How fragile is the pot we're putting our money in? - page 2.

bitserve

legendary

Activity: 1862

Merit: 1530

Self made HODLER ✓

Quote from: deepcolderwallet on June 22, 2017, 10:02:17 PM

Quote from: cpfreeplz on June 22, 2017, 09:56:35 PM

Breaking news 2018: Trump wants to take over bitcoins and orders all of America to fight the war on cryptocurrencies by developing their own super asic to beat the Chinese at their own game. Every American will have to buy an asic and join TrumoPool to enjoy their freedoms. 51% attack to follow.

That definitely would MAGA. If POTUS decide not to shut crypto down, we would get finally rid of Wu's evil empire.

As much as I don't like Wu tactics, there's something your should consider. Wu is way more invested in Bitcoin than 99.99% so, no matter what tactics he employs in the short/medium term it is in his best interest that Bitcoin is a fucking success in the long term.

deepcolderwallet

full member

Activity: 294

Merit: 103

Quote from: cpfreeplz on June 22, 2017, 09:56:35 PM

Breaking news 2018: Trump wants to take over bitcoins and orders all of America to fight the war on cryptocurrencies by developing their own super asic to beat the Chinese at their own game. Every American will have to buy an asic and join TrumoPool to enjoy their freedoms. 51% attack to follow.

That definitely would MAGA. If POTUS decide not to shut crypto down, we would get finally rid of Wu's evil empire.

deepcolderwallet

full member

Activity: 294

Merit: 103

Quote from: Cranky4u on June 22, 2017, 09:50:33 PM

Use a public campaign claiming BTC is used for money laundering, funding criminals / terroists and unsafe. Oh, hang on, they have already been saying that for the past 5 years...

Anyone else agree we are already past the fight section?

I think we are now in the 'lets compete by making an authorised version' hence the big banks and government moving to blockchain technology whilst still ridiculing crypto-currencies in general.

This is a losing tactic. I believe Bitcoin is anti-fragile, public campaigns would only raise attention for Bitcoin.

cpfreeplz

legendary

Activity: 966

Merit: 1042

Breaking news 2018: Trump wants to take over bitcoins and orders all of America to fight the war on cryptocurrencies by developing their own super asic to beat the Chinese at their own game. Every American will have to buy an asic and join TrumoPool to enjoy their freedoms. 51% attack to follow.

Cranky4u

hero member

Activity: 810

Merit: 1000

Use a public campaign claiming BTC is used for money laundering, funding criminals / terroists and unsafe. Oh, hang on, they have already been saying that for the past 5 years...

Anyone else agree we are already past the fight section?

I think we are now in the 'lets compete by making an authorised version' hence the big banks and government moving to blockchain technology whilst still ridiculing crypto-currencies in general.

deepcolderwallet

full member

Activity: 294

Merit: 103

The main threats to Bitcoin are widely known, like 51% attack, Quantum computing breaking criptography, etc.

But based on this:

Although we all wish Bitcoin will some day be the #1 in value exchange worldwide adopted, it's easy to see that economically speaking Bitcoin is still a dwarf.

I can imagine many reasons Bankers and/or Governments would want to shut down and forbid decentralized trustless criptocurrencies. So what is stopping them to do this?

You'll say: 1st they ignore you, then they laugh at you, then they fight you and then (maybe) you win.

In my opinion Bitcoin economic size puts it in the "they laugh at you" level, as we can see MSM is doing in this: https://news.bitcoin.com/mainstream-journalist-makes-bizarre-attempt-at-living-for-a-week-using-bitcoin/

If I'm right, the next step is "they fight you".

How do you fellows see weapons and tactics to take Bitcoin over by a powerful agent? Don't even need to bring a counter-attack tactic, just how would you smart guys do that if you had unlimited economic power.

Topic: How fragile is the pot we're putting our money in? - page 2. (Read 2481 times)