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#126 2023-06-13 19:41:15

KAMSI_UG
Member
Registered: 2022-12-26
Posts: 2,368

Re: To overcome malicious threats

JONSNOWING;13664 wrote:

I believe with time more people across the world will hear about Cryptocurrency and more users will join because the CRP Coin can has the nice reviews to being in more users and intending investors

Yes mate that's the target for crypto-currency to achieve although we are well aware that it won't be very easy to achieve we still have to understand that there are hindrances like the government.

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#127 2023-06-13 19:48:33

KingCRP
Member
Registered: 2023-01-06
Posts: 1,054

Re: To overcome malicious threats

KAMSI_UG;13665 wrote:
JONSNOWING;13664 wrote:

I believe with time more people across the world will hear about Cryptocurrency and more users will join because the CRP Coin can has the nice reviews to being in more users and intending investors

Yes mate that's the target for crypto-currency to achieve although we are well aware that it won't be very easy to achieve we still have to understand that there are hindrances like the government.

Well I am not surprised that the government are amongst the hindrance that Utopia p2p and other cryptocurrency projects are all facing to receive full adoption.

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#128 2023-06-13 21:44:18

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 2,756

Re: To overcome malicious threats

The government are scared that Cryptocurrency decentralized nature would take away control from them I think they are scared of the future events of crypto-currency.

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#129 2023-06-14 02:15:33

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 2,025

Re: To overcome malicious threats

CrytoCynthia;13713 wrote:

The government are scared that Cryptocurrency decentralized nature would take away control from them I think they are scared of the future events of crypto-currency.

This government are those that constitutes the generated resources of the nation that mostly focus on the income produce by the citizen. The crypto is self secured currency that doesn't involve the legacy of government.

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#130 2023-06-14 15:18:22

Europ
Member
Registered: 2023-05-23
Posts: 1,834

Re: To overcome malicious threats

Comrade;13793 wrote:
CrytoCynthia;13713 wrote:

The government are scared that Cryptocurrency decentralized nature would take away control from them I think they are scared of the future events of crypto-currency.

This government are those that constitutes the generated resources of the nation that mostly focus on the income produce by the citizen. The crypto is self secured currency that doesn't involve the legacy of government.

The government might be concerned about them loosing fund and just looking for something to get control of.

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#131 2023-06-14 16:14:31

JONSNOWING
Member
Registered: 2023-01-06
Posts: 1,071

Re: To overcome malicious threats

Comrade;13793 wrote:
CrytoCynthia;13713 wrote:

The government are scared that Cryptocurrency decentralized nature would take away control from them I think they are scared of the future events of crypto-currency.

This government are those that constitutes the generated resources of the nation that mostly focus on the income produce by the citizen. The crypto is self secured currency that doesn't involve the legacy of government.

You are right mate, but assuming if the government tries to take part in the cryptocurrency resources in the nearest future, is it possible that they will succeed?

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#132 2023-06-14 17:09:28

PEACEMAKER
Member
Registered: 2023-01-27
Posts: 412

Re: To overcome malicious threats

JONSNOWING;13827 wrote:

You are right mate, but assuming if the government tries to take part in the cryptocurrency resources in the nearest future, is it possible that they will succeed?

Many governments are trying to get into crypto currency by offering CBDC (Central bank digital currencies). We can't tell for now whether it will be successful or not, we would only have to wait and see.

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#133 2023-06-14 19:01:01

joanna
Member
Registered: 2023-01-10
Posts: 3,082

Re: To overcome malicious threats

Comrade;13793 wrote:
CrytoCynthia;13713 wrote:

The government are scared that Cryptocurrency decentralized nature would take away control from them I think they are scared of the future events of crypto-currency.

This government are those that constitutes the generated resources of the nation that mostly focus on the income produce by the citizen. The crypto is self secured currency that doesn't involve the legacy of government.

All these reasons and cryptocurrencies being decentralized, which means that they are not controlled by any central authority or government is the reason why the government doesn't want to support cryptocurrency.

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#134 2023-06-14 19:03:50

Lanistergame2
Member
Registered: 2022-12-25
Posts: 2,045

Re: To overcome malicious threats

joanna;13913 wrote:

All these reasons and cryptocurrencies being decentralized, which means that they are not controlled by any central authority or government is the reason why the government doesn't want to support cryptocurrency.

