The power of digital money - page 4.

Rampagoe004

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Quote from: FiveG on May 21, 2023, 01:18:39 PM

Bitcoin is an assets that we shouldn't lose or allow to dies off

Bitcoin is a cryptocurrency not a crypto asset. I see here we are talking about Bitcoin as the power of digital money and not talking about digital assets.
I believe Bitcoin will be successful in the future if the philosophy of Bitcoin as a crypto currency to make transactions and fight the Banks and avoid excessive printing, that's all a good thing. But it saddens me when I see that nowadays people are looking more at BTC as an asset to buy it when the price is low then sell it at the high price.

I don't mind wanting to get rich, but I think our goal is that making Bitcoin a cryptocurrency should become a reality.

YUriy1991

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Today, the power of digital money has been seen and worked as exemplified by Bitcoin, has presented both opportunities and challenges as well as interactions between governments and cryptocurrencies. It will continue to shape the landscape of the future for this innovation to be felt and enjoyed in light of the regulations that cryptocurrencies have brought to people around the world.

On the question of whether Bitcoin will survive if governments actively oppose or withdraw their support, I think the survival and longevity of cryptocurrencies depend on various factors such as government actions, market dynamics, technological advances, and public adoption. resilience and adaptability.

rat03gopoh

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Quote from: FiveG on May 21, 2023, 01:18:39 PM

or paper bitcoin

Important note: There is no paper version of bitcoin and there never will be an official one.

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Do you think bitcoin will stay if government totally remove their hands or stand against it?

Government opposition has occurred in several countries. Let's say China even tried to stop the ecosystem from continuing by banning bitcoin mining (which was previously the top hashrate contributor on a country basis), and a look at last year's news might surprise you^[1]. In conclusion, this is really not a Bitcoin vs government fight, it is citizens vs government fight in the context of freedom. Bitcoin is just a representation of citizen freedom.

1. https://cointelegraph.com/news/china-returns-as-2nd-top-bitcoin-mining-hub-despite-the-crypto-ban

Sebas.tian

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Quote from: FiveG

Do you think bitcoin will stay if government totally remove their hands or stand against it?

Yes, Bitcoin will stay without government support or against it, because we have seen massive citizens using Bitcoin to grow their wealth without their government make it legal in their country. Bitcoin is an asset that is not control by the government, and it will never be stop by any government representative because it was created to eliminate delay in world transaction and also remove unemployment from the whole world. Those countries that legalized Bitcoin in their land are enjoying potential benefits of Bitcoin that will make their generation not to work against Bitcoin than to do everything possible within their power to spread the good information about Bitcoin.

tbct_mt2

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Quote from: Bazzu on May 23, 2023, 10:17:27 PM

indeed if the government prohibits its citizens from investing in btc this will make it difficult for a btc investor, and it is not impossible that crypto market conditions will also decline and people will definitely sell their assets.

If they can not shut down all non KYC exchanges, they will not be able to prohibit their citizens to invest in Bitcoin.

I don't think governments will want to get a complete prohibition against Bitcoin investors and they will never succeed to shut down non KYC exchanges. Bad ones technically will have bad endings but the world is not lack of developers to build better non KYC exchanges in future.

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but bitcoin will always be there, only the price will definitely go down, but of course we won't know the truth for sure, because the crypto market is always difficult to predict.

It will be there, always even the Bitcoin network stop running. Your bitcoin will always be in your wallet, not disappear like a number in your bank account that will disappear if a bank collapses, get bankrupted and disappears.

Even if the Bitcoin network is dead (no hashrate, no miner), your will still have your coins like a collectible coin.

Bazzu

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indeed if the government prohibits its citizens from investing in btc this will make it difficult for a btc investor, and it is not impossible that crypto market conditions will also decline and people will definitely sell their assets.
but bitcoin will always be there, only the price will definitely go down, but of course we won't know the truth for sure, because the crypto market is always difficult to predict.

I think it's better to think about the moment
and positive thinking.

kro55

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Quote from: hatshepsut93 on May 21, 2023, 06:46:32 PM

Quote from: FiveG on May 21, 2023, 01:18:39 PM

have change lives and alienates poverty from the world, government are afraid of its cumulative value.

