If Bitcoin fails.. - page 4. | Bitcointalksearch.org

BADecker

legendary

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Quote from: QuestionAuthority on January 09, 2015, 11:52:50 AM

Quote from: BADecker on January 09, 2015, 11:46:42 AM

The U.S. government didn't invent Bitcoin. They don't have the knowledge of how to hack or corrupt it. At least not in the coding. The thing that they excel at is using Bitcoin. Bitcoin provides a perfect means for some in government to covertly move funds all over the world with reasonable anonymity. They love Bitcoin. They wouldn't destroy it even if they could.

I agree that there is a reasonable level of anonymity against individuals but not against governments.

Governments are made up of people, often who are notoriously ungoverned. Government people can use the anonymity offered by Bitcoin even better than the individual can.

QuestionAuthority

legendary

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You lead and I'll watch you walk away.

Quote from: BADecker on January 09, 2015, 11:46:42 AM

The U.S. government didn't invent Bitcoin. They don't have the knowledge of how to hack or corrupt it. At least not in the coding. The thing that they excel at is using Bitcoin. Bitcoin provides a perfect means for some in government to covertly move funds all over the world with reasonable anonymity. They love Bitcoin. They wouldn't destroy it even if they could.

I agree that there is a reasonable level of anonymity against individuals but not against governments.

BADecker

legendary

Activity: 3990

Merit: 1385

The U.S. government didn't invent Bitcoin. They don't have the knowledge of how to hack or corrupt it. At least not in the coding. The thing that they excel at is using Bitcoin. Bitcoin provides a perfect means for some in government to covertly move funds all over the world with reasonable anonymity. They love Bitcoin. They wouldn't destroy it even if they could.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: tvbcof on January 09, 2015, 11:36:20 AM

Quote from: QuestionAuthority on January 09, 2015, 10:34:17 AM

Quote from: ?? on ??

I learned fiat currency is suck & privacy is very important

But Bitcoin is less private than cash in your hand. If I pay someone in person with a stack of 100s that transaction isn't broadcast all over the world for anyone to analyze. If I go to localbitcoins and trade in person I'm trading with everyone on the planet. Governments should love it's money tracking potential. I'm surprised the U.S. government isn't sponsoring a Bitcoin float in the Thanksgiving day parade.

You sure that the govt (U.S.) have not done practically this? The response in the U.S. has been vastly more friendly than a lot of us (including myself) had predicted, and the same goes for the mainstream media who are for all intents and purposes appendages of corp/gov by this time. Since 2013-ish, firms who play ball are allowed to operate seemingly with no friction. To top it off, we peons in the space get the same kind of favorable tax treatment afforded to rich people in the fairly low long term capital gains rates. About the only time to govt does anything remotely negative about Bitcoin is when someone makes it practically impossible for them to do otherwise (Dumbshit Pirate Roberts, Shrem, etc.)

No, I'm not sure they haven't done this. That's why I earnestly read about advancements in anonymity coins like Darkcoin.

tvbcof

legendary

Activity: 4760

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Quote from: QuestionAuthority on January 09, 2015, 10:34:17 AM

Quote from: ?? on ??

I learned fiat currency is suck & privacy is very important

But Bitcoin is less private than cash in your hand. If I pay someone in person with a stack of 100s that transaction isn't broadcast all over the world for anyone to analyze. If I go to localbitcoins and trade in person I'm trading with everyone on the planet. Governments should love it's money tracking potential. I'm surprised the U.S. government isn't sponsoring a Bitcoin float in the Thanksgiving day parade.

You sure that the govt (U.S.) have not done practically this? The response in the U.S. has been vastly more friendly than a lot of us (including myself) had predicted, and the same goes for the mainstream media who are for all intents and purposes appendages of corp/gov by this time. Since 2013-ish, firms who play ball are allowed to operate seemingly with no friction. To top it off, we peons in the space get the same kind of favorable tax treatment afforded to rich people in the fairly low long term capital gains rates. About the only time to govt does anything remotely negative about Bitcoin is when someone makes it practically impossible for them to do otherwise (Dumbshit Pirate Roberts, Shrem, etc.)

