Bitcoin Forum

Bitcoin fans develop into a political force (https://www.wsj.com/articles/bitcoin-fans-are-suddenly-a-political-force-11629115380)




However, after Bitcoin's strong rebound broke through the $50,000 mark, the biggest risk facing the cryptocurrency market in the future is still regulatory issues.

If an organization composed of Bitcoin fans develops into a political force, I think that bringing new vitality and growth space to digital currency is also an important opportunity for the wider application of Bitcoin. I am looking forward to it. I even think this is a historic step. Imagine that if Bitcoin forum members (consensus) can form a community organization, will they be able to run for the president of the United States? If you want to be more exaggerated, a virtual sovereign state appears on the Internet. Just like in online games, you can even find a girlfriend, which feels amazing.

I think this idea is ironic. Bitcoin is decentralized, but you said that the forum should set up a centralized organization, or even a virtual country.

I'm still a bit confused on the part on how BTC and other decentralized projects are going to be regulated, I guess we have to wait and see what the future will bring, the only thing that regulations can work on are centralised projects and crypto exchanges, or am I wrong ?

Of what use would this be? Bitcoin forum is not a cult which wants to control the world or the US, members just want the freedom to be able to control their finances without interference from a third party. Being a member of the bitcoin community does not give you any political prowess.

Pretty correct, if your coins are in a non custodian address the government has no influence over it. However, a lot of people do not want to go through the stress of being their own bank and would rather just allow someone else to do that for them, this is where exchanges come in and the key route for the government to control one's assets.
Government agencies can regulate exchanges and by extension regulate the assets they hold.

I don't even know why the last one was included, it's a crypto-related job advertisement, not Bitcoin specifically.
Bitcoin isn't a cult, an organization with a clear-cut hierarchy, or whatnot, it's simply a community that advocates for the usage of Bitcoin. The community simply wants to use Bitcoin imo, and that's it. Fighting over political issues and whatnot? Why even? Could they even touch how people use the network if they really wanted to stay hidden? Centralized Exchanges are there for convenience, but if it disappears, it doesn't necessarily mean that Bitcoin would also disappear with it. And no, it doesn't feel amazing.

This risk will likely affect those who use crypto wrongly, or in centralized manner. Bitcoin has already provided a way to mitigate such risk for individuals,, organizations etc and that is by sticking strongly to its good Principles/rules.
If you decide to use it in other ways, then you should be worried about the future.
In regards to developing into political forces, I simply think the moral aspect and the principles are working more for Bitcoin than the political forces. If you take those away it can easily fall to superior forces no matter how brilliant the political forces are.

A truly democratic organization can never be centralized. Because centralized means only a limited number of people or entities taking all the decisions (federal government for example). What we are talking about is a decentralized lobbying group, which will be spread out across multiple countries. I will give you a recent example. In 2018, the financial secretary of India (Subhash Chandra Garg) came up with his stupid idea of jailing anyone having possession of cryptocurrency up to 10 years. The finance minister announced about implementing this plan in 2020, and the bill was listed in the parliament website in 2021. There was a huge campaign in social media campaigns such as Twitter against this bill, and finally the saner members of the government decided not to proceed with the bill in its present form.

I think you have a wrong idea on how Presidents gets into power.... but it is good if the public still believe that it is done through pure democratic votes. In any way, there are only 3+ million users on this forum from all over the world and many of them are Alt accounts and inactive accounts. https://prnt.sc/1qgy5k8

In the US there are about 328.2 million people and of those people ...approximately 240 million people were eligible to vote in the 2020 presidential election.... so we need about 237 million people to visit this forum and more than half of them to vote for our President.  ::)

Good luck with that...  :D

We certainly make noise when we want to. Sometimes however is the wrong kind of noise, as it is much more difficult to convince others if you declare yourself as a maximalist or a fan and simply deny that crypto or bitcoin may actually not be perfect or could be somehow made better.  My view is that we should always be discussing weaknesses, opportunities and improvements rather than chanting and praising. An open political debate is much better than pure propaganda and political influence.

Communities who communicate and discuss paths to accomplish shared goals, often come up with better and more affordable solutions than had they relied on governments or corporations to do the same job.

One example of this is the slew of locally run internet ISPs and cellphone services which are known to provide better service, speed and cost to consumers in contrast to big telcos or state sponsored ISPs.


Its really great to see people uncover the power to overcome obstacles that they never knew they possessed. I think this is perhaps one thing cryptocurrency demographics have to offer the world. We've seen the value of how a single idea can change the world.

