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 don't think this is the actual intervention OP is talking about. Intervene in the sense that no third party is needed for your transaction and even if we are to go by your own narrative of Chinese government placing a ban on Bitcoin that doesn't mean Chinese citizens can't own some coin still, The will just that the will have to work with decentralised exchanges to make their transactions and the will not have to convert to Yaun for any reason but their coin in their wallets remains safe
Topic: Is digital currency powerful? - page 4. (Read 880 times)
Digital seems to be powerful because of its limited supply, block halving, and some other things that control inflation. However, you can only control your own coin if you keep it in a non-custodial wallet.
From what I know, it is the limited supply characteristic of Bitcoin that sets it apart. Bitcoin can be considered a digital currency, but not all digital currencies necessarily encompass Bitcoin. Therefore, not all digital currencies have a limited supply.E-Money, on the other hand, represents money in digital form, making it a digital currency. However, E-Money does not have a supply limit since it is essentially digital FIAT currency. Moreover, block halving is unique to Bitcoin and does not occur in E-Money.
Remember, cryptocurrency is a subset of digital currency, and digital currency does not necessarily possess the qualities you mentioned (which specifically refer to Bitcoin and cryptocurrencies).
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 should to distinguish between digital currencies and crypto currencies . If you think that both of them are same it is not correct enough. not all digital currencies are crypto currencies. but all of the crypto currencies are included in the digital currency basis. So my point is not all of digital currencies have a feature of full control, my government will build a fiat digital currencies and it is not fully control
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin.
Digital seems to be powerful because of its limited supply, block halving, and some other things that control inflation. However, you can only control your own coin if you keep it in a non-custodial wallet.There is no interference from the government
This is not applicable to all digital currencies that are not decentralized an example is XRP. As you can see there's currently government interference as we speak.no one can rob it or counterfeit it.
It all depends on your security knowledge and how you avoid human error.
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 !
Any money that can be taken from anyone with just a few press on his Keyboard is powerful. You can manage cash, gold and bitcoin completely yourself, that is powerful for me. Unfortunately most people dont understand that yet, they trust fist and paper with a number on it. I hope bitcoin can bring people more money-freedom. No one is 100% safe when someone else managing his money. legendary
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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 !
When you say that no one can rob it, it pretty much depends on how you manage to secure your wallet from hacks, and if you are the type that keeps your bitcoin on the centralized exchange or a custodial wallet, have it in mind that if the exchange or the wallet is hacked, your coins are gone - I've had my wallet hacked and all my bitcoins stolen simply because I exposed my wallet pass phrase online, so indeed, your bitcoins can be robbed off from your if you do not take necessarily security precautions.And secondly, on the issue of counterfeit, there are alot of counterfeited bitcoins out there in the form of wrapped bitcoin and so on, buying and holding such coins can never give you the feeling which holding the true bitcoin gives, so for me, I would say that counterfeit bitcoin, and many other coins are flying around every day, and this counterfeited coins are mostly sold on decentralized exchanges, so always do your research before anything else, and remember, not your keys, not your bitcoin/crypto.
No one can rob it or counterfeit it? What about the dev? They have the power to manipulate the smart contract themselves, have you seen some tokens that the developer increase and decrease the percentage of the tax from time to time?
Let's talk about rugpulls happening in crypto space, do you know how many thousands of project have ruined the lives of many? That's why you only need to introduce Bitcoin to anyone that are closer to you, because Bitcoin is the most trusted and most reliable among the all, if you introduce alternative coins, you are at risk of losing your reputation in front of your friends and all those you introduce the coins to.
Is what you're referring to an altcoin?Let's talk about rugpulls happening in crypto space, do you know how many thousands of project have ruined the lives of many? That's why you only need to introduce Bitcoin to anyone that are closer to you, because Bitcoin is the most trusted and most reliable among the all, if you introduce alternative coins, you are at risk of losing your reputation in front of your friends and all those you introduce the coins to.
Until now, there have been numerous scams associated with altcoins, particularly cases where developers abandon their projects, leaving them in a state of neglect. The pinnacle of this phenomenon was witnessed during the ICO hype when a multitude of new tokens and coins emerged.
Upon reflection, it becomes evident that Bitcoin is the safest cryptocurrency. This conclusion is highly logical considering that Bitcoin has never been involved in any fraudulent activities. Presently, Bitcoin is predominantly favored by major investors over altcoins due to its proven track record.
Therefore, in my opinion, cryptocurrency is a secure form of digital currency, immune to fraud and deceit, but this assertion solely applies to Bitcoin. That is an indisputable fact.
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 !
No one can rob it or counterfeit it? What about the dev? They have the power to manipulate the smart contract themselves, have you seen some tokens that the developer increase and decrease the percentage of the tax from time to time? Let's talk about rugpulls happening in crypto space, do you know how many thousands of project have ruined the lives of many? That's why you only need to introduce Bitcoin to anyone that are closer to you, because Bitcoin is the most trusted and most reliable among the all, if you introduce alternative coins, you are at risk of losing your reputation in front of your friends and all those you introduce the coins to.
Of course, it is strong because it is behind and has been developed and improved much more than previous generations. You should use them to get a better feel for this. While it is true that these novelties really give us new concepts, they still have many downsides, such as security, regulation, and volatility, which will be addressed to some extent. There is therefore a need for technological advancements, regulatory frameworks, and increased awareness and understanding of cryptocurrencies that can contribute to mitigating these challenges and help overcome these obstacles and exploit the potential benefits of digital currency.