The government would only support something if they have something to gain and as it stands with crypto being completely decentralized the only way they can gain from it is by taxing capital gains on crypto sales which governments are already doing.

Besides this the agenda is to make crypto regulated through exchanges.

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#135 2023-06-14 21:51:23

full
Member
Registered: 2023-01-06
Posts: 1,793

Re: To overcome malicious threats

joanna;13913 wrote:
Comrade;13793 wrote:
CrytoCynthia;13713 wrote:

The government are scared that Cryptocurrency decentralized nature would take away control from them I think they are scared of the future events of crypto-currency.

This government are those that constitutes the generated resources of the nation that mostly focus on the income produce by the citizen. The crypto is self secured currency that doesn't involve the legacy of government.

All these reasons and cryptocurrencies being decentralized, which means that they are not controlled by any central authority or government is the reason why the government doesn't want to support cryptocurrency.

The government is fun though because the lack of control which makes it difficult for governments to regulate and enforce laws related to cryptocurrencies shouldn't be the reason for them to be scared about cryptocurrency. What's important is the citizen benefit from it.

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#136 2023-06-14 21:51:44

Vastextension
Member
Registered: 2022-11-19
Posts: 2,309

Re: To overcome malicious threats

full;14001 wrote:
joanna;13913 wrote:
Comrade;13793 wrote:

This government are those that constitutes the generated resources of the nation that mostly focus on the income produce by the citizen. The crypto is self secured currency that doesn't involve the legacy of government.

All these reasons and cryptocurrencies being decentralized, which means that they are not controlled by any central authority or government is the reason why the government doesn't want to support cryptocurrency.

The government is fun though because the lack of control which makes it difficult for governments to regulate and enforce laws related to cryptocurrencies shouldn't be the reason for them to be scared about cryptocurrency. What's important is the citizen benefit from it.

I think believe that cryptocurrencies have gained a reputation for being used in illegal activities such as money laundering and drug transactions whereas fiat currency is the payment mostly used for such activities.

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#137 2023-06-14 21:52:05

level
Member
Registered: 2023-01-19
Posts: 1,566

Re: To overcome malicious threats

Vastextension;14002 wrote:
full;14001 wrote:
joanna;13913 wrote:

All these reasons and cryptocurrencies being decentralized, which means that they are not controlled by any central authority or government is the reason why the government doesn't want to support cryptocurrency.

The government is fun though because the lack of control which makes it difficult for governments to regulate and enforce laws related to cryptocurrencies shouldn't be the reason for them to be scared about cryptocurrency. What's important is the citizen benefit from it.

I think believe that cryptocurrencies have gained a reputation for being used in illegal activities such as money laundering and drug transactions whereas fiat currency is the payment mostly used for such activities.

Governments may not support cryptocurrencies as they fear that cryptocurrency may make fiat currency obsolete since people are not getting benefits by keeping their funds in fiat currency and people are getting vast benefits by saving in cryptocurrency.

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#138 2023-06-14 21:52:25

full
Member
Registered: 2023-01-06
Posts: 1,793

Re: To overcome malicious threats

level;14003 wrote:
Vastextension;14002 wrote:
full;14001 wrote:

The government is fun though because the lack of control which makes it difficult for governments to regulate and enforce laws related to cryptocurrencies shouldn't be the reason for them to be scared about cryptocurrency. What's important is the citizen benefit from it.

I think believe that cryptocurrencies have gained a reputation for being used in illegal activities such as money laundering and drug transactions whereas fiat currency is the payment mostly used for such activities.

Governments may not support cryptocurrencies as they fear that cryptocurrency may make fiat currency obsolete since people are not getting benefits by keeping their funds in fiat currency and people are getting vast benefits by saving in cryptocurrency.

Another thing they believe is that cryptocurrencies are notorious for their volatility, with prices fluctuating significantly within a day.

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#139 2023-06-14 21:52:49

Vastextension
Member
Registered: 2022-11-19
Posts: 2,309

Re: To overcome malicious threats

full;14004 wrote:
level;14003 wrote:
Vastextension;14002 wrote:

I think believe that cryptocurrencies have gained a reputation for being used in illegal activities such as money laundering and drug transactions whereas fiat currency is the payment mostly used for such activities.

