Need bitcoin control? - page 5. | Bitcointalksearch.org

FallenBtcAngel

newbie

Activity: 42

Merit: 0

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?

A wise state control will bring some confidence, but that must be a really wise control. If governments will grab money through controlling, nothing good will come out of it.

frednilsen

brand new

Activity: 0

Merit: 0

Quote from: Marcel555 on November 06, 2018, 05:18:29 PM

I don't see why every country would develop it's own custom cryptocurrency.
The block ledger technology can be adopted and modified to function in various sectors.

And the creation of new cryptocurrencies does not really directly affect bitcoin or it's decentralization. Nor would it give authorities control over the digital currency market.

This is not possible because many politician as black money so i think.

beliomir

full member

Activity: 539

Merit: 100

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

Allura74

full member

Activity: 546

Merit: 100

Quote from: munareal on November 14, 2018, 03:44:04 AM

National cryptocurrency is a welcome development in as much as it is not controlled by the government. This will create a massive exposure and adaptation of other cryptocurrencies by the mainstream society.

Bitcoin is design to be decentralized and I think the designer already anticipated that crypto currency have many threat at the future that most likely the government are the hesitant, so having no central control is advantage for bitcoin and it should have not to change the system.

munareal

full member

Activity: 644

Merit: 102

National cryptocurrency is a welcome development in as much as it is not controlled by the government. This will create a massive exposure and adaptation of other cryptocurrencies by the mainstream society.

piepie.asean

jr. member

Activity: 70

Merit: 1

The technology behind these types of electronic money is not a new concept. Long before, many companies were working on complete digital trading systems. However, not all systems are effective and cheap. That is why governments and banks have not been quick to adopt this technology.

xabre

full member

Activity: 580

Merit: 101

Bitcoin not needed everything control for government or other institution, many way we could help bitcoin become on the higher price by always give and support for bitcoin, we have advertise of bitcoin with good and positive news or information.

dvdrewritable

member

Activity: 280

Merit: 13

It is quite tough to control bitcoin by Government because bitcoin is decentralized and its users are anonymous so it is not possible to control bitcoin literally. But it is needed to be controlled for better security and transaction. The government should take some reliable steps to regulate bitcoin and its transaction policy.

bitfocus

member

Activity: 532

Merit: 15

if any government issue their state backed national crypto, that crypto will be heavily centralized, no doubt. so, those crypto will have Zero effect on Bitcoin.

Golftech

hero member

Activity: 2128

Merit: 520

Quote from: hahay on November 14, 2018, 01:43:59 AM

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?

Not sure the government will control bitcoin, even though they plan to release their own crypton but I'm sure they will follow the workings of the crypto world that cannot be controlled and let it move according to demand.

If they won't follow the sole purpose of bitcoin/crypto will be disregarded, they can create their own ruling inside their jurisdictions but not inside the entire market of crypto, adopting and creating their own coin can be helpful to their economy as an alternate currency where they can deal using the system to transact all over the world.

DennyPen

newbie

Activity: 84

Merit: 0

Quote from: jobukegoya on November 14, 2018, 02:46:58 AM

Quote from: zeingrind777 on November 14, 2018, 12:05:13 AM

I don't think it's necessary. If the state and the government fully control the cryptocurrency, then they will lose their basic character which is decentralized. Bitcoin should indeed be fully controlled by the holder, not the state and centralized government. If bitcoin is fully controlled by the central government, the holder will not be free to make transactions without a third party

There must be an agreement so that bitcoin can be used throughout the world, because currently many countries are not willing to accept bitcoin. The most reasonable agreement is to modify bitcoin from unmanageable to controllable, in the sense of narrowing the space for the criminals use bitcoin to carry out their actions.

Any control measures or instruments will be applied to control people's money rather than illegal activities. So that might not be a good decision for the crypto community.

DennyPen

newbie

Activity: 84

Merit: 0

Quote from: coinwizard_ on November 14, 2018, 02:32:56 AM

Whatever crypto currency they decide to create be it the petro or digital USD it eill almost certainly be tradeable as a pair with bitcoin, so it doesn't really matter about national coins if btc exists

Let's imagine USA or China come up with, let's say, digital dollar or yuan. Powered by big money, it can even outperform btc. So there's a chance btc will have to survive some attacks like the one that have taken place with BCH.

jobukegoya

newbie

Activity: 84

Merit: 0

Quote from: zeingrind777 on November 14, 2018, 12:05:13 AM

I don't think it's necessary. If the state and the government fully control the cryptocurrency, then they will lose their basic character which is decentralized. Bitcoin should indeed be fully controlled by the holder, not the state and centralized government. If bitcoin is fully controlled by the central government, the holder will not be free to make transactions without a third party

There must be an agreement so that bitcoin can be used throughout the world, because currently many countries are not willing to accept bitcoin. The most reasonable agreement is to modify bitcoin from unmanageable to controllable, in the sense of narrowing the space for the criminals use bitcoin to carry out their actions.

coinwizard_

jr. member

Activity: 336

Merit: 5

Most Advanced Crypto Exchange on the Blockchain

Whatever crypto currency they decide to create be it the petro or digital USD it eill almost certainly be tradeable as a pair with bitcoin, so it doesn't really matter about national coins if btc exists

doodle07

member

Activity: 311

Merit: 10

No, its essence will be gone. Just let it flow and for some reasons it will run smoothly, we just getting started of being recognized so and later will be an adoption. Bitcoin itself will change the way we live now so be prepared.

ict

sr. member

Activity: 466

Merit: 250

something like that will happen. all countries will make or launch crypto currencies. so that each country will have digital currency products. this can happen because every country does not want to lose investors who have provided capital in that country. so that each country will facilitate and keep investors from switching to using crypto currency products from other countries. so that investor capital will remain in that country.

andi_wahid

jr. member

Activity: 490

Merit: 7

this is very funny, bitcoin was initiated with a free and decentralized system so that it is easy to develop and not hindered by stupid government regulations that only benefit them. if they try to control it will be bad news.

hahay

legendary

Activity: 3486

Merit: 1055

Leading Crypto Sports Betting & Casino Platform

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?

Not sure the government will control bitcoin, even though they plan to release their own crypton but I'm sure they will follow the workings of the crypto world that cannot be controlled and let it move according to demand.

Royline

newbie

Activity: 28

Merit: 0

I mean absolutely fair, we have seen some countries try to make some kind of electronic money. In fact, Bitcoin and other electronic money will be financially difficult to control

NickVick

newbie

Activity: 32

Merit: 0

bitcoin does not need anyone to control it because if someone can control it, the bitcoin will cool down its decentralization

Topic: Need bitcoin control? - page 5. (Read 1372 times)