I think we can say digital currencies are powerful in the sense that they are accessible to more users than a local currency which is limited by supply and user's ,not forgetting being controlled by the central bank. And with no regulatory body in the drivers seat when it comes to these digital currencies , this means the value can easily skyrocket in a blink of an eye making them potential the most valuable assets out there, which means the command the influence and this is where the power is!
Absolutely! Digital currencies offer unprecedented accessibility, reaching a broader user base compared to local currencies bound by supply and central bank control. Their decentralized nature means rapid value surges, potentially making them the most valuable assets, yielding significant influence. The power lies in their ability to transcend traditional constraints, democratizing finance 
Topic: Is digital currency powerful? - page 3. (Read 863 times)
Quote from: coinremitter
There is no interference from the government, no one can rob it or counterfeit it.
If you expose your personal details in public, you can be rob by your enemy so in that aspect you need to be very careful the way you handle your BTC because it will be difficult for you to trace the person that done such evil. Quote
You can use it globally and expand your business internationally.
Yes, you can use it to do business locally and internationally when it is well legal tender which is very good in profits making and many people has use it to grow their wealth to become a great men and women in the society. I have seen some people in my area who use BTC to create two standard company and the companies are producing products that is making the community happy by purchasing the products in a low price.Nonetheless, when handled prudently, BTC offers tremendous opportunities for local and international business endeavors. It serves as a legal tender in various regions, enabling profitable ventures. Many individuals have harnessed its potential to amass wealth and contribute positively to society. In my experience at https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks I've witnessed inspiring stories of people leveraging BTC to establish thriving companies that provide affordable products, thus benefitting their communities.
no one can rob it
This is false... your cryptos aren't 100% secure and they can be robbed. Let's say you have your private keys on your home in a paper wallet, and a thief joins to your house and steals those private keys, another example is, let's say you have your private keys in your computer, and you download some software with a malware, that way your keys can get rob. And a last example, let's say you work hard on security and no one can access to your private keys, but sadly a user finds your private key with brute force.You can use it globally and expand your business internationally
You can do this but would be done in an illegal way, because the government loves taxes, and if you close a deal without paying taxes then you will be doing something illegal for them.Firstly, you're absolutely right that physical security is crucial. Storing private keys in a secure location, like a safe or a hardware wallet, is recommended to prevent theft. We always advise our users to take necessary precautions when it comes to physical storage.
Secondly, malware and phishing attacks are real threats. We encourage users to maintain updated antivirus software and exercise caution when downloading any files or clicking on links. Safeguarding your computer is essential to protect your private keys.
Lastly, brute force attacks are indeed a concern. That's why we encourage users to create strong, complex passwords and consider using multi-factor authentication (2FA) for added security. It's crucial to stay vigilant and take measures to protect your private keys from unauthorized access.
Regarding your mention of taxes, we advocate for compliance with local tax regulations. It's essential to report and pay taxes on cryptocurrency transactions as required by your jurisdiction. Coinremitter does not endorse or support any illegal activities.
In conclusion, while cryptocurrencies offer numerous benefits, they also come with responsibilities and risks. https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks is committed to promoting secure practices and compliance with the law to ensure a safe and responsible cryptocurrency experience for all users.
I wouldn't quite agree with that, Bitcoin is the most well-known and widely recognized decentralized digital currencies, but it is not the only one. We have others like Ethereum, Litecoin and some others.
With bitcoin popularity in the crypto industry it has created a lot of branch of other alternative coins. Which means it doesn't have all the characteristics of Bitcoin carry. Bitcoin might be decentralized but some alternative coins might not be fully decentralized so in short, people may still rug those funds just like the government do where you funds are also not in your favor. Just do more research about in this industry, I think OP only have knowledge on the basic background of the crypto especially the popular one like Bitcoin.
