Topic: Hacks & puppets & forks - how to destroy bitcoin - page 2. (Read 3438 times)

There are some great educational merits in this post that I hope are helpful to those new or learning. If so, please reply here.

Or is it the reputation of Bitcoin is getting stronger with the passage of time?

Amongst the fields of a plethora of forks from Bitcoin and thousands of cryptocurrencies to compete with Bitcoin....Bitcoin has always remained the king.
Maintained for many years even as hundreds of other cryptos fade away. Right?

Thank you for posting...your writing is a bit confusing, but I think I might understand what you are saying? Bitcoin has become a bit less volatile as the years go on but please be aware of the ever present big drawdown risk.

For example, currently, part of the selling pressure is online brokerages in the USA are now starting to cut off US investor access to the Swedish Nasdaq Nordic listed Bitcoin ETN fund - suddenly alot of US traders can't have any buy orders on that product.

They are ultimately destroying their own wealth.

Those anti bitcoin are only destroying btc because they did not get a hold of it when it was still very cheap. The bitterness is very present and I know that if only they are holding a huge amount of it, they will be like anyone else who ain't getting tired of making predictions to promote btc.

Bitcoin is the most profitable and strong coin of this era and currently it is impossible to destroy such a valuable coin so those who are thinking to harm it will surely waste their time and bitcoin is now not be effected by rumors because investors are now aware of hatter that they spread this to give loss to bitcoin so no one will do panic selling everyone will join hand to face such situation.

Saving bitcoin is the best way of making the bitcoin of their future and the upcoming days the worth of the bitcoin is increasing more and more. The importance of the bitcoin is getting high so it’s good to make it sure that the bitcoin will be powerfuland it will give you more profit in the future. The value will be high if you will invest and you will buy the high amount of the bitcoin. The importance of the bitcoin will be more than this.

Bitcoin's market cap is currently sitting above $90 Billion.

All the country's central banks and governments have become powerless to stop bitcoin (even despite all big banks for four years training tellers to stop if they hear "bitcoin" to block those transactions ever since 2013 - when will they learn their attempts are futile?)

Effective, True savings vehicle: Bitcoin

Amazing to see global trade growth on localbitcoins as well (scroll down to see all the individual countries:
https://coin.dance/volume/localbitcoins

Reply if you find the post useful, share your thoughts.

Bitcoin has the highest value because of its reputation - if there was no reputation there would be no value.

If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.

Bitcoin has all these together and has the most value and increasing more than anything else coming from the fiat central-banking debt-system.

Though it is still very early adoption by the world population (most people everywhere don't know what it is)...
Bitcoin (the King) has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.

And it has become clear that...
Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so.

Bitcoin cannot be made illegal. Governments may still attempt to do so.

Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates. Central banks will never have such domination of Bitcoin.

Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.

To fork a lot of discussion about what is happening in order to reduce the time of transactions and reduce their cost. This did not happen. We see banal fight for the money. Nobody cares about reputation. This is very bad. bitcoin loses its primary purpose and became an instrument for speculation. This may make bitcoin bubble. We are going to blame for it. Each of us had something to do with their efforts.

The reputation of bitcoin is getting destroyed slowly because of the forks that has been launching for bitcoin and it seems that it doesn't affect the performance at all because i believe that the reason for having forks are to improve the quality of the coin and to make major improvements that everyone would feel after the launch of fork but right now it is just like making forks that will completely just for money and not improvements.

Highly recommend those who are new/learning to watch this intro bitcoin video:
bitcoin 101:https://youtu.be/Bhe61JaNFLU

Also global money history: history of money/centralbanks: https://vimeo.com/8757743 or link2 https://youtu.be/UrJGlXEs8nI

Why are people on the forum trying to link enemies of Bitcoin to being Satoshi Nakamoto? Doesn't anyone decipher between bullshit sources vs legit sources? Don't they look at history and see people like Mike Hearn and Craig Wright have tried to subvert/destroy Bitcoin?

Do you read what you write before you post? That's alot of confused unrelated things to pull in together. Bitcoin has been around for nearly 10 years and no one in that 10 years has ever been able to successfully hack the Bitcoin protocol and make any Bitcoins nor stop the system from working.

Meanwhile you see everything else in the world seeming to be getting hacked.

Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter. Bitcoin cannot be controlled.

On the opposite end of the spectrum the global fiat system broke a couple of decades ago.
Fiat around the world is heavily infested with:
-regulatory burden on fiat banks & system (incredibly costly)
-insurance fraud
-false claims and insurance losses
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

They've had a lot of success with that. People really believe russia hacked the US elections despite all evidence pointing to an internal leak inside the DNC. People believe there are more than 2 genders simply because of gender fluidity campaigns on tumblr. People believe travel bans designed to keep terrorists out of the country are racist. They believe Trump was planning to put gays and transgenders in concentration camps because social media campaigns spread those lies.

It might seem silly to think our collective lack of knowledge and education could be taken advantage of. Looking around the world however that's exactly what is happening and it does seem to be very effective.

Hacks will surely destroy everything that is up and running online in the internet and bitcoin is not an exemption with this though but bitcoin is reaching its 1st decade anniversary and the recent years for it was tough but it survived so the next years will be more challenging and bitcoin will become more stronger more than ever to all its aspect.

naysayers will tell what they want to spread and they will do it again and again until they die because they are happy to do it but to those who really believe in what great will happen in the future of bitcoin will surely benefit.