Bitcoin Forum

I strongly believe that in order to come off professional Bitcoin's founders and a team of financial professionals should form an "assocation" so they can directly publish statements
against any bad news or any banker labeling Bitcoin as "fraudulent". Right now, I feel like there's not one single person who can be blamed if something goes wrong and this is the exact
reason why lots of people feel uncomfortable buying the Bitcoins. Bitcoin needs a face. Right now, it's not linked to anything. It's too mysterious. I never see any publications whenever there's bad news and
this is not good! What do you guys think about this?

No association. No formality. No governing body. No central control. It all would go against the foundation tenets of Bitcoin. The trade off for that freedom is that there is no single message to refute the FUD or bad press. That's OK. It's the individual adoption of each us that stands up against the negative press. Our individual action gives the community strength.

This is the answer I would have said also. Anyway, no need to do that apparently. Trying to put bitcoin in a box is a step backward from the original vision of the great Satoshi Nakamoto. Bitcoin became famous and trusted as it is right now. Why try to disrupt the growth with an association? That is trying to reshape bitcoin, which is not good at all.

I think it don't need one. Even if you say that it will be a body to " publish statements" for those who label bitcoin as fraudulent, in the end, they will be standing as a government of this currency. Yes in the early stages it will be really smooth, but as the time passes, and a lot of issues being need to resolve, they will be having a decision to form the leaders of this currency and bitcoin will become centralized.

Agreed. No, no no.  People can say what they want about bitcoin, but it
doesn't make it true, and 'we' as the bitcoin community have no duty to sway
public opinion.  This is a currency, and 'we' are but users of that currency.  Didn't
there used to be a Bitcoin Foundation that ended up being corrupt as hell?  That's
exactly what would happen, or similar, if it's tried again.  We don't need such a thing
and I vote for no.

I do not think to hesitate to buy bitcoin. so far bitcoib has provided many advantages, i do not find fraud in bitcoin so the current bitcoin is still popular though many oblique issues about bitcoin ...

Have to agree with Habbear, Pearls Before Swine, tailwang above.

When it comes to bitcoin;

China's central authority is becoming irrelevant.

Jamie Dimon is becoming irrelevant (we all see the uneducated irony of his statements today)

All the world's largest banks who have been blocking any disclosed/open bitcoin transactions/businesses since 2013 are irrelevant.

Any attempts of government regulations / legalizations are irrelevant.

Bitcoin hit escape velocity back in 2013 (4 years ago) and has been strengthening ever since. It's 10 year anniversary is not too far away.

Truth is, Bitcoin is secure because of all of its dynamics (decentralized, open-source, immutable, secure, store of value, long established, system-of-balance: miners vs developers vs users). There is no other financial asset on earth (fiat, stocks, gold, or real estate) that can beat the store of value that is Bitcoin.

I think that this is the BIG problem of Bitcoin. Sorry to say so but I do not trust it at this point. Too many criminal activity is linked with the association.
Right now, sorry to say, you sound like people who want anarchy. Anarchy is never good. There's always people with bad intentions such as those who are manipulating the value of this coin.
I am afraid that one day very soon we'll wake up and see that Bitcoin will only be worth a fraction of its current value thanks to a Bitcoin run. It's very speculative right now and this anarchy is not great.
The government and especially the banks won't ever allow this too happen. Do you know what would happen if all people who own Bitcoins right now would sell their coins for cash? The whole financial system
would collapse or a lot of ya'll won't ever see any money ever. If you think the banks will be waiting to pay everyone out then I'm sorry bro, that ain't gonna happen. That's the big point. Governing a Bitcoin system
is great. Right now there's no one to blame and it's human nature to find someone to blame for. At least I want to point my finger at someone if something goes wrong. That's the point so I strongly believe a Bitcoin association would be the most logical way and if the majority of owners do not believe in some form of "governing" then I'm afraid a lot of people will never buy the coin and it won't be long before that bubble collapses.

Isnt the Bitcoin Foundation the perfect association for the kind of thing mrjuice is trying to say? It was formed to support education, adoption and community enrichment and growth.

