Bitcoin Forum
June 14, 2024, 07:53:07 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Won`t the central bankers still win in the end?  (Read 218 times)
meanwords
Full Member
***
Offline Offline

Activity: 1624
Merit: 163


View Profile
December 28, 2020, 12:33:12 PM
 #21

It will be a central banker with all the bitcoin in the end. They will buy the biggest mining farm and collect all coins through network fees.
Even by holding bitcoin we still lose to the central bankers in the end when we make a transaction they will collect the fees.

Whether it`s 100k USD a coin or 1billion USD a coin, it`s no skin of their back, just pressing a extra few 0`s into the computer when they make fiat.

Bitcoin does not free us from $lavery. It runs off the fumes of fiat.

How we beat them is to make everyone the currency creators, distribute supply 1 hour coin an hour or 1 second coin a second to unique addresses created from a human HWID, iris, fingerprint or heartbeat. That way when the central bankers buy the supply, everyone wins. Sure we don`t beat them, but if you can`t beat them, join them.

How did you come to that conclusion? it's already too late for the banks to control Bitcoin. Look at the current supply right now, it has already been spread into different users and those banks won't be able to do anything about it. Bitcoin has become too big for them to control. They should have started when Bitcoin was just starting.

Sure they can buy a huge amount of Bitcoin but that doesn't give them the control over it. They are just a holder. Sure they can have the largest Bitcoin farm but that doesn't mean they control all of the fees, there will always be someone that will compete with them, most likely China.

At the end of the day banks won't stop Bitcoin, they won't be able to control it.
davis196
Hero Member
*****
Offline Offline

Activity: 3010
Merit: 918



View Profile
December 28, 2020, 12:45:21 PM
 #22

It will be a central banker with all the bitcoin in the end. They will buy the biggest mining farm and collect all coins through network fees.
Even by holding bitcoin we still lose to the central bankers in the end when we make a transaction they will collect the fees.

Whether it`s 100k USD a coin or 1billion USD a coin, it`s no skin of their back, just pressing a extra few 0`s into the computer when they make fiat.

Bitcoin does not free us from $lavery. It runs off the fumes of fiat.

How we beat them is to make everyone the currency creators, distribute supply 1 hour coin an hour or 1 second coin a second to unique addresses created from a human HWID, iris, fingerprint or heartbeat. That way when the central bankers buy the supply, everyone wins. Sure we don`t beat them, but if you can`t beat them, join them.

I don't see this as a competition or a battle.The central bankers don't really care about Bitcoin.They have to take care for the economy and the financial sector.They have to protect the banks from going bankrupt and keeping inflation rates low.Do you really think that central banks will ever going to buy cryptocurrencies?
The governments will never allow them to buy coins.
Your idea of "hour coins" is pretty old and it never got implemented successfully,because the people will find  a way to fake that "hour coin" currency.
Can you create fake Bitcoins(real BTC,not BCH or any forked pseudo-Bitcoins) out of thin air?
I don't think so.

bekti3
Member
**
Offline Offline

Activity: 1078
Merit: 15


View Profile
December 28, 2020, 01:19:19 PM
 #23



It gives power to people with fiat AKA central bankers, not power to the people.

Coins are bought with fiat, Electricity is bought with fiat, Miners are bought with fiat, Fiat wins.

Should anyone win between Fiat and Bitcoin? What is the reason for that? There's no need to confuse fiat and bitcoin, because they complement each other. Bitcoin value is seen in terms of fiat value. and there's really nothing to worry about.
But why is it as if bitcoin never came to terms with fiat?
between bitcoin and fiat, I keep using both. and it's not a big problem.

██                      ►          ⦁               1xBit.com     │     S p o r t s b o o k   &   C a s i n o               ⦁          ◀                      ██
                  WELCOME BONUS UP TO 7 BTC!                  ♣
██  ██████████████          ■                   30+ ALTCOINS AVAILABLE                   ■          ██████████████  ██
lionheart78
Legendary
*
Offline Offline

Activity: 2898
Merit: 1152



View Profile WWW
December 28, 2020, 01:32:42 PM
 #24




Bitcoin does not free us from $lavery. It runs off the fumes of fiat.

I agree, it is something like passing the torch of power to Bitcoin whales. Then these whales dictates the flow of the market.  The only difference is that anyone holding Bitcoin can send their fund across the world without a third-party intervention.

How we beat them is to make everyone the currency creators, distribute supply 1 hour coin an hour or 1 second coin a second to unique addresses created from a human HWID, iris, fingerprint or heartbeat. That way when the central bankers buy the supply, everyone wins. Sure we don`t beat them, but if you can`t beat them, join them.

This can be manipulated and susceptible to fraud and corruption. Since there is a central authority that distributes the supply.