Bitcoin only changed lives of a small number of early adopters who sold for massive profit, otherwise it's not being used daily by anyone. And of course it didn't do anything to poverty on a global scale, or even on a scale of one small country like El Salvador.

And governments are not afraid of Bitcoin, why would they be afraid of something that nobody uses as a currency? They could so easily destroy the Bitcoin market by just banning centralized exchanges, yet they didn't do this, ask yourself why.

Strictly speaking, bitcoin is like any other asset, it is used for investment, and there will be winners and losers, it cannot help alleviate poverty or lift all people out of poverty.

The claims that the government is afraid of bitcoin are not entirely true, but it is true that they are also concerned about bitcoin as it is growing rapidly without regulation. But I agree with you, they cannot destroy the bitcoin network, but disrupting this market is not too difficult for them.
With just a few bans and a series of strict regulations, this market will collapse, and we will have no playing field. Many people are underestimating the power of the government. They can build this world economy, and they can also destroy it, so destroying a small market like crypto is too simple.

landheer

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bitcoin has been around for more than a decade, and indeed negative news about bitcoin is always there, but positive news is of course always there,
I think bitcoin will continue to exist because there are more and more enthusiasts so surely the government will also approve what the public likes and is interested in, maybe the government prohibits people from investing in btc because they are afraid that people will be deceived by btc investments.

so i think btc is here to stay.

Litzki1990

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Bitcoin has been running for 14 long years so far and the popularity of Bitcoin is increasing with time. Various media outlets have published various negative comments about Bitcoin and published various negative news, but the popularity of Bitcoin has not decreased. Governments of various countries have tried to stop it but this currency has automatically remained the most valuable coin in the market till now. Currently, governments of various countries are trying to accept Bitcoin instead of banning it. As you plan on whether Bitcoin will survive if the governments of all countries decide to wipe it out, I think it is possible that Bitcoin will never be wiped out.

Magic-Money

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The world is changing into technology which Bitcoin is the moving trend in online digital assets, which many institution, company or individual are trading Bitcoin as a means of making profits in the business, and the government been against Bitcoin are looking a way to stop Bitcoin business, to enable the youths doing nothing. But Bitcoin has empowered many people.

Helena Yu

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Quote from: FiveG on May 21, 2023, 01:18:39 PM

Bitcoin is an assets that we shouldn't lose or allow to dies off, if you check history of all money weather digital or paper bitcoin circulate faster in values and distributions. As highly respected as dollars not all countries have it but bitcoin is 14 years now, the world is aware of it. Do you think bitcoin will stay if government totally remove their hands or stand against it?

What did you mean about paper Bitcoin?

Will Bitcoin stay if the government completely ban Bitcoin? it depends on how you define what stay is.

Bitcoin is decentralized, even the government completely ban it, the citizens can still buy, trade or hold Bitcoin using DEX. But they need to consider to protect their privacy because the government can easily track their citizens who use Bitcoin and they might go to jail since they broke the country's laws.

death69

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Bitcoin's emergence indeed challenged the traditional financial structures that were comfortable and familiar. It's akin to a Renaissance in digital economics - out with the old, in with the new. Unlike physical assets, Bitcoin's digital nature allows it to be globally accessible, providing a level of financial inclusion previously unimaginable. It's like an all-you-can-eat buffet where everyone's invited, regardless of nationality or social status. Bitcoin doesn't discriminate; it circulates with a speed and efficiency that conventional assets cannot match.

However, the notion of governments completely withdrawing their interest in Bitcoin is as hypothetical as spotting a unicorn in your backyard. Governments may seem like the 'bad guys' in this story, but their involvement can also bring about regulation and stability, like a stern parent setting ground rules for a wild teenager. Remember, even the wildest rivers eventually find their way to the sea.

CODE200

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Quote from: FiveG on May 21, 2023, 01:18:39 PM

Before the existence of bitcoin they're many other digital economic assets that is in line with government policies like crude oil, gold and much more, government where comfortable with this assets trading online, including forex but crypto currency like bitcoin that would have change lives and alienates poverty from the world, government are afraid of its cumulative value.

