I strongly disagree that bitcoin is a warning to the government. It can not be used as a global currency even though it decentralized and Out of control by any bank.
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I do not think crypto currencies pose any harm to the economy of any country. El Salvador has adopted Bitcoin as their legal tender and I believe it's a very good move to boost their economy.I do not really understand the kind of warning you were trying to explain. I think the government of many countries are really scare of the rise and acceptance bitcoin could do to their economy. The warning I see is for the government to come up with policies that will check the activities of bitcoin as it affects the fiat currency of her country.
Yes, but the good thing is that they cannot make policies that would completely stop crypto currency transactions. Alternatives like peer to peer market place are always there to help out.Well as far as I'm concerned everything is the one to the government especially when they're not the one that is controlling that thing or gain more profit from that thing which is why they are all against cryptocurrencies.
You have a point. like me for example. I prefer to save my funds in crypto currency that to save to bank. Because if I save it to my wallet. I am the bank of my self I can do whatever I like with the money. No body will have to tell me to bring a document to do some things to my account with the fundsI agree with you completely. Bitcoin has put to shame the useless efforts of saving up fiat that gets devalued by the day without any protection against inflation. It is a warning that I doubt they will heed.
I tell you! These days I would rather save my funds in usdt if I think the market is too volatile than let it sit in a bank where maintenance fees will keep getting deducted and reducing my funds.You have a point. like me for example. I prefer to save my funds in crypto currency that to save to bank. Because if I save it to my wallet. I am the bank of my self I can do whatever I like with the money. No body will have to tell me to bring a document to do some things to my account with the funds
Yes, but the good thing is that they cannot make policies that would completely stop crypto currency transactions. Alternatives like peer to peer market place are always there to help out.
In this our information age, if would be very difficult for the government to just decide to ban or regulate anything, there are so many alternatives.exactly it's what we have been able to the mechanism for dealing with cryptocurrency in my country right now since our government placed a ban on any transaction that you can do through banks with your crypto.
I don't think so. When Nigerian government banned crypto currencies, the prices began to rise continuously till now.I do not buy that statement. If the government wants, it can easily ban bitcoin and make it illegal. Once it is illegal the value of bitcoin will go down to zero.
It can never be a warning to the government since it is not the main currency the government uses for it transactions and besides, bitcoin can be regulated by the government either by ban or restrictions of it activities.I strongly disagree that bitcoin is a warning to the government. It can not be used as a global currency even though it decentralized and Out of control by any bank.
I do not know what's it like in Nigeria. But when governments ban crypto price falls down, for example see what's happening after china banned crypto currencies.I don't think so. When Nigerian government banned crypto currencies, the prices began to rise continuously till now.
I understand now, but when crypto currencies were banned in my country, the prices didn't go down. That was February this year. China has major influence on crypto.I do not know what's it like in Nigeria. But when governments ban crypto price falls down, for example see what's happening after china banned crypto currencies.