in my opinion things like this article are quite good. the more the attack bitcoin the more resilient it will get. we have had a lot of these idiotic attacks against bitcoin in the past 9 years and you can see that every time people realize a little more that bitcoin is much stronger than they thought.
I know the article is mostly bullshit but I hope that they actually do try to shut down bitcoin some day. maybe some people need proof that a decentralized network can not be shut down by anyone ever! their failure will make bitcoin even stronger.
Topic: We Need To Shut Bitcoin And All Other Cryptocurrencies Down. Here's Why. - page 4. (Read 593 times)
March 25, 2018, 01:02:24 AM
March 24, 2018, 05:34:18 PM
Do you think there's a possibility this author has been hired to write such articles? Or why does he spend so much time attacking Bitcoin and cryptocurrencies?
March 22, 2018, 01:56:03 PM
These kinds of articles seem to me a lot of conspiracy theories.Of course, security will be at the top level when depositing investments.Security is important for every investment, not just the crypto money.
March 22, 2018, 01:23:10 PM
bitcoin already solved the issue around employees using their works network to CPU/GPU mine bitcoin
its called ASICS
just 1 ASIC has the hash power of 13,000 high end PC's, so no one is stupid to risk their job mining bitcoin using insufficient hardware(pc's)
most of the illicit mining is from the altcoiner penny grabbing dim whits, not bitcoin community.
as for permissioned vs permissionless.. well fiat has been a permissioned system for decades, and in 2007 shown even those at the top of the permission list ended up being the most corrupt, thieves of them all
its called ASICS
just 1 ASIC has the hash power of 13,000 high end PC's, so no one is stupid to risk their job mining bitcoin using insufficient hardware(pc's)
most of the illicit mining is from the altcoiner penny grabbing dim whits, not bitcoin community.
as for permissioned vs permissionless.. well fiat has been a permissioned system for decades, and in 2007 shown even those at the top of the permission list ended up being the most corrupt, thieves of them all
March 22, 2018, 12:11:24 PM
Well, to be honest a few lines in the article got me thinking.
Not about shutting down bitcoin (lol), or that miners might use txs for drugs crime terrorism...that's the usual crap.
But miners nowadays are acting selfishly and instead of a a company like Visa that imposes taxes on the payments we have ended up with miners who are rejecting txs under a certain value and are preferring to mine empty blocks even while the mempool was full.
I was so pissed at some of the pools in December I wished that there would be a way to have your tx included in a block mined by a certain pool, or prevent your tx to be included in a block mined by pool x so I wouldn't contribute to their mining operation.
We need a system which allows us to send free tx, unlimited transactions and high security with no chances of a 51% attack on the network.... a bit too much to ask unfortunately right now.
And of course ripple which is a bit too much pumped in this article isn't even close to being a solution.
Not about shutting down bitcoin (lol), or that miners might use txs for drugs crime terrorism...that's the usual crap.
But miners nowadays are acting selfishly and instead of a a company like Visa that imposes taxes on the payments we have ended up with miners who are rejecting txs under a certain value and are preferring to mine empty blocks even while the mempool was full.
I was so pissed at some of the pools in December I wished that there would be a way to have your tx included in a block mined by a certain pool, or prevent your tx to be included in a block mined by pool x so I wouldn't contribute to their mining operation.
We need a system which allows us to send free tx, unlimited transactions and high security with no chances of a 51% attack on the network.... a bit too much to ask unfortunately right now.
And of course ripple which is a bit too much pumped in this article isn't even close to being a solution.
I agree, the current system is certainly not perfect and there is quite some room for improvement. But then again there will always be advantages and disadvantages and I don't think it will ever hit perfection - particularly because that means something different for everyone.
March 22, 2018, 12:07:22 PM
I do not believe everything I read on a screen. You have to find out answers for yourself instead of letting other people tell you what to think.
