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Re: Discussions about digital currencies in some countries. What future for bitcoin?
by
n2004al
on 13/10/2015, 17:10:36 UTC
Quote from: Mickeyb on October 13, 2015, 04:11:13 PM
Quote from: n2004al on October 13, 2015, 12:16:39 PM
Quote from: Mickeyb on October 13, 2015, 11:54:29 AM
Quote from: DooMAD on October 12, 2015, 11:29:59 PM
Quote from: n2004al on October 11, 2015, 01:10:57 PM
Are there coins (if created) a risk for bitcoin? Can compete bitcoin with these coins which will be supported by the most important Authorities of every country?

They'll be about as much of a threat as Mintchip was.  We already use digital currencies supported by the authorities of every country, it's called having a bank account.  Whatever they end up creating will have literally no perceivable benefit to anyone beyond what we've already got today.  No system with an unlimited monetary supply, central points of failure, and inherent shortcomings with fungibility and censorship (which is exactly what they'll come up with) will look like it's worth anything compared to Bitcoin.  All they can do is create a pale and crippled imitation.  There's no contest.

I completely agree with you. Let me add that banksters and governments are a bunch of greedy idiots. They will not stop. They will realize that their digital tokens give them much more possibility of control than paper money as we know it at the moment. When they realize this, they will go all in and they will make people complete slaves. If ever, people will realize at this moment that their governments are there only to rip the skin off of their backs.

MikeyB thank for your comments.

Before asking something to you I want to tell that I don't see the world such "black" as you.  Smiley Even I live in a country which is not to much developed. Our level of corruption here is very high and our politicians (according to me and with few exclusions) are probably the most irresponsible and corrupted people in the world. But I think again that there is good that our money are regulated by our Central Bank and the control of money exist, is managed and controlled by the Central Bank and with other Governmental Agencies. Otherwise all the "black" money will destroy everything here.

Anyhow, I wanted to know from you the answer of the main aim of this thread. What it would be the future of bitcoin if the countries of the main post (and other ones which might follow those in the future) will adopt as a national currency a digital based coin currency and will ban bitcoin to protect their new digital based coin money?

You need to ask Cyprus people is it good when you government takes care of your money. More than half of their money gone. Also you might ask Greek people (the hard working Greek people that have worked over 40 years and woke up one day with half of their savings gone or heavily controlled by their government and unavailable to access to them).

Now your second question. I don't think these governments will ever ban Bitcoin even if they develop their own centralized tokens. Why? This is not how it's done in the real world. If you ban Bitcoin, then Bitcoin will become forbidden fruit and people will want it even more in my opinion. This will just give a sign to the world that we are doing the right thing. What they will do in my opinion is that they will try and beat us with their centralized solutions. And they will have an advantage in my opinion until their whole debt system doesn't fall apart, which is inevitable!

I don't want to deviate the aim of this thread so I will be very short about this theme. But I cannot stay without writing something about it because it is an clear case of corruption and cheating that merit some words.

I don't know the Cyprus case but I know very well the Greek case. You are in big wrong about the crisis in Greece. The money of the Greeks are all money have from Europe and not money of the Greeks. They have live for the years you mention not with their hard work but with the credits taken from the Europe. They cheat (giving false financial data) to enter in Eurozone only to have the possibility to have credits without limits and without conditions. And so it was. They entered in Eurozone and had money without end as credits. Their level of life was increased with those money. No one person in Europe (maybe even in the world) have the retirement at 57 years like the Greeks. No one have 14 or 15 monthly salaries in one year. No one church in Europe have such privileges and money that have the orthodox church from the Greek state. I can continue with to many privileges that the Greeks benefited with the money of the others. The only resource of Greece is tourism and with tourism no one can have such life. And at the end this is a long story. It is not the first time that Greeks are in such situation. During their story are other stories like this. Read here for more:

http://finance.yahoo.com/news/a-brief-history-of-financial-crises-in-greece-214114194.html

And the shameful problem they have is that they don't want to give back the money to the owners. For this has voted more than 60% of those. This is the maximum. Then accepted (after the referendum) a plan much more severe than the previous one for which has voted to not pay. Why? Because were in wrong and no one forgive its money. Europe want its money given to them.

I can find other sources more detailed about the Greeks crisis and their habits but as I told in the beginning this thread has another aim. So I will not answer more about this problem here. You can learn more if you have the patience to do a search in my posts. Or create another thread yourself about this topic.