Quote from: nur rochid on November 01, 2018, 07:28:43 AM

Quote from: charlotte04 on October 29, 2018, 02:14:12 PM

Quote from: aoihs00 on October 23, 2018, 10:24:20 AM

Its been a while since crypto currencies are now existed but all we know that there has been completely misuse or what can we say, misleading approach towards the crypto.

Chronologically,

1) Bitcoin started at the first and made its way from testing phase to reality with the help of blockchain. The coded coin got little attention at the first.
2) Bitcoin wasn't even recognised in the news properly. It was just fun for the tech lovers and new technology enthusiast.
3) People who were engaged in it ( believe tiny fraction of population whose engaged today) has some interest because they believed in it.

One of the stories that I found from the 2009 article stated that,

Quote

Analysis of energy usage indicates that the market value of Bitcoins is already above the value of the energy needed to generate them, indicating healthy demand. The community is hopeful the currency will remain outside the reach of any government."

where people used to think its profitable currency to mine. And that was but obvious back then. Energy was not much needed as all you had to do was to engage your desktop with the network.

4) However, this went well only for the next two to three years until the 2012 by the time more people got engaged and thought about it as more or less trading asset, store value, something that can give money for the HODL process and much.

5) Seeds of such thoughts got sown by many and thus it was the very first time when crypto took completely alternate future for themselves.

6) With ETH platform up rise and generation of smart contract tech more and more coins started to exist and thus it became very usual thing to invest in them and drive all of the national money into blockchain.

7) This is the first time when Government, Financial Institutes, Stock-Forex Exchanges and Central Banks got trapped into circles of blockchain and crypto created such ways.

Cool

None of them even interfered with the blockchain until they started to burn their own businesses due to crypto investments which was made by the people. The public ledger was now subject of interest for such institutes around the globe.

9) Not so far until 2016-2017 huge scams started to happen around the crypto sphere and thus most of them started to see worst side of the crypto use. Money laundering, drugs supply, black market emerged with great power and thus shook the real world market.

10) Now this is something which created devil thoughts in Governments Agenda where they are responsible for banning or abolishing the crypto.

11) Crypto currencies are now no longer entertained with the same energy as they used to be back ago.

Thus, it led bitcoin and others to kill the market and drive economics to worst situation rather than taking to positive one.

Conclusion :

- There needs an anticorruption out throw so that crypto currencies can only be used for the products and services that are legal one. This will help circulate the real world money within the nation under taxed portals and thus will keep healthy circulation all the time.
- It wont digest the taxes, it wont stop the national development.
- Government will help crypto currencies to go public for the sake of using new technology and more open sourced information.
- To recover the money entered into the crypto sphere, there needs a system which can bridge the gap between crypto and real world banking itself which is approved by the government themselves.

Many people rushed to go inside the crypto space because they see a lot of gains from it and they been hype to enter here, so that it basically to drive a positive economics to people.

right, especially the bitcoiner's economy personally. but if in a country there are a lot of bitcoiner in it, then indirectly the country's economy will also be better. especially if later the price of cryptocurrency soars

The op is in some ways right but I dont see anything wrong about the price or how low Bitcoin has gotten to this time around. People are complaining about what is happening now and forgetting that there has been times which were tougher than this. We experienced a situation same as this in around 2014 2017. Those times were really difficult, but everyone has forgotten so quickly.