Topic: No Capacity to Kill Bitcoin! (Read 1815 times)
People are continuously adopting crypto and blockchain technology because they know the progress and the benefits from it. Also it helps our economic problem in terms of unemployment. it serves as alternative source of income which very beneficial.So,why someone needs to kill bitcoin? No one can stop bitcoin as long as there are more and more demand. Being decentralized of bitcoin is one of the bitcoin nature that people liked and patronized.
Various different countries have already determined that Bitcoin, cryptocurrency and blockchain technology are essentially unstoppable forces at this point.
The nature of decentralization practically means that no single country will be able to simply take down Bitcoin or any sufficiently decentralized crypto for that matter.
Fortunely, governments are centralized, and there is no universal force in the world that could act to crack down on crypto.
Because of this, Bitcoin is forever—unless a critical flaw is discovered that ruins it—highly unlikely.
The nature of decentralization practically means that no single country will be able to simply take down Bitcoin or any sufficiently decentralized crypto for that matter.
Fortunely, governments are centralized, and there is no universal force in the world that could act to crack down on crypto.
Because of this, Bitcoin is forever—unless a critical flaw is discovered that ruins it—highly unlikely.
- Congressman claims the US has no capacity to Kill Bitcoin!
I agree with this person https://twitter.com/APompliano/status/1188845279270723585, I also think the US might not be able to kill it Bitcoin, because their Chinese competitors can be superior to the US, so the US is only a dilemma in making decisions that's all. Podcast Topic: Wes Carlson and Omar have an informal discussion on varies topics including the following highlights:
- Congressman claims the US has no capacity to Kill
Yes, at this time not everyone has the capacity to kill bitcoin, but nowadays technology is evolving and more people are contributing to develop it. Maybe someday someone will find out how to destroy bitcoin and hopefully it will not happen because it is a huge loss to the crypto currency.- Congressman claims the US has no capacity to Kill
The advance stage that bitcoin is now has really made it even difficult to pass any law to ban bitcoin, because of the numerous benefits of it to people and to government and also the love of people for the coin. Government are not even thinking of killing the system now, but rather thinking of how they can completely regulate it so that it can have a serene environment for those that will be using it for meeting their financial needs and as a protection against the dark web world.
In my opinion no one can kill bitcoin, because bitcoin has a lot of devotees and its market is also big. As much as the USA and China
will not be able to kill bitcoin. To be sure there is no owner of bitcoin, everyone has the right to buy it. And also bitcoin cannot be
controlled by anyone. Unless there is a situation where the entire internet is dead, or we go back to the stone age that can only kill
bitcoin. As long as still there are enthusiasts even though a little bitcoin will continue to exist. Because bitcoin is the future.
will not be able to kill bitcoin. To be sure there is no owner of bitcoin, everyone has the right to buy it. And also bitcoin cannot be
controlled by anyone. Unless there is a situation where the entire internet is dead, or we go back to the stone age that can only kill
bitcoin. As long as still there are enthusiasts even though a little bitcoin will continue to exist. Because bitcoin is the future.
Unfortunately, it can be done. The other thing is that it will be too difficult to do it. Additionally, too many people support Bitcoin and those who even make an attempt to kill it will become the best-hatred persons. I am not sure that anyone is ready to become the object for beating. Thus, BTC will live long.
The only people that I know may fall for the problem are those using it as investment, but for people using it as means of payment, it would be absolutely impossible for them not to use bitcoin after they have already tasted the good thing about it that is not there in the fiat payment they have been using for several decades now, and moreover, you have to also remember that bitcoin is a decentralized technology making its transaction invisible.
I agree that Bitcoin cannot be kill, Because Bitcoin is already in use by many countries even recognized for investment. Some countries with the highest popularity of Bitcoin such as Japan, USA, UK, South Korea and Denmark are already using Bitcoin as a means of transactions through online and also for investment. So bitcoin can not be in Kill.
There is no correlation between being used in various countries and can not be killed, it's not those countries that use bitcoin for transactions but the citizens, unless Venezuela.
Bitcoin as decentralized technology can't easily be terminated, as long as the internet exists, so does bitcoin.
I agree that Bitcoin cannot be kill, Because Bitcoin is already in use by many countries even recognized for investment. Some countries with the highest popularity of Bitcoin such as Japan, USA, UK, South Korea and Denmark are already using Bitcoin as a means of transactions through online and also for investment. So bitcoin can not be in Kill.
Bitcoin will be alive until the moment until you come up with more interesting and profitable concept.
