What in Gods green Earth makes you think Bitcoin will be allowed to? Jeebus mang!! Bitcoin is ripe for central control out of the box. I can't believe you guys can't see that.
"Literally no person, entity, organization, or government… can control a bitcoin transaction." Really? You don't think for one minute that the government cannot turn off the electricity and cable to your house? Without electricity how will you get to your bitcoin? How will you trade it? If the electrical grid goes down you will not have anything of value with your bitcoin. Sure, bitcoin is a neat idea, but it takes a resource not in your control to access the bitcoin. An EMP over the CONUS and your bitcoin will be inaccessible forever. Gold and silver are physical and can be stored in a box in the ground. Bitcoin does not have that advantage.
The opposite scenario is also true. Government can confiscate your gold and silver if they want. Try crossing a border with 100k in gold and see how far you get.
The EMP argument is extremely farfetched if you ask me and not a good reason to dismiss the entire concept of digital currency, which has lots of good applications.
No one is arguing that Bitcoin can be used at all times under all circumstances - sure, if the government kills the power grid and/or the internet it will cause disruptions but no one will lose their money. It still can't be confiscated and will still be there when the grid is restored.
I already told you. Censorship (especially on r/Bitcoin and bitcointalk), subversion of code repository, and lies about block size change intentions (New York agreement) and manipulating miner greed. Divide and conquer like they always do.
One day you will realize that you are the commie of crypto and have teamed up with big banks through tether and bitfinex to create the next iteration of the banking industry when ever you use lightning.
This guy gets it. Bitcoin is a peer to peer system of value exchange. It cuts third parties and middle men out of financial transactions. And in the long run it makes banks and state currencies, both historically tools of enslavement, obselete.
What do you think of the push for layer 2 networks for scaling?
Personally I remember the hash wars of 2017, where factions fought over the Bitcoin block size being permanently capped at 1MB. Unfortunately in my opinion, the bad guys won that battle and now Bitcoin is forever crippled and will probably never reach its full potential. This is why Bitcoin growth has stalled and it became all about HODLing instead of appreciating the art of peer to peer digital commerce. Layer 2 seems to be nothing more than the central bankers attempt to insert themselves back into the mix while making it look like Bitcoin was just fundamentally flawed and they are providing services on top of it so they own the tracking and metadata layer.
I'm still fairly new to the bitcoin space. My orange pill moment was watching the drama with the trucker protests in Canada, and shortly after watching Clif High explain BTC on the Devolution Power Hour. Do you have anywhere you'd recommend that I can read up on the topics you mentioned?
For one thing, because the Trudeau Regime in Canada tried to ban it back in 2022 during the trucker protests, and failed miserably. That was bitcoin's first real battle test, and it passed with flying colors.
And in order to control bitcoin, you would have to gain control of, or destroy, 15,000+ computers (and climbing) scattered across every corner of the earth, and in damn near every country, like Voldemort's horcruxes. How do you suppose you, as a central banker, would start to go about that task?
Well good luck with that when they shut down the DNS records used to validate transactions. Ignorance should be painful but I don't think you guys really deserve what you're going to get with this scam.
Bitcoin doesn't rely on DNS. Plenty of nodes just use IP addresses. There is no reason taking out DNS would have any impact on the network other than maybe some spotty connectivity or poorly coded wallets not working but it would by no means be a disaster.
There is also Tor which doesn't use DNS so that would be totally unaffected.
I have advanced degrees in science and tech. I understand crypto more than most. Bitcoin lacks a crucial component of a free market currency; fungibility. I don’t understand why more people don’t see this. EVERY Bitcoin transaction can be tracked. The reason why fungible crypto currencies are not available on US exchanges is because those cryptos pose a real threat. Bitcoin is a globalists wet dream for this reason alone.
Show me your degree then. Prove to me that you have what you say you have. Then prove that you actually put in the work to earn that degree and didn't just photoshop the document. Provide your Proof of Work.
The above is why bitcoin is designed with a public ledger, because the reason that fiat scams have been able to work throughout history is because bankers have been able to convince people to trust them when they say they have gold that they do not actually have.
That all goes out the window when people no longer need to trust, and can instead verify.
You fail to see the forest for the trees. I get it, you’re all-in on Bitcoin. Cool. There’s a decent chance you’ll make some money. But my point stands and your attempts to attack the messenger reveal your own insecurities. Best of luck to you.
Except, not really, since every single trucker Bitcoin wallet was likely marked as "turbo evil racist facist" Bitcoin, and thusly locks yourself out of using said coins in the modern ecosystem. The precedent is already set with blockchain analysis, and while things like privacy coin atomic swaps or coin mixing seemingly aleviate the issue, they either taint more coins or require serious liquidity for a tainted Bitcoin that simply isn't likely to happen.
Besides that, Bitcoin has serious technical problems due to politics on the part of companies like Blockstream hampering expansion and tacking on L2 solutions that fracture the ecosystem into disparate side products each with their own drawbacks, while starving the base layer of any real expandability. Lightning was never a good solution to fix the scalability of Bitcoin.
What in Gods green Earth makes you think Bitcoin will be allowed to? Jeebus mang!! Bitcoin is ripe for central control out of the box. I can't believe you guys can't see that.
How can you control something that has no manageable governance control within it’s core foundation?
Literally no person, entity, organization, or government… can control a bitcoin transaction.
Sure, they can control the final bank “landing spot”… but what happens when banks cease to exist? What will they do to try and “control” bitcoin then?
