Topic: Will the governments kill cryptocurrencies - page 43. (Read 7071 times)
I think, after some time the government will stop fighting with decentralization and recognize its benefits in many areas. After a few years, cryptocurrencies will be used in most developed countries of the world and they will become familiar to most people. Therefore, you should not worry about temporary difficulties and you can be sure of a bright future of cryptocurrencies.
The US government strongly opposes the development of the cryptocurrencies, but if the market continues to grow - they will not be able to do anything about it.
It depends on government whether they want their country economy grow or not. In some countries , Bitcoin is banned and some countries are making its denomination. The main role in growth of cryptocurrencies depends on the government.
Government is trying their best to create obstacles for Crypto but then they do understand that Cryptos cannot be stopped. They can sit idle of they get their cut for trust me half of them do not even understand what Crypto is and how it works. They would only sit and complain. I must admit that Crypto has changed life for so many people where the government and 9-5 job failed drastically. People now understand the potential of Crypto and they won't let government play around with it.
In my opinion, governments have no reason to be able to kill electronic money. The moves of governments now are just trying to manage digital financial markets. While they may not be able to manage this market, they limit its development and make the market dependent on the government.
Nobody can stop crypto, the only reason why I think most government didn't accept crypto is because they weren't able to benefit from transactions fees, taxes and all sorts. Believe me if they could benefit all these from crypto then they'll adopt it in no time.
The government has been a major threat to the crypto platform at large. And the excuse they all gave was that it could be a threat to the economy at large. But the truth remains that the government can't really end the use of crypto as it is a decentralized platform.
in the government are intelligent people and they understand that the traditional economy is replaced by a digital economy with global tokienization. Therefore, the government is trying to saddle this wild horse as a crypto industry
I trust the administration is undermined that this innovation will be utilized for illicit exchanges like medication exchanges. Besides, crypto is being utilized likewise for fake acts like trick ICOs. I think, the legislature is available to this innovation however they have to settle first on the best way to limit such illicit acts. Also, what are the fundamental activities to be set up so these illicit demonstrations will be gotten.
What I believe is that, the government can never kill cryptocurrency, and my reasons is that some other government as already adopted this crypto system, so I think the government(generally) will change their mind with time, and if that happens they sky will never be the limit for Cryptocurrencies.
I think decentralization is rather difficult for the government to support it, except cryptocurrency with the centralized system
Cryptocurrencies could not be killed in this way, I think people love crypto so much and they will find many methods how to coouuntinue to work with it.
I do not think so. Electronic money is a trend of the future. Perhaps the government needs to tighten and control them. Now electronic money is floating and uncontrollable. It is being exploited by manipulation and some bad organization
Some governments are starting to embrace blockchain and cryptocurrencies and others are literally closing the doors to this technology. Do you think governments will continue to fight back against cryptocurrencies and decentralization?
In my own point of view, i think the government could really kill cryptocurrencies because they are powerful enough to do that. But for now they can't because there are countries which they made cryptocurrencies as legal and i think in the near future government will start to accept cryptocurrencies.
The state has not yet achieved authority over this sector and the market share is increasing if we consider a long timeline. It just means that the states are banned based on the regulations they set, but are unable to prevent the use and operations. As more CEOs, influential people are diving into the cryptocurrency segment, the government will have a tough time regulating cryptocurrencies for real. They can impose taxes, that's fair but they can never ban crypto.
However, if something really grievous like a 51% attack occurs, I'm wondering if it's still possible for the governments to develop USB wallets that extract all the crypto from the blockchain ledger. They could then make a really crafty move- issue out real Bitcoins with all the data in the personal USB drives of all the investors, and make use of anti-counterfeiting technology to make it legit and circulate coins like fiat currency. This way, they have the whole situation under control.
Possibly, the government could be trying out ways to exploit the blockchain and get this done. Just my thoughts over a cup of strong coffee, I pay my bills =]
However, if something really grievous like a 51% attack occurs, I'm wondering if it's still possible for the governments to develop USB wallets that extract all the crypto from the blockchain ledger. They could then make a really crafty move- issue out real Bitcoins with all the data in the personal USB drives of all the investors, and make use of anti-counterfeiting technology to make it legit and circulate coins like fiat currency. This way, they have the whole situation under control.
Possibly, the government could be trying out ways to exploit the blockchain and get this done. Just my thoughts over a cup of strong coffee, I pay my bills =]
Usually, government all around the world make alive or kill whatever policy, scheme, instrument or currency that is their control. Cryptocurrency however is not own or control by any central authority or organization. It will be difficult for anyone to kill cryptocurrency.
Definitely, government will never do crypto killing cause they know how much money they might get in there. Only they are waiting for the regularization process to finalize and take actions on it. It could be possible that government will imposed taxes to all crypto holders once done.I don't agree with you. Most of the governments are conservative in their nature and don't trust things they cannot control. They would love to tax everything that move and income from crypto will be taxed, but will take some time.
In my opinion, I think they would actually try to work with cryptocurrencies, or at least they would try to regulate them just like any other currency existing in a certain country.
no government ever can kill cryptocurrencies it is not possible to kill cryptocurrencies. Cryptocurrencies are built on decentralized network no governments an stop it just like internet
I think nothing can kill cryptocurrency. With the benefits that cryptocurrency brings us in the future this market will grow strongly and bring a lot of profit. So there is no reason for the government to kill the crypto. The government can only issue some regulations to control crypto. At present there are many large countries in the world have adopted and used cryptocurrency. I hope that in the future there will be more countries that accept crypto.
The success of cryptocurrencies in other, more loyal countries, could make them change their mind. Over time, the benefits of decentralization will become more obvious, the government will figure out how to regulate this sphere, and fraud will decrease, so I think most developed countries will eventually accept the technology.
For now its still few country accept crypto. In the future will see, but due to trust and regulations issue I believe that's were government and crypto need to resolve. So that government will adopt crypto in their system. Now a lot of country still not adopting crypto because of that matter. In fact some experts says that if crypto will start to effect economy government will impose strict regulation to stop crypto.
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