The power 9f cryptocurrency is growing gradually and soon crypto is going to be power that what we have ever imagine. The government is the major obstacle for the cryptocurrency market because they always want to know the in and out of everything. There are lot of crypto projects that the government had cracked down because of one reason or the other. If so much power is given to cryptocurrency, fiat currency would not have strength to compete with crypto since we have so many cryptocurrency projects in the market that have strong management team anf unique utility. 
So powerful that those in power don't like the idea of having it around because for the first time people have the opportunity to control their funds, the power has shifted with a good margin from the bank, people no longer trust them as before thanks to the existence of digital currency.
So yeah, strong digital currency like bitcoin is very powerful to the point the government are fighting it by any means necessary, so many fuds about btc have been created all to scare people away but instead the demand is growing stronger.
So yeah, strong digital currency like bitcoin is very powerful to the point the government are fighting it by any means necessary, so many fuds about btc have been created all to scare people away but instead the demand is growing stronger.
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 are your thoughts on it?
Fully decentralized digital currencies like bitcoin, give the holder total control over the coins and this is what we have seen with a few other decentralized digital currencies we have around, their advantages are so numerous to the point that their users become their bank free from all third-party involvements. Just like the first reply stated, centralized digital currencies e.g USTD BUSD are not in that categories of digital currency that give holder total freedom since your coin can still be freeze.
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 are your thoughts on it?
Fully decentralized digital currencies like bitcoin, give the holder total control over the coins and this is what we have seen with a few other decentralized digital currencies we have around, their advantages are so numerous to the point that their users become their bank free from all third-party involvements. Just like the first reply stated, centralized digital currencies e.g USTD BUSD are not in that categories of digital currency that give holder total freedom since your coin can still be freeze.
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 !
But the thing is we are the who will be fully responsible for that since we don't have any agency or govt that we can go to if things get bad because they cannot trace it nor they cannot see who will be the one who stole your assets. Digital currency is powerful and good result of innovating technology but just like other technologies it has a flaws and we should know and learn even the basics of it. 
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 !
Most probably, you mean cryptocurrencies, not digital currencies, since nearly all fiats are digital too (all the banking systems operate with digital transactions). The main benefit of cryptocurrencies is data security, since cryptocurrencies are highly decentralised, its really a benefit, that's right!We that are here in the forum mostly preferred it. That is because it can give us an income. Either by working in a crypto job or by investing, trading, staking, etc... on it. About the advantage of fiats I think it is more regulated and it is possible for us to get a refund once we got scammed or accidentally sent our money to a wrong address. They are also quicker and has less or no fees some times. This is why I sometimes use it apart from my cryptos.
Of course, it is strong because it is behind and has been developed and improved much more than previous generations. You should use them to get a better feel for this. While it is true that these novelties really give us new concepts, they still have many downsides, such as security, regulation, and volatility, which will be addressed to some extent. There is therefore a need for technological advancements, regulatory frameworks, and increased awareness and understanding of cryptocurrencies that can contribute to mitigating these challenges and help overcome these obstacles and exploit the potential benefits of digital currency.
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 !
No interference? The governments are doing all they can to slow down Bitcoin adoption, on behalf of the banks, of course... A money that does not require a third party to store and secure it? Thats unacceptable to them. The government wants to control our money and the banks want demand arbitrary fees for holding on to our money. This old system needs to be overhauled.
And blockchain is an unstoppable, unregulatable and unchained technology. Ironically named Blockchain
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 !
Literally none of that is true, maybe except the counterfeit part. What do you mean by controlling your own coins? If you control your private keys, then it somewhat protects you from getting defrauded or from having it seized, but you don't have any control over Bitcoin (or other crypto) network.
We witness government interference all the time, crypto can get banned or get regulated just like anything else. It can also get stolen from you, which happens to even very tech-savvy people (see Luke Jr, Bitcoin core developer, who got almost all his bitcoins stolen from him). Can you name one business that expanded globally by actually using crypto (excluding exchanges and alike)?
Digital currency was more powerful one as compared to normal fiat.The Zimbabwe had implemented one scheme based on the digital currencies.It’s gold backed digital currencies.It allow the user to exchange the money for holding tokens.It’s the electronic money,the gold which is equivalent amount of gold was backed in the Zimbabwean bank.So you can exchange your token to Zimbabwean dollar at any time.It will save our exchange value of holding dollars by holding tokens.Then convert on your demand to dollars.
Digital currency possesses great potential when utilized effectively, but its successful utilization is not as straightforward as one might assume. When running a business, adherence to centralized government regulations becomes a necessity. Accepting cryptocurrency payments is not a simple task unless it is supported by the government. The true freedom that crypto offers is realized when we have complete control over it. Expanding a business with cryptocurrency requires careful consideration of numerous factors. Consequently, even large enterprises may refrain from accepting crypto due to various reasons.
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 !
While most of those that you've mentioned are good. Generalizing digital currencies and telling them that you can control your own coin there is something that everyone must understand.If it's the digital currency made by the government, you'll have no control on it but only them. If you've got cryptos, you also have no control over them but the way you spend both of it, that's where you get to control those.
There's still some misunderstanding that when someone says digital currencies, it's either fiat made into digital or simply said as crypto.
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