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Author Topic: Urgent need for a Bitcoin "assocation"  (Read 908 times)
rescue141x
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September 13, 2017, 10:41:03 AM
 #21

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.

Seeing how China tanked Bitcoin about $600 themselves, right now they are still very much involved and will continue to be involved and not "irrelevant"
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aeternus
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September 15, 2017, 03:34:00 AM
 #22

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!
Dude if you think that your ideas are so much better then fork bitcoin with all the characteristics you like and see if the market agrees with you, if your product is so much better then people are going to use it, but I’m going to tell you almost no one that understands bitcoin is going to use your centralized bitcoin clone.

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September 15, 2017, 04:01:41 AM
 #23

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

Jamie Dimon's comments give Bitcoin credibility. A year ago (hell 6 months ago) this guy would never have made a comment on Bitcoin. Bitcoin wasn't relevant. It wasn't worth his time. Now he's trying to divert the attention of the masses back to stocks. It's fun to watch.

aeternus
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September 19, 2017, 04:35:27 AM
 #24

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.

Seeing how China tanked Bitcoin about $600 themselves, right now they are still very much involved and will continue to be involved and not "irrelevant"
China is not irrelevant but still bitcoin recovered quite quickly too, that is just the way the bitcoin market moves, some other market will move very slowly and will crash for weeks and months and will take a lot of time to recover but that is not the case with bitcoin.

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September 19, 2017, 04:52:39 AM
 #25

Having no central body to publish statements might seem to be a drawback for bitcoin progress,but bitcoin is a decentralized currency and it has survived these much days mainly due to its decentralized nature.Already we saw,some miners didn't agree for segwit activation for a ong time and it became a serious issue.So,if there is an association formed with a group of people authorised to publish officially about bitcoin,then it would create unwanted issues.They might try to impose their own ideas about bitcoin for their own profits.Just what we have to do is to be aware about happenings in the bitcoin world and not to become victims of FUD.
yojodojo21
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September 19, 2017, 05:00:29 AM
 #26

So do you think that it is better having a face of bitcoin?

Have you ever understand the word bitcoin?

Nobody owns bitcoin.

So, if ever it falls down or goes up nobody should be blame and be interviewed.

Frauds are just, nonsense talk about, because they don't have enough knowledge.

Therefore, frauds poster just want to have a new topic to be tackled about.

Which is also good. For question and answering.

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September 19, 2017, 11:57:34 PM
 #27

Having no central body to publish statements might seem to be a drawback for bitcoin progress,but bitcoin is a decentralized currency and it has survived these much days mainly due to its decentralized nature.Already we saw,some miners didn't agree for segwit activation for a ong time and it became a serious issue.So,if there is an association formed with a group of people authorised to publish officially about bitcoin,then it would create unwanted issues.They might try to impose their own ideas about bitcoin for their own profits.Just what we have to do is to be aware about happenings in the bitcoin world and not to become victims of FUD.
It is reality that bitcoin is popular across the world due to his nature of decentralization and due to this feature people like it very much and believe in it. I think bitcoin doesn’t need any association because it is safe and can fight against speculations and propaganda. I think decentralization feature of bitcoin is enough for enemies of bitcoin because due to this feature no one country or person can approach bitcoin’s system.


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September 21, 2017, 10:01:22 AM
 #28

Nice idea: Centralize a decentralized system.
 Cheesy
This is what I suspected to be happening in the future but not this soon. I don't like the idea, actually I hate it but sooner or later an association is going to take place and then everything will be as good as over. I don't want to become a part of a centralized digital economy system and I wish it never happens. All the issues can be resolved without an association also.

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September 21, 2017, 10:08:31 AM
 #29

I agree to this. In fact this would be a good chance to gather Bitcoin investors or users personally and discuss Bitcoin in a formal manner. It will be an avenue for.l everyone to learn better about Bitcoin and be able to share knowledge to others. Although we already have forums like this, an association that meets in a gathering will also bring connection to people and members will be able to build their network as well.

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September 21, 2017, 10:12:03 AM
 #30

As Op mentioned an association will help overcome issues as well reveal statements when someone tries to evade giving false information. Same time if such an authority is created, automatically the control goes into their hands. For this reason it's good to have it same as the present to function independently.

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September 26, 2017, 05:19:29 AM
 #31

Having no central body to publish statements might seem to be a drawback for bitcoin progress,but bitcoin is a decentralized currency and it has survived these much days mainly due to its decentralized nature.Already we saw,some miners didn't agree for segwit activation for a ong time and it became a serious issue.So,if there is an association formed with a group of people authorised to publish officially about bitcoin,then it would create unwanted issues.They might try to impose their own ideas about bitcoin for their own profits.Just what we have to do is to be aware about happenings in the bitcoin world and not to become victims of FUD.
Bitcoin model is completely new so we do not know the limitations that it has especially since the community is still small compared to what we think we may reach however I agree with you this seems to be a limitation of bitcoin but unfortunately it does not seem that this is something that bitcoin can be improved upon.

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September 26, 2017, 05:37:18 AM
 #32


It's not necessary to have an association, I understand the desire to have a uniform response or public relation of some sort but the community should be free of being funneled into one form of thought process. The community we have now is strong and resilient as it is so we just need to wait the storm clears and improve and develop Bitcoin further.

