No Capacity to Kill Bitcoin! - page 2.

xiboothrezi

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Quote from: Shasha80 on October 31, 2019, 09:58:06 PM

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.

The popularity of bitcoin continues to grow, many people are interested despite knowing the risk is quite large because the price is very volatile. But for those who understand that, it will definitely make it a challenge, not fear. In fact, blockchain has also been increasingly adopted, although there is no direct connection with bitcoin, this paves the way for the general public to get to know bitcoin better. As we know, bitcoin is rumoured to be dead repeatedly, in fact, it can still survive up to now even with very good progress.

Olaphash

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Quote from: plainsight on July 21, 2019, 10:00:25 AM

- New people discovering Bitcoin - fear and greed

It's not just the people's greed but also the person/people that educated them about Bitcoin. Some join crypto through Hype and some join crypto through wrong info.

Bitcoin Seller

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Quote from: Shasha80 on October 31, 2019, 09:58:06 PM

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.

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.

Eugenar

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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.

Eclipse26

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bullsvsbears.io

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.

Darooghe

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Agree, at this point it is very hard for it to die. every exchange should delist and street trader should stop. 50 top cryptocurrencies are very sturdy. look at DogeCoin. the development stopped. the coin lives. P2P currency is the future of our society. We can deny that or even try to stop it but that’s the next logical evolutionary step for our monetary systems. Companies that act as a middleman are making insane profits for doing almost nothing. Bitcoin is something else. The price of BTC doesn’t dictate the speed of it's progress. Time does and we need a lot more of it. In my opinion, Bitcoin only dies when something better replaces it. For it's current purpose, there don’t appear to be any contenders as of yet.

Xxmodded

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Quote from: plainsight on July 21, 2019, 10:00:25 AM

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 available for community and institution want to kill bitcoin price and have new coin become competitor for bitcoin, many altcoin have claim they are the next bitcoin at the future but after pass with two or three years their price very lower under bitcoin price, last two month have publish with Libra coin become most competitor for bitcoin price but the same thing with other altcoin because until today still not have available for public to buy and invest it.

Edraket31

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Quote from: kuyaJ on November 01, 2019, 12:45:00 AM

Quote from: plainsight on July 21, 2019, 10:00:25 AM

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 one can kill bitcoin unless every country illegalized bitcoin or Cryptocurrency in their country. The government has no right to control the bitcoin.

No one can kill bitcoin unless no one want to buy it.

Although they will ban and make Bitcoin illegal, still they can't banned Bitcoin as it can access thru internet and there are other ways for you to be able to cash out your fund or profit without directing to banks as there are many remittance center avaialable. But now we can tell that they are slowly adopting crypto so it is very impossible.

kuyaJ

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Quote from: plainsight on July 21, 2019, 10:00:25 AM

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 one can kill bitcoin unless every country illegalized bitcoin or Cryptocurrency in their country. The government has no right to control the bitcoin.

No one can kill bitcoin unless no one want to buy it.

Shasha80

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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.

Artemis3

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Quote from: ?? on ??

Quote from: Artemis3 on October 31, 2019, 08:22:31 PM

~Retard Speak.

Keep being clueless, if you like,
but just because you can't grasp what real power is ,
well it is your problem.

And yet you are using the word "Retard". That should look so nice to the moderators...

Where is your power? Go ahead and "stop" bitcoin, it sounds almost as idiotic as ordering the Internet to stop. Maybe you belong to that group?

Do YOU think your little government can do it? We have already discussed a theoretical scenario where ALL governments cannot stop it, yet here you come claiming a single country can. Not it cant, Neither Trump, nor Putin, not all of them together. It was designed for this, like the Internet was designed for nuclear warfare, but you wouldn't know that, would you?

The Net interprets censorship as damage and routes around it. -- John Gilmore

Artemis3

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Quote from: ?? on ??

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.

Nope. Make all Americans suddenly sell their bitcoins, and it would not "crash the markets", only produce a temporary downtrend, soon to be absorbed by the rest of the world.