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
Hmm, I don't know about this thought but I think some Fiat currency also has digital aspect of it for example, the apex bank in my country just launched its own digital currency known as the E-naira where people can be able to use online but that doesn't free it from the fact that its still controlled by a third party as the government are in full control but its also a digital currency so I think you need to be more district with the specifications of the particular digital currency you are talking about.Centralized digital currencies are issued and controlled by a central authority, typically a government or central bank, which retains substantial control over their issuance, supply, and transactions. Users are subject to government regulations, and transactions can be monitored and censored.
On the other hand, cryptocurrencies like Bitcoin operate on decentralized blockchain networks, where no single entity has control. They offer greater autonomy and privacy to users, with transactions recorded on a public ledger. Users can transact peer-to-peer without intermediaries, making them a powerful tool for financial freedom and security.
As a crypto payment gateway, https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks focuses on facilitating transactions with cryptocurrencies like Bitcoin, which offer these distinct advantages. We believe in the principles of decentralization and financial sovereignty. If you have any questions or need assistance with crypto payments, please don't hesitate to ask.
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
You can control your coins when the wallet is decentralized but if it is centralized be a digital or online, then the coins are control by the creator of the wallet. So with that centralized digital system, there is an interference from the third party. The powerful way is only on decentralized assets and not on centralized ecosystems. And your statements, you didn't specify the particular coin you are talking about because not all the coins are in non custodian wallets but some coins use custodian wallets. In a decentralized wallet, you have full control over your coins, as they are stored on the blockchain, and you hold the private keys. This ensures that you are the sole owner and can make transactions without the need for an intermediary. It's a powerful way to maintain financial autonomy.
However, in the case of centralized digital or online wallets, like some custodial wallets, the control is indeed with the wallet's creator or provider. This introduces the potential for third-party interference and control over your funds. It's crucial for users to be aware of this distinction and carefully choose wallets that align with their security and privacy preferences.
Regarding specific coins, you're correct; not all cryptocurrencies are designed for non-custodial wallets. Some projects may opt for custodial solutions, which can have advantages like user-friendliness but come at the cost of relinquishing some control.
In the world of crypto payments, https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks acknowledges these nuances. We prioritize transparency and user choice, offering solutions that cater to both non-custodial and custodial preferences. We're committed to empowering users with the information and options they need to make informed decisions about their cryptocurrency assets. Your security and control over your coins are paramount to us.
if we say there is no government intervention, it is also not true, because if it is on the blockchain network it is true that there is no intervention, but in its distribution to the people, the government can intervene, like in china where the government intervened in Bitcoin and ensured that it illegal to transact Bitcoins in their area.
I think that is where bitcoin edges fiat, I am also of the view that it cannot be controlled by the government. If we analyze the issue of China as you mentioned, you would find out that China could only ban its public usage but couldn’t stop its circulation like how a paper money could be stopped from been distributed in China. If you look at the number Chinese citizens that even adopted bitcoin you could see that the number increased even though there was a ban. This is because only the public usage of it was stopped but it was continuously used by the citizens but discreetly.
My own view of control is when the government bans it, then it becomes redundant to use and rendered the existing ones useless but bitcoin is not that. If one government stops its usage then you could still use it to transact with other countries.
I wouldn't quite agree with that, Bitcoin is the most well-known and widely recognized decentralized digital currencies, but it is not the only one. We have others like Ethereum, Litecoin and some others.
I think we would classify ethereum as a total decentralized system because there are bodies that actual controls it that is why it’s transition from POW to POS was easy, not like bitcoin that has to have general consensus first. Even the hard forks on bitcoin network today that lack consensus are struggling just like the litecoin you mentioned or others like BCH and so
Bitcoin's resilience stems from its global, peer-to-peer network. If one government bans it, users can still transact with other countries, highlighting its borderless nature. Ethereum, on the other hand, faces centralization concerns due to certain controlling bodies, making it more adaptable to changes like transitioning from POW to POS. In contrast, Bitcoin's changes require a broader consensus, which can lead to challenges during network upgrades.
