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diegodog
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June 07, 2017, 09:03:07 PM
 #1

Hello All,

I'm new to crypto but not new to the banking/gov game.

What are you thoughts on the bankers/gov potentially controlling Bitcoin behind the scenes putting on a show oh how they are concerned about it? 

They can print the fiat to buy bitcoins.
Its the electronic money/world currency they are so thirsty for.
The NSA has supposedly a back door to all our devices.

I think if bitcoin is the new banker currency it will explode higher as 7.5 billion people vs 21 million bitcoins means $$$$ to the early holders.
If Bitcoin is the alternative to the bankers/gov then it will explode higher as well due to the high percentage of people who want to be free from them.

Anyone who has attempted to not use the dollar Ghadaffi (gold Dinar) - Saddam (oil for Euros)  have met a swift end. 

Why are they not stopping (possible jail threats) it when they have shown they will go to extreme measures to stop competition.

Either way I see it going higher i'm just trying to get my head around why it has not been stopped. 

Thoughts?
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iamTom123
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June 08, 2017, 02:35:38 AM
 #2

Bitcoin is right now exploding though it is far from getting into the mainstream of the population just like how the fiat money has penetrated our population. Yes, it is being viewed as an alternative to fiat money that is not subject to the controls and desires of the authorities...that is becoming a driving idea behind Bitcoin.

Will any government print more money just to buy Bitcoin? Well, that can be possible but so far I think nobody has done that maybe because it is not allowed by law in democratic countries like USA you need to get approval for you to use the quantitative easing system and in many dictatorial regime they are viewing Bitcoin still as a threat. There are even countries that though planning to recognize Bitcoin for tax purposes yet they are also dreaming of introducing their own national cryptocurrency...a move away from Bitcoin I would say.

Bitcoin is now moving away from many simplistic ideas that may not really be working in the global marketplace...Bitcoin is supposed to be a more rational currency in digital form as against all the intricacies and insanity connected with our traditional fiats.
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June 08, 2017, 02:49:07 AM
 #3

They can print fiat to buy Bitcoins, but it would be the ruin of the country's economy... I think no one government will try to do it. I think they will go for another way, by trying to regulate Bitcoin, taking fees over transactions and lowering our individual profit.

If they can take an interesting amount of BTCs over our transactions and ending the pseudo anonymously of Bitcoin will be enough for them. They just want to have control over us, our actions and our money. We need to avoid it.
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June 08, 2017, 03:18:35 AM
 #4

Bitcoin is uncontrolled currency. No banking can fixes the bitcoin price. It is really based on market. That's what bankers fear of bitcoin. Bitcoin will be a threat to banking industries. Banking needs to adopt blockchain to survive. If not , when the cryptoworld become stronger, I am sure all world economic will be shaken mainly banking and financial industries. Ones who hold strong cryptos like BTC and eth and others will win the game. So, keep your bitcoin or cryptocurrency you hold now. You will see 2025 will be owned by cryptocommunities. And the world will change, bankers not to be rich people but cryptocummunity will replace the position.
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June 08, 2017, 04:12:32 AM
 #5

Hello All,

I'm new to crypto but not new to the banking/gov game.

What are you thoughts on the bankers/gov potentially controlling Bitcoin behind the scenes putting on a show oh how they are concerned about it? 

They can print the fiat to buy bitcoins.
Its the electronic money/world currency they are so thirsty for.
The NSA has supposedly a back door to all our devices.

I think if bitcoin is the new banker currency it will explode higher as 7.5 billion people vs 21 million bitcoins means $$$$ to the early holders.
If Bitcoin is the alternative to the bankers/gov then it will explode higher as well due to the high percentage of people who want to be free from them.

Anyone who has attempted to not use the dollar Ghadaffi (gold Dinar) - Saddam (oil for Euros)  have met a swift end. 

Why are they not stopping (possible jail threats) it when they have shown they will go to extreme measures to stop competition.

