It is really interesting to see people who are willing to bet that bitcoin, something that is "people's money" would be getting involved with finances via government. It is not going to happen like that, it is going to happen from bottom up and that requires everyone to start accepting bitcoin, the more people start accepting bitcoin the more there will be pressure on governments to make laws about it and if you do not stop every time price drops or if you do not stop calling or mailing places to start accepting, it won't happen.
So, what we have to do is get together as a whole and try to get every single person we know to start accepting bitcoin, if that happens that means we can take the control of our own finances, but for that we have to make sacrifices both in work and effort but also in economy as well.
Topic: Why has crypto failed to break through still? - page 3. (Read 633 times)
Cryptocurrencies are breaking out and on the right track. Let's look at Bitcoin and institutional adoption of it. Bitcoin is accepted as a legal means of payment in many countries around the world; many hedge funds are increasing their ownership of Bitcoin; Paypal adds Bitcoin to their payment system; Stable currencies are constantly being trained by the institutions; US banks already support Bitcoin and other cryptocurrencies.
Then we can see the cryptocurrency being adopted and purposefully entering the economy.
Then we can see the cryptocurrency being adopted and purposefully entering the economy.
I believe some posters don't understand the "WHY" of Bitcoin's continued existence. It's finding inefficiencies to make them efficient.
The centralized cryptocurrencies can be censored by the government, and would have to follow the rules. It would be stupid to use that to find an inefficiency in the dark markets to make it efficient. Bitcoin works simply because it can't be censored.
The centralized cryptocurrencies can be censored by the government, and would have to follow the rules. It would be stupid to use that to find an inefficiency in the dark markets to make it efficient. Bitcoin works simply because it can't be censored.
I agree that it's almost impossible for a government to censor the use of crypto currencies. They could make the use of cryptos illegal but to enforce such laws is very difficult. In the long run each country needs to find a way to accept and somehow regulate crypto currencies. I think almost everybody has heard of Bitcoin's by now. There is no way around it anymore. And am open government can actually profit from cryptos if they tax them.
I believe some posters don't understand the "WHY" of Bitcoin's continued existence. It's finding inefficiencies to make them efficient.
The centralized cryptocurrencies can be censored by the government, and would have to follow the rules. It would be stupid to use that to find an inefficiency in the dark markets to make it efficient. Bitcoin works simply because it can't be censored.
The centralized cryptocurrencies can be censored by the government, and would have to follow the rules. It would be stupid to use that to find an inefficiency in the dark markets to make it efficient. Bitcoin works simply because it can't be censored.
There are many reasons why crypto is still not fully adopted. But the main reason is absolutely the government. We have spent many years to build a fully centralized system which not just benefit themselves but also the society. Hate it or like it, you can not deny how well the system function currently.
Bitcoin and other cryptos still needs time to be completely recognized. In my opinion, we have already made a tremendous move toward the monetary. Most of the people on the world have heard about bitcoin at least one time. It is certain that in the future, this technology will be used oftenly in our daily life.
Bitcoin and other cryptos still needs time to be completely recognized. In my opinion, we have already made a tremendous move toward the monetary. Most of the people on the world have heard about bitcoin at least one time. It is certain that in the future, this technology will be used oftenly in our daily life.
Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?
The reason is that, it is part of the government's job or simply they have the power to control the money printing process. Not ours and not even the cryptocurrency. It is not part of the scope of crypto because it is already outside of its capability. I don't know exactly what you are talking about making a dent but if you are looking for the progress of crypto, you should know it if you truly know what is crypto. Are we as a community too scared to challenge the status quo?
I don't think crypto failed on adoption towards the future payment system wherein it achieved great accomplishments many of things like what paypal did recently by embracing bitcoin as part of their payment system. In terms of banks, they also show some support towards crypto currencies and many news were published regarding that. We adopters are not scared of innovation and we believe that just small push towards it we can obtain global adoption.
Ever since, we all do know that the government is the one who manages and facilitates money printing so how come question such obvious matter when at the first place, it is not really that new information to know about because the government has the power to do such thing. With regards to the crypto breakthrough, maybe you are expecting too much that you do not even see it that we are successfully moving forward and toward adaption on which it can be reflected how the demands on crypto rises bringing the price up which is an efficient proof that we are breaking through and we are already improving slowly but surely towards a progressive path. Also, it is not because we are afraid on the government, it is just that we are leaving them the responsibility of handling the money printing processes for they have already been doing it for too long and they are really the ones who handles it so why bother for the citizens to claim their job.
Actually, we are already doing good in terms of adoption considering that crypto is about a decade old only. Fiat money has been here decades. And there's no question about the government printing money, because that has been established a long time ago. Unless, he is expecting that some private companies will do that for the government? I don't think that's very smart thinking. Also, the government doesn't understand much about crypto yet, so they are very careful in laying out laws and regulations towards crypto.
Ever since, we all do know that the government is the one who manages and facilitates money printing so how come question such obvious matter when at the first place, it is not really that new information to know about because the government has the power to do such thing. With regards to the crypto breakthrough, maybe you are expecting too much that you do not even see it that we are successfully moving forward and toward adaption on which it can be reflected how the demands on crypto rises bringing the price up which is an efficient proof that we are breaking through and we are already improving slowly but surely towards a progressive path. Also, it is not because we are afraid on the government, it is just that we are leaving them the responsibility of handling the money printing processes for they have already been doing it for too long and they are really the ones who handles it so why bother for the citizens to claim their job.
Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?
Are we as a community too scared to challenge the status quo?
Afraid? Scared? I don't think so.
