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Topic: SCENARIO BEHIND BITCOIN (Read 171 times)

legendary
Activity: 2030
Merit: 1569
CLEAN non GPL infringing code made in Rust lang
February 10, 2020, 09:05:43 AM
#12

Its hard question for answering why Satoshi Nakamoto remains secretly. a hard question which few people in the whole world may know the Answers,
But What if the scenario is  Bitcoin designed to control people economically where few people know how to control it and the system lets people benefit from it with false indications on price (Demand and supply), It will be Easily to control people when all people in the world will be involved in Bitcoin

What are your Arguments?

Do you even know what the word "control" implies?

Take Bitcoin source code and read it. There is no possible way someone could change the rules on the fly on a whim, exactly what governments and financial institutions controlling fiat do.

False indications? Where? The current price is the result of the market forces, freely expressed with buy and sell. There is no entity behind doing nothing beyond what any other actor in the market can.

When everyone in the world is involved in Bitcoin, control over them over. Right now people are chained to the whims of a few politicians that can destroy their fiat's purchasing power overnight (I know well, because i'm living it).

No one can come tomorrow and decree that Bitcoin is suddenly valued at half (ie. increase the number of coins to 42 million). Such a change simply cannot occur without the vast majority of holders, miners nodes agreeing, and they have the economic incentive to NOT do that.

The more people move into Bitcoin, the less they will be controlled.
hero member
Activity: 3150
Merit: 937
February 10, 2020, 07:02:06 AM
#11

Its hard question for answering why Satoshi Nakamoto remains secretly. a hard question which few people in the whole world may know the Answers,
But What if the scenario is  Bitcoin designed to control people economically where few people know how to control it and the system lets people benefit from it with false indications on price (Demand and supply), It will be Easily to control people when all people in the world will be involved in Bitcoin

What are your Arguments?

 

If you are too afraid that Bitcoin "will control you" just don't use it. Grin You are not obligated by the law to use it.
You are legally obligated to use fiat money,which means that the banking system controls you,by having control over the value of "your" fiat money(which aren't exactly yours).
I think that Satoshi got disappointed by all the emerging altcoins and crypto exchange platforms.All this stuff made the crypto economy look like "casino capitalism". That's why he left.
legendary
Activity: 3080
Merit: 1500
February 09, 2020, 11:43:48 PM
#10

Its hard question for answering why Satoshi Nakamoto remains secretly. a hard question which few people in the whole world may know the Answers,
But What if the scenario is  Bitcoin designed to control people economically where few people know how to control it and the system lets people benefit from it with false indications on price (Demand and supply), It will be Easily to control people when all people in the world will be involved in Bitcoin

What are your Arguments?
 

I am sure you don't know how bitcoin mining or network works in real life! If it was built to be controlled by few people, it wouldn't allow you and to buy a mining rig and start mining. Contrary to your argument, bitcoin is decentralized in every single aspect! If you can buy few mining rigs, you can immediately start mining bitcoin from your home! Can you print money at your home?

Your argument is itself invalid!
member
Activity: 686
Merit: 15
February 09, 2020, 11:02:12 PM
#9
How is a decentralized system designed to control people economically? When you own full access to your private keys and you determine what you do with your money, you have full control on when you can use your money and how to use it, that is the power bitcoin offers through the blockchain technology and the current traditional system is designed to control you.
full member
Activity: 1624
Merit: 163
February 09, 2020, 10:01:52 PM
#8
The talk about satoshi's identity is getting too cliche. There are thousands of posts on the forum discussing satoshis identity but at the end of the day, Its completely irrelevant. Bitcoin isn't centered on just one person and certainly not Satoshi.

Yes, I don't know why but there's an increasing talk about the identity of Satoshi this month. I've already seen 3 freshly made threads today and they are full of shit with their conspiracies, and now this thread.

What are your Arguments?

