Bitcoin is just like ....!

[czechkid]

Hello everyone,
I keep seeing these articles and new start ups that basically compare anything bitcoin related to our current stuff.

For a quick example: article on coindesk... The DAO is the new DOW. And there is more. Oh this bitcoin is like money so lets put regulations and rules to it and then someone say ooo lets make a bank for bitcoin etc... I hope you get the point.

I really believe that bitcoin was created to avoid everysingle thing that we currently have. When bitcoin was used in only dark web it was working fine everyone was happy. But now goverments, bankers and rich are taking it under their wings because we let them.

If bitcoin was just bitcoin and not considered a currency or an asset or anything the price of bitcoin would be much large than it is now.

Ps: what if the rich now buy 80% of all bitcoin and than destroyed fiat?

[franky1]

bitcoinpro is a troll so dont worry about him.. it seems he cares less about the topic you have talked about and instead just wants to insult your grammar.
the worse trolls are those that can only knit pick someones grammar, without even thinking about the context of the message.

with that said bitcoin should not need regulation because regulation has absolutely nothing at all to do with consumer protection.
things like escrow services can protect consumers.
even multisig can protect consumers
things like consumers checking the business/person they are paying is not some dodgy drop-box style website with no real offices

i think the only thing bitcoin needs is better fool proof ways to protect consumers properly so that if scammed, the consumer can easily send the scammer to court/prison without a tear being shed.

[czechkid]

bitcoinpro is a troll so dont worry about him.. it seems he cares less about the topic you have talked about and instead just wants to insult your grammar.
the worse trolls are those that can only knit pick someones grammar, without even thinking about the context of the message.

with that said bitcoin should not need regulation because regulation has absolutely nothing at all to do with consumer protection.
things like escrow services can protect consumers.
even multisig can protect consumers
things like consumers checking the business/person they are paying is not some dodgy drop-box style website with no real offices

i think the only thing bitcoin needs is better fool proof ways to protect consumers properly so that if scammed, the consumer can easily send the scammer to court/prison without a tear being shed.

Thank you.

Yes i agree with what you wrote. I wish bitcoin was simply a way to pay with no regulations and nobody could control it.

[Bitcoinpro]

I already read up on decetralized autonomous organizations while we have been posting

and ive read enuff poorly written posts to have an idea of what u where saying

and i do agree yes Bitcoin is Bitcoin and all the crap has by enlarge been a big

diversion from the actual purpose of Bitcoin. So much so that even the bankers

and their investors are now on a wild goose chase. But they did suceed in

stealing alot of investor money using Mtgox a feat they wont be able to repeat

so now they have to jump on board and convince investors of other purported

value adding services like the blockchain, while the end goal is trying to stop

the end user storing Bitcoin in their own wallet and crushing the fiat system

[franky1]

Yes i agree with what you wrote. I wish bitcoin was simply a way to pay with no regulations and nobody could control it.

its not "simple" if you were to ask your grandma to use it.. but if you stay within bitcoin, nobody controls it.. yet..

its only when you venture out into needing to swap bitcoin for fiat does the regulations start to poke you in the side and the worries of core gaining so much decision making power that if they wanted to shut off sha256 in favour of a different encryption.. then some old funds can be lost. (but like i said thats not yet an issue)

[target]

I don't think e rich can get all btcs and if they do there are more altcoin anyway.
I don't fall for that bitcoin bank as they say and  i think the rest of us understand how it works as well. the only that can take are those exchanges that suddenly claims they're hacked. but not for long, waves platform will be a good alternative this time.

[Golftech]

Hello everyone,
I keep seeing these articles and new start ups that basically compare anything bitcoin related to our current stuff.

For a quick example: article on coindesk... The DAO is the new DOW. And there is more. Oh this bitcoin is like money so lets put regulations and rules to it and then someone say ooo lets make a bank for bitcoin etc... I hope you get the point.

I really believe that bitcoin was created to avoid everysingle thing that we currently have. When bitcoin was used in only dark web it was working fine everyone was happy. But now goverments, bankers and rich are taking it under their wings because we let them.

If bitcoin was just bitcoin and not considered a currency or an asset or anything the price of bitcoin would be much large than it is now.

Ps: what if the rich now buy 80% of all bitcoin and than destroyed fiat?

