Need bitcoin control? - page 8. | Bitcointalksearch.org

worldofcoins

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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 suppose this idea is one of a middle ground but I will be concerned about losing the decentralisation and independency established by BTC. AT the same time, I recognise the need for a government supported coin. We should be more explorative as to what the different options are.

serjent05

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If indeed a country will produce its own cryptocurrency, I dont see which purpose they will be making it since they already have their own local currency, there is no substitute currency, if so one will be weakened and the other will be strengthened. So what will be the use, better change the currency at all than to play with the two. There will be no point of comparison between local government cryptocurrency and bitcoin. Both will not have the same features.

Joseph Abrams

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If bitcoin is controlled then it will no longer be bitcoin because it will then lose bitcoin's decentralization and anonymity.

Steinway-Bobb

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For some countries, they want it because they want to control the bitcoin market to contain its boom, possibly bitcoin bubbles, for example.

Herbys

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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?

Control is needed only in terms of Bitcoin price manipulation in the market, since there are many interested in this segment.

Bitcoin exit can contribute to this along with other assets of the stock market.

Snyderfx2

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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?

Government backed cryptocurrencies will be very successful in many ways if actually they decide to introduce but if we consider about the decentralized nature and other qualities there won't be a big different between traditional fiat currencies and government backed digital currencies except for the intangibility and other few benefits

AlexVoron

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I think that cryprocurrency will be prosper! And I am sure that they I will remain and decentralised currencies which will be popular as well. I think that they will not prevent one another.

gamechangers

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This may not really happen but if it does, then it won't be anything to worry about because a government's cryptocurrency cannot be fully decentralized which will still contradict the motive behind the development of bitcoin. Such development will not affect bitcoin in any way.

giantrobot

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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?

Yes, the Blockchain technology developed requires the use of electronic coins. Bitcoin has some non-conformities with governments so it is banned in some countries. And with Altcoins it has too many coin garbage, will not be useful. So, countries need to develop their own electronic money to meet the needs and requirements of the government.

crossabdd

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there are currently many digital currencies in the country. but all don't use blockchain technology. I think, in the future digital countries will adopt blockchain technology but with a controlled system. while Bitcoin will continue to run on its ideas. and that is a complement to the world currency.

Zrs

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Bitcoin can not controlled by third party. The reason behind the popularity of bitcoin is its decentralized characteristic. If control means, there no peer to peer method.I think some rules may introduce to make the bitcoin more secured currency.

haidil

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Quote from: treatWy on November 07, 2018, 05:52:12 AM

To regulate bitcoin means it is a serious and very important matter to talk about and solve the necessary issue. To control bitcoin must have confirmation from other countries who were partners with bitcoin programs. Still I am doubtful if bitcoin will become centralized which it is decentralized.

I think if bitcoin can never be controlled by any party, if bitcoin is controlled by certain parties means that bitcoin is not decentralized

treatWy

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To regulate bitcoin means it is a serious and very important matter to talk about and solve the necessary issue. To control bitcoin must have confirmation from other countries who were partners with bitcoin programs. Still I am doubtful if bitcoin will become centralized which it is decentralized.

anitaraymonds

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It may be possible but for now we must work to make cryptocurrency globally accepted first. This will increase the market base of the crypto and improve the price as the demand increases. The beauty of the crypto is the decentralization of which if taken away from it will make it to be ordinary fiat. The issue of governments creating their own crypto would have been a welcome development but it will control the crypto and then there will be no difference.

seramania

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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?

the state needs to establish control over this, I think this is a possible thing to do to anticipate the surge in crypto coins in each country. we know that sometimes it is difficult for a country to limit crypto coins so the limitation of bitcoin is the main choice.

proTECH77

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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?

Whenever the government get control over cryptocurrency or develop its own country cryptocurrency, then the system will no longer be call a decentralize system rather a strict centralize one and the idea will no longer represent Bitcoin rather a contradiction of it. Candid speaking, the government shouldn't be given the control over cryptocurrency as their control will destroy the real theory of Bitcoin.

vernl

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Quote from: nicster551 on November 07, 2018, 04:53:16 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?

If thing were so decentralize there would still be bad things that can happen. Of course when currencies go decentralize I know that a lot of people will be free to take good care of their own funds, but what if there would be no banks? Who would give us loans?

How about personal loans? Have you try one of them ? I know it still exist in real life and maybe the payback is a little bit higher than bank but it's easier to get a loan from them right ?
Of course in case you will payback that loan not scam them.

nicster551

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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 thing were so decentralize there would still be bad things that can happen. Of course when currencies go decentralize I know that a lot of people will be free to take good care of their own funds, but what if there would be no banks? Who would give us loans?

burky155

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If all the countries would have their own currency in crypto business it would be something bad and ugly. We are talking about the decentralization here, our dream is maybe one day we have only one currency and the world would come together. I am disagree with that. We have enough coin, the goverments never need to make their own coins, never!

cellard

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The up and coming destruction of physical cash and introduction of closed source government issued cryptocurrency will be the perfect catalyst for bitcoin, as it will make a strong case in why it has value, hopefully it will become increasingly obvious for the average joe.

Banning of physical cash will be great news since people will be forced to get into crypto and bitcoin has #1 security.

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