Indeed, it can be a force to give a bigger push and spread this in all directions where Bitcoin offers the right economic solution at the right time as well.
It's just that after this, we are certainly more concerned with maintaining the good name of Bitcoin, for example contributing to education to the people around and telling them that Bitcoin is not as bad as the extreme government media talk about. We should be able to provide a more open understanding and explain why we should choose Bitcoin as a future financial asset.

It's not political force, it's just people holding hands together to fight for their rights. Bitcoin is just a binder of the long lost unity against the oligarchs. To be honest, I don't want bitcoin to be the driving force behind a political group because it shouldn't be the focus in the first place, there's more pressing issues other than that. If the community gets bigger, we will see a change in the political landscape because a lot of politicians will want some sort of favor in the community to gather votes.

Political power does not mean having to form parties and be affiliated under certain groups, isn't it in politics there are no friends or foes but for the sake of the interests of the group, by amendment political parties stand under the supervision of the government then what if a country whose government does not like Bitcoin.

Broadly speaking, this forum has become a political force, where we enthusiastically contribute both intellectually in the economic, social and political fields that are public. All point to Bitcoin's freedom to become a headless political force. We are the hands in charge of providing space for those who want to be financially independent in the future.

Maybe in terms of political integrity, we are more like individuals who represent what we want to achieve. As far as I am involved in politics, it all just depends on what policies are in line with the government, because if they are not in line, politics will bring you down as an unfriendly opposition to the government system.

I mentioned something to this effect in a couple of posts I made last month:


Bitcoiners do need some political power IMO.  If they did, I don't think the US infrastructure bill would have passed as is, with all of that cryptocurrency language in it.  I think there used to be some fairly powerful old-school bitcoiners that did have access to banks and politicians back in the early days (according to the book Digital Gold), but I'm not sure what the situation is now.  It also seems like governments were much more open-minded about crypto early on, and lately they're beginning to regulate it into something that it was never meant to be.  Sad.

It is very is to get them regulated if the government will it, there is nothing confusing about it, all they need to do is impose laws on all the sources to get btc and they will have the upper hand, and you know such laws can have great impact, that will cause people to panic, the government can if they really want to.

I do believe that there is a good chance we could potentially see bitcoin reach to levels where it is a political thing as well. I do not know which party will be the one against it and which one will be supporting it but I can see it happening. Like for example in USA, we could see republicans supporting it or against it, supporting because many of their donors like super wealthy people are investing into bitcoin and that is a thing for them to support, but against it because it is decentralized and against banking to begin with.

However if they pick one side, then democrats pick another side that means that we are going to see stuff that change so quickly and suddenly and it will be a reason for voting for some people.

So you start off the title of your topic by proclaiming a statement and then end your message by saying that an organization needs to be created. This seems very contradictory and just wishful thinking. It's a rather bizarre concept to think of anyone creating "political force" based solely around a currency. Do you think that Bitcoin is a currency? a commodity? a speculative asset? A political party needs more policies than just a single currency unit can provide, or what you're really after is a lobbying service, which would help prop up an asset that you have probably invested in? A lobbying angle is probably slowly being set up by investment banks and financial institutions who love to have another instrument to sell to clients while earning a fat commission.

There is nothing for us to do, we must let bitcoin do its thing and just support it by using it as we have done for years, nothing more is needed from us, I know that this sounds very passive for some people that want to go out there and somehow show that bitcoin has a lot of support but it is not needed, bitcoin is based on solid principles while fiat is not, bitcoin is winning this, now this may take a year, a decade or a century but eventually bitcoin will win and that is what matters.

Good luck forming a political force when there's some 50 million people worldwide. It will be a bigger failure than all those internet parties or piracy parties. Best you can hope is some Bitcoin lobbyism coming from big companies that now have a skin in the game. Even then it's a big question if they would be able to successfully resist all hostile regulations and how far they would be able to go in defending Bitcoin, or to be more precise their interests in Bitcoin, which are not always the same as community interests.

I don’t see the need for such a political force. Cryptocurrencies need to be self-sustainable and independent. It’s good that companies adopt Bitcoin, and let it go on like this for a while, let other companies and governments join as well.

A political force like the one you’ve described would mean centralized control. Eventually, it would be no better than any other country with fiat financial system. Also, how would such a community function? Who would be the leader? And what if the largest investors just gain all the power, opening the doors for corruption and control?

