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

[Rolly_blen]

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.

Bitcoin has the potential to boost the economies of numerous nations. This makes the stance of the authorities towards it even more baffling because I do not believe that Bitcoin constitutes a warning to them.

 

[Sotherefore]

Bitcoin is not a warning to the government. The government of every country can decide to ban bitcoins and cease it from existence. It's only a threads to some country's economy

 

[HayKay]

No I do not agree. At the earlier stages, it looked like it would usurp the established coins/currencies but the volatility showed it couldn't compete with an established currency like the dollar, pounds and the rest.

 

[Alisco]

Even some of the government top officials save there money as Bitcoin,the government is powerful and can do what ever it's stamped.bitcoin is never a treath to the government

 

[eenya00]

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.

we can not predict the future of money currently and how the means of exchange would be, the world is changing at an alarming rate and we should be prepare for that change as well, in order not to get caught.

 

[ghxstvecna]

Personally, I disagree with this viewpoint because I think the government should capitalize on the future of cryptocurrencies because they are here to stay. Government should recognize that the globe is expanding quickly and make the appropriate changes in light of this.

 

[Syldan]

Actually the decentralized system of bitcoin operation is a total warning to the government due to the fact that alot of people invest into because they have absolute control of the resources without interference.

 

[Chibson]

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.

it is not a must for you to have a cryptocurrency whenever you are working online. In fact there are people who do not have any knowledge of how cryptocurrency works even though they are working online and making money for themselves.

 

[eenya00]

it is not a must for you to have a cryptocurrency whenever you are working online. In fact there are people who do not have any knowledge of how cryptocurrency works even though they are working online and making money for themselves.

yes, some people do not have a clue on how bitcoin works even though they actively engage for things online and are very active online as well but they are yet to understand how the blockchain technology works.

 

[Sincerem]

Most countries who considered cryptocurrency like bitcoins to be a threat to their economy or financial institution will have cryptocurrency to be completely banned from their countries. This is the only limitations.

 

[Alisco]

Most countries who considered cryptocurrency like bitcoins to be a threat to their economy or financial institution will have cryptocurrency to be completely banned from their countries. This is the only limitations.

Factually,no country will allow Bitcoin use in the country seeing it a threat to the country's economy and it's financial institution as you made clear

 

[tyrim88]

Actually the decentralized system of bitcoin operation is a total warning to the government due to the fact that alot of people invest into because they have absolute control of the resources without interference.

There are lots of benefits that one can get when heis trading on cryptocurency platforms,it is actually decentralise and one can make use of it to confirm trans bordre e-commerce transaction.

 

[Immilash]

it is not a must for you to have a cryptocurrency whenever you are working online. In fact there are people who do not have any knowledge of how cryptocurrency works even though they are working online and making money for themselves.

That's true, but cryptocurrency is one of the popular ways were a lot of people receive their earnings online, if you are working online I think you must have come across a website the only pays it members via cryptocurrencies wallet.

 

[Sincerem]

Factually,no country will allow Bitcoin use in the country seeing it a threat to the country's economy and it's financial institution as you made clear

That is one of the reasons some countries choose to ban cryptocurrency from operating in their country , because of the fact that they believe that a lot of people in the country are taking money from the economy to invest in cryptocurrency.

 

[Immilash]

Actually the decentralized system of bitcoin operation is a total warning to the government due to the fact that alot of people invest into because they have absolute control of the resources without interference.

Bitcoin is really helpful a lot of people, we have some countries that banned the use of Bitcoin which is very bad, Bitcoin is my best cryptocurrency wallet that I'll like to receive my earnings from.

 

[Agbalagbaa]

The truth is that I don't really like what my government are doing, they banned the use of cryptocurrencies with no good reason, if you are from my country you'll understand what I mean.

 

[Lynaia]

Maybe bitcoin is like a warning to them before when I first hit the market as many of those governments don't want to adopt it before, but it has become a normal thing to them now

 

[eenya00]

bitcoin is a very big warning to the financial sector and i believe that those in charge of the financial sector have seen the handwriting on the wall and would take the necessary measures as well

 

[Immilash]

The truth is that I don't really like what my government are doing, they banned the use of cryptocurrencies with no good reason, if you are from my country you'll understand what I mean.

That's not a good idea, I believe the reason why the Nigerian government banned cryptocurrencies is because a lot of fraudlers are using Bitcoin, I think that's their reason.

 

[Syldan]

Actually bitcoin is a strong warning to the government agency since it has become the global currency that is decentralised and independent on any control. alot of people prefer using it more than the fiat money because of it flexibility and safety.