Bitcoin was created during the world economic crisis of 2008. Does anyone understand what it means? It is truly a revolution against the banking system. Every recession in the world, America is partly acquired by banks. It's not fair, they don't have the right to do that.
Bitcoin was created to resist the manipulation of banks and money transfer services.
Arguably as an economic revolution, Bitcoin changed the way people think about value.
Despite the ban on governments around the world, Bitcoin will continue to grow and be used more and more.
Topic: Bitcoin - Revolution or Evolution ? (Read 419 times)
At first, Bitcoin was a revolution that stimulated the growth of the crypto market that we know. I could also say that due to the time that Bitcoin has since its inception it has evolved because it has remained leading as the best known crypto asset.
We must take advantage of Bitcoin to build the future of finance.
Honestly despite volatility I feel safe than any other crypto.
We must take advantage of Bitcoin to build the future of finance.
Honestly despite volatility I feel safe than any other crypto.
Hello to all. My humble opinion is that Bitcoin is most likely an evolution. A computer entered our life, digital media appeared - it is not surprising that along with the entire digitalization of the planet, digital currency also appeared. You can definitely say about some revolution in the field of finance - but these are only prerequisites.
Now we can already say that blockchain technology has a revolutionary impact on the economy of almost all the states that have turned their attention to it. This technology has dramatically increased the possibilities of its use in almost all areas of human activity.
In relation to cryptocurrency, it is still difficult to say for sure. World states note the still weak influence of cryptocurrency on the global financial system. Whether the emergence of bitcoin and another decentralized cryptocurrency is a revolution, it will be possible to conclude much later. Perhaps even in 30 -50 years.
In relation to cryptocurrency, it is still difficult to say for sure. World states note the still weak influence of cryptocurrency on the global financial system. Whether the emergence of bitcoin and another decentralized cryptocurrency is a revolution, it will be possible to conclude much later. Perhaps even in 30 -50 years.
Who are the "puppet masters of the fiat system" that "hijacked" Bitcoin?Can you name a few?
I think that Bitcoin wasn't hijacked by anyone.Rover Ver and Craig Wright tried to hijack Bitcoin,but failed miserably,so they hardforked Bitcoin and created BCH/BSV.
During the last few years,Bitcoin turned more into a speculation investment asset,which isn't necessarily a bad thing.The core concept Bitcoin hasn't been changed by anyone,so Bitcoin can still be used for funding projects like Wikileaks.
If you ask me,evolution is a better process than revolution.All the revolutions usually end badly.
Even if revolutions do end up badly, it's a matter of necessity. Revolutions only occur if something oppressed can't really handle it anymore, that they bounce back with all their power to try and change something for the better. Evolving, on the other hand, can simply be called adaptation. Still, it is to each their own I suppose. It's not a matter of what you think Bitcoin is at this point, but rather what would Bitcoin be due to us, which is right now, a speculative asset instead of a currency. I think that Bitcoin wasn't hijacked by anyone.Rover Ver and Craig Wright tried to hijack Bitcoin,but failed miserably,so they hardforked Bitcoin and created BCH/BSV.
During the last few years,Bitcoin turned more into a speculation investment asset,which isn't necessarily a bad thing.The core concept Bitcoin hasn't been changed by anyone,so Bitcoin can still be used for funding projects like Wikileaks.
If you ask me,evolution is a better process than revolution.All the revolutions usually end badly.
Still, I hope for the best right now, with Bitcoin's current state as a temporary stage for its final evolution. Yes, it's quite disappointing right now since its current state of a speculative asset is contrary to what it is supposed to be, but I suppose we haven't really seen the end of it actually evolving, so I suppose we can still hope for the best?
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Did Bitcoin just evolve to satisfy the masses or was the whole project hijacked by the Puppet masters from the traditional Fiat system to stop the revolution and the inevitable change of money as we know it?
Who are the "puppet masters of the fiat system" that "hijacked" Bitcoin?Can you name a few?
I think that Bitcoin wasn't hijacked by anyone.Rover Ver and Craig Wright tried to hijack Bitcoin,but failed miserably,so they hardforked Bitcoin and created BCH/BSV.
During the last few years,Bitcoin turned more into a speculation investment asset,which isn't necessarily a bad thing.The core concept Bitcoin hasn't been changed by anyone,so Bitcoin can still be used for funding projects like Wikileaks.
