The biggest battle for Bitcoin's life is coming - page 7.

bartolo

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Quote from: gentlemand on July 17, 2019, 05:13:23 AM

This is secondary to how much the US government and others loathe Facebook. As it stands I well and truly cannot see them permitting Libra to happen in the form they're proposing.

This controversy between the US government and Facebook regarding Libra is just fireworks. What the US government wants is that Facebook collects and share all the information related to Libra users and this is what Facebook will end up doing. Facebook will say that they had another intention but they were forced to do that, and that's it.

Red-Apple

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Quote from: eternalgloom on July 17, 2019, 05:20:02 AM

Am I missing something here? On what exactly is this based? Just those Trump tweets or what else?
I've personally not seen more negative news surrounding Bitcoin than usual, just the regular old stuff being repeated again.

Sure, now there's a lot of negativity surrounding Libra, but that has more to do with Facebook than anything else

part of all this drama that is also reflected partly on the bitcoin price is because of Libra and the fact that US government and the banking elite don't want to let it happen and will probably prevent it from ever being released too.

otherwise i feel the same way. i don't see anything new, everything that has been going on against bitcoin is still ongoing and anything that was going good for bitcoin is still the same!

eternalgloom

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Am I missing something here? On what exactly is this based? Just those Trump tweets or what else?
I've personally not seen more negative news surrounding Bitcoin than usual, just the regular old stuff being repeated again.

Sure, now there's a lot of negativity surrounding Libra, but that has more to do with Facebook than anything else

gentlemand

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Quote from: HeRetiK on July 17, 2019, 05:10:04 AM

People loathe Facebook yet the still use it. People loathe PayPal yet they still use it. So Libra might become a success after all.

This is secondary to how much the US government and others loathe Facebook. As it stands I well and truly cannot see them permitting Libra to happen in the form they're proposing.

HeRetiK

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Quote from: gentlemand on July 17, 2019, 04:14:48 AM

Funnily enough I think Bitcoin will have rather a lot to thank Facebook for in the coming years. Libra is going to consume government hate for quite some time to come while BTC continues to do its thing.

It's actually quite funny how Facebook's Libra is jumping in between Bitcoin and the government to catch every bullet imaginable.

Quote from: gentlemand on July 17, 2019, 04:14:48 AM

Libra arrived like a chucked hand grenade. Bitcoin's progress is way more subtle and harder to upend. Facebook is so universally loathed that Bitcoin looks like a wholesome and entirely neutral thing in comparison.

People loathe Facebook yet the still use it. People loathe PayPal yet they still use it. So Libra might become a success after all. Regardless of that I'm not sure who Libra's target userbase is. Crypto-enthusiasts are unlikely to be converted and normies have other micro-payment-services available that are easier to use than Libra. As it is it seems to be worst of both worlds.

YuginKadoya

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Maybe Bitcoin did take the blame because it is simply the first crypto ever created, But Facebook Libra is the most struck by the government's wrath and because they are only starting in the crypto world I think they will have a hard time getting out from it, But I guess Bitcoin can hold its own without the help of other Cryptocurrency,

I will firmly stay and still hold my ground towards any downfall that Bitcoin has to take because I know that in the end it will regain from it and I also think that this is surely the last resistance it will take.

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Quote from: mirakal on July 17, 2019, 12:50:55 AM

I thought we've already seen it's biggest battle when it dropped bitcoin to $3200, if this one is bigger, then probably we will go back to $1000.

That what's I am waiting for, if that is possible then I would really be happy to buy more than I have ever accumulated in my life. I just can't accept how fast it grows leaving me zero thoughts on how did it happen on a such small time. Now lets wait for the world government and famous people knock Bitcoin hard as they can and we do the buying later on. More small figures of people are waiting for Bitcoin to have the opportunity to buy it low as what yo are saying, $1k Usd, oh my GOD it is satisfying.

gentlemand

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Funnily enough I think Bitcoin will have rather a lot to thank Facebook for in the coming years. Libra is going to consume government hate for quite some time to come while BTC continues to do its thing.

Libra arrived like a chucked hand grenade. Bitcoin's progress is way more subtle and harder to upend. Facebook is so universally loathed that Bitcoin looks like a wholesome and entirely neutral thing in comparison.

Insecure and authoritarian economies will continue to make noises about BTC as they always have. They'll look like utter fools eventually.

Pursuer

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Where is my ring of blades...

in hindsight we have been in battle for some time now and it has been big enough. the only thing changing is that this "battle" is becoming evident sometimes as the other side of it shows its intentions publicly and their actions against bitcoin becomes apparent. otherwise they have been fighting it for some time now.

Quote from: nutildah on July 17, 2019, 03:58:11 AM

Quote from: ?? on ??

Ever seen what a tank or air-to-air missile can do to a warehouse full of asics.
Boom.

No, I haven't. I don't think anybody has, as its never happened before. Especially the "air-to-air" missile -- what do you need that for? Taking down flying mining rigs?

didn't you know? when China banned bitcoin and said they will behead anybody who owns bitcoin, every bitcoiner took to the air. now the Chinese airspace is filled with flying bitcoiners...

nutildah

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Quote from: ?? on ??

Ever seen what a tank or air-to-air missile can do to a warehouse full of asics.
Boom.