I wouldn't really call oil and oil as digital assets, they're tangible and I don't see how they can be digital just because they're traded online, maybe they're quasi-digital but I don't think it's a real digital asset like bitcoin. It's not the government that's afraid of bitcoin, it's the rich cocksucker club in Wall Street that owns the banks that's scared, they're the real target, the government is just their puppet.

I have this inkling concern about digital money, as much as you all want to believe that it's the future and the fact that it's secure as you want to believe it, aren't we just one solar storm away from destroying our crypto by getting our technology fried by said solar storm? Are too reliant on this invisible house of cards?

348Judah

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Quote from: FiveG on May 21, 2023, 01:18:39 PM

Before the existence of bitcoin they're many other digital economic assets that is in line with government policies like crude oil, gold and much more, government where comfortable with this assets trading online, including forex but crypto currency like bitcoin that would have change lives and alienates poverty from the world, government are afraid of its cumulative value.

This governments you're seeing have their own reasons for doing such, although it's for their own selfish interests, those other forms of asset you've mentioned were all centralized and government can implement a constant regulations on them, but consider bitcoin being a digital cryptocurrencies that is decentralized, this means there's no central authorities that guides the use, trade or acceptabilities of bitcoin use, bitcoin is self moderated through it protocols, ot even the miners or any other developer can make changes to manipulate or control the bitcoin network.

Quote from: FiveG on May 21, 2023, 01:18:39 PM

Bitcoin is an assets that we shouldn't lose or allow to dies off, if you check history of all money weather digital or paper bitcoin circulate faster in values and distributions. As highly respected as dollars not all countries have it but bitcoin is 14 years now, the world is aware of it. Do you think bitcoin will stay if government totally remove their hands or stand against it?

They never come out to declare their support ror bitcoin and we already assume they are against it except for countries where bitcoin remains a legal tender and where the use of bitcoin is legal, that's why some deemed fot to place ban on use of bitcoin in their country because they don't want the new monetary system out of their ignorance, yet upon all these attacks, bitcoin adopt is increasing and bitcoin is still acceptable as a legal means or making payments.

ancafe

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Quote from: FiveG on May 21, 2023, 01:18:39 PM

Before the existence of bitcoin they're many other digital economic assets that is in line with government policies like crude oil, gold and much more, government where comfortable with this assets trading online, including forex but crypto currency like bitcoin that would have change lives and alienates poverty from the world, government are afraid of its cumulative value.

This does not mean that programs that are in line with the government are alternatives that can be reached by most people, except for the gold commodity which is the instrument of choice for the people with a limited number of ownership according to investment capital. The Government only considers the impact of exile and bitcoin is considered a commodity that can undermine their policy system. Even though El Salvador has proven that this is not the case and instead there are options that many people can take advantage of.

Quote from: FiveG on May 21, 2023, 01:18:39 PM

Bitcoin is an assets that we shouldn't lose or allow to dies off, if you check history of all money weather digital or paper bitcoin circulate faster in values and distributions. As highly respected as dollars not all countries have it but bitcoin is 14 years now, the world is aware of it. Do you think bitcoin will stay if government totally remove their hands or stand against it?

Look at the history of bitcoin from its inception to the present day and try to learn what percentage of governments support bitcoin adoption policies and is bitcoin becoming dead or just disappearing? Talking about effects may be true if the government opposes the existence of bitcoin globally and there are many mass bans that they carry out together, so the growth of bitcoin may experience ups and downs. But in general I don't see that potential worrying too much about whatever ban the government is trying to play.

YUriy1991

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I think the government is also very interested in BTC and the technology behind it, but at the moment it's a bit coy maybe. However, if you do get support from stakeholders, I think it's easy to run and implement. Yes, in general terms, governments play an important role in the sustainability of cryptocurrencies like Bitcoin, both the situation and the views of governments vary in different countries. Well, this is where the importance of mass adoption, be it individuals, companies or institutions in terms of use. why is this necessary, so that the chances of survival are greater despite efforts If governments actively ban or inhibit the use of Bitcoin.

yudi09

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Quote from: FiveG on May 21, 2023, 01:18:39 PM

... Do you think bitcoin will stay if government totally remove their hands or stand against it?