If you ask me,evolution is a better process than revolution.All the revolutions usually end badly.
Some of the largest countries battled with the concept and they were very hostile towards the Bitcoiners out there. (That includes Rusia / India / China / Vietnam / Bolivia / Columbia and Ecuador.
Russia, India and China are still quite hostile countries when it comes to Bitcoin as a currency, but China is quite friendly when it comes to mining. I would not classify other countries as significant countries in any economic sense, or in terms of human freedoms - and the regimes that rule there are far from allowing much less human freedom than using something like Bitcoin.
Some countries are still struggling with the idea of Bitcoin, while others such as Japan, Germany or Switzerland go the other way and show by their example that it is possible to integrate Bitcoin into existing systems. But what we can see from the examples of these countries is that no major boom has taken place after regulation, which is perhaps expected given the standard of living that exists in these countries.
In other words Bitcoin has caused much greater interest in countries where the standard of living is low, where the level of corruption is extremely large and where people are looking for any straw to survive.
Bitcoin is a technology it is a currency and it is a forex network and exchange that has been completely distorted Bitcoin is decentralized and it is not under anyone's control.
It doesn’t depend on banks it doesn’t depend on governments and we’ve never done this before in the history of humanity This discovery is truly revolutionary and when we look back at this moment we will see that the evolution of computer science will be a historic moment but a social and political revolution in making.
It doesn’t depend on banks it doesn’t depend on governments and we’ve never done this before in the history of humanity This discovery is truly revolutionary and when we look back at this moment we will see that the evolution of computer science will be a historic moment but a social and political revolution in making.
You 100% sure it is not controlled? Every time you use a regulated exchange and you give them all your private data (ID / Bank statements / Proof of adress) your pseudo anonymity is destroyed. Every time you buy something and you pay through a Payment processor, you provide them with massive amounts of data about yourself. (What you bought / Your delivery address / Your personal information)
Companies like Chainalysis & Elliptic makes it their business to use this data for the tracking and tracing payment-flows and can map extensive charts with your detailed use history of the Bitcoin Blockchain. (This information is probably passed on to governments or accessible without a subpoena)
Bitcoin is a technology it is a currency and it is a forex network and exchange that has been completely distorted Bitcoin is decentralized and it is not under anyone's control.
It doesn’t depend on banks it doesn’t depend on governments and we’ve never done this before in the history of humanity This discovery is truly revolutionary and when we look back at this moment we will see that the evolution of computer science will be a historic moment but a social and political revolution in making.
It doesn’t depend on banks it doesn’t depend on governments and we’ve never done this before in the history of humanity This discovery is truly revolutionary and when we look back at this moment we will see that the evolution of computer science will be a historic moment but a social and political revolution in making.
In my opinion Bitcoin revolution because it managed to make a breakthrough in the world of finance and economy, and make people change
their perspective. And this surprised many parties, especially the government and banks who were not ready to accept the presence of Bitcoin.
Why so many people began to support Bitcoin and the popularity of Bitcoin is also increasing, because of the decentralized Bitcoin that gives
freedom to control their own finances without third party interference. That is what most people want.
The unique features of the bitcoin is the reason why it became so popular, a lot of major institutions and influencer are now starting to adopt it because of it decentralized characteristics.their perspective. And this surprised many parties, especially the government and banks who were not ready to accept the presence of Bitcoin.
Why so many people began to support Bitcoin and the popularity of Bitcoin is also increasing, because of the decentralized Bitcoin that gives
freedom to control their own finances without third party interference. That is what most people want.
As time passing by, people around the world began to understand and accept bitcoin as currency. The current payment system is starting to improve because of the bitcoin and other cryptocurrencies
In my opinion Bitcoin revolution because it managed to make a breakthrough in the world of finance and economy, and make people change
their perspective. And this surprised many parties, especially the government and banks who were not ready to accept the presence of Bitcoin.
Why so many people began to support Bitcoin and the popularity of Bitcoin is also increasing, because of the decentralized Bitcoin that gives
freedom to control their own finances without third party interference. That is what most people want.
The breakthrough in my opinion is not something that any conventional financial institution should ever brush off, this left a remarkable dent in the industry because this is the first time that a financial paradigm is working in favor of the people, this in my opinion is still an ongoing revolution that seeks to change the way we think of financial freedom and privacy. their perspective. And this surprised many parties, especially the government and banks who were not ready to accept the presence of Bitcoin.
