Is crypto politcs bad for the Blockchain industry?

Abiky

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Quote from: kamBlanV on March 15, 2019, 11:56:33 PM

Blockchain innovation never stops. crypto user needs are numerous and the public has great enthusiasm for crypto growth. I think crypto politics appears to create new markets that can satisfy the public. so. let crypto politics color every market activity. the point is the crypto world is never influenced by real politics or geopilitic politics.

Exactly. Blockchain will never stop bringing innovation to the mainstream world. While it's true that crypto politics can sometimes create a diversion between different projects, it's somewhat positive as it promotes competition. The more Blockchain-based projects emerge in the mainstream world, the better as it will help the technology mature in many ways that were never thought possible. Because if only one coin would've been the dominant Blockchain project in the world (like Bitcoin), then it would be of no use as it stops innovation.

Which is why, I believe that diversity is key towards helping the Blockchain industry grow over time. However, when things become fierce as a result of greed, that's where everything will come down to an end. Hopefully, Bitcoin will live alongside many altcoins for many years to come. What's important is that crypto stays apart from a central leader, since after all it was designed to be free from middleman in the first place. Just my thoughts Grin

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Blockchain innovation never stops. crypto user needs are numerous and the public has great enthusiasm for crypto growth. I think crypto politics appears to create new markets that can satisfy the public. so. let crypto politics color every market activity. the point is the crypto world is never influenced by real politics or geopilitic politics.

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Quote from: Baimovic on March 15, 2019, 04:31:04 PM

maybe it would have a good impact on crypto because it might make crypto more attractive to many people.
and differences of opinion are indeed a natural thing because it is impossible for all to be in the same direction.

That's true. However, when things become too fierce among competing factions, that's when everything can go wrong (like what happened with BCH and BSV). Despite this, differing opinions can part their ways without harming each other in a peaceful manner. Which means that if different projects with different opinions and beliefs, part their separate ways peacefully, things will be much better for the Blockchain industry.

What's important is to give a good impression to people out there in the mainstream world who've never used crypto before. Because when there's an oppressive environment with the ambitions of greed, it will cause many newcomers to flee from cryptocurrencies at their entirety. Which is why, I believe that crypto will do better without politics at all. Just my thoughts Grin

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Quote from: ajdar.muxin.79 on March 15, 2019, 04:18:35 PM

It is not harmful for the industry, because there were and always will be different opinions. I believe that such things as by Bitcoincash could lead to the progress in our industry, because there would be more effective blockchains.

maybe it would have a good impact on crypto because it might make crypto more attractive to many people.
and differences of opinion are indeed a natural thing because it is impossible for all to be in the same direction.

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It is not harmful for the industry, because there were and always will be different opinions. I believe that such things as by Bitcoincash could lead to the progress in our industry, because there would be more effective blockchains.

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Quote from: ramahero01 on March 06, 2019, 10:39:17 AM

in my opinion, with the political element coming into crypto, it will worsen the crypto condition because of the ambitions of each party, crypto politics can have a negative impact on others. and they will only divide people who have become solid crypto fans.

As long as people trusting others then they were not yet ready to use crypto currencies.

You should use cryptos for your own benefits if you are just influenced by others then benefit for you is nothing.

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Strange what exactly do you think is here for a crypto policy? If you take into account the policies of different states, in general, they are all set up not very well for cryptocurrencies, but I think that all this is still temporary. Cryptocurrencies and blockchains are our future.

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Quote from: Jadesola on March 08, 2019, 10:53:54 PM

I guess one of the things that is killing the industry is the politics because everyone is trying to prove a point just to justify themselves which will in turn lead to so many manipulation.

Exactly. Crypto politics are going to a point where they're destroying the Blockchain industry in its entirety. Take a look of what happened with Bitcoin Cash last year, and Craig's forked version of it called Bitcoin SV. It's been nothing but a mess, especially in the eyes of people within the mainstream world. This has cause large uncertainty among investors into Bitcoin Cash, making most of them flee back into the original Bitcoin (BTC) again. If things would've gone much smoother, then BCH and BSV could've parted separate ways in a peaceful manner.

However, that's not been the case, as crypto politics has negatively impacted BCH's price within the crypto market. Right now, Bitcoin Cash is the sixth largest cryptocurrency by market cap, when it used to be the fourth largest cryptocurrency across the market. The series of events happened back in November 2018 shows nothing but the desire of greed among both camps (both BCH and BSV).

Nonetheless, I'm afraid that crypto politics could negatively impact the Blockchain industry if they become too oppressive. It's good to have competition though, but when things become too fierce, that's when everything starts to fail. Just my opinion

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I guess one of the things that is killing the industry is the politics because everyone is trying to prove a point just to justify themselves which will in turn lead to so many manipulation.

Abiky

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Quote from: terrific on March 04, 2019, 03:26:59 AM

If these two chains were never forked and stayed to bitcoin.
Imagine on how big the market is right now.
Adding all of those market caps that they have and people living without debates on what's better.

I feel you, mate. All the Bitcoin forks that have emerged since August 2017, have impacted Bitcoin's dominance across the market in a bad way. With many opposing factions trying to "fix" the Bitcoin blockchain, many people have lost credibility in cryptocurrencies. Every time there's a new fork of the original Bitcoin (BTC) blockchain, Bitcoin's share of the market decreases at a slow rate. I guess that if Bitcoin Cash and other Bitcoin forks wouldn't have emerged in the first place, the original Bitcoin would've been much more valuable by now.

