The danger of the cyptocurrencies - page 39.

DavidoAlto

sr. member

Activity: 364

Merit: 250

Quote from: ausbit on October 08, 2016, 02:01:03 PM

Quote from: requester on October 04, 2016, 01:47:09 AM

The fear is they are decentralized and at any time they could get banned by government. And the number of scammer and fraud trader are in majority in cryptocurrency and for trading we should first find a legit and honest trader with whom we can deal with cryptocurrency. I have already bought 0.1 and if those get banned then I will get banned from my business.

In a few countries the governments have tried to ban bitcoin but that is just useless as the government do not know that who is using bitcoin in its state and who is not. Beside the ban the citizens use bitcoin for their online transactions and for their purchase of services etc.

Yes it is said to see governments try to ban bitcoin while bitcoin is just a payment

ausbit

legendary

Activity: 1330

Merit: 1019

Quote from: requester on October 04, 2016, 01:47:09 AM

The fear is they are decentralized and at any time they could get banned by government. And the number of scammer and fraud trader are in majority in cryptocurrency and for trading we should first find a legit and honest trader with whom we can deal with cryptocurrency. I have already bought 0.1 and if those get banned then I will get banned from my business.

In a few countries the governments have tried to ban bitcoin but that is just useless as the government do not know that who is using bitcoin in its state and who is not. Beside the ban the citizens use bitcoin for their online transactions and for their purchase of services etc.

crairezx20

legendary

Activity: 1638

Merit: 1046

Quote from: Whosdaddy on October 08, 2016, 01:29:20 PM

Quote from: justspare on October 04, 2016, 01:44:09 AM

Quote from: noictib on October 01, 2016, 04:24:47 AM

beauty of crypto currencies is only of their privacy . if it would by the government then their is no option to use crypto currency . while we will use direct other online currency instead of these . because due to control under government of country there will be restrictions of saving and transfer .

Yeah that is pretty much the only appealing part about cryptocurrencies(other than their price). If the value of cryptocurrencies didn't go up, I don't think many of us would be owning them, if anyone.

I also agree with that statement. The demand of bitcoin / cryptocurrency is higher because of its anonymity along with some other features people for a number of dealings like to use that system of transactions and that is making the use of crypto compulsory.

bitcoin has a large number of investors and more investors will come. if those adopters successfully they can attract more people and investors to invest in bitcoin that can affect the value of bitcoin in few months..

Whosdaddy

hero member

Activity: 1148

Merit: 527

Quote from: justspare on October 04, 2016, 01:44:09 AM

Quote from: noictib on October 01, 2016, 04:24:47 AM

beauty of crypto currencies is only of their privacy . if it would by the government then their is no option to use crypto currency . while we will use direct other online currency instead of these . because due to control under government of country there will be restrictions of saving and transfer .

Yeah that is pretty much the only appealing part about cryptocurrencies(other than their price). If the value of cryptocurrencies didn't go up, I don't think many of us would be owning them, if anyone.

I also agree with that statement. The demand of bitcoin / cryptocurrency is higher because of its anonymity along with some other features people for a number of dealings like to use that system of transactions and that is making the use of crypto compulsory.

jostorres

hero member

Activity: 2562

Merit: 586

Quote from: anaderwan on October 04, 2016, 10:20:41 AM

I don't find the part about Satoshi being unknown important to me at all, Satoshi simply made something and some people liked it and this system was made, I don't care the least who satoshi is in person particularly if he/she wishes to remain anonymous.

Regarding the CIA being the maker of BTC I guess this is just random though with no actual details proving or explaining it.. I guess it's just a system for sending money and doing transactions IMO.

You are right it does not affect bitcoin if Satoshi remain anonymous or he comes to screen and do not affect bitcoin if he belongs to any nation, sect or organization as now people who have invested in bitcoin have control on bitcoin and no one can alter it unless the community want to.

satdas

sr. member

Activity: 281

Merit: 250

i think it is not such an easy job and if it is happening for the betterment of the people then what is wrong in it i think we should welcome this change and should give full support to it.