Why so many people began to support Bitcoin and the popularity of Bitcoin is also increasing, because of the decentralized Bitcoin that gives
freedom to control their own finances without third party interference. That is what most people want.
In my opinion Bitcoin revolution because it managed to make a breakthrough in the world of finance and economy, and make people change
their perspective. And this surprised many parties, especially the government and banks who were not ready to accept the presence of Bitcoin.
Why so many people began to support Bitcoin and the popularity of Bitcoin is also increasing, because of the decentralized Bitcoin that gives
freedom to control their own finances without third party interference. That is what most people want.
their perspective. And this surprised many parties, especially the government and banks who were not ready to accept the presence of Bitcoin.
Why so many people began to support Bitcoin and the popularity of Bitcoin is also increasing, because of the decentralized Bitcoin that gives
freedom to control their own finances without third party interference. That is what most people want.
At first, I also consider that Bitcoin is a revolution of the currency so far used by the world.
As we know, as in the whitepaper of BTC is
however, BTC is a decentralized system and it cannot be regulated, controlled, and also stated. The price of the BTC is very volatile and it depends on the market itself. The volatility of the BTC is the one that makes this digital currency is quite difficult to be used or considered as a payment method so far. Moreover, it is decentralized. That is why, it seems to be evolutional currency because the market and price of the BTC is still not mature enough, volatile, and also cannot be a benchmark.
As we know, as in the whitepaper of BTC is
Quote
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
From this, the aim of the BTC is for a digital currency to be used as the currency, but it is digitally. It will act like cash as usual. however, BTC is a decentralized system and it cannot be regulated, controlled, and also stated. The price of the BTC is very volatile and it depends on the market itself. The volatility of the BTC is the one that makes this digital currency is quite difficult to be used or considered as a payment method so far. Moreover, it is decentralized. That is why, it seems to be evolutional currency because the market and price of the BTC is still not mature enough, volatile, and also cannot be a benchmark.
Some say it has already been hijacked by governments and banks and there could be some truth in it because we all know that JP Morgan was buying Bitcoin years ago while publicly cutting itself from it.
For me it's both. A revolution in the way people understand money and private property and an evolution in payments.
For me it's both. A revolution in the way people understand money and private property and an evolution in payments.
Did Bitcoin just evolve to satisfy the masses or was the whole project hijacked by the Puppet masters from the traditional Fiat system to stop the revolution and the inevitable change of money as we know it? 
Bitcoin is what its users choose it to be.
The majority of people don't care about its principles or don't understand them. Luckily there are enough people who keep those qualities alive because one day they might be vital.
People usually attempt to bend something new to fit in with what they're comfortable with already. It takes quite some time to get beyond that and let the underlying innovations flourish.
It's far too early to decide whether it's compromised or on its way. These have all been phases we're passing through.
That is the fact. just as we have in growth theory, there about 5-6 stages of growth. I believe that also apply to the growth in technology. It will take decades for us to understands if the bitcoin invention is actually revolutionary or not. But, the bitcoin value proposition snad ideologies are very strong game changers in the world of finance.
Bitcoin have proven it worth and had solved many issue,
from serving of main purpose of creation:
Payments without a third party involvement, as such it is to the holder what they feel it is.
from serving of main purpose of creation:
Payments without a third party involvement, as such it is to the holder what they feel it is.
For me, it is still early. Even though it is more than a decade, people are not seeing its worth and not really serving its purpose since it is treated as an asset right now and not an electronic cash that ia fully peer to peer. People are holding it for the sake of manipulating the price to go higher.
I don't even think that most people are using it as a payment but they use it since it has a value.
That is exactly what I am saying .... people use it as a Commodity and not as a Currency and that is not what it was developed for. People saying that they are OK with that, does not understand the implications of that, because the whole reward system and also incentive for the miners to continue mining, is built around the transactions that has to occur. They should understand that the Block reward is halved every 4 years and at one stage miners fees must replace the Block reward as a incentive to mine.
If everyone use Bitcoin as a Commodity and people start hoarding coins and only doing transactions on Exchange databases, the miners will stop mining. It has to be profitable for them to mine and with very low transaction volumes, comes lower miners fees.
