Topic: The power of digital money - page 3. (Read 641 times)

The issue has always been a controversial topic and is of interest to a lot of people. How can this problem be solved in a good way around cryptocurrencies? How will they cope with increasing awareness and interest in cryptocurrencies as an alternative asset? This challenge is not small for many countries; it is true that some countries accept the use of bitcoin, but many other countries still ban it, and it is worrying for users to experience it. In the future, when bitcoin is constantly evolving, the fact that bitcoin can affect the financial sector is also worth wondering.

 

when I hear that word forex I immediately remember how the internet has become a place where many people who are creating day trade courses and charge a lot of money for the courses lie that they are specialists in day trade, they show a chart that is not moving and they lie to people that they had a successful buy and sell and people believe in this nonsense and I hardly see these gurus trading live and on a bitcoin pair, there are few people who risked trading bitcoin live, all see him on the exchange making and leaving with profit, it is not easy to trade bitcoin and this forex is the dish of scammers



sincerely, the objective of bitcoin is not to end poverty, although bitcoin is a very volatile asset and because of that it gives high profits it can also cause high losses, so a poor person who only has money to eat should not buy bitcoin, that's why one should not look at bitcoin as something that will end poverty, because it will not


bitcoin has been around for years and if governments wanted to phase out bitcoin they would have done it years ago, now it no longer makes sense to think that governments would want to get rid of bitcoin, bitcoin has already reached a stage of adoption that has become impossible to reverse and come back to the early days of years ago, I think this is pretty clear

Whenever we think like this is the perfect solution for us that is where we are completely wrong in my view we all need to understand that Bitcoin is the only solution for our current problems as self custody, cross border P2P transfers. In the future maybe Bitcoin won't be able to fix our problems so there can be another community standing as it is as we are standing with BTC for some alternative to it. It is just my view you can disagree with it. But remember nothing is perfect except for a few things.

There is no doubt that bitcoin is highly acceptable coin or asset all over the world and no one can deny its beneficial aspects but if government doesn't allow its uses then no one can use it and I think that government will hardly accept it all over the world because due to the acceptance of bitcoin the economy of the countries are badly disturbed.

I think those who are involved in bitcoin are not interested in doing jobs due to which there are are bad effects on the economy of a country.

There are lots of reason why government doesn't want bitcoin and it is certainly not because it can have a good effect towards the people financially but because, first in foremost, government doesn't want cryptocurrency mainly bitcoin because they cannot control it, tax it, and take advantage of it.

And that's quite understandable because everything that have no use with the government will be useless in their eyes and some countries like China even went to the extremes and banned it. But the people are not in the same sides with government, at least for the majority, because Satoshi Nakamoto created bitcoin so that it can help the people and use it as a hedge against inflation and be a currency that the government cannot dictate.

The main thing about cryptocurrencies is good performance in working with big data. Blockchain mechanism is ont something which will always be unique for cryptocurrencies. Nowadays main fiat currencies have become digital too, so they face problems with big data processing. Soon they can adopt blockchain mechanism and transform into pseudofiat currencies with some features of decentralised cryptocurrencies.

IMO, the government still plays an important role in the regulation and regulation of cryptocurrencies. Governments can apply policies and regulations to control and monitor the operation of the cryptocurrency market. If the government does not deal with cryptocurrencies properly, this can have negative effects on the economy and affect people's confidence in the currency. The survival of bitcoin and cryptocurrencies depends on many different factors, not just government response. Bitcoin's convenience, safety, and ability to create value have attracted those interested in and using it. The blockchain technology on which bitcoin is based is also becoming a popular technology in various fields.

So bitcoin and other cryptocurrencies can exist in the future if managed properly and used for its intended purpose. There may be changes and adjustments in regulatory and regulatory circles, but the important thing is that cryptocurrencies can help solve a number of problems in different sectors and contribute to economic development global.

Yeah that's true even though bitcoin don't have utility, all over the world know Bitcoin value is much higher than other asset or stock investment. It's difficult for goverment to anticipate of hype blockchain system and that's why World bank created new technology same as crypto but it's centralize such QRIS , Digital currency Which makes it cardless but currently bitcoin still to be number one as the best investment for to get more profit

Governments are never afraid of Bitcoin's value. the government fears this is because there is still no trace of the owner of Bitcoin so they feel that if a country fully accepts Bitcoin and keeps a large amount of money in it and at some point if Bitcoin becomes a scam then those countries will suffer a lot financially. with these in mind, governments are afraid to accept Bitcoin.

Since the government can't or won't regulate Bitcoin in any way, Bitcoin won't suffer much if the government takes their hands off Bitcoin or acts against it.  It may have a huge effect on the price for a short period of time but it will not destroy Bitcoin by any means. Currently there are many countries supporting Bitcoin, but even a few years ago, every country was against Bitcoin, so Bitcoin could not come this far?

