Bitcoin Forum

We have been experiencing lots of up n down , contradictions on bitcoin scaling solution  .. even Dev teams are not united , forget about miners, in addition big whales hv their own gang and their positions on fork , or pre/post fork ..

do you think Bitcoin is victim of bad politics or became a political coin .. ?

Money and power goes hand in hand and Bitcoin is money. Money also bring out one of the worst behaviour in humans : GREED
and GREED is the one thing that makes people crazy. Since the beginning of this experiment, people have tried to take control of it. People like Mike Hearn / Jihan / Roger Ver / Gavin / Craig W and lots more.

Governments banned the technology and Alt coin developers have copied the technology. Banks are trying to create their own private version of it.

We have GREEDY people fighting for control. This will never end, because people are driven by GREED. ^grrrrrrrr^

You said it well. We have the same feeling on things going right now. It seems to me that people responsible with Bitcoin are the most disunited kind of people as they are independently pursuing what can be the best for their own self-vested business concerns. It is becoming so sad that it has been proven that they could not sit down and unite on many issues and even after there is an agreement there are people who are not inclined to respect the said agreement.

These people are really manifesting one of the weaknesses of the human race: THAT inability to see beyond oneself and decide even just for once the best for Bitcoin which in the first place is the one giving them the avenue to earn money. There are people who prefer to rock the boat they are on for their own reasons.

This kind of tilted arrangement where only a few people are given that power to decide for themselves what can happen for the whole Bitcoin network is something I don't like about Bitcoin. It is decentralized yet we are giving a circle of people that deciding power...isn't that something a misnomer in itself?

I am not sure where this assertion is coming from. But I have a strong conviction that bitcoin has a universal appeal.

It's usage cuts across national boundaries and cultures and ideologies.

Yes, but it still suffers from politicization, polarization and ossification of the protocol. Any network / protocol that becomes widely used and successful over time will have stakeholders. In this case, miners and services (wallets providers, exchanges, payment processors, marketplaces, etc) launched their businesses and over time, their interests became entrenched. This is how protocol ossification happens.

For instance, Bitpay has built their entire business around on-chain payment processing. That means they need cheap fees. The cheaper the fees, the more money they can expect to make. So, it's no surprise that we see them pushing for hard forks that are easy for them to implement, but very messy (politically) for the entire network to agree upon.

Yes of course that there is a lot of political influencement over bitcoin, everytime that there is a big dump or pump it is because of news from governments and big banks, and it is all about politicians and those greedy powered people who are important.
And it has been manipulated by them during the last time, i would not be shocked if bitcoin goes down by a lot of money because a big notice from any government, because it has been happening for months.

Bitcoin is very popular now. Yes it is in fact connected with politics. Bitcoin has no negative or negative impact on politics. It is good news for the country.

Anything that makes big money, with more people involved they are going to try hard and make the most out of it for themselves. It is just how this world works.

Manipulative forces on certain "phenoms" are always emerging. Bitcoin is a phenomenal coin for us and also a ground breaking technology that brought new solutions to record keeping problems. With the dev team current problem, i really think that bitcoin is a victim of bad politics and also the greed of the big people that presses the dev team.

Bitcoin is only a victim of whatever people want to do with it, that's the nature of something that is completely decentralized. The only way that it can be fixed is by having people either come together and compromise, or having a few or a single power decide everything which is in their own best interest. There is nothing that can be done about bad politics, only poor cooperation. And cooperation comes in many forms, such as, like I said, single powerhouses or multiple powers working together for their own interests.

Exactly.

Satoshi left a text message in the first mined Bitcoin block which reads 'The Times 3 January 2009 Chancellor on brink of second bailout for banks'. The text refers to a headline in The Times published on 3 January 2009.

What do you think this means?

You are in on the money. The scaling debate is both political and ideological. Unfortunately we live in a gang mentally world. Instead of solving issues we spend a lot of time shoot each other. Even now the proposed solutions are temporary. I just wish the noise would stop so we can start looking at real problems. We have known about the scaling problem for way too long to still be debating.

In short, it's clear the Chinese government wants to foster international trade under its own terms and end the financial, economic and political hegemony of the U.S.

