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Author Topic: Do you think bankers will destroy block chain tech, decentralization, bitcoin?  (Read 3903 times)
marty123
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September 19, 2016, 01:42:55 PM
 #1

If you haven't noticed already, the two coins below Bitcoin, Ethereum(ETH) , Ripple (XRP) have forged theier way into crypto with massive fundings from bank, backed by bankers, both Ethereum and Ripple have second and third market capitalization respectively after Bitcoin, Do you think the bankers who manipulated the global market and caused the global crash of 2008 which led to suicide of thousands of innocent people for making bankers profit, will bring down bitcoin, block chain tech and  decentralization?

1. How are you going to stop the bankers trying to dictator crypto?

2. Are you fully aware of things that are going on?

3. What measures are you taking now?



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September 19, 2016, 02:06:58 PM
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The Gavin Andresen/Mike Hearn hard fork proposals were very likely bankster moves against Bitcoin (as both have connections with either the banking or corporate establishment). They proposed to put huge unnecessary loads on the network, and dialed back the size of the extra load they proposed by several factors, several times, and still their plans were rejected.

The hard fork mechanism is important if there is a genuine disagreement on direction, or if the ethics of the repo maintainers become significantly questionable. We don't have that problem though. The problem was hard fork proposals that intend to install rogue development teams, not the current dev team.

What did we do? We argued against it, successfully, against an army of shills. They're re-mobilising right now, and it's hilarious.

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September 19, 2016, 02:18:38 PM
 #3

XT and Classic are indeed bankster moves against Bitcoin, anyone with some insight on the tech and on the community knows that.

This is how they will try to to take control of Bitcoin. They will try to centralize the nodes which is what would cause massive damage in the network. Once you can't run a node the decentralization of the network is simply not possible.

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September 19, 2016, 02:32:42 PM
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The Gavin Andresen/Mike Hearn hard fork proposals were very likely bankster moves against Bitcoin (as both have connections with either the banking or corporate establishment). They proposed to put huge unnecessary loads on the network, and dialed back the size of the extra load they proposed by several factors, several times, and still their plans were rejected.

The hard fork mechanism is important if there is a genuine disagreement on direction, or if the ethics of the repo maintainers become significantly questionable. We don't have that problem though. The problem was hard fork proposals that intend to install rogue development teams, not the current dev team.

What did we do? We argued against it, successfully, against an army of shills. They're re-mobilising right now, and it's hilarious.

Exactly, this is what we need to do, we will need to keep on fighting and this will be a never ending war.

Ethereum able to bail out, XRP able to freeze user funds, both funded and backed by bankers are trying to destroy everything Satoshi wants to build upon.

In the current crypto scenario, i would go with Monero after Bitcoin as they uphold Bitcoin values.
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September 19, 2016, 04:02:25 PM
 #5

Yes, i think bankers will do all that they can to destroy block chain tech, they are wolves disguised as sheeps, we need to keep on fighting them to keep Satoshi's vision alive.
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September 19, 2016, 05:18:21 PM
 #6

Yes, i think bankers will do all that they can to destroy block chain tech, they are wolves disguised as sheeps, we need to keep on fighting them to keep Satoshi's vision alive.

As an agorist, i hate the government controlled bankers trying to destroy Satoshi's vision, we need to stop them before they grow big, everyone should voice their protest against them.
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September 19, 2016, 05:23:17 PM
 #7

Absolutely not.

There is a lot of talk about the banks destroying bitcoin, yet no one has even shown me a method for doing this. Until someone can show how this could be done, I don't think it will be done.


1. How are you going to stop the bankers trying to dictator crypto? - I don't have to. There is no way to do it.

2. Are you fully aware of things that are going on? - Um.  you mean in the bitcoin world? Sure, more than most I suppose.

3. What measures are you taking now? - I only use BTC online and dumped my credit cards. The banks are only powerful because you keep giving them your money. I do not do that.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in ICELAND - https://bitcointalk.org/index.php?topic=1610684
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September 19, 2016, 05:29:48 PM
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Absolutely not.

