Bitcoin Forum

I'm a cryptocurrency fan and I use it almost weekly. I don't hodl and when the opportunity arises I use it,
however I want to ask one question on this most "extremist" (in good sense of the word) cryptocurrency
forum with the risk of getting hate


One of the biggest and most "worshipped" claims in the crypto world is that "banks print money out of air"
and a poor monetary policy can result in the fall of the currency.
Bitcoin maintains supply based on mathematics so "crypto is king".

Since banks can print money out of air and transfer that wealth created out of air to crypto therefore partially
corrupting the system, why do you still believe in crypto?

What if we replace the bank change the elites and the government with a revolution of power where we can become free at last. Think of a world where we don't need money to live, a utopia where humans are free to travel the space of another world, and discover why we existed in the first place. Think of this and you will never worry about money anymore. Money is just an illusion to control the crowds and make us less advance, we are like a plaything to them that needs to be free from the shackles of over control. :-\

Of course, we have to work on trusting crypto and have nothing to do with the bank The market controls the use of cryptocurrency  Banks do not accept cryptocurrency. They pay directly and are in government control This is why working in crypto has to change your mind about positive thinking.

Well, this is one of the reasons we need properly decentralized crypto to monitor, check and balance the governments to prevent them from printing money lawlessly.
So, you don't blame decentralized crypto too much for this.

I think a day will come when it would be considered unsafe or risky to mix properly decentralized crypto with the centralized world/crypto. Before you mix with them, they will have to prove that their centralized stuff is fraud proof and secure. I believe some will have no option than to decentralize in order to mix with the real thing.

 I think this ^ is one of the most reasonablle thing to do if you want a decentralized crypto to remain safe

Well, I believe for something that can help me to get a better life. I belief fiat money, and I also belief crypto. And now, while I work in the crypto world, I believe that crypto can be my way to change my life better than before because I already got something for my life, and that is means for me. I will want to work in the crypto because I believe that if something is available on the internet, that means, we have so many potential ways to make money, and that is what I did so far.

But it is up to people why they believe in crypto because we may have a different reason why we still try in the crypto world.

As you said, utopia. Your anarchism of replacing everyone is funny lol  ;D

The problem is that there is no guarantee that this will not change and evolve in the future. As I said, poor monetary management
can result in bad things happening. Think about Venezuela where the monetary policy got out of control



Sounds like a solution however I believe this won't be implemented (ever) because it destroys the overall "user experience" and make
it more difficult "to join the system".

I understand the conflict of the statement and that's why you have that mindset. Cash gave crypto life and based its monetary value to US dollar.

But I still believe crypto because it is the people that declared the value of it. The decision of everyone to use those money that they have to transfer the wealth to crypto thus, we have made how valuable it is.

Governments declare the value of cash and then we declare the value of bitcoin.

An apple is not corrupted when a corrupt person buys it.

Are we the "followers"?  ???
Theoretically speaking, with the stupid covid19 we've seen value of USD going down & also value of
crypto following the same pattern. There are also many more factors involved in the price fluctuation and
there is so much pressure on crypto "to gain value" so I would totally understand the reasons.



So deep and philosophic, straight into the feelings.

How I see it is that what you said is valid as long as that person does not buy many apples and continues trading them.
In other words, if he doesn't corrupt the "apple chain" then yes, your apple won't be corrupt.

Bitcoin is amoral, i.e. it has no will and it is independent of the people that use it, so it cannot be judged as good or evil any more than a rock. While corrupted people may use Bitcoin, the system itself remains uncorrupted.

On the other hand, you may consider the users of Bitcoin to be part of the system and its corruption comes from the corruption embodied by its users. If that is the case, then your position is a tautology and moot -- If Bitcoin consists of corrupted users then it must have corruption because that is your premise.

Perhaps we are arguing over semantics. I believe your question in the most abstract sense may be this: Under what circumstances would you be willing to participate in a system together with people that you consider immoral?

Yes, that's understandable.

The affection of crypto to go down truly because of the covid19. People were forced to withdraw and sell what's on their stash to provide themselves food.

You identify yourself whether you are a follower or not.