We are not discussing Bitcoins use case now, rather the evolution from a revolutionary technology with huge disruptive opportunities, to a technology that conform to other Fiat currencies.
it is both
Bitcoin have proven it worth and had solved many issue,
from serving of main purpose of creation:
Payments without a third party involvement, as such it is to the holder what they feel it is.
from serving of main purpose of creation:
Payments without a third party involvement, as such it is to the holder what they feel it is.
For me, it is still early. Even though it is more than a decade, people are not seeing its worth and not really serving its purpose since it is treated as an asset right now and not an electronic cash that ia fully peer to peer. People are holding it for the sake of manipulating the price to go higher.
I don't even think that most people are using it as a payment but they use it since it has a value.
Bitcoin have proven it worth and had solved many issue,
from serving of main purpose of creation:
Payments without a third party involvement, as such it is to the holder what they feel it is.
from serving of main purpose of creation:
Payments without a third party involvement, as such it is to the holder what they feel it is.
Tbh, I once believed (and wanted to believe) for it to be something that can massively turn around and reset the financial system. As time goes by, I just wanted it as a tool that works whenever people need it to, and there's nothing wrong with it because it's a tool to be used anyway, and people in all walks of life have found different uses ofr bitcoin ranging from something good to very evil. Some fanatics and die-hard supporters of bitcoin is romanticizing it to the extent that they could not accept any other alternatives anymore, and that IMO isn't something good. Bitcoin was created by Satoshi as an alternative for people who can't go and use banks, and so by neglecting innovation and possible alternatives, maximalists are already neglecting the fact that bitcoin in itself is also an alternative.
Call it whatever you guys want. As long as bitcoin serves its purpose to those people who use it, it's fine by my books.
Call it whatever you guys want. As long as bitcoin serves its purpose to those people who use it, it's fine by my books.
Many countries absolutely banned Bitcoin when they realized that it was a threat to their local currencies. Bitcoin survived in countries where they defined it as a commodity and not as a currency.
"many" is an overstatement. i have only heard about 2 or maybe 3 countries that have absolutely banned bitcoin the rest of the 190 or so countries have not!
many countries actually haven't taken any kind of firm stance about bitcoin whether for it or against it. they remain mostly undecided and have allowed it to run its course for now.
some countries have actually accepted it as a currency and have been happy about it.
some countries have called it weird things like commodity, security,... and it was mainly for tax purposes not an agenda.
Ok, this is absolute BS.... Bitcoin was banned in most countries for a very long time... and governments was very hostile towards it. Things only changed a little in the last 6 years or so.. https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
The tax on bitcoin is not a problem at all... most currencies are taxed with some kind of VAT system... so it is not hard to tax it at all.... it gets tricky when you tax it as a commodity, because capital gains comes into play and also losses incurred in trading. (this makes the tax process more complex)
You have to put a little bit more effort into your posts for the highest paying signature campaign on this forum my friend.
i think you need to go and take a look at the link you posted here yourself. i counted and there are only 7 cases listed as "illegal" which still doesn't count as "many" when it is out of 190+ countries.
you can also look at the map for a fast visualization. hint: the red is ban cases:
keep in mind that being hostile toward something is not the same as "banning" it and also banks being legally prohibited to invest in bitcoin or the banks prohibiting their users from using their services to buy bitcoin is not called "banned" bitcoin. my bank doesn't let me do certain legal things with my money either but that doesn't mean those things are banned. banks don't set the law they can only define what kind of services they offer and don't offer.
as for taxes i didn't say it was a problem, i said their definition is like that for tax purposes because it is easier to tax a commodity,... than to tax a currency.
I see you only joined this forum in 2016, so I do not know if you knew that back in the day... most Bitcoiners (even in the USA) wanted to be totally anonymous... because Bitcoin was a NO NO back then... and that is the point I was wanting to make. Some of the largest countries battled with the concept and they were very hostile towards the Bitcoiners out there. (That includes Rusia / India / China / Vietnam / Bolivia / Columbia and Ecuador.
https://www.investopedia.com/articles/forex/041515/countries-where-bitcoin-legal-illegal.asp
https://cointelegraph.com/news/countries-that-first-outlawed-crypto-but-then-embraced-it
https://en.wikipedia.org/wiki/History_of_bitcoin
How is VAT more difficult to implement, than Capitals Gains taxes? (I am starting to rumble now, because I am as tired as a dead dog now... let's talk again tommorow.)
