Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: princessgirl on November 27, 2018, 01:59:33 AM
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One of the main reasons why the governments must accept cryptocurrency is that it has the capabilities of raising the status of the economy of a country through the creation of job opportunities and offering financial freedom to the people. With the immutable digital ledger feature of the Blockchain technology, corruption can be curbed because all transactions are recorded and cannot be altered.
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capabilities of raising the status of the economy of a country
Yes it is but what about the possibility to dump the economic status due to unstoppable crash once occur?
Cryptocurrency could help the country to open more opportunities of job and to increase economic trend if they are well prepared to deal the volatile thing.
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Cryptocurrency is digital money that is packaged in such a way as investment, trade and also some Bounty campaigns in it. I think this will be good for the country and help the country's economy by reducing unemployment. So that this will provide progress and reduce existing unemployment.
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I support this statement that the government must consider the needs of the crypto community because there are many benefits that the country will get if it applies crypto in the economic activities of a country, only FUD is negative without a clear basis that continues to corner crypto and it does not need to be responded
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One of the main reasons why the governments must accept cryptocurrency is that it has the capabilities of raising the status of the economy of a country through the creation of job opportunities and offering financial freedom to the people. With the immutable digital ledger feature of the Blockchain technology, corruption can be curbed because all transactions are recorded and cannot be altered.
In my country the Blockchain is prospered much and crypto-currency uses and trading is roughly increasing to montly volume $40 Million dollars and the ICO's and other crowdfunding activies was regulated by Central Bank and SEC to protect the people and due to increasing demand for blockchain base products such as gaming,fintech dapps, etc. and even my government is proposing its procurement facility in Blockchain.
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The government must accept and legalize Cryptocurrency to be more advanced and the economy of its people can be lifted. This is because Cryptocurrency provides many and unlimited job opportunities, so there will be no more unemployment in the country and will benefit and advance the country well in terms of Economy and business.
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One of the main reasons why the governments must accept cryptocurrency is that it has the capabilities of raising the status of the economy of a country through the creation of job opportunities and offering financial freedom to the people.
I understand the financial freedom part but how about the job opportunities?
Can you expound more on that?
Can you enumerate what job opportunities?
With the immutable digital ledger feature of the Blockchain technology, corruption can be curbed because all transactions are recorded and cannot be altered.
Agreed. It's all about transparency. If everyone can see what you are doing, then you might as well do everything right.
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Because Cryptocurrency benefits many parties including the government and society. Crypto, the community can have additional income and also reduce unemployment in the country. Therefore, it is time for the government to make a decision to legalize Cryptocurrency which will improve the country's economy.
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Cryptocurrency will give us a big profits if we can use it well. it will help our economy, but if we can't use it well then we will only get the big losses. there are some countries that still ban cryptocurrency because one of the reasons is that.
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There are several reasons for this and also the market scenario has chop-chop modified from bull up-to-date one.other reason is most of loaning coins are the scam one as a result of they need not brought true worth to their investors. many of us are merchandising their coins for reasonable value for purpose of constructing cash.
I don't see this state of affairs as deep losses, it's additional sort of a correction and regulation to create things alot higher and additional convenient.
Don't underestimate this DIP
Don't over estimate this DIP either; instead take positives and take full advantage.
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The governments themselves use the blockchain and other cryptocurrency technologies for various fields and the progress is obvious, but they just dont want to begin to legalize cryptocurrency. The time will come when everything will change, because without cryptocurrency technologies for many countries will already be very difficult.
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I think it will eventually happen, but will cryptocurrencies be the same when they'll go under the control of government? Personaly I think it will made them similar to fiat money and they'll loose their independence. New ideas of using blockchain technology aby government appears all the time ( for example, I read last time on spam blocked b (https://www.spam blocked b/bitcoin-for-taxes-in-ohio/) about Ohio planning to use it for collecting taxex) so it's only matter of time when they'll decide to use it. And some countries, like Venezuela, use them already.
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I think that is probable that governments will accept blockchain but not crypto in next future because of decentralization problem.
Decentralization means that they won't have anymore control over a coin and this is very dangereous for a political economy.
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If the government wants to adopt a cryptocurrency for all matters involving the financial system. I think they will use blockchain technology. The government is interested in the technology, but they are still hesitant to use crypto for several reasons such as work budgets and tax systems. If the government uses crypto. I am sure the financial system will be safe from price manipulation
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One of the main reasons why the governments must accept cryptocurrency is that it has the capabilities of raising the status of the economy of a country through the creation of job opportunities and offering financial freedom to the people. With the immutable digital ledger feature of the Blockchain technology, corruption can be curbed because all transactions are recorded and cannot be altered.
The reason why the government accept crypto currency, Because Crypto Currency is the future technology. It will be needed at the coming future.
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I agree with this the governments accept cryptocurrency because of some many purpose can helped for the good of the country which is in terms of infrastructure likely and the income of paying in crypto is like a bloody taxes despites of the good formality.
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Blockchain technology can bring really many profits in the future.
But I hardly believe that all the countries will accept it.
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This is a very good technology and I agree the government must accept Cryptocurrency for payment media. Everyone now wants to earn money from Cryptocurrency. Because there are already many people who have economies getting better and even they become rich people.
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The reason why government should accept cryptocurremcy is because it create Job opportunity for youth and even some adults. Apart from that the country we have a lot of benefit and there will change in our economy.
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If not for anything, then the government should accept Cryptocurrency just for its technology of decentralized nature, but I still support regulations anyway, this just my opinion.
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I think they will use blockchain technology. The government is interested in this technology, but they are still hesitant to use crypto for several reasons such as work budgets and tax systems. If the government uses crypto. I am sure the financial system will be safe from price manipulation.
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One of the main reasons why the governments must accept cryptocurrency is that it has the capabilities of raising the status of the economy of a country through the creation of job opportunities and offering financial freedom to the people. With the immutable digital ledger feature of the Blockchain technology, corruption can be curbed because all transactions are recorded and cannot be altered.
Governments adopting crypto brings more advantage to the country and the whole world. Adopting crypto does not means the government have to banish fiat. People around the world will have more freedom to choose to have their assets in crypto or as fiat.
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Government services are one of the most sought after areas for the use of the blockchain, so smart governments are already working on initiatives in this area
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The reason that government must accept cryptocurrency is huge opportunity.
Opportunities matters to government to help the improvement of everyone's living.
Lifestyle matters to them by accepting crypto they open the door to new trends in the societies.
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what you say is true, I agree if the government approves the existence of cryptocurrency in the real world. I feel crypto has many benefits for the community, especially for those who do not have permanent jobs.
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besides, another reason is cryptocurrency can be used as another option to invest. supported by blockchain technology, crypto looks very helpful.
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The government should be able to legalize Crypto. Because the world of Crypto is a digital world where we can also make money for the daily needs of this Cryptocurrency. From this crypto the economy of the community will be lifted and unemployment will decrease. This is why the government must legalize Crypto.
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Cryptocurrency will provide the benefits if we also can use it well, so that our economy will also be helped. but if we can't use it well then it will make us get the loss. we know that there are some countries that cannot receive the crypto because not everyone can use crypto properly.