March 22, 2018, 12:05:19 PM
Oh, I've read this before. It's an extremely pointless article. The author basically argues that illicit cryptomining will take over the world, so cryptocurrencies should be made illegal before things get that bad. Well, illicit cryptomining is really just another form of cyber attack, so why focus solely on it? While we're at it, why don't we take things a step further and make the internet illegal so no one gets their data and/or processing power stolen?
But yeah, that's just about how stupid his logic is. You don't burn your house down just to get rid of a few vermin. I don't even think the author is stupid. He probably just really needed to write something controversial about crypto and this is the most original thing he came up with.
I would also like to note that the author forgot a dead simple way to stop most illicit crypto mining attacks: the NoScript browser extension (or ScriptSafe for Chrome), which everyone who wants to be safe on the internet should be using anyway.
But yeah, that's just about how stupid his logic is. You don't burn your house down just to get rid of a few vermin. I don't even think the author is stupid. He probably just really needed to write something controversial about crypto and this is the most original thing he came up with.
I would also like to note that the author forgot a dead simple way to stop most illicit crypto mining attacks: the NoScript browser extension (or ScriptSafe for Chrome), which everyone who wants to be safe on the internet should be using anyway.
Great points! I couldn't agree more! Regulation and control is certainly not the answer to a few bugs which can be solved fairly easily. I'm all for controversial articles but having credible arguments is essential there.
March 22, 2018, 10:45:04 AM
I read the article and I failed to see it as a strong reason to shut bitcoin down. Just because there are many attackers, it doesn't mean that bitcoin is not save. There is a tech so-called security that is able to save our bitcoin. We just need to follow the steps to keep our bitcoin save.
However there are so many smart hackers, but not all of hackers are bad. Good ones or white hat will work in security side to keep security system is able to protect our bitcoin from hackers. So I just don't think it is a good idea to shut bitcoin down because of bad hackers.
However there are so many smart hackers, but not all of hackers are bad. Good ones or white hat will work in security side to keep security system is able to protect our bitcoin from hackers. So I just don't think it is a good idea to shut bitcoin down because of bad hackers.
March 22, 2018, 10:08:21 AM
Yes, no one will deal with the closure of bitcoins and crypto currency, if only because they themselves bring this money.
March 22, 2018, 10:07:45 AM
Bitcoin cannot be down by just that kind of article. A big and well stablished supermarket cannot be stop on giving people there needs by just an article telling bad about the stablishment same with bitcoin bitcoin is a well stablish cryto currency and supported by the big community because it gives profit satisfaction. Bitcoin holders will definitely support bitcoin rather than get panic ang leave.
March 22, 2018, 10:03:39 AM
Are we supposed to take seriously an article that promotes: 1) absolute control over cryptocurrencies, 2)the centralized bankers coin known as Ripple? the article mentions the issue with illicit cryptomining thanks to undetected softwares, and I agree it's a problem but, they forgot (did they?) to say that there are several ways to stop these softwares from running on your computer.
To me this is nothing more than another article trying to scare people away from Bitcoin and other cryptocurrencies...and I thought these kind of scare tactics from the media was over.
To me this is nothing more than another article trying to scare people away from Bitcoin and other cryptocurrencies...and I thought these kind of scare tactics from the media was over.
He is just trying to spread fud.
March 22, 2018, 10:03:24 AM
Hi everyone! I found this quite overly dramatic article on forbes and was wondering what you think. https://www.forbes.com/sites/jasonbloomberg/2018/03/10/we-need-to-shut-bitcoin-and-all-other-cryptocurrencies-down-heres-why/#4662eb0c1bca
Anyone seen it? What's your thoughts? Fair point or total bullocks?
Anyone seen it? What's your thoughts? Fair point or total bullocks?
this is already 12 days old. and it was created at that time to spread FUD and create panic so that price falls more. now it is over.
and i have only 1 thought about this and it is an interesting one:
bitcoin is a decentralized currency, which as you may know it is called as censorship resistance. what i am trying to point out is that bitcoin is not something that anybody can shut down. so saying "we need to shut it down" only shows that the person saying it has no understanding of what bitcoin is.
