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#151 2023-12-27 22:25:10

Europ
Member
Registered: 2023-05-23
Posts: 1,372

Re: One of the reason you should not trust Government or centralized syste

What i actually dislike is that  the Government  may sometimes discourage individual initiative and entrepreneurship. Excessive regulations and restrictions can reduce the motives for individuals and businesses to take risks and innovate.

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#152 2023-12-27 22:28:04

gap
Member
Registered: 2023-06-14
Posts: 1,105

Re: One of the reason you should not trust Government or centralized syste

They are likely to influenced by various interest groups and lobbyists, which may lead to policies that favor certain industries or groups at the expense of others.

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#153 2023-12-27 22:30:04

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 1,585

Re: One of the reason you should not trust Government or centralized syste

gap;28479 wrote:

They are likely to influenced by various interest groups and lobbyists, which may lead to policies that favor certain industries or groups at the expense of others.

This you mentioned can as well affect the stakeholders, aspiring investors and philanthropist of small stakeholders.

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#154 2024-01-07 22:14:12

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 2,282

Re: One of the reason you should not trust Government or centralized syste

Centralized exchanges are subject to government regulations, and governments may have the authority to intervene or enforce restrictions on these platforms. This regulatory control can impact the freedom and privacy that some cryptocurrency enthusiasts value.

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#155 2024-01-07 22:21:46

Kelechi
Member
Registered: 2022-12-25
Posts: 2,148

Re: One of the reason you should not trust Government or centralized syste

On centralized exchanges, users often entrust the custody of their private keys to the exchange itself. This raises security concerns, as exchanges become attractive targets for hackers seeking to access a large number of private keys in a single breach.

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#156 2024-01-08 21:54:02

Lanistergame2
Member
Registered: 2022-12-25
Posts: 1,520

Re: One of the reason you should not trust Government or centralized syste

Centralized entities may lack accountability as decision-makers might not be held responsible for their actions.

Loss of Individual Control: In centralized systems, individuals may have limited control over their own assets, data, or resources, as decisions are made by a central authority.

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#157 2024-01-08 22:18:02

KAMSI_UG
Member
Registered: 2022-12-26
Posts: 1,894

Re: One of the reason you should not trust Government or centralized syste

[08/01, 22:54] Kingchiedo: Concentrated power in a centralized system can pave the way for authoritarianism, limiting political freedoms and rights.
[08/01, 22:55] Kingchiedo: Centralized systems are often associated with bureaucracy and inefficiency due to layers of decision-making and red tape.

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#158 2024-01-10 19:47:49

Europ
Member
Registered: 2023-05-23
Posts: 1,372

Re: One of the reason you should not trust Government or centralized syste

Government aristocrat  basically revolves with the national forms of living. The expense at which a given country response to changes will determine the effect and principles that  affect their system.

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#159 2024-01-10 22:37:46

gap
Member
Registered: 2023-06-14
Posts: 1,105

Re: One of the reason you should not trust Government or centralized syste

The whole idea about cryptocurrency is to give power to people instead of a holding organisation.

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#160 2024-01-14 10:44:51

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 1,558

Re: One of the reason you should not trust Government or centralized syste

Well it regardly okay to use a privatize explorers that stops websites (or third parties like governments or your Internet Service Provider) from tracking your location and internet activity.

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#161 2024-01-14 10:47:06

gap
Member
Registered: 2023-06-14
Posts: 1,105

Re: One of the reason you should not trust Government or centralized syste

Comrade;29763 wrote:

Well it regardly okay to use a privatize explorers that stops websites (or third parties like governments or your Internet Service Provider) from tracking your location and internet activity.

That's why i love the Utopia p2p ecosystem idyll broswer it helps to reduces the digital footprint you leave behind when you browse the internet and stops advertisers from getting your data.

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#162 2024-01-14 10:49:13

Europ
Member
Registered: 2023-05-23
Posts: 1,372

Re: One of the reason you should not trust Government or centralized syste

gap;29764 wrote:
Comrade;29763 wrote:

Well it regardly okay to use a privatize explorers that stops websites (or third parties like governments or your Internet Service Provider) from tracking your location and internet activity.

That's why i love the Utopia p2p ecosystem idyll broswer it helps to reduces the digital footprint you leave behind when you browse the internet and stops advertisers from getting your data.