Also because there are some investor who do not want to lose their money because since they hold it for a long time so they didn't want to lose it as a trash. If you buy bitcoin then there are some person who sold it so meaning if you kill bitcoin then how about the person who hold it or we can say a richer. If the government want to control bitcoin then they need to buy all the bitcoin to have the power on it.
Bitcoin will be alive until the moment until you come up with more interesting and profitable concept.
There actually no other coin can kill bitcoin no other crypto. Why could I say that? Let me say to you that bitcoin is the most used cryptocurrency than any other cryptocurrency since it was started. It is used for different purposes, for example, if you want to invest on some ICOs and they are only accepting bitcoin as an investment, there are also different use of bitcoin like if you want to go some trading. You need bitcoin first before you can buy any other crypto token to hold. And also in gambling, if you want to play some gambling online you need to have bitcoin first before you can play because you will use it as your bet on a particular game.
That it is not true, almost all exchanges that do fiat <-> BTC also allow fiat <-> other crypto, without having to first exchange to BTC. Same argument holds for ICOs, many ICOs used Ethereum as a platform and currency, so you don't have to exchange to BTC at all. And also for gambling there are platforms that allow you to gamble with other coins than BTC (eg: Etheroll).
Bitcoin was the first cryptocurrency but that does not make it 'the one'. Nobody knows which cryptocurrency will be succesfull, if any.. If somebody did know, he'd be quite a rich man
Podcast Topic: Wes Carlson and Omar have an informal discussion on varies topics including the following highlights:
- New people discovering Bitcoin - fear and greed
- How to not get caught up in the day to day Bitcoin price movements
- Congressman claims the US has no capacity to Kill Bitcoin!
- A world denominated in Bitcoin
Recorded: 19 July 2019
https://www.youtube.com/watch?v=gtMp5MijuZw&feature=youtu.be
No capacity for killing bitcoin price, many new coin claim they are the best competitor for bitcoin and have higher price than bitcoin. But after release to public price drop under bitcoin, now we are waiting with Libra coin become the next bitcoin where claim by their self, I am not trusted with the Libra coin can fight and have higher price above bitcoin, maybe become shit coin and the same with other altcoin.- New people discovering Bitcoin - fear and greed
- How to not get caught up in the day to day Bitcoin price movements
- Congressman claims the US has no capacity to Kill Bitcoin!
- A world denominated in Bitcoin
Recorded: 19 July 2019
https://www.youtube.com/watch?v=gtMp5MijuZw&feature=youtu.be
If the USA has any capacity to kill Bitcoin then they could make it anytime, but they are not able to demolish this platform, I think nowadays people are discovering Bitcoin as a coin and it's getting popular around the world because of the current worth, If you have a Bitcoin then you are holding a good amount of money so why you don't get attracted to this platform, here is the main advantage is No control or regulation from government, so people feel free to transact and move to this Bitcoin platform, I hope Bitcoin will survive for a long time and it will be the main method of payment in the coming future.
Podcast Topic: Wes Carlson and Omar have an informal discussion on varies topics including the following highlights:
- Congressman claims the US has no capacity to Kill
Yes, at this time not everyone has the capacity to kill bitcoin, but nowadays technology is evolving and more people are contributing to develop it. Maybe someday someone will find out how to destroy bitcoin and hopefully it will not happen because it is a huge loss to the crypto currency. - Congressman claims the US has no capacity to Kill
- New people discovering Bitcoin - fear, and greed
Well, people would be really interested in bitcoin on how they would be earning money by investing in it. In the past years, they are not believing how many people are earning a lot of money because of it and they decided late to board the ship. What they should be fearing is their greed since with the volatility of bitcoin, that could be their dead end.
- How to not get caught up in the day to day Bitcoin price movements
I think this is patience and experience since it is really hard to cope up with the sudden changes. I will not be denying it but I am one of those people that immediately regret investing quickly on bitcoin, I should've known better.
- A world denominated in Bitcoin
If this is a thing of the future, I think the internet also dominated the world. With almost public information all over the world, people would really need a secure way of holding their money and I guess that is where bitcoin and blockchain goes in.
Podcast Topic: Wes Carlson and Omar have an informal discussion on varies topics including the following highlights:
- New people discovering Bitcoin - fear and greed
- How to not get caught up in the day to day Bitcoin price movements
- Congressman claims the US has no capacity to Kill Bitcoin!
