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Topic: War on cryptocurrency! - page 32. (Read 4228 times)

newbie
Activity: 280
Merit: 0
March 08, 2018, 08:41:45 AM
#69
War or just restriction? War is somewhat in another level, I didn't heard countries are going against crypto but they are just limiting it due to how it can be used for illegal purposes. They're doing it to protect the value of their fiat I think and might be about corruption too.
sr. member
Activity: 552
Merit: 250
March 08, 2018, 08:35:21 AM
#68
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

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. Why they declare was kn cryptocurrency because many of business thay was affected by cryptocurrency and government thay cant handle it so that is one of the reason why they didn't like bitcoin.
newbie
Activity: 64
Merit: 0
March 08, 2018, 08:23:40 AM
#67
I think this "war" has a long way left bofore we see the back of it
member
Activity: 140
Merit: 14
March 08, 2018, 08:21:44 AM
#66
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

They ain't declaring the war. They cannot control the cryptocurrencies and that is their main problem. Instead of the war for prevailing, they had already chosen the way to adapt and that is making some usage of the cryptocurrencies to give them more benefits.
A tax system is happily embraced by the government when the crypto is included. Taxes from the crypto means additional income for the country.
They were fighting at the beginning but the smart countries are now seeing the possible benefits of adapting to the crypto market.
member
Activity: 269
Merit: 10
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March 08, 2018, 07:42:52 AM
#65
Yes it is true, the main reason is that maybe the government was afraid to beat their current money by bitcoin. Because we all know that bitcoin was so very popular and it is very valuable that's why some government and some countries are declaring war because they are against on bitcoin. In additoin, may be they don't like to use some cryptocurrencies because  they want to use their own money in their own countries. Smiley
hero member
Activity: 966
Merit: 515
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January 19, 2018, 09:49:41 AM
#64
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
In actual only those countries government are going against the cryptourrency who are not aware about the bitcoin and another crypto currency values .
And also we can see that there are many countries whoa  are much developed countries are allowing crypto currency to use in the public with taxation and big regulation system , so that people will not only use crypto but also they will pay tax for the country , so in this way no they are going to use crypto but also giving a strong power to the Economy of the growth of the country .
And also here we can see that if government will ban such things than it will not be solution because no one can stop it and people will still try to use with the use of many privacy system like vpn .
So here a type of stupidity of those countries which are going against the cryptourrency .
member
Activity: 113
Merit: 10
January 18, 2018, 06:49:59 AM
#63
Mostly in Asia Country the government have issued the bill declared that cryptocurrency are not allowed, this what happen yesterday.
Because crypto can support corruption and terorist to send the money without identity and no limit, so the government make the regulation. But in my opinion all crypto cannot banned, it was decentralized without any central bank to control of it. So it was useless, yesterday happen just temprorary panic selling.
full member
Activity: 252
Merit: 100
January 18, 2018, 05:13:09 AM
#62
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. Perhaps some good new exchanges will be authorised to be used with some good and profitable terms and conditions.
full member
Activity: 518
Merit: 106
January 18, 2018, 05:09:15 AM
#61
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
In my opinion,
1. Many countries still doubt the security of bitcoin.
2. many countries are still thinking of the best way to apply bitcoin to the country, so as not to be a loss to its citizens ..
3. bitcoin has no tax, so there is no income from bitcoin for the government.
full member
Activity: 672
Merit: 105
January 17, 2018, 10:15:37 PM
#60
War on crypto currency, what is the phrase is not excessive? Each country has a different view of crypto currency, some are not supportive and some even forbid it. they assume that the crypto currency will disrupt the economic stability of a country, because of the fluctuation of crypto currencies that are difficult to control by the state.
full member
Activity: 686
Merit: 104
January 17, 2018, 10:01:24 PM
#59
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
Bitcoin is particularly vulnerable to crime transactions. Bitcoin transactions are not through the bank and can be done and arranged alone. That's what makes bitcoin particularly vulnerable to criminal transactions, such as buying illegal weapons, marijuana, terrorist financing, and money laundering.
member
Activity: 122
Merit: 10
January 17, 2018, 09:56:59 PM
#58
Many governments are wary of crypto-currencies and botting in particular. This is a new economic phenomenon, as if controlled. Moreover, it is unclear how the authorities benefit from this asset. Here, many officials do not want to deal with digital money and simply prohibit them.
hero member
Activity: 1330
Merit: 569
January 17, 2018, 05:09:27 PM
#57
I honestly think this is happening because no one wants a challenge,imagine someone that has about 1k bitcoin back then and now do you know how much worth is that nigga now,the holder is officially rich because bitcoin has completely made him rich overnight,i pray the said Govt removes their eyes from us.

