Bitcoins and Bankers - page 7. | Bitcointalksearch.org

sir.humus

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Quote from: freebutcaged on June 08, 2017, 08:07:13 AM

Quote from: BullCreek on June 08, 2017, 03:46:53 AM

Bitcoin is SHA-256 which was made by the NSA

Bullshit, stop giving them so much credit for things they never were involved, SHA-256 is an algorithm which works by mathematics and has nothing

To do with US national security agency, we know US is an advanced and a technological super power giant but this is different, I'd say they are doing

The opposite of keeping their people fat and safe if they were actually behind Bitcoin and blockchain technology, if you have doubts then either buy

As many as you can afford to or get out before they come for you Cool

.

Bitcoin is using the internet which was invented by the US army!!!!

so what? you can use SHA-256 to encrypt everything you want, the mathematic is well known.
banks and govs will wait until they're sure in the success of bitcoin, and then will jump on the train.
and it will be too late to ruin it.

freebutcaged

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Quote from: BullCreek on June 08, 2017, 03:46:53 AM

Bitcoin is SHA-256 which was made by the NSA

Bullshit, stop giving them so much credit for things they never were involved, SHA-256 is an algorithm which works by mathematics and has nothing

To do with US national security agency, we know US is an advanced and a technological super power giant but this is different, I'd say they are doing

The opposite of keeping their people fat and safe if they were actually behind Bitcoin and blockchain technology, if you have doubts then either buy

As many as you can afford to or get out before they come for you Cool

.

Betwrong

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I stand with Ukraine.

Quote from: diegodog on June 07, 2017, 05:03:07 PM

Hello All,

I'm new to crypto but not new to the banking/gov game.

What are you thoughts on the bankers/gov potentially controlling Bitcoin behind the scenes putting on a show oh how they are concerned about it?

They can print the fiat to buy bitcoins.
~

Thoughts?

If they print the fiat to buy Bitcoins and would try to buy most of BTC the price would skyrocket to such height that they will run out of paper and paint for the newly printed money. In other words, that's impossible to do and they know it. The only thing they can do to survive in the future world is adopting a crypto which will be convenient for them to use, like Ripple for example, but they can never control Bitcoin.

ethereumhunter

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i am sure that the banker have the power to print fiat but i don't think that they will print more that will be over the plan because if they do this, they only make fiat getting inflasion because there are too many fiat that is available the country and the value of the fiat will be down. if the banker wants to buy bitcoin, i think they can directly buy with their own money in the market exchanges.

btcney

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The thing is that bitcoin cannot be created beyond the limit of 21 million. To incraese the limit a fork must be done first and if a fork is initiated to create that version of bitcoin where there is no maximum amount, then it's not really bitcoin anymore.

If the NSA does have backdoors to our devices, bitcoin can still have security, as long as you do everything offline. It'll be difficult for bitcoin to survive if the NSA does launch an attack of btc but they don't have any reasno to do so at least yet.

And if the government decides to print fiat to buy bitcoin, then the price of bitcoin will rise and holders will benefit.

BullCreek

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Bitcoin is SHA-256 which was made by the NSA

Idrisu

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Quote from: diegodog on June 07, 2017, 05:03:07 PM

Hello All,

I'm new to crypto but not new to the banking/gov game.

What are you thoughts on the bankers/gov potentially controlling Bitcoin behind the scenes putting on a show oh how they are concerned about it?

They can print the fiat to buy bitcoins.
Its the electronic money/world currency they are so thirsty for.
The NSA has supposedly a back door to all our devices.

I think if bitcoin is the new banker currency it will explode higher as 7.5 billion people vs 21 million bitcoins means $$$$ to the early holders.
If Bitcoin is the alternative to the bankers/gov then it will explode higher as well due to the high percentage of people who want to be free from them.

Anyone who has attempted to not use the dollar Ghadaffi (gold Dinar) - Saddam (oil for Euros) have met a swift end.

Why are they not stopping (possible jail threats) it when they have shown they will go to extreme measures to stop competition.

Either way I see it going higher i'm just trying to get my head around why it has not been stopped.

Thoughts?

I think at the back end many Banker are buying bitcoin using fiat to have a stakes and then in future has control over bitcoin and crypto currencies. I keep on telling people that the best time to buying bitcoin is now as bitcoin is not even in the bubble yet.

VanDeinsberg12

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Quote from: diegodog on June 07, 2017, 05:03:07 PM

Hello All,

I'm new to crypto but not new to the banking/gov game.

What are you thoughts on the bankers/gov potentially controlling Bitcoin behind the scenes putting on a show oh how they are concerned about it?

They can print the fiat to buy bitcoins.
Its the electronic money/world currency they are so thirsty for.
The NSA has supposedly a back door to all our devices.

I think if bitcoin is the new banker currency it will explode higher as 7.5 billion people vs 21 million bitcoins means $$$$ to the early holders.
If Bitcoin is the alternative to the bankers/gov then it will explode higher as well due to the high percentage of people who want to be free from them.

Anyone who has attempted to not use the dollar Ghadaffi (gold Dinar) - Saddam (oil for Euros) have met a swift end.

Why are they not stopping (possible jail threats) it when they have shown they will go to extreme measures to stop competition.

Either way I see it going higher i'm just trying to get my head around why it has not been stopped.

Thoughts?

So, do you think if the bank can be printed the money with ridiculous thing such as to buy bitcoin and make a domination for it? That didn't make sense.

They can't be printed the money every time. because it makes the country gets big inflation due to the massive printed of paper money.

that makes the flat rate will drop a lot.

