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Author Topic: Urgent need for a Bitcoin "assocation"  (Read 908 times)
mrjuice
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September 13, 2017, 02:29:27 AM
 #1

I strongly believe that in order to come off professional Bitcoin's founders and a team of financial professionals should form an "assocation" so they can directly publish statements
against any bad news or any banker labeling Bitcoin as "fraudulent". Right now, I feel like there's not one single person who can be blamed if something goes wrong and this is the exact
reason why lots of people feel uncomfortable buying the Bitcoins. Bitcoin needs a face. Right now, it's not linked to anything. It's too mysterious. I never see any publications whenever there's bad news and
this is not good! What do you guys think about this?
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HabBear
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September 13, 2017, 02:46:57 AM
 #2

What do you guys think about this?

No association. No formality. No governing body. No central control. It all would go against the foundation tenets of Bitcoin. The trade off for that freedom is that there is no single message to refute the FUD or bad press. That's OK. It's the individual adoption of each us that stands up against the negative press. Our individual action gives the community strength.

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September 13, 2017, 02:55:28 AM
 #3

What do you guys think about this?

No association. No formality. No governing body. No central control. It all would go against the foundation tenets of Bitcoin. The trade off for that freedom is that there is no single message to refute the FUD or bad press. That's OK. It's the individual adoption of each us that stands up against the negative press. Our individual action gives the community strength.

This is the answer I would have said also. Anyway, no need to do that apparently. Trying to put bitcoin in a box is a step backward from the original vision of the great Satoshi Nakamoto. Bitcoin became famous and trusted as it is right now. Why try to disrupt the growth with an association? That is trying to reshape bitcoin, which is not good at all.

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September 13, 2017, 02:59:05 AM
 #4

I strongly believe that in order to come off professional Bitcoin's founders and a team of financial professionals should form an "assocation" so they can directly publish statements
against any bad news or any banker labeling Bitcoin as "fraudulent". Right now, I feel like there's not one single person who can be blamed if something goes wrong and this is the exact
reason why lots of people feel uncomfortable buying the Bitcoins. Bitcoin needs a face. Right now, it's not linked to anything. It's too mysterious. I never see any publications whenever there's bad news and
this is not good! What do you guys think about this?

I think it don't need one. Even if you say that it will be a body to " publish statements" for those who label bitcoin as fraudulent, in the end, they will be standing as a government of this currency. Yes in the early stages it will be really smooth, but as the time passes, and a lot of issues being need to resolve, they will be having a decision to form the leaders of this currency and bitcoin will become centralized.

Pearls Before Swine
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September 13, 2017, 03:01:04 AM
 #5

What do you guys think about this?

No association. No formality. No governing body. No central control. It all would go against the foundation tenets of Bitcoin. The trade off for that freedom is that there is no single message to refute the FUD or bad press. That's OK. It's the individual adoption of each us that stands up against the negative press. Our individual action gives the community strength.
Agreed. No, no no.  People can say what they want about bitcoin, but it
doesn't make it true, and 'we' as the bitcoin community have no duty to sway
public opinion.  This is a currency, and 'we' are but users of that currency.  Didn't
there used to be a Bitcoin Foundation that ended up being corrupt as hell?  That's
exactly what would happen, or similar, if it's tried again.  We don't need such a thing
and I vote for no.
taliwang
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September 13, 2017, 03:04:06 AM
 #6

I do not think to hesitate to buy bitcoin. so far bitcoib has provided many advantages, i do not find fraud in bitcoin so the current bitcoin is still popular though many oblique issues about bitcoin ...

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centralbanksequalsbombs
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September 13, 2017, 03:10:23 AM
 #7

What do you guys think about this?

No association. No formality. No governing body. No central control. It all would go against the foundation tenets of Bitcoin. The trade off for that freedom is that there is no single message to refute the FUD or bad press. That's OK. It's the individual adoption of each us that stands up against the negative press. Our individual action gives the community strength.
Agreed. No, no no.  People can say what they want about bitcoin, but it
doesn't make it true, and 'we' as the bitcoin community have no duty to sway
public opinion.  This is a currency, and 'we' are but users of that currency.  Didn't
there used to be a Bitcoin Foundation that ended up being corrupt as hell?  That's
exactly what would happen, or similar, if it's tried again.  We don't need such a thing
and I vote for no.