The government really are the ones that would control that process, it is not ours nor the people that hate them doing that. Cryptocurrency making a dent? To what? That is not the main reason why Bitcoin and other cryptocurrencies are made. We are on the road for that reason for a long time now and I think we can't ask for more than that and as time progresses something great is happening.
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Why are governments still in control of the money printing process?
And who should control the printing of money? A private company? Some separate and independent but still state institution? Or who?I personally am not sure that you can trust anyone to issue money except for the state/Central Bank/other existing issuing institutions.
At the moment, Fiat money is too fragile and at the same time a very strong tool to give it to private hands.
Again, the transfer of the issue to private hands will entail the creation of additional regulatory authorities on the part of the state, which in the end will result in the same control of the issue by the state as if nothing had changed.
Then the question is-why?
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how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?
Are we as a community too scared to challenge the status quo?
Simply because cryptocurrencies themselves are not independent and not decentralized in the full sense of the word.
Almost any currency is centralized in some way. Or by devs, or by mining power, etc
And when you will understand that in fact you do not need this "reinvented wheel" because why would you buy an apple for a crypto currency if it is the same process as if you bought it for dollars. The only difference is in processing and no more. Am I not right?
I don't know who he is expecting to print the money other than of course the government. If they will entrust this vital task to third party, there will be more chaos and doubts surrounding the institution.
Crypto is not yet mainstream because it is not easy to convert someone to fully trust crypto. And also, even us, crypto users are still mainly using fiat in our everyday expenses. The merchants are still small in number which are accepting crypto. But it is only a matter of time before they add crypto in their payment system.
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Why are governments still in control of the money printing process?
And who should control the printing of money? A private company? Some separate and independent but still state institution? Or who?I personally am not sure that you can trust anyone to issue money except for the state/Central Bank/other existing issuing institutions.
At the moment, Fiat money is too fragile and at the same time a very strong tool to give it to private hands.
Again, the transfer of the issue to private hands will entail the creation of additional regulatory authorities on the part of the state, which in the end will result in the same control of the issue by the state as if nothing had changed.
Then the question is-why?
Quote
how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?
Are we as a community too scared to challenge the status quo?
Simply because cryptocurrencies themselves are not independent and not decentralized in the full sense of the word.
Almost any currency is centralized in some way. Or by devs, or by mining power, etc
And when you will understand that in fact you do not need this "reinvented wheel" because why would you buy an apple for a crypto currency if it is the same process as if you bought it for dollars. The only difference is in processing and no more. Am I not right?
Don't you think it is still too early for crypto currencies to take over? I mean the crypto currencies we currently have are far from perfect. Not to mention, do you really think decentralized financial system is going to bring us more good than harm?
Most of us seek freedom, but if given that freedom, we are going to do worse than what the government has done now.Imagine a world where people are having that kind of freedom in everything
?? People will be committing crimes and doing it without fear of any laws that will stop or punish them for whatever wrong they have done.Even with the government and the rules and regulations being set in place there are still those that are misbehaving and disobeying the rules. All we need is a better government, and to speak up for ourselves, because one thing for sure is that the government will not give us that kind of freedom that some of us seek.
Why are governments still in control of the money printing process?
Why not, they are the government, who do you think would print money, some individual or a private group? People trust them and they put them in that situation, and that's what we have a government to government people.
how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?
We always want crypto to be recognized but at the current state, the adoption is still low though increasing, all we can do now is just wait until the government will strengthen their regulation on crypto. Are we as a community too scared to challenge the status quo?
Money has been basically unchanged for generations. You don't introduce a completely new form of it overnight. It took long enough for the internet and mobile phones to get going and they were basically all upside.
In some ways crypto has moved far further than I expected by now. Seeing the headlines we see these days would've seemed like flat out dreamland when I first got going. Even so it's going to be a long road and there are phases to come that we may not even have conceived of.
In some ways crypto has moved far further than I expected by now. Seeing the headlines we see these days would've seemed like flat out dreamland when I first got going. Even so it's going to be a long road and there are phases to come that we may not even have conceived of.
We have to be able to think logically, there is no way we can force the government to adopt cryptocurrency. And it is natural that
the government still controls printing money until now, because this has been done for a long time. What is certain is that if crypto
has not been accepted by the government, it does not mean that the crypto community is afraid. However, changing the old financial
system requires a long process, we must be patient in following the process. If we are patient, we will definitely get good results.
the government still controls printing money until now, because this has been done for a long time. What is certain is that if crypto
has not been accepted by the government, it does not mean that the crypto community is afraid. However, changing the old financial
system requires a long process, we must be patient in following the process. If we are patient, we will definitely get good results.
There are a lot of people explaining that it could replace fiat but that won't happen since it is not the goal of bitcoin to start with. It would go as an alternative but I don't think it would be the main. People are not scared, it is just that we are not supporting this crypto currency because we want to take down fiat.
If you're trying to say that crypto should defeat or replace fiat, I think that will be too hard to happen.
It is nearly impossible to happen given the fact alone that cryptocurrencies is powered by fiat money. Cryptocurrencies won't have any value if there are no injected fiat at the first place. So rather than saying defeating or replacing fiat, I think it is better to call it a money transition to avoid mass confusion.Fiat will always be fiat and it will always be functional despite the existence of digital money. Crypto is actually breaking through and we only have to trust the process.
We just don't need to trust the process, we need to participate in the so called process, it won't work alone. 
Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
They are still in control because they did not printed enough. In some countries they did long ago and are not in control anymore. In those countries people simply started to use some currency from other country. Just the same way as when your county currency start getting high inflation people will move to Bitcoin.
If you're trying to say that crypto should defeat or replace fiat, I think that will be too hard to happen. Fiat will always be fiat and it will always be functional despite the existence of digital money. Crypto is actually breaking through and we only have to trust the process.
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