I found this argument helpful for me somehow, since I just new in understanding btc the fact that it was created to avoid any such rules I hope we can still make it that way not letting any one to control this freedom that we have inside crypto currency world, in your last sentence what if rich already have 80% of it maybe bothers me because they can use it to control movements of bitcoin.

[ObscureBean]

Unfortunately Bitcoin is no different from everything else we currently have. How could it be? It's very existence is sustained by the system it seeks to overthrow. Technological progress is what made Bitcoin possible, it's like a single new fruit from the tree of technology. It may look different, more colorful than the body of the tree that gave it life but eventually it will grow into the exact same tree. What I'm trying to say is that it doesn't matter what system humanity adopts, whether it's the government or some idealistic pro-equality new world order, the problem was never with the system in the first place. It's with individual humans. Change has to come from the very building block of a system. Attempts to change the system while keeping individual mentality intact is a fool's errand.

BTW I understood your English perfectly 

[Herbert2020]

i agree with parts of it like the bitcoin bank, and some similar things like that, they are what bitcoin is all about and some projects and services are so far off the bitcoin goal, although some of these things that we find stupid actually has a good number of customers!

also some things like regulation is not necessarily bad for bitcoin, i believe that it is actually good because regulating bitcoin means making it legit and people can trust it more so it is one step closer to mass adoption.

[Bitcoinpro]

Unfortunately Bitcoin is no different from everything else we currently have. How could it be? It's very existence is sustained by the system it seeks to overthrow. Technological progress is what made Bitcoin possible, it's like a single new fruit from the tree of technology. It may look different, more colorful than the body of the tree that gave it life but eventually it will grow into the exact same tree. What I'm trying to say is that it doesn't matter what system humanity adopts, whether it's the government or some idealistic pro-equality new world order, the problem was never with the system in the first place. It's with individual humans. Change has to come from the very building block of a system. Attempts to change the system while keeping individual mentality intact is a fool's errand.

BTW I understood your English perfectly 

it came of the same tree lol

next ur going to say it came out of the same colour printer

[Enotche]

Ps: what if the rich now buy 80% of all bitcoin and than destroyed fiat?

I doubt that Fiat will be destroyed, I mean right now. We now use the usual money. From hard to get rid of habits, especially the older generation. This stability, and therefore confidence. It should be replaced by more than one generation, and this generation should achieve good development in technical terms, and several economic aspects. Then we can talk about replacing fiat to Bitcoins.

[Denker]

i agree with parts of it like the bitcoin bank, and some similar things like that, they are what bitcoin is all about and some projects and services are so far off the bitcoin goal, although some of these things that we find stupid actually has a good number of customers!

also some things like regulation is not necessarily bad for bitcoin, i believe that it is actually good because regulating bitcoin means making it legit and people can trust it more so it is one step closer to mass adoption.

In the end regulators can only regulate the companies in certain jurisdictions.But they are not able to regulate and therefore control the technology, the network.That's the beauty because we are free to choose a shitty company like Coinbase or just avoid them and use other services.

[dearbesz]

in my assesment bitcoins is no different to a normal money,
only the difference is from digital to money conversation it depends on the country
you belong.  or it may like troll but not a bank.

[DeathAngel]

Don't worry about Coindesk OP, they love shilling piece of shit altcoins in their main news feed. They're probably just invested in all types of crypto & trying to boost their prices.

[Nevis]

Hello everyone,
I keep seeing these articles and new start ups that basically compare anything bitcoin related to our current stuff.

For a quick example: article on coindesk... The DAO is the new DOW. And there is more. Oh this bitcoin is like money so lets put regulations and rules to it and then someone say ooo lets make a bank for bitcoin etc... I hope you get the point.

I really believe that bitcoin was created to avoid everysingle thing that we currently have. When bitcoin was used in only dark web it was working fine everyone was happy. But now goverments, bankers and rich are taking it under their wings because we let them.

If bitcoin was just bitcoin and not considered a currency or an asset or anything the price of bitcoin would be much large than it is now.

Ps: what if the rich now buy 80% of all bitcoin and than destroyed fiat?

The bitcoin with the same money, money that case only the internet but you can also sell it in large amounts, so it is a bitcoin money