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Topic: Power to the people (Read 506 times)

full member
Activity: 630
Merit: 102
September 02, 2022, 04:23:14 AM
#68
When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.
If you assume that following government rules not to invest in unregulated projects like Bitcoin, I think that is wrong, Bitcoin cannot be regulated or controlled by anyone does not mean it should not be invested, the fact Bitcoin has many communities around the world that still hold Bitcoin Until now, Bitcoin seems to still exist and always provide benefits to all its communities from time to time.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
September 02, 2022, 01:27:19 AM
#67
I will still choose Bitcoin for Investment, because of the freedom from Bitcoin that is not bound by government rules, because this was Satoshi's goal from the start
Decentralized Bitcoin keeps the system under control and everyone agrees with that,
Governments are not going to give up without a fight, they understand that attacking bitcoin directly will not bring them any kind of success, but it is precisely because of this that they are going against specific people and businesses instead.

Decentralization makes bitcoin strong but any point of centralization is a weak point which can be used by the governments to try to put pressure into this ecosystem, and we have several examples of this, centralized exchanges are incredibly powerful and they manage a lot of money each day, however since they are centralized governments can very easily regulate them and  they have also found a way to regulate most of the users of this market even if indirectly, because if you want to sell your coins most likely you're going to do it in a centralized exchange, and you will have to go through whatever policies governments have decided to implement.
member
Activity: 790
Merit: 44
September 01, 2022, 09:55:24 PM
#66
When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.
The government has a purpose, they are tired of regulating Bitcoin, they must be aware, not everything can be regulated by the government, now we are thinking, who is more powerful, the government or satoshi.

What the government can do with Bitcoin, nothing, they can't do much about Bitcoin, don't they realize because Bitcoin everything else exists.
sr. member
Activity: 1274
Merit: 259
September 01, 2022, 09:25:03 PM
#65
I will still choose Bitcoin for Investment, because of the freedom from Bitcoin that is not bound by government rules, because this was Satoshi's goal from the start
Decentralized Bitcoin keeps the system under control and everyone agrees with that,
member
Activity: 392
Merit: 31
September 01, 2022, 06:48:26 PM
#64
indeed your question can make sense too, but in my opinion as a beginner in bitcoin and crypto, I think investing in bitcoin is actually safer because no one will control us, because bitcoin is our common property, namely the person who holds the bitcoin. so it will definitely be safer if we invest in bitcoin.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
July 06, 2022, 11:32:47 AM
#63
When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen?
Are you sure that regulations or regulated crypto will be safer? is it really safe? Do they guarantee that the regulated crypto will be safer, not scams, or even will guarantee that the project will be rising p? In fact, no. The crypto market is not as easy as we think. It is about people around the world and about the trust in Bitcoin. Bitcoin is the first crypto, most people believe this because of this journey so far. This is different with the numerous altcoins that are created every day that will be probably heading to be shit coins.
Regulations have never been put in place to make this market safer, and what better example than what happened with icos back at 2017? Back then you could invest in icos without having to offer your personal information, however laws were passed against this and people were forced to give their personal information to those behind the icos.

What happened? Well not only people got scammed and lost their money now they lost their personal information as well and it was sold at the black markets, so regulation will not make this market safer and if anything it will make it more risky for the new investors.
staff
Activity: 2436
Merit: 2347
July 05, 2022, 03:19:17 PM
#62
I believe that the control of your money with crypto in the future will not be entirely complete, because governments will impose a tax on the use of it in all countries, as is already happening in some countries like the United States. But it's still better than trusting the traditional financial system.

My opinion is that there will be full control, but only when interacting with centralized services (the same exchanges). If you look at the current practice of crypto exchanges, there is a new wave of regulation, which implies KYC even when sending transaction to external wallets, as it was recently implemented on Dutch exchanges. Of course, this process is not fast, but it will take years and such regulation can become widespread.
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
July 05, 2022, 11:59:23 AM
#61
I believe that the control of your money with crypto in the future will not be entirely complete, because governments will impose a tax on the use of it in all countries, as is already happening in some countries like the United States. But it's still better than trusting the traditional financial system.
The point is not to make everyone rich. The point is to avoid making majority poor. That is the problem with our world, we have nearly 50% people living in unnecessary poverty, it is unnecessary because we do have enough funds to make sure they are not in poverty or at least not that many.

