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Topic: Will Governments let Bitcoins and Crypto World survive? - page 2. (Read 555 times)

newbie
Activity: 22
Merit: 1
Here is an idea: Get a few of your crypto rich friends together, buy an island, call it CryptoWorld. Then issue visas to the people who want to trade cryptocurrencies, so that they can visit your island and trade cryptocoins.

You just saved the Crypto World!  Cool
full member
Activity: 560
Merit: 107
For me, yes the government will let bitcoin and other cryptocurrency survive because they already conduct and study on it, what will be the effect on their economy, etc. Also, some huge company and establishment are already accepting bitcoin as payment. But not all government sectors will let bitcoin to survive; there are some state that already bans bitcoin because of some reasons.  Smiley
full member
Activity: 224
Merit: 101
in my opinion why government say crypto is illegal to trade or it can used by terrorist organization to fund their organization or even money-laundering. it's all because the can be control the flow money of bitcoin. not like bank bitcoin is decentralized and doesn't have physical agency that set the regulation. and levy taxes for users is almost impossible for government. so until government can solve that problem, there are still chance crypto world will not survive.
member
Activity: 182
Merit: 10
My question is, are these Governments even going to let Bitcoins and crypto survive?
They are cracking down on it by saying that it is illegal to trade things such as Bitcoins as it is a support to terrorism and money-laundering.
They are not understanding why it was created, but are coming up with baseless assumptions and even hurting people who are paying taxes too to these money-hungry people.
We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.
which you say in some countries is true and for bitcoin users still question kelegalanya because here is very easy to launder money contraband illicit goods but for the advanced government would support the development of this era. as in my country bitcoin is being investigated by certain apparatus.
legendary
Activity: 1120
Merit: 1000
My question is, are these Governments even going to let Bitcoins and crypto survive?
They are cracking down on it by saying that it is illegal to trade things such as Bitcoins as it is a support to terrorism and money-laundering.
They are not understanding why it was created, but are coming up with baseless assumptions and even hurting people who are paying taxes too to these money-hungry people.
We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.

Everyone hopes it will come true, but little by little the government starts to open up opportunities for people to use bitcoin, but every society can accept the risk of losing or not destroying the country's currency ...

Even though some states still do not officially accept bitcoin as legal currency but still they are  not opposing their people to stop using bitcoin. In most of the state there still no low passed from their Parliament therefore their people are still free to use bitcoin and they do not have any restriction to use bitcoin. I think very soon state will take a decision about bitcoin usage in favour of their people.
legendary
Activity: 2282
Merit: 1023
What ever may be the situation bitcoin will be here to stay,most of the governments are planning to implement some sort of regulation to restrict the illegal use of crypto currencies and they are not planning to ban this altogether ,billions are invested in this by huge investment firms and so it is really impossible for the government to vote against them when it comes to banning.
full member
Activity: 238
Merit: 100
My question is, are these Governments even going to let Bitcoins and crypto survive?
They are cracking down on it by saying that it is illegal to trade things such as Bitcoins as it is a support to terrorism and money-laundering.
They are not understanding why it was created, but are coming up with baseless assumptions and even hurting people who are paying taxes too to these money-hungry people.
We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.


well, there is nothing we can really do about that. this is simply something that is obviously out of our hands. that is if we do not unite as one in defending the only chance that i think we have to finally be free from the binding chains of the current monetary system of the banks in the world that is clearly outdated. unless anyone  or any group of people stands firm with their decisions to side with the crypto world and really commit into fighting for what they truly believe in, i really do not think that we will ever be able to prevent something like this happening since banks and governments are too powerful to go against we ever fought it individually. that is pretty much what i think.
sr. member
Activity: 518
Merit: 250
This is what happens until now that the government has not legalized bitcoin and will be a scourge for the user let alone bitcoin every country must comply with government regulations but somehow this goes even though it has no legitimate rights but its development is widespread and already many People enjoy the results of bitcoin Grin
sr. member
Activity: 868
Merit: 266
My question is, are these Governments even going to let Bitcoins and crypto survive?
They are cracking down on it by saying that it is illegal to trade things such as Bitcoins as it is a support to terrorism and money-laundering.
They are not understanding why it was created, but are coming up with baseless assumptions and even hurting people who are paying taxes too to these money-hungry people.
We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.
That's why they are regulating bitcoins and the other cryptos, without a doubt people are using it for all the things that the governments are really talking about and through regulations, they have a chance to crack down on those who use bitcoins for such acts. Most major countries have already legalized bitcoins and it's more hope that they will not rescind the decision.
hero member
Activity: 983
Merit: 502
My question is, are these Governments even going to let Bitcoins and crypto survive?
They are cracking down on it by saying that it is illegal to trade things such as Bitcoins as it is a support to terrorism and money-laundering.
They are not understanding why it was created, but are coming up with baseless assumptions and even hurting people who are paying taxes too to these money-hungry people.
We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.

