This is bound to happen and is an issue with pretty much any place that is being used as an investing area. Though, it does happen on both sides as we do spread fake news from #TeamBitcoin to be able to get more and more people to join onto the Bitcoin train and such. This is going to happen as there is a lot of money at stake if there is panic in the market and it could make a certain few of people (the fake news spreaders, organizers, whales) a shit ton of money if they move the market the way they want to.
It sucks the world works like this, but this happens in stock, bonds, real estate, and others as well. We may just not see it as much because the other investments have a LOT MORE money at stake within them.
Sad world.
Topic: Complaints of Seizures by Popular Bitcoin Wallet <-FUD (Read 333 times)
Major FUD about Bitcoin being spread to the uninformed by Gold dealers and others who see Bitcoin as a threat. In this case, it's a guy who I never heard of named
https://www.linkedin.com/in/everett-millman-4944ba7a Everett Millman who writes articles for the gold industry. I would hope someone here takes the time to give this liar a piece of his or her mind.
The link to his piece is below.
http://blog.gainesvillecoins.com/2017/06/17/complaints-of-seizures-by-popular-bitcoin-wallet/
True bitcoiners don't care about any wallets because true bitcoiners run their own full validating nodes, so they are not worried about what the next move of whatever online wallet they are using.
Download a full node on www.bitcoin.org and stop worrying about online wallets forever. It is worth the time to download the full blockchain.
I understand, and agree with what you are saying, but you missed the whole point of the article. There are many out there creating FUD, to cause panic in the market.
Quote
Of course, any Bitcoin wallet is going to suffer from the very same problems as a bank account for your fiat money: It is subject to vanishing into digital oblivion or being seized by the “wallet” service at any time, with absolutely no recourse for the owner.
...Which is just an outright lie.We can debate about whether Coinbase has been seizing users' accounts or not (occasionally they do if they suspect the users of illegal or suspicious activity, because they're a centralised service and can do this), but what's important is that a real Bitcoin wallet is trustless and cannot be seized unless a third party which you are not trusting gets access to your private keys.
This is more comparable to people coming into your house and taking physical cash than it is to a bank account. Sometimes it's even safer than that, depending on what security measures you use with your wallet.
We should understand that the guy or that author of that article can really be biased because he is leaning more towards gold. I have no problem with gold though because it is a good investment vehicle called as the safe haven though earnings from gold has been flat for many years now which resulted into many gold investors to also look at Bitcoin and other altcoins.
Spreading FUD as August One is coming may not be the thing to do though of course we have to respect anybody's ideas, opinions and analysis for that matter. What we can do is to disagree and not be dissuaded by anyone telling us that Bitcoin will be dead by that date.
After August One, Bitcoin will still be alive and can be stronger and more valuable than ever. We will witness the best-ever Bitcoin from then on.
Spreading FUD as August One is coming may not be the thing to do though of course we have to respect anybody's ideas, opinions and analysis for that matter. What we can do is to disagree and not be dissuaded by anyone telling us that Bitcoin will be dead by that date.
After August One, Bitcoin will still be alive and can be stronger and more valuable than ever. We will witness the best-ever Bitcoin from then on.
Major FUD about Bitcoin being spread to the uninformed by Gold dealers and others who see Bitcoin as a threat. In this case, it's a guy who I never heard of named
https://www.linkedin.com/in/everett-millman-4944ba7a Everett Millman who writes articles for the gold industry. I would hope someone here takes the time to give this liar a piece of his or her mind.
The link to his piece is below.
http://blog.gainesvillecoins.com/2017/06/17/complaints-of-seizures-by-popular-bitcoin-wallet/
True bitcoiners don't care about any wallets because true bitcoiners run their own full validating nodes, so they are not worried about what the next move of whatever online wallet they are using.
Download a full node on www.bitcoin.org and stop worrying about online wallets forever. It is worth the time to download the full blockchain.
I understand, and agree with what you are saying, but you missed the whole point of the article. There are many out there creating FUD, to cause panic in the market.
Major FUD about Bitcoin being spread to the uninformed by Gold dealers and others who see Bitcoin as a threat. In this case, it's a guy who I never heard of named
https://www.linkedin.com/in/everett-millman-4944ba7a Everett Millman who writes articles for the gold industry. I would hope someone here takes the time to give this liar a piece of his or her mind.
The link to his piece is below.
http://blog.gainesvillecoins.com/2017/06/17/complaints-of-seizures-by-popular-bitcoin-wallet/
True bitcoiners don't care about any wallets because true bitcoiners run their own full validating nodes, so they are not worried about what the next move of whatever online wallet they are using.
Download a full node on www.bitcoin.org and stop worrying about online wallets forever. It is worth the time to download the full blockchain.
Major FUD about Bitcoin being spread to the uninformed by Gold dealers and others who see Bitcoin as a threat. In this case, it's a guy who I never heard of named
https://www.linkedin.com/in/everett-millman-4944ba7a Everett Millman who writes articles for the gold industry. I would hope someone here takes the time to give this liar a piece of his or her mind.
The link to his piece is below.
http://blog.gainesvillecoins.com/2017/06/17/complaints-of-seizures-by-popular-bitcoin-wallet/
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