Thank you for your cognition. You said that I did not express a clear point. Rational political debate to promote the promotion and development of Bitcoin is very beneficial. Where there is society, there is society, and where there is society, there is politics. We can't choose to escape. Bitcoin is decentralized, but Bitcoin can't live in its own world. Bitcoin can't be disturbed by external social and political factors. So, come on, I will face you head-on. This news is very positive.

Forming a separate party never works, as seen from the case of the Pirate Party. There are billions of users in the world who uses torrents and other filesharing apps, but that doesn't mean that all of them would vote for a party which is solely based on filesharing rights. The same goes for cryptocurrency. There may be 40-50 million active users, but there is no guarantee that all of them will support a political party. As you said, the best thing to do is to form a lobbying group and stay away from direct involvement in politics.

I accept your point of view. Every Bitcoin supporter has his own worldview and values, and has a different way of thinking. One important point is that each of us lives in a political environment because we Unable to leave the country. Each of us has political influence in our hearts. However, perhaps a brand new Bitcoin organization can be realized through the network

Agree, a political force with such a spontaneous foundation and without a leader for leadership, as long as one piece of the puzzle is separated from the original picture, such a whole political force will fall, perhaps a few bitcoin fans misrepresented this force and pushed these fans into what seems to be an anti-government movement. Do not support such forces appear, once the government sees a political group wants to threaten them, they will surely suppress with force and the harshest commitments.

Not only that, political parties are based on ideologies on how the world should be, and while bitcoin may have been born out of a particular set of of ideals as well it cannot be more pragmatic than what it is, and if to this we add that the majority of the people that have joined this market during the last years know nothing about that ideology and will never care about it then it is a waste of time to try to do something like this.

Crypto enthusiasts with political leanings or friends in high places can certainly help, though I'm not sure whether establishing a political party based on cryptocurrencies is necessary. Centralized control is what bitcoin and crypto were supposed to combat, and having a political party based off crypto joining the fray doesn't sound right. We can have lobbyists, politicians, lawmakers, and big names as crypto enthusiasts, and I think the power they wield is enough for our voices to be heard in the political stage.

The question is whether we need a centralized organization for doing this work. As seen from the example from India, Bitcoin users have been able to exert pressure on the government even without a formal association. And in case we go for organized activism, then there will be backlash from the opposing sectors as well. I would prefer the current status quo, at least until Bitcoin becomes more popular. And organized activism is not necessary to influence politics. Look at what happened to El Salvador. Bitcoin was declared as the legal tender without any organized activity.

It's hilarious to see all these bitcoin fanatics hyping bitcoin as the antithesis of centralized payment processors, and the PayPal killer, and then subsequently cheering PayPal's adoption of crypto because it pushes the price higher.  At the end of the day, relatively few people care about the tech.  They just care about the gains, and they don't really care why it happens, as demonstrated perfectly here.

Unfortunately, there is currently no political party in my country that is focused on crypto currency. The election is coming up next month, and I'm not sure which party to vote for. They're all rather similar, making it difficult to select between them if you don't like any of them. I wish there was a progressive political party with a strong focus on technology and cryptocurrency.

Is there any idea about the demographic of this forum, no idea about how many users are active in this forum from the United States, even if you want someone from the cryptocurrency space to run for the president, how many votes do you think he will be able to get  ;D. There are more people that comes to vote during an election than the entire cryptocurrency universe. In the future we might see but not anytime soon.

Nope, not a good idea, sorry. First of all read why Satoshi Nakamoto developed bitcoin – it’s a decentralized currency. So, if it’s a decentralized currency, then what’s the need of the same community to form a centralized organization? That means we’re creating a target for the government. It’s best as it is, we have been able to grow like this and we have reached this level we are now without having any centralized organizations or anyone controlling the community, not even Satoshi himself, do why are we going to be needing that now? I understand you, but it’s still not necessary.

This is 100% correct, governments are going to attack every single centralized entity that has anything to do with the market of cryptocurrencies and we know this is true because this is something that we have been seeing for a very long time, we have seen exchanges, miners and every single business that deals with cryptocurrencies been attacked by governments, if a political party was created out of this then it is obvious that it will be attacked immediately, so it is better to let things as they are and do not bother to do something like this.

Bitcoin should show its attitude in the political world. No matter what objective attributes Bitcoin has, there is one thing that cannot be avoided. That is, Bitcoin has social attributes, whether it is a tool or other functions. The existence of social attributes tells us that he is inseparable from politics, so it is better to face it head-on.

