If bitcoin has enemy (except altcoin) what is it? - page 6.

0t3p0t

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Quote from: MarkAvatar on September 03, 2017, 10:34:47 AM

You can tell me anything what's bitcoin worst enemy is...

Mine is, government!

For me to be fair it is the fiat money which is controlled by the government. Since this battle of assets is not that new but I don't think we call it enemies maybe competitors or rivals and they are in different technology too. The only difference of the two assets is that fiat money is centralized and Bitcoin as decentralized. Governments has control over centralized assets thats why they see a potential threat from these decentralized cryptocurrencies to it's local fiat currency. And they can also see in an angle that cryptocurrencies can be used to fund terrorists, launder money, evade tax, transact drugs and any illegal related activities. So therefore, I think they have to regulate exchanges to monitor our every transactions or they can even reject cryptocurrencies in a specific country.

unbotak

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Quote from: shimbark123 on September 09, 2017, 07:34:46 PM

Think of the worst thing as possible. The greatest enemy of bitcoin for me (except for alternative coins) is FUDS and Dramas. If you can notice, dramas hinders the growth of bitcoin. The fork, china banning ICO'S hinders bitcoins growth. Also FUDS "that bitcoin will no longer exists in the future." And people believes in that and it'll make them sell their bitcoins.

I consider altcoin only as a competitor, hacker acts as an antagonist/protagonist, and the drama you mean also has a great effect on bitcoin fluctuations. But one obvious enemy is the government that explicitly prohibits the use of bitcoins. Same thing they declared war on bitcoin.

shimbark123

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Think of the worst thing as possible. The greatest enemy of bitcoin for me (except for alternative coins) is FUDS and Dramas. If you can notice, dramas hinders the growth of bitcoin. The fork, china banning ICO'S hinders bitcoins growth. Also FUDS "that bitcoin will no longer exists in the future." And people believes in that and it'll make them sell their bitcoins.

Omega Weapon

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Quote from: MarkAvatar on September 03, 2017, 10:34:47 AM

You can tell me anything what's bitcoin worst enemy is...

Mine is, government!

Bankers are the real threat, bitcoin in itself is not a threat to any government, the threat of bitcoin is against banks and their interests, so it makes sense they are the ones that are going to make the greatest efforts to stop bitcoin, they have tried to stop bitcoin adoption by canceling the accounts of some exchanges but it seems they are going to use their greatest puppets, the media and governments.

Skieleton

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Banks, offices and attempts to block cryptocurrency. Bitcoin can not be controlled, it is uncomfortable.

Rinder

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Altcoins arent a problem to bitcoin, even if some of them will replace bitcoin into the future, the current big problems for crypto are two, countries against crypto, and banks frozening accounts and closing exchanges accounts, once we conquer this two crypto can finaly grow.

khufuking

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Quote from: w5pn73 on September 06, 2017, 07:51:52 AM

Quote from: khufuking on September 05, 2017, 05:40:50 AM

The idiots who are keep trying to fork it . At some point the external world that we all spent time telling them how cool is BTC will stop taking BTC serious . And no one will blame them , Who will want to own a currency that keep splitting every few months .

I don't believe forks have that kind of influence anyway,

Everyone can fork a chain, it's very easy.
If not taken care of properly these forks have no value anyway, they are not taken serious.

If we go by your theory we could fork btc 10 times and kill it? Grin

I said trying not successful doing it

. But the FUD we have every time a fork happen will have bad image for outside people who are hearing about it . Don't you agree with me that even from the people that know BTC well there are some that got panic and sold there BTC before the fork ! .

kucritt

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im agree with you, it is a government because if government block and banned all site about bitcoin and currencies it will affect bitcoin price from all world, but i think the biggest enemy from bitcoin is a scammers, its like investment scam site or scam with another motif. imagine that if your bitcoin that you collect got a scam Angry

w5pn73

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Quote from: khufuking on September 05, 2017, 05:40:50 AM

The idiots who are keep trying to fork it . At some point the external world that we all spent time telling them how cool is BTC will stop taking BTC serious . And no one will blame them , Who will want to own a currency that keep splitting every few months .

I don't believe forks have that kind of influence anyway,

Everyone can fork a chain, it's very easy.
If not taken care of properly these forks have no value anyway, they are not taken serious.

If we go by your theory we could fork btc 10 times and kill it? Grin

Ilegendph

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Quote from: drwhobox on September 04, 2017, 10:23:54 PM

Bitcoin's biggest enemies are
1. Goverment ( Some goverments that are banning bitcoin)
2. Banks. It would be the end of banks if bitcoin is on the top of all of them due to anonimity and open to public also easy to use.
3. Community, why? Bitcoin's price would always depend on the community (including us).

