Why is Bitcoin allowed to continue? - page 12.

Kemarit

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Quote from: Camster on September 23, 2018, 03:44:13 PM

~ snip ~

Is Bitcoin a trap? Is this a central banker monstrosity used to turn us into tax slaves by recording every transaction? Was Bitcoin innocent and free money and the central bankers are trying to squeeze their way in so they can use it as a weapon? The only thing I do know is they are not handing over a decentralized economy to us because they love us. What's the play? Are we being set up? Are we the useful idiots getting all our friends and countrymen involved in crypto?

Why would you think that bitcoin is a trap? I know that there are 'conspiracy theory' saying that Bitcoin is the handy work of US authorities (CIA, FBI, NSA etc), but I'm not buying it. Obviously, there's a lot of hostility against crypto from the Central Banks around the world because they may have perceived it as a threat. However, we saw that most of the countries now just wanted to have a full regulations because they know their's nothing to be afraid of. And its not even as disruptive as it may seems. In fact, some countries whose in economic turmoil now (Venezuela, Zimbabwe and even Argentina) are going to crypto as hedge against inflation.

coinwizard_

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Same question for alcohol, most of the crimes happen when people are drunk or high. Better to control it than outlaw it. Bitcoin can't be banned anyway, it is decentralised and will bypass any legislation

ys fs

newbie

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the assumption about bitcoin is very diverse, and there is a possibility that bitcoin has been approved by the big parties and maybe it is quietly to take big profits, we do not know how the cunning government carries out its cunning behavior, and like the headings above is suspicious, because bitcoin is left just like that and there is no such strong ban from these cunning governments...

rexona

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Quote from: bitfocus on September 23, 2018, 11:21:06 PM

are you saying that you want central banks to stop bitcoin?! what makes you think that would be possible?!

I don't understand and no matter what is said, what is important to me is that bitcoin is the most profitable place to invest, even though it takes patience to get profit, because bitcoin is very easy to change so the price can go up and down anytime, but I will still here until bitcoin doesn't have a price anymore.

BigBos

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Quote from: primeminer on September 24, 2018, 12:24:42 AM

Quote from: bitfocus on September 23, 2018, 11:21:06 PM

are you saying that you want central banks to stop bitcoin?! what makes you think that would be possible?!

I don't know what is said. the important thing is that bitcoin can make a profit and I will still be here to get a profit even though it is very difficult to get profit from bitcoin because prices can change at any time. now I start to understand buying when prices go down and sell when prices go up this way really gives a profit.

well, the only reason to use bitcoin is still allowed to continue is because bitcoin is still providing benefits for current development. well, even though there are so many FUDs from people who hate it, but still bitcoin will continue to be developed.

primeminer

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Quote from: bitfocus on September 23, 2018, 11:21:06 PM

are you saying that you want central banks to stop bitcoin?! what makes you think that would be possible?!

I don't know what is said. the important thing is that bitcoin can make a profit and I will still be here to get a profit even though it is very difficult to get profit from bitcoin because prices can change at any time. now I start to understand buying when prices go down and sell when prices go up this way really gives a profit.

Hudadahuda2018

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Quote from: kotajikikox on September 23, 2018, 06:49:41 PM

It's because central bank are know how much bitcoin can help the people and the country economic, but i didn't understand why they didn't allowing full adoption of bitcoin operation as legal currency, one thing i senn the reason is because bitcoin is threat currency to become banks are die.

Actually bitcoin can be operated to help banks better but there are still many banks that lack confidence in the presence of bitcoin so they cannot allow the full adoption of bitcoin operations as legal currency so there is likely to be one reason because bitcoin is a threat currency to become a bank.

bitfocus

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are you saying that you want central banks to stop bitcoin?! what makes you think that would be possible?!

dothebeats

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Prolly because they don't consider bitcoin as a threat? And should bitcoin grow bigger and bigger, they already have the means to contain it without much effort. Knowing that the banking industry overshadows the cryptocurrency markets by a huge margin, it's not really hard to control the flow of the markets if they ever feel threatened by the popularity of bitcoin. Right now, they don't deem bitcoin as a threat, and there's a huge possibility that they are already benefiting from it. Also, they are trying to get the people believe that digital currencies are the future, and perhaps overhaul the need to print physical money and just replace it with digital cash instead. That way it would be easier, more convenient, and allows them to control the money supply with more flexibility and at will.

MTNAX

newbie

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I think bitcoin is allowed to continue because it can help the economy of many people who use it. Not without reason if bitcoin continues to be allowed to develop until now means they have recognized the use and benefits of bitcoin itself. Indeed, sometimes bitcoin can go up and down in value but bitcoin will still be trusted by many people and its benefits will be enjoyed today.

Vicrey

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because banks has no right to force us to stay with them if they don't want to, meaning as long as we have a freedom to choose what we want to do, banks don't have any options but to accept and follow the flow of the next generation which is to use crypto currency.

mrcash02

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Quote from: figmentofmyass on September 23, 2018, 05:23:44 PM

Quote from: Camster on September 23, 2018, 03:44:13 PM

Why would they allow Bitcoin to continue like this and grow momentum? All they would have to do is outlaw it and 90% of the world population would bitch out immediately and stop. But they don't do it.

central banks aren't a united front. you have to consider geopolitics, and the fact that nation-states are competing against one another.

if one superpower prohibits BTC, they might put their industry and population at great disadvantage to the rest of the world. this is a nascent industry where there is potentially massive economic growth and transfer of wealth. it would be outright foolish to purposely get left behind.

if all the superpowers and most of the others all agreed to ban BTC, maybe you'd be onto something. but that would never happen!

