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Topic: is this bad or good news? - page 2. (Read 4134 times)

member
Activity: 112
Merit: 10
★Bitin.io★ - Instant Exchange
March 16, 2015, 01:48:42 AM
#55
I really do believe that if Bitcoin was to die, it would have died a long time ago. Sure it might drop in price but this technology will be around a lot longer than you think.
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
March 16, 2015, 12:23:52 AM
#54
https://www.cryptocoinsnews.com/bitcoin-value-gets-boost-fed/

IBM AND THE FEDERAL GOVERNMENT ARE NOW ON THE CRYPTO CURRENCY BANDWAGON AND IT SAYS THIS WILL "REPLACE" BITCOIN,NOT THAT THAT IS POSSIBLE BUT THIS IS BAD RIGHT?

When google created google + it didn't kill facebook, did it ?
No. Your analogy is just not accurate. If you want to put it that way you should say rather: "and then people created coin LiteCoin, DogeCoin, DarkCoin, PayCoin and dozen other coins and any of it didn't kill bitcoin". This is the analogy we are looking here. I fear than IBM might create something that will be just another sophisticated altcoin with maybe better code or some upgrades and of course with full blessing of US government and Federal Reserve System.
legendary
Activity: 2296
Merit: 1031
March 16, 2015, 12:08:55 AM
#53
The fact that people are basically making their own money brings into question the efficiency of the government doing it.  I'm all for financial independence away from government control but I'm not so sure the government would ever want to give up that control.

So, if it's an effort to get rid of bitcoin... it probably won't work unless everyone decides that bitcoin is crap which is something that could be proven or other wise proven wrong if anyone wants to try hard enough.
full member
Activity: 171
Merit: 100
March 16, 2015, 12:04:33 AM
#52
It would not kill bitcoin for the moment, such as stellar or the other, whether it can kill bitcoin and other coins? I think not, instead it will enliven the existing situation in the world cryptocurrency
legendary
Activity: 1106
Merit: 1000
March 15, 2015, 12:35:35 PM
#51
Dumpppppp  Roll Eyes

But no, its unfortunate that so many people are uneducated in terms of bitcoin, that they won't see past the government's bullshit if they do try to make bitcoin illegal in the next while. That said, its also hard to expect so many people to understand all the technical aspects that make bitcoin so brilliant as it is a quite complicated system.



I don't know how my computer works but I understand what it does. Likewise no one needs to know the tech to know what Bitcoin provides. Nerds hiding behind the tech who don't understand why abitcoin was even made don't understand Bitcoin. Satoshi clearly though he understood the tech understood what he was fighting against when he inserted the newspaper article on the BOE. No one is saying Bitcoin is not superior but it could easily be sidelined just like Gold is even though it's infinetly superior to fiat.

Yeah, that's true. But the reason for it being sidelined is due to lack of popularity, but also the lack of understanding in why bitcoin is superior to fiat. If people actually learned about bitcoin instead of listening to the media that makes it seem like a sketchy thing used for illegal purposes, it would be much more used and much more difficult to replace


Who owns most of the media?  And don't say I'm being a paranoid, there has been a systematic and consistent attack on Bitcoin in the media.

Exactly. The government does. That's why people should learn to think for themselves instead of soaking up and believing everything they're being fed


Yeah good luck with that.....

http://techcrunch.com/2014/12/16/these-were-the-10-top-trending-searches-on-google-in-2014/
sr. member
Activity: 980
Merit: 260
March 15, 2015, 10:51:14 AM
#50
Dumpppppp  Roll Eyes

But no, its unfortunate that so many people are uneducated in terms of bitcoin, that they won't see past the government's bullshit if they do try to make bitcoin illegal in the next while. That said, its also hard to expect so many people to understand all the technical aspects that make bitcoin so brilliant as it is a quite complicated system.



I don't know how my computer works but I understand what it does. Likewise no one needs to know the tech to know what Bitcoin provides. Nerds hiding behind the tech who don't understand why abitcoin was even made don't understand Bitcoin. Satoshi clearly though he understood the tech understood what he was fighting against when he inserted the newspaper article on the BOE. No one is saying Bitcoin is not superior but it could easily be sidelined just like Gold is even though it's infinetly superior to fiat.