Governments may not support cryptocurrencies as they fear that cryptocurrency may make fiat currency obsolete since people are not getting benefits by keeping their funds in fiat currency and people are getting vast benefits by saving in cryptocurrency.

Another thing they believe is that cryptocurrencies are notorious for their volatility, with prices fluctuating significantly within a day.

So they think making an investment in cryptocurrency is a risky investment. So they are playing the role of father and mother by not encouraging their citizens to invest in the cryptocurrency market.

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#140 2023-06-14 21:53:18

level
Member
Registered: 2023-01-19
Posts: 1,566

Re: To overcome malicious threats

Vastextension;14005 wrote:
full;14004 wrote:
level;14003 wrote:

Governments may not support cryptocurrencies as they fear that cryptocurrency may make fiat currency obsolete since people are not getting benefits by keeping their funds in fiat currency and people are getting vast benefits by saving in cryptocurrency.

Another thing they believe is that cryptocurrencies are notorious for their volatility, with prices fluctuating significantly within a day.

So they think making an investment in cryptocurrency is a risky investment. So they are playing the role of father and mother by not encouraging their citizens to invest in the cryptocurrency market.

This is funny and it is clearly a political strategy of denying cryptocurrency the chance to be mainstream of payment and investment since we have the SEC which is what is needed to prevent investors.

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#141 2023-06-14 21:53:53

full
Member
Registered: 2023-01-06
Posts: 1,793

Re: To overcome malicious threats

level;14006 wrote:
Vastextension;14005 wrote:
full;14004 wrote:

Another thing they believe is that cryptocurrencies are notorious for their volatility, with prices fluctuating significantly within a day.

So they think making an investment in cryptocurrency is a risky investment. So they are playing the role of father and mother by not encouraging their citizens to invest in the cryptocurrency market.

This is funny and it is clearly a political strategy of denying cryptocurrency the chance to be mainstream of payment and investment since we have the SEC which is what is needed to prevent investors.

Despite the growth of the cryptocurrency market, it remains relatively small compared to traditional markets such as stocks and bonds. REPLY
Yes, but that doesn't stop the governments from supporting the cryptocurrency market, I think they dislike it because that is untested and not proven to have a significant impact on the economy so they see it as a threat to the economy

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#142 2023-06-14 22:10:45

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 2,756

Re: To overcome malicious threats

full;14007 wrote:
level;14006 wrote:
Vastextension;14005 wrote:

So they think making an investment in cryptocurrency is a risky investment. So they are playing the role of father and mother by not encouraging their citizens to invest in the cryptocurrency market.

This is funny and it is clearly a political strategy of denying cryptocurrency the chance to be mainstream of payment and investment since we have the SEC which is what is needed to prevent investors.

Despite the growth of the cryptocurrency market, it remains relatively small compared to traditional markets such as stocks and bonds. REPLY
Yes, but that doesn't stop the governments from supporting the cryptocurrency market, I think they dislike it because that is untested and not proven to have a significant impact on the economy so they see it as a threat to the economy

Well you are right but I think we still have people who are in stock and bonds and are still interested and involved in cryptocurrency. I believe you can get the best of both worlds and it's fine.

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#143 2023-06-15 02:25:36

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 2,025

Re: To overcome malicious threats

CrytoCynthia;14010 wrote:
full;14007 wrote:
level;14006 wrote:

This is funny and it is clearly a political strategy of denying cryptocurrency the chance to be mainstream of payment and investment since we have the SEC which is what is needed to prevent investors.

Despite the growth of the cryptocurrency market, it remains relatively small compared to traditional markets such as stocks and bonds. REPLY
Yes, but that doesn't stop the governments from supporting the cryptocurrency market, I think they dislike it because that is untested and not proven to have a significant impact on the economy so they see it as a threat to the economy

Well you are right but I think we still have people who are in stock and bonds and are still interested and involved in cryptocurrency. I believe you can get the best of both worlds and it's fine.

If the government reinstate the charges and lets binance work free, that will be of good advantage to the crypto world at large.

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#144 2023-06-15 18:28:00

thrive
Member
Registered: 2023-01-04
Posts: 2,308

Re: To overcome malicious threats

full;14007 wrote:
level;14006 wrote:
Vastextension;14005 wrote:

So they think making an investment in cryptocurrency is a risky investment. So they are playing the role of father and mother by not encouraging their citizens to invest in the cryptocurrency market.