No, I haven't. I don't think anybody has, as its never happened before. Especially the "air-to-air" missile -- what do you need that for? Taking down flying mining rigs?

Nobody is destroying mining farms. You're forgetting that they are spread out all across the world. Is the U.S. also taking down China, Russia, the Czech Republic and Georgia's mining farms?

What a weird fantasy.

Besides, it would be much easier to take out the Bcash or SV networks as they are much more centralized. If Trump wants to start with them, he should feel free to do so.

eaLiTy

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Quote from: Wind_FURY on July 17, 2019, 12:48:51 AM

I hope everyone is ready for it, because it's going to be the biggest test in your HODLING abilities, and resolve.
What would transpire is the biggest socio-political/socio-psychological attack that the community would ever see, and it would involve state-level actors/governments .
Prepare yourselves. It's coming.

We expected these sort of battle from the beginning and the free ride of bitcoin without regulation and other government intervention lasted for over ten years and the moment we had a huge rally in 2017 which took the price to $19k every government around the world started scrambling to find a way to regulate the market or to stifle the market and we are yet to find out how the market situation will be after all these regulations in place, anon coins will face the biggest hurdle to overcome these regulation as there are chances that they will force the exchanges to de list them if they are to continue as an exchange and we are yet to know what all countries will adopt the market.

Wind_FURY

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Quote from: ?? on ??

Quote from: Wind_FURY on July 17, 2019, 02:29:12 AM

Quote from: mirakal on July 17, 2019, 12:50:55 AM

I thought we've already seen it's biggest battle when it dropped bitcoin to $3200, if this one is bigger, then probably we will go back to $1000.

I don't know where the market goes, but I believe we haven't seen serious concerns from "them" like this before.
For the first time, the state-level actors are concerned about losing their power/monopoly over money/currency creation/printing.

So you're scared of Trump.

To quote you.

No, I'm scared that Zeitcoin will topple, and kill Bitcoin. Hahaha.

I said, Bitcoin's greatest forms of socio-psychological, and socio-political attacks is about to come. Be prepared. Who said anything about scared?

Nadziratel

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Quote from: Wind_FURY on July 17, 2019, 12:48:51 AM

I hope everyone is ready for it, because it's going to be the biggest test in your HODLING abilities, and resolve.

What would transpire is the biggest socio-political/socio-psychological attack that the community would ever see, and it would involve state-level actors/governments.

Prepare yourselves. It's coming.

I'm not sure yet that cryptocurrencies have the power to fight states. Instead, we need to pursue more moderate policies. A conflict doesn't give anybody anything, but makes us lose,

vlad230

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I wouldn't expect anyone on the government to be pro-crypto anyway.
I'm not sure why the Trump's idiot statement from a few days back made so many ripples in the crypto world.

K21000

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Quote from: Wind_FURY on July 17, 2019, 12:48:51 AM

I hope everyone is ready for it, because it's going to be the biggest test in your HODLING abilities, and resolve.

What would transpire is the biggest socio-political/socio-psychological attack that the community would ever see, and it would involve state-level actors/governments.

Prepare yourselves. It's coming.

Well technically the biggest battle for bitcoins life in price terms was back in 2011 when it fell from $32 to $0.01 so yeah.....But if you are talking in terms of censorship,FUD and competition from centralised "coins" then i am inclined to agree.

Hallmader

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Do you care to give us a little clue? Without which, this would appear another common FUD. The battles that Bitcoin has been fighting are numerous. It cannot be counted anymore. In fact, Bitcoin has died a countless times. It has been buried for the nth time. In the earliest years of Bitcoin's existence, especially in its infancy, there was almost no one who believed in it. Is there a harder battle to wage than starting it with only a handful of believers and the most powerful people of the government and the banking industry against it?

Wind_FURY

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Quote from: mirakal on July 17, 2019, 12:50:55 AM

I thought we've already seen it's biggest battle when it dropped bitcoin to $3200, if this one is bigger, then probably we will go back to $1000.

I don't know where the market goes, but I believe we haven't seen serious concerns from "them" like this before. For the first time, the state-level actors are concerned about losing their power/monopoly over money/currency creation/printing.

TimeBits

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I just made a post on this you right, the battle will only weaken the $lave $ystem fiat even more.

https://bitcointalksearch.org/topic/m.51851360

They are launching direct nukes at their own system by talking about bitcoin. Keep in mind who owns the news, they are creating fake stories about bitcoin, left, right and center.

First they ignore you, then they laugh at you, then they fight you, then you win.
^ they did that, ^ they did that "thin air, bitcoins not money", ^ We are at this stage ^this will be the outcome.

pooya87

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that is great news if that battle is coming because that battle is the last step for bitcoin to reach the final step of "winning". First they ignore you, then they laugh at you, then they fight you, then you win. i still think we are in the stages of being laughed at and less fight against bitcoin although we are transitioning into that step.

Quote from: mirakal on July 17, 2019, 12:50:55 AM

I thought we've already seen it's biggest battle when it dropped bitcoin to $3200, if this one is bigger, then probably we will go back to $1000.

not all battles are about price you know. during such battle we may even see price shoot up to $1 million!

mirakal

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I thought we've already seen it's biggest battle when it dropped bitcoin to $3200, if this one is bigger, then probably we will go back to $1000.

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