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Topic: War on cryptocurrency! - page 17. (Read 4228 times)

full member
Activity: 308
Merit: 100
June 20, 2018, 11:18:22 AM
The government won't accept why they can't control or gain from. The government as a whole is made up of human beings who makes decisions for their people and if the government of that country says no then it's no. I thinks its like a friendly competitions or just a mere fact that they want to gain profit of their own. Each country just want to have their own identities as a country and with tye cryptos blooming industry they are riding the wave of its popularity
member
Activity: 336
Merit: 10
June 20, 2018, 11:18:19 AM
This is because they have predicted what will happen in the future to their country with this technology. No other is economic change and can lead to lack of state income from daily transactions. In addition, there are also some countries who consider bitcoin as a threat that can help the process of financial crimes that can also harm the state.The meaning of seigniorage is the difference between the cost of printing money and its nominal value
member
Activity: 294
Merit: 10
June 20, 2018, 11:18:13 AM
Thats not actually true. Actually yes, governments are banning exchanges, ICO, and that is highly affecting the price of bitcoins but i am sure that bitcoins will pump up again with all other altcoins and also the war is perhaps temporary and will soon end up with good result. We know that government is one of the powerful position in out country and they want to control any establishment or they want to handle it
full member
Activity: 392
Merit: 100
June 20, 2018, 11:10:21 AM
many countries do not legalize bitcoin because they think bitcoin is a threat to the country, because bitcoin can not be controlled by the government of a country, I think that's the main reason so many countries are resisting bitcoin
hero member
Activity: 1246
Merit: 529
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June 20, 2018, 10:19:52 AM
Many governments are just trying to keep people under control and Bitcoin would allow them to get some kind of freedom at least financially from the government affection.

It's not going to last though. Crypto for me will revilutionize the way we do things in the future. Some governments and majority of bankers would oppose to it of course but I think it's inevitable. People will accept bitcoin as society progresses
sr. member
Activity: 363
Merit: 250
June 20, 2018, 07:24:51 AM
 Many governments are just trying to keep people under control and Bitcoin would allow them to get some kind of freedom at least financially from the government affection.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
June 20, 2018, 05:55:21 AM
Maybe it's because of the random investment scams that involved bitcoins. So many investors have complained that the government has taken action. I hope that we enjoy investment especially dubious questionable because we all know that everyone will be scams too late.
A lot of scams are really popping using bitcoin but it can't be blame to the scammers because it is the fault of the people who are still believing to making money fast which is not a too good to be true scheme and they should stop investing and believing so the scammers will not try anymore to do some illegal things in the industry of cryptocurrency. The lesser the ignorant, the lesser amount of bad people.
jr. member
Activity: 140
Merit: 1
June 20, 2018, 05:21:51 AM
Clearly, for the government, it is much better, if people put their money to national, controlled online betting, and poker sites. Than, they can take taxes, and steal the money in the same time. At least in my country Cheesy
sr. member
Activity: 462
Merit: 250
June 20, 2018, 05:18:59 AM
Maybe it's because of the random investment scams that involved bitcoins. So many investors have complained that the government has taken action. I hope that we enjoy investment especially dubious questionable because we all know that everyone will be scams too late.
full member
Activity: 896
Merit: 104
The Standard Protocol - Solving Inflation
June 20, 2018, 05:01:40 AM
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

I believe the reason the government of many countries are declaring war on bitcoin is because they are concerned with the amount of taxes they will lose. This is because bitcoin is a decentralized currency and such cannot be controlled by the government. There will be no taxes when people make transactions with bitcoin and there will also be no taxes when people exchange their bitcoins into fiat currencies.
hero member
Activity: 1820
Merit: 515
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June 20, 2018, 04:31:42 AM
Never heard of this war, but all i know is wealthy country or the which we called the first-world country is riding the waves of the popularity of cryptocurrencies. I think thereb are factors why they are doing this like, they want to have their own so that their people will use it and utilize it for someday it will be universally use in their country. Other thing is a merely healthy and friendly competition against the other countries which can be the next bitcoin. We cant aasume this probability but we just have watch out this war.
You can see those war in the form of regulation and ban on the crypto currencies because their intention is to take away the freedom of using money from the people.The are doing this because they are afraid that it will replace their national currency and also can kill the taxes and revenues from the banks.But still the adoption is in early stage so people need to utilize the decentralized technology as fast to have them or governments may supress them by continuous regulations and restrictions on them.