Either way I see it going higher i'm just trying to get my head around why it has not been stopped. 

Thoughts?
I am not a fan of Bankers working on their Blockchain’s and not supporting the whole Bitcoin network. If those Bankers would have supported Bitcoin and Bitcoin’s Blockchain then the price of Bitcoin would be really expensive. I don’t really know what these Bankers are talking about these days, just a bunch of banter.

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Janation
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June 08, 2017, 04:55:24 AM
 #6

Hello All,

I'm new to crypto but not new to the banking/gov game.

What are you thoughts on the bankers/gov potentially controlling Bitcoin behind the scenes putting on a show oh how they are concerned about it? 

They can print the fiat to buy bitcoins.
Its the electronic money/world currency they are so thirsty for.
The NSA has supposedly a back door to all our devices.

I think if bitcoin is the new banker currency it will explode higher as 7.5 billion people vs 21 million bitcoins means $$$$ to the early holders.
If Bitcoin is the alternative to the bankers/gov then it will explode higher as well due to the high percentage of people who want to be free from them.

Anyone who has attempted to not use the dollar Ghadaffi (gold Dinar) - Saddam (oil for Euros)  have met a swift end. 

Why are they not stopping (possible jail threats) it when they have shown they will go to extreme measures to stop competition.

Either way I see it going higher i'm just trying to get my head around why it has not been stopped. 

Thoughts?

"Thay are printing fiats to buy bitcoin"?, that is ridiculous. So you are saying they can just print money whenever they want? Do you know that the government pays for the money they are printing? And if they print more money, then the value of they're currency will go down, and they won't like that. And they can't control bitcoin, no one does.

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June 08, 2017, 06:36:31 AM
 #7

Hello All,

I'm new to crypto but not new to the banking/gov game.

What are you thoughts on the bankers/gov potentially controlling Bitcoin behind the scenes putting on a show oh how they are concerned about it? 

They can print the fiat to buy bitcoins.
Its the electronic money/world currency they are so thirsty for.
The NSA has supposedly a back door to all our devices.

I think if bitcoin is the new banker currency it will explode higher as 7.5 billion people vs 21 million bitcoins means $$$$ to the early holders.
If Bitcoin is the alternative to the bankers/gov then it will explode higher as well due to the high percentage of people who want to be free from them.

Anyone who has attempted to not use the dollar Ghadaffi (gold Dinar) - Saddam (oil for Euros)  have met a swift end. 

Why are they not stopping (possible jail threats) it when they have shown they will go to extreme measures to stop competition.

Either way I see it going higher i'm just trying to get my head around why it has not been stopped. 

Thoughts?
So, do you think if the bank can be printed the money with ridiculous thing such as to buy bitcoin and make a domination for it? That didn't make sense.

They can't be printed the money every time. because it makes the country gets big inflation due to the massive printed of paper money.

that makes the flat rate will drop a lot.



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June 08, 2017, 07:17:05 AM
 #8

Hello All,

I'm new to crypto but not new to the banking/gov game.

What are you thoughts on the bankers/gov potentially controlling Bitcoin behind the scenes putting on a show oh how they are concerned about it? 

They can print the fiat to buy bitcoins.
Its the electronic money/world currency they are so thirsty for.
The NSA has supposedly a back door to all our devices.

I think if bitcoin is the new banker currency it will explode higher as 7.5 billion people vs 21 million bitcoins means $$$$ to the early holders.
If Bitcoin is the alternative to the bankers/gov then it will explode higher as well due to the high percentage of people who want to be free from them.

Anyone who has attempted to not use the dollar Ghadaffi (gold Dinar) - Saddam (oil for Euros)  have met a swift end. 

Why are they not stopping (possible jail threats) it when they have shown they will go to extreme measures to stop competition.

Either way I see it going higher i'm just trying to get my head around why it has not been stopped. 

