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Topic: Many big powers agains crypto (Read 1121 times)

hero member
Activity: 2968
Merit: 640
February 01, 2020, 10:16:03 PM
#83
These so called "big boys" would never ever affect the growth and circulation of bitcoins. They might just make sure they ban the usage of such currencies from their end but they could never try to ban bitcoins or any other cryptocurrency onto a greater extend.

Youtube has been always deleting several videos from some most reputable traders or crypto influencers which might have violated any of their policy because bitcoins or the cryptocurrencies are not yet legalized which makes them stand under the commodities which are not allowed to trade freely. Youtube might just be supporting their rules and regulations but yes, there might be a need for us to create a youtube clone just like china did so that we could find most useful stuff about the cryptocurrencies over there.
legendary
Activity: 2464
Merit: 1102
February 01, 2020, 08:33:24 AM
#82
I am not surprised. If Bitcoin gets worldwide acceptability, then the role of the middlemen in the financial sector will come to an end. When I mean middlemen, I am talking about the bankers, hedge fund managers, and those who operate money transfer and remittance services. Now Bitcoin is a direct competitor to these people and it pose an existential threat for them. Who will pay 10% for remittance service, if the same can be done with a Bitcoin-based system with just 1% fee? Also, who will keep the money in a bank account, if Bitcoin allows you to create your own wallet and store the money all by yourself?
You just mentioned two of the benefits of bitcoins but in reality there are several such benefits which makes bitcoins stand a way further than the normal currencies or the middlemen who perform international transactions by charging excess fees.

The emergence of bitcoins might ruin their businesses which would always be a threat to them as well as the governments of various nations because the government too charges a lot of tax for such transactions which would be transacted for minimum charges with bitcoins. Bitcoins would unlock the next level of payments if ever they are considered to enter the mainstream monetary system.
full member
Activity: 1204
Merit: 104
February 01, 2020, 07:35:10 AM
#81
I am not surprised. If Bitcoin gets worldwide acceptability, then the role of the middlemen in the financial sector will come to an end. When I mean middlemen, I am talking about the bankers, hedge fund managers, and those who operate money transfer and remittance services. Now Bitcoin is a direct competitor to these people and it pose an existential threat for them. Who will pay 10% for remittance service, if the same can be done with a Bitcoin-based system with just 1% fee? Also, who will keep the money in a bank account, if Bitcoin allows you to create your own wallet and store the money all by yourself?
I completely agree with your words, where you express the possibility of ending the detrimental influence of intermediaries on the world economy and on the quality of services for users.  But I would also like to mention the fact that if Bitcoin is legalized and recognized worldwide as an international cryptocurrency, means of payment and a valuable digital asset, this will lead to the completion of the state’s monopoly on increasing the amount of paper money that provokes huge inflation.
legendary
Activity: 3766
Merit: 1217
January 31, 2020, 11:45:32 PM
#80
I am not surprised. If Bitcoin gets worldwide acceptability, then the role of the middlemen in the financial sector will come to an end. When I mean middlemen, I am talking about the bankers, hedge fund managers, and those who operate money transfer and remittance services. Now Bitcoin is a direct competitor to these people and it pose an existential threat for them. Who will pay 10% for remittance service, if the same can be done with a Bitcoin-based system with just 1% fee? Also, who will keep the money in a bank account, if Bitcoin allows you to create your own wallet and store the money all by yourself?
sr. member
Activity: 994
Merit: 257
January 31, 2020, 12:49:45 PM
#79
This is nothing new,
Since the birth of Bitcoin many people have been opposed to it but they have been unable to do anything.
You have to remember that the more people support bitcoin than the people who oppose it.
Most of those that oppose bitcoin are the ones at the top, they do not want that bitcoin succeeds because that will mean they will have to adapt to a new set of rules that they cannot change and this is something they do not like at all, people in the other hand support bitcoin because they see in it the possibility of finally having a fair economy in which the governments cannot steal your money as easily as they can do now with inflation and their useless fiat.
sr. member
Activity: 742
Merit: 251
January 24, 2020, 11:56:14 AM
#78
Its quite alarming but I guess these people are also making money out of crypto. So most likely they cannot easily make some changes on it. There are lot of discussions about this already. If we always stick on it we will be left behind. Might as well be more productive and earn crypto more to bit the inflation rate.
The huge advancement and developments brought out by crypto in this short period of time after its production is the answer of your question. No big powers, no authorities can be a threat for it. You are very right, we should put our focus on how we can make this market more beneficial for us, by adopting the various ways of earning it offers we can fight inflation and many other societal issues.
sr. member
Activity: 910
Merit: 253
Hodlers Network
January 24, 2020, 11:11:29 AM
#77
Most of billionaires and government financial institutions against the crypto because they dont want to allow financial freedom to common people.Financial regular authorities believe that crypto will encourage illegal activities.Fiat money also used for illegal purpose but still no any government succesful to stop the illegal activities.Crypto will benefit all over the population and will use for the poaitive purpose like jobless people will earn from crypto for survival.
sr. member
Activity: 756
Merit: 251
January 24, 2020, 08:45:24 AM
#76
Its quite alarming but I guess these people are also making money out of crypto. So most likely they cannot easily make some changes on it. There are lot of discussions about this already. If we always stick on it we will be left behind. Might as well be more productive and earn crypto more to bit the inflation rate.
sr. member
Activity: 1036
Merit: 275
January 24, 2020, 08:02:33 AM
#75
I just read this article and it really startled me. Seems "the big boys" are not betting on the crypto horse and would hope to see it die out.
Guess that is no news but when social media platforms are applying this type of censorship it crosses some limits in my book.
https://news.bitcoin.com/speculation-abounds-regarding-youtubes-removal-of-crypto-content/
Is this the beginning for a new crypto exclusive youtube clone?