The best VPNs on the market, like ExpressVPN, CyberGhost, and Private Internet Access (PIA), keep you completely anonymous online. They also offer other useful security and privacy features like kill switches that automatically and instantly shut down your internet connection if you lose connection to the VPN.

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#163 2024-01-14 10:50:59

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 1,585

Re: One of the reason you should not trust Government or centralized syste

Europ;29765 wrote:
gap;29764 wrote:
Comrade;29763 wrote:

Well it regardly okay to use a privatize explorers that stops websites (or third parties like governments or your Internet Service Provider) from tracking your location and internet activity.

That's why i love the Utopia p2p ecosystem idyll broswer it helps to reduces the digital footprint you leave behind when you browse the internet and stops advertisers from getting your data.

The best VPNs on the market, like ExpressVPN, CyberGhost, and Private Internet Access (PIA), keep you completely anonymous online. They also offer other useful security and privacy features like kill switches that automatically and instantly shut down your internet connection if you lose connection to the VPN.

A quick way to find out how much Google knows about you is to search your name. While it won’t reveal how much of your data advertisers and other third parties have, a Google (or your search engine of choice) search will show you how much information about you is instantly available to the public

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#164 2024-01-14 19:58:40

Europ
Member
Registered: 2023-05-23
Posts: 1,372

Re: One of the reason you should not trust Government or centralized syste

We all know that a cryptocurrency stands as a digital currency based on a network that is scattered across a huge number of computers these doesn't involve and centralise authorities . The decentralized system of cryptocurrency makes it faster and cheaper to transfer money.  It does not crumble at a single point of failure.

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#165 2024-01-14 20:03:29

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 1,585

Re: One of the reason you should not trust Government or centralized syste

The blockchains records the data and keeps track of the transactions sent via the network. Blockchain is a virtual chain of blocks each of which contains a set of transactions and other information. The block becomes immutable which cannot be replaced or removed, and these government wants something they can easily authorized and control.

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#166 2024-01-15 21:18:33

Lanistergame2
Member
Registered: 2022-12-25
Posts: 1,520

Re: One of the reason you should not trust Government or centralized syste

Historical instances of government corruption and abuse of power can erode trust. When people perceive a lack of transparency or accountability, trust diminishes.

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#167 2024-01-15 22:02:20

Kelechi
Member
Registered: 2022-12-25
Posts: 2,148

Re: One of the reason you should not trust Government or centralized syste

I believe trust is a critical factor in the cryptocurrency space. Some users may be skeptical of centralized entities due to past incidents of fraud, mismanagement, or breaches of trust.

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#168 2024-01-15 22:03:45

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 2,282

Re: One of the reason you should not trust Government or centralized syste

Kelechi;29885 wrote:

I believe trust is a critical factor in the cryptocurrency space. Some users may be skeptical of centralized entities due to past incidents of fraud, mismanagement, or breaches of trust.

You are right mate, Users in regions with political or economic instability may be concerned about the security of their assets if stored in centralized exchanges subject to government influence or potential disruptions.

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#169 2024-01-21 22:46:47

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 1,585

Re: One of the reason you should not trust Government or centralized syste

There are still only accepted by a very small group of online merchants. This makes it unfeasible to completely rely on Bitcoins as a currency. There is also a possibility that governments might force merchants to not use Bitcoins to ensure that users’ transactions can be tracked.

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#170 2024-01-22 23:47:09

joanna
Member
Registered: 2023-01-10
Posts: 2,273

Re: One of the reason you should not trust Government or centralized syste

CrytoCynthia;29886 wrote:
Kelechi;29885 wrote:

I believe trust is a critical factor in the cryptocurrency space. Some users may be skeptical of centralized entities due to past incidents of fraud, mismanagement, or breaches of trust.

You are right mate, Users in regions with political or economic instability may be concerned about the security of their assets if stored in centralized exchanges subject to government influence or potential disruptions.

The influence and potential disruptions of assets stored in centralized exchanges by governments can have significant implications for individuals, businesses, and the overall cryptocurrency ecosystem.