It doesn't matter what the truth is. They don't need to shut down Bitcoin to stop it from becoming more popular. They are spreading doubt and fear to scare investors out of Bitcoin.
March 22, 2018, 10:02:21 AM
Are we supposed to take seriously an article that promotes: 1) absolute control over cryptocurrencies, 2)the centralized bankers coin known as Ripple? the article mentions the issue with illicit cryptomining thanks to undetected softwares, and I agree it's a problem but, they forgot (did they?) to say that there are several ways to stop these softwares from running on your computer.
To me this is nothing more than another article trying to scare people away from Bitcoin and other cryptocurrencies...and I thought these kind of scare tactics from the media was over.
To me this is nothing more than another article trying to scare people away from Bitcoin and other cryptocurrencies...and I thought these kind of scare tactics from the media was over.
March 22, 2018, 09:53:54 AM
If they had the power to do such a thing, they'd already done it. Since Bitcoin first appeared, we've seen bans, blocks and regulates. The result is obvious.
March 22, 2018, 09:53:33 AM
Hi everyone! I found this quite overly dramatic article on forbes and was wondering what you think. https://www.forbes.com/sites/jasonbloomberg/2018/03/10/we-need-to-shut-bitcoin-and-all-other-cryptocurrencies-down-heres-why/#4662eb0c1bca
Anyone seen it? What's your thoughts? Fair point or total bullocks?
Anyone seen it? What's your thoughts? Fair point or total bullocks?
this is already 12 days old. and it was created at that time to spread FUD and create panic so that price falls more. now it is over.
and i have only 1 thought about this and it is an interesting one:
bitcoin is a decentralized currency, which as you may know it is called as censorship resistance. what i am trying to point out is that bitcoin is not something that anybody can shut down. so saying "we need to shut it down" only shows that the person saying it has no understanding of what bitcoin is.
March 22, 2018, 09:52:01 AM
Well, to be honest a few lines in the article got me thinking.
Not about shutting down bitcoin (lol), or that miners might use txs for drugs crime terrorism...that's the usual crap.
But miners nowadays are acting selfishly and instead of a a company like Visa that imposes taxes on the payments we have ended up with miners who are rejecting txs under a certain value and are preferring to mine empty blocks even while the mempool was full.
I was so pissed at some of the pools in December I wished that there would be a way to have your tx included in a block mined by a certain pool, or prevent your tx to be included in a block mined by pool x so I wouldn't contribute to their mining operation.
We need a system which allows us to send free tx, unlimited transactions and high security with no chances of a 51% attack on the network.... a bit too much to ask unfortunately right now.
And of course ripple which is a bit too much pumped in this article isn't even close to being a solution.
Not about shutting down bitcoin (lol), or that miners might use txs for drugs crime terrorism...that's the usual crap.
But miners nowadays are acting selfishly and instead of a a company like Visa that imposes taxes on the payments we have ended up with miners who are rejecting txs under a certain value and are preferring to mine empty blocks even while the mempool was full.
I was so pissed at some of the pools in December I wished that there would be a way to have your tx included in a block mined by a certain pool, or prevent your tx to be included in a block mined by pool x so I wouldn't contribute to their mining operation.
We need a system which allows us to send free tx, unlimited transactions and high security with no chances of a 51% attack on the network.... a bit too much to ask unfortunately right now.
And of course ripple which is a bit too much pumped in this article isn't even close to being a solution.
March 22, 2018, 09:50:10 AM
Is this something new and extravagant ? No .
Such allegations , assumptions and all those over the top words have been put up against bitcoin and crypto currencies in the pas too . Don't you think that all these opinions comes out from some people who have a good influence of government and the government which is always opposing bitcoin ? Well you have my answer now .
Such allegations , assumptions and all those over the top words have been put up against bitcoin and crypto currencies in the pas too . Don't you think that all these opinions comes out from some people who have a good influence of government and the government which is always opposing bitcoin ? Well you have my answer now .
