Topic: [2020-12-11] Why 2021 Is Set To Be Even Bigger For Bitcoin - page 2. (Read 433 times)

PayPal can't control how Bitcoins are used, because Bitcoin is a decentralized asset. At the most, PayPal can control how Bitcoins are used by their registered clients. But still, there is a limit up to which PayPal can enforce this. Because unlike the case with fiat payments, PayPal doesn't enjoy a monopoly with cryptocurrency payments or cryptocurrency storage.

It can also be argued that Paypal is doing their adoption of bitcoin similar to the centralized controlled facebookcoin, however, worse. Paypal wants to control how bitcoins are used while much of the people in the community celebrate and think this is adoption.

Is the specific name called a slave hehehe?

this

the whole concept of money is about ownership, money is simply an imaginary piece of the real pie. Everyone pretends the money is as good as something with real value; it's a universal mirror of your stake in the economy, a token of ownership.

so if someone else can control how you spend your money, then it's not really yours. People trade their labor for money, and the fewer choices you have with which to spend it, the more that your labor is essentially controlled by that someone else.

traditionally, when someone controls how, where or when you work, or what you can trade it for, your role in that relationship has a specific name....

Exactly, the final goal is about controlling what the users does almost everywhere and particularly on their Facebook platforms. This way the ads will point directly to a facebook marketplace in order to maximise both revenues and ad expenses. It is a very sad vision of the new Internet.

I am afraid that similar to 2017, when your friends begin asking about bitcoin and they want to begin buying it, this might be the first signs for the whales to begin dumping on them hehehe.

I have to agree with this.

I'd also add that Facebook's coin "Diem" (not Libra)***  might as well just be an entry in a database for all the "innovation" it brings.  It is centralized, censorable, blocked at a border, tied to fiat, can be frozen at the whim of whatever government can pressure FB.  It might just be that FB not liking what you are posting or disagreeing with you.  As the last few years have shown, these huge companies (FB, Twitter etc) are behold to the governments and political parities.  Do something they don't like, "well your coins are frozen and you can't move them or cash out.  Recourse?  None since they aren't regulated banks."   Members of the association will be able to see, extract and analyze the items in the Diem ledger - think they are following you now with cookies?  Then they'll be able to also track what you spend your coins on.  Bitcoin will (one hopes shortly) be helping to increase privacy on chain.

The "Association" is essentially an unregulated central bank that will be able to monitor EVERY transaction, freeze, control, inflate the value away or seize your coins at any point.


It might as well be the Petro or one of the other nonsense coins.  Anyone who decides to use this is just asking to be controlled.  The ONLY potential positive is that people will see it, and go into "real" crypto, but that is a small hope.


**** https://www.diem.com/en-us/white-paper/
"On December 1, 2020, the Libra Association was renamed to Diem Association. This white paper, originally published by the Libra Association in June 2019 and then re-issued as a stand-alone update in April 2020, replaces previous versions published by the Association. Supporting technical papers published by the Libra Association in June 2019, have either been edited or retired. Features of the project as implemented may differ based on regulatory approvals or other considerations, and may evolve over time."

Mark Zuckerberg's coin is very much needed fro the whole walled garden Facebook experience: he needs a token to allow an end-to-end payment mechanism for Instagram, Facebook, WhatsApp and whatever will come next. Like Apple did with iTunes, you will see.
In the end everything is about enclosing the customer and allow him to be "monetized".

Can't put it any better than this. The Libracoin is completely opposite of everything Bitcoin stands for and it is more similar to a central-bank issued fiat currency rather than a decentralized cryptocurrency. In the end, there is going to be hardly any difference between the digital versions of fiat currency (such as PayPal/Visa), stablecoins such as USDT/USDC and Libracoin.

Facebook's coin (whatever it will be called) could not have been inspired by Bitcoin because in its essence it is something completely opposite to everything that is at the very core of what Satoshi Nakamoto invented. FB will eventually launch some kind of stablecoin, and we all know that such coins are completely pegged with the fiat currency that supports them - which opens up unlimited manipulation as seen in the case of Tether.

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Optimism is good, but it is better to be realistic than to be disappointed if we set some expectations too high. Following an old saying that says "Rome wasn't built in a day", talking about some kind of full recognition in just one year is not exactly something I would agree with. Again, I don't know what kind of recognition you're talking about - that Bitcoin will be recognized by even more large companies, which is very likely - or that most world governments will say they accept Bitcoin as something completely legal and positive?

I’m pretty sure Bitcoin won’t have such a welcome in countries like China, Russia, or India which together have almost 40% of the world’s population.

Bitcoin's no fad.
Tapeworm diets, Paris' public morgue viewing, piked shoes, ornamental hermits, etc. were fads. Bitcoin's changing the history of money and I am convinced 2021 will be the year of bitcoin's full recognition.
For those of us who don't look only at the financials but who believe in bitcoin properties, its dominance was just around the corner. Fasten your seat belt.

I share your enthusiasm.  It does seem like things are lining up for a great 2021, go BTC.  Many of my friends are now talking about BTC, and they don't even know I own some.  LOL

Bitcoin is coming to the end of one of the biggest years in its short history.

The bitcoin price has surged through 2020, reclaiming its 2017 all-time highs after finding support from Wall Street and some of the world's biggest investors.

Now, with the bitcoin and cryptocurrency community looking forward to a slew of developments in 2021—including the much-anticipated launch of Facebook's bitcoin-inspired cryptocurrency and potentially industry-defining U.S. cryptocurrency regulations—Wall Street giant Wells Fargo has said it expects to be "discussing the digital asset space more" next year.

Read the article @ https://www.forbes.com/sites/billybambrough/2020/12/11/why-2021-is-set-to-be-even-bigger-for-bitcoin