Topic: Government & Bitcoin - page 56. (Read 70850 times)

I was referring to my own post. I have no idea what you are talking about, please re-read my posts and you will understand better.


Yep, bitcoin is not a democracy, its a mining oligarchy, because essentially it's the miners who own bitcoin, while we just lend it from them.

If the miners would all got together to form a 70% ownership cartel, then we would all lose our money.

And the most of the miner do the confirmation so they can handle the list of transaction and also the mining is the greatest way to earn bitcoin, they can earn almost 50 btc per day (mining company in china can do that).

Who are you to make satire with thoughts of the others telling "was a satire"? Isn't this disrespectful versus the author of the thought? Where is written that "the "regulation" that exists on paper printing"? Who told that exist regulation on paper printing? Bring here this expression and show the post where this is written. Why don't you accept that don't read that the others write but what you want to understand from their that the other write? Or if not that then that you diverges from the object of discussion with words without meaning? In this case why don't you accept that you spoke about bitcoin when the discussion was about the paper printing. And then diverge with other words totally without meaning. like: "The miners do regulate bitcoin, because they have the voting rights" What kind of vote have the miners and in which way is counted this vote? Then who are you to decide that "otherwise we would not lose 99% of our purchasing power in the course of 30-40 years" and what does it mean this phrase? It is not an error your phrase "my post before that was a satire about the "regulation" that exists on paper printing , which it obviously doesn't exist, otherwise we would not lose 99% of our purchasing power in the course of 30-40 years" which mean that "if exist the paper printing of bitcoin we will not lose 99% of our....." So you are against the paper printing and if we will have that will not lose 99% of our purchasing. What is this thought?

You are again doing ad hominem attacks, which is kind of unfair and disrespectful.

I was just simply explaining to you my views. I wasnt even talking about paper currency, my last post, and my post before that was a satire about the "regulation" that exists on paper printing , which it obviously doesnt exist, otherwise we would not lose 99% of our purchasing power in the course of 30-40 years.

Then again you have your answer, the bitcoin miners are regulating the network, so the questioin is answered.

First, it was not this the aim of my answer. It was an lateral explanation.

Second and the most important you haven't answer to the main aim of my answer and our discuss - the paper bitcoin is not auto-regulated - but need rules. You must accept that you were wrong about the things told in your previous post. This is seriousness and fairness in an discussion.

Third, I haven't heard never in my life such foolishness like the words wrote by you in your last post and your "explanations" given there.

Forth, you must see a doctor because suffer from narcissism which will hurt you to much during your life. You love yourself in an unimaginable way and that in the future can damage you seriously. I have no desire to answer to your post but I will obligated because this forum will be read by thousand people and to many from them may be deviated from your hallucinations. Which for more are provoking with the way you do the comments. You don't comment or discuss. You give lessons with your posts. You give mind without having yourself. This way provokes the other pair that - without having desire (at least in my case) - to be taken with you and not with the discussion. Thing that I personally hate.

No you misunderstand me. The miners do regulate bitcoin, because they have the voting rights.

So whatever issue/problem/event/implementation happens with bitcoin, the miners can veto it.

Not very democratical, but still more fair than the political system, because atleast miner's vote is transparent, while political elections can be faked.

No because first not the miners but the technology regulate bitcoin.Then the technology regulate the digital bitcoin The digital currency, the currency of internet). The papers bitcoin (the banknotes) will be another thing. If it will be produced (printed) more banknotes than the real number of bitcoins then will be trouble. The technology or your miners in this case can do nothing. At least the technology known since this moment in the production of the digital bitcoin (the internet currency).

Ok i will disregard the personal attacks here.

So to answer your question: bitcoin is regulated. It is self-regulated.

The miners regulate bitcoin. We dont need other entity to do so.

Is that satisfy your question?

You are really someone with which is in vain to take in consideration but I am obligated to give answers from the others. Regulated is not copied but doing rules. The rules may be totally different. That doesn't meant that it will be different. May be exactly the same. But this can be decided or made by those who are expert of those things. Maybe from you. Seen that you understand everything and have knowledge of everything.

Have you found yet the answer of the problem of the sheep? I haven't hear yet nothing about. It is important to find that answer...

It is very sad that someone like me which have a poor English explain the meaning of the English words to an expert of everything like you....

I really don't want to speak about you in my posts but it was impossible when I read your comments.

Regulated like the current printing presses?

The CB just prints 100000000000$ /year because that is allowed by the regulation. Wow what a useful regulation. How about non-regulated currency like bitcoin that is free from this "hazardous" regulation

Yeah it that means its function like a paper wallet, the point is private key if someone has take your private key from that coin,and take the amount so that coin it just a empty coin right?
this is why the physical bitcoin its better just for collection,just in my humble opinion

Perhaps it's as simple as the QR code printed on the coin being the private key to a bitcoin address. Whoever then has the coin, controls the private key. But this still doesn't make a digital object physical. You could still control the bitcoins without the physical coin if you knew the private key.

I think the government would never admit bitcoin, it is because the price is always down 

I don't know how will work because first must be created and then regulated but I think like the normal cash of every existing currency.

I learned that the meaning I had for the word cashless was erroneous but I learned even that the right meaning don't exclude the cash in the economy. So my words in the previous post are not wrong. Only not in the right place and not needed in that case. As for how fiat system works you must read again my post about your meanings and your capacity to understand.

Pretty sure bitcoin and goverment wont work. As bitcoin is free to taxes and goverment want taxes. The most possible way if the goverment want to do digital currency it is most possible they'lle make theyre own digital currency. Well thats my opinion.

Wtf, I guess you should go learn about modal verbs and what they mean (apart from learning how fiat systems work)

So how does that works ? is that like paper wallet or something else?
well if the problem is internet connection,what about using paper wallet or maybe some kind of like gift card or voucher in bitcoin, i just dont understand how it physical bitcoin's work

The cashless system may exist only in your dreams. I don't know any country in which don't exist and have legality the cash. Or better: On Earth don't exist any country with no cash in its economy. Maybe in another universe yes.

Banks are working with blockchain technology, but when they adopt it ?