Do you think bankers will destroy block chain tech, decentralization, bitcoin? - page 3.

calkob

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Quote from: marty123 on September 19, 2016, 08:42:55 AM

If you haven't noticed already, the two coins below Bitcoin, Ethereum(ETH) , Ripple (XRP) have forged theier way into crypto with massive fundings from bank, backed by bankers, both Ethereum and Ripple have second and third market capitalization respectively after Bitcoin, Do you think the bankers who manipulated the global market and caused the global crash of 2008 which led to suicide of thousands of innocent people for making bankers profit, will bring down bitcoin, block chain tech and decentralization?

1. How are you going to stop the bankers trying to dictator crypto?

2. Are you fully aware of things that are going on?

3. What measures are you taking now?

Best Regards

I think the only way they can destroy bitcoin is to infiltrate it from within. so we need to be on guard from malicious actors within trying to divert the community

tabas

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Quote from: Namiks on October 10, 2016, 07:52:19 AM

In its current state, I doubt they care about it in the slightest.

Bitcoin isn't a solid competitor yet.

Well as of now they see it as nothing because it has not impacting yet the economy of banking industry. But once majority of the citizens of the country are able to use and adopt it for sure they are going to see it as a hard threat to their industry. But I don't think they have the power to destroy block chain tech and that is very impossible.

Namiks

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I miss when crypto was about decentralisation.

In its current state, I doubt they care about it in the slightest.

Bitcoin isn't a solid competitor yet.

Milkduds

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Quote from: RodeoX on October 06, 2016, 10:26:26 AM

Until I see a method of "destroying" bitcoin I have absolutely no concern about this.

Physically destroy or manipulate so that it is worth nothing?
These seem to be the same thing,least how I come to issue.

No one is really addressing the technology when they talk about bitcoin being destroyed,its the restrictions or making it obsolete.
Not attacking you,but I am curious what you are meaning when you state this opinion about destroying bitcoin. Wanted a response last time to explain the thinking,maybe you can address this.

RodeoX

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The revolution will be monetized!

Until I see a method of "destroying" bitcoin I have absolutely no concern about this.

pedrog

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Bitcoin is already owned, well at least the major developers are, by something worst than bankers, they are owned by venture capitalists.

Bankers don't care if a company makes money they always get their bonus and if the bank goes down, there's always a bail out, but venture capitalists really like to make money.

Milkduds

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Quote from: xdrpx on October 05, 2016, 12:51:42 PM

I don't think Bankers can bring down decentralization or Blockchain. Infact they've been closely researching and monitoring how the blockchain technology works and are developing with own form of cryptocurrency or private blockchain. Decentralization cannot be brought down cause we the people have more control over it rather than them. Although they are getting closer in terms of market capitalization with altcoins, they can't really control how Bitcoin is decentralized.

People never have as much power as they think. You honestly see a revolution over governments or banks taking bitcoin down?
The majority still think it is something creepy dudes use to buy kiddie porn on the darknet,if push comes to shove,they will have no problem getting the public against bitcoin.
Its a faulty thinking to believe bitcoin is in some kind of bubble,their is a reason governments are currently talking about who owns the internet. Guess who has the most valid claim? You honestly think America is going to not stifle and control once it gets the all mighty say over who is in command!
Bitcoin can be taken down many ways and the most obvious are the easiest routes,but why go after bitcoin when you can control the whole internet in one big swoop. Easy to dictate once that is done. Just look at how google,twitter and facebook re-write history. Go search reverse racism on google and it will tell you it does not exist!

xdrpx

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I don't think Bankers can bring down decentralization or Blockchain. Infact they've been closely researching and monitoring how the blockchain technology works and are developing with own form of cryptocurrency or private blockchain. Decentralization cannot be brought down cause we the people have more control over it rather than them. Although they are getting closer in terms of market capitalization with altcoins, they can't really control how Bitcoin is decentralized.

Milkduds

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Quote from: RodeoX on September 19, 2016, 12:23:17 PM

Absolutely not.

There is a lot of talk about the banks destroying bitcoin, yet no one has even shown me a method for doing this. Until someone can show how this could be done, I don't think it will be done.