March 22, 2018, 09:38:09 AM
The whole article is completely pointless. Under the authors perspective, all fiat should be shut down. His arguments walk around the control of the crypto in order to stop money laundery and other illegal activities. His concern is basically that the blockchain is supported by the people instead of corporations, and he presumes that behind the blockchain system there are many bad people. To me, this is but a child's speech, based on the authors fear towards the new technology.
What he basically proposes is that the money, every type of it, needs to be controlled by corporations in order to have a "good use", for his arguments doesn't pay attention to the money laundery or illegal activities in general, but those made with crypto. Well, then, what happens with money laundery on fiat or paper money? He seems to forget about it.
Pointless, completely pointless and misinformed article. Even his proposal is brainless: to stop everything new, everything whose control does not reside on corporations, for the humanity, as some stupid child, needs to be taken care. His presumption is based on this whole idea: most of the humanity is bad, but corporations. Corporations are good and clean from his point of view, no matter, though, tax evasion, money laundery, even slave traffic, no, that doesn't matter, this is not even mentioned, for the most important problem is for corporations to have control over the people. Besides, he seems to forget how many big corporations are already into crypto. Are they wrong too? His beloved corporations?...
Nasty.
What he basically proposes is that the money, every type of it, needs to be controlled by corporations in order to have a "good use", for his arguments doesn't pay attention to the money laundery or illegal activities in general, but those made with crypto. Well, then, what happens with money laundery on fiat or paper money? He seems to forget about it.
Pointless, completely pointless and misinformed article. Even his proposal is brainless: to stop everything new, everything whose control does not reside on corporations, for the humanity, as some stupid child, needs to be taken care. His presumption is based on this whole idea: most of the humanity is bad, but corporations. Corporations are good and clean from his point of view, no matter, though, tax evasion, money laundery, even slave traffic, no, that doesn't matter, this is not even mentioned, for the most important problem is for corporations to have control over the people. Besides, he seems to forget how many big corporations are already into crypto. Are they wrong too? His beloved corporations?...
Nasty.
March 22, 2018, 09:37:04 AM
Funny thing is they are also promoting ripple, I don't know if how far fud can go to avoid bitcoin to be more adopted in the whole world, many
negative news has been created just to attack bitcoin growth, I know that it will bring to attentions of many investors specially those new comers
and those who are just planning to start investing we should be more keen to understand all around the chain and see the potential.
negative news has been created just to attack bitcoin growth, I know that it will bring to attentions of many investors specially those new comers
and those who are just planning to start investing we should be more keen to understand all around the chain and see the potential.
March 22, 2018, 09:27:31 AM
There a lot of people out there are still skeptical with Blockchain technologies while other party such as Bank are ready to seek opportunities adopt it.
Do we make decision to invest Bitcoin based on their opinion, I don't think so. Many parties are worried by Bitcoin popularity, it has become commonplace that the party will make FUD news to create negative opinion in market.
Quote
The Utility Settlement Coin
Six of the world’s largest banks, Barclays, CIBC, Credit Suisse, HSBC, MUFG, and State Street, have announced backing of the UBS and Clearmatics-spearheaded Utility Settlement Coin, joining other industry heavyweights who have already pledged their support for the project, including BNY Mellon, Deutsche Bank, and Santander.
sources: https://techcrunch.com/2018/01/28/bank-based-blockchain-projects-are-going-to-transform-the-financial-services-industrySix of the world’s largest banks, Barclays, CIBC, Credit Suisse, HSBC, MUFG, and State Street, have announced backing of the UBS and Clearmatics-spearheaded Utility Settlement Coin, joining other industry heavyweights who have already pledged their support for the project, including BNY Mellon, Deutsche Bank, and Santander.
Do we make decision to invest Bitcoin based on their opinion, I don't think so. Many parties are worried by Bitcoin popularity, it has become commonplace that the party will make FUD news to create negative opinion in market.
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