Topic: What if Bitcoin Fails ? - page 6. (Read 1203 times)

Not really. BTC is just one of the things that are battling the ever-growing threat to privacy. So no, privacy in itself will not fail.


BTC can fail for multiple reasons and not one of them needs to be because it was censored, so no.


Yes, I can agree on that, it's definitely a win for institutionalized financial systems.


BTC has really nothing to do with freedom of speech.


Not really. BTC did not perpetrate objective truth nor will it effect it.


Capitalism does not favor privacy and the freedom to control your own funds, so no, that's a wrong assumption.



It is, but it's also not the only one. If BTC fails, there are other avenues in crypto that can continue what BTC started.

Bitcoin can’t fail. It has already succeeded. Blockchain technology is out of the bag and people have a new way of fighting financial oppression in the digital age. So even if Bitcoin’s price goes to zero, it will not be a failure. It has opened the eyes of many and shown that the revolution will be monetized. With politicians jumping on board the train, it’s really only a matter of time before Bitcoin, or some other form of blockchain technology takes over the current financial system without so much as firing a shot. Welcome to the future where what can be accomplished digitally surpasses what one can accomplish with an army.

Cheers buddy, good to hear that you will take my advice into consideration and that you will improve in that regard.


Yeah I understand that many are not aware of the proper text formatting when copying someone else's text, hence my advice. From my experience, majority of members that I warned about that actually improved and started doing these things properly so not all is lost.

I know quit well that you are right, coping an article and format it properly with the source is not against the protocols of the community, according to the rules and regulations of the community, the only factor I'm considering is that the users is a newbie and maybe it has not come in contact with the rules and regulations of the community in order to know what is obtainable by formatting a text, i believe is following the thread in order to notice some lapses if op wishes, what he really needs is our directions as you fish out some tangible points. Because theirs a way we shall blame op it will be discouraged op, that's from my view.

@Rikafip I've learnt from what you have said now, I'll do better than this next time.
You can count on me, I felt I should share.. Your observations are right, I can't argue with you on that.

"9 )  If Bitcoin fails, We Will Own Nothing

We don’t own anything of value. Property & money are regulated & stored with custodians. You don’t own it; you just have a claim. With Bitcoin, the value of your life’s work can be stored in a few words. Free to take with you anywhere."

I disagree with this one because precious metals could take BTC's place instead. To avoid government/institutional management, we could trade with bars of gold or coins of silver. Granted, metals are way easier to steal than BTC is, and BTC is easier to trade with and carry, but it's not an absolute "we will own nothing".

Well, according to bitcointalk rules this is not plagiarism as long as he shared reference link (that he did), no matter how you format the copied text. Regarding paraphrasing, there is no need for that either, it's ok to verbatim copy someone else's text but as long as youformat it properly and share your own opinion on that matter and both of those things OP failed to do.

And yeah, I do understand that for many people this is the first time that they are active on some forum so they are maybe not aware of the stuff like that.

I saw the copy and paste work like op that wants further issues of been tag plagiarism, i can't blame him indecencies that is a fresher, an experience user will do exactly what you portray, reading from the link it's very obvious they was no changes, i may say from my perspective maybe op is afraid of committing paraphrasing. Your observation is ideal and i agree with you.

Its all fine and dandy but what bothers me here is that not a single sentence in that post is yours, you just copy/pasted that guy Max Gagliardi's tweet thread without making it obvious to everyone that all this is verbatim copy. While you covered yourself by sharing the link at the bottom, that's simply not how these things are supposed to be done if you are to follow posting etiquette.

So, if you plan to create similar topics in the future, put all verbatim copy inside quotations and make sure to add something of your own instead just sharing someone else's thoughts without commenting on the issue.

That tweet is by a fellow who is into large scale bitcoin mining.

Sure none of want it to fail but i think what potential effects Bitcoin could have had is more about Bitcoin's actual distribution. The actual distribution is pretty concentrated at the top. This is where most of the wealth is sitting and not being put to use to improve the ecosystem. (Except the occasional grants from pioneers like Jack who are truly all in).

If this continues to happen, not only will bitcoin fail, it will also quickly become irrelevant.