▄▄███████████████████▄▄
▄█████████▀█████████████▄
███████████▄▐▀▄██████████
███████▀▀███████▀▀███████
██████▀███▄▄████████████
█████████▐█████████▐█████
█████████▐█████████▐█████
██████████▀███▀███▄██████
████████████████▄▄███████
███████████▄▄▄███████████
█████████████████████████
▀█████▄▄████████████████▀
▀▀███████████████████▀▀
Peach
BTC bitcoin
Buy and Sell
Bitcoin P2P
.
.
▄▄███████▄▄
▄████████
██████▄
▄██
█████████████████▄
▄███████
██████████████▄
███████████████████████
█████████████████████████
████████████████████████
█████████████████████████
▀███████████████████████▀
▀█████████████████████▀
▀██████████████████▀
▀███████████████▀
▀▀███████▀▀

▀▀▀▀███▀▀▀▀
EUROPE | AFRICA
LATIN AMERICA
▄▀▀▀











▀▄▄▄


███████▄█
███████▀
██▄▄▄▄▄░▄▄▄▄▄
████████████▀
▐███████████▌
▐███████████▌
████████████▄
██████████████
███▀███▀▀███▀
.
Download on the
App Store
▀▀▀▄











▄▄▄▀
▄▀▀▀











▀▄▄▄


▄██▄
██████▄
█████████▄
████████████▄
███████████████
████████████▀
█████████▀
██████▀
▀██▀
.
GET IT ON
Google Play
▀▀▀▄











▄▄▄▀
wxa7115
Hero Member
*****
Offline Offline

Activity: 2744
Merit: 713


View Profile
January 02, 2021, 06:22:27 PM
 #25

If you want to buy into the "central banks" winning then there you go. There are probably people still that don't know there is a thing called a computer out there and most certainly anything relating with Bitcoin. Think about this, if you take away the central banks, the government, so on and so forth then what?


Yeah, it's true. We do need central banks, government. They are like the permanent fixtures in our lives. But we can opt to some alternatives like crypto. It is still on you how you will manage your portfolio. Not all people are crypto users, the fact is, only small population up until now. So saying that central banks are winning, because they are really are. Now, it is up to you how you will manage your financial aspect.
It is not that we need them, at least I have never needed a central bank in my life, what happens is that they are powerful institutions and for the most part the world cannot just reset and start all over again, you need to make do with whatever you have at hand, so it is likely that even if bitcoin is used all over the world those institutions are going to remain, but hopefully for us they will be nowhere as powerful as they are now.

The power to print all the money they want is simply too great and they have been abusing it with impunity for decades in order to try to lessen the impact of the different economic crisis we have gone through and while they have been successful on that they have destroyed the value of their currencies which means the next crisis that we have related to that will be many times worse than anything we can imagine.
Argoo
Full Member
***
Offline Offline

Activity: 2310
Merit: 227


View Profile
March 18, 2021, 08:05:52 AM
 #26


Making BTC ilegal is too late I guess so they just have to do something else. But buying mining farms seem too much, when they could just use a government backed exchanges. People will normally trust it and take their BTC, paypal already started doing so.

But just to buy the idea, its a good thing there are platforms that allows us to do it so that each of us can create our own token. There are several platforms actually and with just a click you can already have your own token. 


Governments and their central banks don't have to try to buy up most bitcoins. It will be too expensive, and there is no need for them to do it. They will simply ignore the cryptocurrency, and if it strongly influences the global financial system, then they will, as always, use regulatory measures. This will be enough to solve any problem that may arise.
Lorence.xD
Sr. Member
****
Offline Offline

Activity: 1624
Merit: 315


Leading Crypto Sports Betting & Casino Platform


View Profile
March 18, 2021, 08:48:05 AM
 #27

Governments and their central banks don't have to try to buy up most bitcoins. It will be too expensive, and there is no need for them to do it. They will simply ignore the cryptocurrency, and if it strongly influences the global financial system, then they will, as always, use regulatory measures. This will be enough to solve any problem that may arise.
Exactly, the only time I think that they will take notice of bitcoin buzz is when it has a clear possibility of reaching the 7 digit prices but right now, I think that they will worry more as to how can they keep their seat of power with all the betrayals of politician, make their influence bigger, get their immunity to the laws that they pass and how to make more money out of the taxpayer's money.

█▀▀▀▀▀











█▄▄▄▄▄
.
Stake.com
▀▀▀▀▀█











▄▄▄▄▄█
   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
█▀▀▀▀▀











█▄▄▄▄▄
.
PLAY NOW
▀▀▀▀▀█











▄▄▄▄▄█
MuffinMaster
Sr. Member
****
Offline Offline

Activity: 1414
Merit: 265


Pepemo.vip


View Profile
March 18, 2021, 09:59:19 PM
 #28

I don't think any bank can take control of complete bitcoin ecosystem. Its decentralized and there are thousands of mining farms along with millions of individual miners. The blockchain is designed in a way that even the creator wont be able to alter it

Kakmakr
Legendary
*
Offline Offline

Activity: 3458
Merit: 1961

Leading Crypto Sports Betting & Casino Platform


View Profile
March 18, 2021, 10:06:12 PM
 #29

You know what trick we have to our advantage? (We can support any coin we want to ...and there are 1000's.... also, if the developers wants to ...they can fork Bitcoin and we can all switch to a new fork)

It would have cost Central Banks Billions to buy all the available coins and they will be worthless in a matter of months..because most people will shift to the most popular coin. (Example : DogeCoin or a new Forked coin)  Wink Cool

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!