Topic: Bitcoin is the central bankers trojan horse out of fiat. (Read 285 times)
It's very hard rather impossible for a single entity to buy everything like all btc, all miners etc. Bitcoin has been taken to 60k by its community not by central institutes like banks, government. Banks and government till date are happy with their fiat currencies and I don't see any reason for them to do all that stuff.
I think Bitcoin is same tme an asset and medium of exchange so that one can pick up benefit. It isn't truly a competition to fiat but sort of complementary instrument. In the event that you get too much Bitcoin you'll change over it back to fiat one way or another. So to those that think that Bitcoin is the curve foe of finance and conventional world cash, at that point they could be in for a shock within the close future.If the world really adopt the Bitcoin it will be beneficial for the individuals and the economy of the country.
Who will own all the coins in the end?
Who can buy all the miners right now?
Who can buy all the coins right now?
The central bankers.
If and when bitcoin replaces fiat. The guys with the most miners at that time will always stay on top.
You want to make something better than fiat and bitcoin that will replace both of them?
Create a coin everyone mints at the same rate.
I hope you know very well that Bitcoin can never be used in replacement of conventional currencies right? That’s not going to be happening, nobody owns and there is no way that they can share it, so the best they are trying to do is regulate it and if they can’t regulate it they will ban it. It’s as simple as that, and there is nothing much they can do about it. Unless you’re going to say that they will create their own cryptocurrencies.Who can buy all the miners right now?
Who can buy all the coins right now?
The central bankers.
If and when bitcoin replaces fiat. The guys with the most miners at that time will always stay on top.
You want to make something better than fiat and bitcoin that will replace both of them?
Create a coin everyone mints at the same rate.
But, let’s say that they somehow manage to buy all the mines around the world and wants to be mining it themselves, people can still decide to leave the Bitcoin and go for other cryptocurrencies, there are so many of them that we have in the market, more than a thousand.
Who will own all the coins in the end?
Who can buy all the miners right now?
Who can buy all the coins right now?
The central bankers.
They simply cannot. If there's rapid increasing interest to buy cryptos, they'll skyrocket in value, and it would cost more and more to actually purchase a significant amount of it. Moreover, 'central bankers' aren't some unified entity which can direct all the efforts on cryptos, so there's no consolidated power here to actually make a difference. Finally, there's no motivation for banks to help out their biggest rivals which are decentralized cryptocurrencies. It's impossible to take them fully under control, and even trying to do that requires tons of resources which literally nobody in the world possesses. Who can buy all the miners right now?
Who can buy all the coins right now?
The central bankers.
Who can buy all the coins right now?
Who can buy my coins if I'm not choosing to sell them right now? No one. So no, central bankers can't buy all the coins right now. Understand how property works.
Yes they can, for 9 digits per coin. I’m very sure many HODLers in the community would be tempted, including me. Haha.
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I see you're getting a bit desperate in your attempts to justify being on the wrong side of history. We almost feel bad for you. Almost.
Many people are, and will be. The “wrong side” always makes the “right side” always right.
This was said by Mike Hearn during 2016 after selling his coins, “ Worse still, the network is on the brink of technical collapse”.
If the community told him to keep HODLing because Tesla would be buying Bitcoins with cars, he would not believe it.
https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.mu7gne8ca
Who can buy all the coins right now?
Who can buy my coins if I'm not choosing to sell them right now? No one. So no, central bankers can't buy all the coins right now. Understand how property works.
I see you're getting a bit desperate in your attempts to justify being on the wrong side of history. We almost feel bad for you. Almost.
With the current situation of bitcoin adoption I think that we will be able to buy bitcoin without the need to convert to fiat and the transaction fees can be mitigated if both parties involved in the transaction aren't not in a rush to get the bitcoin.
What's that coin then?
Your coin that shall be known in the market and will also replace the bankers? the bankers don't have to buy those that you have mentioned. They can establish it instead of buying it unless they want a shortcut.
Owning all coins? I doubt it that they even care that lot.
