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[aryan4]

The intelligence community, whose short name is IC, formed by various intelligence agencies of the USA, made a statement about BTC. In the report, which is reported to be published every 4 years, warnings are made about BTC: ----- Dollar and euro are under the threat of digital currencies, especially Bitcoin. Coins that can be used and extracted personally will reduce countries' control over exchange rates and money supply. Implementing monetary policies will become complicated. -----
What do you think about this warning?

 

[Niftyicon]

The truth is that many countries who are very skeptical about embracing bitcoin and Cryptocurrencies in general have the exact same fear which is a little justified.

 

[Josemendez]

I believe that cryptocurrency to an extent has been able to affect the way things is , dollar and Euro in coming years can't stand against Bitcoin

 

[Ptrikha90]

The intelligence community, whose short name is IC, formed by various intelligence agencies of the USA, made a statement about BTC. In the report, which is reported to be published every 4 years, warnings are made about BTC: ----- Dollar and euro are under the threat of digital currencies,.....is warning?

This was bound to happen. The current National and International monetary systems have not been able to solve many problems. Many people live on subsistence budgets, and are underfed and in distress. So a system which can alleviate stress, provide money to poor and bring more financial inclusion, although with some probabilities of misuse(terror financing etc) will be favored over the existing ones.

 

[Ptrikha90]

The truth is that many countries who are very skeptical about embracing bitcoin and Cryptocurrencies in general have the exact same fear which is a little justified.

The fears are justified. I am in favor of daily or weekly trading limits as well as some kind of upper and lower circuits for Crypto currencies values- like for traded shares and Mutual funds.
That would mean including Crypto into mainstream.
Governments can tax but well why to ban or be too restrictive on Crypto.

 

[Niftyicon]

The fears are justified. I am in favor of daily or weekly trading limits as well as some kind of upper and lower circuits for Crypto currencies values- like for traded shares and Mutual funds.
That would mean including Crypto into mainstream.
Governments can tax but well why to ban or be too restrictive on Crypto.

I also think that instead of putting restrictions on trading and investing in cryptocurrencies, the governments should find ways of making it taxable and regulated.

 

[aryan4]

I believe that cryptocurrency to an extent has been able to affect the way things is , dollar and Euro in coming years can't stand against Bitcoin

We say so, it cannot stand against. Can the central banks of all countries, and especially the US central bank, intervene in this situation in some way? I think they will try all kinds of options to prevent the dollar from dying.

 

[Josemendez]

We say so, it cannot stand against. Can the central banks of all countries, and especially the US central bank, intervene in this situation in some way? I think they will try all kinds of options to prevent the dollar from dying.

Actually I don't mean total death ,nor am I saying that they will allow dollar to die. Is just that cryptocurrency usage will be a boost to their value

 

[microunit]

If majority of the people will be using cryptocurrency then the countries identity or local currencies could really loss its value, probably also one of the reasons why governments are not adapting cryptocurrencies

 

[mhmgs19]

Crypto currencies may lead the world after the collapse of global economy. Paperless currency is the future. Coronavirus & Chinese invasion are the reasons of collapse. A Global reset is pre-planned by world economic forum.

 

[Josemendez]

If majority of the people will be using cryptocurrency then the countries identity or local currencies could really loss its value, probably also one of the reasons why governments are not adapting cryptocurrencies

Yeah because their will be large preference towards saving money in cryptocurrency rather than Fiat currency ,and this won't be too good for the economy.

 

[microunit]

It is just like a foreign currency is invading your country and taking over the job of your local currency, And it could really screw up the economy as cryptos are really volatile unlike your local currencies

 

[CrazySher]

The intelligence community, whose short name is IC, formed by various intelligence agencies of the USA, made a statement about BTC. In the report, which is reported to be published every 4 years, warnings are made about BTC: ----- Dollar and euro are under the threat of digital currencies, especially Bitcoin. Coins that can be used and extracted personally will reduce countries' control over exchange rates and money supply. Implementing monetary policies will become complicated. -----
What do you think about this warning?

Absolutely as bitcoin's price is not stable and increases sn decreases regularly, it impacts the physical currency exchanges neither only dollar and euro but all types of currencies.

 

[ELSA-ELI]

So sad to learn of that but in the main thread the reason was not stated as to why the dollar and euro will be under threat hence premptying the line of thought.

I think one of the best feature of cry too to currency is to break boundaries and offer the most efficient and cost effective mode of transacting huge sums of value in less than 24hrs through the blockchain technologies which can be used in its form or can still but exchanged to fiat cash which make fiat cash slavish in such type of technology. Worse still it offers these services to any individual.

 

[Josemendez]

think one of the best feature of cry too to currency is to break boundaries and offer the most efficient and cost effective mode of transacting huge sums of value in less than 24hrs through the blockchain

Exactly , if it happen to be fist currency , there will surely be some delay and vetting by the institutions that the transaction will pass through

 

[ELSA-ELI]

Exactly , if it happen to be fist currency , there will surely be some delay and vetting by the institutions that the transaction will pass through

Which leaves much to be desired because one would wonder why such a resistance and yet we all know that whether fiat or cryptocurrency the ultimost benefactor are the rich.Could itbe that there is a cold war amongst themselves that seems to derail the agenda of fully rolling out and acknowledging crypto currency world over as legal tender?We all know that with the current technological advancements you cannot restrict an online purchase.

 

[SCAMEXPOSER]

In a very short time the US dollars and euro will not have such a huge value it has in the exchange rate market because dependency on foreign exchange is going to be low as people will not do a lot of transaction using cryptocurrencies.

 

[Josemendez]

Which leaves much to be desired because one would wonder why such a resistance and yet we all know that whether fiat or cryptocurrency the ultimost benefactor are the rich.Could itbe that there is a cold war amongst themselves that seems to derail the agenda of fully rolling out and acknowledging crypto currency world over as legal tender?We all know that with the current technological advancements you cannot restrict an online purchase.

Well , I think it is more of pride and ignorance . Some countries don't want to accept the role cryptocurrency and blockchain can play in their economy

 

[ELSA-ELI]

Well , I think it is more of pride and ignorance . Some countries don't want to accept the role cryptocurrency and blockchain can play in their economy

We can only hope a quick harmonization as we know that most countries have liberalised economies that cannot restrict anyone from using cryptocurrency.let the sensitization be enhanced

 

[Josemendez]

We can only hope a quick harmonization as we know that most countries have liberalised economies that cannot restrict anyone from using cryptocurrency.let the sensitization be enhanced

Those country are better . There are countries with challenging economy ,yet lukewarm towards cryptocurrency adoption in the country