I do not want a country that rules over bitcoins. It will give them the power to manipulate the market which in the first place everything should be fair enough for everyone.
Like for example, China does not rule o er bitcoins but that country influences bitcoins more than any country in the world, when it spread FUDs about it, everything tumbled down and dragged some good investors down.
Now that Japan develops ahead, I think one false news can pull bitcoins down harder.
Having a superior country is not healthy for the industry.
Topic: Which country you want to rule over crypto industry? - page 2. (Read 261 times)
The problem with countries 'leading' in this market is that while initially they might contribute to more growth, but when they suddenly change their stance on crypto, they can inflict a lot of damage on this market.
I understand that there will always be a difference in size and importance per country, but I (and I'm sure a lot others as well) would like to see growth be as widely distributed throughout the world as possible.
One country shouldn't be able to take the entire market down with it once it for whatever reason withdraws itself from crypto land. That's the worst possible scenario for any market, and I hope we never have to experience this.
I understand that there will always be a difference in size and importance per country, but I (and I'm sure a lot others as well) would like to see growth be as widely distributed throughout the world as possible.
One country shouldn't be able to take the entire market down with it once it for whatever reason withdraws itself from crypto land. That's the worst possible scenario for any market, and I hope we never have to experience this.
It's a not a good idea. If it happens bitcoin will be destroyed.
I see some people want Japan to rule over cryptocurrencies. Assume that Japan is now the leader. What will happen next? Do you think other countries will let Japan to play that critical role in their economy?
And the other problem is centralization which is the opposite of why bitcoin has been created.
I see some people want Japan to rule over cryptocurrencies. Assume that Japan is now the leader. What will happen next? Do you think other countries will let Japan to play that critical role in their economy?
And the other problem is centralization which is the opposite of why bitcoin has been created.
The G20 or the 20 strongest countries in the world recently had a meeting about cryptocurrency. If ever Bitcoin and altcoins will be legalized worldwide and will be highly accepted, which country would you like to lead it? I mean, the country wherein the main office about cryoto regulations will be built and the major country which will usually hosts events and meetings about cryptocurrency.
Don't you think that it ruins the idea of decentralization as the main idea of cryptocurrencies?
We will just have another regulated currency pool, and governments are happy of course.
With the G20 country meeting I think it has a good impact on cryptocurrencies, and what if the legal crypto around the world I would vote for a controlled Indonesia.
If that really need to happened then, I will choose Japan to lead, the reason is because Japanese people more appreciate the technology and more open minded about crypto, so although there will be regulations the leader will be able to balance the rules, we need the rules that able to expand crypto further, no some egoistic rules that going to bring down crypto to become nearly like fiat
The G20 or the 20 strongest countries in the world recently had a meeting about cryptocurrency. If ever Bitcoin and altcoins will be legalized worldwide and will be highly accepted, which country would you like to lead it? I mean, the country wherein the main office about cryoto regulations will be built and the major country which will usually hosts events and meetings about cryptocurrency.
I guess if we are going to look at the trading volumes per 24 hours, we will see what countries really loves crypto so its pretty obvious that it will be Japan.
However, I don't like the idea of having like a HQ for crypto regulations, it totally contradicts what Satoshi envision, decentralization. As far as holding meetings, they can go and held it to any country as long as that host country is very friendly and supportive of crypto (there are a lot).
The G20 or the 20 strongest countries in the world recently had a meeting about cryptocurrency. If ever Bitcoin and altcoins will be legalized worldwide and will be highly accepted, which country would you like to lead it? I mean, the country wherein the main office about cryoto regulations will be built and the major country which will usually hosts events and meetings about cryptocurrency.
There won't be any lead because good luck with all the countries accepting to legalize bitcoin. And leading would totally centralize things and the purpose of bitcoin ends right there itself. It'll exist but for everything that it was created for, will never happen. It'll just become a random currency in the market.
Without thinking too hard on this, I will choose Japan any time any day.Their government has been very pro-bitcoin, even their central bank encourages its citizens to use crypto-currencies. Japan has been amzing.
None. It goes against the entire purpose of decentralization. I would love to see G20 countries supportive of it, but I want them to keep their hands out.
Malta will have a major impact on it with the current support of the major centralized exchanges moving there.
Malta will have a major impact on it with the current support of the major centralized exchanges moving there.
I'm hoping that crypto industry will rule all over the world. So that everybody will get the benefits as we got from bitcoin. All people will be successful in their lives.
I agree with Pursuer, it sounds like a takeover on Bitcoin.
However, a turnover between countries for events and meetings sounds good to me, and reflects the decentralized side of crypto.
However, a turnover between countries for events and meetings sounds good to me, and reflects the decentralized side of crypto.
I have some country names in my head but I won't name any of them because what you are asking sounds to me like centralizing things a lot to one place and to a group of people and that is now what cryptocurrency was created for.
but as long as their purposes don't go further than overseeing and preventing scams from ruining the world I am ok with it and don't care where it is located at.
but as long as their purposes don't go further than overseeing and preventing scams from ruining the world I am ok with it and don't care where it is located at.
The G20 or the 20 strongest countries in the world recently had a meeting about cryptocurrency. If ever Bitcoin and altcoins will be legalized worldwide and will be highly accepted, which country would you like to lead it? I mean, the country wherein the main office about cryoto regulations will be built and the major country which will usually hosts events and meetings about cryptocurrency.
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