Bitcoin will not affect whether or not the government agrees because Bitcoin does not belong to them like fiat currency.
Governments may regulate fiat currency as an employer who regulates by the rules that are made, but they cannot regulate Bitcoin because Bitcoin is decentralized, has nothing to do with the government and Bitcoin will still exist even if the government does not support it.

Some countries have banned all activities related to crypto including Bitcoin, but they were not successful and many users who live in countries where it is banned can still do activities with Bitcoin.

Zlantann

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Quote from: FiveG on May 21, 2023, 01:18:39 PM

Before the existence of bitcoin they're many other digital economic assets that is in line with government policies like crude oil, gold and much more, government where comfortable with this assets trading online, including forex but crypto currency like bitcoin that would have change lives and alienates poverty from the world, government are afraid of its cumulative value.

The government will always be comfortable with trading platforms that they can control and freely regulate. The forex and other online trading space can be easily manipulated by the Central banks and stock exchange markets to suit the plans of politicians and their cronies. They don't like Bitcoin because they cannot control a decentralized currency or investment.

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Bitcoin is an assets that we shouldn't lose or allow to dies off, if you check history of all money weather digital or paper bitcoin circulate faster in values and distributions. As highly respected as dollars not all countries have it but bitcoin is 14 years now, the world is aware of it. Do you think bitcoin will stay if government totally remove their hands or stand against it?

I don't think Bitcoin will die regardless of the attacks it is getting from some quarters. Although there have been some setbacks like some bans and restrictions some countries are also having a good view about Bitcoin. The younger generation is more attracted to Bitcoin and we have seen some politicians having the right perception of Bitcoin. I am predicting that when the political dispensation of some of the current rigid politicians elapses, the new set of leaders will have a more positive view of Bitcoin.

hd49728

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Quote from: FiveG on May 21, 2023, 01:18:39 PM

Before the existence of bitcoin they're many other digital economic assets that is in line with government policies like crude oil, gold and much more, government where comfortable with this assets trading online, including forex but crypto currency like bitcoin that would have change lives and alienates poverty from the world, government are afraid of its cumulative value.

Are you sure those things appeared digitally only after Bitcoin Genesis block appearance in 2009?

Crude oil, gold and more things were available for online trading before 2009. Online banking history. It has a long story and blossomed since 1990s, not since 2009.

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Bitcoin is an assets that we shouldn't lose or allow to dies off, if you check history of all money weather digital or paper bitcoin circulate faster in values and distributions

You can have faster confirmation time with bank transfer, Paypal, other payment methods, with altcoin networks than with Bitcoin network.

However, faster does not mean better. Bitcoin provides a most decentralized and secure payment method. No chargeback, no reversible transactions.

https://howmanyconfs.com/

fullfitlarry

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Quote from: FiveG on May 21, 2023, 01:18:39 PM

Before the existence of bitcoin they're many other digital economic assets that is in line with government policies like crude oil, gold and much more, government where comfortable with this assets trading online, including forex but crypto currency like bitcoin that would have change lives and alienates poverty from the world, government are afraid of its cumulative value.

I don't think we can compare BTC to others assets like oil and gold.

Not to burst the bubble for you, but BTC is not a magic bean that can eliminate every problems known to man including poverty.

Quote from: FiveG on May 21, 2023, 01:18:39 PM

Bitcoin is an assets that we shouldn't lose or allow to dies off, if you check history of all money weather digital or paper bitcoin circulate faster in values and distributions. As highly respected as dollars not all countries have it but bitcoin is 14 years now, the world is aware of it. Do you think bitcoin will stay if government totally remove their hands or stand against it?

Maybe what you mean is that we should get our ourselves as early on bitcoin. It's not going to die, on the other hand it will continue to grow as we inch close to the time wherein 'almost all bitcoin is mine' paradigm.

And it could happen in the next 4-4 halvings, excluding the one we will have to see next year.

Topic: The power of digital money - page 4. (Read 641 times)