Quote from: ?? on ??

2. They could have elite computer hackers target all nodes.

Nope. There are even nodes in Tor. Short of a bug in Bitcoin itself, there is nothing they can do. This isn't Ethereum...

Quote from: ?? on ??

3. They could send in special forces covertly and destroy all ASICS warehouses, with explosives.

That maybe, but it wouldn't stop mining. Besides, will your little country risk war with the likes of China and Russia? This isn't Afghanistan and a bunch of guerrilla fighters...

Quote from: ?? on ??

4. They could just compromise the 4 mining pool operators and make them double spend and freeze all new transactions.

Actually go ahead and try it. The real blockchain would go along, the moment you foolishly freeze yours (Are you even thinking?)

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5. They could just threaten to bomb anyone that mines bitcoin.

Good luck eradicating computing power from the world.

Quote from: ?? on ??

Realize that if the decision to use force is ever on the table, then bitcoin is dead.

It would actually be really funny to see them try, please convince them, it would be really embarrassing. Have your so called cyberwarfare unit do it.

Quote from: ?? on ??

Bitcoin Energy Waste ensures that mining operation can not hide from government eyes.

Only if large scale mining prevails, which you yourself has already decided to wipe out. The Bitcoin network doesn't care.

Quote from: ?? on ??

Only Proof of Stake networks have the ability to hide from a world government intend on destroying it.

PoS is garbage.

DatKing

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Quote from: plainsight on July 21, 2019, 10:00:25 AM

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

Trump is strictly against Bitcoin but the U.S. or any other government is able to destroy Bitcoin. You can't easily defeat a currency, if you can't control it. So, Bitcoin will continue to thrive and reach much better levels.

Murat

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It's true that the newcomer of this Bitcoin, as well as a cryptocurrency platform, are seeking the opportunity to make money very rapidly so they people are getting greedy about the Bitcoin, not only that but also some people are getting afraid of this system, there is a valid reason for this scenario, because we have seen a lot of people who have lost his worth investment from a scam project, that's why it's a fear also in order to enter into this platform. I think without a doubt that Bitcoin is not a fragile issue, so they know that it's not easy to stop this system, also they know a lot of people are engaged within this platform, but if you say about The USA's capacity then I don't agree with you, they could make anything that they need.

Sadlife

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Quote from: ?? on ??

Quote from: plainsight on July 21, 2019, 10:00:25 AM

- Congressman claims the US has no capacity to Kill Bitcoin!

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.
2. They could have elite computer hackers target all nodes.
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.

Bitcoin Energy Waste ensures that mining operation can not hide from government eyes.

Only Proof of Stake networks have the ability to hide from a world government intend on destroying it.

that if things need to be resulted with violence but i think it wont need,though all your point is possible and valid as US has all the force,tools and people to break everything they thing is against their will.
but we also knew that people of US are gaining from crypto theres no need for destruction

Quote from: mascherono on October 19, 2019, 09:17:31 AM

Yeah, you are right. Bitcoin is developed a lot over the past few years. There is no other competitors who can kill the bitcoin not to be more popular among other people especially for the newbies who are trying to invest in Bitcoin project.

its not the competition that OP is talking about but something powerful mate,and you did not get the point there

kryptqnick

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Quote from: jets567 on October 18, 2019, 09:44:58 AM

Quote from: Kakmakr on September 29, 2019, 04:25:18 AM

The rest of the world are looking at the example that the USA are giving them and if they start banning Bitcoin, most ignorant smaller countries would not question their actions and just follow their example. Roll Eyes

It is sad to hear but this is the truth because other countries do not spend time studying Bitcoin so they can create their own regulations but instead they are just following what the US will do. So it's not surprising that if US collapse then other countries will follow.

