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RE: India Ban on Crypto Currencies at Budget 2018, Is it for Real? My Views with Facts
These governments don't know what they are doing. First they put ban then they give very diplomatic statements. Whales are just trying to play with the emotions of the the small investors.
@suf1an It is actually very hard to decide for governments, this is a revolution we are going through.
Blockchain technology is way too powerful, anything with the power of changing the world infrastructure can do both good and bad...
This is a major concern, I believe right now.
Change has always been scary. From the moment man discovered fire to the steam engine and now Cryptocurrencies. Every few decades, it seems, technology makes an enormous leap forward very quickly and society is often very slow in accepting it.
@silentscreamer you are absolutely right
@bunnychum, you are right. But the thing is they don't want to embrace this channge. They are not willing to accept and lead it. I have just one question, we got internet only like 25 years ago and look the way it has changed this world. Our work environment, our communication, our way of business and so much. If all that could be changed then why not change the 400 years old system of money?
@suf1an completely agree with you mate, when it comes to democracy, Blockchain is actually based upon true democracy, where instead of central control, it gives the power back to people. And there are people who do not support this or are afraid of the change.
In any way, Everyone who understands the fundamental of this technology will agree with the statement that it cannot be stopped. All that is going on right now is just to delay the revolution knocking on our doors.
Yes, you are right. Another thing is, the underlying blockchain technology is fab and cryptocurrency is just one use case of that. Once we have more applications of the blockchain, everyone will start accepting it.
~sorry for the late reply.
Totally agree, but they know very well what they do.