This news is not anything new or surprise to us in the crypto space. It is a normal reaction by people who don't really understand and know what cryptocurrency or Bitcoin is and how relevant it is to the entire financial ecosystem. Also, people should understand that cryptocurrency do not need the acceptance of the so called big powers. They have no control over cryptocurrency or bitcoin...
sr. member
Activity: 1120
Merit: 255
January 24, 2020, 07:04:32 AM
#74
I just read this article and it really startled me. Seems "the big boys" are not betting on the crypto horse and would hope to see it die out.
Guess that is no news but when social media platforms are applying this type of censorship it crosses some limits in my book.
https://news.bitcoin.com/speculation-abounds-regarding-youtubes-removal-of-crypto-content/
Is this the beginning for a new crypto exclusive youtube clone?
No one, no individual and no power or government can control, manipulate, ban, hack or kill a worldwide distributed open-source peer-to-peer cryptographically secured decentralised system. Bitcoins will continue to increase in value, more than gold and silver, there will only be 21 million bitcoins ever, they are cryptographically and mathematically secured, it is decentralized, so can't be banned, co-opted or confiscated/stolen by any central group or government, you hold your own private keys. The future economy is digital and decentralized.
full member
Activity: 2520
Merit: 204
January 24, 2020, 12:18:32 AM
#73
Those that don’t buy in or invest are going to get left behind. Those that get in early will rep the greatest reward. Bitcoin isn’t going away.
bitcoin is getting nowhere but Adoption and those Big Powers mentioned on top?will regret their stands and decision in future.there are no place like crypto investments because in this we have our own rights and control to our assets and no one can take this from us.
Bitcoin already existing for more than a decade, and we know how much people doesn't like this idea, especially big power name in every country, they doesn't want Bitcoin as they don't want this idea as they can't control it, so what happened? After a decade, we  have proven enough that they can't have the power to let us stop, so we should not worry about it.
don't worry the more they attack bitcoin is the More popularity it gets,and we might not know that these people are not really against Bitcoin instead they are investing silently like what some whales do in the past.
sr. member
Activity: 812
Merit: 260
January 23, 2020, 11:55:31 PM
#72
Bitcoin already existing for more than a decade, and we know how much people doesn't like this idea, especially big power name in every country, they doesn't want Bitcoin as they don't want this idea as they can't control it, so what happened? After a decade, we  have proven enough that they can't have the power to let us stop, so we should not worry about it.
sr. member
Activity: 714
Merit: 254
January 23, 2020, 10:10:17 PM
#71
Big power come from government and fiat currency against cryptocurrency become legal payment at the future, they always fight how to make bad reputation of bitcoin and never allowed bitcoin become legal currency payment because can make their reputation have lower at the future, but I ask to big power never banned bitcoin as investment assets.