There is a lot of talk about the banks destroying bitcoin, yet no one has even shown me a method for doing this. Until someone can show how this could be done, I don't think it will be done.

Banks are trying their best, they are crooks trained in deceiving for 100's of years, seeing how Ripple is backed by banks and freezing user funds and how ripple is valued as third biggest crypto and recent Ethereum bailout and their connections with bank is showing that they are improving with their crony/wicked strategies, i believe the free market will dictate its course and they will not win, we have to stay vigilant and protest nonetheless.
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September 19, 2016, 05:34:18 PM
 #9

Absolutely not.

There is a lot of talk about the banks destroying bitcoin, yet no one has even shown me a method for doing this. Until someone can show how this could be done, I don't think it will be done.


1. How are you going to stop the bankers trying to dictator crypto? - I don't have to. There is no way to do it.

2. Are you fully aware of things that are going on? - Um.  you mean in the bitcoin world? Sure, more than most I suppose.

3. What measures are you taking now? - I only use BTC online and dumped my credit cards. The banks are only powerful because you keep giving them your money. I do not do that.

The methods have been mentioned in this thread already. They will keep using actors to corrupt the community and create problems and then propose their own solutions, all revolving the same principles:

1) Dissolve the Core developer team, which is influenced by crypto punk culture. This means to stop all traces of anonymity and node decentralization.
2) Propose a software that sounds good in the ears of morons: Cheap and fast transactions, at the expense of node centralization since they are too big to run on normal computers. Of course this is never mentioned or sugarcoated so they can trap as many idiots as possible on their anti Core crusade.

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September 19, 2016, 05:41:09 PM
 #10

Well, imo they are already working hard on the permission private Blockchain type technologies, and they will have no need to zoom in on Alt

coins to achieve their goals. They already took the technology that was supposed to disrupt them { or so they thought} and turned it in to a

technology that will bring in even more profits. { lower cost of global tx's going to the shareholders pockets } ...Time will tell. How do you stop

them... well vote against the people backing them and do not use their services.  Wink

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September 19, 2016, 05:47:35 PM
 #11

Absolutely not.

There is a lot of talk about the banks destroying bitcoin, yet no one has even shown me a method for doing this. Until someone can show how this could be done, I don't think it will be done.

Banks are trying their best, they are crooks trained in deceiving for 100's of years, seeing how Ripple is backed by banks and freezing user funds and how ripple is valued as third biggest crypto and recent Ethereum bailout and their connections with bank is showing that they are improving with their crony strategies, i believe the free market will dictate its course and they will not win, we have to stay vigilant and protest nonetheless.

Of course the banks are welcome to create their own alt-coins. But they can not compete and here is why.

Bitcoin fees trend to the lowest profitable amount using a global competition model. Banks would have to buy/rent hash power as no one will volunteer to run their coins.
Bitcoin incentivises mining by turning over all new coins to the miners and allowing anyone on the planet to mine. Banks aren't going to give their coins away to people they don't even know.
Bitcoin's distribution, and supply can not be changed without consensus from all users. Bank coin value and supply will be decided by the bank, and in the banks best interest.
Bank coins will come with whatever rules the bank sees as profitable. With bitcoin no one can stop anyone from doing with their money whatever they wish.
Bank coins are not going to work around the world like bitcoin. They will have limited and controlled use.

Basically banks can create a money they control and that you can use under their system. Does that sound like something bitcoin users are going to switch to? lol, no of course not.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in ICELAND - https://bitcointalk.org/index.php?topic=1610684
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September 19, 2016, 05:48:28 PM
 #12

I think banks will lift the ideas they like and use it to polish up their own product. Most average people would swallow what the banks serve up to them regardless of how appalling it is for their future.

Do I think there are paid shills from the banks prowling this board right now? I think Bitcoin attracts enough psychotic freaks who are willing to upend it for free for their own sweaty little reasons.