Instead of having 90% living in "poverty or barely living fine" levels combined, and only 1% super super wealthy and 0.01% living richer than 90% combined, we could literally have 10-20% living in poverty, 70% living decently and 10% living rich. Nobody and no company would be making hundreds of billions of dollars in profit, but nobody would die because they starved to death. I do not care if they do not work at all, NOBODY should starve to death.
jr. member
Activity: 840
Merit: 6
July 05, 2022, 07:33:50 AM
#60
The government like the status quo to remain unchanged. They don’t want everybody getting rich & having control of their own financial futures. It works for the government if everybody is in debt with loans, mortgages, credit cards. They don’t want you to be financially independent. They want you to rely on them, they like to earn huge interest % from money you borrow through them. Now is the time for you to change yours & your families future by taking control back, buy bitcoin & control your own money.
Well, I don't think it was possible at all for everyone to become rich, because there aren't enough resources for everyone. It has always been that way and is unlikely to change. Including, and with bitcoin. There are early investors with hundreds, thousands or even more than bitcoins, and there are those who have only 0.01-0.1 BTC. 21.000.000 BTC is already unevenly distributed and everyone can't become rich thanks to crypto.

But the control of the finances of citizens, this is the holy of holies for any government, and they will not give it up so easily. It is because of this that obstacles are created for the adoption of bitcoin around the world, such as the ban on mining in China.

I believe that the control of your money with crypto in the future will not be entirely complete, because governments will impose a tax on the use of it in all countries, as is already happening in some countries like the United States. But it's still better than trusting the traditional financial system.
This is a high brow discussion and a step above what I normally find on this forum. If I could upvote you and the comment you responded to I would. An argument that I would make is that they did allow a large number of people to get rich from the dot com bubble and similar events have occurred with housing bubbles. The issue, just like in crypto, is knowing when to take profits. I've been in this since 2017 and haven't taken any profits. I've used this entire time to accumulate XRP, ICP, and 0xMR. I think Q4 2022 is when the next bull run starts.
legendary
Activity: 1792
Merit: 1296
Crypto Casino and Sportsbook
July 05, 2022, 06:19:21 AM
#59
The government like the status quo to remain unchanged. They don’t want everybody getting rich & having control of their own financial futures. It works for the government if everybody is in debt with loans, mortgages, credit cards. They don’t want you to be financially independent. They want you to rely on them, they like to earn huge interest % from money you borrow through them. Now is the time for you to change yours & your families future by taking control back, buy bitcoin & control your own money.
Well, I don't think it was possible at all for everyone to become rich, because there aren't enough resources for everyone. It has always been that way and is unlikely to change. Including, and with bitcoin. There are early investors with hundreds, thousands or even more than bitcoins, and there are those who have only 0.01-0.1 BTC. 21.000.000 BTC is already unevenly distributed and everyone can't become rich thanks to crypto.

But the control of the finances of citizens, this is the holy of holies for any government, and they will not give it up so easily. It is because of this that obstacles are created for the adoption of bitcoin around the world, such as the ban on mining in China.

I believe that the control of your money with crypto in the future will not be entirely complete, because governments will impose a tax on the use of it in all countries, as is already happening in some countries like the United States. But it's still better than trusting the traditional financial system.
legendary
Activity: 3304
Merit: 1617
#1 VIP Crypto Casino
July 05, 2022, 03:13:40 AM
#58
The government like the status quo to remain unchanged. They don’t want everybody getting rich & having control of their own financial futures. It works for the government if everybody is in debt with loans, mortgages, credit cards. They don’t want you to be financially independent. They want you to rely on them, they like to earn huge interest % from money you borrow through them. Now is the time for you to change yours & your families future by taking control back, buy bitcoin & control your own money.
hero member
Activity: 2086
Merit: 553
Leading Crypto Sports Betting & Casino Platform
June 30, 2022, 06:26:13 PM
#57
When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen?
Are you sure that regulations or regulated crypto will be safer? is it really safe? Do they guarantee that the regulated crypto will be safer, not scams, or even will guarantee that the project will be rising p? In fact, no. The crypto market is not as easy as we think. It is about people around the world and about the trust in Bitcoin. Bitcoin is the first crypto, most people believe this because of this journey so far. This is different with the numerous altcoins that are created every day that will be probably heading to be shit coins.
sr. member
Activity: 425
Merit: 252
June 30, 2022, 05:33:42 PM
#56
Regulation is good but it will affect so many things. For me I think decentralization and regulation. Working together in the full way won't work as intended and making profits won't be easy because alot of things will be uncovered.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
June 30, 2022, 12:08:13 PM
#55
When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.
Anything can be regulated and that includes bitcoin, however how effective the regulation will be? That is the actual question, and I think that as long as there are people willing to fight for their privacy there will still be a sector of this market which will be impossible to regulate successfully, this has nothing to do with Satoshi as he has no control of bitcoin anymore, this has to do with the fact that bitcoin is in fact a decentralized currency.

