Cyptocurrency to lose it's meaning!

[Maaz sultan 265]

On 11/11/2019 at 5:40 PM, teminalibug said:

I believe for the past 9 years some people have been trying to brute-force the private key of Nakamoto's Bitcoin wallet, but failed. that's proves how secure bitcoin is.

And its not possible even this computerized generation to crack any users wallet security , But how can hackers can hack many big institutes the answer is they detect their weak point that helps for cracking the whole exchange 💱 ,.

[Syedbesharat 5423]

The crypto is now more and more become like banking system where they have advantage over customers who are bond with them because their assets are at their exchanges or don't get big amount od coins without performing KYC. The crypto now comes to very few of exchanges and coins who have total privacy of customers. Beside all have become  open book for government and authorities to have customers all information. 

[BraveHeart01 1569]

Although tere are restrictions  on the part of the governments but the personal users are roo much of cryptocurrency bso it will be hard to make it centralized.

[zhoutong 2188]

We have so many cryptocurrencies that the word has lost its meaning. It was used to describe Bitcoin but later it was used for many digital currencies that are very different and have less appeal and worse features. We call cryptocurrencies coins like xrp, xlm, tether. These have nothing to do with Bitcoin but a lot more with Libra.

[alex3590 121]

duplicating accounts is prohibited, but it is logical in principle. I think if you are caught in such an action, you will lose both accounts

[alex3590 121]

of course, someone will follow the rules, someone will ignore, in principle, there are a lot of projects that generally all the rules are unwritten and at the same time treat customers perfectly

[Adam adam 276]

Everything has its pros and cons, and there are hidden organizations that pollute the image of Bitcoin and digital currencies to be the only profit. When false rumors abound in social media, most novice investors rush to sell at cheap prices.

[melikf78 987]

Exactly crypto was a way to send and receive money unknown but now they are ruining it with their crazy rules. I don't like libra at all and about kyc i don't know what to say its has some bad affects and some good affects and about tax what ???  Crypto is built to send money all around the h world with small fee and no tax!!

[kryptonick 2659]

Taxes, KYC and any stable coins will not make cryptocurrency lose its meaning. Anything like that doesn't change how the blockchains work and they can't be enforced on cryptocurrencies. Trading is done also peer to peer and some regulations even stricter than these can stall the adoption but they can't stop it for those that cryptocurrencies are required.

[VijithaVarghese 1994]

The post is really an eyeopener for the cryptocurrency users and the market as a whole. I think the coin being decentralised is the main reason for cryptocurrency to be effective in the financial market. The imposition of these processes is actually aimed in decentralisation.

[1qDan 478]

This is a complicated issue, since KYCS have become very popular, nowadays they request it on basically any platform, only some omit this, taxes are a regional problem but that can be expanded, the Argentine government is a leech, and in In the case of Libra, that project is dead.

 

But the problem is still alive.

[scofield64 943]

I'm sure this will not affect cryptocurrency or stop people from using it. Cryptocurrency will continue to succeed and survive. Some people call cryptocurrency scam but we still believe in it. 

[Md shah 598]

Then we can say that Satoshi nakamoto  creations is failure .I think that centralization is exactly what is happening right now I think it is not affect the all the coins directly but indirectly yes though these block chain companies at the forum .I think that we should be follow the rules and regulations about the crypto talk forum.

[mzk7736 1592]

I think it's not a bad idea for Nations to impose taxes on cryptocurrencies because it will increase their revenue while creating is for their users. The main problem nowadays that is removing the meaning of cryptocurrencies is the emergence of centralized coins in the market.

[Gluttony 1775]

I am only seeing is that they are trying to take control of crypto currency in their country. In the perspective of a government, it is their way to formally accept the crypto currency in their country and those who are already using it but despite that acceptance, they would try to modify the regularities of how their countrymen would be able to use it. This is the way that a government would see that they would also benefit from it which is in fact should only be upon the benefit of the user only. I would say that they do not know that crypto currency is uncontainable within their power over politics since crypto currency is over the digital space.

[bogdanoff 3173]

Cryptocurrency can't lose it's meaning. We have a lot more to see and the efforts made to curb the expansion of use of cryptocurrencies is not going to reduce the nature of them. Some were centralized already but the decentralized cryptocurrencies that don't have option to block transactions are those that doesn't lose their meaning.

[Mella 3680]

Yes some of these are a problem which can make the crypto essence lose the meaning it has. I am hope the core of the community keeps explain and push for adoption with no kyc involved and without big taxation from governments. I am think we are need less regulation and more adoption as crypto it is today.

[saradz 2259]

10 minutes ago, Saimm said:

If true it is complicate us about the tax imposed in some countries. Hopefully this does not continue and crypto remain usual. Crypto can produce product that work in real life if so crypto will really function.

Governments are trying to control digital currencies in any way by imposing large taxes on them, but the thing that annoys governments in these currencies is that their main feature is decentralization.

[wassim19 645]

It is part of the new era where Satoshi Ngatmo is the founder of Bitcoin, and he is the one who in fact made the cryptocurrency decentralized. Nobody can do that. It is a great invention other than the course of many things. If this is true, it will complicate us. And difficult currency to exploit digital currencies

[Ummah97531 615]

Yes, basically! Of course then we can say that Satoshi Nakamoto creation failure I I think centralization is exactly what is happening now. It does not directly affect all coins but indirectly yes although the blockchain companies of this forum I actually we should follow the rules about crypto talk forums. So that there is no problem later.

[Pranto1 40]

It So sad that the basic features of cryptocurrency are easily manipulated and changed.  This is the essence of crypto I hope they respect it.

[MalikAdnan 1662]

I think it is very complicated. Crytpo actually is a revolution in the world. So, but new government taxes are applied in the crypto. So therefore some people says crypto lose their meaning. Because by taxes applied the profit tattoo become is very low. 

They demand now everywhere KYC.

Govt. Taxes also included.

Others many things.

[Husnyjaf 1784]

With the way cryptocurrencies are increasing in value every day I dont think it will lose it meaning value. For me it difficult to decide on that now. Bitcoin for example I think it is the future of all currencies. 

[yonkii 3205]

There are some reports lately about France that will ask for everyone inside the country to do KYC and have all crypto under their name. It is something strange as there are peole doing thousands of transactions every month and it could be just needing days to declare every wallet and movement in or out. 

[teebasas 3018]

I believe cryptocurrencies were created in order to maintain the privacy of people, but some sites require verification of the KYC, although some people do not have any problem in using these sites and sharing their important information.