Your coin that shall be known in the market and will also replace the bankers? the bankers don't have to buy those that you have mentioned. They can establish it instead of buying it unless they want a shortcut.
Owning all coins? I doubt it that they even care that lot.
OP might be a big blocker, then it will either be Bitcoin Cash, or its fork, Bitcoin Cash SV. Both coins that no Central Bank will ever consider to be feasible enough to be a World Reserve Currency. The forked-shitcoin-scams have lost, their narrative lost, their holders lost.
His idea won't work.
That would give him the idea that those forks that have tried it before didn't even gain any traction. Well at least the beginning became good for them but they were eventually dumped by a lot.
The big blockers were once part of the community who followed Gavin Andresen, Mike Hearn, Jeff Garzik, and other non-developers like Roger Ver. Mike Hearn said he sold all his coins, that would lead me to believe that many anti-Core people also sold their coins. But Bitcoin never failed, and was never on a “long term trend downwards”. Understanding their mistake, now they troll.
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The fundamentals are broken and whatever happens to the price in the short term, the long term trend should probably be downwards. I will no longer be taking part in Bitcoin development and have sold all my coins.
https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.mu7gne8ca
Who will own all the coins in the end?
Who can buy all the miners right now?
Who can buy all the coins right now?
The central bankers.
If and when bitcoin replaces fiat. The guys with the most miners at that time will always stay on top.
You want to make something better than fiat and bitcoin that will replace both of them?
Create a coin everyone mints at the same rate.
Spoiler: NETWORK FEE is fancy words for ENFORCED TAX.
Dipshits. You`re all idiots. Enjoy your slavery.
Who can buy all the miners right now?
Who can buy all the coins right now?
The central bankers.
If and when bitcoin replaces fiat. The guys with the most miners at that time will always stay on top.
You want to make something better than fiat and bitcoin that will replace both of them?
Create a coin everyone mints at the same rate.
Spoiler: NETWORK FEE is fancy words for ENFORCED TAX.
Dipshits. You`re all idiots. Enjoy your slavery.
Dipshit... Think about this.... as soon as people realize that the Central Banks bought most of the coins, the developers simply fork to a new coin and people switch to that coin. Alternatively we just move over to another Alt coin and the Central Banks have to sell to nobody that will want those coins to be able to switch to the new coin.
The shills and idiots do not understand how all this can happen, because they are Fiat slaves and they are to used to bending over to centralized authorities.
How long will the Central Banks waste their time and money to buy every new coin we switch to?
What's that coin then?
Your coin that shall be known in the market and will also replace the bankers? the bankers don't have to buy those that you have mentioned. They can establish it instead of buying it unless they want a shortcut.
Owning all coins? I doubt it that they even care that lot.
Your coin that shall be known in the market and will also replace the bankers? the bankers don't have to buy those that you have mentioned. They can establish it instead of buying it unless they want a shortcut.
Owning all coins? I doubt it that they even care that lot.
OP might be a big blocker, then it will either be Bitcoin Cash, or its fork, Bitcoin Cash SV. Both coins that no Central Bank will ever consider to be feasible enough to be a World Reserve Currency. The forked-shitcoin-scams have lost, their narrative lost, their holders lost.
That would give him the idea that those forks that have tried it before didn't even gain any traction. Well at least the beginning became good for them but they were eventually dumped by a lot.
They can buy all coins,but who will be selling and for what price?
They can buy all miners,but what if Bitcoin core gets forked and all the true BTC fans run away and move their community.
Do you think that all the central bankers around the world are some kind of united secret elite that has the one and only purpose to buy all Bitcoins and all BTC miners?This is hilarious.
If you want an altcoin that can be mined by everyone,then why don't you just create one?
I'm sure that the value of such shitcoin will be no different than zero.
Why are you insulting other people,while posting your bullshit conspiracy theories and stupid altcoin idea?
They can buy all miners,but what if Bitcoin core gets forked and all the true BTC fans run away and move their community.
Do you think that all the central bankers around the world are some kind of united secret elite that has the one and only purpose to buy all Bitcoins and all BTC miners?This is hilarious.