A great deal of the projects we see in the market are in fact centralized, which means that if they do not comply the government then they will go for the owners of the project and even force them to change the rules of their networks, something not possible to do against bitcoin because even if they went against the developers and they changed the code the miners can reject the updates which are detrimental to bitcoin.
full member
Activity: 1026
Merit: 110
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June 24, 2022, 10:40:31 AM
#54
When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.

I have no idea what you mean by that. There is no argument with your words. Everyone knows that cryptocurrency is not under anyone's control. You can't say it's over. Because thousands of people invest here. Everyone trusts it. Maybe there is a little risk, so no one is sitting, everyone is investing. And explain what you want to say. That would be good.
hero member
Activity: 2716
Merit: 552
June 24, 2022, 10:07:40 AM
#53
When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.

Its not that Satoshi is nowhere to be found that the government can't regulate Bitcoin, but it is how Bitcoin was designed to be decentralized. Government are trying to regulate it many times. The KYC would be the first step and crypto taxation.
But I don't think they can officially regulate Bitcoin. They can regulate it their own way to protect it's users, but would sacrifice the user's anonymity which I don't think everyone likes it.
sr. member
Activity: 1638
Merit: 251
Hexhash.xyz
June 24, 2022, 09:50:55 AM
#52
Decentralization and regulation are conflicts with each other. Bitcoin is true Decentralization and it won't control by anyone. If the government wants to regulate, it may regulate centralized exchanges and wallets. This is something that should consider as crypto regulations. Otherwise, I don't see how the government will control non-custodial wallet transactions. It's not possible to find the address owner from the non-custodial wallet.

Indeed, decentralization means no regulator or center party. bitcoin should be decentralized, but seems like it has become centralized.
If we look at the bitcoin global hash rate mining, it centralized on mining pool which is not suppose to be.
But from year to year, bitcoin price is very sustainable and worth to buy.
hero member
Activity: 2072
Merit: 656
royalstarscasino.com
June 23, 2022, 06:26:57 PM
#51
When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen?
Does it guarantee that a regulated crypto project will be safer? Safer from what? Scammers? or also from market fluctuation?
Well, every project has its risk that we must avoid and I will not be sure enough if this is called as a safer project even if they are regulated. As we know that many projects are failed (even the regulated projects), not only because of the lack of concept, funds, or teams but also because of their inability to survive during the bear market. And this will not be related to the regulation or not. However, many people here in the crypto industry also like something decentralized and not regulated, this is what differentiated it from the real business in the world which should be regulated under certain government institutions.

Bitcoin, here, is on another level this is the first crypto, that gains higher trust by the community, hold most crypto holders, have a high value. This is different with shit projects. exactly
sr. member
Activity: 2506
Merit: 368
June 23, 2022, 05:58:48 PM
#50
When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.
Government has made their own rules to follow and we have also our own rules too that reflect how we do in the market. Let the regulation be the basis for pro government aspiring investors but for those who have seen the real worth of decentralized coins, the power to choose is within us as whatever our decision will always reflect its outcome. But one thing is certain, regulated projects do not prioritize us as it’s still subject for government full control, and that they should always get some portion of our profits which I think is unfair for us.
Well, all I can say is both regulated and unregulated crypto's are having pros and cons. People choose they allow to be use even if the government regulate it but in Bitcoin some of us choose it because of how easy it is to use than trusting your hard earned money to the government that would eventually be taken away from you if you made a some mistake. And when it comes to crypto, I think it's for investment only and not for choosing as a means of payment but of course, Bitcoin is different because it can be an investment and at the same time it can be use as a means of payment.
hero member
Activity: 3052
Merit: 606
June 23, 2022, 05:51:45 PM
#49
When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.
Government has made their own rules to follow and we have also our own rules too that reflect how we do in the market. Let the regulation be the basis for pro government aspiring investors but for those who have seen the real worth of decentralized coins, the power to choose is within us as whatever our decision will always reflect its outcome. But one thing is certain, regulated projects do not prioritize us as it’s still subject for government full control, and that they should always get some portion of our profits which I think is unfair for us.
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