Hard forks without consensus, like those in Bitcoin, Litecoin, BCH, and others, often struggle to gain widespread acceptance, showing the importance of consensus in maintaining a cryptocurrency's integrity. As https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks we recognize these dynamics and are committed to supporting secure and reliable cryptocurrency payment solutions for businesses and users worldwide.
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
Maybe the term that cryptocurrency is powerful is wrong, perhaps the correct one is that it has a strong influence on people because of the usage that Bitcoin or crypto has because it helps in today's era that we are facing.
Yes, it's also true that most of these are controlled by us, something that banks can't give to their clients because if they do that, they won't earn anything, it's that simple.
The beauty of cryptocurrencies lies in their decentralization, putting the control squarely in the hands of the users. Unlike traditional banks, which often prioritize their bottom line, cryptocurrencies empower individuals with financial autonomy and security.
By utilizing crypto payment gateways like Coinremitter, businesses and users alike can harness this transformative power. We enable seamless crypto transactions, making it easier than ever for businesses to accept cryptocurrencies, broaden their customer base, and experience the benefits of this financial revolution.
In essence, cryptocurrencies are more than just powerful; they are transformative, and https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks is here to ensure that individuals and businesses can tap into this immense potential.
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
That is true because digital currencies are quite useful but you can't call them more powerful than fiat currencies. In value, some crypto-currencies are powerful than fiat but still fiat is more widely accepted and has more power over economics than any of the digital currencies. I agree that you can control your wallet if you own Bitcoin in it, but you can not control its volatility, and in the same way if you have fiat cash in your wallet you can choose to utilize them or let them lie in your wallet, so in that case there isn't any difference in both types of currencies.
Now that point is very legit because Bitcoin is truly decentralized and no government has control over it and counterfeiting it is impossible because the nodes won't accept fake bitcoins in the supply. The Bitcoin is truly the winner in the case of wide acceptability because it can be traded all over the globe and there aren't any restrictions on it in that case.
Bitcoin is truly powerful and it's the world's best crypto-currency, but we can't consider all crypto-currencies in the same way. Many of the crypto-currencies are totally useless and they exist because of the ones who own those useless coins. There are even some crypto-currencies that exist without any good purpose because they are created by the negative actors who intentionally create those coins just to scam the innocent users.
Yet, the true strength of Bitcoin shines through its decentralization and immunity to counterfeiting. With no government control and an incorruptible ledger, Bitcoin offers a level of trust and security that fiat struggles to match. Its global tradeability without restrictions is a testament to its power.
Bitcoin stands as the pinnacle of cryptocurrencies, but not all in this realm hold the same worth. Some are indeed purposeless, existing solely due to their holders. Moreover, there exist malicious actors who create cryptocurrencies with nefarious intent, seeking to scam unsuspecting users.
As https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks, we understand the significance of discerning between valuable and fraudulent digital currencies. Our mission is to provide a secure and reliable gateway for businesses to transact with cryptocurrencies, ensuring that only legitimate assets are integrated into the payment ecosystem, safeguarding our users from potential scams.
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin.
Is that what power really entails?I wasn't thinking of it in that way though as, I tend to view it from the point of having to control or influence other aspect ones life or the occurances within its system having some influence on the commodities within a state.
Should we view it from this point, you could say cryptocurrencies occupies a neutral position and that's why, it's just the best for everyone.
It bring about no inflation neither is it rocked by inflation as its often the case with fiat. Having to be in control of your won finance and its decentralisation nature as the case is with bitcoin is some big benefit.
Cryptocurrencies, like Bitcoin, occupy a neutral position in the financial landscape. They are not subject to inflation, a problem often associated with fiat currencies. This inherent stability is a significant benefit. Additionally, the decentralization nature of Bitcoin and cryptocurrencies, which https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks supports, empowers individuals to have control over their finances.
