China is always two steps ahead of all other countries in terms of future tech and I think the reason why they ban crypto miners is because of their CBDC but what will happen if other countries later follow the same steps? Will this put crypto in trouble?
its possible to happen that some of the country will follow the steps of china in the future. But they all cannot take over most of trusted crypto currency in the market, what i mean they will remain as is in the future and those new digital currency that made from other countries itself will turn to be altcoins in the market in my opinion.. Indeed China is one of the main reason why market always struggle, so that's the disadvantage that most of the people who used to invest in such things will be scared to rely in it.. Indeed no one can control bitcoin and othet crypto currency in the market so that's the advantages and reason people will still used cryptocurrency rather than country digital currency. 
Topic: The future of crypto - page 6. (Read 1215 times)
China is always two steps ahead of all other countries in terms of future tech and I think the reason why they ban crypto miners is because of their CBDC but what will happen if other countries later follow the same steps? Will this put crypto in trouble?
Yes, it's true what you said, China is preparing CBDC to be an option in the future, that's why they banned crypto mining, because if crypto mining continues, CBDC will be less and less wanted.
I don't think it will have much influence if other countries also follow in their footsteps, early emerging cryptos neither of them gave room to develop, but the period was passed well by crypto itself.
This means that crypto can grow and develop by itself,
Not so influential in my view, if other countries also follow China's lead, and that has been proven by crypto.
Now these days Crypto market become most important day by day because if I see previous history crypto not have any value but now crypto have great value and in future become more successfull
What value of crypto are you talking about? But it is a more philosophical question,as on the one hand, we can consider everything to be valuable if people want to buy it. Like gold wouldn’t be valuable if people didn’t want to pay money for it. Everything is very comparatively. So we should change our conscience and accept crypro as something really valuable as we pay money for it.
China is always two steps ahead of all other countries in terms of future tech and I think the reason why they ban crypto miners is because of their CBDC but what will happen if other countries later follow the same steps? Will this put crypto in trouble?
Personally I don’t think that all countries are likely to forbid crypto. It happens in China because of their political structure . The government wants to control people, but crypto is unregulated so they can’t let it develop. They are trying to replace cryptocurrencies by creating digital yuan, but it is not the same as ordinary crypto as they will still be regulated by the government. Authorities can't accept such a strong economic rival, so they restrict everything that is connected with crypto. But some countries, on the contrary, want crypto to develop, for example, Salvador that accepts it as a national currency.
To start, I would say that China historically has been a nation that succeeded based of the intellectual property theft. They are not known for being innovators. The Chinese government is pushing blockchain technology because it allows them to better track and control their citizens because they know that whenever the economy goes bad in China, the government loses control. Russians have the world's best programmers and that's a known fact and that's why I have invested in the Russian projects NEAR and Universa.
Future of crypto is Privacy Protocol tokens.
Monero for transactions, Opacity for Storage, Waves for DEX
Monero for transactions, Opacity for Storage, Waves for DEX
I don't understand the relation between banning crypto miners and the development of future tech. Crypto miners were using graphic cards and consuming a lot of electric energy. But it wasn't like a hindrance for future tech to be developed. I think the reason why China is ahead is different than this.
But there's a reason why China has been doing that. They might ban anything that they want that intervenes with the government's interest. Some reason that we've seen is just all about the electricity consumption and temporary bans have been done for its solution. But as for China, they're banning mining but they are also one of the biggest source for the equipment that's being used for mining, manufacturers are found there and companies that's related to the supply of it. We cannot really depict what China is playing.
was it japan is the country that is leading when it comes to techonology ? also singapore too but china can be squeeze in this list .
if china bans btc it does not mean that others will follow too because they think it was a cool trend .
other countries can properly make use of cryptos , it can benefit them but banning crypto mining will only affect the operation of crypto in thier country .
if china bans btc it does not mean that others will follow too because they think it was a cool trend .
other countries can properly make use of cryptos , it can benefit them but banning crypto mining will only affect the operation of crypto in thier country .
China who?
Why would world follow them if they are literally against them? With the COVID effects many industries have started moving out of the China and shifting to nearby giant country like India and some part of Europe. Whether it’s Apple, or pharmaceutics company they are constantly moving their base to new location due to China’s furious financial bills.
Remember, banning crypto is china’s big mistake because with modern world comes modern techs and China will fail in providing that if they don’t accept bitcoin.
Why would world follow them if they are literally against them? With the COVID effects many industries have started moving out of the China and shifting to nearby giant country like India and some part of Europe. Whether it’s Apple, or pharmaceutics company they are constantly moving their base to new location due to China’s furious financial bills.
Remember, banning crypto is china’s big mistake because with modern world comes modern techs and China will fail in providing that if they don’t accept bitcoin.