Taki

hero member

Activity: 1078

Merit: 514

I also think that the world will move on just crypto currencies using in future. Paper money are going in past and even cards too. Remind the app Apple Pay. But the danger is in protection of crypto currencies. We are not feel 100% saved putting money in a bank, so what to tell about some internet services for holding money. If someone hack it you even can not find who made that.

gandame

hero member

Activity: 924

Merit: 505

Quote from: Oralmat on October 01, 2016, 08:06:35 AM

If i see the reality than nothing is happened as you said, I am not saying you are wrong, that is your thread and i respect it and also your thinking. But in my opinion, I don't think that fiat currency will be die now and ever, Crypto currency can be ended, but fiat currency always remain in the world.

Yeah crypto currency can lost any time so their is a danger in crypto currency because if no miners of crypto currency it will be dead soon. But fiat can not lost we know that fiat currency is very useful so it can not be ended.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: goinmerry on October 08, 2016, 10:54:58 AM

Quote from: QuestionAuthority on October 08, 2016, 10:11:06 AM

You watch too many sci-fi movies.

Governments need crime and terrorism to keep themselves in power, make big government important and keep their taxes massive. All criminals eventually need to convert their sales into a governments currency to buy things they need and want like cars and houses. The elimination of fiat currency and establishment of absolute government tracking of value around the world would end the need for big military and big law enforcement. That would remove power from government and cut taxes which is the last thing government wants. Fiat will be around until the last corrupt politician dies in the arms of the last surviving mega corporation. So essentially it will be around forever.

This proves that the government is really dirty specially USA which is best at making weapons of massive destruction. Of course they will look good at movies but what is the truth. I guess they are getting some shares with other countries industries with the trade of their weapons.

Yes they are really corrupt and have been since the Roman empire. Politicians can't allow the elimination of fiat. How could they take bribes without fiat?

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: QuestionAuthority on October 08, 2016, 10:11:06 AM

You watch too many sci-fi movies.

Governments need crime and terrorism to keep themselves in power, make big government important and keep their taxes massive. All criminals eventually need to convert their sales into a governments currency to buy things they need and want like cars and houses. The elimination of fiat currency and establishment of absolute government tracking of value around the world would end the need for big military and big law enforcement. That would remove power from government and cut taxes which is the last thing government wants. Fiat will be around until the last corrupt politician dies in the arms of the last surviving mega corporation. So essentially it will be around forever.

This proves that the government is really dirty specially USA which is best at making weapons of massive destruction. Of course they will look good at movies but what is the truth. I guess they are getting some shares with other countries industries with the trade of their weapons.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

You watch too many sci-fi movies.

Governments need crime and terrorism to keep themselves in power, make big government important and keep their taxes massive. All criminals eventually need to convert their sales into a governments currency to buy things they need and want like cars and houses. The elimination of fiat currency and establishment of absolute government tracking of value around the world would end the need for big military and big law enforcement. That would remove power from government and cut taxes which is the last thing government wants. Fiat will be around until the last corrupt politician dies in the arms of the last surviving mega corporation. So essentially it will be around forever.

susila_bai

hero member

Activity: 1260

Merit: 524

Quote from: Sir Alpha_goy on October 08, 2016, 09:06:34 AM

Quote from: mindrust on October 01, 2016, 03:52:50 AM

What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.

Overall your fears are warranted.

People should always remember what happens when things fall out of balance.

Why do you think Bitcoin is here in the first place?

As far as your claim about stones and toilet paper I half agree.

People will realize that the USD would make good toilet paper.

The day that they call gold "just a stone" however would be a sad day.

They might need to be reminded that following contain gold:

-Mother Boards
-Graphics cards
-Hard drives
-CPUs
-Servers
-Tablets
-Smart Phones

All of which are used to facilitate the mining, transaction verification, and campaign propagation of Bitcoin (via the internet) and all of its derivatives.

If gold is worthless then miners don't mine which means raw materials vanish into thin air.

What you told is 100% right gold and silver are not only used as ornaments but they are used in lot of products to be manufactured using this as raw materials so , i also believe that they wont go worthless.

But the fear of cryptocurrencies is also ok. that is why i dont keep fully investment in cryptocurrencies i convert them to fiat currency and invest in land as this investment cannot vanish.

Sir Alpha_goy

sr. member

Activity: 448

Merit: 250

Quote from: mindrust on October 01, 2016, 03:52:50 AM

What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.

Overall your fears are warranted.

People should always remember what happens when things fall out of balance.

Why do you think Bitcoin is here in the first place?

As far as your claim about stones and toilet paper I half agree.

People will realize that the USD would make good toilet paper.

The day that they call gold "just a stone" however would be a sad day.

