bitcoin as any of the cryptocurrencies introduced recently is,of course a globalisation project
its aim is to creat an alternative to the current paper money/cash system
as for the special services behind it... when you see China support it and seeing the current global "management" decision making center being transferred from the UK to China it only makes more sense
I would go as far as saying that it is not some local agencies like CIA,ANB etc. who are behind bitcoin and the blockchain technology in general,but much stronger and more sinister and well hidden forces
people are so sure that bitcoin is anonymous,decentralised and hack resistant it doesn't occur to them that all it takes to control bitcoin (having ousted or made less viable other payment systems)is to control either the network itself via the backdoor to the crypto algorythm,control and filter internet traffic related to the blockchain operation(at ISP level,for example ),exchanges or ,if bitcoin is suddenly accepted at every corner shop-,the said shops' owners through their countrie's legislation
Topic: The danger of the cyptocurrencies - page 43. (Read 45222 times)
I don't think fiat is going away any time soon, certainly not in out lifetime. I think cryptocurrencies will be a small part of financial transactions and investments for years to come. The only thing we have to worry about is that bitcoin could fail.
You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.
Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.
There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:
If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.
What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.
Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!
I am not sure if that's a good thing. Being dependent so much on computers just scares me.
A lot of talk and rumors empty. It seems that special someone is interested to create panic in the market cryptocurrency. Looks like someone is favorable.Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.
There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:
If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.
What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.
Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!
I am not sure if that's a good thing. Being dependent so much on computers just scares me.
You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.
Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.
There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:
If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.
What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.
Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!
I am not sure if that's a good thing. Being dependent so much on computers just scares me.
A lot of talk and rumors empty. It seems that special someone is interested to create panic in the market cryptocurrency. Looks like someone is favorable. Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.
There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:
If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.
What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.
Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!
I am not sure if that's a good thing. Being dependent so much on computers just scares me.
You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.
Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.
There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:
If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.
What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.
Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!
I am not sure if that's a good thing. Being dependent so much on computers just scares me.
Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.
There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:
If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.
What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.
Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!
I am not sure if that's a good thing. Being dependent so much on computers just scares me.
The point of Bitcoin is that it doesn't matter who made it. What if Satoshi is actually *insert bad guy* that doesn't make your money any less secure. The point of Bitcoin is that you can trust the algorithm that runs it, you don't need to trust some middleman to regulate it for you.
I dont think there will ever be a day where fiat or gold are "worthless". Gold has been a store of value recognized in every country in the world for thousands of years. The point of currency is to be a medium of exchange. To be a medium of exchange, all you need is for something to be recognized as having value by many people.
How does having money on a computer allow the government to rip you off?
You'll never know what they'll bring onto the table with the "new" version.
You can say "aww fuck i would buy gold if they do dat" or "nonsense dude, i'll move to another coin" but...
If bitcoin reaches to 1 million $, there won't be anything left to move to.
It is like "building up trust" to pull the bigger scam.
You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.
Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.
There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:
If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.
What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.
Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!
I am not sure if that's a good thing. Being dependent so much on computers just scares me.
Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.
There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:
If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.
What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.
Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!
I am not sure if that's a good thing. Being dependent so much on computers just scares me.
The point of Bitcoin is that it doesn't matter who made it. What if Satoshi is actually *insert bad guy* that doesn't make your money any less secure. The point of Bitcoin is that you can trust the algorithm that runs it, you don't need to trust some middleman to regulate it for you.
I dont think there will ever be a day where fiat or gold are "worthless". Gold has been a store of value recognized in every country in the world for thousands of years. The point of currency is to be a medium of exchange. To be a medium of exchange, all you need is for something to be recognized as having value by many people.
How does having money on a computer allow the government to rip you off?
Cryptocurrency are all decentralized so government could easily ban those coins anytime. And another risk is that their price keeps fluctuating and if our coin price don't rise high then we might suffer lot of losses in cryptocurrency world so it's better not relay much in cryptocurrency for earning.
It can be ban only for local but here in online i think they will still alive because many investors are using crypto and many company are now using bitcoin so its impossible that crypto will died..
Dangers to bitcoin and blockchain tech include quantum computing & regulation basically.
Regarding regulation, the federal reserve recently expressed that they won't do it and they actually support it and find it very interesting. To me there's absolutely no need for regulation, you can tax it when it's converted to actual money/fiat and that's where all current laws will apply.
I won't debate about what happens if fiat is dead and it's all about digital money and cryptocurrencies because that's not a problem for us early adopters. We'll all be rich no matter what coin you are holding if that was the case.
