Power to the people - page 3. | Bitcointalksearch.org

Jawhead999

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Quote from: hashrateproducts on June 11, 2022, 02:47:50 PM

Not all coins are altcoins, some are just scammed token in the market. One should only go for coins that are already listed on exchanges like Binance, Kucoin

There are many coins who have been listed on top exchanges and turn become scam coin e.g. DEFI, NFT, LUNA, UST etc and those token got unlisted by top exchanges. There's no guarantee all altcoins are safe if they have been listed on top exchanges.

Quote from: Ulven on June 10, 2022, 05:58:57 PM

You can't blame governments for being wary of unregulated cryptocurrency projects, because they only want to protect citizens by warning them. Most people don't understand cryptocurrencies well enough, so they're not always aware of the risks they take. There's nothing wrong with governments being cautious

Bitcoin already proving as the most successful unregulated cryptocurrency and without a clear team behind the project. Most cryptocurrency created are centralized, that's why most of them failed since doesn't have any use case except cheap fees.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Rigon on June 11, 2022, 06:47:08 AM

We should all invest in projects that are in complete control of the market.

What are you trying to imply? A single project cannot control the market other than bitcoin. That effectively rules out any altcoin.

Quote

There are many unregulated coins that are not market limited We will never invest in those projects again. Everyone should have the ability to understand such projects Those of us who invest and eat losses all of us invest in buying uncontrolled coins which is why we eat big losses.So I will tell everyone that all of us who are there will control all the coins that are controlled by the market.

All the coins out there are non-regulated and none are going to control the market on their own. All the altcoins that you wish to invest in will turn out scam one day, so that way you statement is justified that you should not invest in either of these altcoins.

But it is tough for a newbie and even veterans to understand the backing of a project. From the frontside, it all looks good but a critical economic thought process if necessary to justify investment - which is lacking in most of the users of this forum. If you dont want to go crazy over the outcomes, better to just invest in bitcoin when it drops.

hashrateproducts

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Quote from: Rigon on June 11, 2022, 06:47:08 AM

We should all invest in projects that are in complete control of the market. There are many unregulated coins that are not market limited We will never invest in those projects again. Everyone should have the ability to understand such projects Those of us who invest and eat losses all of us invest in buying uncontrolled coins which is why we eat big losses.So I will tell everyone that all of us who are there will control all the coins that are controlled by the market.

Not all coins are altcoins, some are just scammed token in the market. One should only go for coins that are already listed on exchanges like Binance, Kucoin and By it, although there are several tokens that are on other exchanges. I prefer bagging coins that I'm familiar with and their road map is stated out publicly. Those who invest in coins that are not listed on top exchanges end up losing their funds because sometimes these projects failed in the nearest future.

Rigon

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We should all invest in projects that are in complete control of the market. There are many unregulated coins that are not market limited We will never invest in those projects again. Everyone should have the ability to understand such projects Those of us who invest and eat losses all of us invest in buying uncontrolled coins which is why we eat big losses.So I will tell everyone that all of us who are there will control all the coins that are controlled by the market.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Ulven on June 10, 2022, 05:58:57 PM

You can't blame governments for being wary of unregulated cryptocurrency projects, because they only want to protect citizens by warning them. Most people don't understand cryptocurrencies well enough, so they're not always aware of the risks they take. There's nothing wrong with governments being cautious

Correctly said, most of the people are at fault for investing in shitcoins and hype based schemes. I see not difference in the generations that came and went, all of them have the inherent risk taking notion and they all have to go in for such quick-rich schemes.

Governments have to make its people aware, so they are trying to do that through regulation in the future but even then if you dont get the wind of why the government is doing this and take it all to be a conspiracy scheme to make you poor then you are one being a brain-dead fool here.

Governments never stopped people from investing in bitcoin so do invest in it and stop investing in every memeshits out there. With the last few years charts it is very well evident that bitcoin will always be big and profitable.

Viscore

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Quote from: CryptoATM on June 10, 2022, 02:31:34 AM

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 '.

You can have two options to chose, it's either you chose yourself or you follow what the government says. The crypto market has always been like this, and that the government has always been consistent on their judgement too. To be more safe, just invest in bitcoin. Its never regulated and that you can manipulate the outcome of your investments. And you have known already how successful it is despite of the government's contradictions.

Ulven

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You can't blame governments for being wary of unregulated cryptocurrency projects, because they only want to protect citizens by warning them. Most people don't understand cryptocurrencies well enough, so they're not always aware of the risks they take. There's nothing wrong with governments being cautious

isaac_clarke22

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Quote from: CryptoATM on June 10, 2022, 02:31:34 AM

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 '.

BTC can't be regulated for its design, and not because Satoshi is still not known as of this day.
Some government just wants to milk out the investments of some people that is why they do not want them to invest in "unregulated projects". Good thing that Bitcoin is not really banned worldwide, maybe to some other countries but not all.

ampere

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Quote from: CryptoATM on June 10, 2022, 02:31:34 AM

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 disagree with you, when theres outside regulation to the crypto currency world; then there is nothing like 'power to the people' instead, you hand over power back to the government to determine and decide for you what and when you can use your own crypto assets. The blockchain should remained decentralized with DAO embraced to give power back to the people

kawetsriyanto

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Because Bitcoin is decentralized, the ways we are trading Bitcoin may be controlled again by the government by regulating certain exchanges to do KYC and most centralized exchanges require it. However, the underlined thing about Bitcoin is that this is the first cryptocurrency, the most valued crypto in the world, has never been beaten, and has had high trust from all holders and investors for years. How can it be equated with shitcoins?
Even it is about the new projects that require KYC or even the centralized projects, will it guarantee that the project is legit? NO, big no

blockman

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Quote from: CryptoATM on June 10, 2022, 02:31:34 AM

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 '.