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September 26, 2017, 05:40:50 AM
 #33

Nice idea: Centralize a decentralized system.
 Cheesy
This is what I suspected to be happening in the future but not this soon. I don't like the idea, actually I hate it but sooner or later an association is going to take place and then everything will be as good as over. I don't want to become a part of a centralized digital economy system and I wish it never happens. All the issues can be resolved without an association also.

I thought my smiley was showing the ironical intend, but it obv. didn't.

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September 26, 2017, 06:05:52 AM
 #34


It's not necessary to have an association, I understand the desire to have a uniform response or public relation of some sort but the community should be free of being funneled into one form of thought process. The community we have now is strong and resilient as it is so we just need to wait the storm clears and improve and develop Bitcoin further.
well for me we will just needed to go with the flow, things like this isn't needed as long as you now how to take the risk no one force us to invest so with
current issue raise up we alone should take care of our actions and associations with same thoughts about the problem should or can be consider but
either way its still our own decision to make.

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September 28, 2017, 03:34:06 PM
 #35

Having no central body to publish statements might seem to be a drawback for bitcoin progress,but bitcoin is a decentralized currency and it has survived these much days mainly due to its decentralized nature.Already we saw,some miners didn't agree for segwit activation for a ong time and it became a serious issue.So,if there is an association formed with a group of people authorised to publish officially about bitcoin,then it would create unwanted issues.They might try to impose their own ideas about bitcoin for their own profits.Just what we have to do is to be aware about happenings in the bitcoin world and not to become victims of FUD.
Bitcoin model is completely new so we do not know the limitations that it has especially since the community is still small compared to what we think we may reach however I agree with you this seems to be a limitation of bitcoin but unfortunately it does not seem that this is something that bitcoin can be improved upon.
Yeah the newness of bitcoin has hided some important or maybe satisfactory components. I am against this association making because if this happens, people will becoming holders of this bitcoins formations and regulations.

And that is, you all know, against the natural behavior of bitcoins. So no need to form an association. It will cause bad effect at the end of the day.

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September 30, 2017, 09:46:28 PM
 #36

Having no central body to publish statements might seem to be a drawback for bitcoin progress,but bitcoin is a decentralized currency and it has survived these much days mainly due to its decentralized nature.Already we saw,some miners didn't agree for segwit activation for a ong time and it became a serious issue.So,if there is an association formed with a group of people authorised to publish officially about bitcoin,then it would create unwanted issues.They might try to impose their own ideas about bitcoin for their own profits.Just what we have to do is to be aware about happenings in the bitcoin world and not to become victims of FUD.
Bitcoin model is completely new so we do not know the limitations that it has especially since the community is still small compared to what we think we may reach however I agree with you this seems to be a limitation of bitcoin but unfortunately it does not seem that this is something that bitcoin can be improved upon.
Yeah the newness of bitcoin has hided some important or maybe satisfactory components. I am against this association making because if this happens, people will becoming holders of this bitcoins formations and regulations.

And that is, you all know, against the natural behavior of bitcoins. So no need to form an association. It will cause bad effect at the end of the day.
I’m against this as well, decentralization is what has allowed bitcoin to survive this long if there is a centralization of the speech of bitcoin then it is going to become very easy to use censorship against it, so I like the fact that every single person in bitcoin has their own voice since that means that it is impossible to censor all of us.

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September 30, 2017, 10:05:44 PM
 #37

I think forming a bitcoin association is a good idea, but we need to consider its existence, whether it will have more or less of a positive impact. in my own country there is a bitcoin association community set up for the purpose of ensuring a positive development for Bitcoin and Blockchain Technology here, in line with government rules in my country. this group was formed to discuss, promote, and protect the common interests related to the development of Bitcoin and cryptocurrency here.
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October 05, 2017, 05:11:46 AM
 #38

This is what happens, when idiots form a Bitcoin Association:

https://twitter.com/_jonasschnelli_/status/915592927853686789

Quote
The Bitcoin Association Switzerland has obviously lost his mind by accepting a talk of fraudster Craig S. Wright?

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October 05, 2017, 06:04:49 AM
 #39

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 don't think we need this kind of "association" , the bitcoin community is the association that will handle these kind of "BAD" news and don't you agree that with these FUD inducing articles a lot of WEAK HAND / WEAK HOLDERS are no longer in the bitcoin community? . As for me it is basic that you know what is a legit FUD article or news, and you must know the status of community rearding bitcoin before believing on this kind of news, one way to create more holders weak or not is advertisement and also word of mouth would also help to advertise Bitcoin.

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jseverson
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October 05, 2017, 07:33:18 AM
 #40

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!

Your original post say that you want Bitcoin to have a face. This post says you basically want a governing body. They're completely different.

First, what would having a face for Bitcoins do? Whoever that would be, or no matter what group you form for that purpose, they will have no powers over Bitcoins and its holders. Are you saying you want a statement to come from someone with absolutely no control over the situation whenever things are looking gloomy? That's going to be what it is. You might as well ask a random person on this forum, and they'd be able to do the exact same thing your association would: nothing.

Bitcoin is designed in such a way that it's decentralized. This literally means no entity can control it in its entirety, and there's nothing you can do about it. Believe it or not, you have more control over your Bitcoins than you do with your fiat. You're literally responsible for everything you do, and you don't even need a third party entity to hold it for you. The drawback, of course, is that if you mess up, then there would be no one to clean up after you.

If you don't like the way it currently is, then by all means, you are more than welcome to take a look at the myriad of available altcoin options.

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