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❓ASK Will governments someday control blockchains?

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Makaliki

Makaliki

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We all know that crypto is the future of currency. With governments accuses on its adoption, fearing that they could be a collapse of the banking industry or arbitrary appropriation of money by the government. Do you think that one day the blockchain network could be controlled by the government or central banks?
 
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I think this is what the government and central banks of different countries have been agitating for. They want total country. So in future if they are given the opportunity it will happen
 
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well, methinks it will be a possibility sooner. They will adopt it, control, may be further in the future.

The governments wants all the control they can get. financial control isn't excluded. no freedom is absolutely free.

There's always a price to be paid. if they can't control, they will tax to high heavens.
 
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As far as I concerned governments of some countries have already tried to control blockchain technologies in order to take a control over cryptocurrency transactions. They appeal the theory that cryptocurrencies nowadays can be possibly dangerous for the society because lots of illegal stuff is counted with a help of cryptos, but not national currencies. That's why they tried to take control over blockchain technologies. I suppose there will be a day when lots of countries will try to do the same, nevertheless it will be actions of weak countries and countries with totalitarian regime in order to defense their economies.
 
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Of course, they are so interested in it, and it's so glaring how two faced the government we have in some countries like mine can be. They banned the use of Crypto currency, accusing it of being a tool for fraudulent activities, yet they are looking for ways to get theirs.
 
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May be it is already controlled by them. Because crypto currency is rising rapidly and digital currency is going on has acceptance worldwide. I think controlling thses currencies with national currency need really good steps.
 
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The blockchain is a decentralized platform and could not be controlled by any government or individual. That's exactly the peculiar feature of blockchain technology.
 
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ahsan510 said:
May be it is already controlled by them. Because crypto currency is rising rapidly and digital currency is going on has acceptance worldwide. I think controlling thses currencies with national currency need really good steps.
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I object to your lines because the blockchain is still intact and the governments are trying to penetrate the system but are hitting the rock.
The worst they can do is to ban in country's but the introduction of P2P is working perfectly.
 
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Makaliki said:
We all know that crypto is the future of currency. With governments accuses on its adoption, fearing that they could be a collapse of the banking industry or arbitrary appropriation of money by the government. Do you think that one day the blockchain network could be controlled by the government or central banks?
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I think the world is collapsing and they can't
 
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Blockchain could not be controlled by the government or other institution. Blockchain has unique feature because of its decentralized system. Crypto currency is getting stronger everyday and prices are rising rapidly. So i dont think controlling blockchain will work.
 
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ahsan510 said:
Blockchain could not be controlled by the government or other institution. Blockchain has unique feature because of its decentralized system. Crypto currency is getting stronger everyday and prices are rising rapidly. So i dont think controlling blockchain will work.
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As it not centered and furthermore decentralised, it won't work for them. When there is a disagreement nothing works, some countries are deep into crypto and the others are playing against; at that there is no agreement and can't be centered under any government.
 
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I think this issue of taking over coin market is really at the back of all the government that's why the are wagging war against cryptocurrency now.
 
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Mikesax said:
I think this issue of taking over coin market is really at the back of all the government that's why the are wagging war against cryptocurrency now.
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The war is serious because the Government want to be in control of all. They just hate to see people control their fortune by themselves. But cryptocurrency has come to stay because technology is driving to that angle already.
 
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Mikesax said:
I think this issue of taking over coin market is really at the back of all the government that's why the are wagging war against cryptocurrency now.
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I think so too especially because it has to do with money and the economic. They do not want anything that will be out of their control and maybe make them look incompetent
 
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Mikesax said:
I think this issue of taking over coin market is really at the back of all the government that's why the are wagging war against cryptocurrency now.
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The blockchain technology makes it very hard to tamper with the cryptocurrency market. It is immutable and distributed. So, it can't be manipulated.
 
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Flower said:
The blockchain technology makes it very hard to tamper with the cryptocurrency market. It is immutable and distributed. So, it can't be manipulated.
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Yeah a lot of times the market will have been badly manipulated but it seems most times it fails so it still comes down to investing wisely to avoid high risk.
 
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Brain said:
I think so too especially because it has to do with money and the economic. They do not want anything that will be out of their control and maybe make them look incompetent
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All the governments going against are all incompetent already because if you are doing well and your economy is driving smoothly, your citizens will be comfortable enough to do with fiat. They don't deserve to control one's making.
 
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sammyblaq said:
All the governments going against are all incompetent already because if you are doing well and your economy is driving smoothly, your citizens will be comfortable enough to do with fiat. They don't deserve to control one's making.
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Exactly, they do not deserve at all because I don't get why thdy want to control the masses investment. Let try our hands out and know where to invest better
 
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