Cyptocurrency to lose it's meaning!

[Jessica Karren 1242]

Yes these all changes has altered the main purpose and characteristic of cryptocurrencies, the decentralized nature. The anonymity feature will be gone from all these new regulations and cryptocurrencies become more like digital currencies. 

[Moaz 7239]

This is bad news for crypto users especially in Argentina, that one of the most important advantages of cryptocurrencies is to maintain privacy and decentralization, and I think that Argentina imposing tax on cryptocurrencies is wrong in my opinion.

[Laboni 755]

Cryptocurrency will become a virtual currency and more popular in the world Even if you lose money in crypto it is very easy to recover Don't be discouraged when it comes to working on crypto. Crypto always comes and goes so we have to wait patiently.

[koussai999 1986]

Indeed, privacy is a very important thing and one of the most important things that cryptocurrencies offer at the present time. I believe that cryptocurrencies need a lot of development before they become the universal currency for everyone.

[bitcoin-shark 1928]

In fact, I also noticed that lately many governments are trying to regularize the world of crypto by actually putting many stakes like taxation that does not seem right to me and many sites that require Kyc procedures especially on localbitcoin which thus loses its meaning, that of exchanges face to face in relative anonymity Fortunately, however, this custom of taxing and regulatory everything has not taken off in all the world there are still parts of the world and sites where you can operate safely in total anonymity and with maximum privacy just hope it continues like this

[TimopheyKa 3900]

It seems to me that these pushes in the blockchain system, as well as various bans and openings, affect our system in a different way, that is, one tries to step over the other in order to do something better??

[zizi17 50]

There are problems around it around the world, crytpocurency loses its meaning due to the noise it has bought for the world, but all transaction information is displayed transparently, the process of making cryptocurrency to protect its privacy, but this is the unique cryptocurrency.

[BTC Future 3946]

On 6/11/2020 at 5:34 PM, Jessica Karren said:

Yes these all changes has altered the main purpose and characteristic of cryptocurrencies, the decentralized nature. The anonymity feature will be gone from all these new regulations and cryptocurrencies become more like digital currencies. 

Digital currencies will be soon government issued. CBDCs will apparently take over and become the new normal in tranactions. Perhaps cryptocurrencies will still play a role but if governments feel that they are obstructing their plans then they will ban them. 

[khan22 3478]

In the crypto market if you invest in a good coin and hold it for the future than you can make good money or if you invest in a fake project than you will definitely lose your money at that time becasue scammers will always make scam with innocent peoples.

[Ndayebo8 0]

this is currently investigated and fully justified and understandable because of negative informations in the media about criminals using crypto’s on the dark web to avoid detection and those who have invested in the coins loses and lost their life savings as a result of unaware market crashes. 

[Guru2050 8284]

Crypto currencies are known for its exceptional feature of decentralization in nature. That's features renders it free from government taxes, being regulated and monitored by specific individuals or top teams. These are the key features that differentiate it from centralized currency

[Abdul41x 0]

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?

 

Impose In taxes really diminished the true meaning of crypto currency because crypto currency is a decentralized system where transaction can be done without a middle man .

[Yomose 3704]

23 hours ago, Mahmood9 said:

We cannot compare the balance currency with the rest of the other cryptocurrencies, as what distinguishes cryptocurrencies is decentralization and therefore there is no manager for them. As for the balance currency, it is a central currency managed by Facebook

You need to change what you meant my balance currency, it is called fiat. There is nothing called balance currencies, it is a very wrong usage. 

Cryptocurrencies  is truly decentralized while fiat is centralized and regulated by central bodies. 

[satella17 65]

On 11/11/2019 at 1:23 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?

 

instead of the cryptos being anonymous, they will no longer be anonymous because of so many regulations that have made them meaningless

[Onden 2098]

I think now a lot of cryptocurrencies have lost their meaning, because the real principle is decentralization, now many cryptocurrencies are centralized. Day after day, there are many rules that govern cryptocurrency, from taxes to cryptocurrency usage. For me the most important thing is that cryptocurrency is still profitable.

[Fixfin 2569]

These are negative events and can be seen as efforts to block or minimize the effect of crypto. Taxation is required when profiting above a threshold and according to the total income of the trader but not for small amounts, it should be implemented at profits above 10,000 dollars and not bellow this.

[Sykkuno 2887]

There are regulations that force exchanges to ask for KYC and many more things that we don't like and can make cryptocurrencies lose their real meaning, although privacy will always exist to an extend but did not exist completely.

[Alex9876r 1408]

Unfortunately, in fact, these regulations lose their meaning and value in the future, as such regulations define decentralized cryptocurrencies, which make them worthless or important to traders or investors, and the countries by the nature of their decentralized system must control everything and impose such conditions, but I do not think that such laws will be implemented in a small space

[Goyaa 2414]

Cryptocurrencies can lose meaning if every exchange asks for KYC and there is no privacy there, imposition of too high taxes on crypto holders hinders the development of cryptocurrencies in a country. Too many regulations regarding cryptocurrency will make crypto lose its meaning and privacy for every individual.

[Brandonsaw 1973]

Cryptocurrencies will always be private and decentralized, what you say is that companies are putting regularizations to identify people like KYC and those things are set by companies but cryptocurrencies will always be private and decentralized.

[percare 3192]

On 11/11/2019 at 9:23 AM, teminalibug said:

• 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

Argentina and other countries can ask for taxes from profits, it is not illegal and a small percentage is always acceptable for redistribution of wealth. It doesn't make any good for any economy to have the richest always getting richer without giving back something to benefit the communities that in a way provided shelter and helped provide the requirements to get rich.

Localbitcoins was demanded to ask for KYC by the EU so they should have relocated elsewhere in my opinion. They will be used even less for this reason. We have other p2p exchanges that don't ask for KYC.

Nobody said that private companies can't create their own coin or that anybody shouldn't do that. If you ask about Libra then why you don't wonder about XRP first of all. There are many cryptocurrencies that are centralized and not private.

[setifien 1016]

This is the main problem, cryptocurrencies are supposed to be anonymous (and to keep their holders & users anonymous) but legal authorities can not recognize crypto untill they limit this anonymity in order to keep possible tracking crypto users to ensure they are not involved in illegal activities

[Khan 1414]

On 11/11/2019 at 1:59 PM, kurt777 said:

Cryptocurrency created to deprive people of anonymity! Although initially attracted by the anonymity. There's nothing you can do about it!

Being anonymous is everyone right and Crypto fulfill that need. But the issue is that in the crypto world the currency is being abused and used for illegal purpose.

[khan22 3478]

On 11/11/2019 at 1:59 PM, kurt777 said:

Cryptocurrency created to deprive people of anonymity! Although initially attracted by the anonymity. There's nothing you can do about it!

Crypto is the best market and the all transaction are anonymous and we know that in the crypto market so many peoples will just the money send this becasue the bank fee is very high and in the crypto market the fee is very low.

[cryptovlek 2597]

It doesn't matter for Bitcoin at all. Some cryptocurrencies are already centralized and no different to Libra or a digital fiat system and can block funds and stop transcations. Bitcoin will not lose its meaning because of these events above.