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#171 2024-01-22 23:47:35

Vastextension
Member
Registered: 2022-11-19
Posts: 1,909

Re: One of the reason you should not trust Government or centralized syste

joanna;30444 wrote:
CrytoCynthia;29886 wrote:
Kelechi;29885 wrote:

I believe trust is a critical factor in the cryptocurrency space. Some users may be skeptical of centralized entities due to past incidents of fraud, mismanagement, or breaches of trust.

You are right mate, Users in regions with political or economic instability may be concerned about the security of their assets if stored in centralized exchanges subject to government influence or potential disruptions.

The influence and potential disruptions of assets stored in centralized exchanges by governments can have significant implications for individuals, businesses, and the overall cryptocurrency ecosystem.

Governments have the power to impose regulatory measures on centralized exchanges within their jurisdictions. These measures can range from basic licensing requirements to more stringent regulations addressing customer protection, anti-money laundering (AML), and know your customer (KYC) procedures.

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#172 2024-01-22 23:48:10

joanna
Member
Registered: 2023-01-10
Posts: 2,273

Re: One of the reason you should not trust Government or centralized syste

Vastextension;30445 wrote:
joanna;30444 wrote:
CrytoCynthia;29886 wrote:

You are right mate, Users in regions with political or economic instability may be concerned about the security of their assets if stored in centralized exchanges subject to government influence or potential disruptions.

The influence and potential disruptions of assets stored in centralized exchanges by governments can have significant implications for individuals, businesses, and the overall cryptocurrency ecosystem.

Governments have the power to impose regulatory measures on centralized exchanges within their jurisdictions. These measures can range from basic licensing requirements to more stringent regulations addressing customer protection, anti-money laundering (AML), and know your customer (KYC) procedures.

Compliance with these regulations may increase operational costs for exchanges and impose limitations on user activities, potentially disrupting the ease of access and functionality.

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#173 2024-01-22 23:48:57

Vastextension
Member
Registered: 2022-11-19
Posts: 1,909

Re: One of the reason you should not trust Government or centralized syste

joanna;30446 wrote:
Vastextension;30445 wrote:
joanna;30444 wrote:

The influence and potential disruptions of assets stored in centralized exchanges by governments can have significant implications for individuals, businesses, and the overall cryptocurrency ecosystem.

Governments have the power to impose regulatory measures on centralized exchanges within their jurisdictions. These measures can range from basic licensing requirements to more stringent regulations addressing customer protection, anti-money laundering (AML), and know your customer (KYC) procedures.

Compliance with these regulations may increase operational costs for exchanges and impose limitations on user activities, potentially disrupting the ease of access and functionality.

Governments can seize or freeze assets held in centralized exchanges in cases related to investigations, fraud, or illegal activities.

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#174 2024-01-22 23:49:16

joanna
Member
Registered: 2023-01-10
Posts: 2,273

Re: One of the reason you should not trust Government or centralized syste

Vastextension;30447 wrote:
joanna;30446 wrote:
Vastextension;30445 wrote:

Governments have the power to impose regulatory measures on centralized exchanges within their jurisdictions. These measures can range from basic licensing requirements to more stringent regulations addressing customer protection, anti-money laundering (AML), and know your customer (KYC) procedures.

Compliance with these regulations may increase operational costs for exchanges and impose limitations on user activities, potentially disrupting the ease of access and functionality.

Governments can seize or freeze assets held in centralized exchanges in cases related to investigations, fraud, or illegal activities.

This action can restrict individuals' access to their funds, potentially leading to financial losses and impacting trust in centralized exchanges. Such incidents can also create uncertainty and undermine the perceived security and reliability of centralized exchange platforms.

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#175 2024-01-22 23:49:59

Vastextension
Member
Registered: 2022-11-19
Posts: 1,909

Re: One of the reason you should not trust Government or centralized syste

joanna;30448 wrote:
Vastextension;30447 wrote:
joanna;30446 wrote:

Compliance with these regulations may increase operational costs for exchanges and impose limitations on user activities, potentially disrupting the ease of access and functionality.

Governments can seize or freeze assets held in centralized exchanges in cases related to investigations, fraud, or illegal activities.

This action can restrict individuals' access to their funds, potentially leading to financial losses and impacting trust in centralized exchanges. Such incidents can also create uncertainty and undermine the perceived security and reliability of centralized exchange platforms.

In certain jurisdictions, governments may impose capital controls to regulate the movement of funds in and out of the country.

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