The head scratcher for many governments today is probably wether to ban or adopt cryptocurrency? I think Russia is putting itself in an awesome position right now to create a bright financial future. They already figured out; " If you can't beat them- join them" Soon Facebookers and Redditers will get the same message and join Steemit - Up we go !
You are viewing a single comment's thread from:
But this is the only way currently. Countries will join them, otherwise they will lose a lot of money. Japan is a big player here.
I think you are right ! It seems like Asia in general are early to jump on the train, I read Vietnam is legalizing bitcoin soon as well !
yeah that may happen very soon :D cryptocurrencies are now at almost an unbeatable heights... as we all are a part of it and the numbers are continuously growing....
IT Sure is wonderful to be a part of, lets enjoy the ride :)
yeah..!!!
Sometimes I wonder if it really is a good thing for governments to get involved in crypto at all.
It worries me that what they will do is control people even more, by releasing their own centrally controlled cryptocurrency.
It would be more effective in tracking people than credit cards, as credit card companies don't automatically send tha tinfo to the government. I honestly would prefer government stay out of Bitcoin, but what can Ido to stop that, nothing.
On the other hand, it makes sense for governments to switch to cryptocurrency, as we can see what they do publically on the blockchain. We can hold them accountable if all politicians were paid in crypto for example. We could see their shady anonymous donations and stuff like that.
The overall main problem would be is a government centralized a crypto, had control over it, and had the aility to blacklist people and ban them from using it. They could use that to control people. we must never let that happen.
It is currently not possible to centralise Bitcoin for example. They would need a lot of hashing power to have control over the network. So I don´t think this will happen in the near future. There is a high chance that countries will create fiat style cryptocurrencies, but no one will use them. I am always asking myself what would be the benefit for the normal joe ?
But technically Bitcoin is controlled by 3 big mining companies...
When blockchain equals AI then centralization will equal a singularity of that AI and the total control that follows will be the darkest age ever, but during that dark age humans will be ruled by AI and only when the technology is completely destroyed will humanity regain it's freedom. But that also why we must fight to be smarter than a centralized AI. At least with Steemit we will be able to understand them because they will have to talk to us in order to gain any power over the currency.
The cat is already out of the box. There are so many cryptocurrencies now, some of them fully anonymous like Monero.
The russian government is sure trying get influence in Bitcoin. They're planning on building a huge mining plant to compete with Chinese miners. Mining is currently mostly done in China.
The Russian central bank has also been speaking about introducing a centrally led coin - the cryptorubble, but I'm sure many Russians are sceptical enough to not jump on that.
That is a very good point indeed ! I have heard from a very famous insightful investor ( Doug Casey) that America is planning on creating a "Fed Coin", and like you say it will allow the government to track out every move and thus cryptos function will be the reversed of its original intention
Come to Woldwide bittrex korea pump group
Join Telegram channels http://telegram.me/DvaPump
Welcome to Woldwide bittrex exchange pump channel
The bittrex force of Koreans is powerful.
Last year our pumping room was highly trusted.
Do you think 500% ~ 1500% profit is impossible in a week?
We'll show you this is true.
With accurate chart reading, we plan to periodically pump.
We are recruiting people all over the world, and we do not need your money for free!
Just watch it. Install the telegram app and get in the channel.
Join Telegram channels http://telegram.me/DvaPump
안녕하세요. bittrex 거래소 펌핑 방입니다.
저희 한국인들의 bittrex 세력과 펌핑은 매우 강력합니다.
작년에 저희 펌핑방은 각종 코인 펌핑으로 크게 신뢰를 쌓았으며,
법적문제가 현재 있지않아, 다시한번 여러분들께 역사를 다시 써나가려고합니다.
일주일에 500% ~ 1500% 수익이 불가능할 것 같나요?
저희가 보여드리겠습니다. 우리방만의 노하우와 진실을
정확한 차트 리딩과 함께 저희는 주기적으로 펌핑할 예정입니다.
현재 전세계 사람들을 모집하고있고, 회원님들 돈 강요하지 않습니다. 공짜입니다.
구경만 하셔도 좋으니 텔레그램 어플 설치하고 저희 채널에 들어와주세요 ^^
텔레그램 입장해주세요. http://telegram.me/Dvapump