Bitcoin Forum

Most of you guys probably already know there is a private get together for the elite of the Bitcoin world i would like some opinions to what you think they are planning for when they return.

http://www.coindesk.com/bitcoin-elite-meet-secret-island-bilderberg-style-retreat/ (http://www.coindesk.com/bitcoin-elite-meet-secret-island-bilderberg-style-retreat/)

Will we expect a crash?

Will we get good news?

Bitcoin was meant to be decentralized and open this seems to be quite the opposite imo 

It has been called a "Brave New World", among other things. Perhaps Bitcoin wealth will be used to fund a "kinder, gentler" United Nations?   :o
Do you think 'Satoshi' made it to the island meetings?

This seems to alike to the Bilderburg group as the article states and i do not see any good to come from that, i am not a full on conspiracy theorist but i do not believe meetings behind closed doors to a select few can have any benefit to the wider community.

Maybe i am just paranoid but history shows nothing good comes from these style meetings as they are usually set up to take more control in a centralized way.

Had the same thought surely if he is still alive he must attend and save his baby, but do we believe he is even alive or cares? last log in 2010 if i remember right.

Aha the beautiful UN created after the wars to bring peace to the world in a centralized way, that has worked out wonders.

Doubt it will have negative effect on price, since we are allready down too much, but who knows, maybe there will be yet another dip before
we start going up again.
Dont be mistaken, bitcoin is decentralised, and theese kind of elites will disappear with time as bitcoin get more widespread.

cheers

Thank you for you're reply guys,

Should have pointed out i am not trying to be another oh no Bitcoin is dying just curious of widespread opinions, i love BTC and genuinely a little worried that 50 or whatever suits can call it's future while doing god knows what to each other  ::)

If there is another dip i bet many of us will be buying all the way down so it will have enough support to stay above 180-200 not really a biggie.

The fact it is decentralized is why i am so into it and i am sure was why Satoshi created it, (What a legend) Where are you Satoshi come back ffs these people are trying to kidnap your baby.

Do we believe they will really disappear or just wishful thinking?

I hope they find the shadows and leave something great, well great.

Cheers

B

"Old-School Cypherpunk" Vinay Gupta seems to think the bitcoin foundation is not such a good thing. see near the end of this article---> https://bitcoinmagazine.com/18000/bitcoin-is-teaching-realism-to-libertarians-an-interview-with-old-school-cypherpunk-vinay-gupta/ (https://bitcoinmagazine.com/18000/bitcoin-is-teaching-realism-to-libertarians-an-interview-with-old-school-cypherpunk-vinay-gupta/)
"And then you have the Bitcoin Foundation, which is emerging naturally from the Bitcoin environment simply because it has established an economically efficient configuration. By paying the technical priesthood of Bitcoin known as the Core developers, the Foundation has created a huge amount of centralized power within a system that didn’t really start with any, which has now effectively turned it into a natural monopoly. And once you have a monopoly, it looks like a state. No wonder that the Bitcoin Foundation looks so frightening."

He goes on to suggest that we, any of us, could start another Bitcoin Foundation, or several. There's nothing stopping you.

conspiracy theories about this??

Total world domination

It's not elite if I'm not attending :^)

Could anybody in here, just tell me, what is so bad about this meeting?
What outcome do you fear? What can this "elite"-group really do that will hurt Bitcoin so much?

Im not expecting anything to happen quick its more a team bulding exercise i reckon.  Overall its bullish for the big holders to communicate closely.

whales will still be whales .......
bitcoin will never be distributed equally or fairly amongst the 7 billion people on earth
just like every other wealth or resource on the planet ,top 1% will control most of it

the whales  with 500k btc arent going to just disappear ,there will always be the welathy exchange owners,investment capitalists and such people who get a % of every trade so there will inevitably be a
huge ever widening gap between the rich and the poor

just the way the world goes around folks .........

I heard on a secret forum, they are going to pay the foundation to make bitcoins a proof of stake coin.

I AM JUST SAYING...

What do you guys think is going to happen? The protocol is going to change overnight LOL Whatever happens will not effect bitcoin in the least bit. Now if they were banks I be scared.

Maybe a conspiracy. Lets just hope its nothing to do with the price but the development of the platform.

they could pool their combined resources to swing the price any  which way they want and reap huge profits from the unpredictability they cause in the market  ,thats only one of the damaging things they could do

they could do quite a lot of damage  if they have the majority of the btc whales on board ,especially the exchange owners who can transact for free with other peoples coins ,they are the most dangerous IMO

What will happen? Absolutely nothing.


And it still is, but that doesn't mean groups of people can form their own boys club. Let them have their secret meetings. It doesn't matter.

They are probably discussing developing the infrastructure further. Its a meeting of smart people.  They are already making money with theiur existing ideas, and don't need a meeting just to make more.

detoxification

they could have had the meeting on skype if they wanted to ,just because the venue is a remote island doesnt make much differnce IMO

it may be to address important issues such as switching to the incoming hard fork and other things that need to be in sync

i would assume they all want to switch to the new fork at the same time to prevent transaction mixups  at the exchanges and all sorts of important  shit

Actually as someone that had the opportunity to go, but didn't act on it for my own views about some of the people there. I have to agree and disagree. I think they all wanted to go to a nice vacation spot, but I would have enjoyed just listening on skype more than flying to a remote island.

If you can't beat them, join them, if you can't join them, beat them, because they won't be expecting you to beat them, you will have the element of surprise  ;)

Wasn't it going to be streamed live online ?

Well if it is that would certainly put an end to all the omg it's a secret bilderburger Illuminati meeting. People really like to stoke up a fuss about nothing on here sometimes.

conspiracy theorists would still claim that there was a streamed meeting for the public and then they had a secret  private meeting as well lol

if theres really 60 people in attendance im sure some of the content will leak onto some podcast in the next few weeks .......