Janation

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Quote from: diegodog on June 07, 2017, 05:03:07 PM

Hello All,

I'm new to crypto but not new to the banking/gov game.

What are you thoughts on the bankers/gov potentially controlling Bitcoin behind the scenes putting on a show oh how they are concerned about it?

They can print the fiat to buy bitcoins.
Its the electronic money/world currency they are so thirsty for.
The NSA has supposedly a back door to all our devices.

I think if bitcoin is the new banker currency it will explode higher as 7.5 billion people vs 21 million bitcoins means $$$$ to the early holders.
If Bitcoin is the alternative to the bankers/gov then it will explode higher as well due to the high percentage of people who want to be free from them.

Anyone who has attempted to not use the dollar Ghadaffi (gold Dinar) - Saddam (oil for Euros) have met a swift end.

Why are they not stopping (possible jail threats) it when they have shown they will go to extreme measures to stop competition.

Either way I see it going higher i'm just trying to get my head around why it has not been stopped.

Thoughts?

"Thay are printing fiats to buy bitcoin"?, that is ridiculous. So you are saying they can just print money whenever they want? Do you know that the government pays for the money they are printing? And if they print more money, then the value of they're currency will go down, and they won't like that. And they can't control bitcoin, no one does.

AltcoinAuthority

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Quote from: diegodog on June 07, 2017, 05:03:07 PM

Hello All,

I'm new to crypto but not new to the banking/gov game.

What are you thoughts on the bankers/gov potentially controlling Bitcoin behind the scenes putting on a show oh how they are concerned about it?

They can print the fiat to buy bitcoins.
Its the electronic money/world currency they are so thirsty for.
The NSA has supposedly a back door to all our devices.

I think if bitcoin is the new banker currency it will explode higher as 7.5 billion people vs 21 million bitcoins means $$$$ to the early holders.
If Bitcoin is the alternative to the bankers/gov then it will explode higher as well due to the high percentage of people who want to be free from them.

Anyone who has attempted to not use the dollar Ghadaffi (gold Dinar) - Saddam (oil for Euros) have met a swift end.

Why are they not stopping (possible jail threats) it when they have shown they will go to extreme measures to stop competition.

Either way I see it going higher i'm just trying to get my head around why it has not been stopped.

Thoughts?

I am not a fan of Bankers working on their Blockchain’s and not supporting the whole Bitcoin network. If those Bankers would have supported Bitcoin and Bitcoin’s Blockchain then the price of Bitcoin would be really expensive. I don’t really know what these Bankers are talking about these days, just a bunch of banter.

bitcoinvestor

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Bitcoin is uncontrolled currency. No banking can fixes the bitcoin price. It is really based on market. That's what bankers fear of bitcoin. Bitcoin will be a threat to banking industries. Banking needs to adopt blockchain to survive. If not , when the cryptoworld become stronger, I am sure all world economic will be shaken mainly banking and financial industries. Ones who hold strong cryptos like BTC and eth and others will win the game. So, keep your bitcoin or cryptocurrency you hold now. You will see 2025 will be owned by cryptocommunities. And the world will change, bankers not to be rich people but cryptocummunity will replace the position.

mrcash02

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They can print fiat to buy Bitcoins, but it would be the ruin of the country's economy... I think no one government will try to do it. I think they will go for another way, by trying to regulate Bitcoin, taking fees over transactions and lowering our individual profit.

If they can take an interesting amount of BTCs over our transactions and ending the pseudo anonymously of Bitcoin will be enough for them. They just want to have control over us, our actions and our money. We need to avoid it.

iamTom123

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Bitcoin is right now exploding though it is far from getting into the mainstream of the population just like how the fiat money has penetrated our population. Yes, it is being viewed as an alternative to fiat money that is not subject to the controls and desires of the authorities...that is becoming a driving idea behind Bitcoin.

Will any government print more money just to buy Bitcoin? Well, that can be possible but so far I think nobody has done that maybe because it is not allowed by law in democratic countries like USA you need to get approval for you to use the quantitative easing system and in many dictatorial regime they are viewing Bitcoin still as a threat. There are even countries that though planning to recognize Bitcoin for tax purposes yet they are also dreaming of introducing their own national cryptocurrency...a move away from Bitcoin I would say.

Bitcoin is now moving away from many simplistic ideas that may not really be working in the global marketplace...Bitcoin is supposed to be a more rational currency in digital form as against all the intricacies and insanity connected with our traditional fiats.

diegodog

newbie

Activity: 68

Merit: 0

Hello All,

I'm new to crypto but not new to the banking/gov game.

What are you thoughts on the bankers/gov potentially controlling Bitcoin behind the scenes putting on a show oh how they are concerned about it?

They can print the fiat to buy bitcoins.
Its the electronic money/world currency they are so thirsty for.
The NSA has supposedly a back door to all our devices.

I think if bitcoin is the new banker currency it will explode higher as 7.5 billion people vs 21 million bitcoins means $$$$ to the early holders.
If Bitcoin is the alternative to the bankers/gov then it will explode higher as well due to the high percentage of people who want to be free from them.

Anyone who has attempted to not use the dollar Ghadaffi (gold Dinar) - Saddam (oil for Euros) have met a swift end.

Why are they not stopping (possible jail threats) it when they have shown they will go to extreme measures to stop competition.

Either way I see it going higher i'm just trying to get my head around why it has not been stopped.

Thoughts?

Topic: Bitcoins and Bankers - page 7. (Read 3543 times)