Bitcoin is traceable.
Bitcoin has no intrinsic value.
Bitcoin is outdated and does not have the ability to upgrade like some others.
Bitcoin was never meant to be a holder of value.
It was digital fiat to facilitate international trading.
More than likely, it was designed to mask money laundering.
This is the most uneducated thing I’ve ever read.
It is not fiat because you cannot print it. It is inflationary, BUT with the caveat that you need ENERGY to create it (AKA mining), and the inflation rate is set in stone (6.25btc/block [~10 minutes on average], CURRENTLY. This rate gets halved every 4 years, until there’s no more bitcoin left to mine)
It does not” lack the ability to upgrade”, look up Segwit and Taproot. The difference is, there must be consensus from the entire network for the protocol to change.
It has the intrinsic value of at least the energy spent to mine it, plus the fact that it’s the only digital thing we’ve created that is scarce and can’t be copy-pasted, including its protocol. No one controls it.
On it not being private, your guns aren’t private either, but that doesn’t stop you from losing them in a boating accident.
Please, educate yourself on the only weapon we can wield against [THEM].
Were you in at $7? In at $1500? In at $10,000? $40,000? Out at $25,000? What's it at now? You do you my friend. What you're apart of is not the future of anything.
What you don’t seem to get is that I don’t gamble on the price, and don’t ever plan to sell. It’s putting and end to the endless, while having full transparency aka dark to light. Do the game theory and realize that if the government were forced to use this for taxes, they could never steal or launder your money, ever. Realize that usury is the root cause of all of our issues, and simply opt out in a parallel system.
Also, do the game theory and realize that you can do a fully auditable election on the bitcoin blockchain, while no voter has to leave their house. Give each politician an address, and each voter a small amount of bitcoin for them to vote with. There are ways to verify it and make sure it’s not tied to your name, and yet, since you own the wallet, you would be able to audit your vote and anyone else’s who would let you.
I put it in " " for a reason as it's not centralized by definition. But there are a few whales that hold a good amount of the total supply. Don't also forget that China, by far, has the largest mining operations that have been running for years now. I don't fully trust BTC, even though I believe in crypto as a whole.
China banned mining and still couldn’t stop it. It doesn’t matter who has the most. You will not stop people who can put in the work from becoming rich, if that’s China, so be it. But a little known fact — “Satoshi Nakamoto”: "Satoshi" means "clear thinking, quick witted; wise." "Naka" can mean "medium, inside, or relationship." "Moto" can mean "origin" or "foundation." — connect a few dots, you get “Central Intelligence”. Maybe the white hats knew they had to get rid of USURY, which is the root of all issues we fight against, and created Bitcoin.
China banned mining to solely manipulate the market. They've done it multiple times, including banning trading it all together. They were only manipulating the market, and I've watched them do it through a few cycles. It had nothing to do with trying to stop it.
And I've seen the whole name theory many years ago, and even if it was created by the CIA, that doesn't mean it was a white hat operation. It can very well be a black hat operation, nobody knows minus the insiders. It's easy to "connect the dots" as you put it, but that doesn't make it the right answer either.
And indeed, China doesn’t want Bitcoin to succeed in the minds of people, yet wants to control the most of it that it cans. The two go hand in hand, you attack the price in a multitude of ways, such as Binance creating a bailout fund which will generate a leverage spiral of death since you can’t print more to bail people out, and further crash the market. Instead of incentivizing people to hold their own keys and OWN THEIR MONEY, they want “proof of reserves”, meaning; they want you to feel comfortable with them holding your fucking money.
You control the nodes/hash power, you control it all...easy 51% attack, especially if you have the early advantage on day 1. Even today, that's always been BTC's weakness, and it's been close to being exploited in the past.
And they would create it for easy offloading of large sums of money without nobody knowing, were you around to witness Silk Road? I was. Today is different compared to what it was in the beginning, it wouldn't be as easy.
51% attacks are noticeable. You never delete a copy of the blockchain, you keep the entire history. Like a git repo. Once you realize what’s happening, the honest nodes block out the attacker and resume from where they left off. All you need is a consensus from the honest nodes.
You will never stop rich people from wielding the majority of money. All you can do is REMOVE THEIR ABILITY TO PRINT MORE BECAUSE THEY CONTROL THE MOST, which BITCOIN is the only thing that does.
What are you even go on about? I wasn't talking about the rich will always have more, that's a given. Also, BTC is definitely not the only crypto blockchain that has a finite supply that can never change.
which other has a finite supply that can never change? it’s also about the fact that it is the only coin which has an “immaculate conception”. the creator of it limited his own mining power, and went away forever. all other coins are premined by the people who knew about its launch. there is 0 comparison.
Algorand is one for example. I know there are others, but I do not keep up with every single project, but if I did a little digging I could find more for you.
BTC has also forked more than once, and still can. That's just creating more supply with a different name attached to it, even though they are now two different entities. That's not an "immaculate conception" if you really think about it.
And to say Satoshi just went away forever is a theory.
