War on cryptocurrency! - page 33. | Bitcointalksearch.org

Carlsen

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Quote from: mikan111 on January 16, 2018, 04:42:40 PM

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

I give some of the governments the credit that they really want to save their citizens from losing their life savings.
Many people make investments even if they have no idea of what they are dealing with.
Those people get in and out of the investment at exactly the wrong times. And if those people go bankrupt, it's the rest of the society who has to take care of them.

Of course, not every government has those respectable motives, but some of them really do.

MainIbem

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Quote from: mikan111 on January 16, 2018, 04:42:40 PM

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

The Governments do not understand what this technology is all about. That is the reason for this war. Bitcoin to me just facilitate transfers and nothing else. It is not a physical product so it baffles me why this war. Every holder of cryptocurrency will go to the market to buy and they wouldn't buy with bitcoin but with fiat

Kaccy1

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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.

sidodadii

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Quote from: aardvark15 on January 16, 2018, 05:47:08 PM

Quote from: mikan111 on January 16, 2018, 04:42:40 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.

its like in my country. they dont know about bitcoin, send notif to all people that use bitcoin to not make transaction with bitcoin, but they want to all bitcoiners pay tax. funny!
bitcoin too dangerous from government. it can create much money, maybe they wont economic's ordinary people increase

JTEN18

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Quote from: BabyFacedGuy on January 17, 2018, 09:08:08 AM

Issues isolate to South Korea and china at this time, these being major cryptocurrency players have a big impact in the entire network, see how the prices dropped... The short term future of bitcoin is in hands of the south korean government at this stage. Like everyone else said this is about regulation and these guys are closing major exchanges as a mean to 'regulate' only causing the prices to drop. This is not good for the currency nor for us at all but let's see what happens...

Hope we can recover soon, so that many investors that are not here in forum will not cashed out or pull out their investments, I know those people here in forum most of us are not doing panic anymore as we believe that it is just a normal and it is repetitively but still we are not withdrawing our investment but for those who are not here let us encourage them not to pull out their investment.

curry101

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Quote from: mikan111 on January 16, 2018, 04:42:40 PM

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

There are so many news about war in cryptocurrencies, like the news in china, france and south korea about cryptos. Maybe the governments in every country like to control all over cryptocurrencies. Just because they cant control crypto so they declare war on it.

Aristus

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Quote from: mikan111 on January 16, 2018, 04:42:40 PM

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

This is quite normal for them to act such manner. For cryptos are becoming now a big cause of the taxes decreasing which make lessen the amount that they can steal from people.

btc_angela

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Quote from: mikan111 on January 16, 2018, 04:42:40 PM

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

Because the government doesn't want anything that they can't get their hands on it. Crypto is decentralized, they would have a hard time to control it. The only way to it is through tighter regulations. But some of them wants a full ban.

Quote from: hualangktsld841 on January 17, 2018, 01:13:36 AM

This is what is happening. It is believed that some countries are concerned about the rapid development of bitcoin. It's hard for the government to levy a tax on the bitcoin, if people do not trade. In addition, the government is also concerned that bitcoin will weaken the legal tender voice. In the past year, we can all feel in the speeches of many national governments.

This war is already happening but it became evident last year because crypto booms and I'm sure that this year, we will see government either accepts or rejects it. This will be a long war for crypto, but I think that we can win this war at the end. Government will see that crypto is not as disruptive as they want to picture it.

BabyFacedGuy

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Issues isolate to South Korea and china at this time, these being major cryptocurrency players have a big impact in the entire network, see how the prices dropped... The short term future of bitcoin is in hands of the south korean government at this stage. Like everyone else said this is about regulation and these guys are closing major exchanges as a mean to 'regulate' only causing the prices to drop. This is not good for the currency nor for us at all but let's see what happens...

TTITA

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Quote from: mikan111 on January 16, 2018, 04:42:40 PM

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.

rickadone

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Quote from: bitbunnny on January 17, 2018, 08:42:06 AM

I would say this is exaggerated, no one didn't declare the war to cryptocurrency.
It's kind of natural thing that governments and central banks want for cryptocurrencies to be regulated and by that I don't mean banned but regulated by law in positive sense.
There are some governments, usualy in undeveloped countries with some drastic ideas of ban and similar but generaly speaking no one is making war with cryptocurrencies.

But I can get OP's concern in terms of cold-war or an undeclared financial war. Some governments like India are already started pushing hard hands toward bitcoin buyers like how they got big money by either money laundering or through black economy. This can be viewed as war against bitcoiners.

Regulations in terms of impacting the usual activities of a crypto enthusiast may lead to undesired results for the growth of bitcoin and its price levels. I am also seeing these as war in some sense.

bitbunnny

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I would say this is exaggerated, no one didn't declare the war to cryptocurrency.
It's kind of natural thing that governments and central banks want for cryptocurrencies to be regulated and by that I don't mean banned but regulated by law in positive sense.
There are some governments, usualy in undeveloped countries with some drastic ideas of ban and similar but generaly speaking no one is making war with cryptocurrencies.

shintosai

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Quote from: Baoo on January 17, 2018, 05:25:48 AM

Probably, the governments do not want to recognize digital currencies and wants to eliminate them, Because they cannot control them. Moreover, because of these currencies, there is a crisis if many banks and the high value of currencies adversely affect the economy of countries, especially with the rise of users cryptocurrencies.

In addition to that, I guess that in the future, the governments will recognize all cyrptocurrencies (particularly if it cannot eliminate them) to exploit financial profits but this may happen, but certainly on conditions.

That's the problem the government always wanted to have conditions where they will benefits instead of thinking of adopting this system
to be more useful for their payment transactions, if only those who in power realized how crypto can help the financial society then it can
be utilize for the benefits of both sides.

Nana_Marini

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Many coins in cryptocurrency is high and it is invite people to do war on cryptocurrency. So, please keep your private data with safety or your money will be stolen Roll Eyes

elitelongbowman

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Most of them are against Bitcoin because Bitcoin give their residents freedom and they don't want it happen .

ChrishAi28

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Quote from: mikan111 on January 16, 2018, 04:42:40 PM

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

Governments in all countries are practically declaring war on crypto because governments wants to take control bitcoin, we know that nobody controls bitcoin. And governments wants all transactions will be taxed.

Tonygold1967

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and how exactly do you think war on a code will take its course, like other wars on ideas or concepts? governments fighting it is the best evidence that justifies crypto's utility, exchanges just lure out people who are not yet in the rebellion and weigh down the share of crypto owners who are in it to use it for a function

Zilonglong.bucks

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Quote from: mikan111 on January 16, 2018, 04:42:40 PM

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

Basically, they cannot control cryptos online, since intetnet is very hard to track and pbase it down, it will take time to investigate stuff, specific country is earning lots of money because of bitcoin. That's why they want to have control over it.

sandpiper

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Quote from: mikan111 on January 16, 2018, 04:42:40 PM

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

Because they do not want to lose the exclusivity and the control over the currency.

Shenzou

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Quote from: mikan111 on January 16, 2018, 04:42:40 PM

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

Last year bitcoin's rise has made a huge impact on the cryptocurrency market, it became so popular and has caught the attention of a lot of investors and the fact that many people were able to make millions of dollars from this industry has put govermments in a bad situation because when they were just a mere currency used by a small percenteage of people has turned to a billion dollar industry, and because they have no control over it and are unable to track down transaction( who is it coming from and what purpouse the moeny is goping to be used for) they have started taking some serious action that are hitting the cryptocurrency community real hard.

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