Cyptocurrency to lose it's meaning!

[teminalibug 309]

21 hours ago, Apple said:

The feature is reasonable. But some people using it for bad things. Maybe that is why the government wants to regulate it. If the government wants to regulate so be it. Maybe that is the only way for crypto to jump as a payment medium.

Regulations could yes help reduce bad stuffs done using crypto, but that is not the real reason for the governments to regulate crypto, they regulate so they can collect taxes.

[Apple 202]

1 hour ago, teminalibug said:

Regulations could yes help reduce bad stuffs done using crypto, but that is not the real reason for the governments to regulate crypto, they regulate so they can collect taxes.

Yes. It's ok for me but this time they must also regulate other people to pay tax with crypto. So this time there will be a fair tax collection. No more rich guy avoids paying his tax and there will be a fair tax distribution. If they can see, we can also see. Paying tax with bitcoin will create an efficient global tax system.

[teminalibug 309]

18 hours ago, Apple said:

Yes. It's ok for me but this time they must also regulate other people to pay tax with crypto. So this time there will be a fair tax collection. No more rich guy avoids paying his tax and there will be a fair tax distribution. If they can see, we can also see. Paying tax with bitcoin will create an efficient global tax system.

It is gonna need countries to unite somehow and formulate this so called global taxation system, which is nit easy to achieve.

[Sumayya 493]

15 hours ago, Moneykiller said:

Crypto currency is used allover the world being banned in many countries.beside this i think after few days it will be all right with the cryptos.

It will be alright. Bitcoin will rise and be back and also be accept by all

[CryptoLover21 0]

Bitcoin has been hit by a dramatic plunge, wiping a fifth off its value.

The same very rapid drop has hit the entire cryptocurrency market, with around 20 per cent being wiped off all of the biggest digital currencies.

The price of bitcoin and other cryptocurrencies now appears to have settled – but with all of that value lost, after a dramatic crash that took just minutes.

[suzuya 945]

On 12/29/2019 at 3:32 PM, CryptoMaxim said:

The further the more clearly will change not the cryptocurrency itself but the approach to it. The asset in the cryptocurrency will no longer be anonymous. And of course there will be ways to sell it anonymously but it will be illegal.

I agree, people should learn to control their selves in using cryptocurrency. We can not really do anything about it, those people who are involved in such illegal activities are the only one who can stop it as well.

[Akbor 1042]

I think this this will not bring any bad impact on crypto. as there are some bad news also there are many good news too. taking tax from crypto is not a good way.

[Delgboke 2480]

On 11/11/2019 at 8:23 AM, teminalibug said:

Recently there has been crazy regulations of cryptocurrency, these regulation comes with rules that denies cryptocurrency it's true meaning, and as we new the true meaning of crypto coins is privacy and full control.

The following are the major things in regulation movements of crypto recently, that denies crypto it's true meaning.

• The impose of taxes on crypto by Argentina
• KYC imposed by localbitcoin and many others (made faucethub.io to close it's services)
• Creation of none privacy coin, Like Libra

What do you think will happen now?

 

The cryptocurrency is actually a digital ecosystem which is backed with Blockchain technology, for me I think cryptocurrency will just lost it's meaning just because of crypto privacy. 

[guatazoo 7150]

On 12/21/2019 at 9:20 AM, Nafim said:

No, i don't think crypto is losing its meaning. Not atleast because of the market conditions right now. Market going down is nothing to worry about. 

He/she did not mean market going down is how crypto loses its meaning, he was talking about regulations and centralizations.

[teminalibug 309]

4 hours ago, butyrka1986 said:

Regulation is becoming ever more comprehensive and comprehensive, which is clearly contrary to the nature of cryptocurrencies, but we won’t do anything about it. What else could you expect from governments that are used to controlling us and levying taxes on us. Further there will only be more control over how it will be displayed in the crypto business, it is still difficult to say.

I think it is these new coins and exchanges that are submitting to regulations and centralization, they are the ones destroying the legacy of bitcoin and crypto i general.

6 hours ago, Delgboke said:

The cryptocurrency is actually a digital ecosystem which is backed with Blockchain technology, for me I think cryptocurrency will just lost it's meaning just because of crypto privacy. 

The foundation if bitcoin was based on privacy of the user, anonymity and full control of your money, so I'm confused why you think privacy is the part that destroys the meaning?

[McCree 713]

4 minutes ago, teminalibug said:

I think it is these new coins and exchanges that are submitting to regulations and centralization, they are the ones destroying the legacy of bitcoin and crypto i general.

Too many fake coin tokens have caused governments to be hostile to all cryptocurrencies in general because they can't figure out the scams from the legit coins. If only there was a way to immediately remove the fake coins from circulation then it would be better for all participants.

[teminalibug 309]

49 minutes ago, McCree said:

Too many fake coin tokens have caused governments to be hostile to all cryptocurrencies in general because they can't figure out the scams from the legit coins. If only there was a way to immediately remove the fake coins from circulation then it would be better for all participants.

