Bitcoin Forum

Right now everyone is excited about the cryptocurrencies thinking that it will be the future, and surely they are right, but what kind of future?

It is not a secret for those who want to realize that the control of the world is centralized in powerful and influential families that can control the economy of even a continent, and with capitalism, controlling the economy you can control any sector.

What if, with the globalization of cryptocurrencies, they obtained the key they need to solidify their centralized control over the world? And if in reality someone knew how to hack the blockchain?

And that we were all wrong, thinking that we are decentralizing the economy, when in reality we are contributing to the creation of what could be the perdition of our liberty.

(I used google translate since I do not fully master English ;) )

The blockchain is protected by cryptography, and if someone had a good way of breaking Bitcoin's encryption, they wouldn't need to wait until Bitcoin takes over the world; the world is already digital and encryption is used to protect data everywhere. What they have could theoretically be used to break into any system.

This concern has already been raised with the eventual arrival of quantum computers, and really all we can do is strengthen the cryptography to make it quantum proof.


Lol kudos to Google Translate. I wouldn't have known if you hadn't said so.

But for now you do not have that agility and anonymity to manipulate the markets with the same efficiency as would be done through cryptocurrencies, after all a physical connection is much slower and clumsier than a digital connection in the global network where everything is connected.

It is not the same to transmit a disease among people who have no contact than among people who breathe the same air. The centralization of something(Like the use of a single cryptocurrency like Bitcoin) facilitates control. ::)

It will still be up to the people anyway if they will let themselves be controlled via cryptocurrency's or not. Either way, I don't think that this would help elites to gain total control to centralize the world unless someone have known a way to hack blockchain which is impossible at the moment. If that is the case then the question is why are they not starting to hack it now while it is still early?

Because like in a poker game, you do not discover your cards until the end, my friend ... ;)

Wait, I don't understand. Why would you need a physical connection? Everything is already connected digitally by the internet. Cracking the blockchain should be no different than cracking any other system because they're both going to be done through the internet.


Everyone already uses banking systems though, so why not simply hack into those if you're capable anyway?

Yeah, the Google Translate is throwing me off now. It's like talking with a thesaurus lol.

crypto currencies are the future or at least blockchain technologies.
now they will also be used as a means of control but of course I am
talking about the government created type of blockchain technologies
and crypto currencies.

Fortunately for everyone who is serious enough about Bitcoin and its
partners it just happens to be DE-centralised and as a bonus
UNREGULATED!

as much as they try yo regulate it it cannot be done.
Peer-to-peer trading with unregulated payments will live on beside
the regulated ones.

You sound like a conspiracy theorist with all those what ifs. Maybe ask yourself how can anyone or any entity control the world by just owning or hacking a blockchain?

Woah said it is in the future Bitcoin cannot last long for maybe about 20 years or more well bitcoin will still be fully functional what i meant was it maybe has no value and it has been banned for everything and Banks doesn'ylt let you convert to BTC. Well atleast we can earn as much as we want we'll just need to work hard and keep learning and earning.

If cryptocurrency will function the same in the future both investments and currency but more into currency, then it will likely to be the future of money whether it is bitcoin or any other coins that will surpass it, it is clearly evident that the currency is going into that direction of innovation.

In order to hack a distributed type of system they need to have the majority of the computing power which is impossible right now if we are talking about reputable coins in the market even quantum computing is not a threat for cryptocurrency because this type of computer is still under development and some blockchain developers implemented quantum-resistant cryptographic systems in response to this type of computing, so there will be no threat? I can't say that there is no threat, client-side and software side can still be hacked.

It depends who win... Just think about, with real money was the same situation. Now same with coins. People play game for control, who win, will write rules.

Easy man) It integrated so fast, soon all world will be controlled by blockchain and who control blockchain can change all he want in socium. Dont need to be conspiracy theorist to understand that.

This is very much true to the extent that in many nations, dominant families have retained and excised power based on hierarchy while being centralized in terms of functioning. A decentralized digital currency like Bitcoin could disrupt the economy of the entire nation with no power left behind to the ruling party/family as the common folk begin to possess control.


