But it is limited to a certain number.
No it is not. You fork it and thereby have more coin. This will draw off money from the original - and in reality it is inflation. That you call the altcoin another name does not change the fundamentals. |
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Increasing the supply of Bitcoin is prohibited and it would lead to inflation. Bitcoin is decentralised so every decision needs to be accepted by the vast majority of its users. Fiat will be never as good as Bitcoin. Nobody can't control Bitcoin unless someone has at least 51% of the hashrate.
Wow the inconsistencies in here. Nothing is "prohibited". Do you have a Bitcoin "law" that cannot be changed? No, of course not. Bitcoin is decentralized so decisions have to be accepted by a majority. Exactly. And a majority can decide to go beyond 21 mill. Nobody can't control Bitcoin unless someone has at least 51% of the hashrate.
Here you are literally contradicting yourself within the same sentence. You are saying someone can control Bitcoin, they just need to have 51%. |
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Why the hell you are here freightjoe? You are just creating a lot of FUD threads which i see you cannot support or defend
Sorry to say, but all my points have been on the mark, and no one in here have been able to disprove them. All you do in here is cry "FUD" which seemingly is the feeble hope you are clinging to in order not to realize the crash that is coming Its not our job to disprove anything, and its not possible to do it. Disprove that Santa is real.. It can't be done. You are making the claim, you have to prove it I have merely pointed out very real and very factual issues with Bitcoin that will have a significant impact on the valuation of the coin. All those issues are shown to be real - no-one in here have been able to logically argue against them. Which is why I see the desparation growing with people in here as the realization is slowly coming that this cannot end well unless you get out |
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Why the hell you are here freightjoe? You are just creating a lot of FUD threads which i see you cannot support or defend
Sorry to say, but all my points have been on the mark, and no one in here have been able to disprove them. All you do in here is cry "FUD" which seemingly is the feeble hope you are clinging to in order not to realize the crash that is coming |
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So when you buy gas for your car, YOU are supporting ISIS. Or maybe, you cannot be held responsible for that?  Do your homework. This is why there is politcal pressure on rogue states - just as there will be immense pressure on Bitcoin |
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Maybe you wanted to say "Crypto" instead of "Bitcoin"? If ISIS is not total fools - they will use another crypto with high anonimity like Monero or other ones.
Yes, all cryptocurrencies |
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Yesterday bitcoin was a way to communism, now it is a source of funds for NK nuclear program. What will it be tomorrow?
Educate yourself. North Korea is communist No. First, yesterday you have given a more or less correct definition of communism. Is North Korea a stateless and moneyless society? Second, all mentions of communism were excluded from NK constitution in 2009. Let's put it in words you can recognize. Communism is Bitcoin. North Korea has adopted a fork of Bitcoin as their governing policy You were wrong and don't have the balls to admit it. You really are fascinating. You are happy to provide financial support to North Korea's nuclear weapons (that has already been proven) and now you deny the communist roots of the regime as well. People who are prone to conspiracy theories might by now have a well-founded reason to suspect you are actually an agent for the regime in Pyongyang working at their Bitcoin mines |
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Bitcoin is deflationary, so I have no idea what you're talking about.
No. It is inflationary, as the forks act as a de facto inflation mechanism. And unlike the central banks where there is a decision process, inflation in Bitcoin happens whenever someone feels for making their own fork |
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I am not happy if the government allows ISIS entry in the crypto world, will have an impact on bitcoin.
I thought most of the IS is supported by some rich Arabs, they do not use the Bitcoin. ISIS uses FIAT money like USD EUR and such. Once more you are off the mark: https://www.cfr.org/article/bitcoin-bombs |
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I don't support North Koreas nuclear war program in any way.
Once again you are contradiction yourself - or simply lying. Earlier today you wrote explicitly: I don't mind if NK would help to sustain the Bitcoin Network.