Even though Bitcoin was just created it has been recognized by most business people around today for only a short period of time. Just like Gold which can be considered ancient but has been overtaken by bitcoin,
In addition to the topic you made, I also think that it is unlikely that other governments will oppose bitcoin because more and more people are accepting bitcoin in this generation.

Although it has only been operational for a total of 14 years, Bitcoin is becoming more and more well-known. Despite the numerous unfavorable articles and news stories about Bitcoin that have been published by different media sites, its popularity has not reduced. Although numerous governments have attempted to halt it, it has remained the most valuable coin on the market up to this point. Currently, governments around the world are attempting to accept Bitcoin rather than outright prohibit it. As you consider whether Bitcoin will endure if all national governments decide to destroy it, I believe it's possible that it won't.

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My question is that how will they (the government) tackle it because bitcoin is a decentralized system asset and the government approved those early assets to be mine and operated in the jurisdictions because they were centralized so the directors and managers were accepting the policies of the government but in bitcoin, if they tell the exchange to stop operation for the exchange of bitcoin among users then p2p transaction will take place instant which the government can't fight with. Because that has come to individual business and not group business again. When government remove their hands from bitcoin then that will be the beginning of bitcoin expansion. Now that many countries ban bitcoin and yet the citizens are using it to the fullest.

The government is afraid because they cannot get the benefits they are currently getting, so they will not use the Bitcoin concept in regulating and managing their financial system.
As far as we know, the Bitcoin system is very clear because it is decentralized and easy. This is different from the financial system of financial institutions that are under them.

Bitcoin will still exist and transactions will continue even without the government.
Like what has been said by our friends that since the first Bitcoin was born they did not suspect that the Bitcoin system is as good as it is today so that when they are aware of the concept of Bitcoin it can be a challenge for those who are greedy.
The existence of Bitcoins will continue to exist and they cannot regulate.

I didn't think until it officially became a currency. Because at this time honestly the State will not make it a currency because the value fluctuates. That goes against the fixed nature of money that many countries of the world use. I have also heard that Bitcoin was created to minimize third parties in financial transactions. The current conditions of making Bitcoin an Asset is the best thing, I hope the world does not emulate China which banned Bitcoin. Another proof Bitcoin is difficult so payments are legal is Many countries are creating CBDCs. It looks like they were inspired by Cryptocurrency.

Bitcoin will continue to compete with fiat currencies, so until now the government continues to monitor the development of bitcoin which cannot prohibit it completely in use in every community, because the value of bitcoin is currently very high so the government must also be able to take advantage of the digital currency, although it must be made a law to legalize bitcoin it will not be a problem because everyone today always obeys government regulations, But it must be something with procedures and not harm everyone, and the strength of digital currencies is now very strong, so the government will not let it go.

Bitcoins is famous for it’s decentralised nature, that is it cannot be controlled by any government or ruling body. Due to the decentralised nature of the coin, no other person (even if he is the president) can know how many Bitcoins an investor has. So if the government really remove their hands or stand against it, then still it won’t affect the coin in certain ways. If it bans exchanges, then people are so smart that they will opt for P2P deals in order to exchange their coins into FIAT.

Really agree with you but there could be many reasons why crypto is so important nowadays. The power of digital currency, especially in this time, stems from its numerous potential benefits and its ability to transform various aspects of our lives. But there may be many factors related to the government.  Many countries' economic conditions and indications make it impossible for them to implement Bitcoin as a legal form of trade or to recognize its worth as such. However, it's important to note that digital currencies also come with risks and challenges. In summary as the technology evolves, digital currencies have the potential to reshape our financial systems and empower individuals in new and exciting ways.

If the popularity of Bitcoin can be calculated step by step from the beginning till now, it can be seen that the popularity of Bitcoin has increased gradually in these 14 years.  Governments of various countries are trying to improve their country's economic system by exploiting the popularity of Bitcoin.
First El Salvador accepted Bitcoin in their country and later Bhutan government is very close to accepting Bitcoin and maybe soon they will accept Bitcoin in their country. This news is very positive news for Bitcoin. Since the people and governments of different countries are gradually adopting Bitcoin, we can expect that the government of a country that does not recognize Bitcoin will not issue a negative decision against Bitcoin.

Bitcoin's decentralized nature makes it resistant to government control. If governments were to completely remove their hands from Bitcoin, it is likely that it would continue to exist and be used as a form of currency. If governments actively stood against it, Bitcoins adoption and use could be hindered. In recent years, we have seen governments around the world take different approaches to Bitcoin. Some have embraced it and even started to regulate it, while others banned it outright. Despite these actions, Bitcoin has continued to exist and be used by millions of people. If government were to actively stand against bitcoin, they could make it more difficult for people to use it. They could pass laws that make it illegal to won or transact in Bitcoin, or they could make it more difficult for bitcoin exchanges to operate. These actions could limit bitcoin's adoption and use.