Topic: Here’s How I Would Bring Down Bitcoin - page 2. (Read 3515 times)

That could happen. I agree that poor decision could be a huge problem. Only a consensus can change things and a dumb consensus would likely produce a dumb result. Elections have sometimes resulted in a dictatorship or horrible policy. Still, democracy is better than tyranny. That's my hope anyway. 
That may be true for some. I would not even consider using a centralized money anymore. Bitcoin has no way for a central authority to operate. No one can change the price, the supply, the distribution. No one can keep me from using it or compel me to use it. They cant change the fees or the use cases. What is left to control? 
Gavin has no more authority than you do. There is no official anything and you could create a competing chain that becomes the "real" bitcoin.
What steering wheel?

It's a good question.

I'm not sure they would even care in fact...
But you're right, at a moment or another, they'll try to crush it.

But right now? Not sure we're enough of a threat for them to do anything else than lobbying.

It's more subtle than the idea of a "takeover" by non-technical shadowy people sitting around a table. It's about fooling enough minds so that the project succumbs to the ignorant tyranny of the majority. Cuz, you know, democracy.

It's about getting people to believe that Bitcoin is about making a better PayPal/VISA, as opposed to making third-parties (central authorities) obsolete thus giving people control over their own finances.

It's about leveraging conformist minds (Gavin, Hearn, Garzik, ...) into diverting the project toward a state of increased vulnerability/uncertainty.

It's about creating/promoting the perception of disassociating the crypto-anarchist roots of Bitcoin and placing the steering wheel into the hands of people who don't think there's anything wrong with debt-based money (because they only pay attention to mainstream sources of information).

I honestly do not think such a thing will happen. The reason is because the millions of threads warning of a takeover never include a plausible way for it to happen. Until I see that I will continue to ignore these threads the way I have for years now. Banks may not like it, but what can they do about it?

Like they stopped filesharing? They stopped Napster. But BitTorrent popped up and is still alive and kicking as of today. How can they take down bitcoin when they cannot even stop file-sharing? You sir do not understand that you cannot control the human race.

i agree on your point but that doesnt mean, that Govs dont try to manipulate bitcoin. they did already some research about this and some govs will try to stop/hinder bitcoin for sure.

How much research have you done in other areas? 9/11 disinfo? "TV fakery" hoaxers? JFK diversions? Are you familiar with the name Sunstein?



You are a great example of the "old man just posting his point of view" character who never replies to counter-arguments and just pretends that his initial impression is accurate.



Make that 6,000+ years...

And it's not about the numbers (trillions), it's about the control of the issuance/creation... as debt.

Thats is really a nice reply of it. we should be more confident what we are doing.

Well there's gold...
Has it destroyed printing plates like it could have? No. Instead it's co-existing together with fiat currencies. I don't think bitcoin really has much more power to destroy printing plates than gold did (to start with it doesn't even have as much power to do anything as gold  ). More likely bitcoin will co-exist with fiat currencies for a good while. And I mean a good while. That is, until people are no longer afraid to stand for themselves.And also it will take average people to accept going through the hassle of memorizing complicated passwords and seeds, just to do something that they think can already be done with fiat paper. We have a long way to go before bitcoin becomes a real threat for fiat currencies.

Yes, quite familiar.
To some extent, the "unconventional conflict" started here in June 2011 during the first huge Bull market rally.

To my mind it's almost inconceivable that this hasn't been going on.

How could there not be a war for consumer minds to direct their attention towards whatever "solution" the banksters offer when their financial system crashes harder than in 2008?

By all means, decentralized currency must not be seen as a viable alternative.

This kind of operation seems simpler than other disinfo operations, such as the Sunstein-type operations where there are seemingly thousands of posters/commenters with an epistemology so crippled and yet so inflexible as to make it quite obvious that they couldn't possibly really believe what they claim to believe (such as "no planes hit the towers" and "directed energy weapons destroyed the towers", and "nobody died at Sandy Hook").

I made this topic for anyone who spends more time on here than me who is as interested as I in identifying them. It's not self-moderated so it became another long (61 pages) XT/Classic shilling display. Good catch Lauda.

What form of money has been a thread to the FED since 1913. None.

Firstly Bitcoins can be taken down. Secondly if it is, then there is no furture of Altcoins.
Altcoins are alive because of bitcoins.

According to this research, the world's total wealth is $241 trillion. Phail.

I didn't understand the rest of your post, by the way. What does it mean "the first threat to them in over 100 years"?

.... the people in this thread wow..

So you think a multi TRILLION.. 100's.. of Trillions.. perhaps even quadrillion dollar organizations wouldn't attack the first threat to them in over 100 years...

... honestly....

It makes complete sense, but there are something strange in this line of though.

First: who is it that is manipulating information? Don't you think there's too many players to reach a consensus on when, where and how to perpetrate those actions? (e.g. some major group could be attempting a pump & dump, while other major group just got out of one and would operate on the opposite manner...)

Second: if there's such an information conspiracy, how could we, bitcoin lovers and supporters, counter-attack?

Well the good point in this is that it won't really affect the true bitcoiners, those that have faith in crypto.

And that whatever the ressources in the battle, you can't just kill btc, whatever the price there will always be miners taking care of transactions.

This definitely seems familiar. It might bring down bitcoin a little but it won't suffice to bring it to the ground, though, because there's still the lot of us who are using their brains and don't believe everything they're fed with (and our ranks increase with every passing day). Besides, anyone taking too much stuff at face value and not using their brains enough will soon find themselves with nowhere to go but out because in bitcoin anything can happen, thus if you're only here "becuz bitcoin haz bright future lol" you'll leave by your own will quite quickly, most likely to never come back.
So the worst case scenario is a price drop, several weak elements leaving, the others buying at cheap price and price rising back again, with basically only the same reliable people still being there and bitcoin having already achieved the highest degree of recognition that it will ever achieve. It's certainly sad considering all the potential that bitcoin has, but it's still not that bad for those of us here to stay: bitcoin is already great as it is now. And I'm talking about the worst case scenario, here. A sightly better one that could still happen even if we are divided like we are now is a very slow growth. But hey, a slow growth is a growth.

Anyway, we shouldn't be too pessimistic regarding human nature. I say we should wait and see.
Besides, I think that at least several devs are using the FUD to buy at cheap price. I wouldn't be surprised that some of them are being difficult to agree with because they can benefit from the situation. Now if it gets really dangerous they all have a lot to lose too, I say. Consensus is much easier to reach when everyone can see the sword of Damocles hanging over their heads. Everyone has a lot to lose if bitcoin fails. Now some of us have a high decision power to end the FUD. And if motivation is what they need, then time is all we need.
I hope you'll still be in a well enough state after the fight with the big guy to still be able to count if it ever happens, or the remaining guys might notice that you're weakening and maybe seize the opportunity  

Excellent point Lauda, the attack on Bitcoin is basically a attack on all Crypto Currencies. I doubt that a Alt coin shill will go through this much trouble to take down

Bitcoin. This is a collective and concentrated tactic from a group of people to discredit Bitcoin, in an attempt to stop all public Crypto Currencies. My farther

always said, if you are approached by 3 people in a fight, you only need to take down the biggest of the 3... When the biggest guy falls, the other 3 will hesitate and

you will take them down easier or they will run.

This is what you people fail to realize. If Bitcoin dies because of such a reason, then it is most likely that all the other experiments die with it. What is to prevent another coin from suffering the same fate? Nothing.


It does seem like a lot, but it might be just the beginning.