Now Cryptocurrency become most of the popular in overall word Because Crypto playing a vitel rule in many thing like transection and more In other countries Crypto payment are also accepted And in future I hope many companies and industries start to getting payment in Crypto so there is no dout that the crypto have a great future
I don't understand the relation between banning crypto miners and the development of future tech. Crypto miners were using graphic cards and consuming a lot of electric energy. But it wasn't like a hindrance for future tech to be developed. I think the reason why China is ahead is different than this.
China is always two steps ahead of all other countries in terms of future tech and I think the reason why they ban crypto miners is because of their CBDC but what will happen if other countries later follow the same steps? Will this put crypto in trouble?
I don't think other countries will do the same what China did to ban Bitcoin mining, presently we have a fresh example in the form of El Salvador as we know the government of El Salvador has legalized Bitcoin after understanding its potentials and this is going to leave a positive impact on other countries hopefully we may see some more cryptocurrency adoption in further time by various countries.
Yes if all other countries at once come together to ban crypto this could affect crypto greatly but I don't see this as a possibility, there is no such hostility towards crypto that will result to such drastic measures, even though some countries are not friendly towards crypto but didn't impose harsh laws in crypto either, i think the future of crypto is bright base on all the institutions joining crypto.
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happen if other countries later follow the same steps? Will this put crypto in trouble?
There is nothing to worry about this, every country can make stable coins and they can't prohibit someone from owning Bitcoin and altcoins, in the country I live payment transactions using crypto are prohibited, but there is no prohibition for investment, we can wait for some other good news like countries El Salvador and I hope that when many countries create systems like China, then they will definitely buy Bitcoin as a digital asset that is very valuable for global economic competition.happen if other countries later follow the same steps? Will this put crypto in trouble?
although the news of the ban on crypto in China has spread widely in many countries but the evidence is that there is no similar action from other countries, and I think the future of crypto is still very good
in the crypto world there is a drama that usually repeats itself. Like China, which I have observed, bad news makes altcoins go down. In 2017 the Chinese state made news that bitcoin was illegal which China banned and caused the market to go down significantly. and in 2021 they make another drama it's the same thing. I'm sure that after this bad news is over, the future of crypto will improve againThe panic could happen because in China there are many crypto trading holders and players. the case of crypto mining is one of them. That's what makes the market a surprising move.
I believe this is related to the large crypto asset holdings in China. they panic about their government regulation.
otherwise, how can regulations for China affect the crypto market so strongly? this is really a drama.
China is always two steps ahead of all other countries in terms of future tech and I think the reason why they ban crypto miners is because of their CBDC but what will happen if other countries later follow the same steps? Will this put crypto in trouble?
China never invented anything, they just imitated it...crypto growth continues to increase from year to year, of course many countries will not be left behind with this trend. CBDCs will definitely continue to appear but they are not following China's lead. The CBDC that will be carried out by many countries in the future is definitely only to attract crypto enthusiasts.
China is always two steps ahead of all other countries in terms of future tech and I think the reason why they ban crypto miners is because of their CBDC but what will happen if other countries later follow the same steps? Will this put crypto in trouble?
China has banned crypto for many days. How much of an impact has it had on crypto so far? But yes, if many countries in the world ban crypto at the same time, it will definitely have a negative impact. I don't think it will happen because the world is now taking advantage of cryptocurrency.
I don't think other countries would do the same thing because we all know that Bitcoin is too beneficial in the economy. Most countries are actually embracing it and I do not doubt that more adoptions would happen in the future. China on the other hand has banned Bitcoin mining because they would prefer to use their own currency which they could have their full control.
If there are indeed many countries that prohibit crypto, of course it will make crypto even more chaotic and decline. Although currently there are still many countries that accept crypto and it is unlikely for crypto to be destroyed, but we must also be vigilant and remain calm. There's also a lot of news out there that vilifies crypto and that makes a lot of people worried. If this continues, I am afraid that the popularity of crypto will decrease and it will affect the market because many people are panicking and selling their crypto assets. That will make the market even more chaotic. Never mind, we have to put that thought aside and keep thinking positively about crypto that crypto can still and will still be able to provide benefits for us.
China is always two steps ahead of all other countries in terms of future tech and I think the reason why they ban crypto miners is because of their CBDC but what will happen if other countries later follow the same steps? Will this put crypto in trouble?
That is probably a little off topic here but i strongly disagree with your statement that china is always two steps ahead of all other countries in terms of technology. In terms of environmental protection, until 15 years ago they were at about the same level as the majority of Western countries were in the 1960s and 70s. At that time, China was still discharging highly polluted wastewater directly into rivers and doing similar things. The air in Beijing is still so dirty that there are disproportionately more miscarriages and other health problems there than anywhere else. So in this area they are 10 steps behind rather than 2 steps ahead.
I doubt that western country will forbid crypto mining just because china did it. China does not serve as a role model for Western countries, maybe it does for a few other asian countries.
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