Politics And Cryptocurrency – Will They Ever See Eye To Eye?

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Slow Acceptance and Adoption of Crypto by Politicians and Governments

Many individuals, businesses and industries are quick to adopt cryptocurrencies. Politicians and governments on the other hand appear to be taking the adoption of cryptocurrency slowly. Moreover, when Facebook has publicized its new crypto project, legislators and regulators were quick to respond with apprehensions and criticisms. Additionally, they called for its strict regulation, which would definitely impact the cryptocurrency industry.

Regardless, politics and cryptocurrency must look for some commonalities as cryptocurrencies is to remain. Regulators are more and more expected to integrate crypto assets into the worldwide economy. Furthermore, as the masses become more interested, knowledgeable and involved with digital currencies, central authorities must recognize it as part of human society.

With increasingly more G20 countries prepared to back the global regulation for digital currencies, politics and cryptocurrency might grow to be more tightly and strongly intertwined. Still, a large number of government officials correlate digital currencies with high risks, especially with the announcement of the Libra project.

Who Supports Blockchain and Cryptocurrencies?

Although majority of nations lack a strong and well-defined legislation and regulation for cryptocurrencies, a number of legislators are in favor of crypto and digital assets. For instance, 2020 US presidential candidate under the Democratic party Andrew Yang is enthusiastic about Bitcoin, and actually accepts donations in the form of Bitcoin as well as Ethereum to finance his campaign.

Japan, Sweden, the UK, as well as Switzerland have likewise voiced their support of the adoption of the blockchain technology and cryptocurrencies. Vladimir Putin as well has pointed out cryptocurrency in his addresses, appealing to policymakers to cease in decelerating the development and advancement of new technologies. Yet, these alone couldn’t unite politics and cryptocurrency.

But, when politics and digital currencies come together, it will bring about either adoption and regulation or prohibition. Political figures could advocate the adoption of cryptocurrency; however it is essential they have a clear and working understanding of the concept of decentralization as well as the benefits of crypto and digital assets.

Cryptocurrency has an impact on the traditional system of finance, which is largely controlled and regulated by politics. Therefore, it’s but normal and expected that politicians and governments repudiate the benefits of crypto and blockchain, since they don’t wouldn’t like to lose that control over their economies. It is then necessary to regulate the usage of these digital currencies and assets for the benefit of everyone.

Government’s Help to Buy Scheme Is A Big Market Risk

Audit office of the government gives fair warning regarding the decline in equity values that will knock out loan records.

Boosting the home ownership through the help of the government scheme has lead the authority to relevant market risk. In addition, this scheme had been utilized by some buyers as a risk which may lead to negative equity. Based on the data of the National Audit Office, with an estimated figure of around 70 percent of individual who used this scheme can buy properties without the assistance of the Help to Buy program of the government. Moreover, around 20 percent securing that from the government were not first timers. This create impact of economy to corporate credit.

What is Help to Buy Program?

Help to Buy” is a program of the government introduced in 2013 in UK by the coalition party of David Cameron. The main goal of this program is primarily to help more individuals to land on the equity ladder. However, political critics insist that this so-called program of the government has diffused the prices of the equity and at the same time the revenue of the house builders. On the other hand, the shortage problem regarding affordable homes experienced failure in fixing it.

The “Help to Buy” program permits home buyers to render a deposit of as low as 5% on a newly build home. Subsequently, the buyer will have to receive an equity loan provided by the government to wrap the 40% of the equity value or the 20%. Traditional mortgage will cover up the balance from the equity loan which will be computed by the equity release mortgage calculator.

Help to Buy’s Total Investment

Since April 2013 until December of 2018, the “Help to Buy” program already catered 211,000 loans through the help of the Ministry of Housing and the Communities and Local Government. As estimated end date of the program, the “Help to Buy” scheme will end by 2023 in which the loan is also expected to peak. This program just opened the government to relevant market risk in case the equity values decrease. Moreover, this ties up an important financial capacity for the public.

Further, the government is expecting to regain its total investment rendered to this program by the year 2032. However, a reduction in the equity market could strike the value of its loan book. In addition, the auditor also gave warning that other buyers who used the scheme are also wanting to sell their properties. Afterwards, they also find their selves having equity of negative value.

Social Media when Used Irresponsibly

Getting through political debate is like playing a retro computer game called “minesweeper”. Everyone just has their own point of views, how this and that should be than and so forth. In fact, just a quick browse on your social media feeds and you will be welcomed with a number of strong political views. But that is not necessarily the nature of political debate. This is done especially during election as a way to see what type of personality a politician has who is running for office.

Based on research, people who do not care what others would think have higher probabilities of engaging in politics on various social media sites. This may have an effect on what they’re saying online and contributing to vitriolic tone that’s putting a lot of people to engage in political conversations online. Additionally, it can be decisive to choose political content that people would encounter on their newsfeed.

Might want to Slow Down eh?

Social media became popular back in the start of new millennium. Many thought that it’s going to open diversity in taking part of political debate as anyone may post something and anyone can see their messages and share it to millions worldwide.

But for many, politics is more of a sensitive case and they do care about the audience. On social media, you have invisible audience. Unless they start reacting to something by means of sharing, liking or commenting on it. Even if you’re interested in politics, chances are, if you’re sensitive to being rejected socially, then better shy away from sharing, commenting or posting on political issues. Well, unless of course, you are certain that they’re uncontroversial in nature.

Not Everything has to be Shared Online

Basically, posting political issues is like applying loans from lenders such as https://www.californiatitleloans.org/. No one really cares about your financial state unless you make it public. You will be surprised how many people who have their own opinion about something. If you are not ready from some of the negative feedback you’d get, then better keep it yourself.

There’s a Science Behind

Rejection sensitivity is actually a measurement used in social psychology. This is designed to know the social risk propensity. Meaning to say, it is looking at how afraid a person is from being rejected by someone for something that you’ve done or said by asking how you’d react to hypothetical situations. By getting answers to such questions, experts were able to calculate the rejection sensitivity index for a person. Low value means there’s low sensitivity to rejection and then, vice versa.