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September 19, 2016, 06:07:44 PM
 #13

bankers takes taxes for their own development and they will keep a seperate record file of all the transacrions too because they can not fully trust on anything else when matters are about money and banks are made to balance the money in a country and they can destroy the anonymity in the network


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September 19, 2016, 06:25:50 PM
 #14

Of course the banks are welcome to create their own alt-coins. But they can not compete and here is why.

Bitcoin fees trend to the lowest profitable amount using a global competition model. Banks would have to buy/rent hash power as no one will volunteer to run their coins.
Bitcoin incentivises mining by turning over all new coins to the miners and allowing anyone on the planet to mine. Banks aren't going to give their coins away to people they don't even know.
Bitcoin's distribution, and supply can not be changed without consensus from all users. Bank coin value and supply will be decided by the bank, and in the banks best interest.
Bank coins will come with whatever rules the bank sees as profitable. With bitcoin no one can stop anyone from doing with their money whatever they wish.
Bank coins are not going to work around the world like bitcoin. They will have limited and controlled use.

Basically banks can create a money they control and that you can use under their system. Does that sound like something bitcoin users are going to switch to? lol, no of course not.

Why are you ignoring the forking threat that you've been told about already, and that has been menacing Bitcoin for 18 months? If people using Bitcoin can be swayed into choosing a destructive fork, it hands the steering of Bitcoin over to those controlling the new fork.

Vires in numeris
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September 19, 2016, 06:28:13 PM
 #15

Firstly blockchain concepts have been around since the 1970s. I used it for creating a transaction verification file on an IBM 360. T

Will the miners take over Bitcoin? That's the big question, andhe Bitcoin revolution was the decentalisation and replication of this type of verification file. This makes it difficult/impossible to corrupt the historical data.
Can bankers take control? - not if we can support a free and honest  core team.

can bankers create an alternative? Of course they can, but it won't  be the same - maybe they will start including electronic data in the new plastic notes to support their new virtual currencies. one that I'm not qualified to answer.

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September 19, 2016, 06:32:58 PM
 #16

They goal is maybe to destroy Bitcoin as competition they don't like but they don't have the interest to destroy blockchain technogy. At the.moment they would like to.embrace it and implement into their business.

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September 19, 2016, 07:22:40 PM
 #17

they won't destroy blockchain technology. you can't destroy an idea and it's useful for them anyway. they wouldn't dream of participating in something decentralized. that ain't how they operate and never will.

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franky1
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September 19, 2016, 07:23:10 PM
 #18

look at carlton with all the propaganda.

but where is carlton when it comes to the bankers investment of $55m that went to adam back and greg maxwell..
oops i struck a nerve.. i mentioned a banker relationship with the ones trying to slow down bitcoin capacity growth..

now i expect more trolling from him not talking about cores funding.. instead of admitting even his beloved chums have been bought out
now i expect more 3 shell game of "everyone look to the left while the bankers attack on the right" to pretend core are innocent and no one should investigate or judge the funding of holy religious order of core control.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
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Carlton Banks
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September 19, 2016, 07:36:21 PM
 #19

look at carlton with all the propaganda.

but where is carlton when it comes to the bankers investment of $55m that went to adam back and greg maxwell..
oops i struck a nerve.. i mentioned a banker relationship with the ones trying to slow down bitcoin capacity growth..

I've always addressed this directly.

PriceWaterhouseCoopers are not a bank. And that's the investment organisation Franky is referring to. That isn't a bank.

Vires in numeris
Senor.Bla
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September 19, 2016, 07:43:07 PM
 #20

they won't destroy blockchain technology. you can't destroy an idea and it's useful for them anyway. they wouldn't dream of participating in something decentralized. that ain't how they operate and never will.
to be honest i am a bit afraid, that they might just do something worse then destroying it. they could pervert the block chain and make it something it was not meant to be. and since they did not destroy it enough people are dumb enough to go with it. sure there would be still some small groups left with a proper block chain, but so small that nobody would care.

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