Can We still able to enjoy Decentralized crypto investment ?

[nimzy]

Well we can and we are still enjoying the decentralized control of the cryptocurrency operation only when the government do not intervene in the operation of cryptocurrency.

 

[Justin]

All crypto currencies are decentralized money. If you have resources, you can mine crypto currencies. You can create your own crypto currency. If you have limited funds, you can easily profit by investing in crupto currencies.

 

[Trexxxy]

I don't think so, now it would be more difficult to do that, the only thing government can do is to create their own and make their citizens use that. Crypto will always have that anonymity.

 

[Kubiat-Abasi]

I hope we can still enjoy decentralization because with the way the government is trying to centralized the system, I hope it doesn't get clashed!

 

[Ezekiel]

If truely the purpose of crypto was to offer peer to peer transaction,then I will say enjoyment of decentralized crypto investment will not work because government might end up bringing more rules that won't be favourable to investors

 

[tyrim88]

Cryptocurrency was built with the aim of giving people the opportunity to benefit from a Decentralized financial system. This strategy was what gave it the strength and support it has , however presently actions by countries regulator seems to be suppressing the Decentralized nature of cryptocurrency.

Just as the traditional system, government wants to regulate cryptocurrency and thus be able to know the inflow and outflow of funds in the country . This might not really be a bad motive as it will help stop fraudulent activities, money laundering and tax evasion but the fact still remain that investors will suffer when this happens.

Annoymous nature of cryptocurrency was the enticing feature to many investors but with regulation there is possibility that crypto to Fiat transaction will no longer be annoymous .

Peer to peer transaction is the newest way of making this Fiat to cryptocurrency transaction annoymous but the government crack on exchanges will force them to stop offering P2P transaction in order that the transaction will come from them . In the end , Decentralized nature of crypto will start to lose it's weight. Governments may not be able to control crypto quite alright but with regulation , the strength of Decentralization is reduced. Their plan to have little control on cryptocurrency started with banning of privacy coins.

In your opinion , do you see cryptocurrency being fully Decentralized in coming years without government intervention ?

We know the concern of various government concerning the issue of cryptocurency and how the government wants to prevent a rival aspect of monetry policy and e-transactions.They are really afriad of capital flight in terms of monetry flow and movement and liquidity,and this will go a long way to affect the economy.

 

[Kingstone]

I see no reason they want to decentralize crypto. If they think that it is going to be used fot fraudulent activities, they can, however, curb how people launder the local currency first. Even the fiat is used to sponsor many bad things. So crypto will be no exception.

 

[Victorial]

If peer-to-peer trading should end, the. It is over for Nigerians. There is no way we can buy or sell crypto without peer-to-peer or fiat. If they want to regulate cryptocurrency, then we will not enjoy the anonymous nature of it anymore

 

[Heatman]

For most countries where cryptocurrency is banned, it's between the use of peer-to-peer trading that's all of them use to transact on cryptocurrency which is a very good way because they both make profit from both ends.

 

[Skysaint]

They can try as hard as they may, but am sure the government can't just close the idea of cryptocurrency investment and trade or rather say put it into extinction. They can't even regulate it as it's anonymous and also a digital commodity

 

[CeeJase]

I don't think this will be possible because from all indication government are now trying hard to get into crypto currency exchange Business and regulate it and this will be very good because they will correct some malady in the business

Well, what can the government do that they haven't done already but cryptocurrency still gets better and better. They can't stop cryptocurrency no matter what they do.

 

[HayKay]

Of course we can, as the crypto market opens up, more and more ways to ensure that wealth is randomly distributed or made are being discovered.
So for time to come, we'll still be making it big from cryptocurrency.

 

[Alogakho Esson]

Nigerian government is decentralizing this crypto currency not because of fruadelent activities alone is because they culture of our country hate to see youth hold resources or money at first

 

[Sincerem]

Government can't regulate everything, cryptocurrency is meant to remain decentralized and not being centralized. Even if it becomes centralized, that doesn't mean fraud will end, even with fiat currencies fraudulent activities are carried out.

 

[Elfinito]

The crypto will always remain decentralized as the government will find it difficult to control it.
The government is also looking in the crypto way by introducing the central bank digital currencies

 

[tyrim88]

The crypto will always remain decentralized as the government will find it difficult to control it.
The government is also looking in the crypto way by introducing the central bank digital currencies

One of the things that most government are really afriad of,is the issue of control and regulation,if a large amount of their foreign exchange is put into cryptocurency by the larger population,it will go a long way to affect their economy.

 

[Sotherefore]

I don't think so, now it would be more difficult to do that, the only thing government can do is to create their own and make their citizens use that. Crypto will always have that anonymity.

Government can't regulate everything, cryptocurrency is meant to remain decentralized and not being centralized. Even if it becomes centralized, that doesn't mean fraud will end, even with fiat currencies fraudulent activities are carried out.

But government are able to monitor every transaction in cryptocurrency if they want to get tax from people transacting in cryptocurrency, so if cryptocurrency is decentralized are they able to do it.

 

[Bousine123]

We can not really be enjoying decentralised crypto currency because the government are not in support of it, how ever they do they can never control it at the end because people love it and it has helped many to earn.

 

[Sincerem]

But government are able to monitor every transaction in cryptocurrency if they want to get tax from people transacting in cryptocurrency, so if cryptocurrency is decentralized are they able to do it.

Since their is existence of exchange or wallet platforms they can simply regulate the activities that goes on via any other aforementioned crypto platforms due to the order of KYC verification.

 

[Sotherefore]

Since their is existence of exchange or wallet platforms they can simply regulate the activities that goes on via any other aforementioned crypto platforms due to the order of KYC verification.

Hmmm. But what if we are using a cryptocurrency exchanges such as trust wallet do you really think it is possible for them to monitor every transaction going on like exchanges ?