Topic: BitCoin: Too Big to Fail? or Too Big to Jail? - FED Goes Full Retard or Ponzi? (Read 244 times)

But that China does have most of the hash power and hence most of the daily produced Bitcoin is no surprise. It is a huge country with cheap electricity in many places and they, at least I think so, are also the major players in micro chip production. Isn't it almost self-evident that they have the lead in total hash power?

The problem here is that China is not mining all the BTCitcoin that is created per day as there are miners elsewhere in the world as well and around 60% of the total hash rate of BTCitcoin comes from China but the rest 40% of the hash rate is created from other parts of the world.
The things you have in mind is a good FOMO that can be rewritten as an article and expect that you could invest in it once the valuation reaches your targeted entry point .

it is too reckless to say Bitcoin is a Ponzi, you are just being laughed at by many people, if it is a Ponzi then his fate will not be this extraordinary. Think back, and why are you still here with a Bitcoin Ponzi? and why do you use the name "btc" in your account. You must have spent Charles Ponzi at the Greek cemetery.

well, simply like this, if Bitcoin is a Ponzi, then who is the head who gets the big bonus? Satoshi Nakamoto? when do we use the reference code? when are we required to invite a lot of people so that we have a bonus for that?

Bitcoin is a true asset that is not controlled by anyone or any country, so please don't publish your negative personal opinion about bitcoin, because it can make doubts beginners who want to know about bitcoin, but for those of us who already understand bitcoin, we will not be affected by your negative things about bitcoin, because we are true fighters no matter what happens we will never run ..

You got it wrong where you said that bitcoin is completely controlled by the Chinese, there’s no truth, and it made me wonder if you did your research at all before making this post.

China doesn’t have any control over bitcoin, they may have lots of miners, but they don’t have the control to say what happens, and moreover there are now lots of miners coming up from other countries and they are all able to compete with the miners from Chinese. And finally the government don’t have any kind of control on cryptocurrency, they don’t say what happens here, the community is totally independent and doesn’t have any one controlling it.

Bitcoin is bigger than banks?  



Do we have a few zeros in the derivatives exposure column.

Stablecoins like tether are required to have a larger proportional reserve than fractional reserve banks around the world. Which could be an interesting point. If anyone were interested in points these days.




One of the first moves the Trump administration made post 2016 was eliminating tax credits and subsidies previously offered for buying one of Elon Musk's electric cars. Musk hasn't been a recipient of crony capitalism under the fed.. On the contrary short sellers have tried to murder tesla stock on at least two separate occasions.

The SEC, fed and others have tried to lockdown Elon Musk. Under multiple investigations and attempts to undermine Musk's authority at TSLA. Not to mention the numerous smear attempts and hit pieces published by the media.

the publication of personal opinions is only for their own benefit. With many followers and having a large enough influence, of course, many will speculate about the opinions that are issued. They can manage everything, organize their community so that it can be accepted by many people. All their nonsense will even come true.

If you're only capable of looking at something from the perspective of "Planet America - Centre of the known universe, around which all other entities revolve"  ( ), then it stands to reason you're only getting a fraction of the true picture.  Try opening your mind a little.

OP, I believe the Central Bankers want inter-operability for their CBDC to work as a replacement for their legacy systems. I wish a pseudonymous developer invented a permissionless, decentralized ledger that they can use for their digital fiat. The current valuation of 1 trillion for Bitcoin is small.

This is how they wanted to confuse people when it comes to their own understanding of Bitcoins. since they wanted to publish their personal opinion, they think posting it in this community will give them enough audiences to support their theories. well, that's not the case. people know what they're doing and you cannot conclude everything about what you are thinking especially things about money. you may prevent someone from chasing their dreams and make it come through just to support your personal opinion.

Wow a lot of good points I can agree with here. Especially, those three main ones. We're living in a Post-human world everything is being consolidated. However, I slightly agree but mostly disagree with you on "China mines all the BTC". The reason why is other people decentralized in many different countries mine BTC. What about Iceland, Russia, Europe and Brazil or other places where energy is cheap and an individual attempts to mine BTC? So if China were to pull out of mining BTC in my opinion all this would do is stymie the next block mined by the miners still involved in BTC mining. If China were to stop selling components and controlled the entire electronics market then your points would be valid but if they stopped selling components then people would look for alternative means to get what they want (make their own BTC miners). The only realistic way that China could even hold the world in financial ransom concerning BTC would be to kill the electrical power grids of the whole world except for China themselves. So long story, short there is no stopping BTC. What you are inferring here in your bottom passage is if we consider BTC an internet provider and this provider loses a major backbone center (China) and would therefore rely upon an older backup (the rest of the world) as the consequence would be a slower internet connection (slower block creation due to the loss of China as miner would be the only consequence).  

Anyway, funny question... Are you Luka Magnotta?

https://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/

With all of those words you've said, this is what I like partly. Bitcoin isn't soaking all the fiat in the world, there's a division between fiat and bitcoin and it can't just absorb all the money in the world unless the majority of the countries agree to get into bitcoin and we're all going to transact through satoshis or bits.

And as for the market cap with that high, let's cross our fingers and see that happen gradually.

Credit for these massive statistics goes to bitcoin community who has spent their time and energy in this digital asset along with their trust for over a decade. 1 trillion USD is not what BTC can achieve maximum, there is no final conclusion about at what maximum BTC will stop.

