Bitcoin a political coin

[MBworld]

We have been experiencing lots of up n down , contradictions on bitcoin scaling solution  .. even Dev teams are not united , forget about miners, in addition big whales hv their own gang and their positions on fork , or pre/post fork ..

do you think Bitcoin is victim of bad politics or became a political coin .. ?

[Kakmakr]

Money and power goes hand in hand and Bitcoin is money. Money also bring out one of the worst behaviour in humans : GREED
and GREED is the one thing that makes people crazy. Since the beginning of this experiment, people have tried to take control of it. People like Mike Hearn / Jihan / Roger Ver / Gavin / Craig W and lots more.

Governments banned the technology and Alt coin developers have copied the technology. Banks are trying to create their own private version of it.

We have GREEDY people fighting for control. This will never end, because people are driven by GREED. ^grrrrrrrr^

[iamTom123]

You said it well. We have the same feeling on things going right now. It seems to me that people responsible with Bitcoin are the most disunited kind of people as they are independently pursuing what can be the best for their own self-vested business concerns. It is becoming so sad that it has been proven that they could not sit down and unite on many issues and even after there is an agreement there are people who are not inclined to respect the said agreement.

These people are really manifesting one of the weaknesses of the human race: THAT inability to see beyond oneself and decide even just for once the best for Bitcoin which in the first place is the one giving them the avenue to earn money. There are people who prefer to rock the boat they are on for their own reasons.

This kind of tilted arrangement where only a few people are given that power to decide for themselves what can happen for the whole Bitcoin network is something I don't like about Bitcoin. It is decentralized yet we are giving a circle of people that deciding power...isn't that something a misnomer in itself?

[Kumarodus]

I am not sure where this assertion is coming from. But I have a strong conviction that bitcoin has a universal appeal.

It's usage cuts across national boundaries and cultures and ideologies.

[illyiller]

I am not sure where this assertion is coming from. But I have a strong conviction that bitcoin has a universal appeal.

It's usage cuts across national boundaries and cultures and ideologies.

Yes, but it still suffers from politicization, polarization and ossification of the protocol. Any network / protocol that becomes widely used and successful over time will have stakeholders. In this case, miners and services (wallets providers, exchanges, payment processors, marketplaces, etc) launched their businesses and over time, their interests became entrenched. This is how protocol ossification happens.

For instance, Bitpay has built their entire business around on-chain payment processing. That means they need cheap fees. The cheaper the fees, the more money they can expect to make. So, it's no surprise that we see them pushing for hard forks that are easy for them to implement, but very messy (politically) for the entire network to agree upon.

[GreatOrchid]

Yes of course that there is a lot of political influencement over bitcoin, everytime that there is a big dump or pump it is because of news from governments and big banks, and it is all about politicians and those greedy powered people who are important.
And it has been manipulated by them during the last time, i would not be shocked if bitcoin goes down by a lot of money because a big notice from any government, because it has been happening for months.

[amzad]

Bitcoin is very popular now. Yes it is in fact connected with politics. Bitcoin has no negative or negative impact on politics. It is good news for the country.

[lazygin001]

Anything that makes big money, with more people involved they are going to try hard and make the most out of it for themselves. It is just how this world works.

[8270thNinja]

We have been experiencing lots of up n down , contradictions on bitcoin scaling solution  .. even Dev teams are not united , forget about miners, in addition big whales hv their own gang and their positions on fork , or pre/post fork ..

do you think Bitcoin is victim of bad politics or became a political coin .. ?

Manipulative forces on certain "phenoms" are always emerging. Bitcoin is a phenomenal coin for us and also a ground breaking technology that brought new solutions to record keeping problems. With the dev team current problem, i really think that bitcoin is a victim of bad politics and also the greed of the big people that presses the dev team.

[Yakamoto]

We have been experiencing lots of up n down , contradictions on bitcoin scaling solution  .. even Dev teams are not united , forget about miners, in addition big whales hv their own gang and their positions on fork , or pre/post fork ..

do you think Bitcoin is victim of bad politics or became a political coin .. ?

