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 notice you never explained anything about why you hold that position, just dooming and showing you don't know anything about how any of this actually works.
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.
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 notice you never explained anything about why you hold that position, just dooming and showing you don't know anything about how any of this actually works.
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.