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.
The decentralised nature of Bitcoin makes it extremely difficult for Bitcoin to be banned. There are over thousands of Bitcoin nodes over the world and the government would have a hard time limiting the use of Bitcoin by banning Bitcoin nodes and websites related to Bitcoin. Even if they do aggressively ban it, users can find another way to use it and it would push it even more underground. The government can however, restrict the number of Bitcoin startups and merchants accepting them. This can at most slow the adoption of Bitcoin.
Topic: The danger of the cyptocurrencies - page 41. (Read 45204 times)
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.
Bitcoin transaction can't be banned by government but they may limit the amount of bitcoin you can exchange to fiat in your country. Even most of the countries government are being quite supportive towards the use of bitcoin and other will also soon gonna realize the potential of bitcoin.
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.
Bitcoin transaction can't be banned by government but they may limit the amount of bitcoin you can exchange to fiat in your country. Even most of the countries government are being quite supportive towards the use of bitcoin and other will also soon gonna realize the potential of bitcoin. There's a lot of dangers in digital money, well, I don't think Satoshi is from CIA or whatever and I think they don't have interest in "few billions dollars"... The big players can buy all bitcoin and still have money to make a party.
But yeah, digital money can disapear, we can se a lot of altcoins going away with ICO money, can you imagine if someone do that with a ready coin?
Well, there's a lot of risks, so that's why you should not invest all your money in cryptos
be smart and trust none.
yeah it is really not possible that satoshi is cia because bitcoins are kinda against governmentsBut yeah, digital money can disapear, we can se a lot of altcoins going away with ICO money, can you imagine if someone do that with a ready coin?
Well, there's a lot of risks, so that's why you should not invest all your money in cryptos
be smart and trust none.It is not against the government, it is to change the way banks are manipulating people. We have government banks and there are banks that are private, actually most are private. This industry have been robbing people since it started and that have to be changed. Bitcoin is offering that idea.
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.
The decentralised nature of Bitcoin makes it extremely difficult for Bitcoin to be banned. There are over thousands of Bitcoin nodes over the world and the government would have a hard time limiting the use of Bitcoin by banning Bitcoin nodes and websites related to Bitcoin. Even if they do aggressively ban it, users can find another way to use it and it would push it even more underground. The government can however, restrict the number of Bitcoin startups and merchants accepting them. This can at most slow the adoption of Bitcoin. There's a lot of dangers in digital money, well, I don't think Satoshi is from CIA or whatever and I think they don't have interest in "few billions dollars"... The big players can buy all bitcoin and still have money to make a party.
But yeah, digital money can disapear, we can se a lot of altcoins going away with ICO money, can you imagine if someone do that with a ready coin?
Well, there's a lot of risks, so that's why you should not invest all your money in cryptos be smart and trust none.
yeah it is really not possible that satoshi is cia because bitcoins are kinda against governments But yeah, digital money can disapear, we can se a lot of altcoins going away with ICO money, can you imagine if someone do that with a ready coin?
Well, there's a lot of risks, so that's why you should not invest all your money in cryptos
be smart and trust none.
I do not think that there will be any issue to us because of crypto currency but the most issues I face because of the government owned cash and the other issue is that we cannot protect cash in our home because of robbers and we have to rely on banks and these banks often suck.
Well, the danger of the cryptocurrencies is that transactions with usign them are mostly anonymous, so many people are doing illegal things with this. Maybe it's priority of every people because they feel more secure when detailes aren't easy to see and also I am likely this. I like that I when I send money my privicy is protected, it's bitcoins good and bad side, both together. Also one danger thing is that if you lost your bitcoin's wallet files or your hard disk damaged, than your bitcoins are lost if your hard drive isn't under of recover. Hope there isn't more danger sides 
Or one could learn about bitcoin and understand why none of this makes any sense.
Cash is already a losing proposition, it only goes down in value.
I believe in holding assets, not money.
BTC is an asset.
Gold is another one, but I don't like it.
Real estate has my preference. Including land, forests, ponds. I would love to own a big chunk of land.
After that, stocks.
I believe in holding assets, not money.
BTC is an asset.
Gold is another one, but I don't like it.
Real estate has my preference. Including land, forests, ponds. I would love to own a big chunk of land.