It's totally different for bitcoin. It was all about the decentralization that it has given to everyone but these days, it's important to know the people behind new projects because they are possible to run away. BTC has proven its worth and it has started all of this decentralization and anonymity. Whilst the new projects, even it is portraying anonymity, it's hard to put trust in it especially when most of the projects today are prone to rug pulling. Unless, these projects even with anonymous team are proving themselves but it's hard to see such projects these days.

Jaered

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Yes you are right, the decision to give out your money to willing con artists is entirely up to you. Anyways, always do your own research, because ultimately it's still your money and not the government's

serjent05

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Quote from: CryptoATM on June 10, 2022, 02:31:34 AM

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?

The government can't modify the blockchain transaction or stop the Bitcoin network. Even with Satoshi missing, the Bitcoin economy continues to bloom. The only action the government can take is to implement KYC in the centralized institution that deals with cryptocurrency.

Quote from: CryptoATM on June 10, 2022, 02:31:34 AM

I believe the power to choose which project to invest in will be given to the people.

It is actually the current status in terms of investment. We are the ones who chose where to invest, how much we are going to invest, and when we are going to invest. It does not need to be given because we already have it.

Quote from: CryptoATM on June 10, 2022, 02:31:34 AM

The warning from the government will be ' do not invest in unregulated projects '.

It is normal for the government to issue a warning against unregulated projects because many scams are done by this kind of project. Aside from that, unregulated projects are kinda careless with their decisions that cause millions to billions of dollars lost to their investors. You can see the recent event in LUNA as an example.

Xal0lex

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What makes you think bitcoin is not regulated? Just because its founder is anonymous? I think you confuse the concepts of regulation and decentralization. Bitcoin has been regulated for a long time by most countries, legislation and tax regulations are in place, licenses for exchanges are being introduced, exchanges are introducing KYC, and the SEC is keeping a close eye on big companies that invest in bitcoin. So I wouldn't say bitcoin is unregulated, it is one of the regulated projects in the crypto industry.

Jackl87

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Quote from: CryptoATM on June 10, 2022, 02:31:34 AM

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 '.

Well as far as i know the main reason why Satoshi Nakamoto invented Bitcoin was to create a way of payment that is not controlled by countries or by federal banks. The promise and the goal of bitcoin was that everyone should be able to send payments anywhere or to receive payments from anywhere and that this can not be blocked or controlled by the authorities first before the payment goes through.
There are always rumors coming up about impending regulations for crypto currencies and what this might mean for the crypto market as a whole. Most of the time the news of such regulations have caused a drop in the prices of crypto currencies because people are stillt htinking that regulations would be a bad thing. I think we will see some form of regulation sooner or later.

mindrust

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Quote from: CryptoATM on June 10, 2022, 02:31:34 AM

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 '.

They can't regulate the bitcoin blockchain network indeed but they can regulate the FIAT gates (exchanges) and that would effectively regulate bitcoin because almost everybody trade bitcoins against the dollar or dollar based stable coins. Since those coins are centralized, once they regulate the other side of the trades, bitcoin gets regulated automatically.

If you think you can purchase stuff without the services provided by the exchanges, then the government will regulate the merchants. Dead ends everywhere.

Silberman

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Quote from: CryptoATM on June 10, 2022, 02:31:34 AM

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 '.

Bitcoin is an entity which is separate from Satoshi in a similar way how if a person creates a company the company is an entity which is separate from the owner, and even if you were to sue the company you cannot touch the assets of the owner due to their independence from each other, now while the extent of the regulations that can be applied to bitcoin is limited due to its decentralized nature, regulating bitcoin is difficult but not outright impossible as we have seen many governments establishing regulations against bitcoin for years.

Tellek Garing

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What point are you trying to make exactly, Bitcoin is decentralized and so are some altcoins, and these decentralized coins can be controlled and this is the original satoshi idea for creating Bitcoin to serve as a p2p payment method that is free from bank involvement, but centralized coins can easily be controlled and regulated.

palle11

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Quote from: CryptoATM on June 10, 2022, 02:31:34 AM

The warning from the government will be ' do not invest in unregulated projects '.

This is sounding like what they sing as song to blow away those who don't understand bitcoin or believe in themselves. As usual when they come up with such kind of threat the low IQ run off for sell and yet bitcoin still growing in awareness, adoption of a certain, the freedom keeps reaching to every corner of the world. It is what we keep hearing but the bitcoin atmosphere gets clearer with blockchain. Mostly they are doing that to protect their business which banks and financial institution represent.

kapalmabur

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Quote from: bestcoins1 on June 10, 2022, 05:45:04 AM

Quote from: CryptoATM on June 10, 2022, 02:31:34 AM

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 '.

Governments in all countries only give warnings to every citizen so as not to lose out with unregulated crypto projects and I think that is also very good for everyone because in every country there are still very many citizens who are not crypto savvy so heed the warnings from the government That's not a bad thing, I think, because the ones who come forward to stay abreast of crypto projects are those who understand the risks and only themselves who bear it when they experience losses.

Before joining the project of course everyone needs to be responsible for himself,
crypto is very risky and when someone suffers a loss due to fraud, of course the government has no right to take care of it,
That's why it's important to have such thorough preparations
learn knowledge and skills about crypto

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