Not a single person to date can show us who Satoshi really is...for all we know, it could be anyone you want to name, like Elon Musk for instance. Just because we know of Satoshi's wallet, doesn't mean that Satoshi has more that nobody knows of. It's very easy to mine more BTC, add it to a new wallet. That same logic can be applied to how much they theoretically mined to date. We have nothing to go off of, minus the very beginning.
And to say all other coins are premined is also false. That's just how PoW chains work.
I can tell you are a BTC maxi. Nothing wrong with it, but don't be blinded by it.
My point is, bro… If you’re scared about China controlling most of the mining, well Satoshi controls most of the coins, and that could be the US government. No other PoW chains grew organically such as Bitcoin, those who “got it” early on, mined and got rich off of it. Those who didn’t, thought they missed the boat and went onto find problems in Bitcoin which don’t really exist, as an excuse to sell you new coins.
Money can be laundered in many ways, crypto is one of them but I would be surprised if white hats were behind it. Anything is possible though.
I think crypto is a major threat to whatever they replace FIAT with so they want it gone so they can bring in their CBDC's.
The US government spent 6 trillion in the last year, BTC market cap was just over a trillion at it's peak. They could have easily have been buying in just to sell and crash it later, they have the means to do so. After all it's not their money they're using so they don't care about the cost, they just want BTC dead and gone.
That's plausible as well. The crypto markets have been taken over by gov't/Wall Street/exchanges. Watch how there's little movement in the entire crypto market until Wall Street opens up. We are now also seeing corruption in the big exchanges, even though we've known a few has been this way for years now.
I do believe blockchain tech will be around for the long haul. But we cannot lose sight that it's plausible some of the main chains we know of were created/founded by the DS. We need to question everything, including the things we believe to be good.
I remember, maybe 6-7 years ago, when there was a good dig on the chans trying to show BTC was created by the CIA. Who knows if that's true or not. The point i'm trying to make is that we just don't know. We won't know until the dust is settled.
That doesn't mean i'm selling my bags either though. I will sit and watch, knowing it's a high risk/high reward play.
Bitcoin is banned in China, yet they own the largest exchange, Binance, which is currently setting up a “bailout fund” for something that cannot be printed aka bitcoin. Do not confuse “crypto” with bitcoin. They are not the same. Binance and the whole “crypto” market is an attack on the only thing you CAN attack in bitcoin, which is its PRICE, or the faith in the system. Because you ain’t breaking the laws of math and thermodynamics.
Bitcoin is traceable. Bitcoin has no intrinsic value. Bitcoin is outdated and does not have the ability to upgrade like some others.
Bitcoin was never meant to be a holder of value. It was digital fiat to facilitate international trading. More than likely, it was designed to mask money laundering.
This is the most uneducated thing I’ve ever read. It is not fiat because you cannot print it. It is inflationary, BUT with the caveat that you need ENERGY to create it (AKA mining), and the inflation rate is set in stone (6.25btc/block [~10 minutes on average], CURRENTLY. This rate gets halved every 4 years, until there’s no more bitcoin left to mine) It does not” lack the ability to upgrade”, look up Segwit and Taproot. The difference is, there must be consensus from the entire network for the protocol to change. It has the intrinsic value of at least the energy spent to mine it, plus the fact that it’s the only digital thing we’ve created that is scarce and can’t be copy-pasted, including its protocol. No one controls it. On it not being private, your guns aren’t private either, but that doesn’t stop you from losing them in a boating accident. Please, educate yourself on the only weapon we can wield against [THEM].
Were you in at $7? In at $1500? In at $10,000? $40,000? Out at $25,000? What's it at now? You do you my friend. What you're apart of is not the future of anything.
What you don’t seem to get is that I don’t gamble on the price, and don’t ever plan to sell. It’s putting and end to the endless, while having full transparency aka dark to light. Do the game theory and realize that if the government were forced to use this for taxes, they could never steal or launder your money, ever. Realize that usury is the root cause of all of our issues, and simply opt out in a parallel system.
Also, do the game theory and realize that you can do a fully auditable election on the bitcoin blockchain, while no voter has to leave their house. Give each politician an address, and each voter a small amount of bitcoin for them to vote with. There are ways to verify it and make sure it’s not tied to your name, and yet, since you own the wallet, you would be able to audit your vote and anyone else’s who would let you.
As a fellow crypto holder, I'll also play devil's advocate here. What if that's the white hats tanking one of their money laundering schemes?
I'm also still very leery about BTC and ETH surviving. Both are majorly "centralized" with the small amount of whales holding most the supply.
We can only speculate until this is over.
Bitcoin is not centralized at all.
I put it in " " for a reason as it's not centralized by definition. But there are a few whales that hold a good amount of the total supply. Don't also forget that China, by far, has the largest mining operations that have been running for years now. I don't fully trust BTC, even though I believe in crypto as a whole.
China banned mining and still couldn’t stop it. It doesn’t matter who has the most. You will not stop people who can put in the work from becoming rich, if that’s China, so be it. But a little known fact — “Satoshi Nakamoto”: "Satoshi" means "clear thinking, quick witted; wise." "Naka" can mean "medium, inside, or relationship." "Moto" can mean "origin" or "foundation." — connect a few dots, you get “Central Intelligence”. Maybe the white hats knew they had to get rid of USURY, which is the root of all issues we fight against, and created Bitcoin.