That's it. It is becoming a political coin with this greediness of some unknown forces which may be a Government trying to centralized the Bitcoin industry . There is a problem on the core of the Dev team. As of now, Bitcoin have been changed through out the years from first the community alone but now it is changed more on how it will be used by large corporations. The bitcoin community (some of them and also the DevTeam) have been argued that they dont want the november fork because it is not needed but what happened? It is still scheduled to happen. The Core should reconnect to it's roots and that is the community.

Probably, because bitcoin is very independent that it can stand alone in the market without no one controlling it. This is the main reason why the government doesn't like the idea of crypto currencies because of this they will lose control over money and if time comes that full adaptation and acceptability of bitcoin will be established in most countries chances are their economy will no longer control by their government.

I think bitcoin is just a victim coin that just being used repetitive by their greediness and selfishness agenda just to have more profit, power, and control over the market of the digital currency, that is the nature of the human to begin with. doing everything and anything they can even it is beneficial or harmful to the society and its people just to gain dominance and control over to it. the Banks, Government, Big, Powerful and Richest person has one thing to their mind and that is to have the best chess piece and manipulate it.

Knowing that bitcoin would entail money, it will not only attract politicians but many other people and can be used in ways they know how. We cannot really say it is for politics. Many ordinary people benefit from it too.

Bitcoins can possibly be a political coin. Because of the people who wants power, people who want to take control of the world which is greed.

I know everything in the world is under politic. Government make news and retail trader decide to pump and dump bitcoin. Most likely politic is behind the bitcoin to make volatile price of bitcoin.

This isn't a bad politics but the drawbacks of current Bitcoin Blockchain due to large adoption which weren't thought during its inception.
But as evolution is the rule of hierarchy, we shouldn't worry about its future. The numerous fork announced every other month is nothing but a try to invent something out of Bitcoin, better than Bitcoin.
As soon as community will get something better, it on the whole will shift to new chain and problem will solve evidently.

My take is more on pride and arrogance. There is two sides of the community the tech savvy ones (coders) and business people (non-coders). In my opinion, the scaling debate is a crucial technical step. Now, there's an easy and hard way. Easiest way is to increase the block size, to me - this method is uncreative one like tax. This just leads to ever increasing block size, and the larger the block size the slower to propagate into the network plus the larger it gets the larger storage you need to run nodes, so it gets really expensive. You see? even just doubling the block size would be detrimental to the UTXO hence we clearly needed to scale off-chain and you know how that goes. It's harder but it's more efficient. Lightning would be the solution, and deploying lightning would need a malleability fix, which segwit has done and partly separating the heavy scripts to accommodate more transactions.

Everything is possible,maybe bitcoin currency was created for laundering dirty money, but dont forget that ordinary people make money with bitcoin also and launder the same money, so not only politicans are involved.

Bitcoin is a legit currency, very useful for the good. But as even Jesus Christ's history was misrepresented, why wouldn't it happen to Bitcoin? Everything legit awake evil forces trying to subvert the real initial purpose. It's a malicious strategy because they use the real history/purpose as propaganda (with the agreement of everyone), but behind the scenes the intentions are very different, because they were changed by these "politicals" (not saying only politicals, but any cheater that try taking advantage).

Corruption is the proof. People are fighting for it, not developing bitcoin because of its price today. Many are being driven to control its position specially in the government sectors. Bitcoin i think will not be the victim of it but people with greed towards money will destroy everything.

Besides being a political coin challenging the Fiat masters of this world, Bitcoin are also the victim of Developers trying to

power grab the fame and fortune that comes from leading this experiment. You get a lot of attention, when you are part of

the team that runs the show in the development of this technology. Gavin had a taste of this and he clearly wants more now.

The political struggles to be on top, has only started... we will see a lot worse as Bitcoin grows bigger.  >:(

I think bitcoin is a fabric used to make big profits. get a big profit from bitcoin that is by, investing, trading and many others. for bitcoin users they will definitely get a lot of profit.

Bitcoin is to be a legal currency but as today's world is filled with corruption what can happen next cannot be imagined what's your view on this ?

If you view the struggle for supremacy as an engagement in politics, then OP you may be right. But I don't think so that Bitcoin has become a political tool. The disagreement among devs, miners and specially treated whales is healthy. If you know what goes on among governments and their functionaries you will also discover that a lot of power is involved in fiat too. It is only natural for humans to struggle for power where anything substantial and valuable is concerned.