Did Bitcoin just evolve to satisfy the masses or was the whole project hijacked by the Puppet masters from the traditional Fiat system to stop the revolution and the inevitable change of money as we know it?
What a strange question, Bitcoin didn't fundamentally change from what was created by Satoshi, the structure of the network, the roles, the principles, it's all still the same. And Bitcoin doesn't have any puppet masters, the nodes are controlled by the community, the code is developed by hundreds of contributors. Nothing can force you to use centralized exchanges instead of alternatives like DEXs, p2p trading, Bitcoin ATMs and so on.
Bitcoin is the revolution. It revolutionized peer to peer payment and a decentralized ledger without a middlemen.
Bitcoin is not exactly what satoshi made and not exactly what anyone wants. It's a compromise so that the largest group of people would still trust and love it. Bitcoin may not always be as popular as it is but it would always be the one that started this revolution.
Bitcoin is not exactly what satoshi made and not exactly what anyone wants. It's a compromise so that the largest group of people would still trust and love it. Bitcoin may not always be as popular as it is but it would always be the one that started this revolution.
~
Bitcoin is freedom, independence from control and 100% transparent and predictable. That is universally appealing to most people regardless of who or what they are. Most...doubt it...
You're going to be surprised how many people around the world, and not only Japan don't believe in the same freedom without control, for some cultures and for some people there is the need of an authority that can judge and force people to obey the laws, an authority with complete control that can impose at any point the views and laws of the majority. For some total freedom without a god-like authority is scarier than a dictatorship, many associate it with chaos rather than freedom.
Not only for Japanse but even for some Europeans, this idea where you're the only one responsible for your action, that everything you do is set in stone, that you can't revert things, that there is nobody to complain to makes BTC quite scary, that's why a lot of the ones tempted to try it go through 3rd party services, store their coin on web wallets, they need someone in charge as they run from responsibilities.
Did Bitcoin just evolve to satisfy the masses or was the whole project hijacked by the Puppet masters from the traditional Fiat system to stop the revolution and the inevitable change of money as we know it?
Bitcoin is what its users choose it to be.
The majority of people don't care about its principles or don't understand them. Luckily there are enough people who keep those qualities alive because one day they might be vital.
People usually attempt to bend something new to fit in with what they're comfortable with already. It takes quite some time to get beyond that and let the underlying innovations flourish.
It's far too early to decide whether it's compromised or on its way. These have all been phases we're passing through.
Many countries absolutely banned Bitcoin when they realized that it was a threat to their local currencies. Bitcoin survived in countries where they defined it as a commodity and not as a currency.
"many" is an overstatement. i have only heard about 2 or maybe 3 countries that have absolutely banned bitcoin the rest of the 190 or so countries have not!
many countries actually haven't taken any kind of firm stance about bitcoin whether for it or against it. they remain mostly undecided and have allowed it to run its course for now.
some countries have actually accepted it as a currency and have been happy about it.
some countries have called it weird things like commodity, security,... and it was mainly for tax purposes not an agenda.
Ok, this is absolute BS.... Bitcoin was banned in most countries for a very long time... and governments was very hostile towards it. Things only changed a little in the last 6 years or so.. https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
The tax on bitcoin is not a problem at all... most currencies are taxed with some kind of VAT system... so it is not hard to tax it at all.... it gets tricky when you tax it as a commodity, because capital gains comes into play and also losses incurred in trading. (this makes the tax process more complex)
You have to put a little bit more effort into your posts for the highest paying signature campaign on this forum my friend.
i think you need to go and take a look at the link you posted here yourself. i counted and there are only 7 cases listed as "illegal" which still doesn't count as "many" when it is out of 190+ countries.
you can also look at the map for a fast visualization. hint: the red is ban cases:
keep in mind that being hostile toward something is not the same as "banning" it and also banks being legally prohibited to invest in bitcoin or the banks prohibiting their users from using their services to buy bitcoin is not called "banned" bitcoin.
as for taxes i didn't say it was a problem, i said their definition is like that for tax purposes because it is easier to tax a commodity,... than to tax a currency.
Many countries absolutely banned Bitcoin when they realized that it was a threat to their local currencies. Bitcoin survived in countries where they defined it as a commodity and not as a currency.
