Topic: Is Bitcoin for the people or for the corporations? - page 11. (Read 3088 times)

bitcoin is still the same as it used to be, it still remains for people, even though in fact big financial companies dominate, we can still take part in the games they do.

Bitcoin is designed and created for every people in this world.
The intention is for the people gain the control in the currency.
The demand will give the price to the token.

You should be worried if you sell your Bitcoin. Does big financial institutions are now trying to drag down the price of Bitcoin so they could buy at a very low price and they will also pump it when they are done accumulating it.

I totally agree on you brother , bitcoin is a currency and a currency is welcome for everyone to use but yeah it can be also use for corporation or any organization , like for example if the boss wants to pay the salary of their employees in the form of bitcoin  .

Since you also mentioned the word ico , as far as i know an ico is only created using etherium and not bitcoin but they can use bitcoin or any other cryptos for paying the bounty hunters .

Bitcoin is indeed for people who have joined it and will be useful for people who have used it.
Each company may also be able to use bitcoin but that certainly uses one name and can be managed together.

as u know that bitcoin if the digital currency for all people in the world, so i think the answer id people, but it possible that used for corporations, as we know the corporations start to find the crowdfunding by making an ICO

You are right when it comes to commenting that everyone can own Bitcoin easily. So anyone can own and use it, it is not limited to what the company or any individual use it. Bitcoin does not discriminate so ordinary people can also use it.

I think you are wrong. How can you tell who is owning Bitcoin!!
Besides, any one can buy it, there is no restrictions, it is available for everyone.
We need big companies and corporations to invest in cryptocurrencies to make the market more dynamic.

good comment, and I agree with your opinion, when bitcoin is used for transactions in a large company, then that means the development of bitcoin is very good.

beginners, juniors, seniors, whale, and everyone can have bitcoin.

Bitcoin is decentralised, so it is the currency of businesses and people. Just using it for transactions will not depend on whether you are a business or a regular user so do not ask questions when it has answers.

bitcoin for everyone, the popularity of bitcoin will increase better when adopted by large companies.

but, basically, bitcoin was created for everyone, with the purpose for improving the economy, and avoiding the global crisis.

That's a lot of optimism right there but I think that many people are worried because the banks and the financial institutions  have been stripping us off our right to financial security forever, hence, to me, it is a legit reason to worry about the future of crypto-currencies.

Nope. its because at the first place bitcoin is to all of us. It can be used of every individual people. I can be claimed by the financial institution. We should not be worried because it will not take over from us.Bitcoin is for everyone and not for those huge companies because we make it become known in this industry while some huge comapnies thinkin if it will help their product to grow.

We shouldn't have to worry about the happenings were cooperate organizations are now taken over the freedom that was meat for the people. To be frank with you mate, the freedom is still meant for us the people and not the cooperate societies. In my own view, am holding many couple of cryptocurrencies in my possession, so, am still in control and still got the freedom i needed. The power is for us both as individual and cooperate.

Bitcoin (and cryptocurrencies really) started and became popular because of Silk Road. Galker and Slashdot both published articles explaining how to use bitcoin to make drug purchases on Silk Road. The “people” were using it to circumvent the government’s stranglehold on the purchase of controlled substances.

Massive numbers of people buying on Silk Road caused a continual increase in the exchange rate. The constantly increasing value, combined with illicit exchanges willing to ignore government regulations pertaining to money laundering, created the perfect growth medium for scammers. Fraudulent services and businesses of all kind began springing up around bitcoin. Bitcoin then evolved from a “tool of freedom for the people” to the “greatest criminal invention of all time”.

Several visionary’s understood that they could convince VC money to invest in this new profitable commodity. One of the most notorious of these new investors was the Winklevoss twins. They gave a later convicted felon a large injection of cash to operate an exchange called Bitinstant. The owner/operator of Bitinstant was summarily arrested and convicted of laundering illegal drug money. Attempting to recapture their investment, the Winklevoss twins distanced themselves from Bitinstant and went on to submit an application to the SEC to run their own exchange which was rejected twice. I suppose that makes the Winklevoss twins the dumbest VC investors in the history of the world.

Many young tech savvy bitcoin users (with dollar signs bouncing in front of their eyes) kept soliciting VC money from anyone that would listen. Because venture capital only cares about growth potential, many were drawn to the lofty promises made by starry-eyed bitcoiners. Big money was now investigating bitcoin like never before. This close scrutiny made them realize that the blockchain (distributed database) used by bitcoin was the real prize, not bitcoin the token. A frenzy began where everyone connected with databases in any form or for any purpose wanted to use “blockchain technology” to make themselves rich. Everything from smart contracts, to home sales, to chocolate pudding was going to be using “blockchain technology” from now on. I’m pretty sure Bill Cosby even used blockchain technology to rape a couple of women.

So where does that leave bitcoin? All of the media attention revolving around “bitcoin’s blockchain technology” started creating feverish buying and hoarding around the world by fools that did not realize bitcoin is unnecessary to use blockchain technology. All the while, mining scams, exchange scams, hacks, long cons, scammers and even kidnappings became a plague on bitcoin. The thieving was so good and easy that people began making their coins to recreate the good old days of bitcoin crime. Titcoin, mooncoin, dogecoin, and hundreds more sprang up in cryptoland like someone dumped a pile of manure on a Casascius Coin and grew them.

Media attention and the ETF blunders of the Winklevoss sent the money grubbing brains on Wall Street spinning with dancing sugar plums and dollar signs. This is leading us to Bakkt. Bakkt will be the final nail in the coffin of “bitcoin-the people’s decentralized money” and began the “bitcoin-the centralized pride of Wall Street”. This progression really began when unregistered money laundering exchanges were attacked worldwide. The days of TradeHill, Bitinstant, MtGox and BTCe are long behind us now. Enter the days of AML/KYC, two forms of government ID and big brother. Bitcoin is no longer the “people’s money” it fully belongs to corporations and government regulation. I shed a tear for what could have been.

Whoever wants Bitcoin, he or it can own. The question seems very amateurish, so if you can get Bitcoin from any exchange today without any problems, so there is no difference. If the problem is related to being expensive and if you didn't get it when price was low, then you must agree that the issue is about you.

For both! I found alot of people and companies here https://citaorguk.com/ and some good blogs too...

The main purpose of Bitcoin is for the people to have freedom on their funds without the need for a third party. What happened seems to be the opposite. Institutions and big players are being accused of making big moves and causing waves across the cryptosphere. Manipulation is always present when it comes to money and profit. We cannot evade those things, we just have to ride with the wave.

Bitcoin is mean for individual people to use but many corporations adapt and mostly make it to media.

No matter the big financial institutions that joined Bitcoin investment, it will always and always be for everyone. All crypto enthusiasts have full right to trade and handle Bitcoin as they wish thus we have nothing to worry about.