The quoted part of your message is something that can only remain a myth and not a prayer because it will never get answered. Several things will or might happen to bitcoin in the path to development and acceptance but this your prayer is not going to be one of them. Transactions will get faster, price will go up and down, fees will go lower, mining will be disrupted and a lot of that but government removing its eyes from bitcoin is never going to happen.

The war of bitcoin had begun long before a lot of us even know about bitcoin but this time, they are unleashing every weapon in their arsenal which is dealing the blow but our hope is that, its not going to last long because bitcoin will always recover and that is largely due to our very own resolution to making this happen.
sr. member
Activity: 359
Merit: 250
January 17, 2018, 03:56:40 PM
#56
Because governments do not yet know how to tax crypto money. In addition, crypto money allows domestic capital to be easily extracted abroad. In addition, governments have a systematic approach to capitalism. Crypto money is a big blow to this system. When we combine all these factors, the governments can not be more natural than the crypto money war.
legendary
Activity: 2912
Merit: 3603
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January 17, 2018, 03:38:47 PM
#55
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
I like with symbolic word conflict, where this crypto face conflicting the central bank of every country, the consequences are banning trend starting everywhere. After bitcoin had a good time last year and became mainstream, there is hope it can be accepted by the widely, but it turned out to be the opposite. Right now we don't have many option else just to hodl, forget for a moment about the prices and market fluctuation, let's unite to make crypto better by spreading good news instead of fud.

I also read quite a bit into the symbolic emergence of Bitcoin (or shall we say cryptocurrency itself, if we look at the predecessors of Bitcoin). Guys like Amir Taaki who really feel that Bitcoin needs to return to, or at least strengthen its political ideologies would definitely see Bitcoin use and spread as an indirect declaration of war against the state, against the financial and banking system.

And they resisted, and are resisting. I think it's a bit of dramatisation to say governments are declaring war on crypto but if you think about it... they're merely responding to crypto's strike against them.
full member
Activity: 728
Merit: 131
January 17, 2018, 03:20:45 PM
#54
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
actually, let's make the government of each country at the end of the line, the war is not from them it is funded by elites that control the government and some banks to fight cryptocurrencies as they are all against on people having money easily and getting better in life with bitcoin and other tokens. we all know that!
sr. member
Activity: 1232
Merit: 250
January 17, 2018, 03:17:33 PM
#53
I won't say its a war, Governments are just frightened and now they want it to be under there policy and kind of want a control over the market.
Also many government are banning exchange only to control illegal money flow. Its not a war against cryptocurrencies or bloackchain technology but its against the bad or negative aspect related to them.
jr. member
Activity: 256
Merit: 1
January 17, 2018, 11:50:41 AM
#52
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?


obviously because they can't control and track over crypto, I guess they are trying to prevent terrorism funding
member
Activity: 224
Merit: 10
January 17, 2018, 11:12:16 AM
#51
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
Because bankers see in the cryptocurrency a threat to their business. And since big money controls the government, then bans began.
member
Activity: 173
Merit: 11
January 17, 2018, 10:33:16 AM
#50
I honestly think this is happening because no one wants a challenge,imagine someone that has about 1k bitcoin back then and now do you know how much worth is that nigga now,the holder is officially rich because bitcoin has completely made him rich overnight,i pray the said Govt removes their eyes from us.
The altcoin always compete with each other in the crypto market to receive the attention and investment from the market. This determines the success and failure of a project, a coin. The competition will have a positive effect when it makes the coin continuous improvement techniques and practical applications, altcoin appear better than before if you want to survive and not forget.
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