If you want an altcoin that can be mined by everyone,then why don't you just create one?
I'm sure that the value of such shitcoin will be no different than zero.
Why are you insulting other people,while posting your bullshit conspiracy theories and stupid altcoin idea?
What's that coin then?
Your coin that shall be known in the market and will also replace the bankers? the bankers don't have to buy those that you have mentioned. They can establish it instead of buying it unless they want a shortcut.
Owning all coins? I doubt it that they even care that lot.
Your coin that shall be known in the market and will also replace the bankers? the bankers don't have to buy those that you have mentioned. They can establish it instead of buying it unless they want a shortcut.
Owning all coins? I doubt it that they even care that lot.
OP might be a big blocker, then it will either be Bitcoin Cash, or its fork, Bitcoin Cash SV. Both coins that no Central Bank will ever consider to be feasible enough to be a World Reserve Currency. The forked-shitcoin-scams have lost, their narrative lost, their holders lost.
What's that coin then?
Your coin that shall be known in the market and will also replace the bankers? the bankers don't have to buy those that you have mentioned. They can establish it instead of buying it unless they want a shortcut.
Owning all coins? I doubt it that they even care that lot.
Your coin that shall be known in the market and will also replace the bankers? the bankers don't have to buy those that you have mentioned. They can establish it instead of buying it unless they want a shortcut.
Owning all coins? I doubt it that they even care that lot.
First of all, I think that banks still don't appreciate cryptocurrencies at all and don't pay much attention to them.
And even if someone wanted to buy all the coins, or all the miners, why would that? After all, if all the coins were redeemed, the price would rise to millions of dollars, and then the community would sell them and start using another coin, such as Litecoin. This type of scenario is impossible for me.
And even if someone wanted to buy all the coins, or all the miners, why would that? After all, if all the coins were redeemed, the price would rise to millions of dollars, and then the community would sell them and start using another coin, such as Litecoin. This type of scenario is impossible for me.
Bitcoin or cryptocurrency is incorrectly called a trojan horse (read as a harmful virus). Bitcoin is a digital payment that can coexist with traditional finance. Fiat and bitcoin are not synonymous, but each financial system has its advantages and disadvantages.
Currently, the increasingly popular use of cryptocurrency, of course more and more people understand new payment technologies. Fiat or traditional finance will never be abandoned, because cryptocurrency or bitcoin requires a traditional financial system.
Cryptocurrency is a good alternative payment system if it is managed properly.
Currently, the increasingly popular use of cryptocurrency, of course more and more people understand new payment technologies. Fiat or traditional finance will never be abandoned, because cryptocurrency or bitcoin requires a traditional financial system.
Cryptocurrency is a good alternative payment system if it is managed properly.
In my opinion, I really do not see Bitcoin as sort of weapon against traditional finance. I see Bitcoin as another instrument that can be utilized by finance so that one can gain profit. It is not really a competition to fiat but sort of complementary tool. If you get too much Bitcoin you will convert it back to fiat one way or another. So to those that think that Bitcoin is the arch enemy of finance and traditional world currency, then they might be in for a surprise in the near future. When all countries will accept Bitcoin as a recognized currency.
Who will own all the coins in the end?
Who can buy all the miners right now?
Who can buy all the coins right now?
The central bankers.
If and when bitcoin replaces fiat. The guys with the most miners at that time will always stay on top.
You want to make something better than fiat and bitcoin that will replace both of them?
Create a coin everyone mints at the same rate.
Spoiler: NETWORK FEE is fancy words for ENFORCED TAX.
Dipshits. You`re all idiots. Enjoy your slavery.
The bitcoin has came long way and the prices have reached so high at $55k that its impossible now to make bitcoin centralized currency.With Tesla $1.5 billion investment they just got a tiny share of the total supply of bitcoin of 21 million.With increased prices chances became less to own more supply of bitcoin.The banks will not spend billion of dollars into bitcoin just to make it centralized because it wont work.So in the turn bitcoin became decentralized in nature as rich individuals cannot hold the major share in the market.The banks also charge various fees from customers in the form of interest and same is the case with the miners.They need to be paid for validating transactions and keeping system secure which is much less than other sources.Can you transfer millions to other account with nominal fees of $5-$10 through central banks without any documentation? But its possible with the help of bitcoin.So we need to appreciate its feature rather than criticizing its usage and if you don't like it shift to other traditional methods of payments and leave the market freely. Who can buy all the miners right now?