After that, stocks.
to be honest when i was reading your comment the image that i have from you is someone living in a desert in an RV while wearing a tinfoil hat and cursing the government for their experiments on the aliens on aria 51
LOL. it was very funny. I should probably agree with you. crypto currency future looks very good at this time.
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.
But, a government's ban will not stop people using a crypto currency. Being decentralized is very important for ensuring basic human rights. So, misinterpreting decentralization in wrong way is not acceptable.But I agree, running business based on bitcoin payments will not possible after government regulations. But as long as you are accepting bitcoin payments and saving them then you will not get any disturbances. Also, you need to spend back your bitcoin for your life's need instead of going for converting it back to fiats.
and so far, i think there are not many government that will ban people for using cryptocurrencies and so far i think people can trading with safe on market exchanger.
many bitcoiners that hope there are a ways for government to accept bitcoin and make legal statement of using bitcoin so people will be more safe and not worried for any of banned or forbidden from government itself while they are make trading, selling and buying bitcoin on market exchanger or localbitcoin.
Crypto currency is just like other thing like gasoline the price is always demand and supply if more people are buying gasoline and less supply the price will increase high..
So i hope that bitcoin will be accept locally in the future..
Thing is for a cryptocurrency like Bitcoin the conspiracy that the NSA is behind it wouldn't really matter. The purpose of it's source code being open source really lets us dig deeper into understanding how it functions. The whitepaper even makes things clear although it may be technically complex for few people to understand. Bitcoin nodes and miners are normal people like us, mostly miners are now those richer people who can afford costly hardware to reap benefits of mining. Bitcoin by itself has all of the transactions in a public ledger, if the Government really wanted to do this why would they do it? They still can't track trades made easily.
Poor that the acquisition and use of Bitcoins, like other cryptocurrency, be aware that cryptocurrency holders in the event of theft or loss for other reasons today are unable to defend their interests in court and administrative proceedings.
A lot of information about what can be bad in bitcoin and cryptocurrency. I have not a leg to confirm any fact, because he had not had any problems.
Cryptocurrencies can't entirely replace the cash and fiat money. It is true that they are alternative to them and by using different kind of cards, mobile wallets, virtual card etc. we are moving towards cashless world but still I think that cash will not disappear just like that. And I also don't beleive that CIA or some other intelligence service is behind this concept, this is just another conspiracy theory.
I think the biggest danger by going cashless isn't crypto itself becoming the compromised entity, it's the access to crypto. anyone who thinks it through realizes that cashless gives them total control over you.
if you want to run into crypto, and loads of people would when they realized what they'd let themselves in for, all the governments have to do is block your fiat transactions to exchanges or buying and selling services. sure, there'll still be localbitcoins and stuff but your options for getting in and out will suddenly be a lot more restrictive and not practical for most people.
if you want to run into crypto, and loads of people would when they realized what they'd let themselves in for, all the governments have to do is block your fiat transactions to exchanges or buying and selling services. sure, there'll still be localbitcoins and stuff but your options for getting in and out will suddenly be a lot more restrictive and not practical for most people.
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.
The problem is not Satoshi per se. The problem here is his stashed coins. Satoshi owns over 7.5% of bitcoins - it is more than 1.575 million of BTC.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.
Imagine if Satoshi decide to dump 1 million of his coins. What will happen? Most likely we will see the biggest market crash in the history of bitcoin.
Not to mention that people after a dick move like this will lose faith in BTC and market may never recover from it.
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.
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.
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.
But, a government's ban will not stop people using a crypto currency. Being decentralized is very important for ensuring basic human rights. So, misinterpreting decentralization in wrong way is not acceptable.But I agree, running business based on bitcoin payments will not possible after government regulations. But as long as you are accepting bitcoin payments and saving them then you will not get any disturbances. Also, you need to spend back your bitcoin for your life's need instead of going for converting it back to fiats.
and so far, i think there are not many government that will ban people for using cryptocurrencies and so far i think people can trading with safe on market exchanger.
many bitcoiners that hope there are a ways for government to accept bitcoin and make legal statement of using bitcoin so people will be more safe and not worried for any of banned or forbidden from government itself while they are make trading, selling and buying bitcoin on market exchanger or localbitcoin.
Jump to: