Would the CIA or some bank/spy-agency ever sponsor kill of Bitcoin'simage? - page 2.

Xester

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Quote from: centralbanksequalsbombs on May 16, 2017, 01:28:23 AM

Do you think there would ever be a time the CIA or some central-authority-agency would in someway sponsor activities that would hurt Bitcoin's image in the world?

What do you think?

America is in control of the worlds currency in the form of US dollars as the universal legal tender. If bitcoin will be adopted by the countries in the world then bitcoin could be the next legal tender leaving the US dollar weak and prone to economic devastation. This could be the fall of the economy of America thus they see it fit to destroy bitcoin using the quantum computers made by the CIA.

dinofelis

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I think it is a misconception that authorities hate bitcoin. In fact, it allows them far more control over finances than has ever been, because of the transparent block chain, and the fact that they can apply strict AML/KYC rules on exchanges, knowing the inputs and outputs of the chain.

Moreover, bitcoin being essentially a speculative asset, I think banks are gonna LOVE this once they are allowed to speculate on it.

Bitcoin moreover being a collectible, somewhat similar to gold, central banks will be able to steer entirely its market, like they do with gold, as they can corner it, and dump it at essentially no cost (just the cost of printing fiat to buy it, keeping it as a reserve asset like they do with gold).

Herbert2020

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Quote from: Qartada on May 16, 2017, 01:44:02 AM

Quote from: Herbert2020 on May 16, 2017, 01:38:05 AM

what would be the motivation for doing that? (what would they want to achieve)

The dominance of their own fiat currency so that they can regulate it better, pull in taxes and more.

they can still regulate bitcoin and put taxes on it and they do do that.

Quote

The German central bank has already warned people against buying Bitcoin - kind of like how ants would warn people not to use pesticide, as I saw someone saying.

you need to read the whole news not just the headlines. these warnings are not restricted to one or two countries all of them have issued such warnings to their people. and the warning tells them to be careful when investing in bitcoin, since it is not regulated and volatile and they may lose a lot of money. and this is the same warning we give to any newcomer asking if it is ok to invest all his life savings in bitcoin.

Qartada

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Quote from: Herbert2020 on May 16, 2017, 01:38:05 AM

what would be the motivation for doing that? (what would they want to achieve)

The dominance of their own fiat currency so that they can regulate it better, pull in taxes and more.

The German central bank has already warned people against buying Bitcoin - kind of like how ants would warn people not to use pesticide, as I saw someone saying.

mindrust

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Quote from: centralbanksequalsbombs on May 16, 2017, 01:28:23 AM

Do you think there would ever be a time the CIA or some central-authority-agency would in someway sponsor activities that would hurt Bitcoin's image in the world?

What do you think?

How do we know this recent attack wasn't done by CIA? (They are responsible in some other way even if they didn't do it) Now people stared to blame North Korea for the attacks because blaming Russia for everything is not cool anymore. In the end, those tools were made for NSA and they couldn't have guarded them safe enough. They suck

Herbert2020

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what would be the motivation for doing that? (what would they want to achieve)

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

Do you think there would ever be a time the CIA or some central-authority-agency would in someway sponsor activities that would hurt Bitcoin's image in the world?

What do you think?

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