I think it is a victim of bad politics because as we think politics was handled by people and these people are not doing their job on what can make one country into better. They only think of what is good for theirselves. They become iresponsible and they are united as one as result to misunderstanding and trouble as well. Power was not being used in a right way this time and that was the sad truth about people in the politics.

Arguably bitcoin is apolitical, given that it is stateless and decentralized. So it can be viewed as political in the sense that it is politically neutral. Bitcoin is thus a hedge to political turmoil in individual nations. No nation has the power to shut it down.

You may say that it is political in the sense that there are attempts to have some control and power over it. Bitcoin is involved in politics because activities are done in order to gain control and much of it are being done involving bitcoin and the cryptoworld. There is the presence of whales and other corrupt influential users who want to make the most profit by manipulating the market. It's not surprising that there is such a presence because in anything which has power is given interest by those who are greedy.

Bitcoin is undergroun of money market. You should do mining and mining. I dont believe that it is gonna be political for many years.

Basically, bitcoin is completely decentralized and un-controllable currency so in this sense we cannot connect bitcoin directly to some in fluency but by a parameter we can say that bitcoin is a political coin because in politics if you want to overcome the well of someone in your favour so you must be perfume positively in favour of that one individually or communally.

In this sense bitcoin has proved himself helpful and beneficial to people so we can say that politically bitcoin has played a great role for winning the well/hearts of people.

Due to decentralization, nobody can fully control the BTC, but BIG fishes of the pond always try to manipulate and control the things. This also implies to BTC, developers, Miners, Devs and Big HODLers are trying to manipulate the Btc at their own level.
Some says forks are just improvisation and developers are trying to give best and better version of BTc while other say it is Victim of politics and will ruin it completely.

I would not call bitcoin a political coin. But, you are right that forks are ways to manipulate the price. And they are needed only in order to sharply reduce the price and make a panic

Every era has that one precouis thing that the world fights over, in the early days poeple fought over land, than they fought over gold, and now they are fighting over the control of the bitcoin, even if it is hidden and people not see it the competition is there, when bitcoin was created it was supposed to unite people under one currency and as it strated to grow and increase in price it drove poeple to madness and it strated to lose its purpouse and mining it started to become more of thing that is specified to large companies and poeple with power, and not to mention the bad use of its mechancis and adventages for illeagal stuff, but the vision and the passion that the devs and the user  have for it is what makes it keep going and makes it the best option not only for users  but also for investors.

Political? Maybe in the sense that there will always be "politics" involved in anything that includes a group of people, and that's true whether you're talking about a government or an office. But I'd call Bitcoin a politically neutral technology in the sense that it doesn't really care about who uses it. Libertarian free market supporters like it because it can be used to get around regulation and dodge the morality police to a certain degree. I could even see left-wingers, the ones who genuinely care about things like civil rights and equality rather than just using those terms like stone clubs to get their way anyhow, liking it because Bitcoin does not care about race, religion, sexual orientation, or national origin. If people have manipulated it for their own profit, they're usually the big players who have something to gain by creating chaos.

Even politics and bitcoins are too far away from each other as they do not have any similar connection. Bitcoins are a free currency without any restrictions and dominance. Bitcoins cannot be controlled by any politics and so it is never a political coin. Even we know that bitcoins are completely decentralized and have nothing to do with the government transactions and even the government cannot control bitcoins.

Bitcoins are grown vast these months and that's why most of the political parties have started accepting bitcoins in order to make themselves famous.

I think it's true Bitcoin a political coin. Because, as much knowledge about it, I can get it up.
If someone knows the relationship between BTC, and can work properly
Then we can earn a lot of money.

Bitcoin was not created to be used on laundering ill-gotten money or the money taken from criminal activities...that is not the main design of Bitcoin. But since it is also a currency the government could never post a police on everyone...anybody can use Bitcoin for whatever purpose one has in mind whether they be legal or illegal. The problem is that since Bitcoin is still new or something that is novel, it can easily be highlighted and so we always hear this point in the mainstream media. Please note that any currency digital or not (fiat paper money) can also be utilized for criminal activities. In fact, I have a report that the biggest transactions for criminals are still conducted in real cash (though Bitcoin can be more attractive for them).