Who can buy all the coins right now?
The central bankers.
If and when bitcoin replaces fiat. The guys with the most miners at that time will always stay on top.
You want to make something better than fiat and bitcoin that will replace both of them?
Create a coin everyone mints at the same rate.
Spoiler: NETWORK FEE is fancy words for ENFORCED TAX.
Dipshits. You`re all idiots. Enjoy your slavery.
The central bankers.
If and when bitcoin replaces fiat. The guys with the most miners at that time will always stay on top.
Why in the sane world they would do that. The miners are supporting the network and do you have any idea how many billions are invested in these farms and you think they will purchase all these used miners or block anyone getting the new miners If and when bitcoin replaces fiat. The guys with the most miners at that time will always stay on top.
. You want to make something better than fiat and bitcoin that will replace both of them?
No where in the white paper of bitcoin it says it is created to replace fiat, who gave you that impression 
.Spoiler: NETWORK FEE is fancy words for ENFORCED TAX.
Dipshits. You`re all idiots. Enjoy your slavery.
I get it, if you never had the capacity to invest in bitcoin when the price was really small. I understand your frustrations Dipshits. You`re all idiots. Enjoy your slavery.
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Want to portray yourself as some kind of intelligent person on a forum who knows what will happen in the future? Then you should know that there really is no point in spamming us with threads like this every 2 months - at least be so intelligent and bump old topic.
You call people idiots, but who turns out to be the biggest idiot in everything? You and your Pizza coin that will save the world
What is electricity bought with?
What are coins bought with?
What are miners bought with?
Fiat.
Who will have the biggest mining farm in the end?
Central bankers
Who will collect all coins in the end from network fees AKA enforced tax fees?
Central bankers
Sorry to say
"bitcoin is almost as bs a fiat" -Elon Musk
Stay enslaved idiots.
I showed you the way out and my post keep getting deleted from this forum for 10 years now.
Everyone should be creating the currency not a select few(fiat) or people with cash(bitcoin).
Mint supply 1 hour coin an hour to all willing participants.
What are coins bought with?
What are miners bought with?
Fiat.
Who will have the biggest mining farm in the end?
Central bankers
Who will collect all coins in the end from network fees AKA enforced tax fees?
Central bankers
Sorry to say
"bitcoin is almost as bs a fiat" -Elon Musk
Stay enslaved idiots.
I showed you the way out and my post keep getting deleted from this forum for 10 years now.
Everyone should be creating the currency not a select few(fiat) or people with cash(bitcoin).
Mint supply 1 hour coin an hour to all willing participants.
You call people idiots, but who turns out to be the biggest idiot in everything? You and your Pizza coin that will save the world
Create your "fair" coin and let us be. I'd bet anything it'd turn into a failure.
Everyone mints at the same rate, right? When people sell, who buys their coins? If after one year you still get 1 coin per minute and someone accumulated a million coins while still earning 1 coin per minute, they will ALWAYS be in advantage.
Fairness is almost impossible unless you want to launch some communist-like currency. And where there's extremism, there's no more freedom. So this is completely contradictory to what we're trying to achieve with Bitcoin's existence.
As long as there is a way to profit and take advantage, there will be no equality.
Everyone mints at the same rate, right? When people sell, who buys their coins? If after one year you still get 1 coin per minute and someone accumulated a million coins while still earning 1 coin per minute, they will ALWAYS be in advantage.
Fairness is almost impossible unless you want to launch some communist-like currency. And where there's extremism, there's no more freedom. So this is completely contradictory to what we're trying to achieve with Bitcoin's existence.
As long as there is a way to profit and take advantage, there will be no equality.
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