- A world denominated in Bitcoin
Recorded: 19 July 2019
https://www.youtube.com/watch?v=gtMp5MijuZw&feature=youtu.be
No capacity for killing bitcoin price, many new coin claim they are the best competitor for bitcoin and have higher price than bitcoin. But after release to public price drop under bitcoin, now we are waiting with Libra coin become the next bitcoin where claim by their self, I am not trusted with the Libra coin can fight and have higher price above bitcoin, maybe become shit coin and the same with other altcoin. - New people discovering Bitcoin - fear and greed
- How to not get caught up in the day to day Bitcoin price movements
- Congressman claims the US has no capacity to Kill Bitcoin!
- A world denominated in Bitcoin
Recorded: 19 July 2019
https://www.youtube.com/watch?v=gtMp5MijuZw&feature=youtu.be
Ok, the Congressman is a fool.
If the US Government decided to go balls to the wall and destroy bitcoin, then sorry bitcoin will die.
1. They could confiscate all bitcoins in the US and crash the markets.
3. They could send in special forces covertly and destroy all ASICS warehouses, with explosives.
4. They could just compromise the 4 mining pool operators and make them double spend and freeze all new transactions.
5. They could just threaten to bomb anyone that mines bitcoin.
Realize that if the decision to use force is ever on the table, then bitcoin is dead.
If the US Government decided to go balls to the wall and destroy bitcoin, then sorry bitcoin will die.
1. They could confiscate all bitcoins in the US and crash the markets.
3. They could send in special forces covertly and destroy all ASICS warehouses, with explosives.
4. They could just compromise the 4 mining pool operators and make them double spend and freeze all new transactions.
5. They could just threaten to bomb anyone that mines bitcoin.
Realize that if the decision to use force is ever on the table, then bitcoin is dead.
Which likely will not happen, just in your fantasy. That's an abuse of power and more likely an act of terrorism rather than a government, the US is a democratic country, not communism. They can't confiscate all bitcoins in the US without enough reasons to do so, just because they can don't mean they will.
Keep the hallucinations in your mind, don't mention it here, all of it is crap.
They also mentioned Libra coin in association to the topic no capacity to kill bitcoin. In this regard, people might see the goodness and advantage of using libra coin in the future, and if we are going to think if it has a direct effect on bitcoin, for me it hasn't, most of the time we fear about the volume of bitcoin to be divided, and in my opinion, libra is a threat but will surely not have the capacity to make bitcoin suffer. That is because their reputation even before it becomes implemented has already been compromised due to the fact that they are associated with Mark Zuckerberg's privacy issues.
Lol, Libra has nothing to do with bitcoin, and there's now way we should think that it has even the capacity to stop bitcoin at any point, they are not even comparable to each other. Mark Z has it's own issue being the head of it, unlike bitcoin wherein everyone can be Satoshi, so who will the US congress gonna invite?
bitcoin is a very sophisticated technology wrapped in blockchain technology that makes bitcoin difficult to turn off, bitcoin will always be there even if there is no electricity and no internet then the bitcoin records will always be there because bitcoin can also be said as big data which is very solid and able to last forever and no one can change the value of the data.
Indeed they can't kill bitcoin. Why?
1. More people are adopting bitcoin every year
2. As long as there are people using bitcoin, it will continue. Regardless if some countries will ban bitcoin.
3. The government can't stop people if they really want bitcoin. They cannot control bitcoin because it's not their own.
4. If they will ban bitcoin, some will still continue using it illegally. Just like how others do illegal things because they want to.
So the point is that more and more people believe in bitcoin and blockchain technology itself, so that is a strong resistance if nothing will stop bitcoin from being used in many ways. After all, bitcoin is not just an asset as an investment, because bitcoin also still has many other benefits such as a currency that can obviously be used because it has its own exchange value. Anyway, the point you made shows that cryptocurrency dominance will at least always be there even though the ban will happen, because we don't know what will happen in the future, but if we look at the growth of the crypto market until now I'm sure crypto will always be there and become more strong because of its continued growth. 1. More people are adopting bitcoin every year
2. As long as there are people using bitcoin, it will continue. Regardless if some countries will ban bitcoin.
3. The government can't stop people if they really want bitcoin. They cannot control bitcoin because it's not their own.
4. If they will ban bitcoin, some will still continue using it illegally. Just like how others do illegal things because they want to.
-Congressman claims the US has no capacity to Kill Bitcoin!
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Yeah really agree on that statement from the US congressional because bitcoin users difficult to idenfied because of anonymity. And everyone have an right to choose for there future and a lot of US citizen understand what bitcoin capability as digital money.
[/qoute]
Yeah really agree on that statement from the US congressional because bitcoin users difficult to idenfied because of anonymity. And everyone have an right to choose for there future and a lot of US citizen understand what bitcoin capability as digital money.
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