Thoughts?
I think at the back end many Banker are buying bitcoin using fiat to have a stakes and then in future has control over bitcoin and crypto currencies. I keep on telling people that the best time to buying bitcoin is now as bitcoin is not even in the bubble yet.
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June 08, 2017, 07:46:53 AM
 #9

Bitcoin is SHA-256  which was made by the NSA
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June 08, 2017, 08:36:32 AM
 #10

The thing is that bitcoin cannot be created beyond the limit of 21 million. To incraese the limit a fork must be done first and if a fork is initiated to create that version of bitcoin where there is no maximum amount, then it's not really bitcoin anymore.

If the NSA does have backdoors to our devices, bitcoin can still have security, as long as you do everything offline. It'll be difficult for bitcoin to survive if the NSA does launch an attack of btc but they don't have any reasno to do so at least yet.

And if the government decides to print fiat to buy bitcoin, then the price of bitcoin will rise and holders will benefit.
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June 08, 2017, 09:09:20 AM
 #11

i am sure that the banker have the power to print fiat but i don't think that they will print more that will be over the plan because if they do this, they only make fiat getting inflasion because there are too many fiat that is available the country and the value of the fiat will be down. if the banker wants to buy bitcoin, i think they can directly buy with their own money in the market exchanges.

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June 08, 2017, 09:24:30 AM
 #12

Hello All,

I'm new to crypto but not new to the banking/gov game.

What are you thoughts on the bankers/gov potentially controlling Bitcoin behind the scenes putting on a show oh how they are concerned about it?  

They can print the fiat to buy bitcoins.
~

Thoughts?

If they print the fiat to buy Bitcoins and would try to buy most of BTC the price would skyrocket to such height that they will run out of paper and paint for the newly printed money. In other words, that's impossible to do and they know it. The only thing they can do to survive in the future world is adopting a crypto which will be convenient for them to use, like Ripple for example, but they can never control Bitcoin.

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June 08, 2017, 12:07:13 PM
 #13

Bitcoin is SHA-256  which was made by the NSA
Bullshit, stop giving them so much credit for things they never were involved, SHA-256 is an algorithm which works by mathematics and has nothing

To do with US national security agency, we know US is an advanced and a technological super power giant but this is different, I'd say they are doing

The opposite of  keeping their people fat and safe if they were actually behind Bitcoin and blockchain technology, if you have doubts then either buy

As many as you can afford to or get out before they come for you  Cool Cool.
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June 08, 2017, 12:54:40 PM
 #14

Bitcoin is SHA-256  which was made by the NSA
Bullshit, stop giving them so much credit for things they never were involved, SHA-256 is an algorithm which works by mathematics and has nothing

To do with US national security agency, we know US is an advanced and a technological super power giant but this is different, I'd say they are doing

The opposite of  keeping their people fat and safe if they were actually behind Bitcoin and blockchain technology, if you have doubts then either buy

As many as you can afford to or get out before they come for you  Cool Cool.

Bitcoin is using the internet which was invented by the US army!!!!

so what? you can use SHA-256 to encrypt everything you want, the mathematic is well known.
banks and govs will wait until they're sure in the success of bitcoin, and then will jump on the train.
and it will be too late to ruin it.
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June 08, 2017, 01:11:21 PM
 #15

Hello All,

I'm new to crypto but not new to the banking/gov game.

What are you thoughts on the bankers/gov potentially controlling Bitcoin behind the scenes putting on a show oh how they are concerned about it? 

They can print the fiat to buy bitcoins.
Its the electronic money/world currency they are so thirsty for.
The NSA has supposedly a back door to all our devices.

I think if bitcoin is the new banker currency it will explode higher as 7.5 billion people vs 21 million bitcoins means $$$$ to the early holders.
If Bitcoin is the alternative to the bankers/gov then it will explode higher as well due to the high percentage of people who want to be free from them.

Anyone who has attempted to not use the dollar Ghadaffi (gold Dinar) - Saddam (oil for Euros)  have met a swift end. 

Why are they not stopping (possible jail threats) it when they have shown they will go to extreme measures to stop competition.

