War on cryptocurrency! - page 29. | Bitcointalksearch.org

Lyne01

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Quote from: mikan111 on January 16, 2018, 05:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

I think this is not happening because I dont read or see any news about that. They are not declaring war over cryptocurrency, they are just making regulations to protect their people and their money. Do not overstate what is really happening now because it may affect the bitcoin community.

thegreatdodoy

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Quote from: mikan111 on January 16, 2018, 05:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

I think this is just a speculation trying to destruct the image in the world market so bitcoin will again fluctuate to a very low price so they can buy a lot of bitcoin.

RasicaOla12

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Digital coins are a healthy competition for one another, complementing each other's missing attributes and, importantly, giving investors the opportunity to choose.

pellor mas

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The meaning of seigniorage is the difference between the cost of printing money and its nominal value. In the age of banknotes, the cost of printing money is negligible, and the government has a monopoly over printing money, so it can get all the seigniorage. It is inconceivable that governments should hand over revenues and virtual currencies like bitcoins. In fact, no government has any reason to let that happen.

gambitcoin53

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Quote from: aardvark15 on January 16, 2018, 06:47:08 PM

Quote from: mikan111 on January 16, 2018, 05:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

Governments don’t understand Bitcoin and want to control it. It is true that Bitcoin and other cryptocurrencies will be disruptive to banking as we know it. This makes them want to hold Bitcoin back. Governments also want to make sure they get their taxes from us as well.

everybody is afraid of the unknown, govts are banning bitcoin because they cannot penetrate blockchain technology, they are banning biycoin because they cannot taxed it, they canno identify the users, thanks to the algorithm of bitcoin system, it is intended not to be regulated, it is designed to be anonymous.

sepeda karat

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Cryptocurrency such as bitcoin, which is decentralized and unsupported by the government, is a highly unstable asset.
Charles Hayter, chief executive of CryptoCompare, said investors are likely to flee to safer investments as protectionist fears persist.

no0dlepunk

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There is no such thing! There was no war against crypto, what they have is a challenge on how to make money out of people who are INTO cryptocurrency.

DMCR lah

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News like this is what makes the bitcoin prices become plummeted and very influential on the price of bitcoin and other coin-coin gan, for example the first time the news china forbid its price bitcoin dropped dramatically, I think news like this is very influential on the price bitcoin

airdrophunter

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War on cryptocurrency will never cease not unless if these countries who are regulating or banning the cryptocurrencies will finally realized how important or significant cryptocurrencies in economic growth of a country. But since that's how they perceive cryptocurrency being a threat to their economic growth, then so be it.

carlisle1

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Quote from: mikan111 on January 16, 2018, 05:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

Banning doesn't mean war against cryptocurrency,some of them are just making their own policy and rules about this community so in future they will be adapting towards the economy.

And some are banning crypto because they want to protect their people for being target of scamming .

East2011

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Quote from: mikan111 on January 16, 2018, 05:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

Even though there are so many countries that don't want cryptocurrency in their country. There are still more countries that want cryptocurrency. And i am so happy that my country is starting to accept cryptocurrency.

ahmad21

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Quote from: aso118 on May 27, 2018, 08:01:56 AM

Quote from: laravuemaster on May 26, 2018, 12:37:33 PM

Quote from: mikan111 on January 16, 2018, 05:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

Government does not like cryptocurrency because they knew that it was a threat to the banks and they will lose a huge amount of profit from the banks since most of the people prefer bitcoins over placing their money on the banks.

It is not just banks which are at risk from cryptocurrencies. It is the entire existing financial order. Central banks won't be able to dictate monetary policy if cryptocurrencies become prevalent. A government may find its own people rejecting the government issued fiat currency. That is what is happening in countries like Venezuela. That is far worse than banks losing some profits.

basically the governments and the banks are raising a war against bitcoin and other cryptocurrencies merely because of these three reasons.
1. Anonymity: As cryptocurrencies are anonymous, they can be used for illegal activities by hiding the identity.
2. Decentralized: Cryptocurrencies are decentralized implying that they are not backed by any central authority. This leads to the elimination of intermediaries.
3. Loss of power from the government: The government can lose it power on the financial area due to cryptocurrencies.

aso118

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Quote from: laravuemaster on May 26, 2018, 12:37:33 PM

Quote from: mikan111 on January 16, 2018, 05:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

Government does not like cryptocurrency because they knew that it was a threat to the banks and they will lose a huge amount of profit from the banks since most of the people prefer bitcoins over placing their money on the banks.

It is not just banks which are at risk from cryptocurrencies. It is the entire existing financial order. Central banks won't be able to dictate monetary policy if cryptocurrencies become prevalent. A government may find its own people rejecting the government issued fiat currency. That is what is happening in countries like Venezuela. That is far worse than banks losing some profits.

Ilegendph

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Quote from: Sirait on May 26, 2018, 06:59:19 PM

Quote from: mikan111 on January 16, 2018, 05:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

on youtube a lot of circulating video reasons why the government why refuse cryptocurrency, they fear later cryptocurrency in use and abused by the terrorists, mafia, drug dealers and corruptors to facilitate their transactions,
I actually think that cryptocurrency can prevent it from being the other way around...

How does cryptocurrency can prevent from doing illegal things? You cannot track the owner of the wallets so how? Government impose regulations so that people couldn't use cryptocurrency for crimes.

stephanirain

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Quote from: faithupgrade on May 27, 2018, 05:52:23 AM

This can be half true, not all governments are against crypro, actually some of them are huge holders. They are using their power to cast fear in their citizens to drop their crypto holdings.. Then their whales will simply buy the cheap coins in the floor.

Quote from: mikan111 on January 16, 2018, 05:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

I totally agree that not all governments are against in bitcoin or other cryptocurrencies. Some governments just want to take over bitcoin and most people work and earn money for free that is why governments would like to put tax on it. Governments just do not see what will be the benefit of bitcoin in the economy of a country.

faithupgrade

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This can be half true, not all governments are against crypro, actually some of them are huge holders. They are using their power to cast fear in their citizens to drop their crypto holdings.. Then their whales will simply buy the cheap coins in the floor.

Quote from: mikan111 on January 16, 2018, 05:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

paulk11087

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Bitcoin is abstaining from the fact that countries are not under their control. Many even go to the road of prohibition. In fact, blockchain technology is an area where countries need to develop themselves, but unfortunately, there is not much investment yet.

Daseento

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Not only Bitcoin but cryptocurrency generally are being attacked in most countries. The reason is not far fetched, cryptocurrency takes away the economic power dominated by the government, so government are just trying to fight back. In the future, I expect government to back their paper money with cryptocurrency.

Caelanpelley

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There are many different pennies in the money market. Should there be a war between the electronic coins to survive in the market. This currency is valuable when used by many and knows it.

Bitfling

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Quote from: mikan111 on January 16, 2018, 05:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

I think its because government or central banks can not control cryptocurrency. But I think right now government not making war with cryptocurrency, i think they make a deal with it because many government start issuing many regulation about cryptocurrency so they can collect the taxes

Topic: War on cryptocurrency! - page 29. (Read 4228 times)