Quote from: marty123 on September 19, 2016, 08:42:55 AM

1. How are you going to stop the bankers trying to dictator crypto? - I don't have to. There is no way to do it.

2. Are you fully aware of things that are going on? - Um. you mean in the bitcoin world? Sure, more than most I suppose.

3. What measures are you taking now? - I only use BTC online and dumped my credit cards. The banks are only powerful because you keep giving them your money. I do not do that.

The argument actually should be the other way around,its very obvious how they can slow bitcoin to a trickle.
Bigger issue for me would be how we protect ourselves from having this done.

Any one that has studied government knows they like to corrupt from within well running a image campaign that paints people as parasites to the system. People will be yelling Kill the bitcoiners quicker than you can say "it was the goat"!

Banks can refuse to do business with people,police forces could crack down on buyer/sellers and that would leave bitcoin atms with a KYC that would force users into ratting out other users. Leaving you with people that covered their path and most likely easy to paint as anti government,if not self proclaimed. One step away from being labeled terrorists and you have a successful shutdown.
Reason people say its impossible,is it is not even on the radar. If banks or government wanted to engage,the system would be done sooner than not.

avikz

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Bankers can certainly manipulate the prices of crypto because they have huge funds to invest in to. But I think, this way, small investors like me will also be benefited.

If we can see the funding is coming in to crypto market, then the price appreciation will benefit all of us. What I feel that bankers investment will help crypto to become more streamlined.

agamasrori

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Quote from: ekoice on September 22, 2016, 05:35:16 AM

Bankers have tried a lot to destroy blockchain tech, but they couldnot.

US government also was not able to ban bitcoin.

Bitcoin will be the future economy of the world

Even banks are nowadays trying to adopt blockchain technique.

Wow I am glad to hear that. us goverment is one of the strongest in the world. that mean bitcoin technology was very amazing. and I just agree with you about banks are nowadays trying to adopt blockchain technique. may be banks was thinked that if thay can not destroy bitcoin they just will do like bitcoin worlds run.

ekoice

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Bankers have tried a lot to destroy blockchain tech, but they couldnot.

US government also was not able to ban bitcoin.

Bitcoin will be the future economy of the world

Even banks are nowadays trying to adopt blockchain technique.

RealBitcoin

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Quote from: Kprawn on September 21, 2016, 12:11:58 PM

The shills accepting $1 for shilling will not have the capacity to run a node and make a real difference, when it comes down to the

consensus decision on what fork to follow. Most people can spot the difference between Bullshit and chocolate, so these shills are pissing

against the wind. Let's just hope sanity will prevail in the long run, and the miners invested in the technology will continue supporting the

correct fork decisions. Roll Eyes

Well it's demoncracy, you bribe the voters and they will vote against you.

If the shills outnumber the sane guys, then we will have a problem. The nodes will support the majority opinion, and they will get persuaded by the shills.

If there are 1000 shills, customers, for a bitcoin business, that only spend 1$ every day on that shop, that will get a priority, over a bitcoin whale that never shops and mostly stores his money. Merchants will be populists and support the majority.

So it's not hard to understand the game theory behind politics, 1 million poor people with 1 satoshi will easily overthrow Nakamoto with his 1 million BTC.

That is just the harsh reality I fear with Demoncracy.

Kprawn

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Quote from: RealBitcoin on September 20, 2016, 10:55:23 PM

Quote from: Carlton Banks on September 19, 2016, 09:06:58 AM

The hard fork mechanism is important if there is a genuine disagreement on direction, or if the ethics of the repo maintainers become significantly questionable. We don't have that problem though. The problem was hard fork proposals that intend to install rogue development teams, not the current dev team.

What did we do? We argued against it, successfully, against an army of shills. They're re-mobilising right now, and it's hilarious.

But we do have tons of shills trying to push this agenda, in some cases by people who dont even hold bitcoin.