Everyone hopes it will come true, but little by little the government starts to open up opportunities for people to use bitcoin, but every society can accept the risk of losing or not destroying the country's currency ...
full member
Activity: 322
Merit: 100
Hello. I do not know what to say, if governments let the crypto world survive. In some states, bitcoin and other coins are not regulated by law, at the moment it seems to be a paradise to the crypto world, I hope that nothing changes
hero member
Activity: 959
Merit: 500
Why should not they let the cryptocurrencies survive?
Regulations are possible, creating an ICO can be strictly reglemented. That lowers the riske of the people losing money.
A majority of the users are willing to pay taxes on their profit, this way cryptocurrencies even support the geovernment.
It all comes up to what people do with their coins.
member
Activity: 280
Merit: 15
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It may be really tough for cryptocurrencies to survive it but many people seem to be against the idea of banning them. It looks like some governments are in favor of Bitcoin and try to encourage investors to invest in their country. In my opinion, it is a matter of time before people will understand that cryptocurrencies are needed. Unfortunately, some politicians don't understand the purpose of cryptocurrency and try to create some sort of digital money which would be similar to the current system.
legendary
Activity: 1218
Merit: 1007
"let" is a big word specially when you are talking about a decentralized network. it is like asking will they "let" the torrent network, the Tor network, .... and other peer to peer networks survive!

First of all, torrent is not used to make transactions or circulate values.
You must not forget the situations with kat.cr (kat.ph).

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you see, when it comes to decentralization, nobody has a say in what the peers on that network should or shouldn't do. of course fighting crimes and illegal activities is a must, and by preventing things like bitcoin you don't fight crimes you just made yourself look like a fool.

Nothing's decentralized anymore as everything is coming under regulations or straight bans. If you will use, why are you into Bitcoins? Ask yourself.
You are buying or selling it just because you are interested in exchanging values and making profits (growing your capital). But, once you convert your Bitcoins to fiat, you convert your decentralized world to centralized, don't you?
newbie
Activity: 32
Merit: 0
I think if there is a terrorist attack that is funded by a cryptocurrency, it could be the beginning of the end of cryptos.
legendary
Activity: 1148
Merit: 1006
it is not impossible if the government will maintain bitcoin but this is happening and the government forbids the development of bitcoin in some countries and this is a hot conversation right now.
I hope the government soon legalize bitcoin Wink
Nope, legalization is not easy. But this becomes a hot topic in every country this is true because of this now most of the people aware of this bitcoin. But one thing is sure that governments are discussing more about bitcoin to make this legal or illegal. If they find any solution to collect tax for bitcoin transaction, then they will make this legal currency, or else they will announce this is an illegal currency.
full member
Activity: 285
Merit: 100
it is not impossible if the government will maintain bitcoin but this is happening and the government forbids the development of bitcoin in some countries and this is a hot conversation right now.
I hope the government soon legalize bitcoin Wink
member
Activity: 238
Merit: 11
Whatever they do by uniting together and taking strict actions against bitcoin,it would all go in vain as they would not be able to stop its progress.Its highly impossible for all countries to ban bitcoin at the same time.Here we could see a south east asian economic giant japan legalizing bitcoin and china taking strict actions against bitcoin.

You will always have some exceptions, some countries which will give green light for bitcoin. Thing is that if needed nodes will be in those counties as well as mining so you can't really just shut it down.
hero member
Activity: 686
Merit: 521
My question is, are these Governments even going to let Bitcoins and crypto survive?
As far as I know most countries today are democratic which means we get to elect people that will support this tech which is tomorrows technology and its not about the government letting crypto suurvive
They are cracking down on it by saying that it is illegal to trade things such as Bitcoins as it is a support to terrorism and money-laundering.
They are not understanding why it was created, but are coming up with baseless assumptions and even hurting people who are paying taxes too to these money-hungry people.
Our governments saying its promoting terrorism is a baseless assumption and their only defence because with its constant changing prices i dont think its a good funding source
Quote
We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.
Banning cryptos everywhere Wont be happening
jr. member
Activity: 30
Merit: 2
I honestly give it about a 70/30. 70% it survive with no (or possibly minimal) interference / 30% try to actively suspend or stop transactions with crypto. I put this over a 5 year timeline, since, now that crypto is really entering the mainstream consciousness, governments will eventually be cornered to make up their minds about what they'll allow (until the last year, many of them treated this sector as a novelty, but with bitcoin's massive swings and the ICO craze, they can't avoid the topic much longer). I think it'll still take 5 years because governments are generally pretty slow, and they'll form "special investigative committees" and other things which usually operate on a 1-2 year timeline themselves. In either case, I'm really referring to the exchanges, since this is really the only place that governments can effectively interfere if they decide to. The biggest issue will be whether or not so-called old money (banking/finance/wall street) feels like its being left out or not. If they think they can make money on this, then it'll survive. If not, they'll exaggerate money laundering, terrorists financing, or they'll wait for a big loss to take place, and claim that, in the name of protecting people, only "registered" investors with assets totaling X amount should be allowed to invest in crypto. Why I rank this 70/30 is that I think we're beginning to see signs that "old money" does in fact think they can prosper here.

All that said, I don't think the current wild west version of the cryptosphere will continue as its has been, and  I do think that more "oversite" will be added which will be annoying (I think ICOs will face more and more scrutiny for instance), but, by and large, I think that crypto will survive.
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