I think the point of the meeting was twofold:

1. Add more allure to the Bitcoin elite. I've met a few of the attendees. They are very smart individuals who really seem to believe in the promise of bitcoin. They know while we may never know who the true identity/identities of Satoshi Nakamoto, there can at least be a myth surrounding a group of self-proclaimed large bitcoin whales who are influential thoughtleaders on the market direction of bitcoin.

2. If anything, the trip was another way to network, unwind, and formulate a strategy to take bitcoin to the next level with regards to mainstream and capital market adoption.

Just what Bilderberg does after returning from their meeting!

I don't expect anything out of extraordinary to happen or took place during that meeting that is going to impact or change the bitcoin scenario. Probably just a casual face-to-face meetup to share how cool their bitcoin experience was.

I agree with the 'Old-School Cyberpunk' one main foundation is not a great thing.

The central control is terrible and not needed within Satoshis decentralized coin , like you say turning it into a kind of monopoly is not the way to go.

This is what can change it! 'WE' as a community can start another BIitcoin foundation or more, hopefully more.

I am going to read over the link again it was real late lastnight when i attempted it thanks for the information.

Thanks for your input,

This is why i created the thread i do not know what will happen when they return if anything, i was looking for opinions and i have got what i was looking for.

Maybe not overnight but the decision could be made over the next few days by just a few to benefit just a few.

We will check back in a few years see if this group has turned out like the bankers.


Have to agree however saddening it is.
This is pretty much all we can do is hope it's nothing to major which is to only benefit themselves.
Developments sound ideal  ;D

Cheers guys

And how do you expect to solve this?
Create a crypto currency that sends drones to spy on wealthy people that gather together?

There's nothing we can do. There will always be wealthy lucky fucks doing their snobish shit. At least with Bitcoin we know the protocol within itself cannot be altered. You cant say the same with fiat money.

Bitcoin has a horrible early distribution and this private club only makes it worse from an important PR standpoint.
Our new overlords discussed their urgent need for human sacrifices.  They have agreed on a plan they claim will be "provably fair".

the real ones, not these derps, do exactly that. we're to be rendered down for biodiesel unless we can code or suck cock well

BTC media will be taping things but I don't think there will be a live stream.

You mean the BitMessage secret forum or the one on that .bit web site?

All this conspiracy nonsense is just that, nonsense.  It is just some people who have similar interests and believe in the promise of the bitcoin technology.  People meeting, discussing business and improving their offerings is a good thing.  Nothing changes in the protocol, the people I saw who were attending on the list wouldn't abandon bitcoin and sell their coins (no matter how few or many they control).  At worst someone may get a good idea about a new product.  

And, btw, this so called "elite" moniker is just a ridiculous meme.  They just wanted to make it sound exclusive to entice people to come.  Since it is difficult to know who is behind what address/group of addresses, inviting so-called "whales" to meet on a nice island is a crapshoot.

I was just being funny with the secret forum LMAO and I agree the elite moniker is dumb.

Well they are elite tho.  They are the top of the richest addresses and have most of the Bitcoins... thats what i call elite.

I know - I was continuing it.  ;-) 

I don't think it will all be about getting more money for their parties.
 They would definitely be developing good in order to make that happen.

Any news on this one?

What was discussed there and what was the outcome?

Don't expect anything. They wanted a holiday on an island and that was all. If there was indeed any need to take a decision it could have easily been arranged over video conference.

First thing that came to my mind when I read the article lol

They were debating whether it is time to show their true reptilian form or remain in their rented human skins as they prepare to take over the world.


Exactly, but people like to invent conspiracy because it's more exciting than the boring but rational truth.


I don't think satoshi would care for such things as the Bitcoin Foundation, though I suppose it is possible he could have attended.

He was probably hiding in plain sight and no one knew.   ::)

ok 24 posts of people waffling about their own ida's of whats realy happening .. yet none seem to have actually looked around for possible and plausible things..

so ill just leave you with this..
http://letthebitdrop.com/

may it quash all the conspiracy theories, and start discussions on actual projects happening

Step 1 - Tank the price - This would allow then to buy it dirt cheap and since all the clueless will have given up and sold their stash.
Step 1b - They will be able to control the prices as they see fit since they would control most of it.
Step 2 - Bring the price to its true value since the money supply would be greatly controlled by a few.
Step 3 - Turn Bitcoin into any other FIAT.
Step 4 - Banks, media & government be praising Bitcoin.

I don't believe they will make Bitcoin PoS.

If I know who those "Bitcoin Elite" are, I'd have a better idea of what could come out of it.

Looks like we've got a conspiracy theorist here. Read franky1's post. Nothing of your wild conspiracy fantasy is going to go happen.

Edit. Just seen your other post. Confirmed:

Well... this maybe a conspiracy theory, but there could be some truth to it too. I for one, believe that the banks and cartels formed by these banks are responsible for keeping the bitcoin market so volatile. Banks will be the worst hit if bitcoin adoption takes off, hence they orchestrate the volatility that you see. Any normal person, even if they were thinking of getting into bitcoin, would shy away looking at the volatility. Again, centralization is not a great thing and is directly opposite to the vision that satoshi had when he started off bitcoin, a few people meeting up- however elite, still points to a possible plan to centralize bitcoin. Who knows, they could form their own cartel and play around as they are big whales with deep pockets.

WTH! i never knew
I thought it happened already
it shows the date to be 14th march ,2015 .
Wasn't it supposed to be on 10th jan ?

EDIT : i think the one OP is talking about is
https://bitcointalk.org/index.php?topic=934599.40