 
Hacking the blockchain wouldn't be mathematically possible as it would require more power than what all the Google servers in the world could deliver. Given that there's enough time, we'd already be millions of blocks ahead already and it wouldn't matter at all, so the 'hack' theory is pretty much ruled out.

Cryptocurrencies have value as long as people believe in them.

"Wouldn't be mathematically possible" It is not possible according to your level of knowledge (ours, that of ordinary people who do not have access to privileged information), so the fact that there is not enough power should not be an argument with perspective in the future, it is obvious that many technologies leading are not in public domain.

We should be guided by common sense and not by what is said in the SMI  ;)

That’s not easy move pal. I mean when such big change will occur into the blockchain getting converted into the centralised authorities then I’m sure that they will increase the protection of the same. If you could think of this issue at this very moment then imagine how many big developers would be there to implement the whole new level of protection before anyone could even think of that.

Also, I don’t easily agree that anyone might be as smart as Satoshi and alias to think about the blockchain blue print. They won’t be able to hack it surely.

Scaring or not, I'm pretty sure that this is exactly what will happen: today, corporations have more power than the majority of countries, so it's very probable they will have their own coin.
In the next future, on forex you will trade Facebookcoin against Googlecoin or Amazoncoin.
Instead, a single currency for the whole world is very unlikely, for a lot or reasons.

For now Google and Facebook keep all our personal information, more than we think. And although monopolies are forbidden, they already have the power to manage markets, and with them the world.

It is not a tool created to control the world. It was designed to help people who want to pay for anything without using cash. It is a standard trading block when people in the world can use it as a general payout.

I'll contend: no to your question of whether decentralization is a secret plot to influence society into abandoning rights and freedoms.   :)  And: no crypto currencies will not solidify centralized control over the world.

A New World Order consisting of a one world government being "ideal". The concept of one world currencies being "superior". The idea of state based rights needing to be abolished in order to bring about innovation and progress. All of the major plots aimed at depriving people of rights and freedom are heavily centralized in origin.

Decentralization as presented by crypto merely illustrates a flipside perspective many would not normally come into contact with. It challenges a concept of one world government and other "official" stances. Breeding that type of skepticism and open debate by posing questions on topics which are neglected within mainstream society should be classified as an impetus of progress and change.

I think open dialogue and discussion on centralization versus decentralization may be one of the most pivotal and controversial topics we'll see in our day and age. There's nothing negative which can come from the idea of decentralization. All we can have is more information and knowledge being distributed perhaps where it is needed the most.

Anything in today world is moving so fast that it's impossible to make any real prediction.
Of course, may be we are moving toward a new world order, mastered by Illuminati/Reptilians/Rotschild/Bildenberg or something so (choose your preferred conspiracy theory), but bitcoin is the exact contrary of centralization.
To control bitcoin you need to control at least 51% of the blockchain, and this is something beyond the possibility of every actual power.
But, who knows? We'll see.

This is just theory. As someone already stated, Facebook, Google and other own all our data and metadata, so they have an unlimited power to influence the market.
This is not conspiracy, this is a fact.
For the moment they use their power just for commercial purposes, but in any moment they can switch on the political control.
We'll see, the danger is more real than we think.

It's a fact that we are going to a complete control over population.
Theoretically bitcoin is a tool for freedom, but I predict that who is in power will find a way to control us.
For example, what if we'll be forced to make a tattoo with our Qrcode on an arm?
Or why not an underskin chip?
This is no sf, this is the next reality.

Same thoughts ran in my head when I first step into the crypto-currencies. Because digital world has always a way in, I doubt that time that there is a way to hack the blockchain. But through research I learned that there is no computer that can cracked it and no human can intervene in the system. They can hack services and platform but not the blockchain itself. You're going to learn that along the way. Also blockchain is digital and digital things improve through time. We still have a long journey to see it's full application and peak power in the field of finance.

I'm pretty sure that we are going toward a centralized control, but I don't think this will happen by controlling the actual cryptocurrency.
Probably, big company as facebook or google will create their own coin, a totally centralized one of course, and they'll claim that "this is a real crytpo, and a very safe one".
And people will believe them. We'll see.