If theres an organization that should reply against the stupid statements made by stupid bankers it should the the BF.

A good reply to them would be, whos the fraud and who was bailed out by the government? Bitcoin or the banks?

no we do not need that.
you are trying to centralize bitcoin and you don't even know it yourself.
a decentralized thing does not need a "face" and even if it had, it wouldn't have mattered! people say what they want, attack bitcoin the same way they like. and those who understand it ignore the shit they say. let them waste their breath.

Good!
because we don't want people who don't understand bitcoin to "invest in it". these types of people are only listening to what random idiots on the internet say and act on it. and those random "idiots" will use this to make money out of them.

you think it is random that negative news only comes out when there is a dip?

sorry to be blunt but here is the Door (https://bitcointalk.org/index.php?action=logout)

All of what you are expressing goes against what bitcoin stands for, this is going to sound harsh but bitcoin is not going to change just because you do not like it, so take it or leave it, keep your fiat because that is exactly the way it works, bitcoin is something different and it is going to remain like that.

Nonsense. Someone invented Bitcoin so where is this person? Why all the mystery? Why being anonymous? Serious grown up people will think this is a speculative bubble kept up by major Bitcoin holders
who are planning to cash out on their Bitcoin as soon as they see there's no other way out. It's growing too fast and the world is not ready for this. You can claim all you want, the price goes up very fast and down very fast which is considered a high-risk investment. I can't believe that you guys are so blind to this. No grandma in the world will ever use this if there is no professional organization. Government is great. Banks are great. There is no better alternative. Anarchy is not the solution. Bitcoin could be a nice way as a digital currency next to the banks but I will never kiss cash money goodbye for some digital nonsense. I want to be able to control my money. At least the bank have offices. Bitcoin will never have offices, never have headquarters, never anything like it if there is no organization. How do you want people to get informed when there is only the internet? What kind of digital freakshow is that? Untrustworthy as hell! Look at the price going down. I believe it will go down to 5 USD very soon. Good luck believing in your bubble!

Educated, mathermatically-minded, Serious grown up people around the world have steadily invested and increased said investments to the tune of over $66 Billion USD equivelent as they see store of value.

Bitcoin is not anonymous, and has no mystery - it is a open blockchain with EVERYTHING RECORDED in an honest open, secured ledger.
Criminals use cash and private shell companies to expense invoices using Big Bank Swift network for wires - most world crime happens via fiat using traditional banks. Sometimes small crimes are committed by complete idiots out in the open to be tracked and found easily via bitcoin. More criminals can be caught if they use bitcoin more instead of cash.


A globally scarce financial asset is above $66Billion and still considered tiny and newly emerging.

I think the idea is good, but placing power in one place isn't very good and will drag Bitcoin down, unfortunately.

The idea of Blockchain and Bitcoin is to place more power and more control in the hands of the users - the people.

Its up to the community and its users to make this happen, not the founders or the creators.

If you want an association, formality, or legalize bitcoin, why don't you suggest us to make bitcoin no longer as a crypto currency but as a fiat currency? such as dollar, yuan, yen, ruble, etc? :D No, we don't need that ::)

I had the same thoughts while I was reading the OP - that creating an association would defeat the purpose of Bitcoin's decentralization. Some people have invested and used Bitcoin precisely for this reason, because it is decentralized. The creation of an association allow a group of individuals to control and regulate Bitcoin. Bitcoin's "mysteriousness" is a reason why some people choose to buy it. I don't think it needs a "positive association" for it to attract more users and investors, but the different characteristics it has simply makes it worth investing.

Maybe you're looking at wrong place because I've been seeing publications that are both good and bad - in fact, Bitcoin's popularity has been continually increasing.

Nice idea: Centralize a decentralized system.
 :D

I would think that the Bitcoin Foundation already exists for this purpose, to educate the public and advocate for policies that advance Bitcoin and the technologies behind it.

I don't think that that group, or any group, should "control" Bitcoin or be a single point of "blame" (or credit, for that matter) as you suggest.  The decentralized nature of Bitcoin IS its strength.  Some may find that unsettling, that's for sure.  But that's exactly why it has such power.  That's really what is unsettling to them -- the redistribution of power.

