Old multi-millionaire bankster dinosaur:
"OK team, we need a coordinated effort to stamp out bitcoin. We must nip it in the bud because the idea is too powerful and a threat to the present monetary system. It cuts out middlemen and fees from our financial system and in general makes banking and wealth preservation dangerously easy for the people. And once people understand that by adopting this currency early that they will benefit financially, the idea will be truly unstoppable!!
Now, get to work team, you know what to do!"
Team of young smart non-multimillionaires:
"Hmm, I think I should buy some of these bitcoins in case his plan doesn't work out."
Anti-fragility at work.
Topic: Is there currently a coordinated effort by CB's to destroy cryptocurrencies? - page 2. (Read 2288 times)
December 18, 2013, 11:24:59 PM
December 18, 2013, 11:13:42 PM
Of course, you think the banks will sit back and release any control to crypto. They will try to stamp it out asap.
Crypto needs to adapt or die.
Crypto needs to adapt or die.
December 18, 2013, 11:06:41 PM
My question is, is there a coordinated effort by Central Banks to completely destroy cryptocurrencies?
I see articles like this:
http://dealbook.nytimes.com/2013/12/18/bitcoin-collides-with-government-concerns/?partner=yahoofinance
And I see all these countries Central Banks from around the world bashing Bitcoin at roughly the same time.
The article mentions China, The European Banking Authority, Denmark, Norway, New Zealand, and Australia.
It doesn't even mention how France's CB spoke out against it, and how there are a lot of rumors circulating that the Indian central bank plans to do the same thing, as well as possibly induce regulations.
This is all in the past few days.
Bitcoins and other cryptocurrencies are turning out to not be tulips, which lost value as people realized their real worth. They are something else, because governments and banks all around the world are collectively working to stamp these things out.
It's time for a real revolution in cryptocurrency. It's time for the ultimate test of cryptos. We need to abandon its fiat value all together. We need to come to a point where the value of cryptos can only be measured in other cryptos. And we need decentralized exchanges to come into order to make this a reality. The tables have turned, and if we want these things to succeed, we need to adjust to the clearly mounting conditions against us.
These very recent developments from banks and governments are NO coincidence. There is now a concentrated effort to destroy the currencies, and this is only possible if we play by their rules. So it is time to abandon their rules altogether.
Admittedly, I am a holder of StableCoin. All of my money is in it, and I don't own one bit of Bitcoin. But I can see the clear threat here, and if we don't increase the value of all cryptos relative to each other, and don't make it easier for merchants to accept one type of coin for another, rather than accepting coin to simply convert to cash, we will always be at odds, and always be on the terms of the very people who want these currencies destroyed.
That's my rant. Something needs to be done, and very soon. That is all. Thank you for listening.
I see articles like this:
http://dealbook.nytimes.com/2013/12/18/bitcoin-collides-with-government-concerns/?partner=yahoofinance
And I see all these countries Central Banks from around the world bashing Bitcoin at roughly the same time.
The article mentions China, The European Banking Authority, Denmark, Norway, New Zealand, and Australia.
It doesn't even mention how France's CB spoke out against it, and how there are a lot of rumors circulating that the Indian central bank plans to do the same thing, as well as possibly induce regulations.
This is all in the past few days.
Bitcoins and other cryptocurrencies are turning out to not be tulips, which lost value as people realized their real worth. They are something else, because governments and banks all around the world are collectively working to stamp these things out.
It's time for a real revolution in cryptocurrency. It's time for the ultimate test of cryptos. We need to abandon its fiat value all together. We need to come to a point where the value of cryptos can only be measured in other cryptos. And we need decentralized exchanges to come into order to make this a reality. The tables have turned, and if we want these things to succeed, we need to adjust to the clearly mounting conditions against us.
These very recent developments from banks and governments are NO coincidence. There is now a concentrated effort to destroy the currencies, and this is only possible if we play by their rules. So it is time to abandon their rules altogether.
Admittedly, I am a holder of StableCoin. All of my money is in it, and I don't own one bit of Bitcoin. But I can see the clear threat here, and if we don't increase the value of all cryptos relative to each other, and don't make it easier for merchants to accept one type of coin for another, rather than accepting coin to simply convert to cash, we will always be at odds, and always be on the terms of the very people who want these currencies destroyed.
That's my rant. Something needs to be done, and very soon. That is all. Thank you for listening.
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