Topic: Why are they afraid of bitcoin? - page 14. (Read 2669 times)
Fear is the fear of governments and central banks, such as JPMorgan, which is America's largest bank. The CEO is so worried about this that he acted like a madman and called bitcoin fraud, saying that someone would eventually be killed. It's like, what are you talking about? It is nonsense. Thus, banks and governments are those who have fear. Well, they must have a certain fear. They have had power and control over their citizens for hundreds of years. The time has come when we, as citizens, have regained this power.
why be afraid?
what to fear?
Fear of bitcoin annihilated? I do not think like that, there are many who support bitcoin in some countries including people. I'm sure bitcoin will not go away because bitcoin has helped the human economy.
what to fear?
Fear of bitcoin annihilated? I do not think like that, there are many who support bitcoin in some countries including people. I'm sure bitcoin will not go away because bitcoin has helped the human economy.
China is right in one, there are a lot of scammers in ICO, many people who take money from fraud from other people, so it needs to stop. But I do not think that governments can stop this. We, as users and the bitcoin community, should be self-regulating.
Cyber security expert and bitcoin supporter John McAfee (John McAfee) says that the only experience that bitcoin users can have is that governments will act through their own fear.
The pioneer of technology says that the only obstacle to bitcoin is the governments that are trying to stop it, although they will not succeed.
The pioneer of technology says that the only obstacle to bitcoin is the governments that are trying to stop it, although they will not succeed.
From this it follows that corporations, companies, small entrepreneurs and ordinary people need to send money abroad and as a rule they can afford to do this only in one way, through the banking sector. Banks strictly determine the rules by which you can send money abroad , that is, banks themselves set a fee for their services
Now in the world, most of the civilized society uses the services of the banking sector. Given that the world has become more globalized, people have become more dependent on banks. This suggests that the economies of all countries are intertwined and become dependent on each other
Investors can be advised to be cautious when buying and storing bitcoins. Large amounts of bitcoins we recommend to keep on hardware bitcoins of purses, about 2 of which we already wrote, it is impossible to crack such a purse.
Bitcoin can crack
Yes, indeed, some bitcoins-exchanges hacked and robbed. But the protocol itself, the code that manages everything, has never been hacked. If this happens, bitcoin is expected to collapse.
Yes, indeed, some bitcoins-exchanges hacked and robbed. But the protocol itself, the code that manages everything, has never been hacked. If this happens, bitcoin is expected to collapse.
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Bitcoin is too unstable for currency
This myth tries to attribute bitcoin only to one category - and to draw incorrect conclusions from this.
But the fact that bitcoin can function as a currency does not at all mean that it needs to be classified in this way. More importantly, it's a way to seamlessly transfer money over the Internet. Also, bitcoin allows you to hold money in the transaction. This myth tries to attribute bitcoin only to one category - and to draw incorrect conclusions from this.
It may seem that bitcoin is a more risky investment, until we understand that regulators do not advertise much to prevent panic from investors. Who remembers the "dot-com" bubble in the late 1990s? What about the mortgage crisis of 2008? Credit default swaps? Bernard Madoff?
Bitcoin is not regulated, therefore it is dangerous
It can not be said that bitcoin is not regulated at all - you can ask about those who run bitcoin exchanges in China - but it is not regulated in the same way as other methods of investing.
It can not be said that bitcoin is not regulated at all - you can ask about those who run bitcoin exchanges in China - but it is not regulated in the same way as other methods of investing.
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Bitcoin is used only by criminals
This idea arose in 2013, when the FBI closed the site Silk Road. It was an online store where, among other things, you could buy illegal drugs, and he took bitcoins as payment. Later, hackers began using cryptoclockers - malicious programs that encrypt all information on the user's computer and require payment in bitcoins to unlock the data.
The mere fact that criminals are using something does not yet make it bad. They often use cars, but no one declared cars a tool of crime. Even criminals use cash, which is also done by millions of law-abiding citizens. This idea arose in 2013, when the FBI closed the site Silk Road. It was an online store where, among other things, you could buy illegal drugs, and he took bitcoins as payment. Later, hackers began using cryptoclockers - malicious programs that encrypt all information on the user's computer and require payment in bitcoins to unlock the data.
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Bitcoin is used only by criminals
This idea arose in 2013, when the FBI closed the site Silk Road. It was an online store where, among other things, you could buy illegal drugs, and he took bitcoins as payment. Later, hackers began using cryptoclockers - malicious programs that encrypt all information on the user's computer and require payment in bitcoins to unlock the data.
Yes, criminals use crypto-currencies, but this is not exclusively their sphere. Hundreds of legitimate bitcoin start-ups received $ 1.5 billion in investment. It is also worth mentioning the world financial organizations, from exchanges to large banks, which are now exploring the possibilities of introducing this new technology. This idea arose in 2013, when the FBI closed the site Silk Road. It was an online store where, among other things, you could buy illegal drugs, and he took bitcoins as payment. Later, hackers began using cryptoclockers - malicious programs that encrypt all information on the user's computer and require payment in bitcoins to unlock the data.
cryptocurrency price is very unpredictable. Today the price is high the tomorrow it’s down. Due to this investors are scared to invest because they cannot predict how the market will behave. If investors lose their Bitcoins to invest they can't be recovered.
A critical error in the code will quickly lead to the depreciation of digital currencies. But anyway, for eight years of continuous operation, such errors were not observed.
Bitcoin does not have a central bank, it is not controlled by governments and does not exist physically. In doing so, it has value, it can be used as a currency. It is based on blockade technology, which is used not only for the purchase and sale of goods. The value of bitcoin is in its usefulness.
Myth: Bitcoin is not provided with anything and therefore has no value
At the heart of this myth lies the idea that bitcoin is a currency. Previously, money was provided with precious metals, such as gold or silver. Today, the "conditional" currency, for example, the US dollar, is trusted by the governments that issue it.
At the heart of this myth lies the idea that bitcoin is a currency. Previously, money was provided with precious metals, such as gold or silver. Today, the "conditional" currency, for example, the US dollar, is trusted by the governments that issue it.
When they say that bitcoin can be used for some terrorist purposes and everything else, it's ridiculous. Bitcoin is probably the most recent tool that would be used if it was necessary to finance an illegal event. The existing world financial system is, in fact, a financial pyramid based on the US dollar.
Attacks on the crypto-currency from the state in the near future will certainly increase, until the global financial system fundamentally changes on the basis of blocking technology, I am convinced that the founder of the crypto-currency PRIZM, a specialist in crypto-currencies and block-technologies, Alexei Muratov
Blocking is an absolutely open technology. Anyone can see which purse is how much money. When you come to the exchange office, which asks you for an e-mail and a phone number to drop you an SMS saying that the exchange of bitcoins for dollars has been successful, what kind of anonymity it might be talking about. In order to maintain anonymity, it is necessary to provide for some precautions.
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