I don't understand what you mean, giving statements that lead to opinions so that the public who is just starting out in the Crypto world feel doubtful. But my advice is to understand especially about a decentralized system, because basically Bitcoin is a true asset that is not regulated by anyone.

1. China does not mine all the Bitcoins. You are wrong on this. Stop this China FUD already. Even if the entire China would drown tomorrow morning, I can assure you that Bitcoin would still be alive 100 years from now.

2. If you think Bitcoin would not only go towards $100 trillion but also higher than that, even reaching $1 quadrillion, then stop blabbering already and buy some. You will not only be happy about it, you'd also become free.

This dude has been trying to criticize bitcoin over the past few days with conspiracy-bait theories like this. I don't think he's really looking for discussion. Just like the pasts troll accounts who tried to vent their frustration because they failed to take profits on BTC.

It's clear as day that OP doesn't really understand how the network works at all.

Comparing Bitcoin to companies is a bit of an odd comparison, but I get your point. However, you also wouldn't compare UBS to the Swiss Franc. Let's compare Bitcoin to the USD and we may come to the realization that there is a lot of room for Bitcoin to grow!

How is bitcoin Ponzi though, just because the new user doesn't get a lot of profit compared to the older users, it becomes a Ponzi, I don't know how you look at it but stock market works like that too and they are not a Ponzi, is there something unique to bitcoin that it is the only one that we consider a Ponzi? Well, everyone wants to win and if you stay with someone that loses then you won't get that far, I think it is human instinct to go with the winner.

I have two questions for you:
 1. Why call it a ponzi?
 2. Why do you keep repeating that China has control over Bitcoin when there is clearly zero evidence to sustain your point? No "exits" have been closed for the West or any other part of the world ever before and any attempt of control has one, very strong counter-attack: HARD FORK.

China is becoming a global superpower. They clearly produce so much cheap stuff that they can afford to own the majority of the hashrate. If and when they ever plan on being malicious for the network, the devs simply pull them out of it. Simple as that, because it's open source..

I don't know what you hope to achieve by opening so many posts, but you are certainly not succeeding. Also: get your facts straight. You might as well open a post criticizing Bitcoin to death as open a post like this one.

As for what you say, yes, it is too big to fail, and as it will continue to grow, even more. A time has come when governments and central banks have little room for maneuver with respect to Bitcoin.

https://www.inbitcoinwetrust.net/is-bitcoin-btc-now-too-big-to-fail-fcefcdd7b894

With a market cap of over $1.1 trillion, Bitcoin now weighs more than the combined market cap of the four largest U.S. banks:

    JPMorgan — $461B
    Bank of America — $334B
    Wells Fargo — $174B
    Morgan Stanley — $151B

Bitcoin also exceeds the combined market cap of payment giants Visa ($483B) and Mastercard ($383B).


Fascinating, BTC maybe slower and more expensive than Visa to do a transactions, but its more valuable than largest company on earth that processes credit-card transactions.

Finally, Bitcoin has surpassed the market cap of all publicly traded companies except the MAGA (Microsoft, Apple, Google, Amazon) and Saudi Aramco.

In short, Bitcoin is a giant among midgets.

...

So there you have it, Bitcoin is now bigger than Banking combined, and bigger than any stock market scam. Today all the banks & companys are joining the BTC bandwagon.

What could go wrong?


Bitcoin does not need governments and central banks to survive


Well sure it doesn't it doesn't until it does, then the FED steps in to bail out all the pension & 401k that got lost. Just like always, the FED doesn't allow capitalism to work, it perpetuates crony capitalism, where MUSK is kept alive, and say an unlucky business is destroyed because it doesn't belong to the inner circle 'club'.


It's here now, like it or not. With the COVID infusion of cash, and stimmy-checks, BTC has gone to the moon wrt to the USA economy. It's now a major part, and if BTC took say a 90% decline today, like 2017, it would wipe much of the USA economy.

Because BTC soaks up all the FIAT on earth, it could not only go to $100T, it could go to $1 Quad-rillion;

Somebody at some point must step back and say? Is it rational to have the worlds wealth tied up into an 'unknown' ponzi? Nobody asks that question, because all aboard to get on the Musk Train to infinity.

We are out far on a tenuous branch these days, in an area on unknown.

In America, everybody loves a winner, everybody despises a loser.

All politicians are onboard, in their biz, money is the blood of politics, and Bitcoin now has all the money.

The emperor has no clothes, indeed but who is going to step forward and condemn a winner? Nobody.

In spite of all this, this huge capitalization of BITCOIN, the enormous amount of money that people have re-directed out of productivity into virtuality.

Much of this is the old story,

1.) first they sent all our jobs to China
2.) then they had us do all our shopping from Walmart, where everything was made in China
3.) then they told us to put all our money in Chinese Banks (BITMAIN/ANT/ANTPOOL) and HODL

( critical here to remember, China mines all the BTC, miners decide which transactions go on the block-chain; a flip of the switch on software and china could turn off all exits for the west, only leaving the east with the ability to 'exit', this alone, and this alone and why its not even discussed as national emergency situation is telling; that COVID & the RESET  are all part of this engineered take-down of the USA economy )
What happens next?