoin would really be also different. Some may adopt or consider but most of them will surely ban or prohibit by the use of it because views and opinions would really vary depending on their countries situation or status when it comes to circulation of funds.

Alone055

full member

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Slow down the growth? A currency relating to no country, having no institutional back up, no basic users database, have reached $20k in 9 years, and we still say its growth is slow. The countries working against bitcoin are actually the reason why bitcoin is spreading more. The citizens of a country don't always do what their governments do, but almost a very large percentage of people do the opposite of what the regulators do. So if a country tries to do something against bitcoin, the people around will come towards bitcoin and that is for the good of the currency.

Thanasis

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Quote from: btc-facebook on January 20, 2018, 10:48:59 AM

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.

btc-facebook

legendary

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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.

HENKHENKHENK

newbie

Activity: 6

Merit: 0

I don't think its a threat to bankers, as I am one myself. CC are a threat for the position of the Government as parties who print and give out money. Euro or USD isn't really backed anymore, the rely on trust. With no trust in USD/EUR the system will fall apart. Cryptocurrencies could form an alternative for those fiat currency in a far future as everyone can create a currency which isn't ruled by a single institution. Don't see it happening so fast but for it's the main reason why I hold cryptocurrencies.

Lancusters

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All governments are in the pay of the bankers. The economies of all countries are built for the rich. Running this process the bankers. Of course they don't want to lose control over financial flows. They will do everything to destroy bitcoin. Now a lot of the allegations that led to bitcoin being used to Finance terrorism. It is a fake. No proof of this. I do not believe that bitcoin will be legalized.

Ruben1

newbie

Activity: 33

Merit: 0

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.

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