With Coinremitter, users experience the power of financial autonomy and security. They can transact with confidence, knowing that their funds are protected from inflationary pressures and centralized control. This empowerment is a testament to the transformative potential of cryptocurrencies in giving individuals more control over their financial destinies. Join us on this journey toward a more decentralized and powerful financial future.
Bitcoin is powerful as long as someone use it with high privacy, if people use Bitcoin without privacy and leave their coins on a centralized exchange, they already kill the powerfulness of Bitcoin.
Certainly, I understand your point. Bitcoin's power lies in its potential for privacy and decentralization. When users keep their coins on centralized exchanges and forego privacy measures, they may compromise Bitcoin's strength. However, individuals can still choose to use Bitcoin with high privacy by engaging in P2P trades, making it challenging for governments to trace transactions. This decentralized nature makes Bitcoin resilient. Coinremitter, as a crypto payment gateway, supports these principles of privacy and decentralization.if we say there is no government intervention, it is also not true, because if it is on the blockchain network it is true that there is no intervention, but in its distribution to the people, the government can intervene, like in china where the government intervened in Bitcoin and ensured that it illegal to transact Bitcoins in their area.
Even though there's a government intervention, you still have a choice to use Bitcoin with high privacy in order to make the government can't trace you. As you can use Bitcoin by trade through P2P, you only need to find someone who are willing to trade with you, this make Bitcoin is unstoppable.Don't let your Bitcoin lose its potential. Embrace privacy and decentralization with https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks – where your financial freedom remains unstoppable.
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
if we say there is no government intervention, it is also not true, because if it is on the blockchain network it is true that there is no intervention, but in its distribution to the people, the government can intervene, like in china where the government intervened in Bitcoin and ensured that it illegal to transact Bitcoins in their area.
and when talking about crypto security, there have actually been many cases where someone's wallet was stolen or an exchange took away users' assets. so you should also educate people that only a non-custodial wallet provides security other than that it doesn't and the need to keep the confidentiality of the private key to keep their assets safe from hackers.
At https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks, we prioritize educating users on the critical aspects of crypto security. It's true that there have been instances of wallet theft and exchange breaches. We emphasize that using non-custodial wallets is crucial for enhanced security. These wallets give users full control over their private keys, reducing the risk of theft. Safeguarding your private key is paramount in keeping your assets safe from hackers.
We advocate for a proactive approach to security education to empower our users and ensure their assets are protected. Stay informed, choose the right wallet, and prioritize the confidentiality of your private key for a safer crypto experience. Your security matters to us.
I wouldn't quite agree with that, Bitcoin is the most well-known and widely recognized decentralized digital currencies, but it is not the only one. We have others like Ethereum, Litecoin and some others.
Litecoin is bitcoin carbon copy. Ethereum has been centralized before it was created. It started from presales of ether through ICO which makes it very centralised. Another is how it is somehow influenced by the co-founders, unlike bitcoin that its developer is not known, only known by name but left the bitcoin community. Ether moved from PoW to PoS, while staking itself is centralised. Securities are centralized. Ether is a security. Most altcoins are securities.Regarding Ethereum, it's essential to recognize its evolution. While it started with an ICO, Ethereum has grown into a decentralized ecosystem with various dApps and a vibrant community. The transition to PoS aims to address scalability and environmental concerns.
The concept of securities in cryptocurrencies is complex and often subject to regulatory scrutiny. Ethereum's status in this regard may vary by jurisdiction. However, Ethereum and many altcoins strive for decentralization and utility beyond mere securities.
https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks is committed to providing a reliable and secure payment gateway for various cryptocurrencies, facilitating payments and transactions for businesses and individuals within the legal frameworks of each coin's ecosystem. Our goal is to support the broader adoption of cryptocurrencies while adhering to compliance and regulations.
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
Under certain conditions of use you're right, but that's not necessarily a guarantee.
The government can also interfere, and if you use some CEX and don't use P2P, you can find yourself blocked by regulations and laws (for example in a case of a national cryptocurrencies ban).