Yeah, that's true. But the reason for it being sidelined is due to lack of popularity, but also the lack of understanding in why bitcoin is superior to fiat. If people actually learned about bitcoin instead of listening to the media that makes it seem like a sketchy thing used for illegal purposes, it would be much more used and much more difficult to replace


Who owns most of the media?  And don't say I'm being a paranoid, there has been a systematic and consistent attack on Bitcoin in the media.

Exactly. The government does. That's why people should learn to think for themselves instead of soaking up and believing everything they're being fed
legendary
Activity: 1106
Merit: 1000
March 15, 2015, 10:27:59 AM
#49
Dumpppppp  Roll Eyes

But no, its unfortunate that so many people are uneducated in terms of bitcoin, that they won't see past the government's bullshit if they do try to make bitcoin illegal in the next while. That said, its also hard to expect so many people to understand all the technical aspects that make bitcoin so brilliant as it is a quite complicated system.



I don't know how my computer works but I understand what it does. Likewise no one needs to know the tech to know what Bitcoin provides. Nerds hiding behind the tech who don't understand why abitcoin was even made don't understand Bitcoin. Satoshi clearly though he understood the tech understood what he was fighting against when he inserted the newspaper article on the BOE. No one is saying Bitcoin is not superior but it could easily be sidelined just like Gold is even though it's infinetly superior to fiat.

Yeah, that's true. But the reason for it being sidelined is due to lack of popularity, but also the lack of understanding in why bitcoin is superior to fiat. If people actually learned about bitcoin instead of listening to the media that makes it seem like a sketchy thing used for illegal purposes, it would be much more used and much more difficult to replace


Who owns most of the media?  And don't say I'm being a paranoid, there has been a systematic and consistent attack on Bitcoin in the media.
sr. member
Activity: 980
Merit: 260
March 15, 2015, 09:51:36 AM
#48
Dumpppppp  Roll Eyes

But no, its unfortunate that so many people are uneducated in terms of bitcoin, that they won't see past the government's bullshit if they do try to make bitcoin illegal in the next while. That said, its also hard to expect so many people to understand all the technical aspects that make bitcoin so brilliant as it is a quite complicated system.



I don't know how my computer works but I understand what it does. Likewise no one needs to know the tech to know what Bitcoin provides. Nerds hiding behind the tech who don't understand why abitcoin was even made don't understand Bitcoin. Satoshi clearly though he understood the tech understood what he was fighting against when he inserted the newspaper article on the BOE. No one is saying Bitcoin is not superior but it could easily be sidelined just like Gold is even though it's infinetly superior to fiat.

Yeah, that's true. But the reason for it being sidelined is due to lack of popularity, but also the lack of understanding in why bitcoin is superior to fiat. If people actually learned about bitcoin instead of listening to the media that makes it seem like a sketchy thing used for illegal purposes, it would be much more used and much more difficult to replace
legendary
Activity: 1106
Merit: 1000
March 15, 2015, 09:28:38 AM
#47
Dumpppppp  Roll Eyes

But no, its unfortunate that so many people are uneducated in terms of bitcoin, that they won't see past the government's bullshit if they do try to make bitcoin illegal in the next while. That said, its also hard to expect so many people to understand all the technical aspects that make bitcoin so brilliant as it is a quite complicated system.



I don't know how my computer works but I understand what it does. Likewise no one needs to know the tech to know what Bitcoin provides. Nerds hiding behind the tech who don't understand why abitcoin was even made don't understand Bitcoin. Satoshi clearly though he understood the tech understood what he was fighting against when he inserted the newspaper article on the BOE. No one is saying Bitcoin is not superior but it could easily be sidelined just like Gold is even though it's infinetly superior to fiat.
sr. member
Activity: 980
Merit: 260
March 15, 2015, 09:00:46 AM
#46
Dumpppppp  Roll Eyes

But no, its unfortunate that so many people are uneducated in terms of bitcoin, that they won't see past the government's bullshit if they do try to make bitcoin illegal in the next while. That said, its also hard to expect so many people to understand all the technical aspects that make bitcoin so brilliant as it is a quite complicated system.
legendary
Activity: 1106
Merit: 1000
March 15, 2015, 07:03:53 AM
#45
You can't simply make something new and be sure it will replace the old thing. They are forgetting one important thing: the community.
Just like Dogecoin isn't anything innovative or groundbreaking, but it is supported and on the other hand the "government's innovations" are not.

The community Smiley. I don't want to be a party popper but the BTC community is still negligibly small, and a part of it not in BTC because of whateverism but for grabbing some "internet money" and cash out in fiat asap. (Means: they are not really what I'd call hardcore bitcoin fans). Shortly: the govt not  going to give a shit about the opinion of this community.


