Need bitcoin control? - page 3. | Bitcointalksearch.org

Bonsaiav

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Quote from: amorfuse on November 06, 2018, 05:06:05 PM

In the foreseeable future, each developed country will create its own crypto currency, provided by the national currency.

How much can this contradict the very idea of Bitcoin as a free, decentralized system?

Need cryptocurrency state control?

What you think is very similar to what I thought before, until now this thought still plays in my mind.

Maybe everything will conflict with the idea of bitcoin created by Satoshi Nakamoto, except the blockchain. As we know, most countries are more likely to reject bitcoin as a payment method, but most of them are more interested and accepting to learn and develop blockchain technology, even they have dared to adopt and implement this technology, for banking, finance and industry they. Thanks to blockchain technology, they are easy to carry out their actions in forming their new version of cryptocurrency, but the crypto nature they create may not be decentralized (having control from the authorities), if this happens in the future, most people will automatically trust him more. Well, this is what makes us afraid, if in the end they will get rid of bitcoin by force.

kimpena

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Quote from: hadveach on November 06, 2018, 06:32:55 PM

Cryptocurrencies are decentralized, and cannot be controlled, but regulations made by countries or the world can regulate the stability of crypto development.

yes, bitcoin and crypto need regulation to control security, transactions, and every crypto growth.

I agree but when it comes to the price of it, cryptocurrency will never be control or must not be control by anyone. In fact it was one of the main reasons why people like. Cryptocurrency because it is decentralised. Rules and regulations are depends to the government in every country.

CryptoGosu

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I think that cryptocurrencies claim to be an industry with big money. Therefore, I am not surprised at the news about regulation. The regulator wants to control everything related to big money.

Raidal

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By looking at the price of crypto currencies which have deteriorated throughout the year, I honestly choose if we recommend that only bitcoin and other crypto currencies be controlled. When this crypto currency is controlled, the price of the crypto currency can be more stable and regulated. But I am sure this will change the existence of crypto currencies as decentralized crypto currencies. But there is nothing wrong if this decision is considered so that we can get certainty. With the price of ups and downs and full of surprises this makes us just wary of betting on losses. We are risking ourselves at great risk because the prices in the market are very shocking and can change drastically. As a crypto currency player, maybe some people still want crypto currencies to be unregulated but if the conditions drag on and on it decreases then maybe becoming a centralized system is a more appropriate decision.

a4techer

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I don't think that government take control the cryptocurrency because I doubt that every country creating own coins? As of now not all country accepting cryptocurrency but we hope they also embrace and accept it for us to easy to transact. We don't need government to control cryptocurrency but we need government set an rules and regulation in terms of transaction for us to avoid scamming and any illegal transaction.

kavindra

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No matter if every country creates its own custom digital or crypto currency, it is good for the improvement of crypto currency. It will not affect Bitcoin because all we know that Bitcoin was created for p2p transactions. The holders are free to do transactions anytime they want, and the price is not controlled or influenced by any institutions. The price is depending on the holders.

However, there are many opinions that say bitcoin is probably becoming more secure when it is controlled by government or other entity. That is probably true, but it breaks the aims of Bitcoin which decentralized system.

Belec

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Yes, bitcoin control is necessary, it would help in a lot of things, such as trade, it would be much safer, and that bitcoin was safer to attract new investors, so bitcoin would progress.

Zadeket

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Quote from: Futureglory on November 22, 2018, 12:58:36 PM

It will never be of any use when all nations create their own cryprocurrency and I actually do not see such thing to come and as such if that be the case then things will fall apart as we see a lot of national currencies just at the mercy of the US dollar. And if it possible bitcoin will still be the control of all crypto market.

Of course anyone cannot control or control the price of bitcoin to become a reference for altcoins. All independent cryptocurrency, depending on the market, will move up or down. The government cannot intervene, but can make regulations that limit the area where bitcoin can be used, an explanation of the business fields that bitcoin can be used as payments, etc. The aim is that as a payment instrument, Bitcoin has legal certainty.