"many" is an overstatement. i have only heard about 2 or maybe 3 countries that have absolutely banned bitcoin the rest of the 190 or so countries have not!
many countries actually haven't taken any kind of firm stance about bitcoin whether for it or against it. they remain mostly undecided and have allowed it to run its course for now.
some countries have actually accepted it as a currency and have been happy about it.
some countries have called it weird things like commodity, security,... and it was mainly for tax purposes not an agenda.
Ok, this is absolute BS.... Bitcoin was banned in most countries for a very long time... and governments was very hostile towards it. Things only changed a little in the last 6 years or so.. https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
The tax on bitcoin is not a problem at all... most currencies are taxed with some kind of VAT system... so it is not hard to tax it at all.... it gets tricky when you tax it as a commodity, because capital gains comes into play and also losses incurred in trading. (this makes the tax process more complex)
You have to put a little bit more effort into your posts for the highest paying signature campaign on this forum my friend.
i think you need to go and take a look at the link you posted here yourself. i counted and there are only 7 cases listed as "illegal" which still doesn't count as "many" when it is out of 190+ countries.
you can also look at the map for a fast visualization. hint: the red is ban cases:
keep in mind that being hostile toward something is not the same as "banning" it and also banks being legally prohibited to invest in bitcoin or the banks prohibiting their users from using their services to buy bitcoin is not called "banned" bitcoin. my bank doesn't let me do certain legal things with my money either but that doesn't mean those things are banned. banks don't set the law they can only define what kind of services they offer and don't offer.
as for taxes i didn't say it was a problem, i said their definition is like that for tax purposes because it is easier to tax a commodity,... than to tax a currency.
And another problem with the so-called principles, it's damn hard to apply them all over the world, different cultures, beliefs, economies, for a lot of people around the world what some tell here about control, libertarian views is total nonsense.
Bitcoin is freedom, independence from control and 100% transparent and predictable. That is universally appealing to most people regardless of who or what they are.
Libertarians are free to latch on to that just as much as any other political persuasion. It's open to all.
I remember Roger Ver, pre meltdown, talking about the reception of his ideas as he went around the world in his early evangelising. The one and only place where its ideas weren't universally approved of after his elevator pitch was Japan where most people who pondered it declared it scary.
So in the early years of Bitcoin's history we saw a lot of people pushing the "Bitcoin is a Revolution" agenda. We know it's origin came from Satoshi Nakamoto posting that his project was a electronic cash system that's fully peer-to-peer, with no trusted third party.
In the beginning this was a technological revolution and a breakthrough that would change the future of Money. "Bitcoin: A Peer-to-Peer Electronic Cash System"
Hidden in the Genesis block was a reference to this : "The Times 03 Jan 2009 - Chancellor on Brink of second bailout for Banks", so it is just natural to think that it might spark a revolution.
Libertarians and Anarchists was all over this and when PayPal stopped processing donations to Wikileaks and credit card companies stopped processing Backpage.com payments, Bitcoin stepped in to help.
Third party services took notice and regulated third parties entered the scene to try to bring some order and also to bend over to government pressure or just to make a quick buck.
Did Bitcoin just evolve to satisfy the masses or was the whole project hijacked by the Puppet masters from the traditional Fiat system to stop the revolution and the inevitable change of money as we know it?
That's an interesting question, not even in relation to Bitcoin, but in general. Namely, do revolutions ever happen? I've encountered many cases in which something that was called revolutionary was actually building up on various ideas if the past. In philosophy, Schopenhauer was sort of revolutionary, but in fact he was deeply influenced by a classical philosopher Kant. In politics, the communist revolution was influenced by Marx who, in turn, was influenced by Hegel in his youth.In the beginning this was a technological revolution and a breakthrough that would change the future of Money. "Bitcoin: A Peer-to-Peer Electronic Cash System"
Hidden in the Genesis block was a reference to this : "The Times 03 Jan 2009 - Chancellor on Brink of second bailout for Banks", so it is just natural to think that it might spark a revolution.
Libertarians and Anarchists was all over this and when PayPal stopped processing donations to Wikileaks and credit card companies stopped processing Backpage.com payments, Bitcoin stepped in to help.
Third party services took notice and regulated third parties entered the scene to try to bring some order and also to bend over to government pressure or just to make a quick buck.
Did Bitcoin just evolve to satisfy the masses or was the whole project hijacked by the Puppet masters from the traditional Fiat system to stop the revolution and the inevitable change of money as we know it?
