Topic: Do you trust bitcoin holders? - page 9. (Read 1402 times)

Bitcoin doesn't promote anything, because it inanimate object is digital electronic money / an investment asset (depending on who likes what). In the text of bitcoin's whitepaper you will not find a single word about "promotes mostly anti-government", so there is no need to project your personal vision onto bitcoin.

What do you understand by "trust bitcoin holders"? What is the meaning of this phrase? If you are talking about their promotion "invest in bitcoin", then certainly bitcoin holders has a vested interest, because they are the holders of bitcoin, which they plan to sell someday. It should be taken into account that bitcoin holders has a reason to voice positive points about bitcoin and keep silent about negative ones in order to attract new investors, thanks to which the rate of BTC will increase. The point is that you should not blindly believe all their words and take into account such moments when there is an intention to promote because of your own interests (owning a bitcoin).

First of all, what do you understand by anti government and anti bank? From my understanding, anti means to oppose but is bitcoin opposing government and banks? Obviously No. Bitcoin is nothing but a form of digital currency that is decentralized without being control by the government or bank institutions. Government is the one seeing bitcoin as an opposition simply because its way of operation doesn't align with theirs. On the banking aspect, they are business institutions for savings and payments facilitators that exploit their customers with heavy charges while Bitcoin offers the same services for a lesser fee with faster speed. In reality, these two institutions are the one fighting bitcoin in order to continue their exploitation.

Trusting holders depends on the individual holder. There are bitcoin holders that use it responsibly based on its ethics just like our normal traditional fiats. On the contrary, people use bitcoin for illegal activities as it also exist in our local currency in the form laundering and other illegal activities. It's about the individual not the entire holders.

No, don't forget with this phrase "don't trust, verify".

Bitcoin didn't promote anti-government and anti-banks, Bitcoin actually give you a freedom to choose, it's the other way around. Frankly, both government and banks are anti-Bitcoin because some country completely ban Bitcoin and some banks didn't accept funds related to Bitcoin.

There is this misconception that if you are holding bitcoin or is participating in any cryptocurrency then you must be anti-bank or anti-government which probably where the idea that those who use bitcoin or privacy coins are enemies of the state and are criminals.

But I don’t think that’s true at all. Yes banks do have their own disadvantages and bitcoin will be much preferred however liking btc does not necessarily equate with haters of the central banks.

Bitcoin was not created to encourage anti-government, anti-banking, you should not spread such false ideas and cause greater misunderstanding between the government and the bitcoin community. Satoshi never intended to create bitcoin to counter or replace anything controlled by the government.

Also, don't imitate some people who talk bad about banks or fiat money while you are still using it every day. It is true that they have disadvantages but we still depend on and use them, and they also have useful use cases, not completely useless.

Why ask about trusting others when you can directly ask us if we trust bitcoin as we are holder ? dunno about others because when i invest and keep holding my bitcoin and about trusting other Holders? its their decision because we all have our own faith when talking about the future of our money.

I can't see how Bitcoin promotes anti-government and banks, I mean Bitcoin is just how it is, we can't change that for sure but It wasn't at all anti-government or anti-banks, probably it is just somehow opposite of it but I wasn't anti or something. We Bitcoin holders as well are not anti-government or anti banks but probably we just hate it since there were just too many things that weren't right at all, but still, we all have governments in different countries and we are a part of it, we use fiat system that's government and banks right. So we are supporting banks and government for sure, but there were just people on position on the government that is just wasnt doesnt the right thing that is why we hate it much, not to mention that the fiat system is just a huge scheme, but still it is what it is we just cant do anything about it the only thing we could do about it is to adjust on it.

Yes, I trust mostly a lot of Bitcoin holders that I know, but for sure there were some limitations on that, if you doesnt know someone then they not instantly going to earn your trust not just they are a Bitcoin holders, remember that there are a lot of scammers and hackers out there, if your install going to trust Bitcoin holders they will take advantage of you and scam you, so we always need to be careful on trusting anyone since hackers and scammers are probably investors as well.

When the news comes onto the screen of some people, they don't just take it at face value. Sometimes it digs deeper when they hear Bitcoin was used to fund the terrorists and some may think that being a Bitcoin holder means you could be a terrorist. 

I'm not sure if this is what OP means but if he questions whether BTC holders can be trusted then its something related to what Bitcoin can do and can be used for.

No.

I only trust open source code which I can verify myself. Everything and everyone else is suspicious to me. What’s the point of that question anyway? Does it change a thing whether I trust or dont trust bitcoin holders? It changes nothing. Bitcoin protocol don’t need holders to function. Holders can only affect the market prices and nothing else.

Point of correction, you can't be a Bitcoin holder and also an anti-bank person.

You need money to survive, so your salary will still go into your bank account, you also can't spend your Bitcoin in the real world without changing it into Fiat and that Fiat will head into your bank account.

Look around you and tell me how many stores are accepting crypto payment? It would have been a different case if Bitcoin is widely accepted this days, I as a person would totally stop using the bank for good but it is not going to happen.