Yes, not only Bitcoin, but the entire Crypto market is a great opportunity to accumulate more wealth and no one wants to waste it. It can be an opportunity for a country to rise faster compared to its rivals and even allies.

To destroy/ban Bitcoin doesn't make sense. For an example: It's like an american scientist destroying a nazi technology during the war, so no one could use it... It's a stupid idea, no? The correct would be to study and improve that technology to use against the enemy. And with Crypto-Currency that is what will happen, to have advantage over other countries on the "economic war".

kiansantan

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However, Bitcoin is just another form of money, it won't be long until the bank has a grip on the cryptocurrency economy as well. I don't think institutions with their strength can reach too much into bitcoin.

CryptoGamblingSites

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Quote from: Camster on September 23, 2018, 03:44:13 PM

I have been thinking a lot lately about why the central bankers are allowing Bitcoin to continue with only minor resistance.

Central bankers aren't "allowing" Bitcoin, Bitcoin is permissionless

Bellator

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Quote from: figmentofmyass on September 23, 2018, 05:23:44 PM

Quote from: Camster on September 23, 2018, 03:44:13 PM

Why would they allow Bitcoin to continue like this and grow momentum? All they would have to do is outlaw it and 90% of the world population would bitch out immediately and stop. But they don't do it.

central banks aren't a united front. you have to consider geopolitics, and the fact that nation-states are competing against one another.

if one superpower prohibits BTC, they might put their industry and population at great disadvantage to the rest of the world. this is a nascent industry where there is potentially massive economic growth and transfer of wealth. it would be outright foolish to purposely get left behind.

if all the superpowers and most of the others all agreed to ban BTC, maybe you'd be onto something. but that would never happen!

Indeed, It wouldn't happen mate and with bitcoin's decentralized character government could not prevent every people to use bitcoin for their private purposes. In fact there were selected countries in asia right now adopted bitcoin as a form of payment. That's why we seen bitcoin continued to reach higher in terms of profitable appreciations from an optimistic person who has a wide thinking. Central banks couldn't stop this to transact towards money transfers, because it's considered as business matters and as long as the system was having transparency towards their clients then the banks has no issues raise particular on possible fraudsters.

kotajikikox

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It's because central bank are know how much bitcoin can help the people and the country economic, but i didn't understand why they didn't allowing full adoption of bitcoin operation as legal currency, one thing i senn the reason is because bitcoin is threat currency to become banks are die.

budrabut

jr. member

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You should recognize that Bitcoin is decentralized of digital currency, it doesn't depend on Banks or other entities. If you want to stop Bitcoin spread, it means that you should stop the improvement of technology. Bitcoin was created for make the world easier and it is as the impact of technology improvement.

How could you have thought like that? Bitcoin is big future for the global economic.

flying_bit

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Quote from: Camster on September 23, 2018, 03:44:13 PM

Why would they allow Bitcoin to continue like this and grow momentum? All they would have to do is outlaw it and 90% of the world population would bitch out immediately and stop. But they don't do it.

How will central bank or even government stop bitcoin and cryptocurrency? It's like how will you stop porn or how will you stop activities in deep web?

Just think of China, there are many restriction in China. Government giving people limited access to social media and internet with censorship BUT people able to do something to bypass it by using VPN. What am I trying to say? There's no way to stop activities in internet.

Quote from: Camster on September 23, 2018, 03:44:13 PM

Is Bitcoin a trap? Is this a central banker monstrosity used to turn us into tax slaves by recording every transaction? Was Bitcoin innocent and free money and the central bankers are trying to squeeze their way in so they can use it as a weapon?

Why not check out again the idea behind bitcoin and blockchain. This will answer your question.

Quote from: Camster on September 23, 2018, 03:44:13 PM

The only thing I do know is they are not handing over a decentralized economy to us because they love us. What's the play? Are we being set up? Are we the useful idiots getting all our friends and countrymen involved in crypto?

For what?
Are you talking about Ripple? Joke.
I don't understand the paranoia. Is this some sort of FUD? Do you have any basis on all this?

Here's what I know. Sooner or later, financial institution will eventually embrace cryptocurrency and it will coexist and be use along with fiat. When that time happened, we earlier adopter have advantage.

ZoomhashLLC

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Quote from: Voidcrafter on September 23, 2018, 06:05:53 PM

You're talking about the black side of bitcoin. About terrorism and money laundering, mentioning Syria and Iran. I want to tell you that it is very easy to blame bitcoin for all sins, because no one will be responsible for these words. We've heard about Satoshi Nakamoto, but no one knows who he is or if he's alive. Where is he? That's why the government says such loud and dirty words to bitcoin. As for the banks, this is the government (in most cases)
Bitcoin has a future without black schemes (darknet)

Yes this is extremely important.

Bitcoin used to be largely used in illegal activity when it was first founded. But since it's growth and world-wide adoption it has certainly legitimized.

Voidcrafter

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You're talking about the black side of bitcoin. About terrorism and money laundering, mentioning Syria and Iran. I want to tell you that it is very easy to blame bitcoin for all sins, because no one will be responsible for these words. We've heard about Satoshi Nakamoto, but no one knows who he is or if he's alive. Where is he? That's why the government says such loud and dirty words to bitcoin. As for the banks, this is the government (in most cases)
Bitcoin has a future without black schemes (darknet)

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