Have to agree with Habbear, Pearls Before Swine, tailwang above.

When it comes to bitcoin;

China's central authority is becoming irrelevant.

Jamie Dimon is becoming irrelevant (we all see the uneducated irony of his statements today)

All the world's largest banks who have been blocking any disclosed/open bitcoin transactions/businesses since 2013 are irrelevant.

Any attempts of government regulations / legalizations are irrelevant.

Bitcoin hit escape velocity back in 2013 (4 years ago) and has been strengthening ever since. It's 10 year anniversary is not too far away.

Truth is, Bitcoin is secure because of all of its dynamics (decentralized, open-source, immutable, secure, store of value, long established, system-of-balance: miners vs developers vs users). There is no other financial asset on earth (fiat, stocks, gold, or real estate) that can beat the store of value that is Bitcoin.

mrjuice
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September 13, 2017, 03:14:51 AM
 #8

I think that this is the BIG problem of Bitcoin. Sorry to say so but I do not trust it at this point. Too many criminal activity is linked with the association.
Right now, sorry to say, you sound like people who want anarchy. Anarchy is never good. There's always people with bad intentions such as those who are manipulating the value of this coin.
I am afraid that one day very soon we'll wake up and see that Bitcoin will only be worth a fraction of its current value thanks to a Bitcoin run. It's very speculative right now and this anarchy is not great.
The government and especially the banks won't ever allow this too happen. Do you know what would happen if all people who own Bitcoins right now would sell their coins for cash? The whole financial system
would collapse or a lot of ya'll won't ever see any money ever. If you think the banks will be waiting to pay everyone out then I'm sorry bro, that ain't gonna happen. That's the big point. Governing a Bitcoin system
is great. Right now there's no one to blame and it's human nature to find someone to blame for. At least I want to point my finger at someone if something goes wrong. That's the point so I strongly believe a Bitcoin association would be the most logical way and if the majority of owners do not believe in some form of "governing" then I'm afraid a lot of people will never buy the coin and it won't be long before that bubble collapses.
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September 13, 2017, 03:41:28 AM
 #9

Isnt the Bitcoin Foundation the perfect association for the kind of thing mrjuice is trying to say? It was formed to support education, adoption and community enrichment and growth.

If theres an organization that should reply against the stupid statements made by stupid bankers it should the the BF.

A good reply to them would be, whos the fraud and who was bailed out by the government? Bitcoin or the banks?



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September 13, 2017, 03:48:48 AM
 #10

I strongly believe that in order to come off professional Bitcoin's founders and a team of financial professionals should form an "assocation" so they can directly publish statements
against any bad news or any banker labeling Bitcoin as "fraudulent".
no we do not need that.
you are trying to centralize bitcoin and you don't even know it yourself.
a decentralized thing does not need a "face" and even if it had, it wouldn't have mattered! people say what they want, attack bitcoin the same way they like. and those who understand it ignore the shit they say. let them waste their breath.

Quote
Right now, I feel like there's not one single person who can be blamed if something goes wrong and this is the exact reason why lots of people feel uncomfortable buying the Bitcoins.
Good!
because we don't want people who don't understand bitcoin to "invest in it". these types of people are only listening to what random idiots on the internet say and act on it. and those random "idiots" will use this to make money out of them.

you think it is random that negative news only comes out when there is a dip?

I think that this is the BIG problem of Bitcoin. Sorry to say so but I do not trust it at this point. Too many criminal activity is linked with the association.
sorry to be blunt but here is the Door

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September 13, 2017, 03:52:31 AM
 #11

I strongly believe that in order to come off professional Bitcoin's founders and a team of financial professionals should form an "assocation" so they can directly publish statements
against any bad news or any banker labeling Bitcoin as "fraudulent". Right now, I feel like there's not one single person who can be blamed if something goes wrong and this is the exact
reason why lots of people feel uncomfortable buying the Bitcoins. Bitcoin needs a face. Right now, it's not linked to anything. It's too mysterious. I never see any publications whenever there's bad news and
this is not good! What do you guys think about this?
All of what you are expressing goes against what bitcoin stands for, this is going to sound harsh but bitcoin is not going to change just because you do not like it, so take it or leave it, keep your fiat because that is exactly the way it works, bitcoin is something different and it is going to remain like that.