I think so, but is there even a slower action that can be taken to remove fake coins from circulation|? i think there is nine.

[Luciferludz 1442]

Cryptocurrencies will loose its meaning once there will be no one who got profit from cryptocurrencies trading, so there cryptocurrency will lose its meaning  

[Maxtron73 3269]

Crypto regulations must in some kind be made. Since the crypto space is waiting for regulations , as to spark a new and strong bull run. I believe that as soon as these regulations are made , cryptocurrency will see it's largest rise in history. 

[teminalibug 309]

52 minutes ago, Ibnusmanedoz said:

I think the main reason crypto was created was because of having compete control over your assets.

If you think that then what do you think about these regulations and centralization, you think they want to take that control from us or  not?

[Sumayya 493]

On 1/6/2020 at 3:55 PM, Simeon4real said:

I don't agree that crypto-currency will  lose its meaning . It has proved to be a very good system available in the internet. Kyc is a very good way to verify real people. But it is not secure. We can not see what they are doing with our information.

It wouldn't lose it meaning, it can lose it meaning if it gone to far, when government get too much involved

[Romaan1987 601]

On 11/11/2019 at 12:23 PM, teminalibug said:

Recently there has been crazy regulations of cryptocurrency, these regulation comes with rules that denies cryptocurrency it's true meaning, and as we new the true meaning of crypto coins is privacy and full control.

The following are the major things in regulation movements of crypto recently, that denies crypto it's true meaning.

• The impose of taxes on crypto by Argentina
• KYC imposed by localbitcoin and many others (made faucethub.io to close it's services)
• Creation of none privacy coin, Like Libra

What do you think will happen now?

 

Yeah its true that cypro currencies are decentralized world's coins, if these will be treated as fiat crypto regulations than it does not have any kind of difference, only physical and digital will be remain the difference between these two.

[teminalibug 309]

11 hours ago, Romaan1987 said:

Yeah its true that cypro currencies are decentralized world's coins, if these will be treated as fiat crypto regulations than it does not have any kind of difference, only physical and digital will be remain the difference between these two.

Happy you agree with me, So how do you propose we deal with these revolutions on centralizing cryptocurrency.

[Romaan1987 601]

3 hours ago, teminalibug said:

Happy you agree with me, So how do you propose we deal with these revolutions on centralizing cryptocurrency.

Centralized currencies can also be work on block chain technology, as its the best technology to use. both of centralized and decentralized currencies should have existence as we can not leave both of them.

[Apple 202]

On 1/4/2020 at 12:44 PM, teminalibug said:

It is gonna need countries to unite somehow and formulate this so called global taxation system, which is nit easy to achieve.

Ahh sorry. Could one app be used globally? Maybe the ethereum foundation could make one global tax app for example.

Edited January 8, 2020 by Apple

[teminalibug 309]

7 hours ago, Romaan1987 said:

Centralized currencies can also be work on block chain technology, as its the best technology to use. both of centralized and decentralized currencies should have existence as we can not leave both of them.

What is the benefits of centralized cryptocurrencies towards individuals.

[teminalibug 309]

1 hour ago, Apple said:

Ahh sorry. Could one app be used globally? Maybe the ethereum foundation could make one global tax app for example.

A tax app, i do not know how that would work, who will use the app anyway, there are better way to impose tax in crypto.

[Opinder 1310]

On 11/11/2019 at 12:53 PM, teminalibug said:

Recently there has been crazy regulations of cryptocurrency, these regulation comes with rules that denies cryptocurrency it's true meaning, and as we new the true meaning of crypto coins is privacy and full control.

The following are the major things in regulation movements of crypto recently, that denies crypto it's true meaning.

• The impose of taxes on crypto by Argentina
• KYC imposed by localbitcoin and many others (made faucethub.io to close it's services)
• Creation of none privacy coin, Like Libra

What do you think will happen now?

 

I think these rules may support crypto currency's existence because without them crypto may used for illegal activities. Also if government charge tax then government will support it a lot. 

[teminalibug 309]

10 hours ago, Opinder said:

I think these rules may support crypto currency's existence because without them crypto may used for illegal activities. Also if government charge tax then government will support it a lot. 

I said this before, if one want to use crypto for illegal activities they will use fake ID, and money laundering and terrorists transaction will always prevail.

[Dolpharius 675]

On 11.11.2019 at 15:23, teminalibug said:

Recently there has been crazy regulations of cryptocurrency, these regulation comes with rules that denies cryptocurrency it's true meaning, and as we new the true meaning of crypto coins is privacy and full control.

The following are the major things in regulation movements of crypto recently, that denies crypto it's true meaning.

• The impose of taxes on crypto by Argentina
• KYC imposed by localbitcoin and many others (made faucethub.io to close it's services)
• Creation of none privacy coin, Like Libra

What do you think will happen now?

 

Now there will be a division of society into controlled and non-controllable that the government will fight with, this is normal for our time and everyone will choose how he wants to exist