SUDARMONO

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I think this is very contrary to the purpose of bitcoin, because we know for ourselves that the purpose of bitcoin is to be decentralized without government regulation.

bdc2343

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Quote from: callyf on November 18, 2018, 12:17:06 PM

Bitcoin control is necessary but those who believe bitcoin go high that not happy with when it in control

Me too, I also do not quite trust the bitcoin will be controlled, may be like the bank but so money can be guaranteed. I believe choosing investment BTC is due to the decentralization, I do not want the BTC to be controlled, even in the future Cry

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memecoin

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Quote from: amorfuse on November 06, 2018, 05:06:05 PM

In the foreseeable future, each developed country will create its own crypto currency, provided by the national currency.

How much can this contradict the very idea of Bitcoin as a free, decentralized system?

Need cryptocurrency state control?

In my opinion, creating new coins is not necessary. Because the current bitcoin has stabilized and we need to upgrade it to keep up with the times, instead of creating new coins that are deemed safe then missing Huh

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NelfiNovita

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Quote from: amorfuse on November 06, 2018, 05:06:05 PM

In the foreseeable future, each developed country will create its own crypto currency, provided by the national currency.

How much can this contradict the very idea of Bitcoin as a free, decentralized system?

Need cryptocurrency state control?

if in the future developed countries are able to create crypto currencies themselves, this will certainly affect the existence of bitcoin, and allow bitcoin to weaken because of this.
but that can all happen if the new crypto currency has the criteria and multifunction like bitcoin, if not bitcoin cannot be defeated.

sudeshkumar

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Decentralization and the decontrol with blockchain technology are the main features of the cryptocurrency market and the root cause of the emergence of the Bitcoin ,imposing control means to destroy its basic features.

levvv

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Quote from: amorfuse on November 06, 2018, 05:06:05 PM

In the foreseeable future, each developed country will create its own crypto currency, provided by the national currency.

How much can this contradict the very idea of Bitcoin as a free, decentralized system?

Need cryptocurrency state control?

I think it is not they are controlling bitcoin, but they are regulating bitcoin usage.
When a country wants to legalize bitcoin usage among their peoples, the government will need to regulate btc,
so there won't be any peoples using btc for bad purpose like scamming, or steal other's in their country.

Futureglory

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It will never be of any use when all nations create their own cryprocurrency and I actually do not see such thing to come and as such if that be the case then things will fall apart as we see a lot of national currencies just at the mercy of the US dollar. And if it possible bitcoin will still be the control of all crypto market.

bosta20

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To me personally....the technology CAN'T be control! But am advocating for services and start-ups in the space should be control....even ICOs; they need some level of regulations!

gulshan1

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Block chain is totally decentralized and not controlling by the any individual entity or any body, so that's why it is impossible to control on the internet. Bitcoin is not running in even single country and it is internet based currency buy and sell system which can use any body at any where and any time in the world.

jaloto

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Creation of the national crypto won't change a thing. Maybe, national digital currency will be more suitable for performing payments, but it will be fully controlled by the government in the same way as fiats are now. Bitcoin needs not control but regulations and also institutional investors.

tanxpresisit514

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Quote from: beliomir on November 14, 2018, 04:47:02 AM

These currencies will be contrary to the idea of creating Bitcoin. But I think they won't affect bitcoin itself.

Bitcoin was created as a digital currency with the aim of not depending on the government, meaning that the government cannot intervene and control bitcoin.
However, in its development, many countries prohibit bitcoin because it cannot be controlled. So, for the future so that bitcoin can be accepted by all countries, there must be modifications so that the government can get taxes and can protect its citizens from fraud.

Coin-1

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Quote from: hadveach on November 06, 2018, 06:32:55 PM

Cryptocurrencies are decentralized, and cannot be controlled, but regulations made by countries or the world can regulate the stability of crypto development.

Yes, Bitcoin is designed to be a decentralized crypto currency without transaction censorship and it cannot be controlled technically. But nowadays most of the mining pools that have a lot of ASICs are located in China, and many investors do not like such situation. One day the chinese government can ban all the mining pools by restricting connections through their "great firewall". In this case, the global Bitcoin network will be temporarily paralyzed until the mining difficulty is reduced. I think this is a vulnerability.

I agree that the regulations are necessary to prevent money laundering and to control criminal activities, but policies of governments are different.

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