The ultimate disruptive paradigm.
No central point of control.
No central point of failure.
No central point of success.
No effective way to "stop" it.
Consensus based "governance" built into the software.  In effect, miners signaling BIP activation could be compared to votes on the Fed.

I'm sure when paper money was invented, as IOUs on gold that were placed on deposit (if I recall my monetary history correctly), that was unsettling for some people too.

People don't have to transact Bitcoin if they don't want to.  There are many lesser alternatives, lol.

You made a very vivid point. If bitcoin is been caged on centralized, then I believe it wont be spread evenly. We will have a situation where a group of powerful people will store almost half of the world bitcoin. So I say decentralization is perfect...

Bitcoin should never practice that and if you would like to have some form of foundation or organization actively promoting bitcoin than you can buy bitcoin cash which is backed by few billionaires or ethereum, vitalik still hold larger portion of ETH in the name of Ethereum foundation and they can hard fork the network whenever they like. Similar practice can't do good to bitcoin...

Dude if you think that your ideas are so much better then fork bitcoin with all the characteristics you like and see if the market agrees with you, if your product is so much better then people are going to use it, but I’m going to tell you almost no one that understands bitcoin is going to use your centralized bitcoin clone.

Jamie Dimon's comments give Bitcoin credibility. A year ago (hell 6 months ago) this guy would never have made a comment on Bitcoin. Bitcoin wasn't relevant. It wasn't worth his time. Now he's trying to divert the attention of the masses back to stocks. It's fun to watch.

China is not irrelevant but still bitcoin recovered quite quickly too, that is just the way the bitcoin market moves, some other market will move very slowly and will crash for weeks and months and will take a lot of time to recover but that is not the case with bitcoin.

Having no central body to publish statements might seem to be a drawback for bitcoin progress,but bitcoin is a decentralized currency and it has survived these much days mainly due to its decentralized nature.Already we saw,some miners didn't agree for segwit activation for a ong time and it became a serious issue.So,if there is an association formed with a group of people authorised to publish officially about bitcoin,then it would create unwanted issues.They might try to impose their own ideas about bitcoin for their own profits.Just what we have to do is to be aware about happenings in the bitcoin world and not to become victims of FUD.

So do you think that it is better having a face of bitcoin?

Have you ever understand the word bitcoin?

Nobody owns bitcoin.

So, if ever it falls down or goes up nobody should be blame and be interviewed.

Frauds are just, nonsense talk about, because they don't have enough knowledge.

Therefore, frauds poster just want to have a new topic to be tackled about.

Which is also good. For question and answering.

It is reality that bitcoin is popular across the world due to his nature of decentralization and due to this feature people like it very much and believe in it. I think bitcoin doesn’t need any association because it is safe and can fight against speculations and propaganda. I think decentralization feature of bitcoin is enough for enemies of bitcoin because due to this feature no one country or person can approach bitcoin’s system.

This is what I suspected to be happening in the future but not this soon. I don't like the idea, actually I hate it but sooner or later an association is going to take place and then everything will be as good as over. I don't want to become a part of a centralized digital economy system and I wish it never happens. All the issues can be resolved without an association also.

I agree to this. In fact this would be a good chance to gather Bitcoin investors or users personally and discuss Bitcoin in a formal manner. It will be an avenue for.l everyone to learn better about Bitcoin and be able to share knowledge to others. Although we already have forums like this, an association that meets in a gathering will also bring connection to people and members will be able to build their network as well.

As Op mentioned an association will help overcome issues as well reveal statements when someone tries to evade giving false information. Same time if such an authority is created, automatically the control goes into their hands. For this reason it's good to have it same as the present to function independently.

Bitcoin model is completely new so we do not know the limitations that it has especially since the community is still small compared to what we think we may reach however I agree with you this seems to be a limitation of bitcoin but unfortunately it does not seem that this is something that bitcoin can be improved upon.