We all have freedom and I think freedom to know about crypto currency is very important because crypto  can be the part of our next generation and we should be are of that.
In the fiat money system we don't have the freedom of using our money because if we want to make international transaction we need to pay taxes and even we need someone's help to transact our money who called as banks.But the crypto cn give us that freedom only if we start using it as a currency as long as we are selling them for fiat we can't adopt to the new money system.
newbie
Activity: 196
Merit: 0
June 20, 2018, 04:27:32 AM
Elementary! The battle and confrontation of the government against a free currency that can enrich the people and overthrow the control over the cash flows of the arrogant oligarchs! I am against the state system that exists today in the world! It is time to change the well-being of all people for the better.  Cool
full member
Activity: 502
Merit: 100
June 20, 2018, 04:11:37 AM
Never heard of this war, but all i know is wealthy country or the which we called the first-world country is riding the waves of the popularity of cryptocurrencies. I think thereb are factors why they are doing this like, they want to have their own so that their people will use it and utilize it for someday it will be universally use in their country. Other thing is a merely healthy and friendly competition against the other countries which can be the next bitcoin. We cant aasume this probability but we just have watch out this war.
You can see those war in the form of regulation and ban on the crypto currencies because their intention is to take away the freedom of using money from the people.The are doing this because they are afraid that it will replace their national currency and also can kill the taxes and revenues from the banks.But still the adoption is in early stage so people need to utilize the decentralized technology as fast to have them or governments may supress them by continuous regulations and restrictions on them.

We all have freedom and I think freedom to know about crypto currency is very important because crypto  can be the part of our next generation and we should be are of that.
newbie
Activity: 70
Merit: 0
June 20, 2018, 03:15:06 AM
The Reason why the goverments declaring wars not on the physical war but on the online business like what we are doing in Cryptocurrencies, they wanted to have taxes from bitcoins, but cannot to happen because it is digitals currency online business, they wanted to earn from us. so they study and observe what is the best ways that they can do to get a tax from us. maybe in there standard they wanted to be part of us that is why they declare wars on cryptocurrency but cannot be happen. maybe they can join us as members of digital currency. in bitcoins but they cannot push us to give a tax in the goverment.
hero member
Activity: 1820
Merit: 515
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June 20, 2018, 02:38:44 AM
Never heard of this war, but all i know is wealthy country or the which we called the first-world country is riding the waves of the popularity of cryptocurrencies. I think thereb are factors why they are doing this like, they want to have their own so that their people will use it and utilize it for someday it will be universally use in their country. Other thing is a merely healthy and friendly competition against the other countries which can be the next bitcoin. We cant aasume this probability but we just have watch out this war.
You can see those war in the form of regulation and ban on the crypto currencies because their intention is to take away the freedom of using money from the people.The are doing this because they are afraid that it will replace their national currency and also can kill the taxes and revenues from the banks.But still the adoption is in early stage so people need to utilize the decentralized technology as fast to have them or governments may supress them by continuous regulations and restrictions on them.
hero member
Activity: 1022
Merit: 511
June 20, 2018, 01:52:01 AM
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
Some people are saying that the reason why government is against Bitcoin and other cryptocurrencies is because it is affecting their economy negatively. Well, it might be true, but I don’t think that is the main reason for their actions. They are doing this because they are not getting any tax from it.

All these greedy politicians, they are always looking for ways to fill their pockets and not help the country. That’s why they should never be allowed to control cryptocurrencies, cause if they do, we are finished; they will be worst than hackers and scammers.
jr. member
Activity: 78
Merit: 1
June 19, 2018, 04:09:30 AM
The possibility of money laundering, in the UK you can only pay cash into a bank account belongs to you (no third party payments). I'm not sure how big a problem money laundering is here but they are taking action against it.
newbie
Activity: 72
Merit: 0
June 19, 2018, 03:55:35 AM
This is bound to happen because cryptocurrencies challenge the authority of the country and the right to issue currency. The war has only just begun and it will take many years before it will bear fruit.
full member
Activity: 350
Merit: 100
June 19, 2018, 02:04:07 AM
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
Government declares war on cryptocurrencies cause they didnt know the real purpose of token or alt coins. The real problem here, right now. Cause I support cryptocurrency and it is a good idea, right to invest, and technology. I support cryptocurrency not capitalism cause here in our country
legendary
Activity: 1918
Merit: 1012
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June 19, 2018, 01:32:06 AM
Never heard of this war, but all i know is wealthy country or the which we called the first-world country is riding the waves of the popularity of cryptocurrencies. I think thereb are factors why they are doing this like, they want to have their own so that their people will use it and utilize it for someday it will be universally use in their country. Other thing is a merely healthy and friendly competition against the other countries which can be the next bitcoin. We cant aasume this probability but we just have watch out this war.

Maybe the Western World isn't that advanced in the war against cryptocurrencies, but other countries definitely have taken measures. We have all seen the Chinese clampdown on cryptocurrency exchanges, which has forced trading to move off-shore. Bitcoin is also banned in many countries, including Bangladesh. If that isn't a war, what is?
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