Open your eyes :D
Bitcoin is the single biggest threat to the globalist’s agenda.
"Literally no person, entity, organization, or government… can control a bitcoin transaction." Really? You don't think for one minute that the government cannot turn off the electricity and cable to your house? Without electricity how will you get to your bitcoin? How will you trade it? If the electrical grid goes down you will not have anything of value with your bitcoin. Sure, bitcoin is a neat idea, but it takes a resource not in your control to access the bitcoin. An EMP over the CONUS and your bitcoin will be inaccessible forever. Gold and silver are physical and can be stored in a box in the ground. Bitcoin does not have that advantage.
The opposite scenario is also true. Government can confiscate your gold and silver if they want. Try crossing a border with 100k in gold and see how far you get.
The EMP argument is extremely farfetched if you ask me and not a good reason to dismiss the entire concept of digital currency, which has lots of good applications.
No one is arguing that Bitcoin can be used at all times under all circumstances - sure, if the government kills the power grid and/or the internet it will cause disruptions but no one will lose their money. It still can't be confiscated and will still be there when the grid is restored.
BTC got taken over through marxist developers in 2015 and is not functional as bitcoin.
BTC is not a threat to them, they converted it into a tool.
What exactly were they able to change in the protocol to make it controllable?
Lmao
You are spewing pure bullshit :)
I already told you. Censorship (especially on r/Bitcoin and bitcointalk), subversion of code repository, and lies about block size change intentions (New York agreement) and manipulating miner greed. Divide and conquer like they always do.
One day you will realize that you are the commie of crypto and have teamed up with big banks through tether and bitfinex to create the next iteration of the banking industry when ever you use lightning.
This guy gets it. Bitcoin is a peer to peer system of value exchange. It cuts third parties and middle men out of financial transactions. And in the long run it makes banks and state currencies, both historically tools of enslavement, obselete.
What do you think of the push for layer 2 networks for scaling?
Personally I remember the hash wars of 2017, where factions fought over the Bitcoin block size being permanently capped at 1MB. Unfortunately in my opinion, the bad guys won that battle and now Bitcoin is forever crippled and will probably never reach its full potential. This is why Bitcoin growth has stalled and it became all about HODLing instead of appreciating the art of peer to peer digital commerce. Layer 2 seems to be nothing more than the central bankers attempt to insert themselves back into the mix while making it look like Bitcoin was just fundamentally flawed and they are providing services on top of it so they own the tracking and metadata layer.
I'm still fairly new to the bitcoin space. My orange pill moment was watching the drama with the trucker protests in Canada, and shortly after watching Clif High explain BTC on the Devolution Power Hour. Do you have anywhere you'd recommend that I can read up on the topics you mentioned?
For one thing, because the Trudeau Regime in Canada tried to ban it back in 2022 during the trucker protests, and failed miserably. That was bitcoin's first real battle test, and it passed with flying colors.
And in order to control bitcoin, you would have to gain control of, or destroy, 15,000+ computers (and climbing) scattered across every corner of the earth, and in damn near every country, like Voldemort's horcruxes. How do you suppose you, as a central banker, would start to go about that task?
Well good luck with that when they shut down the DNS records used to validate transactions. Ignorance should be painful but I don't think you guys really deserve what you're going to get with this scam.
Bitcoin doesn't rely on DNS. Plenty of nodes just use IP addresses. There is no reason taking out DNS would have any impact on the network other than maybe some spotty connectivity or poorly coded wallets not working but it would by no means be a disaster.
There is also Tor which doesn't use DNS so that would be totally unaffected.
Oh shit! IP addresses! There's no way those can be blocked. I'm done with you guys. Put all your money into bitcoin.
I have advanced degrees in science and tech. I understand crypto more than most. Bitcoin lacks a crucial component of a free market currency; fungibility. I don’t understand why more people don’t see this. EVERY Bitcoin transaction can be tracked. The reason why fungible crypto currencies are not available on US exchanges is because those cryptos pose a real threat. Bitcoin is a globalists wet dream for this reason alone.
Show me your degree then. Prove to me that you have what you say you have. Then prove that you actually put in the work to earn that degree and didn't just photoshop the document. Provide your Proof of Work.
The above is why bitcoin is designed with a public ledger, because the reason that fiat scams have been able to work throughout history is because bankers have been able to convince people to trust them when they say they have gold that they do not actually have.
That all goes out the window when people no longer need to trust, and can instead verify.
You fail to see the forest for the trees. I get it, you’re all-in on Bitcoin. Cool. There’s a decent chance you’ll make some money. But my point stands and your attempts to attack the messenger reveal your own insecurities. Best of luck to you.
Except, not really, since every single trucker Bitcoin wallet was likely marked as "turbo evil racist facist" Bitcoin, and thusly locks yourself out of using said coins in the modern ecosystem. The precedent is already set with blockchain analysis, and while things like privacy coin atomic swaps or coin mixing seemingly aleviate the issue, they either taint more coins or require serious liquidity for a tainted Bitcoin that simply isn't likely to happen.
Besides that, Bitcoin has serious technical problems due to politics on the part of companies like Blockstream hampering expansion and tacking on L2 solutions that fracture the ecosystem into disparate side products each with their own drawbacks, while starving the base layer of any real expandability. Lightning was never a good solution to fix the scalability of Bitcoin.
Everything in btc is traceable. Monero is way better