It's not necessary to have an association, I understand the desire to have a uniform response or public relation of some sort but the community should be free of being funneled into one form of thought process. The community we have now is strong and resilient as it is so we just need to wait the storm clears and improve and develop Bitcoin further.

I thought my smiley was showing the ironical intend, but it obv. didn't.

well for me we will just needed to go with the flow, things like this isn't needed as long as you now how to take the risk no one force us to invest so with
current issue raise up we alone should take care of our actions and associations with same thoughts about the problem should or can be consider but
either way its still our own decision to make.

Yeah the newness of bitcoin has hided some important or maybe satisfactory components. I am against this association making because if this happens, people will becoming holders of this bitcoins formations and regulations.

And that is, you all know, against the natural behavior of bitcoins. So no need to form an association. It will cause bad effect at the end of the day.

I’m against this as well, decentralization is what has allowed bitcoin to survive this long if there is a centralization of the speech of bitcoin then it is going to become very easy to use censorship against it, so I like the fact that every single person in bitcoin has their own voice since that means that it is impossible to censor all of us.

I think forming a bitcoin association is a good idea, but we need to consider its existence, whether it will have more or less of a positive impact. in my own country there is a bitcoin association community set up for the purpose of ensuring a positive development for Bitcoin and Blockchain Technology here, in line with government rules in my country. this group was formed to discuss, promote, and protect the common interests related to the development of Bitcoin and cryptocurrency here.

This is what happens, when idiots form a Bitcoin Association:

https://twitter.com/_jonasschnelli_/status/915592927853686789

I don't think we need this kind of "association" , the bitcoin community is the association that will handle these kind of "BAD" news and don't you agree that with these FUD inducing articles a lot of WEAK HAND / WEAK HOLDERS are no longer in the bitcoin community? . As for me it is basic that you know what is a legit FUD article or news, and you must know the status of community rearding bitcoin before believing on this kind of news, one way to create more holders weak or not is advertisement and also word of mouth would also help to advertise Bitcoin.

Your original post say that you want Bitcoin to have a face. This post says you basically want a governing body. They're completely different.

First, what would having a face for Bitcoins do? Whoever that would be, or no matter what group you form for that purpose, they will have no powers over Bitcoins and its holders. Are you saying you want a statement to come from someone with absolutely no control over the situation whenever things are looking gloomy? That's going to be what it is. You might as well ask a random person on this forum, and they'd be able to do the exact same thing your association would: nothing.

Bitcoin is designed in such a way that it's decentralized. This literally means no entity can control it in its entirety, and there's nothing you can do about it. Believe it or not, you have more control over your Bitcoins than you do with your fiat. You're literally responsible for everything you do, and you don't even need a third party entity to hold it for you. The drawback, of course, is that if you mess up, then there would be no one to clean up after you.

If you don't like the way it currently is, then by all means, you are more than welcome to take a look at the myriad of available altcoin options.

Correct, bitcoin is not something for those that just want to buy something and get some profits you need to actually inform yourself about the topics and why something is happening, people want an association they can follow but this runs contrary to bitcoin ideals.

Yes, We will not be needing any association for it may take our freedom.

Actually, now all the bad things are over to Bitcoin's head so it changed the face of Bitcoin in the eyes of the users, they are prejudiced against Bitcoin, they dare not invest in it, simply because It's scandalous and too virtual. In addition, the bank has always said that Bitcoin is a fraud and money laundering or money laundering, they do not want to receive it, they always silently follow up and wait for the opportunity to destroy Bitcoin

Yes I strongly agree with your argument that bitcoin does not require association No formalities No government agency. There is no central control. Everything will go against the basic tenets of Bitcoin. Because if bitcoin has association and formality with government, it will destroy the bitcoin ideology, there will be no more anonymous, privacy, decentralized.

I have found a business that every urgent need ends in a bad decision. If you take the word urgent out then you might have more success. I'm not talking about the way the people she thinks you're on the 405 talking about the way you see what you need to get done.
 

The more haste that you put on something the worse the outcome is going to be. You need to take your time especially with the most important decisions and make sure that you're putting enough time and effort into finding right solution or you're going to find yourself, with the wrong solution