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Topic: If not for Bitcoin - page 5. (Read 696 times)

hero member
Activity: 854
Merit: 663
October 05, 2023, 09:54:26 AM
#10
If you preach "Not your keys, not your coins", why are you advertising a custodian in your signature?
Because the only way to achieve a maximum privacy is through centralized mixer, using Coinjoin or convert to other privacy coins are still leaving a trace. Of course this need a trust from the user before use the service. But they have a decent reputation and wouldn't easily to disappear.
member
Activity: 378
Merit: 93
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October 05, 2023, 09:41:05 AM
#9
Who would have ever known that from the start of 2021
Plenty of us.

There are plenty of us who have been preaching "Not your keys, not your coins" since the dawn of centralized exchanges, and there are plenty of us who don't throw their money away on random shitcoins with no purpose other than to make their creators rich.

Here's a post I made in January of 2021 warning about the risks of BlockFi: https://bitcointalksearch.org/topic/m.56070076
And here's a post I made in February of 2021 warning about both BlockFi and Celsius: https://bitcointalksearch.org/topic/m.56289293

Upon all this event that has took place,  the crypto industry would have completely collapse if not for the confidence and trust investors have in Bitcoin.
I don't care if the "crypto industry" collapses. 99% of altcoins are outright scams. Centralized exchanges and lending platforms only care about their own profits, and will happily scam their customers, gamble their funds, run fractional reserve, and so on. ICOs, then DeFi, then NFTs, then Ordinals - all short lived pump and dump nonsense designed only to rip off average users and take their money.

Bitcoin worked long before any of this nonsense, and bitcoin will continue to work long after all these stupid fads and scammy centralized exchanges have collapsed.

If you preach "Not your keys, not your coins", why are you advertising a custodian in your signature?
hero member
Activity: 784
Merit: 672
Top Crypto Casino
October 05, 2023, 09:30:19 AM
#8
That's really true, it's only because of Bitcoin the crypto-currency market is still surviving. The so-called Luna's collapse and depegging of it's so-called LunaUSD discouraged so many investors and a few started claiming that crypto-market is scam and can not be trusted, but because of Bitcoin we are still having the market kicking in last quarter of 2023. The investors who invested in FTX or Luna lost a lot of money due to that unresearched investment. If they had invested in Bitcoin then they wouldn't lose anything at all.
sr. member
Activity: 854
Merit: 424
I stand with Ukraine!
October 05, 2023, 09:22:21 AM
#7
The other thread is not bad and has earned you some merits but I would recommend you not to open too many threads just expressing what you think or people may get tired of it.
They will never feel tired of it.  Cheesy

Quote
That said, you are probably right that if it were not for Bitcoin the cryptocurrency industry would have gone much further downhill and possibly collapsed, although it is very difficult to make any claims about what would have happened if what has, in fact, happened had not happened. It enters the realm of pure mental philosophy or speculation.
History has been made and Bitcoin has set up solid foundation for evolution of blockchain industry, even it is not a first cryptocurrency [1]. We can assume, if Bitcoin had not succeed, there would have been another cryptocurrency achieving the success of Bitcoin.

Reality is Bitcoin already did it and so far, since 2009, there is no other cryptocurrency can surpass Bitcoin.

About decentralization, only Monero can have it but still can not compete and take over a King position of Bitcoin.

[1] Bitcoin prehistory
member
Activity: 96
Merit: 13
October 05, 2023, 09:19:12 AM
#6
The other thread is not bad and has earned you some merits but I would recommend you not to open too many threads just expressing what you think or people may get tired of it.
Noted sir, thank you
sr. member
Activity: 728
Merit: 388
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October 05, 2023, 09:17:54 AM
#5
Yeah, who would have thought these companies will collapse? But I always have different ways of looking at these companies, maybe FTX have other intent of calling for bankruptcy if CZ hadn't spoiled the show for him?

All in the name of 'we went bankrupt, people can still use that as an advantage, anyway enough of the James bond sixth sense, I believe that these events must happen for crypto to collapse very hard, it's like a monopoly, this is just my own mind saying things, it doesn't mean they are facts.

Such events will always keep happening in the future, that's why decentralization is very scarce in this space, it's a big sign that everything centralized is highly manipulated, trust not any CEX with your Bitcoin, no company, banks, or government entities can keep your Bitcoin safe than your non-custodial wallet.
legendary
Activity: 2268
Merit: 18711
October 05, 2023, 09:12:30 AM
#4
Who would have ever known that from the start of 2021
Plenty of us.

There are plenty of us who have been preaching "Not your keys, not your coins" since the dawn of centralized exchanges, and there are plenty of us who don't throw their money away on random shitcoins with no purpose other than to make their creators rich.

Here's a post I made in January of 2021 warning about the risks of BlockFi: https://bitcointalksearch.org/topic/m.56070076
And here's a post I made in February of 2021 warning about both BlockFi and Celsius: https://bitcointalksearch.org/topic/m.56289293

Upon all this event that has took place,  the crypto industry would have completely collapse if not for the confidence and trust investors have in Bitcoin.
I don't care if the "crypto industry" collapses. 99% of altcoins are outright scams. Centralized exchanges and lending platforms only care about their own profits, and will happily scam their customers, gamble their funds, run fractional reserve, and so on. ICOs, then DeFi, then NFTs, then Ordinals - all short lived pump and dump nonsense designed only to rip off average users and take their money.

Bitcoin worked long before any of this nonsense, and bitcoin will continue to work long after all these stupid fads and scammy centralized exchanges have collapsed.
legendary
Activity: 1372
Merit: 2017
October 05, 2023, 09:07:13 AM
#3
The other thread is not bad and has earned you some merits but I would recommend you not to open too many threads just expressing what you think or people may get tired of it.

That said, you are probably right that if it were not for Bitcoin the cryptocurrency industry would have gone much further downhill and possibly collapsed, although it is very difficult to make any claims about what would have happened if what has, in fact, happened had not happened. It enters the realm of pure mental philosophy or speculation.
hero member
Activity: 854
Merit: 663
October 05, 2023, 09:05:40 AM
#2
The only thing I agree is Luna because this is an another coin, which completely has no relation with Bitcoin.

While 3AC, Blockfi, Celsius, Voyager, and FTX were a centralized sites e.g. exchange, lending, hedge fund that people use to hold their Bitcoins, so even you're trust Bitcoin, you will lose your coins if you hold it in a centralized sites.
member
Activity: 96
Merit: 13
October 05, 2023, 08:54:56 AM
#1
When I saw the benefits of having Bitcoin, I take it as a financial suicide not having Bitcoin.

Who would have ever known that from the start of 2021, that;

_3AC(crypto biggest VC) would subsequently collapse.

_ Blockfi, Celsius and voyagar would go under.

_FTX would implode, and SBF being exposed as one of the world biggest fraudster in financial history.

_ Luna would go to 0.


Upon all this event that has took place,  the crypto industry would have completely collapse if not for the confidence and trust investors have in Bitcoin.
It has kept the crypto industry running, just look at Bitcoin today, it's still standing strong above 27k.
If not for Bitcoin, we would have all went home sad.
Cheers to all the bitcoineers
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