But as with everything, there's always disagreements from opposing sides. What's important is to stay as unified as possible and deliver according to one's specific beliefs and vision. Despite the many Bitcoin forks we have today, Bitcoin continues to maintain its vision of being a secure, and resilient store of value for the world to use.

Nonetheless, crypto politics would allow Bitcoin to head separate ways from opposers. In some way, it's good as it will enable a competitive market. But it's bad when it becomes too oppressive with the intent to destroy crypto’s reputation/branding within the mainstream world. Just my opinion

ramahero01

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in my opinion, with the political element coming into crypto, it will worsen the crypto condition because of the ambitions of each party, crypto politics can have a negative impact on others. and they will only divide people who have become solid crypto fans.

Huntler1993

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Been bad or good always depends on the the descendants of the information been carried out there. One way or the other been able to stand by your views and values will send some positive signal out there and bring a lot on board but trust me some news too will go a long run to scare others from the digital world.

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Quote from: Abiky on March 01, 2019, 10:01:36 PM

Quote from: terrific on February 28, 2019, 08:57:33 PM

But it divides the people, having politics creates bad impression by the new comers.
Well they really don't care about who are coming in.
As long as they can pass their agenda's that's all what matters to them.

Yes. When there's too much crypto politics, you get a bad image of the whole ecosystem within the outside world. That's what happened with Bitcoin Cash and Bitcoin SV's drama within the Blockchain industry. It was all about greed, rather than making crypto land a better place. The Hash War back in November 2018, has caused many uncertainties for the future of BCH. While the waters are calmed now, most people have fled from BCH into Bitcoin or another cryptocurrency.

Of course, there's nothing bad with diversity and competition. However, separate factions fighting against each other instead of resolving things in a peaceful manner will bring the destruction of Blockchain's reputation as we know it. Hence, only time will tell us what lies ahead for the future of crypto as different ideals begin to emerge. Just my thoughts Grin

If these two chains were never forked and stayed to bitcoin.
Imagine on how big the market is right now.
Adding all of those market caps that they have and people living without debates on what's better.

Abiky

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Quote from: terrific on February 28, 2019, 08:57:33 PM

But it divides the people, having politics creates bad impression by the new comers.
Well they really don't care about who are coming in.
As long as they can pass their agenda's that's all what matters to them.

Yes. When there's too much crypto politics, you get a bad image of the whole ecosystem within the outside world. That's what happened with Bitcoin Cash and Bitcoin SV's drama within the Blockchain industry. It was all about greed, rather than making crypto land a better place. The Hash War back in November 2018, has caused many uncertainties for the future of BCH. While the waters are calmed now, most people have fled from BCH into Bitcoin or another cryptocurrency.

Of course, there's nothing bad with diversity and competition. However, separate factions fighting against each other instead of resolving things in a peaceful manner will bring the destruction of Blockchain's reputation as we know it. Hence, only time will tell us what lies ahead for the future of crypto as different ideals begin to emerge. Just my thoughts Grin

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crypto politics have a big impact in the market as people are doing psychological attack to those affected by it. Good and bad effects are creating the volatility, but in the end, only facts we should concern about.

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Quote from: libert19 on February 22, 2019, 10:49:35 PM

Here is the thing, two polar opposites makes the existence possible, so without the negatives, positives can't exist, it's all good for Blockchain industry.

But it divides the people, having politics creates bad impression by the new comers.
Well they really don't care about who are coming in.
As long as they can pass their agenda's that's all what matters to them.

Abiky

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Quote from: libert19 on February 22, 2019, 10:49:35 PM

Here is the thing, two polar opposites makes the existence possible, so without the negatives, positives can't exist, it's all good for Blockchain industry.

Good point. Sometimes, a little competition is needed to help the blockchain space mature. While I'm not a big fan of forks, the diversity of cryptocurrencies across the market will allow people to have a variety of options to choose from. However, when things become too fierce because of greed, then all could be put down to waste. That's what happened with both Bitcoin Cash and Bitcoin SV as crypto politics have had a negative impact across the whole market.

Nonetheless, the Blockchain industry could succeed if there weren't any infighting across factions without obtaining positive results. Just my thoughts Grin

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Quote from: dimastegar on January 23, 2019, 07:31:48 PM

Basically politics is a different point of view. Dissent is a natural thing. But because of the ambitions of each party, crypto politics can have a negative impact on others.

What if blockchain will going to be utilized in politics? It would be a good decision. We just need to turn the tables. Use blockchain to election that is the best IDEA to use!

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As I know, underground financial forces ( such as 5 most powerful forces in Wall street) can dominate politics and lead it in their direction, and crypto market is also no exception if they want.

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Quote from: Abiky on January 23, 2019, 06:52:18 PM

Considering how several Bitcoin forks have turned to politics by defending their own visions about the future of Bitcoin as a cryptocurrency, several events have unfolded within crypto land. One of those events is BCH's Hash War back in Nov 2018, which has caused a disaster across the whole crypto market due to loss of investor confidence. Due to crypto politics, there has been a clash between several factions looking to guide Bitcoin in their own way.

The Bitcoin SV project believes to follow the original Bitcoin whitepaper, while Bitcoin Cash believes to be the original Bitcoin itself. Both sides have been defending their views, with their respective leaders (such as Roger on the BCH side and Craig on the SV side).

As such, it makes me wonder whenever crypto politics is bad for the growth or reputation of the Blockchain industry? What are your thoughts?

No I think not, block chain competition is what makes the cryptocurrency better and develop much better than before. If there is no politics here on crypto, the standards of the crypto will be forever be the same.

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