Elon Musk / Tesla making financial moves in Bitcoin before The Great Awakening
(media.greatawakening.win)
BREAKING NEWS
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except this is decentralized and peer to peer essentially. To control bitcoin you would have to control computers all over the world. My philosophy is make money off it, buy gold, make money off of it then buy gold.
Its an econmy like anything Rich will use their collective weight to steer it and other currencies. This ome easier to control.
Also tied to electricityso that goes good luck
Already have done, Goldman Sachs and co are all over the development and whoever has 51% of the hashrate obfuscated can do whatever they want.
Only on certain coins. Thousands out there now.
Correct, but this topic is about the saviour musk pumping BTC.
You take a majority of the hash rate, what's that got to do with computers all over the world? One or two NSA super center type server farms and they outright own btc. If the network says your wallet is now empty, it's empty.
To steal bitcoin you would have to have all of the computers agree with the ledger that is hacking. You can create as much bitcoin as you want by controlling hundreds of thousands of computers and dominating the hashrate but to get all the computers to agree with the ledger that is not true or fraudulent, it has yet to be done. Unless you lose your passcode.
I get it's exciting having 0.001 btc on your own computer for the first time but you need to understand you know everything about btc by reading blog posts about it.
I don't even invest in bTC. I buy other coins.
Okay, so a bad actor steals coins. It will only happen once, EVER.
That actor won't be able to spend them anywhere because no one will give money for their coins due to mistrust.
No, the point is that a series of colluding NGOs, research centres, universities, chinese ASIC farms and Pakistan etc could bring online enough hashrate to form a majority consensus on 10% inflation per month, that Tor nodes no longer work for broadcast, that only approved partners can handle transactions above 1kUSD.
It's not the theft of the btc that is the point, the point is you can effect any arbitrary changes to a system that too many people believe is "immutable because God said it is immutable", it's not. What exactly is your plan when the majority hashrate decides you can only sign and send transactions on presentation of your covid implant? Now what?
Do what everyone else does and abandon that blockchain.
What if you own 40% of the bitcoin in circulation??? Chyna been mining since 2010 at least. GL!!
If you control 40% you can dump it and lower the value. how does that help china? Their money is worthless. A high bitcoin helps them.
You got it. They have the power to manipulate the market. Just like the FED does with the US dollar. Of course they want $$, but “control” is the true prize. Who created bitcoin and why? If you can answer those questions then decide if you want to invest in it.
as tempting as it was at 5000, 43000 is too much risk. Prefer to play with the sub 1$ coins and amass larger quantities in the off chance they take off. It's really just a hobby like going to a casino once a year.
Yeah, except that currently to out money in and get it into you generally have to show your ID and create an account with a trading company. Aka...not decentralized at all
You can remove everything from those sites. So buy on Kraken or coinbase. Kraken better. Then remove to your cold storage. They no longer have access, control or chain of custody of those assets.