This is funny and it is clearly a political strategy of denying cryptocurrency the chance to be mainstream of payment and investment since we have the SEC which is what is needed to prevent investors.

Despite the growth of the cryptocurrency market, it remains relatively small compared to traditional markets such as stocks and bonds. REPLY
Yes, but that doesn't stop the governments from supporting the cryptocurrency market, I think they dislike it because that is untested and not proven to have a significant impact on the economy so they see it as a threat to the economy

However, this could change if they truly support cryptocurrency there can be a firm in cryptocurrency just like we see in the stocks and bonds market.

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#145 2023-06-15 18:28:23

Vastextension
Member
Registered: 2022-11-19
Posts: 2,309

Re: To overcome malicious threats

thrive;14067 wrote:
full;14007 wrote:
level;14006 wrote:

This is funny and it is clearly a political strategy of denying cryptocurrency the chance to be mainstream of payment and investment since we have the SEC which is what is needed to prevent investors.

Despite the growth of the cryptocurrency market, it remains relatively small compared to traditional markets such as stocks and bonds. REPLY
Yes, but that doesn't stop the governments from supporting the cryptocurrency market, I think they dislike it because that is untested and not proven to have a significant impact on the economy so they see it as a threat to the economy

However, this could change if they truly support cryptocurrency there can be a firm in cryptocurrency just like we see in the stocks and bonds market.

Lack of understanding of cryptocurrencies is one of the reasons since cryptocurrencies are somehow relatively new technology, and many governments may not fully understand how they work their potential benefits, and their risks.

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#146 2023-06-15 18:28:46

full
Member
Registered: 2023-01-06
Posts: 1,793

Re: To overcome malicious threats

Vastextension;14068 wrote:
thrive;14067 wrote:
full;14007 wrote:

Despite the growth of the cryptocurrency market, it remains relatively small compared to traditional markets such as stocks and bonds. REPLY
Yes, but that doesn't stop the governments from supporting the cryptocurrency market, I think they dislike it because that is untested and not proven to have a significant impact on the economy so they see it as a threat to the economy

However, this could change if they truly support cryptocurrency there can be a firm in cryptocurrency just like we see in the stocks and bonds market.

Lack of understanding of cryptocurrencies is one of the reasons since cryptocurrencies are somehow relatively new technology, and many governments may not fully understand how they work their potential benefits, and their risks.

Cryptocurrencies challenge traditional financial and regulatory systems, and this makes governments wary of them. However, with the growing public interest in cryptocurrencies, some governments have started to explore and regulate them cautiously.

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#147 2023-06-15 21:57:13

JONSNOWING
Member
Registered: 2023-01-06
Posts: 1,071

Re: To overcome malicious threats

Can there be disadvantages that can come to government that explores cryptocurrency, because they come into growing systems they have seen is doing well to be a part of such system, which looks like they came at the profit and not the work level

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#148 2023-06-16 03:45:01

gap
Member
Registered: 2023-06-14
Posts: 1,578

Re: To overcome malicious threats

JONSNOWING;14173 wrote:

Can there be disadvantages that can come to government that explores cryptocurrency, because they come into growing systems they have seen is doing well to be a part of such system, which looks like they came at the profit and not the work level

The government are all about advantages and they are part of the Executive in implementing law. If the government are to explore the cryptocurency they are definitely going  to centralized the system which makes is controllable and monitored.

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#149 2023-06-16 17:22:12

JONSNOWING
Member
Registered: 2023-01-06
Posts: 1,071

Re: To overcome malicious threats

Cryptocurrency can never remain the same if the government gets to be involved in it, many Crypto whales might opt out due to their security reasons which won’t be Favourable if they continue leaving like that. Cryptocurrency is best left as a decentralized ecosystem

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#150 2023-06-16 19:18:50

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 2,025

Re: To overcome malicious threats

JONSNOWING;14250 wrote:

Cryptocurrency can never remain the same if the government gets to be involved in it, many Crypto whales might opt out due to their security reasons which won’t be Favourable if they continue leaving like that. Cryptocurrency is best left as a decentralized ecosystem

Centralized currency already has its drastic disadvantage and what advantage do we think the government will bring to crypto.

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