BADecker

legendary

Activity: 3990

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Bitcoin is based on technology built over decades of technological advancement by thousands of people. Bitcoin isn't simply Satoshi and the Devs. Bitcoin is the whole dedicated system of electronics, computers, telecommunications, the electrical grid, and everything else that upholds the "system," including the need and greed of the people.

All nations fall. All systems crash. Bitcoin will fail, but it won't happen easily.

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

If Bitcoin fails, I'll have no choice but to go back to the ancient dark days of fiat money...

I don't want to, but if it's there's no choice, then I must do what I must to survive. Sad

BittBurger

hero member

Activity: 924

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Quote from: viboracecata on May 31, 2013, 04:25:19 AM

I learned greed is basic characteristic of social people.

This may sound mean, but i've learned through the last 2.5 years that the vast majority of human beings are not intelligent.

Primarily through reading countless ignorant comments under Bitcoin news articles, friends, family, etc.

-B-

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: ?? on ??

I learned fiat currency is suck & privacy is very important

But Bitcoin is less private than cash in your hand. If I pay someone in person with a stack of 100s that transaction isn't broadcast all over the world for anyone to analyze. If I go to localbitcoins and trade in person I'm trading with everyone on the planet. Governments should love it's money tracking potential. I'm surprised the U.S. government isn't sponsoring a Bitcoin float in the Thanksgiving day parade.

spazzdla

legendary

Activity: 1722

Merit: 1000

Emotion will lose you money.

Giggs

member

Activity: 65

Merit: 10

Quote from: raze on May 31, 2013, 04:21:45 AM

Even if it fails (which I don't think it will), I'll still be able to walk away with some very basic knowledge economics, trading and cryptography.

What have you learned from Bitcoin?

The main thing I have learned is that there are much more greedy, dishonest idiots than there are honest, intelligent people who believe in a great idea. Sad really.

arieq

sr. member

Activity: 364

Merit: 256

I dont think bitcoin will fail. If I look at where we stand today with bitcoin, could the market ever have hoped for better?

This is reality and it is not too bad at all. In fact, the market matured a lot in a very short time, and all troubling issues have been addressed or are being addressed.

HeroCat

hero member

Activity: 658

Merit: 500

BTC will not fail, BTC have world wide expanding

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

I have learned from myself that sometimes FUD can weaken my strength of conviction until I zoom out.

Pecunia non olet

full member

Activity: 882

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PayAccept - Worldwide payments accepted in seconds

i have learned not to buy into an inflationary currency - particularly not into a hyped and inflationary one because hype and inflation don't go so well together.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

I learned that reality, facts and proof have little to do with personal beliefs. Actually, christianity taught me that. Bitcoin just reinforced it.

tvbcof

legendary

Activity: 4760

Merit: 1283

Quote from: raze on May 31, 2013, 04:21:45 AM

...
What have you learned from Bitcoin?

To take even more profits at the 100x point next time.

Ume

full member

Activity: 210

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Finding oNlinE JoB ---=== :)

Quote from: botany on January 08, 2015, 12:46:36 PM

Quote from: Ume on January 07, 2015, 08:44:18 AM

i have learned that sharing is the best policy from bitcoin

And that is going to help you if Bitcoin fails?

nah i just learned this !!

botany

legendary

Activity: 1582

Merit: 1064

Quote from: Ume on January 07, 2015, 08:44:18 AM

i have learned that sharing is the best policy from bitcoin

And that is going to help you if Bitcoin fails?

Ume

full member

Activity: 210

Merit: 100

Finding oNlinE JoB ---=== :)

i have learned that sharing is the best policy from bitcoin

Topic: If Bitcoin fails.. - page 4. (Read 9519 times)