Topic: Is it really bad that Goverments are trying to control Crypto-market? - page 3. (Read 434 times)
February 22, 2018, 07:08:15 AM
Some governments are supporting the use of cryptocurrencies and some are not all for the same reason. Bitcoin's high purchasing power. They either wanted to tap through this or they wanted to stop bitcoin. Either way, as long as bitcoin's decentralization is not jeopardized we have nothing to worry at all.
February 22, 2018, 06:54:39 AM
I would answer my views on this in short.First of all, some countries govt are in favour and some are not. Some are in favour as they see the long term scenario and see where their country currency value can be improved much by making the crypto as a payment processor rather than making it physical currency. Also, they see that a specific country currency value should not be under rated as well considering long term implications.Some are not in favour as they are worried about the illegal activities and all kind of stuff. Until and unless they change the mindset considering the blockchain technology, they would still remain in the same phase and we do not know what kind of scenarios we would see in the future. I can only say we have to just wait and watch for the next few years.
February 22, 2018, 06:48:13 AM
So guyz,
I don't have a master in crypto But I have some doubts.
I have seen many people saying that countries banning crypto are just smashing hammer on their own foot.
But my Qes is why a Govt should not try control money in that country?
----My thought is most countries don't really know how to control the transcation or keeping track of cryptomarket, so for time being they want to control it by banning it till they develope a plan.
----I didn't hear any county saying that they don't support bloackchain, Many of them are working on blockchain.
----If a country can not track the money of their people than how can they take responsibility of its people safety?
----If someone pays money for illegal activity from banks, that can be tracked, but tracking crypto is impossible for them right now.
----That was just one of the scenerio
So What are your thoughts?
PS- I am not saying crypto should be banned, I just want to know where Govt. are going wrong?
I don't have a master in crypto But I have some doubts.
I have seen many people saying that countries banning crypto are just smashing hammer on their own foot.
But my Qes is why a Govt should not try control money in that country?
----My thought is most countries don't really know how to control the transcation or keeping track of cryptomarket, so for time being they want to control it by banning it till they develope a plan.
----I didn't hear any county saying that they don't support bloackchain, Many of them are working on blockchain.
----If a country can not track the money of their people than how can they take responsibility of its people safety?
----If someone pays money for illegal activity from banks, that can be tracked, but tracking crypto is impossible for them right now.
----That was just one of the scenerio
So What are your thoughts?
PS- I am not saying crypto should be banned, I just want to know where Govt. are going wrong?
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