They might need to be reminded that following contain gold:

-Mother Boards
-Graphics cards
-Hard drives
-CPUs
-Servers
-Tablets
-Smart Phones

All of which are used to facilitate the mining, transaction verification, and campaign propagation of Bitcoin (via the internet) and all of its derivatives.

If gold is worthless then miners don't mine which means raw materials vanish into thin air.

marleybobthedog

full member

Activity: 210

Merit: 100

I fear cryptocurrency too much because there is more chance of gaming scammed and number of scammer and fraud trader is very high in cryptocurrency. So to deal with cryptocurrency we have to be very alert and brave.

springgers

sr. member

Activity: 294

Merit: 251

Quote from: mindrust on October 07, 2016, 03:41:49 PM

Altcoins have only one aim. Only one.

Making the owners rich again. :p

The only altcoin is worth holding was litecoin but it is pretty much dead too. Was it fontas or gayser can't remember, one of these douchebags killed it.

Half true... For sure the developers get rich with an alt but not all, there's a lot of coins over there, coin about nothing, coin that promises the world, coin about future, blablabla, it's out of control.

Few alts have a good point, they are using good the blockchain, don't put everything in the same bag.

edit:

Quote from: Xenophoto on October 08, 2016, 08:38:13 AM

Quote from: mindrust on October 01, 2016, 03:52:50 AM

~Snip~

First of all, how is the government going to close our Bitcoin wallets? Do they control the internet? Are they some kind of hackers that have an access of blockchain? No. The essence of Bitcoin is that the government will never have a control with our money. They can't shut it down unless they torture you into giving them the password to you account, which is illegal btw.

Fiat becoming worthless just proves how much Bitcoins has risen. It has overcome the all of the present currencies and got rid of the useless fiat money.

If Bitcoin rises that much, then all of us will live a life of a millionaire. To be honest, OP's just overthinking and most of his ideas aren't worth answering.

They can ban the market to receive the coins, so, where do you will spend it?

Xenophoto

hero member

Activity: 826

Merit: 502

Quote from: mindrust on October 01, 2016, 03:52:50 AM

~Snip~

First of all, how is the government going to close our Bitcoin wallets? Do they control the internet? Are they some kind of hackers that have an access of blockchain? No. The essence of Bitcoin is that the government will never have a control with our money. They can't shut it down unless they torture you into giving them the password to you account, which is illegal btw.

Fiat becoming worthless just proves how much Bitcoins has risen. It has overcome the all of the present currencies and got rid of the useless fiat money.

If Bitcoin rises that much, then all of us will live a life of a millionaire. To be honest, OP's just overthinking and most of his ideas aren't worth answering.

dearbesz1219

hero member

Activity: 924

Merit: 500

Quote from: mindrust on October 01, 2016, 03:52:50 AM

You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.

Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.

There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:

If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.

What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.

Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!

I am not sure if that's a good thing. Being dependent so much on computers just scares me.

Unfortunately, I don't see any danger in crypto currency just like what happen now in Bitcoin. In fact most of the altcoins are getting good condition and very stable into it aside from they are helping bitcoin to be promote as well in different places in the countries.

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

Cryptocurrencies always have their own risk as its decentralized. With digital currency one can earn if he doesn't fear about the future of digital currency growth or about its survival. If he starts analysing the demerits of digital currency one won't easily enter into digital currency usage.

mace15

hero member

Activity: 1428

Merit: 506

Quote from: bitcoinisbest on October 08, 2016, 01:12:40 AM

Firstly government can ban the currency.
Secondly the value is not stable and can even touch to zero .
Thirdly it can be misuse as well easily.

Yes this is possible that currency be ban by government.
Since the price of this cryptocurrency is volatile and can
even brought danger to anyone.

Golftech

hero member

Activity: 2128

Merit: 520

Quote from: requester on October 08, 2016, 01:22:40 AM

begin decentralized government are again it because it could lead to money laundering system for week nation. so many government had already banned bitcoin either completely our partially like in China bank employee are not allowed to use bitcoin. so if the same happens in my country i will suffer a losses of about 0.04 btc

so better to exchange it right away to your local currency to avoid loses, we just needed to be open minded about this if many crypto traders forces the government or state it will bring btc freedom and it will break the chain of being controlled by few.

Topic: The danger of the cyptocurrencies - page 39. (Read 45202 times)