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Do you agree, Bitcoin is a warning to the government?

Nat

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Yes I agree. It is another form of exchange of value . It is a currently currency. It is decentralised so not controlled. Everyone like a system like this so that no one wil dictate how they should use their money , spend it or when to take it . Banks put a lof restrictions on money . How much should be produced, which one is acceptable. Bitcoin is a threat.
 

Immilash

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That's true, I completely agree with what you've just said, currency are becoming useless, I know what I'm saying the reason why I said that is because most currencies are not having good values.
 

Imran_Noori

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Yes I agree. It is another form of exchange of value . It is a currently currency. It is decentralised so not controlled. Everyone like a system like this so that no one wil dictate how they should use their money , spend it or when to take it . Banks put a lof restrictions on money . How much should be produced, which one is acceptable. Bitcoin is a threat.
Something amazing about Bitcoin and crypto is that these coins have no border, they could be used in every part of the world, this could be a great payment method for companies.
 

eenya00

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i personally do not hold such view as i believe that the government should tap into the future of crypto currency, because it has come to stay. the world is growing at a tremendous rate and government should see this fact and make the necessary adjustments.
 

Bookwormlux

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Sure it is. It is something that would make it easy for the government to figure out that things ain't going to remain the same

They have to understand this and leave the masses alone.
 

Immilash

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i personally do not hold such view as i believe that the government should tap into the future of crypto currency, because it has come to stay. the world is growing at a tremendous rate and government should see this fact and make the necessary adjustments.
That's true, cryptocurrency was banned in my country Nigeria and this has brought a lot of setbacks on many things, the government don't have a good reason for banning cryptocurrency.
 

UsmanAmoyo

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That's true, cryptocurrency was banned in my country Nigeria and this has brought a lot of setbacks on many things, the government don't have a good reason for banning cryptocurrency.
They have currently unbanned the use of cryptocurrencies recently.
The reason they banned cryptocurrencies was because cryptocurrencies can be used for fraud and the fraudster cannot be traced.
The government knew that banning it would only worsen the economy that's why they unbanned it.
 

Setho

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The government are going to be in very big trouble when people are going to understand the full potential of bitcoin and the advantage that it is going to give to them.
 

Immilash

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They have currently unbanned the use of cryptocurrencies recently.
The reason they banned cryptocurrencies was because cryptocurrencies can be used for fraud and the fraudster cannot be traced.
The government knew that banning it would only worsen the economy that's why they unbanned it.
I don't know about that, u don't know cryptocurrency was unbanned in Nigeria, I think that's a good idea, but why is it that we can't deposit directly into our bank account when we are buying crypto?
 

Genie01

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I don't know about that, u don't know cryptocurrency was unbanned in Nigeria, I think that's a good idea, but why is it that we can't deposit directly into our bank account when we are buying crypto?
There was that day I watched one of the EFCC officials talk about the use of cryptocurrencies he clearly stated that the use of crypto currency is not illegal anymore. That was some months back.
But the reason for the hitches from banks, I don't know about that.
 

Immilash

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There was that day I watched one of the EFCC officials talk about the use of cryptocurrencies he clearly stated that the use of crypto currency is not illegal anymore. That was some months back.
But the reason for the hitches from banks, I don't know about that.
That will be a good idea to unbanned the use cryptocurrency in Nigeria, I believe this will help In a lot of things, I really appreciate this your piece of information.
 

Syldan

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Actually the cryptocurrency is a warning to the government and no one can deny such fact but we should also be aware that the government are the one who makes policies to either promote or destroy the operation of cryptocurrency.
The government are going to be in very big trouble when people are going to understand the full potential of bitcoin and the advantage that it is going to give to them.
Actually I think the government can not be in any trouble even if people are aware of crypto potentials. the government are the engines room of all societies they decide what to be used for transactions and others. the can decide to banned thenuse of crypto and no one can question them.
 

Floura

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Well that's don't think so, I think that's why some government decide to ban the use of cryptocurrency, I don't think cryptocurrency will have Good value like cash.
 

Ononivami

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Well that's don't think so, I think that's why some government decide to ban the use of cryptocurrency, I don't think cryptocurrency will have Good value like cash.
You are absolutely wrong because bitcoin has gotten value better than cash. It is very obvious when you look at the present value of bitcoin relative to the dollar.
 

Georgeadawara

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That's true, I completely agree with what you've just said, currency are becoming useless, I know what I'm saying the reason why I said that is because most currencies are not having good values.
Yes you're absolutely right about this, even though I just realized that Bitcoin is one of the best crypto coin with good rate, but still one can invest on it when it drops in rate and sell it out when it increases in rate.
 

Immilash

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Yes you're absolutely right about this, even though I just realized that Bitcoin is one of the best crypto coin with good rate, but still one can invest on it when it drops in rate and sell it out when it increases in rate.
Yes, but you can only do that you'll if you are trading features, that why I like forex trading, you can profit from both side of the market, forex trading is a good idea to earn money.
 

Good-Person

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That's true, I completely agree with what you've just said, currency are becoming useless, I know what I'm saying the reason why I said that is because most currencies are not having good values.

I do not think that Bitcoin is a "warning" to the government but many governments still consider it a warning and this is why they ban it unnecessarily. Bitcoin could have had improved the economy of many countries.
 

Danny4cash

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Bitcoin is a threat to government authority and that's why some countries banned it. Government want to be in charge of its economy and some monitor their citizen to minimize money laundering and fraud. But bitcoin create an escape route for the citizen. The most part is some people are not using their country currency again.
 

Joseph555

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I don't agree, cryptocurrency was banned in my country Nigeria and this has brought a lot of setbacks on many things, the government don't have a good reason for banning cryptocurrency.
 

Immilash

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I do not think that Bitcoin is a "warning" to the government but many governments still consider it a warning and this is why they ban it unnecessarily. Bitcoin could have had improved the economy of many countries.
That's absolutely true, Bitcoin and so many cryptocurrencies have helped a lot of people from different part of the world, I don't think it will be a good idea to work online without having any cryptocurrency.
 
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