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Author Topic: This is a watershed moment in bitcoin history  (Read 1256 times)
USB-S
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November 23, 2015, 06:44:36 PM
 #21

The risk of losing out on bitcoin is zero. Noone can shut it down, or delete it. On the other hand, risk of spreading FUD is real however.
Sensational journalism is currently bitcoin's no1 problem, i would say.
However those who know, will always know. FUD doesn't really affect people who try to fight against FUD. People who know how this system works will most likely stick to it no matter what.


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RodeoX
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November 23, 2015, 06:47:56 PM
 #22

The risk of losing out on bitcoin is zero. Noone can shut it down, or delete it. On the other hand, risk of spreading FUD is real however.
Sensational journalism is currently bitcoin's no1 problem, i would say.
However those who know, will always know. FUD doesn't really affect people who try to fight against FUD. People who know how this system works will most likely stick to it no matter what.
That's a good point. FUD really only hurts those who fall for it. It's kinda like terrorism, it works on the fearful but not the brave.

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November 23, 2015, 06:49:16 PM
 #23

I think there isn't a risk of losing out on bitcoin, simply because it's not possible to delet it or shut it down, it's decentralized currency as known. Even we guess the Bitcoin will develop with time and it will be soon more used and the best famous currency everywhere
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November 23, 2015, 08:14:46 PM
 #24

No worries about the future of Bitcoin, it's growing up daily and gov can't stop it's fast development
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November 23, 2015, 10:15:24 PM
 #25

bitcoin can in fact fail and may be abandoned if it is taken over or modified by a third party beyond its original ideology.  there have been some attempts to do it already.  these attempts to "fix" it under the guise of "if we dont do it, it will fail" will continue and get more and more convincing. if bitcoin fails it will be our faults for not supporting decentralized currency and system.
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November 23, 2015, 10:40:25 PM
 #26

There was no invention in human era that people haven't put down and laughed at! I don't see why would it be any different for Bitcoin!

Let the FUDsters do the best they know, let them spread the FUD! We will make it no matter what people say out there. I mean we have made here until here and many were saying in the past that this won't ever happen. We will do the same in the future.
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November 24, 2015, 03:00:29 AM
Last edit: November 24, 2015, 03:10:41 AM by johnyj
 #27

To shut down bitcoin, you just shut down exchanges, that must be coordinated world wide, but since large banks are mostly coordinated world wide, this is not really impossible

Fiat money can survive without exchanges, since it is the major transaction medium in one country. But without exchanges, bitcoin will have very limited reach. In people's imagination, there is a free market, but in reality all the markets are operated by authorities, even the largest forex interbank market is controlled by the central banks. Similarly, today's bitcoin price is controlled by a group of whale traders and possibly some banks on exchanges

If bitcoin want to survive without exchanges, there has to be an enough large group of merchants accept bitcoin payment and use bitcoin pricing without a reference exchange rate to fiat money, their pricing might derive from the mining cost of each bitcoin

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November 24, 2015, 03:22:32 AM
 #28

I see no reason for it to drop in popularity in fact it's still increasing and won't stop for a while.
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