Either way I see it going higher i'm just trying to get my head around why it has not been stopped. 

Thoughts?

"Thay are printing fiats to buy bitcoin"?, that is ridiculous. So you are saying they can just print money whenever they want? Do you know that the government pays for the money they are printing? And if they print more money, then the value of they're currency will go down, and they won't like that. And they can't control bitcoin, no one does.

Exactly my thoughts. That is baloney to start with. No government will do that "printing fiats to buy bitcoin". If they just print fiats it will cause their money useless in society. No banks can control bitcoin, its decentralized, not even a government. That is why nations now are just embracing it otherwise they banned it. While others put enough regulation on bitcoin only.

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freebutcaged
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June 08, 2017, 02:19:22 PM
 #16

Exactly mate they are buying off all the Bitcoins by accumulating slowly but price already increasing because of some smart investors and some

Early adopters refuse to sell them cheap, anyone holding the majority of Bitcoins will simply be the one dictating the markets in the future.

In my believe we shouldn't even sell 1 coin what so ever, we shouldn't even trade it like buying items and goods that has to be done via altcoins.

We should use Bitcoin as an investment network transferring only millions not few bucks now that the code is solid and manipulation is hard.

I just realized how important Bitcoin really is and how could governments take the control? by accumulating the supply.
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June 12, 2017, 09:06:43 PM
 #17

Hello All,

I'm new to crypto but not new to the banking/gov game.

What are you thoughts on the bankers/gov potentially controlling Bitcoin behind the scenes putting on a show oh how they are concerned about it?  

They can print the fiat to buy bitcoins.
~

Thoughts?

If they print the fiat to buy Bitcoins and would try to buy most of BTC the price would skyrocket to such height that they will run out of paper and paint for the newly printed money. In other words, that's impossible to do and they know it. The only thing they can do to survive in the future world is adopting a crypto which will be convenient for them to use, like Ripple for example, but they can never control Bitcoin.
Nowdays they don't really print fiat, moreover, the real fiat is slowly transforming into debit and credit cards, smart devices with payment functions, etc... physical printed money slowly fades away (in a real long period of time). Countries and governments are 'creating' money via the bank system, they rule the banks via the Loan To Deposit ratio (LTD), which means that if a bank has $100 deposit, it can give out e.g. $130 loans to it's clients. So physically it's only $100 that exists, but the bank can give out $130. The bank has created $30 from nothing. The money exits mostly on bank accounts, so there's no need to print a lot of money nowdays.

buwaytress
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June 12, 2017, 09:15:45 PM
 #18

Exactly mate they are buying off all the Bitcoins by accumulating slowly but price already increasing because of some smart investors and some

Early adopters refuse to sell them cheap, anyone holding the majority of Bitcoins will simply be the one dictating the markets in the future.

In my believe we shouldn't even sell 1 coin what so ever, we shouldn't even trade it like buying items and goods that has to be done via altcoins.

We should use Bitcoin as an investment network transferring only millions not few bucks now that the code is solid and manipulation is hard.

I just realized how important Bitcoin really is and how could governments take the control? by accumulating the supply.

If everyone accumulated then it's defeating one of the earliest main purposes of Bitcoin, if not the founding idea of what it was... a p2p digital currency. The more people use it, the better in the long run, no? Otherwise remove all the volume from trading and you have an otherwise useless commodity.

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June 12, 2017, 09:38:13 PM
 #19

We have many rich bitcoin whales. In fact bitcoin is probably controlled by handful of people who were lucky to be early adopters.
The theory that bitcoin is steered by bankers/government/CIA/NSA can't be debunked because there is no way to prove it.
I don't worry about the fact that someone is controlling huge number of BTC - as long as I know that bitcoin network (coins emission) can't be manipulated.


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tristan1960
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June 12, 2017, 10:07:14 PM
 #20

Ouch. That's complicated. First they can never print paper money (fiat) to grab some bitcoin from the market. If they do this, the fiat money gets worthless.
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