 I think you are wrong @Oluwa-btc. Some Africa countries don't presently recognizing Bitcoin, but that doesn't makes it illegal. Let take Nigeria for example, their Central Bank doesn't recognize and trade Bitcoin and other Cryptocurrency. But, Bitcoin transaction are been done daily within the citizens with the help of peer-2-peer. And also if you conduct your research, you will discover that Nigeria is listed under the top 5 countries with the most Bitcoin holders. However, with the popularity of Bitcoin within the Global, I don't think it can probably fall.

Which source did you saw it that most Africa countries do not allow bitcoin transaction? Which source did you also saw it that USA and EU do not permit bitcoin transactions? Those are definitely lies. Most countries in EU and Africa permit crypto transactions, only few countries totally ban cryptocurrencies.

https://coinsunveiled.com/2021/11/full-list-of-countries-that-have-banned-cryptocurrencies/

Most countries in Africa don't permit Bitcoin transaction down till this moment, not even United States and most European countries.
Bitcoin has come to solve problems fiat hasn't not to compete with fiat, the rapid adoption of Bitcoin fiat will loss it's value gradually.

I can't say this because many big governments like USA, EU and many countries in Afrca support bitcoin, many governments do not accept bitcoin but accept their citizens to trade it, but anyone trading bitcoin in such country is on its own, but allowed. Only few countries banned cryptocurrencies totally, countries like China.

Bitcoin can not fail, especially not because of fiat that bitcoin will fail because fiat held today will have less value tomorrow and the more times passes, the more fiat are worthless.

1/ If Bitcoin fails, Privacy Fails

The ability for individuals to send & receive value peer-to-peer without the interference of government & the banking system will be lost. Bitcoin allows for a future where anyone can have private access to their money.

2)  If Bitcoin fails, Censorship Wins

We are in an unprecedented age of censorship. Bitcoin is the most secure network that has ever been built. Resilient, antifragile, & permission-less. Open to anyone in the world. There is nothing else like it. Bitcoin can’t be censored.

3) If Bitcoin Fails, Big Government Wins

The government can lose hundreds of billions annually but want us to report every time we spend over $600. There is no government accountably or transparency in our system. Without Bitcoin we lose the only counterweight to that system.

4)  If Bitcoin fails, Central Banks Win

Unelected bureaucrats decide the value of your labor & time. Money is the way we store the value of our time on this earth.  No one should have the power to inflate the value of your time away from you. Bitcoin’s set 21MM supply fixes this.

5) If Bitcoin fails, Free Speech fails

Bitcoin is code. Letters & numbers. A private key is all you need to be able to store, transport & transact value with. Never in human history has speech & language been this powerful. The freedom to speak is the most basic of human rights.

6) If Bitcoin fails, Objective Truth is Lost

"What is truth?” has never been more convoluted. You can find experts on both sides with “internet facts” supporting them. Bitcoin is the only thing we have that is truly objective & transparent. The longest chain speaks for itself.

7) If Bitcoin fails, The Energy Transition Fails

If the hope is to transition to a new energy future, we need Bitcoin, the energy buyer of first & last resort. Bitcoin monetizes energy waste & incentivizes new & efficient energy resources. Energy & Bitcoin are nearly synonymous.

8 )  If Bitcoin fails, Capitalism Fails

There is no CEO of Bitcoin. Bitcoin gained value organically, from the bottom up. The Network represents the spirit of capitalism harnessed in code. Self-interest combined with innovation & ingenuity. If you value capitalism, value Bitcoin.

9 )  If Bitcoin fails, We Will Own Nothing

We don’t own anything of value. Property & money are regulated & stored with custodians. You don’t own it; you just have a claim. With Bitcoin, the value of your life’s work can be stored in a few words. Free to take with you anywhere.

10 ) Bitcoin is too important to fail

If you value freedom, transparency, and truth, then you should want Bitcoin to succeed
If you value oppression, censorship, and corruption, then you should want Bitcoin to fail

We can't let Bitcoin fail.


https://twitter.com/max_gagliardi/status/1485308690035056647?t=-vF-9ZE_FRxdIJD2u2rdng&s=19