What about the reverse case happening? Rather than Bitcoin "fans" organizing in to a political force, what about some of the established politicians adopting Bitcoin and doing the lobbying on it's behalf? This scenario looks more palatable for me, because we are leaving power at the hands of people who have enough experience. One of the reasons why the Pirate Party failed was that their elected officials failed to do their duties, due to lack of experience. And we had a few politicians such as Nayib Bukele of El Salvador supporting Bitcoin.

It is not hard to notice that there has indeed developed a sort of a cultish mindset among Bitcoin supporters which seem to hail Bitcoin as some kind of a silver bullet that gives solutions to all social, political, and economic ills of the society. I couldn't help but notice that other people seem to treat Bitcoin as infallible, that people couldn't go wrong with Bitcoin, and so on. I am a strong fan of Bitcoin but I wouldn't go as far as hoping that a certain cohesive Bitcoin group would end up as a political party or even a religion. That's crossing the line.

If everyone supports it, it means that this is good news. It can promote the development of Bitcoin.
But we don’t know whether they completely trust and believe in Bitcoin. If there is no conflict of interest, Bitcoin will always be supported.

The opportunity to use BTC in politics does exist but this is only a form of resistance and the existence of groups who hate the centralized system and admire the innovation it has.  It is economically difficult to penetrate because each country fortifies itself for fear that it will no longer be a regulator.  This is something the king should pay attention to.

Thankfully my nation does not see crypto as a bad thing, no party sees it as a bad thing, and that is a big big help for me. I mean it gives us the chance to build a bunch of crypto related companies and have a lot of miners and exchanges and many other thing and you do not pay too much taxes neither, you pay income tax from it but that's about it, so if you have 1k dollars and invest and make 1k more on top of that, instead of your 2k, you pay income tax from that 1k alone and that is 150 bucks, so you still are in big profit.

I still dislike certain parties and all but that is for a whole another reason, there is nothing wrong with any party in my nation when it comes to crypto and they all support it because it means more taxes for the government and they love it.

There is no need for some kind of organization or political force to take in charge, we don't need a central force that is gonna say what do we want and not want, because it can't represent the majority of the bitcoin users, because bitcoin is decentralized and that is the it should be, because one you have someone who represents it it turns to fiat that is represented by the government. and that is why bitcoin is free and should stay that way.

The problem with politics is that it makes people close-minded. People belonging to a certain political group would think others are either with them or against them. Politicians would tend to stick to their party or group's stand however foolish it may be, and the other party's stand would always be wrong no matter what. There's no more objectivity in dealing with issues. Having said this, I think Bitcoin would only fall into the gutter if the community forms into a political group of some kind.

There are groups trying to become a party, Look at Elon.

You don't need a political party anymore because there are already politicians supporting Bitcoin. You can see how they are protecting our privacy when a bill is supposedly passed to the senate, it was objected to by some senators. When countries like are now considering Bitcoin to be legal tender, it's already winning.

The opportunity is there but I do not think it is necessary to create a political party as it is a centralized point of failure, it is better to let institutional investors take the lead on this as they are the ones that have the contacts with powerful politicians already that can alter any laws that could be too strict with bitcoin and instead make them into something that is not as bad as it could be if politicians were left to their own devises, so bitcoin in politics will be a thing just not in the way we may think.

We do not need an organization or institution for Bitcoin lovers, we need to spread the culture of Bitcoin in society more, we need to be aware of the importance of Bitcoin and its important role in the technical age in which we live, there is a risk that this organization will turn into a new central authority that controls Bitcoin and eliminates The goal for which bitcoin was created, governments will sooner or later realize the importance of bitcoin and will be forced to accept bitcoin or at least set regulations.

Indeed.

I think that people are finally starting to realise the fragility of the fiat ecosystem and unreservedly jumping ship to bitcoin, which is definitely great news.

However, there is still ways to go before we can safely say that there has been mass adoption for bitcoin. Institutions have still a lot of progress to make when it comes to adopting bitcoin into their product models, and we're only seeing starting to see that now with Twitter and others integrating BTC as a payment option.

Besides this kind of thinking goes against the principles of bitcoin, this is a kind of top to bottom view in which a few powerful individuals take decisions that affect the rest and this can easily mean that they are going to try to change the law and even bitcoin against the wishes and desires of the rest of the users, we need a bottom to top view in which the majority are the ones that decide what is to be done, which is by the way the way bitcoin has been surviving and thriving until now.