There is no problem because human society will always operate on trust and server/client relationship. You can't turn everything into a decentralized network and doing so is often counterproductive. Bitcoin works by having every node store all transactions ever made, so its capacity is very limited. Torrenting networks suffer from the problem where rarely-accessed files can't be downloaded until someone who has them decides to seed them. Point is, decentralized is not automatically better.

The idea that everything should be decentralized is just a hype created by crypto bros who sell shitcoins and "blockchain technology".

This happens on every internet forum out there, but usually the moderators are quick to remove such posts and direct the creator to FAQ or the answer to their post. But sadly on this forum this is a rarity and repetitive posts with very common questions tend to just float here and contribute to the reduction of quality of certain boards, like Bitcoin Discussion, for example.

And people who bought Facebook, Google or Apple stock could have turned $10 into many thousands too. Or people who bought a lottery ticket with the right number could have turned a couple of dollars into millions. Hindsight is 20/20, you can't use it to justify future performance.


People on this forum talk every day how Bitcoin has saved or changed the world, yet Bitcoin has very little level of adoption with majority of society not knowing or not caring about it.

If the price of Bitcoin was decided on this forum, it would already be many millions. But it doesn't matter what people think here in grand scheme of things, you can forget about seeing Bitcoin flip gold until most of global investors view Bitcoin as better than gold. And currently this sentiment is very low, and rightfully so, gold has been the store of value for thousands of years, and Bitcoin has still to prove itself to many people.

I don't think it's nuts or bullish, I think Fidelity just has a huge interest in seeing more Bitcoin investing happening, and what better way to promote it than to predict a huge price rise? People who hold Bitcoin or otherwise has some interest in it will always be bullish, otherwise it wouldn't make sense for them to do so.

The recent chart looks to me like a smaller version of the $30k to $64k movement - first it started very fast but then slowed down and after that came a crash. I will not be surprised if a crash will come soon. Both charts mean that after a resistance was failed to be broken after a few tries and bullish momentum was lost, investors start to take profits because they don't see a potential for upside in short term.

He very likely wouldn't be able to use all the stolen money because it would be impossible to launder them all. Also there's nothing wrong with not wanting to have $600m, plenty of people have lower needs so it's not worth the headache. And the hacker is probably already doing quite well financially, so why should he risk punishment for money that he doesn't really need?

Those things lead to losses not just simply because newbies lack knowledge, they are inherently high risk activities so even with experience it's easy to lose money. Just buying and holding Bitcoin is enough to make very decent profits, why be greedy and gamble with DeFi when the chance of losing everything is quite high?

Bitcoin is the most powerful network in the world for calculating SHA-256 hashes. Aside from that, it's just some dozens or hundreds of thousands of regular home computers. This is hardly "the most powerful network in the world" If you believe that it's enough to form Skynet, then maybe you should be worried about filesharing networks or online games.

It seems to be very common for newbies who invest in a bull market to think that their quick (and often unrealized) profits are sign that they are very talented traders, so they start getting more and more reckless and eventually lose most or all of their gains and then some.

There's a lot of lessons you can learn from that post, like "don't trade with leverage and don't daytrade if you're a beginner". But another big one is the importance of not getting instantly hyped by social media. The OP describes how he got sucked into trading by watching youtube videos that got recommended to him and how Michael Saylor's 100k predictions got him hyped. This is dangerous because being emotional and over excited leads to breaking the main rule of investing - don't invest more than you can afford to lose.

There is no choice, their either comply or get fined and shut down.

Companies might have many reasons to adopt Bitcoin payments, not necessarily because they hate banks and centralized payment systems. I don't think we should gatekeep Bitcoin by saying that "only true cypherpunk anarchists deserve to use Bitcoin". If so, you will never see mainstream adoption.

Since Bitcoin has fixed maximum supply, you can expect that its price will keep growing for as long as it exists. But Bitcoin will likely disappear at some point or will become just a historical artifact, so between now and that point there will be a price that will be truly ATH. But no one can predict when this will happen and what will be the price, humans are very bad at looking into the future, they can't even reliably predict what will happen in a year or two, and very rarely someone successfully predicts what will happen in 10 or 20 years, but as for future of Bitcoin, we're talking about hundreds or thousands of years.

So all the big and medium businesses should forget about accepting Bitcoin? Then how you expect to see any sort of meaningful Bitcoin adoption? People want payment methods that are universally accepted. People love Visa and Mastercard cards because you can pay with them everywhere. Why would people adopt Bitcoin if you can only make some p2p purchases with it or spend it with small businesses only (which is even now not a reality).

What if MicroStrategy will tomorrow announce that they decided to dump Bitcoin and invest in some shitcoin instead? There's many examples of a change of heart in crypto industry, latest being Tesla, before that there were people like Roger Ver who were once huge Bitcoin proponents but later turned into enemies.

If you want to have something with performance tied to Bitcoin but with more profit/risk, why not just buy leveraged Bitcoin?

They can order ISPs to block the game's website if there is such. But these days everyone knows how to bypass such bans with a VPN. But if people convert their crypto gains through centralized exchanges, the government might have a chance to tax people. because centralized exchanges do KYC and might be forced to report on their user's trading activities.

If you open historical data on altcoins and switch to their Bitcoin price, you will see a different picture.

ETH had an ATH of 0.145 BTC, currently it's 50% below that. There were many months in 2017 and 2018 when it was above the current price in BTC, so if you invested in ETH with Bitcoin and hodled to this day, you'd still be at a loss.

Cardano's Bitcoin ATH of 2018 still not suprassed even with recent rise.

XRP is 10 times below its ATH in Bitcoin now.

DOGE is far above its previous Bitcoin price levels even after the crash.

Litecoin has been consistently declining in its BTC price since it's creation and it's currently at all time low.

BCH is same story but with faster decline and shorter period.

As you can see, even if you hodl top altcoins, you will most likely lose money after some years.

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.

It's actually not about the people snapping, it's about the government becoming weaker and allowing them. The North Korean regime exists for more than 70 years without any slightest attempts of insurrection. You can't organize any resistance when one part of the population is scared and the other is devoted to the government, and everything is so tightly controlled that the flow of information/money/weapons is impossible. North Korea is just a large high security prison, and for it to collapse it would need to become a low security prison first.

He's correct in both statements. Without government greenlighting crypto, it won't get adopted by businesses, so it could only be used in informal p2p economy, which is only a small part of economy. He's also correct that a lot of DeFi is centralized, and if they are centralized, than what makes them different from centralized exchanges? If not much, then regulations could help reduce scams.