Doesn't contradict, because everybody can mine and use Bitcoin. That's one of the magic features of Bitcoin. One day you will understand that.... Wrong. It is a simple code change to ensure only approved miners can contribute, and thereby eliminate the possibility for criminals (and unstable governments building more nuclear weapons) to monetize it. Go on and build an Altcoin that does exactly that. Then you form a comitee, that decides which countries will be banned. Great idea. Start programming and open your own forum for that, because Bitcoin is different. You can call it 'Bancoin. The coin NOT for everyone!' Well - that is exactly what you will be asked to build if the governments are not to shut you down. And with key people in Bitcoin having fortunes tied up in it, there will be a majority to go down that path when the day comes. |
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Yesterday bitcoin was a way to communism, now it is a source of funds for NK nuclear program. What will it be tomorrow?
Educate yourself. North Korea is communist No. First, yesterday you have given a more or less correct definition of communism. Is North Korea a stateless and moneyless society? Second, all mentions of communism were excluded from NK constitution in 2009. Let's put it in words you can recognize. Communism is Bitcoin. North Korea has adopted a fork of Bitcoin as their governing policy |
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North Korea has SHIT internet though.
how would they be able to mine and compete with all the more advanced bitcoin miners out there?
They have great internet and is behind significant hacking attacks. |
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I don't support North Koreas nuclear war program in any way.
Once again you are contradiction yourself - or simply lying. Earlier today you wrote explicitly: I don't mind if NK would help to sustain the Bitcoin Network.
Doesn't contradict, because everybody can mine and use Bitcoin. That's one of the magic features of Bitcoin. One day you will understand that.... Wrong. It is a simple code change to ensure only approved miners can contribute, and thereby eliminate the possibility for criminals (and unstable governments building more nuclear weapons) to monetize it. |
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oh god this guy again, spamming the whole board with shit talks and nothing more, stating he knows the truth and want to make us aware of it.
Everyone knows that BTC care used to buy illegal stuffs, drugs, weapons and italian mafia are using BTC to buy piece of arts to laundering money.. so what's your point?
Based on your assumption, producer of weapons are responsible of mass shooting in America (just to be clear, i'm from EU and i'm against the american law about weapons) and not the people who use it.. my fault again, i took the bait once more.
Didn't you read the point? The point is that regulation of Bitcoin is inevitable, eliminating anonymity and undermining the decentralized nature. That will impact Bitcoin valuation. |
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Seeing those arguments above. All I can say this is a forum and people do have the freedom to express their views and perceptions about bitcoin but yet op would really expect that lots would really oppose since we are on bitcoin forum then expect there would really be more supporters than on haters . I know that Bitcoin users are always aware on these kind of situation on where bitcoin can really be used on these things. Sad reality but we should get used to it since no one can stop people on using it on funding people.
True - but you should be aware that governments will step in and impose regulation, and that will have a significant impact on the valuation of Bitcoin |
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Terrorist organizations are using euros, dollars and probably every other currency as well. So let's ban fiat altogether while we are at it?
I never said it would be banned. I said governments would step in and regulate. And, yes, they are also regulating fiat. |
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Banning Bitcoin doesn't mean terrorism will end either. They have used cash in the past and have had little problems.
If anything, governments simply have to regulate.
Absolutely correct - and that was also what I initially wrote. I did not say anything about banning Bitcoin - I said governments will step in and regulate it. Just as they are regulating transfers of fiat. |
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I don't support North Koreas nuclear war program in any way.
Once again you are contradiction yourself - or simply lying. Earlier today you wrote explicitly: I don't mind if NK would help to sustain the Bitcoin Network.
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Yesterday bitcoin was a way to communism, now it is a source of funds for NK nuclear program. What will it be tomorrow?
Educate yourself. North Korea is communist |
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The topic is hilarious. Do you believe that a pennies on the return on the mining equipment investment will make North Korea build nuclear weapon? Actually it is better to (even if it is a government) invest in a long term investement rather than a short term weaponry? Does it?
Or maybe an OP thinks that North Korea can not invest into anything and they have to be super poor in order for them to not have additional nuclear weapon.
Most of the North Korea weaponry is either a soviet junk, or it is proven to be the western weaponry. Stop selling or giving them weapons if you are worried about them.
You clearly are ignorant of how North Korea and the sanctions work You seem to be ignorant of how Bitcoin works. Not at all. Do you deny the North Korea can mine Bitcoin? Do you deny North Korea is spending money on nuclear weapons? |
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