For me the 3 is the worst enemy of bitcoin, Government bans bitcoin because it is somehow use in the black market in which the government want to know who are involved in this transactions. Plus bitcoin can be potentially used in terrorism and government of every states dont want that to happen

khufuking

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The idiots who are keep trying to fork it . At some point the external world that we all spent time telling them how cool is BTC will stop taking BTC serious . And no one will blame them , Who will want to own a currency that keep splitting every few months .

iamMhew

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Quote from: MarkAvatar on September 03, 2017, 10:34:47 AM

You can tell me anything what's bitcoin worst enemy is...

Mine is, government!

yeah the number one worst enemy of our so called bitcoin are the governments. recently chinese goverment banned ICO from their country. i dont see any ideal reasons why they chooce to ban this. but i think they want to prove that they are one of the big independent country who not want to use cryptosystem, because of the reason they told that some of ICO are scam but not at all. correct me if im wrong. but this is my side.

NavI_027

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Quote from: Zocadas on September 03, 2017, 11:18:03 AM

Bitcoins worst nightmare would be a crashdown of internet and power.

I agree with you

the biggest enemy of bitcoins and also altcoins is the loss of Internet connection because Internet is the main medium of bitcoin. Bitcoins are used for online transactions, you also save your btc in digital wallets that needs internet to access, mining sites and all sitea where you can earn btc also run with the use of Internet. So if ever one day Internet will vanish (I think that's impossible because we are in Information Age) , the Bitcoins will gone also.

Sullivan456

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The truth is that since China considers illegal ICO, Bitcoin prices unexpectedly dropped

Scorpion

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Bitcoin OG

The ultimate enemy? Ignorance.

Think about all the resistance of Bitcoin stems from. They claim Bitcoin is unreliable, hackable, a pyramid scheme, not worth anything, illegal or for drug dealers. The only way Bitcoin fails is if ignorance prevails.

buwaytress

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Quote from: drwhobox on September 04, 2017, 10:23:54 PM

Bitcoin's biggest enemies are
1. Goverment ( Some goverments that are banning bitcoin)
2. Banks. It would be the end of banks if bitcoin is on the top of all of them due to anonimity and open to public also easy to use.
3. Community, why? Bitcoin's price would always depend on the community (including us).

As the Chinese like to say, threat is the perfect mirror of opportunity. All these so-called enemies have also been - at times - the biggest boost for Bitcoin. More governments are friendly towards it than against. More banks are lining up now to get on board the latest blockchain tech. And the community? Who else is driving up prices if not the buyers (and the sellers!)? We get it, we trade for it, we spend it, we now need it more than ever before. Given the choice between earning fiat and Bitcoin, I'd take the latter any time, even though it gives me an immediate 10% loss (for fees and spreads). That's my belief in it and I know I'm not alone.

setupbounds

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Quote from: MarkAvatar on September 03, 2017, 10:34:47 AM

You can tell me anything what's bitcoin worst enemy is...

Mine is, government!

First of all, seeing the subject "If bitcoin has enemy (except altcoin) what is it?", how can you say that altcoin is an enemy of bitcoin. Altcoin give good trading opportunity to bitcoin users and it also helps to create competition which is always encourging.

Singbatak

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Yes you're right if the government opposes bitcoins we find it hard to get it here.

Just like today. in the chinise goverment as they baned the ICOs. we immediately saw the collapse of almost altcoins and specially the bitcoins. I think that the government can act as a protagonist does not look like we can not develop bitcoins

drwhobox

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- hello doctor who box

Bitcoin's biggest enemies are
1. Goverment ( Some goverments that are banning bitcoin)
2. Banks. It would be the end of banks if bitcoin is on the top of all of them due to anonimity and open to public also easy to use.
3. Community, why? Bitcoin's price would always depend on the community (including us).

CryptoBry

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Quote from: Janation on September 03, 2017, 10:59:43 AM

Quote from: MarkAvatar on September 03, 2017, 10:34:47 AM

You can tell me anything what's bitcoin worst enemy is...

Mine is, government!

I think if there are bitcoin's enemy, it will be the users. We all know that the user's are the most important when it comes to it's value, but even so, the users are the most reason why there are some problems in the blockchain. They keep clogging it, there are a lot of users so there will be always a massive number of transactions. Good thing bitcoin is still being developed.

I don't fully agree that it is the users which should be considered as the enemy of Bitcoin. The reason why there is a clogging is because there are many users...and that is a happy problem actually. The sad problem is if no one will be using Bitcoin anymore as that mean the death of that coin. The more activities there are the better for the coin that is why we need to scale up the capacity of Bitcoin so that it can serve more and more transactions.

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