Dont tell me that if you hire 1000 shils and pay them 1$ for each to shill for hardforks, they will somehow have the authority like an established person who actually holds like 1000 BTC

The shills accepting $1 for shilling will not have the capacity to run a node and make a real difference, when it comes down to the

consensus decision on what fork to follow. Most people can spot the difference between Bullshit and chocolate, so these shills are pissing

against the wind. Let's just hope sanity will prevail in the long run, and the miners invested in the technology will continue supporting the

correct fork decisions. Roll Eyes

RealBitcoin

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Quote from: Carlton Banks on September 19, 2016, 09:06:58 AM

The hard fork mechanism is important if there is a genuine disagreement on direction, or if the ethics of the repo maintainers become significantly questionable. We don't have that problem though. The problem was hard fork proposals that intend to install rogue development teams, not the current dev team.

What did we do? We argued against it, successfully, against an army of shills. They're re-mobilising right now, and it's hilarious.

But we do have tons of shills trying to push this agenda, in some cases by people who dont even hold bitcoin.

Dont tell me that if you hire 1000 shils and pay them 1$ for each to shill for hardforks, they will somehow have the authority like an established person who actually holds like 1000 BTC

Zentuple

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The idea of bitcoin is to avoid banks, but everybody is too concerned about it's fiat value.

agamasrori

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I don know about that. I only know that even goverment can not rule bitcoin, can they? there so many people still using bitcoin and they are fine also didn't get any trouble. If bankers wanna destroy block chain tech it is mean that banker is worried about block chain tech. May be block chain tech can destroy banker business. That is my oppinion.

Wind_FURY

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Quote from: Carlton Banks on September 19, 2016, 09:06:58 AM

The Gavin Andresen/Mike Hearn hard fork proposals were very likely bankster moves against Bitcoin (as both have connections with either the banking or corporate establishment). They proposed to put huge unnecessary loads on the network, and dialed back the size of the extra load they proposed by several factors, several times, and still their plans were rejected.

The hard fork mechanism is important if there is a genuine disagreement on direction, or if the ethics of the repo maintainers become significantly questionable. We don't have that problem though. The problem was hard fork proposals that intend to install rogue development teams, not the current dev team.

What did we do? We argued against it, successfully, against an army of shills. They're re-mobilising right now, and it's hilarious.

I did some research about the Gavin Andresen hard for proposals and I did not realize that what you are saying is true. It was a proposal disguised to help the Bitcoin network scale but the true purpose of it as driven by their self interest. If the miners and the community unanimously decided to side with XT then they would become the new developers to follow in Bitcoin. That was very conniving of them if it was indeed what their purpose was.

Are the re-mobilising again? Where? I do not see any of the sort in the forum right now.

JeffBrad12

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Quote from: Noctis Connor on September 20, 2016, 08:30:05 AM

Quote from: marty123 on September 19, 2016, 08:42:55 AM

If you haven't noticed already, the two coins below Bitcoin, Ethereum(ETH) , Ripple (XRP) have forged theier way into crypto with massive fundings from bank, backed by bankers, both Ethereum and Ripple have second and third market capitalization respectively after Bitcoin, Do you think the bankers who manipulated the global market and caused the global crash of 2008 which led to suicide of thousands of innocent people for making bankers profit, will bring down bitcoin, block chain tech and decentralization?

1. How are you going to stop the bankers trying to dictator crypto?

2. Are you fully aware of things that are going on?

3. What measures are you taking now?

Best Regards

Bitcoins are the main father of that two alt coin where ethereum are the second one high price in cryptop currency which is i dont know if Ripple are forge their way to crypto to have massive funding from investors and banks also
1.Are the bankers have connection on cryptocurrency?
2.No im not fully aware why ? because im not a trader

That is just a speculation but the possibilities are always there, but I do not believe it. the banker is no need connection into the cryptocurrency and why the bank needs the connection?it's not having a relationship with trader but the op is doubt if the ripple and eth are the crypto invasion from the bank.

marty123

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Quote from: PlotTwisted on September 20, 2016, 09:11:16 AM

Mr. Robot talking about Ethereum (E-Coin)

https://youtu.be/ONHLZ1dnKLI

We should not let these take away our freedom, Satoshi bought a revolution to stop bailing out of businesses by hard earned tax payers money, we should not let the reverse happen and let Satoshi's work go in vain, let us show our disobedience to them, fight on until these government backed coins are no more!!!

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