Someone gets it. I can't beleive people are completely unfazed by comparing the voluntary uptake of Bitcoin by a few thousand dorks (yeah that's what we are) and the compulsory implementation of a digital dollar by the most powerful financial organisation on earth. I still hope Bitcoin will like a good virus kill the present system but we can't underestimate our opposition.

Better minds than me get this.

http://www.maxkeiser.com/2015/03/red-alert-ibm-moves-to-create-a-centralized-central-bank-controlled-blockchain-for-currency-control/
legendary
Activity: 1512
Merit: 1000
March 15, 2015, 06:14:13 AM
#44
You can't simply make something new and be sure it will replace the old thing. They are forgetting one important thing: the community.
Just like Dogecoin isn't anything innovative or groundbreaking, but it is supported and on the other hand the "government's innovations" are not.

The community Smiley. I don't want to be a party popper but the BTC community is still negligibly small, and a part of it not in BTC because of whateverism but for grabbing some "internet money" and cash out in fiat asap. (Means: they are not really what I'd call hardcore bitcoin fans). Shortly: the govt not  going to give a shit about the opinion of this community.
hero member
Activity: 938
Merit: 1000
March 15, 2015, 05:46:10 AM
#43
https://www.cryptocoinsnews.com/bitcoin-value-gets-boost-fed/

IBM AND THE FEDERAL GOVERNMENT ARE NOW ON THE CRYPTO CURRENCY BANDWAGON AND IT SAYS THIS WILL "REPLACE" BITCOIN,NOT THAT THAT IS POSSIBLE BUT THIS IS BAD RIGHT?

When google created google + it didn't kill facebook, did it ?
nice words
i think if they really create a new coin to replace bitcoin it just be another altcoin with back up asset
and it can be succeed if many people support that, but i don't think so if government participate

legendary
Activity: 1106
Merit: 1000
March 14, 2015, 10:15:28 PM
#42
You mean like the global reserve we have now? Most dollars live their whole life digitally.

I'm pretty sure the world would accept a version of Bitcoin which was a digital dollar used by mobiles etc for payments yeah absolutely and I'm pretty awake.

No one said bitcoin would die, I'm saying its can be bypassed very easily and potentially made illegal.

Are you talking about the world or the US, because I just lost you there. The world doesn't accept dollar in the way that you can just march into a store somewhere in Germany with a bunch of greens. You won't see global currency in the form of electronic dollar or Bitcoin any time soon. Same thing with a ban, even if one country decides to go for it the world won't follow, because the world doesn't see Bitcoin as a thread, but rather a game changing technology. Look how for example cannabis is treated around the world. In some countries you can go to jail for smoking and in other you can do it in public. Same thing with Bitcoin, it's completely legal, but I doubt it would be possible to make it completely illegal.


It was you that said the global currency couldnt be a digital Bitcoin type currency and I jsut corrected you that it already is. Of course individual countries have theor own fiat used by the population but the major trade is often in Dollars. Due to central banks being all linked then each country having a differnt picture on the front doesnt make it anymore a digital fiat printed by central banks. A digital dollar from the FED could very easily be implemented with a digital Pound....Franc....etc from the ECB and individual central banks.

By the way its a mistake to think nation borders matter that much in this discussion. I'm not American by the way.
sr. member
Activity: 756
Merit: 250
Infleum
March 14, 2015, 09:41:53 PM
#41
You mean like the global reserve we have now? Most dollars live their whole life digitally.

I'm pretty sure the world would accept a version of Bitcoin which was a digital dollar used by mobiles etc for payments yeah absolutely and I'm pretty awake.

No one said bitcoin would die, I'm saying its can be bypassed very easily and potentially made illegal.

Are you talking about the world or the US, because I just lost you there. The world doesn't accept dollar in the way that you can just march into a store somewhere in Germany with a bunch of greens. You won't see global currency in the form of electronic dollar or Bitcoin any time soon. Same thing with a ban, even if one country decides to go for it the world won't follow, because the world doesn't see Bitcoin as a thread, but rather a game changing technology. Look how for example cannabis is treated around the world. In some countries you can go to jail for smoking and in other you can do it in public. Same thing with Bitcoin, it's completely legal, but I doubt it would be possible to make it completely illegal.
hero member
Activity: 1022
Merit: 500
March 14, 2015, 07:51:40 PM
#40
https://www.cryptocoinsnews.com/bitcoin-value-gets-boost-fed/

IBM AND THE FEDERAL GOVERNMENT ARE NOW ON THE CRYPTO CURRENCY BANDWAGON AND IT SAYS THIS WILL "REPLACE" BITCOIN,NOT THAT THAT IS POSSIBLE BUT THIS IS BAD RIGHT?