These two things don't seem so related to me. If the US economy collapses, some countries will suffer from it, of course, but not because they are following the policies the US is setting for cryptos. It can happen because many countries are economically dependent on such giants as the USA. If the US dollar collapses, however, it can lead to the collapse of many national currencies that are dollar-oriented, sort of. As for other countries adopting the regulations of the USA, I actually don't think it's a common practice. The US is particularly harsh, other countries sometimes take a milder approach on this matter. For instance, in my country, the regulations are still only on the stage of project laws, but those creating them are saying that they take into consideration what the US did, but don't intend to do it in such a strict way.

Youghoor

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Quote from: WatchMaker on September 30, 2019, 10:37:55 AM

Of course, the bitcoin is quite popular around the world these days because it's an extraordinary invention.

I don't think I will agree with you on this. Bitcoin is not that popular around the world. In my country for instance, people who know about Bitcoin here are those into computer programming or are studying computer science or engineering. When you ask about ten people on the street what bitcoin is, only one person out of the ten will have some idea of what bitcoin is. This tells you that bitcoin is not that popular around the world.

Artemis3

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Quote from: plainsight on July 21, 2019, 10:00:25 AM

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

Well, there is always the shock when people discover things, that are not like what they use to. The "price volatility" thing is only a complain from people that live with "perfect" behaving fiat, where their governments manipulate their national currency so as to not fluctuate too much from the others, basically a form of state intervention in the economy. Of course this is easier to pull when you have a strong economy behind backing up your moves.
There is nobody manipulating bitcoin, it floats freely in the market, therefore it fluctuates. This is actually a GOOD sign. You don't want any entity, public or not doing things behind. Should this entity fail for whatever reason, and you can kiss goodbye to your investment.
One thing people should learn about the beauty of freedom is, that someday, Bitcoin price will tend to fluctuate less and less, and when that happens (its occurring already) they can be sure it occurred naturally in the presence of all market forces. But don't expect it to magically peg itself to some other coin, that is beyond Bitcoin.
If you live in any of the countries that don't use a "perfect" fiat, you are already familiar with fluctuations and already know how to cope and live with it, unlike Dollar/Euro centrists, you may probably even enjoy how in the long run, bitcoin tendency is actually up, rather than the usual down our governments force our national currencies to fit their ill conceived budgets, rather than, oh noes; reduce spending (waste/corruption/etc).
How not to get caught? Easy, don't sell your coins. Just buy and hold. Think of bitcoin as a means of preserving value, not necessarily multiplying. Those that want to "multiply", are traders, same old profession that has existed for centuries, with stocks, bonds and other assets. Very risky, you don't need to get involved in that if you don't want, you can keep earning money the good old fashioned way.
That congressman is right. Its good to know there are some well informed politicians out there, who knows, maybe he reads this forum...
I hope that, sooner than later, most countries accept bitcoin. Just getting rid of exchanging into the different national coins when you travel is a giant benefit. Oh but there is more, so much more...

mascherono

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Yeah, you are right. Bitcoin is developed a lot over the past few years. There is no other competitors who can kill the bitcoin not to be more popular among other people especially for the newbies who are trying to invest in Bitcoin project.

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Quote from: barbara44 on October 19, 2019, 08:49:16 AM

What example are we talking about here because I have never seen any ban example that the US has laid down, the only thing I heard about the United states last is that trump mentioned some few words against cryptocurrency which is his own opinion, everyone is entitled to their own opinion, and I think that trump is only trying to guard against their USD losing relevance, but they have never openly ban bitcoin.

They have even done more of regulation to me, because we can see how they have asked binance exchange to open their own exchange that would be dedicated to their citizens and this is for the purpose of being able to control and regulate the activities/ transaction o their US traders in the platform that has been created. There is no country that has even actually placed a ban on bitcoin or cryptocurrency.

Absolutely! Even if US Government declares war against bitcoin I think they are just wasting their time because I do believe that bitcoin is unbeatable and the government has no access to it so it gives them a hard time to capture the founder and also the investors as well. Bitcoin will become more popular all over the world soon and also in the mainstream.

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