When it comes to cryptos, there was Hayek for theoretical background and Chaum with ecash as a practical implementation.
So any revolutionary idea is probably not that revolutionary if you know the context.
Ok, this is absolute BS.... Bitcoin was banned in most countries for a very long time... and governments was very hostile towards it.
Nope, yours is absolutely false.
You claim BTC was banned in most countries for a long time, so please make a list of those countries, which by definition must be the majority so at least 100 in which Bitcoin was BANNED not a very long time ago.
Bitcoin is what its users choose it to be.
The majority of people don't care about its principles or don't understand them.
The majority of people don't care about its principles or don't understand them.
Principles stop being important when your stomach screams hunger!
That's why we have imbeciles ruling poor countries for decades, that's why we have a lot of shits happening all over the world.
Because at the end of the day people draw a line, and when the only benefit is hope in some possible future for things to change and the other is immediate gain and relief of troubles, guess what they will choose.
And another problem with the so-called principles, it's damn hard to apply them all over the world, different cultures, beliefs, economies, for a lot of people around the world what some tell here about control, libertarian views is total nonsense.
Many countries absolutely banned Bitcoin when they realized that it was a threat to their local currencies. Bitcoin survived in countries where they defined it as a commodity and not as a currency.
"many" is an overstatement. i have only heard about 2 or maybe 3 countries that have absolutely banned bitcoin the rest of the 190 or so countries have not!
many countries actually haven't taken any kind of firm stance about bitcoin whether for it or against it. they remain mostly undecided and have allowed it to run its course for now.
some countries have actually accepted it as a currency and have been happy about it.
some countries have called it weird things like commodity, security,... and it was mainly for tax purposes not an agenda.
Ok, this is absolute BS.... Bitcoin was banned in most countries for a very long time... and governments was very hostile towards it. Things only changed a little in the last 6 years or so.. https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
The tax on bitcoin is not a problem at all... most currencies are taxed with some kind of VAT system... so it is not hard to tax it at all.... it gets tricky when you tax it as a commodity, because capital gains comes into play and also losses incurred in trading. (this makes the tax process more complex)
You have to put a little bit more effort into your posts for the highest paying signature campaign on this forum my friend.
People are interested in currency technology instead of bitcoin In fact, blockchain technology is thought to be capable of revolutionizing many areas bitcoin is like any other currency that can be used as a payment. The difference is that it is digital but in this modern century everything will be the perfect monetization of digitized. Paying with Bitcoin is like filling a block that records the payment data everyone should remember that this technology is still very perfect and in the process of development. Blockchain technology is capable of bringing about revolutionary change with time and proper evolution.
Perfect statement @gentlemand! That's definitely it!
Bitcoin has definitely started as a revolution and with a pro-government agenda. But it has quickly evolved as a "get rich quick" scheme for majority. We have seen the height of "get rich quick" sentiments around bitcoin back in 2018 when the price reached ATH.
So one can't say if it's a revolution or evolution really! It's probably both and even more at times! I mean, it's impossible and bit stupid to classify bitcoin when it's just 11 years old. We don't yet know the possibilities that may come our way in future, it's endless!
Bitcoin has definitely started as a revolution and with a pro-government agenda. But it has quickly evolved as a "get rich quick" scheme for majority. We have seen the height of "get rich quick" sentiments around bitcoin back in 2018 when the price reached ATH.
So one can't say if it's a revolution or evolution really! It's probably both and even more at times! I mean, it's impossible and bit stupid to classify bitcoin when it's just 11 years old. We don't yet know the possibilities that may come our way in future, it's endless!
Many countries absolutely banned Bitcoin when they realized that it was a threat to their local currencies. Bitcoin survived in countries where they defined it as a commodity and not as a currency.
"many" is an overstatement. i have only heard about 2 or maybe 3 countries that have absolutely banned bitcoin the rest of the 190 or so countries have not!
many countries actually haven't taken any kind of firm stance about bitcoin whether for it or against it. they remain mostly undecided and have allowed it to run its course for now.
some countries have actually accepted it as a currency and have been happy about it.
some countries have called it weird things like commodity, security,... and it was mainly for tax purposes not an agenda.
I think it definitely started off with libertarian and anti establishment motives . As well as what was put in the Genesis block , Satoshi definitely had anti banking ideas - quote from Satoshi - “ Yes, but we can win a major battle in the arms race and gain a new territory of freedom for several years“.