When google created google + it didn't kill facebook, did it ?
legendary
Activity: 1106
Merit: 1000
March 14, 2015, 02:36:22 PM
#39
You can't simply make something new and be sure it will replace the old thing. They are forgetting one important thing: the community.
Just like Dogecoin isn't anything innovative or groundbreaking, but it is supported and on the other hand the "government's innovations" are not.


snip.... i'm just a sore loser


Let me guess, your alt coins venture failed miserably so now you're being a hater in here? Get the fck back to your altcoin forum, dumb ass



Haha he's so salty Cheesy

The community. Hahahahaha sorry that's a good one. So you think .000001 % or less of the world population will drive a new global currency.
(...)
People need to wake the fuck up on this forum.

Because there's no other way for Bitcoin, global currency or death, right?
You should wake up if you think world will ever accept a global currency in the form of Bitcoin or any other.


You mean like the global reserve we have now? Most dollars live their whole life digitally.

I'm pretty sure the world would accept a version of Bitcoin which was a digital dollar used by mobiles etc for payments yeah absolutely and I'm pretty awake.

No one said bitcoin would die, I'm saying its can be bypassed very easily and potentially made illegal.
sr. member
Activity: 756
Merit: 250
Infleum
March 14, 2015, 02:29:41 PM
#38
You can't simply make something new and be sure it will replace the old thing. They are forgetting one important thing: the community.
Just like Dogecoin isn't anything innovative or groundbreaking, but it is supported and on the other hand the "government's innovations" are not.


snip.... i'm just a sore loser


Let me guess, your alt coins venture failed miserably so now you're being a hater in here? Get the fck back to your altcoin forum, dumb ass



Haha he's so salty Cheesy

The community. Hahahahaha sorry that's a good one. So you think .000001 % or less of the world population will drive a new global currency.
(...)
People need to wake the fuck up on this forum.

Because there's no other way for Bitcoin, global currency or death, right? Omg the government will make its own world currency and force everyone to abandon Bitcoin! Cheesy
You should wake up if you think world will ever accept a global currency in the form of Bitcoin or any other.
legendary
Activity: 1106
Merit: 1000
March 14, 2015, 11:40:08 AM
#37
Quote
The grapevine has it that IBM and the Fed are “discussing” the matter of creating a national currency based on Bitcoin. The news will be framed, by the mainstream media, in all the piety and reverence it shows when reporting about central banking and multinational corporations. Yet, the kernel of the story will be the “fringey” Bitcoin – now suddenly acknowledged as a concept worth emulating – by a tech giant and the only superpower’s central bank.

Seems like bullshit to me. Based on nothing but a 'grapevine' rumour. I'm sure the government isn't going to be involved in this not is it interested in issuing a national digital currency this way. I think IBM had discussed creating something based on the blockchain tech but as far as it being a currency who knows, but I seriously doubt it would be a threat to bitcoin even if it did happen.


HOW WILL THIS NOT BE A THREAT TO BITCOIN, ITS THE FED/CENTRAL BANKS THEY DISTRIBUTE ALL THE MONEY!!!!    

ITS BASED ON A BULLSHIT RUMOUR THEY HEARD ON THE GRAPEVINE AND ITS NOT GOING TO HAPPEN AT ALL AND YOU CAN JUST USE REFUSE TO USE IT AND USE BITCOIN ANYWAY. Really no need for the caps.


I was questioning you saying IF it happened that it wouldn't be a threat.

It's hardly just a bullshit bitcoin rumor to pump the price when you see the story all over the Internet,

http://www.bnn.ca/News/2015/3/13/IBM-looking-at-adopting-bitcoin-technology-for-major-currencies.aspx

And I personally think even if this story is not true it probably will be in the coming months and years. This is the obvious chess move of the central banks in response to Bitcoin IF it posed any serious threat to their control and monopoly on currencies. To not head on face this event is like putting your head in the sand.
newbie
Activity: 6
Merit: 0
March 14, 2015, 09:45:42 AM
#36
Anyway is good for the fame of bitcoin spreading ever more
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