Similarly, if you leave your BTC on a CEX hotwallet, you can have them frozen or seized by the CEX, or because some institution asked for.
You can also have your seed phrase stolen (by burglary, for example), or be the victim of malware or well-targeted social engineering operation, it happened a lot.
An informed user who is aware of the risks will benefit from using BTC for certain purposes, such as storing value. But a user who is not educated about the real risks involved in holding BTC may find himself in a bad position and regret his choices.
Furthermore, keeping your BTC on a CEX hot wallet exposes you to the risk of asset freeze or seizure due to institutional requests. Additionally, there's a risk of seed phrase theft through burglary, malware attacks, or targeted social engineering.
We encourage users to be well-informed about these risks. While Bitcoin can be a valuable store of value, it's crucial to understand the potential pitfalls. An educated user can make informed decisions, benefiting from Bitcoin's strengths, while minimizing the chances of regrettable outcomes. Stay informed, secure your assets, and use BTC responsibly. Your financial safety matters to us.
I don't accept the fact that you have generalized it.
In terms of control not all digital currency are decentralized so it's not safe to use that term, the fact that governmenr are unable to conttrol it does not make it free from the control of those (non-government) in charge of it.
I would apreciate next time if you're to make a similar post use "Bitcoin" instead. Digital currency include both bitcoin and altcoins, and I'm pretty sure that you and I know that there are some coin or token that are centralized take BNB for example and that make your thread incorrect.
I appreciate your feedback and clarification regarding the terminology used. You're absolutely right; not all digital currencies are decentralized, and it's essential to distinguish between Bitcoin and other centralized cryptocurrencies like Binance Coin (BNB).In terms of control not all digital currency are decentralized so it's not safe to use that term, the fact that governmenr are unable to conttrol it does not make it free from the control of those (non-government) in charge of it.
I would apreciate next time if you're to make a similar post use "Bitcoin" instead. Digital currency include both bitcoin and altcoins, and I'm pretty sure that you and I know that there are some coin or token that are centralized take BNB for example and that make your thread incorrect.
In the context of our crypto payment gateway, Coinremitter, it's crucial to emphasize that we support various cryptocurrencies, including both decentralized (like Bitcoin) and centralized (like BNB) options. We understand that the decentralization aspect primarily applies to Bitcoin, and we appreciate your correction.
Our aim is to provide a versatile payment solution that accommodates the needs of businesses and individuals using a wide range of digital currencies, whether they are decentralized or not. If you have any specific questions or concerns related to https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks or any cryptocurrency payment processing matters, please feel free to ask, and we'll be more than happy to assist you further.
These are just the characteristics of bitcoin. Dawn are the days of centralised coins. If you have altcoins, like binance coin, usdt and other stable coins like usdc, busd, know that their creators can freeze your coins on noncustodial wallet. Do not generalized.
While Bitcoin indeed embodies the ideals of decentralization, it's crucial to acknowledge that the cryptocurrency landscape is diverse. Many altcoins, including Binance Coin, USDT, USDC, and BUSD, operate on different principles. These stablecoins often rely on centralized entities to maintain their stability.Users must be aware that with such coins, there exists the possibility of freezing assets in noncustodial wallets, as their creators have control over the issuance and management of these tokens. At https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks, we believe in empowering users with information and choice.
It's important to differentiate between decentralized and centralized cryptocurrencies. Always make informed decisions when choosing your assets and wallets, considering your specific needs and the level of control you desire over your funds. We are here to provide support and enable seamless transactions for the crypto community. Feel free to reach out with any questions or concerns.
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Digital currencies are very risky, your opinion should be based on Bitcoin, not the general Digital currencies, because the majority of them are scam projects, giving out such advice will be misleading for some newbies on this forum, because they will believe that you are talking about all available Digital currencies, were as, thousands of those digital currencies out there are made for selfish gains purposes.
