Last week marked the 11th year anniversary of Bitcoin’s white paper release. It was nine-pages, published anonymously by the pseudonym Satoshi Nakomoto in the wake of the financial crisis that plagued the world and plunged the global economy into a recession.
RT @Rhythmtrader: My latest post: Bitcoin’s Price Doesn’t Reflect Its Value
Within a decade, governments, banks and corporations went from laughing at the idea of bitcoin to trying to imitate it.
I've been buying more each pay purely because the end is near for fiat. This ponzi scheme the fed and Central Banks are running is an absolute joke and the fact that trump doesn't even tweet a dam word about it proves he's apart of it in some way.
Time to make the shift before this shitstorm comes crashing down and everyone gets rekt
The US government has 'internet dominancy' over all things. They can shut down a website in a second, like they did to the gaming website Full Tilt. They set up a law that allows them to remove the routing information and domain information at will, in the name of justice and security.
Corporations are on another level. The number of people out to control every second of every day of our lives is incredible. It's about slavery and power. When I worked in Advertising, we had focus groups to determine what words and phrases cause people to spend more, buy more, and react in better ways to control you. Now, amplify this a million times by a million companies.
In the movie 'VICE' there is a scene in which Dick Cheney hires a PR firm and they find out that 'Global Warming' is scary, but 'Climate Change' has little to no effect. Suddenly everyone talked about 'climate change' and the phrase 'global warming' was dropped from speeches.
I honestly believe the only company to actually create a successful coin would be Amazon, and maybe AliBaba, because these are the dominance of where we spend our monies. If you can create a voucher system or coin system then you have one of the key elements of slavery. To understand what I mean, in the heyday of American Slavery, they would pay people pennies per hour to work for them, and then the only store in town to shop in was ALSO owned by the person who paid them. The shop owner had all sides of the money and merchandise. If you can box a human in, you can control them. Think about your employer, their relation to banks and loans. When you buy a car or a home, you are a slave to the bank. It's a trap designed on purpose to plug you in to their system. When you operate outside the system, from privacy to piracy, you can quickly become percieved as an enemy of the system. If bitcoin becomes popular it would be a threat to democracy and removed. But I am getting off track.
Corporations are all about getting more power and control, and bitcoin is about removing power and control. At some point, this will come to a head, and it will unfortunately change. Remember, Hong Kong wants democratic elections, and China said 'as long as both are Chinese'. That's the reality of our world, you are given two 'selected' options to think you have power, when really you have none. The person with all the money has the power.
All good points but the only thing is that bitcoin cant be "removed" as you say. Even if you block all the websites and apps and turn off all the power, they cant do that for the whole world. There will always be someone out there running nodes, generating power via solar or wind in their small off grid house. Heck we might even see a node running 24/7 in space someday. Anything is possible but stopping bitcoin would be almost no chance. There is talk of quantum computers or 51% attack but where one might fail others will take its place should that ever occur.
You might be missing the point. They don't have to _remove_ it per se, they just need to 'contain it'. Nobody cares if you have 0.0001 of the power. It's like Pirate Bay or silk road. They can never remove crime, pirating, or drugs. They can never remove bitcoin. But if it's a 'fringe' thing, and remains such, it will stay like it is now and go nowhere.
The mainstream media tries very hard to keep bitcoin in the fringes and thats a good point. Look how mant people theyve brainwashed into saving instead of investing. It may take a long time but eventually the average person will see value in crypto over traditional banking. The more control banks and governments try to peddle (now with creating their own coins since they figure out they can track all of us via blockchain and probably make money selling our spending habits), the more people will turn to being their own bank.
Absolutely not. You fail to see the issue in your argument. Bitcoin _makes_ no money. What I mean, is that in order for Bitcoin to have a giant marketing campaign, it needs to either 1) have a 3% transaction fee, 2) be able to have loans, like a bank, where they loan you bitcoin at a high interest rate and make profits, and 3) Have a high exchange fee.
Right now, my bank offers me:
1) Cash Back on purchases. Something Bitcoin can't do.
2) Offer Credit Products that offer points and cash back.
So, banks rely on profits to pay their marketing campaign. As long as bitcoin can't generate the same profits as banks, banks can just plain outspend bitcoin. As long as that keeps on happening, they will always win. Remember, the bitcoin strategy is the LONG HAUL strategy to minimize against the devalue of the dollar. 90% of the USA, heck, even the world, lives paycheck to paycheck and so the long haul strategy doesn't apply to them, it only applies to those (with money already) who can invest into bitcoin, keeping the rich as rich and keeping the poor even poorer.
Cash back is a scam , its priced into the items that you buy and also the fees ayou pay for using a credit card far outweigh anything you earned. Sorry you fell for it. Bitcoin will keep rising in value because it was created to be deflationary, and thus protect the average person from rampant government money printing.
Yes, cash back is a scam for the vendor, but not for me.
Point was, from a marketing standpoint, banks can outspend over and over and over and because people are so stupid to vote a republican president, it's quite clear that banks can outsmart the layperson with marketing marketing marketing.
Betamax was higher quality and a better product than VHS, but VHS outspent Betamax when it came to marketing and advertising, so everyone purchased Betamax. It's the same with Atari and other game systems. Others were often better, but the spend and marketing generally out performs.
What if your mind is already blown? How are you supposed to pick up the pieces and explode them again? To what end? And then how can your mind be blown anymore? Take your should be blown mindset where it belongs, the nonsense pile.