How can the most decentralized, own your key, transparent, technology that you could ever want have the conspiracy to control people when Bitcoin itself is against it? What are your arguments?
copper member
Activity: 2114
Merit: 1814
฿itcoin for all, All for ฿itcoin.
February 09, 2020, 06:40:18 PM
#7
Looking at what you have just written clearly shows that you know nothing much about bitcoin or how it works
Start by reading through this
- https://en.bitcoin.it/wiki/Main_Page

And please stop wasting time focusing on Satoshi Nakamoto, it's useless because no one knows who he/she/they is/are. If Nakamoto was someone or a group of people who were so greedy like some who claim to be him are, he would have already moved and sold some of the 980,000 bitcoins in the address said to be his as soon as bitcoin gained a lot of value.
hero member
Activity: 2884
Merit: 579
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February 09, 2020, 06:38:45 PM
#6
Then it won't be the same as it is right now.

You can imagine those centralized tokens and altcoins that are making their way to the top but there's something that stops them when they have been reviewed. And it's like that, being controlled by somebody is making it to reduce its trust from the people.

If it indicates a false price then it's sort of a scam.
hero member
Activity: 2660
Merit: 551
February 09, 2020, 06:36:34 PM
#5
This is a free and open market, decentralised, meaning no central authority. So it will be very difficult to control, so your scenario is flawed in the beginning. So when you have doubts, I advise you to read Satoshi's white paper: https://bitcoin.org/bitcoin.pdf, so that you will truly understand how bitcoin ecosystem works.
full member
Activity: 1176
Merit: 162
February 09, 2020, 06:32:39 PM
#4
I have one thing to say about satoshi he/she is a legend and a true anonymous. Bitcoin is decentralized it is not design or made to control us but to unite us not only in one country but in the entire world. You cant be control if you have faith and trust, FUD and fake news does not affect you at all. Only weak hands are being control if you let them control your emotion, but dont be. Dont get it wrong bitcoin is not controlling the price and market, there are some whales involve.
hero member
Activity: 2072
Merit: 656
royalstarscasino.com
February 09, 2020, 06:18:41 PM
#3
-snip- Bitcoin is by far one of the most transparent asset available today. The underlying blockchain technology is by far more transparent than our traditional financial systems. -snip- 
Yes. Bitcoin provides a more transparent system and not to control by a single person or institution. The traditional financial system has a lot of weakness that harms many people. People must be bored with this situation, then Satoshi offered the solution with Blockchain and Bitcoin.

-snip- There are thousands of posts on the forum discussing satoshis identity but at the end of the day -snip- 
Correct. And why other people always asking his identity? Actually I think they are likely looking for something with spreading this question. All people must know that Satoshi must hide his identity for various purposes. So, why bother him?  Roll Eyes
hero member
Activity: 2212
Merit: 805
Top Crypto Casino
February 09, 2020, 06:00:28 PM
#2
You have little idea of what you're talking about. All markets have movement and price speculation, when it comes to supply and demand Bitcoin is pretty transparent we can see where the coins are and there are only 21,000,000.

Bitcoin was not designed to control people, that's why your keys mean only you control your funds.

Haha. It's obvious he doesn't really know what he's talking about. Bitcoin is by far one of the most transparent asset available today. The underlying blockchain technology is by far more transparent than our traditional financial systems.


Its hard question for answering why Satoshi Nakamoto remains secretly. a hard question which few people in the whole world may know the Answers
The talk about satoshi's identity is getting too cliche. There are thousands of posts on the forum discussing satoshis identity but at the end of the day, Its completely irrelevant. Bitcoin isn't centered on just one person and certainly not Satoshi.
jr. member
Activity: 41
Merit: 2
February 09, 2020, 04:41:13 PM
#1

Its hard question for answering why Satoshi Nakamoto remains secretly. a hard question which few people in the whole world may know the Answers,
But What if the scenario is  Bitcoin designed to control people economically where few people know how to control it and the system lets people benefit from it with false indications on price (Demand and supply), It will be Easily to control people when all people in the world will be involved in Bitcoin

What are your Arguments?

 
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