I feel, Bitcoin is torn in a cold war between two kinds of people!

[cuddaloreappu]

I agree that there are different kinds of people involved in the bitcoin sphere with a part of them being more libertarian and another part being more of the opportunistic investor type.

However I'm not sure that these two groups will necessarily have to be in a state of war. I think both con coexist. Being libertarian and pro-anonymity does not rule out endorsing profitability - and vice versa.

In my opinion Bitcoin is designed as a decentralized, pseudonymous, trustless system which will automatically lead to a shift towards more libertarian values, because controlling such a system is expensive and will have adverse effects on the system's efficiency. Opportunistic investors will certainly not support governmental control of Bitcoin if it hurts the system's efficiency and profitability.

Ultimately all parties will realize that there is much more to gain than to loose from the decentralization and full fungibility of Bitcoin. The wind of change that stems from Bitcoin is much too strong to build walls...

ya.ya.yo!

may be moderates on both sides can co exist...but extremes do not , if you look at the trailer for dark wallet on you tube you can see they state that the bitcoin foundation exist to compromise the core value of bitcoin..

How can you coexist with this sort of contrasting opinions

[Lethn]

The problem is with the Bitcoin foundation is like with many organisations they seek to to subvert the law or in this case the very logic Bitcoin follows for their own ends, one of the greatest things about cryptocurrencies is it follows logic and mathematics so everybody knows what is going to happen to the currency, if it can be changed on a whim then it will be just like other fiat currencies. Yes yes, I know about the safe guards of open source and I agree with that but if you think the Bitcoin foundation and the whitehouse isn't working to undermine that then I think you're all pretty naive, Bitcoin is making the U.S government and many others look like assholes, especially bankers, just because it uses actual mathematics to dictate it's money supply rather than someone at a desk throwing a few extra billion at their friends.

[marcus_of_augustus]

Free market trumps all, central banks, massively over-extended govts and their mega-bank co-conspirators are about to be treated to the harshest of lessons from the highly-suspect  attempted central planning of the economies of the world. A lesson from recent history taught by none less than the worst failures of communism.

The monetary systems are broken, the major banks are technically bust and the sovereign debt loads are maxxed to the point where the entire productive GDP of the world is simply being sucked up by the interest on existing debt and stagnating in pools of a select few uber-wealthy entities who simply haven't the intellectual or informational capacity to allocate effectively the capital resources they now control ... the death spiral of a moribund centrally planned economy is already well advanced.

Enter Bitcoin and crypto currencies. Free market will choose the best money available, that money will be fully fungible, any VC/opportunists betting against that outcome and plumping in with more-of-the-same broken electronic monetary systems will inevitably be losers, morally, technically and financially. In the fires of economic collapse are where bitcoin's properties will be forged, not some grimy, grey hearing room full of parasitical regulatory industry posers.

[marcus_of_augustus]

Bitcoin is making the U.S government and many others look like assholes, especially bankers, just because it uses actual mathematics to dictate it's money supply rather than someone at a desk throwing a few extra billion at their friends.

... and how were they not already AH's? Bitcoin is the bad guy for holding up the mirror?

[Lethn]

Bitcoin is making the U.S government and many others look like assholes, especially bankers, just because it uses actual mathematics to dictate it's money supply rather than someone at a desk throwing a few extra billion at their friends.

... and how were they not already AH's? Bitcoin is the bad guy for holding up the mirror?

It's because it's a genuine alternative, so of course Bitcoin is going to be the bad guy for threatening their monopoly, yes we knew they were already assholes, but Bitcoin is revealing just how much of a bunch of assholes they are.

[yayayo]

I agree that there are different kinds of people involved in the bitcoin sphere with a part of them being more libertarian and another part being more of the opportunistic investor type.

However I'm not sure that these two groups will necessarily have to be in a state of war. I think both con coexist. Being libertarian and pro-anonymity does not rule out endorsing profitability - and vice versa.

In my opinion Bitcoin is designed as a decentralized, pseudonymous, trustless system which will automatically lead to a shift towards more libertarian values, because controlling such a system is expensive and will have adverse effects on the system's efficiency. Opportunistic investors will certainly not support governmental control of Bitcoin if it hurts the system's efficiency and profitability.

Ultimately all parties will realize that there is much more to gain than to loose from the decentralization and full fungibility of Bitcoin. The wind of change that stems from Bitcoin is much too strong to build walls...

ya.ya.yo!

may be moderates on both sides can co exist...but extremes do not , if you look at the trailer for dark wallet on you tube you can see they state that the bitcoin foundation exist to compromise the core value of bitcoin..

How can you coexist with this sort of contrasting opinions

The Bitcoin Foundation is not necessary for Bitcoin at all. They're just a self-proclaimed marketing entity that does not represent the entire Bitcoin community.

Multiple versions of Bitcoin Core have been developed without a foundation. Programmers don't need a foundation to code. Bitcoin makes individual and project-specific donations easier than ever before. There is no need for the administrative overhead of a foundation. It just wastes resources. Both sides can agree on that.

ya.ya.yo!