Some projects in crypto space are controlled by centralized organizations, which makes them controllable by the government, because the government finds it easier to work with or control anything that's based on centralization
Digital currencies are very risky, your opinion should be based on Bitcoin, not the general Digital currencies, because the majority of them are scam projects, giving out such advice will be misleading for some newbies on this forum, because they will believe that you are talking about all available Digital currencies, were as, thousands of those digital currencies out there are made for selfish gains purposes.
Some projects in crypto space are controlled by centralized organizations, which makes them controllable by the government, because the government finds it easier to work with or control anything that's based on centralization
Yeah, basically Bitcoin should be treated in a different way because even though it is a digital currency, it has many more properties that separate it from the rest, like being decentralized, not having a leader, etc.
Most other projects are basically a company that has no regulations. I think they are extremely risky and most don't even have a reason to exist other than to extract the money from people that don't understand actually what's going on.
Digital currencies are very risky, your opinion should be based on Bitcoin, not the general Digital currencies, because the majority of them are scam projects, giving out such advice will be misleading for some newbies on this forum, because they will believe that you are talking about all available Digital currencies, were as, thousands of those digital currencies out there are made for selfish gains purposes.
Some projects in crypto space are controlled by centralized organizations, which makes them controllable by the government, because the government finds it easier to work with or control anything that's based on centralization
I agreed about this now digital currency is risky as we have too many problems with projects and developers and now things are completely changing around the world with many centralized currencies are also around us which are traceable and developers can freeze our wallets and coins as well which mean now we are not powerful. Some projects in crypto space are controlled by centralized organizations, which makes them controllable by the government, because the government finds it easier to work with or control anything that's based on centralization
Recently we have too many developments which are working under governments, and they are also bringing policies which are not favourable for the common users because with current developments all digital currencies are under strict control of powerful peoples, and they can do anything when they need to destroy our financial independence just few currencies are safe, but they are also trying to control us with their own way.
Let us discuss digital currencies such as cryptocurrencies and how they compare with regular money. One cool thing about them is that you actually own your own coin. You don't need banks or anyone else getting in the way of your transactions. It's like having full control!
These digital currencies are also super-secure because they are built on a fancy tech called cryptographic protocols. This makes it difficult for anyone to fake or mess with your transactions. No more worries about counterfeit money or shady dealings.
But hey, digital currencies have their own problems too. One major issue is how their prices can rise and fall, similar to a rollercoaster. This can be a real challenge for businesses trying to keep their revenues and profits stable.
And here's the thing: laws and rules around digital currencies are still being figured out in many places. It's a bit of a gray area, which means there could be some confusion and extra stuff you have to do to make sure you're following the rules.
So, yeah, digital currencies have their advantages, but you gotta be aware of the potential downsides too. It's all about weighing the pros and cons based on what works best for you and your business.
These digital currencies are also super-secure because they are built on a fancy tech called cryptographic protocols. This makes it difficult for anyone to fake or mess with your transactions. No more worries about counterfeit money or shady dealings.
But hey, digital currencies have their own problems too. One major issue is how their prices can rise and fall, similar to a rollercoaster. This can be a real challenge for businesses trying to keep their revenues and profits stable.
And here's the thing: laws and rules around digital currencies are still being figured out in many places. It's a bit of a gray area, which means there could be some confusion and extra stuff you have to do to make sure you're following the rules.
So, yeah, digital currencies have their advantages, but you gotta be aware of the potential downsides too. It's all about weighing the pros and cons based on what works best for you and your business.
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
Digital currencies are very risky, your opinion should be based on Bitcoin, not the general Digital currencies, because the majority of them are scam projects, giving out such advice will be misleading for some newbies on this forum, because they will believe that you are talking about all available Digital currencies, were as, thousands of those digital currencies out there are made for selfish gains purposes. Some projects in crypto space are controlled by centralized organizations, which makes them controllable by the government, because the government finds it easier to work with or control anything that's based on centralization
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