Re: Is it really bad that Goverments are trying to control Crypto-market?
----My thought is most countries don't really know how to control the transcation or keeping track of cryptomarket, so for time being they want to control it by banning it till they develope a plan.
----If a country can not track the money of their people than how can they take responsibility of its people safety?
----If someone pays money for illegal activity from banks, that can be tracked, but tracking crypto is impossible for them right now.
----If a country can not track the money of their people than how can they take responsibility of its people safety?
----If someone pays money for illegal activity from banks, that can be tracked, but tracking crypto is impossible for them right now.
You really have the wrong idea that using bitcoins is anonymous and nobody has a clue what you're doing.There are hundred of examples in the past that show us you're not even close to be as safe as you think and many are serving time right now for thinking like that.
Coins can be tracked.
Bitcoin was designed in such a way that transactions would be totally anonymous and no one would be able to track it or who is the payer or who is the receiver, this is where governments are not able to keep a track of the transactions and they are just trying to ban bitcoins I note only the countries who like to keep a track of the transactions of their citizens are the ones trying to ban bitcoins.
Nope bitcoin was never designed to be totally anonymous, more like semi anonymous.
Furthermore all your transactions are stored pout in the open, so the government has an easy task on tracking them the only problem is with linking the person to an address, but KYC and exchnges are making thinks easier in this case.
You think Japan is not keeping a track of transactions in fiat
Really? Also, don't forget, when you buy something it's not just you buying, it's a guy selling stuff , there is stuff sent to your house.
It makes no sense buying a pizza with monero and choosing home delivery
.Or trying to buy a car anonymously and then going to the DMV for plates.