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Topic: The danger of the cyptocurrencies - page 45. (Read 45222 times)

legendary
Activity: 2226
Merit: 1052
October 01, 2016, 05:56:39 AM
#6
I am not sure if that's a good thing. Being dependent so much on computers just scares me.
U r mistaken. In cryptocurrency, u r not dependent on computers. U r dependent on cryptography.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
October 01, 2016, 05:55:02 AM
#5
What if CIA behind this project?
It doesn't matter who's "behind" it. Fact is: Bitcoin is as it is. All strengths and weaknesses are known, "whoever is behind it" doesn't have more information than you or me. Blockchain is public knowledge.

I don't think the CIA created it. It's just someone (or a group) who created something that became successful.

Quote
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.
There are way too many far-fetched assumptions in here to be worth discussing.
hero member
Activity: 1694
Merit: 502
★Bitvest.io★ Play Plinko or Invest!
October 01, 2016, 05:41:06 AM
#4
Here we have some serious questions, even thou I`m aware this can`t happen anytime soon, I need to admit that I have some similar worries and suspicions. Not all the time, but sometimes when I start to think about some things, I see on how many questions we don`t have any answers.

" 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?"

Well who can tell? They are cunning, who knows what can they do with money and man power like they have. It`s an army, infiltrated in almost all parts of society. Who is Satoshi, well it can be anyone, even some organization.

"Being dependent so much on computers just scares me."

I feel the same way in some moments, I don`t know can we do anything except sit and wait to see what will happen.
hero member
Activity: 1246
Merit: 588
October 01, 2016, 05:28:16 AM
#3
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 their 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.

For me  there is really nothing to worry about because as today this one is really not yet possible and if ever that you are true that in the future only crypto currencies will be used all over the world by that time i guess are not in this world anymore
hero member
Activity: 966
Merit: 515
One of the world's leading Bitcoin-powered casinos
October 01, 2016, 04:24:47 AM
#2
beauty of crypto currencies is only of their privacy . if it would by the government then their is no option to use crypto currency . while we will use direct other online currency instead of these . because due to control under government of country there will be restrictions of saving and transfer .
legendary
Activity: 3276
Merit: 2442
October 01, 2016, 03:52:50 AM
#1
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.
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