Those are the people who are in favor because they can't have power over crypto and we know how much crypto can bring to the masses. They don't want change as they just want their own pocket to be rich and they want to control the people so we should not let them dictate us, it's about time.
sr. member
Activity: 1344
Merit: 270
January 23, 2020, 09:35:40 PM
#70
Big power come from government and fiat currency against cryptocurrency become legal payment at the future, they always fight how to make bad reputation of bitcoin and never allowed bitcoin become legal currency payment because can make their reputation have lower at the future, but I ask to big power never banned bitcoin as investment assets.
jr. member
Activity: 58
Merit: 6
░N░A░N░N░U░
January 23, 2020, 08:07:37 PM
#69
This is nothing new,
Since the birth of Bitcoin many people have been opposed to it but they have been unable to do anything.
You have to remember that the more people support bitcoin than the people who oppose it.
legendary
Activity: 2436
Merit: 1140
duelbits.com
January 23, 2020, 06:59:34 PM
#68
There will be many interests related to crypto, especially Bitcoin and its development.
At present crypto is very much developing and continues to grow. So there will be concerns if crypto will become the focal point of the worldwide financial system. In addition, many countries that have not legalized crypto are also due to the interests and conditions of each country whether they have been able to adopt it or not.

However, it's not actually clear that YouTube is cracking down on crypto-related broadcasters. This may be a coordinated mass-flagging attack:
I'm also not sure about that especially if the promotion of crypto does not violate the broadcasting provisions on YouTube. Because I've actually heard the relation between one of the founders of YouTube with a crypto project. And they support it.
sr. member
Activity: 994
Merit: 257
January 23, 2020, 11:20:59 AM
#67
Frankly speaking, it's their own loss. There are many big companies who have understood and started the research on crypto as well as blockchain. Sooner or later everyone will get to know the value. So holding our coins till then would be our goal to survive.

Yes, it is the future and if they are not going to keep up they will regret it so much. They should be getting involved and invest early. They should be planning for the future by getting ready to make their own blockchain ready to launch ahead of everyone else instead of fighting it.
Taking into account how Google is not afraid to try their hands on anything as long as they can make money with it, it surprises me they did not did the same as Facebook and tried to release their own cryptocurrency it seems as if they knew the reaction Facebook got will be guaranteed and that is why they have not even bother to do it, however we do not need Google or YouTube, as long as bitcoin is the superior currency that knowledge will eventually become widespread even if a ban on those services took place.
hero member
Activity: 1862
Merit: 574
Leading Crypto Sports Betting & Casino Platform
January 21, 2020, 11:10:36 AM
#66
Who cares what YouTube or Google says about crypto? Have an opinion on Bitcoin, do not pay attention to other people's statements. That is how you reach the truth

YouTube restored deleted contents and its now a settled issue b/w crypto and YouTube. YouTube said that its due to mistake in algorithm. I think there were just 250 videos which got affected due to this.
Same for Google, I don’t find any hurdle in find crypto contents through Google search. 

the algorithm error that occurred was quite the topic of conversation at the time, but they had acknowledged it.
algorithm errors can indeed occur, because the system works automatically when there is an error report the new operator checks.
sr. member
Activity: 1610
Merit: 301
*STOP NOWHERE*
January 21, 2020, 10:59:17 AM
#65
Who cares what YouTube or Google says about crypto? Have an opinion on Bitcoin, do not pay attention to other people's statements. That is how you reach the truth

YouTube restored deleted contents and its now a settled issue b/w crypto and YouTube. YouTube said that its due to mistake in algorithm. I think there were just 250 videos which got affected due to this.
Same for Google, I don’t find any hurdle in find crypto contents through Google search. 
legendary
Activity: 3346
Merit: 3130
January 20, 2020, 04:08:35 PM
#64
Who cares what YouTube or Google says about crypto? Have an opinion on Bitcoin, do not pay attention to other people's statements. That is how you reach the truth

Wise words. There are a lot of people talking shit about bitcoin out there, and we could have our own criteria to take desitions about the future of bitcoin.

An important part is to read the news and have some Information source, but you should never believe what you read, people should ask themselves about how real sound the article and how good is the source.
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