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September 13, 2017, 04:16:11 AM
 #12

Nonsense. Someone invented Bitcoin so where is this person? Why all the mystery? Why being anonymous? Serious grown up people will think this is a speculative bubble kept up by major Bitcoin holders
who are planning to cash out on their Bitcoin as soon as they see there's no other way out. It's growing too fast and the world is not ready for this. You can claim all you want, the price goes up very fast and down very fast which is considered a high-risk investment. I can't believe that you guys are so blind to this. No grandma in the world will ever use this if there is no professional organization. Government is great. Banks are great. There is no better alternative. Anarchy is not the solution. Bitcoin could be a nice way as a digital currency next to the banks but I will never kiss cash money goodbye for some digital nonsense. I want to be able to control my money. At least the bank have offices. Bitcoin will never have offices, never have headquarters, never anything like it if there is no organization. How do you want people to get informed when there is only the internet? What kind of digital freakshow is that? Untrustworthy as hell! Look at the price going down. I believe it will go down to 5 USD very soon. Good luck believing in your bubble!
centralbanksequalsbombs
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September 13, 2017, 06:43:53 AM
 #13

Nonsense. Someone invented Bitcoin so where is this person? Why all the mystery? Why being anonymous? Serious grown up people will think this is a speculative bubble kept up by major Bitcoin holders
<snip>

Educated, mathermatically-minded, Serious grown up people around the world have steadily invested and increased said investments to the tune of over $66 Billion USD equivelent as they see store of value.

Bitcoin is not anonymous, and has no mystery - it is a open blockchain with EVERYTHING RECORDED in an honest open, secured ledger.
Criminals use cash and private shell companies to expense invoices using Big Bank Swift network for wires - most world crime happens via fiat using traditional banks. Sometimes small crimes are committed by complete idiots out in the open to be tracked and found easily via bitcoin. More criminals can be caught if they use bitcoin more instead of cash.

What do you guys think about this?

No association. No formality. No governing body. No central control. It all would go against the foundation tenets of Bitcoin. The trade off for that freedom is that there is no single message to refute the FUD or bad press. That's OK. It's the individual adoption of each us that stands up against the negative press. Our individual action gives the community strength.
Agreed. No, no no.  People can say what they want about bitcoin, but it
doesn't make it true, and 'we' as the bitcoin community have no duty to sway
public opinion.  This is a currency, and 'we' are but users of that currency.  Didn't
there used to be a Bitcoin Foundation that ended up being corrupt as hell?  That's
exactly what would happen, or similar, if it's tried again.  We don't need such a thing
and I vote for no.

Have to agree with Habbear, Pearls Before Swine, tailwang above.

When it comes to bitcoin;
China's central authority is becoming irrelevant.
Jamie Dimon is becoming irrelevant (we all see the uneducated irony of his statements today)
All the world's largest banks who have been blocking any disclosed/open bitcoin transactions/businesses since 2013 are irrelevant.
Any attempts of government regulations / legalizations are irrelevant.
Bitcoin hit escape velocity back in 2013 (4 years ago) and has been strengthening ever since. It's 10 year anniversary is not too far away.

Truth is, Bitcoin is secure because of all of its dynamics (decentralized, open-source, immutable, secure, store of value, long established, system-of-balance: miners vs developers vs users). There is no other financial asset on earth (fiat, stocks, gold, or real estate) that can beat the store of value that is Bitcoin.

A globally scarce financial asset is above $66Billion and still considered tiny and newly emerging.

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September 13, 2017, 07:00:23 AM
 #14

I think the idea is good, but placing power in one place isn't very good and will drag Bitcoin down, unfortunately.

The idea of Blockchain and Bitcoin is to place more power and more control in the hands of the users - the people.

Its up to the community and its users to make this happen, not the founders or the creators.
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September 13, 2017, 07:06:47 AM
 #15

If you want an association, formality, or legalize bitcoin, why don't you suggest us to make bitcoin no longer as a crypto currency but as a fiat currency? such as dollar, yuan, yen, ruble, etc? Cheesy No, we don't need that Roll Eyes



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orions.belt19
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September 13, 2017, 07:18:19 AM
 #16

What do you guys think about this?