Bitcoin uses the same cryptography that banks and military institutions use, so if someone could break bitcoin they could break the security systems of everything around the world, those with such power will need to be completely unified in their view in order to only attack bitcoin so we will need very focused and driven individuals for that to happen, while that is a possibility the question is why? Why would they go to all the trouble of doing this just to destroy it later?

Wrong perception, you need to learn about the blockchain first. Hacking entire decentralized network is simply impossible however attacking individual accounts can be possible but probability is still too low.
If you are referring the regulation of cryptos then it has nothing to do with the control of network, regulation is just to tax the cryptos and to legalize in the real world.

I don't think that cryptocurrency is a centralized tool to control  tue world. The only one centralized tool is bank, there is the capital gather. Bitcoin come with decentralization concept. The only one problem is bitcoin still has low liquidity, it's not spread evenly. I hope there is no one can break bitcoin encryption. Honestly I am sure that the wealth of world will be spread evenly if people use bitcoin, why? Today fiat is printed by governments and the value is decrease because of that. Currency that appropriate for us is gold only, but its hard to use, it will be better if bitcoin become the representation of gold.

By definition, cryptocurrencies are NOT centralized, so they can't be a tool to control the world.
But... only a small group of people can understand what is the difference between centralized and decentralized.
So, it's very possible that a government will create a coin saying that it's the real bitcoin, and normal people will believe it.

It's not true: the only way to control bitoicn is to control the blockchain, that is something too big even for a superpower as USA or China.
What it's very possible is that a big corp, as Facebook or Google will launch his own cryptocurrency saying that it's better than bitcoin, and - with theri manipulative power - people will believe them.
This will be the real world control.
Think about: Facebookcoin as the only cuurency accepted...
Scaring.

Will this controlling cryptocurrency what they means,become possible if this all digital system bussiness over the world have a chance  to become regulated and the world government can make a law to become centralized  the blockchain trade,or something they can make there own digital cryptocurrency to run as one monopoly in order to centralized the blockchain ,but all of this is blurrey and never been happen in crypto world  reality  ,because all this speculation is vice versa  the real happen of the cryptocurenncy investment ,its will growth rapidly and continue promoting social awareness to the people and community.

Well there is a possibility. But I do believe in the technology that it could provide control over human misbehavior. I'm sure block chain and cryptocurrency will provide us help to facilitate our needs much safer and much faster.

I believe you say it honestly from the heart a deep and what you say is true.

If likened.
We, like an electronic component are inside a television set, of different types of components, codes, and sizes, united into one arranged on a piece of PCB. When an electric current enters, everything will work together and produce something that can be seen (images on the screen). At that time we can all be turned off simultaneously by an object called remote control.

We = Electronic components,
PCB = Market,
Electric current = cryptocurrency,
Remot control = Which controls us,
Then who's driving the remote control? ...  ::)

Decentralized blockchain doesn't exist. They are all controled by a few people or at best a few groups of people.  If government wanted to control them it would be trivial to do so. Or if you happen to live in China, it is trivial to do so.

The historical ignorance of the claim that "all of the major plots aimed at depriving people of rights and freedom are heavily centralized in origin" is mindblowing. Without a strong central authority there wouldn't be any civilization at all. You can argue that we traded in some of our freedom for a lot of prosperity. But personally I don't find foraging for food in the forest whole day and then dying from a cold liberating.

Decentralization is not without negative sides. Most obvious is tragedy of the commons, without an authority to oversee a common good the shareholders will just use it up until destroyed. Less obvious are the threat of local decentralized area getting hijacked by a few people, productive inefficiency as centralized system employs economy of scale, growing wealth disparity between different regions and increased complications when organizing region or nationwide efforts.

If we are talking specifically about bitcoin, its design flaws have been discussed in much lenght here. Main problem is: when mining no longer creates new bitcoins an entity with a lot of money, say a central bank, can offer to mine transactions for free or to even subsidize users to use their service driving all other miners into bankrupcy. When they are the only miner they can choose not to process transactions of people they don't like effectively killing them as in 2140 everything will be on blockchain or similar ledger.