Bitcoin is only a victim of whatever people want to do with it, that's the nature of something that is completely decentralized. The only way that it can be fixed is by having people either come together and compromise, or having a few or a single power decide everything which is in their own best interest. There is nothing that can be done about bad politics, only poor cooperation. And cooperation comes in many forms, such as, like I said, single powerhouses or multiple powers working together for their own interests.

[centralbanksequalsbombs]

We have been experiencing lots of up n down , contradictions on bitcoin scaling solution  .. even Dev teams are not united , forget about miners, in addition big whales hv their own gang and their positions on fork , or pre/post fork ..

do you think Bitcoin is victim of bad politics or became a political coin .. ?

Bitcoin is only a victim of whatever people want to do with it, that's the nature of something that is completely decentralized. The only way that it can be fixed is by having people either come together and compromise, or having a few or a single power decide everything which is in their own best interest. There is nothing that can be done about bad politics, only poor cooperation. And cooperation comes in many forms, such as, like I said, single powerhouses or multiple powers working together for their own interests.

Exactly.

Satoshi left a text message in the first mined Bitcoin block which reads 'The Times 3 January 2009 Chancellor on brink of second bailout for banks'. The text refers to a headline in The Times published on 3 January 2009.

What do you think this means?

[CryptosapienZA]

We have been experiencing lots of up n down , contradictions on bitcoin scaling solution  .. even Dev teams are not united , forget about miners, in addition big whales hv their own gang and their positions on fork , or pre/post fork ..

do you think Bitcoin is victim of bad politics or became a political coin .. ?

You are in on the money. The scaling debate is both political and ideological. Unfortunately we live in a gang mentally world. Instead of solving issues we spend a lot of time shoot each other. Even now the proposed solutions are temporary. I just wish the noise would stop so we can start looking at real problems. We have known about the scaling problem for way too long to still be debating.

[SmartMesh]

In short, it's clear the Chinese government wants to foster international trade under its own terms and end the financial, economic and political hegemony of the U.S.

[TagaMungkahi]

That's it. It is becoming a political coin with this greediness of some unknown forces which may be a Government trying to centralized the Bitcoin industry . There is a problem on the core of the Dev team. As of now, Bitcoin have been changed through out the years from first the community alone but now it is changed more on how it will be used by large corporations. The bitcoin community (some of them and also the DevTeam) have been argued that they dont want the november fork because it is not needed but what happened? It is still scheduled to happen. The Core should reconnect to it's roots and that is the community.

[ajmapalo22]

Probably, because bitcoin is very independent that it can stand alone in the market without no one controlling it. This is the main reason why the government doesn't like the idea of crypto currencies because of this they will lose control over money and if time comes that full adaptation and acceptability of bitcoin will be established in most countries chances are their economy will no longer control by their government.

[krauzzer02]

I think bitcoin is just a victim coin that just being used repetitive by their greediness and selfishness agenda just to have more profit, power, and control over the market of the digital currency, that is the nature of the human to begin with. doing everything and anything they can even it is beneficial or harmful to the society and its people just to gain dominance and control over to it. the Banks, Government, Big, Powerful and Richest person has one thing to their mind and that is to have the best chess piece and manipulate it.

[Jonsnowstark]

Knowing that bitcoin would entail money, it will not only attract politicians but many other people and can be used in ways they know how. We cannot really say it is for politics. Many ordinary people benefit from it too.

[lance04]

Bitcoins can possibly be a political coin. Because of the people who wants power, people who want to take control of the world which is greed.

[Jaya912]

I know everything in the world is under politic. Government make news and retail trader decide to pump and dump bitcoin. Most likely politic is behind the bitcoin to make volatile price of bitcoin.

[webtricks]

We have been experiencing lots of up n down , contradictions on bitcoin scaling solution  .. even Dev teams are not united , forget about miners, in addition big whales hv their own gang and their positions on fork , or pre/post fork ..

do you think Bitcoin is victim of bad politics or became a political coin .. ?

This isn't a bad politics but the drawbacks of current Bitcoin Blockchain due to large adoption which weren't thought during its inception.
But as evolution is the rule of hierarchy, we shouldn't worry about its future. The numerous fork announced every other month is nothing but a try to invent something out of Bitcoin, better than Bitcoin.
As soon as community will get something better, it on the whole will shift to new chain and problem will solve evidently.