Regarding regulation, the federal reserve recently expressed that they won't do it and they actually support it and find it very interesting. To me there's absolutely no need for regulation, you can tax it when it's converted to actual money/fiat and that's where all current laws will apply.
I won't debate about what happens if fiat is dead and it's all about digital money and cryptocurrencies because that's not a problem for us early adopters. We'll all be rich no matter what coin you are holding if that was the case.
You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.
Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.
There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:
If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.
What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.
Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!
I am not sure if that's a good thing. Being dependent so much on computers just scares me.
You're not wrong being worried about a lot of this and thinking that it could be a step in some sinister plan or whatever, but at the same time cash is going to exist for a very long time and I doubt that everything is suddenly going to be moved to government control. And the worries that Bitcoin is a CIA project are unfounded and lack evidence to back up that proposition.Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.
There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:
If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.
What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.
Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!
I am not sure if that's a good thing. Being dependent so much on computers just scares me.
Seems like too much tinfoil and not enough actual information.
Cryptocurrency are all decentralized so government could easily ban those coins anytime. And another risk is that their price keeps fluctuating and if our coin price don't rise high then we might suffer lot of losses in cryptocurrency world so it's better not relay much in cryptocurrency for earning.
Thanks for bringing this important topic on board, whenever I thought about bitcoin’s (or say crypto currency’s features) I have realized that we are really playing a gamble and the only thing that is keeping us going is that our deep belief in it. We are early adapters of this technology and yes you have a valid point that it would make government easy to seize property. However I think that it would happen is extreme worst case and if we could pay taxes through crypto currencies then there won’t be much problem. This is a complicated issue and must be discussed in deep before taking any major step.
Maybe everything you said is possible. It would likely to happen since it would likely to control by the government. Every details and the identity of every bitcoin address would be recorded. But I think it will help to lessen criminality and corruption since every transaction is recorded and monitored.
I believe too that behind bitcoin is at least someone from government anyway bitcoin is going well.
Everything is going cashless and banks encourage us to use as much the credit/debit card.
Everything is going cashless and banks encourage us to use as much the credit/debit card.
I think what those government mean to say by cashless world is using electronic banking systems which we have from decades and are controlled by banks and governments. They will never support crypto to replace traditional electronic banking systems so i think in cashless world storing wealth over bitcoin could be considered safer place even more than these days because all those banks online banking are controlled and monitored heavely everyday by bank staffs and may even ask lots of question on future after blocking/freezing your whole cash making you almost homeless.
you say danger cryptocurency
so why you can use cryptocurency
why you still find bitcoin and follow signature campaign
i think is your opinion is bad to growth community cryptco coin
there is no actual danger when it comes to cryptocurrencies because in my opinion they can make bitcoin grow so why you can use cryptocurency
why you still find bitcoin and follow signature campaign
i think is your opinion is bad to growth community cryptco coin
yea new cryptocurrencies knows to be really danerous but when they survived really long and they are in top 5 they can be really popular and good
If i see the reality than nothing is happened as you said, I am not saying you are wrong, that is your thread and i respect it and also your thinking. But in my opinion, I don't think that fiat currency will be die now and ever, Crypto currency can be ended, but fiat currency always remain in the world.
Yes, no matter whats the motive on creating crypto it would really not affect fiat after all ,as we can see on bitcoin it may have benefits regarding on doing private transactions which is somehow a good thing for some people but replacing fiat completely would be a different story and it would really happen.
it is so hard for some people to believe that such a decentralized technology that also has grown this much has nothing to do with any of the governments of any of the countries.
it would be understandable that CIA or any other 3 letter agency out there tries to enter bitcoin and find out more about it but to be the ones to create it, i doubt that.
it would be understandable that CIA or any other 3 letter agency out there tries to enter bitcoin and find out more about it but to be the ones to create it, i doubt that.
If George Bush's dog made bitcoins it wouldn't matter because you can see everything they did. It's open source. What if someone all of a sudden hacked the email network and sent everyone a virus simultaneously that killed all computers in the world?!?!
Enough with the doomsday crap. I am Satoshi Nakamoto. I say the Blockchain is good to go.
Enough with the doomsday crap. I am Satoshi Nakamoto. I say the Blockchain is good to go.
This has been brought up before. If bitcoin was the brainchild of the CIA, it's kinda probably not working out as well as they thought. Who knows. But in either case, people don't need the government to institute a cashless society through bitcoin. Most of the people I know can't stand carrying cash as it is. We'd be moving toward such a world anyway. I like carrying cash myself, but cashless is the way of the future.
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