China banned mining to solely manipulate the market. They've done it multiple times, including banning trading it all together. They were only manipulating the market, and I've watched them do it through a few cycles. It had nothing to do with trying to stop it.
And I've seen the whole name theory many years ago, and even if it was created by the CIA, that doesn't mean it was a white hat operation. It can very well be a black hat operation, nobody knows minus the insiders. It's easy to "connect the dots" as you put it, but that doesn't make it the right answer either.
And indeed, China doesn’t want Bitcoin to succeed in the minds of people, yet wants to control the most of it that it cans. The two go hand in hand, you attack the price in a multitude of ways, such as Binance creating a bailout fund which will generate a leverage spiral of death since you can’t print more to bail people out, and further crash the market. Instead of incentivizing people to hold their own keys and OWN THEIR MONEY, they want “proof of reserves”, meaning; they want you to feel comfortable with them holding your fucking money.
why would black hats create something they have no way of controlling, and puts the power of OWNING money back into peoples’ hands?
You control the nodes/hash power, you control it all...easy 51% attack, especially if you have the early advantage on day 1. Even today, that's always been BTC's weakness, and it's been close to being exploited in the past.
And they would create it for easy offloading of large sums of money without nobody knowing, were you around to witness Silk Road? I was. Today is different compared to what it was in the beginning, it wouldn't be as easy.
51% attacks are noticeable. You never delete a copy of the blockchain, you keep the entire history. Like a git repo. Once you realize what’s happening, the honest nodes block out the attacker and resume from where they left off. All you need is a consensus from the honest nodes.
You will never stop rich people from wielding the majority of money. All you can do is REMOVE THEIR ABILITY TO PRINT MORE BECAUSE THEY CONTROL THE MOST, which BITCOIN is the only thing that does.
What are you even go on about? I wasn't talking about the rich will always have more, that's a given. Also, BTC is definitely not the only crypto blockchain that has a finite supply that can never change.
which other has a finite supply that can never change? it’s also about the fact that it is the only coin which has an “immaculate conception”. the creator of it limited his own mining power, and went away forever. all other coins are premined by the people who knew about its launch. there is 0 comparison.
Algorand is one for example. I know there are others, but I do not keep up with every single project, but if I did a little digging I could find more for you.
BTC has also forked more than once, and still can. That's just creating more supply with a different name attached to it, even though they are now two different entities. That's not an "immaculate conception" if you really think about it.
And to say Satoshi just went away forever is a theory.
Not a single person to date can show us who Satoshi really is...for all we know, it could be anyone you want to name, like Elon Musk for instance. Just because we know of Satoshi's wallet, doesn't mean that Satoshi has more that nobody knows of. It's very easy to mine more BTC, add it to a new wallet. That same logic can be applied to how much they theoretically mined to date. We have nothing to go off of, minus the very beginning.
And to say all other coins are premined is also false. That's just how PoW chains work.
I can tell you are a BTC maxi. Nothing wrong with it, but don't be blinded by it.
My point is, bro… If you’re scared about China controlling most of the mining, well Satoshi controls most of the coins, and that could be the US government. No other PoW chains grew organically such as Bitcoin, those who “got it” early on, mined and got rich off of it. Those who didn’t, thought they missed the boat and went onto find problems in Bitcoin which don’t really exist, as an excuse to sell you new coins.
Money can be laundered in many ways, crypto is one of them but I would be surprised if white hats were behind it. Anything is possible though.
I think crypto is a major threat to whatever they replace FIAT with so they want it gone so they can bring in their CBDC's.
The US government spent 6 trillion in the last year, BTC market cap was just over a trillion at it's peak. They could have easily have been buying in just to sell and crash it later, they have the means to do so. After all it's not their money they're using so they don't care about the cost, they just want BTC dead and gone.
I don't have any crypto at the moment.
That's plausible as well. The crypto markets have been taken over by gov't/Wall Street/exchanges. Watch how there's little movement in the entire crypto market until Wall Street opens up. We are now also seeing corruption in the big exchanges, even though we've known a few has been this way for years now.
I do believe blockchain tech will be around for the long haul. But we cannot lose sight that it's plausible some of the main chains we know of were created/founded by the DS. We need to question everything, including the things we believe to be good.
I remember, maybe 6-7 years ago, when there was a good dig on the chans trying to show BTC was created by the CIA. Who knows if that's true or not. The point i'm trying to make is that we just don't know. We won't know until the dust is settled.
That doesn't mean i'm selling my bags either though. I will sit and watch, knowing it's a high risk/high reward play.
Bitcoin is "Asshoe"!!!
Bitcoin is banned in China, yet they own the largest exchange, Binance, which is currently setting up a “bailout fund” for something that cannot be printed aka bitcoin. Do not confuse “crypto” with bitcoin. They are not the same. Binance and the whole “crypto” market is an attack on the only thing you CAN attack in bitcoin, which is its PRICE, or the faith in the system. Because you ain’t breaking the laws of math and thermodynamics.