Stooping the bank is like stopping the government, the only solution is co-existing, and let's not forget that the government will forever keep hating on any invisible ways of spending money, because of criminals and illegal activities, they won't want such, so Bitcoin money to bank account is inescapable.

It's like asking "Do you trust gun owners?" or "Do you trust Biden/Trump supporters?"

The demographic is just so huge and widespread that you can't really trust/untrust the entire demographic just because of that one similar interest of theirs. Each person is different.

government, banks and bitcoin cannot be combined. they have their own interests. but keep in mind bitcoin is very different because of its decentralization. Even governments are now starting to get involved in bitcoin by regulating it so they can get taxes from bitcoin transactions carried out by people in their country. Meanwhile, conventional banks are a means for us to withdraw Bitcoin into legal money in a country.

Now I will try asking you again, do you believe in Bitcoin?
If you believe, you will definitely become a Bitcoin holder yourself, even if only in the medium term.

bitcoin does not promote anti-government or anti-banking, it only promotes a decentralized system of transaction systems globally. even if we look at it now, most of the bitcoin holders use centralized exchanges as their place to store or trade bitcoins, and banks to withdraw or deposit their money, so we cannot say that bitcoin holders are anti-government or banks.

even when a country bans bitcoin, but there are citizens who hold bitcoin, these citizens cannot be said to be anti-government just because they hold bitcoin, because someone who violates government regulations cannot be said to be anti-government, but a violator.

Where did you get that idea? Not everyone, especially members here, thinks like that (based on the things I've read here). I'm speaking for myself here but I HODL BTC but I'm not anti-government and banks.

I believe the POV that you are trying to pertain to is that there are people who want the government to stop controlling everything, making it anti-government but that could be a case-to-case basis. It's something that you need to understand that it's not going to be always the case unless your government is corrupt and you want to promote transparency.

Using BTC as the mode of payment makes it so that it's publicly available and can be seen. There's a lot of discussion for this.

I trust bitcoin and i believe bitcoin holders but i am not anti-government or anti-banks but i believe bitcoin can give much higher profit then bank bonds or FD. bitcoin is totally decentralised crypto coin. which no one controls. and long-term investment here can get huge returns. at the beginning of Bitcoin people did not trust Bitcoin but now Bitcoin has become a very popular investment asset for the young generation and everyone trusts Bitcoin and want to hold Bitcoin without hesitation.

Having financial private life and being your own bank is financial freedom, and not anti-bank or anti-government. It is the government that is against the privacy of their citizens and wants to have control over everything her citizens are doing.

Bitcoin hodlers are normal people with different mindset, and everyone has the reason why they adopted bitcoin, if there is no trust in bitcoin enthusiasts, it means that p2p will bring more harm to the system. We have the good, bad and ugly, it is just the government that are making it look as if bitcoin enthusiasts are criminals of which we have more criminals using fiat for their illicit activities that government is even aware of but they keep don't bring it to the public.

Nobody can do without the government or banks because that is our tradition.

You should ask another question...  "Why should you rather trust Bitcoin supporters?"

The average Bitcoin supporter do not have any issues with governments, they simply buy bitcoins because it has profit potential.

There are a group of Bitcoin supporter within the larger Bitcoin supporter group that has strong views against governments, because those governments have hurt them in the past. (Example : Hyper inflation / Corruption / Bank bailouts during the previous economic crisis and the failure of the Fiat system)

I am a Bitcoin holder and I believe in myself. I am also not anti-government or anti-bank because I still use banks to save money and conduct banking transactions. I use Bitcoin for investment, and it has been around for a long time.

I don't know about other Bitcoin holders, but I don't think they are anti-government and anti-bank either. Maybe they don't like the government in certain ways, which is normal. No government is perfect.

I would prefer it if Bitcoin could work with Fiat. That will give many people the opportunity to be able to use Bitcoin and Fiat simultaneously.

Bitcoin doesn't mean anti government or bank. It wasn't created to fight against the current system but as a means to give individual the right to self study.
With Bitcoin scalabilty, I don't see the need of having an extreme Anti Bank.
Bitcoin and Fiat could play 2+2=5, a synergy.
I hold Bitcoin and I trust myself
Control if wealth and some level of privacy doesn't make one a villain.
The current system is failing and we need something to help mitigate this.
I think you getting it wrong, Bitcoin doesn't really promote Anti Government but doesn't support Centralization
They different
It's not attacking the government in any way
Just granting financial freedom to the public without the need of a central Body.
Besides the government in all their flaws are needed
Without a central Body
The world will fall into chaos,  not everybody are ready to drive their lives themselves.

Pretty sure these days, nobody is anti government. Or at least the majority of Bitcoin holders aren’t. If they were they wouldn’t of KYC on exchanges to buy and sell their crypto.

Most of the holders are probably nothing but speculators. They aren’t in it for the advances bitcoin can make for society, they are in it for the monetary gains. Many earlier adopters were different. But these days, everyone is getting into crypto to get rich, not go against the government.