Post
Topic
Board Economics
Re: Do you think economical condition can be develop by the help of bitcoin?
by
Hell-raiser
on 06/05/2018, 07:29:30 UTC
Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit. 
In future proper security and more effectiveness of virtual currency  can contribute economical development.

From my perspective, involvement of government agencies with their rules and regulations will do more harm than good. There should be some regulations, without doubt, but those should be measured and weighted, something which is unlikely to come from government regulators, which are overall more inclined toward punitive and prohibitive measures and actions. And this is only one side to the story, but there is another, a more technical one. How are they going to regulate Bitcoin as well as other cryptocurrencies if it is built to bypass these regulations? As I see it, the only way to effectively and efficiently regulate Bitcoin is to ban it completely (or just let it be).

Bitcoin is already secure enough on its own, but no amount of regulation can secure the brains of its users. If you allow free sale of firearms, you should expect that someone will inadvertently shoot themselves in the foot at the end of the day.