No association. No formality. No governing body. No central control. It all would go against the foundation tenets of Bitcoin. The trade off for that freedom is that there is no single message to refute the FUD or bad press. That's OK. It's the individual adoption of each us that stands up against the negative press. Our individual action gives the community strength.

This is the answer I would have said also. Anyway, no need to do that apparently. Trying to put bitcoin in a box is a step backward from the original vision of the great Satoshi Nakamoto. Bitcoin became famous and trusted as it is right now. Why try to disrupt the growth with an association? That is trying to reshape bitcoin, which is not good at all.

I had the same thoughts while I was reading the OP - that creating an association would defeat the purpose of Bitcoin's decentralization. Some people have invested and used Bitcoin precisely for this reason, because it is decentralized. The creation of an association allow a group of individuals to control and regulate Bitcoin. Bitcoin's "mysteriousness" is a reason why some people choose to buy it. I don't think it needs a "positive association" for it to attract more users and investors, but the different characteristics it has simply makes it worth investing.

Maybe you're looking at wrong place because I've been seeing publications that are both good and bad - in fact, Bitcoin's popularity has been continually increasing.

AGD
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September 13, 2017, 07:20:25 AM
 #17

Nice idea: Centralize a decentralized system.
 Cheesy

My ignore list here: https://bitcointalk.org/index.php?topic=1652334.0 +++ GPG Public key FFBD756C24B54962E6A772EA1C680D74DB714D40 +++ http://pgp.mit.edu/pks/lookup?op=get&search=0x1C680D74DB714D40
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September 13, 2017, 09:36:05 AM
 #18

I strongly believe that in order to come off professional Bitcoin's founders and a team of financial professionals should form an "assocation" so they can directly publish statements
against any bad news or any banker labeling Bitcoin as "fraudulent". Right now, I feel like there's not one single person who can be blamed if something goes wrong and this is the exact
reason why lots of people feel uncomfortable buying the Bitcoins. Bitcoin needs a face. Right now, it's not linked to anything. It's too mysterious. I never see any publications whenever there's bad news and
this is not good! What do you guys think about this?

I would think that the Bitcoin Foundation already exists for this purpose, to educate the public and advocate for policies that advance Bitcoin and the technologies behind it.

I don't think that that group, or any group, should "control" Bitcoin or be a single point of "blame" (or credit, for that matter) as you suggest.  The decentralized nature of Bitcoin IS its strength.  Some may find that unsettling, that's for sure.  But that's exactly why it has such power.  That's really what is unsettling to them -- the redistribution of power.

The ultimate disruptive paradigm.
No central point of control.
No central point of failure.
No central point of success.
No effective way to "stop" it.
Consensus based "governance" built into the software.  In effect, miners signaling BIP activation could be compared to votes on the Fed.

I'm sure when paper money was invented, as IOUs on gold that were placed on deposit (if I recall my monetary history correctly), that was unsettling for some people too.

People don't have to transact Bitcoin if they don't want to.  There are many lesser alternatives, lol.

Visit https://www.btric.org to learn more about Blockchain Technology Research Innovations Corporation, a 501(c)(3) public charity devoted to incubating projects that help bring about the Decentralization Revolution!
vintages
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September 13, 2017, 09:56:05 AM
 #19

What do you guys think about this?

No association. No formality. No governing body. No central control. It all would go against the foundation tenets of Bitcoin. The trade off for that freedom is that there is no single message to refute the FUD or bad press. That's OK. It's the individual adoption of each us that stands up against the negative press. Our individual action gives the community strength.
You made a very vivid point. If bitcoin is been caged on centralized, then I believe it wont be spread evenly. We will have a situation where a group of powerful people will store almost half of the world bitcoin. So I say decentralization is perfect...

mobnepal
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September 13, 2017, 10:30:32 AM
 #20

Bitcoin should never practice that and if you would like to have some form of foundation or organization actively promoting bitcoin than you can buy bitcoin cash which is backed by few billionaires or ethereum, vitalik still hold larger portion of ETH in the name of Ethereum foundation and they can hard fork the network whenever they like. Similar practice can't do good to bitcoin...

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