But unfortunately human behaviour- notably greed has taken over now . I don’t think any governments or old puppet masters are involved , it’s a new breed of get rich establishments/individuals who are utilising their new found wealth for their own purposes .
But unfortunately human behaviour- notably greed has taken over now . I don’t think any governments or old puppet masters are involved , it’s a new breed of get rich establishments/individuals who are utilising their new found wealth for their own purposes .
Whether it was due to the hijacking of the powerful elites or not, that is still considered an evolution.
But, make no mistake, it wasn't Bitcoin per se which actually changed. It was how people or businesses handle Bitcoin. Bitcoin remains as is. The thing which evolves are those which are incidental to Bitcoin like how it is being treated right now.
But, make no mistake, it wasn't Bitcoin per se which actually changed. It was how people or businesses handle Bitcoin. Bitcoin remains as is. The thing which evolves are those which are incidental to Bitcoin like how it is being treated right now.
Did Bitcoin just evolve to satisfy the masses or was the whole project hijacked by the Puppet masters from the traditional Fiat system to stop the revolution and the inevitable change of money as we know it?
Bitcoin is what its users choose it to be.
The majority of people don't care about its principles or don't understand them. Luckily there are enough people who keep those qualities alive because one day they might be vital.
People usually attempt to bend something new to fit in with what they're comfortable with already. It takes quite some time to get beyond that and let the underlying innovations flourish.
It's far too early to decide whether it's compromised or on its way. These have all been phases we're passing through.
Do you think it is impossible that the new thinking was not engineered to favor the governments agenda? Many countries absolutely banned Bitcoin when they realized that it was a threat to their local currencies. Bitcoin survived in countries where they defined it as a commodity and not as a currency.
Do you think this happened on it's own... or was this forced behavior? Lately, most people see Bitcoin as some kind of super investment option with "Get rich quick" properties.
I think most people lost the ability to think for themselves, because the system/government are thinking for them now.
Did Bitcoin just evolve to satisfy the masses or was the whole project hijacked by the Puppet masters from the traditional Fiat system to stop the revolution and the inevitable change of money as we know it?
Bitcoin is what its users choose it to be.
The majority of people don't care about its principles or don't understand them. Luckily there are enough people who keep those qualities alive because one day they might be vital.
People usually attempt to bend something new to fit in with what they're comfortable with already. It takes quite some time to get beyond that and let the underlying innovations flourish.
It's far too early to decide whether it's compromised or on its way. These have all been phases we're passing through.
So in the early years of Bitcoin's history we saw a lot of people pushing the "Bitcoin is a Revolution" agenda. We know it's origin came from Satoshi Nakamoto posting that his project was a electronic cash system that's fully peer-to-peer, with no trusted third party.
In the beginning this was a technological revolution and a breakthrough that would change the future of Money. "Bitcoin: A Peer-to-Peer Electronic Cash System"
Hidden in the Genesis block was a reference to this : "The Times 03 Jan 2009 - Chancellor on Brink of second bailout for Banks", so it is just natural to think that it might spark a revolution.
Libertarians and Anarchists was all over this and when PayPal stopped processing donations to Wikileaks and credit card companies stopped processing Backpage.com payments, Bitcoin stepped in to help.
Third party services took notice and regulated third parties entered the scene to try to bring some order and also to bend over to government pressure or just to make a quick buck.
Did Bitcoin just evolve to satisfy the masses or was the whole project hijacked by the Puppet masters from the traditional Fiat system to stop the revolution and the inevitable change of money as we know it?
In the beginning this was a technological revolution and a breakthrough that would change the future of Money. "Bitcoin: A Peer-to-Peer Electronic Cash System"
Hidden in the Genesis block was a reference to this : "The Times 03 Jan 2009 - Chancellor on Brink of second bailout for Banks", so it is just natural to think that it might spark a revolution.
Libertarians and Anarchists was all over this and when PayPal stopped processing donations to Wikileaks and credit card companies stopped processing Backpage.com payments, Bitcoin stepped in to help.
Third party services took notice and regulated third parties entered the scene to try to bring some order and also to bend over to government pressure or just to make a quick buck.
Did Bitcoin just evolve to satisfy the masses or was the whole project hijacked by the Puppet masters from the traditional Fiat system to stop the revolution and the inevitable change of money as we know it?
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