Post
Topic
Board Economics
Re: do you think bitcoin is controversial ?
by
Charisse1229
on 26/12/2017, 11:25:01 UTC
as we know so many reason to make controversial bit coin currency in practical or real media sanitation. if  we observe very carefully  few past few years we have seen that  criminal activities  or occurrence  are occurred by the help of hackers and trader make it famous moving thousand of dollars outside by cheating  with government law enforcement for that reason value of bitcoin increasing very high. even they make money away from center bank and government unable to hold money from general people and through this process people convert this money into different things. i think this is enough for making controversial and what do you think about my think ?
Anything that empower the individual is always controversial, just look at cryptography many countries hate that fact that the average people has now access to military grade encryption, since now a person that does not want to reveal his information can encrypt it and if does a good job then there is not a way to access that information and bitcoin is similar, bitcoin empowers people around the world and the more power people have the less power governments have over them.

Yes this is why bitcoin and all the anonymous coins are going to be controversial in the future. The people want to remain hidden from governments because everyday that passes we reveal more sensitive information about

ourselves to the world. You would think when Facebook came around people would have shunned that idea right down but the exact opposite happened. Now to recuperate what privacy we gave up crypto is a seemingless

transition to make and use.
It is going to be controversial but since bitcoin has many other features that are great people are going to use it, this is why bitcoin regulation from the governments is going to have a lot more to do with people identified themselves than with any kind of technical issue, and as you said since most people are already fine with revealing everything about themselves in platforms like Facebook then they will have no problem revealing their addresses to the government.

In my country, some people dindt know about bitcoin so they dont want to pay attention in bitcoin. But i think, if media will report about bitcoin. I think many people will willing to learn about cryptocurrency. Becuase its value is very high if we convert in our money.