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Author Topic: Lets fight the FUD together  (Read 2276 times)
Bolt Brownie (OP)
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February 24, 2018, 09:29:56 PM
 #41


Thanks a lot for these articles. I hadn't seen them yet, and they surely look quite positive. They say that because of this, Venezuela is now the first country to recognize crypto-coins as a legal coin, but I actually thought Japan already did it, since they recognize bitcoin as legal tender. I guess those are different things.

Anyway thank you for the links as usual, they have been quite helpful and informative. I will link them to the OP.

I actually have two I would like to share. One is just a confirmation that Coinbase is finally going to integrate segwit, but now it seems that is definetely coming, since they say they are done with the tests, and it should happen in the next weeks. I also enjoyed reading that they will be committed to integrate LN as well, as soon as it's possible, because in a few months back, I heard that they wouldn't be able to do it, because of licenses.
Here is the link: https://cointelegraph.com/news/coinbases-gdax-exchange-introduces-full-segwit-support

The next one, is just a follow through. We saw recently that the Arizona state was possibly going to accept crypto as a form to pay taxes, and now Arizona state is doing the same as well. In the article they say that maybe this is not a good thing, in terms of taxes itself, but I do think it's a good think in terms of recognizing BTC as a payment method, and that is important.

Here is the link: https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses
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February 24, 2018, 09:38:40 PM
 #42

Today I came across another article damning the Bitcoin fees titled "Is Bitcoin getting better, and for five year-olds?"

What ticks me off about that is we just had news earlier this week about SegWit adoption across exchanges and more and more people adding Lightning network nodes. Clearly Bitcoin is still making progress but for some reason those authors are giving up on it.
Bolt Brownie (OP)
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February 24, 2018, 11:09:49 PM
 #43

Today I came across another article damning the Bitcoin fees titled "Is Bitcoin getting better, and for five year-olds?"

What ticks me off about that is we just had news earlier this week about SegWit adoption across exchanges and more and more people adding Lightning network nodes. Clearly Bitcoin is still making progress but for some reason those authors are giving up on it.

Although I didn't read the article, because you forgot to post the link, I would say that is probably a fud article or at least an attempt to keep people uninformed (at least if it's a recent one). Fees can get a lot lower of course, but it's just stupid to complain about the fees right now, because they are very low right now, specially if we compare them to where they were a few months back. We now have 7681 Unconfirmed Transactions (by the time of this post), so the pool is practically empty, meaning that fees should be low.

With segwit adoption, we will get even better, so complaining about fees doesn't make any sense right now.
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February 26, 2018, 11:50:25 AM
Last edit: February 26, 2018, 12:03:24 PM by u9y42
Merited by Bolt Brownie (1)
 #44

Hmm, maybe you could add a couple of these to the "positive news" category:



EDIT: ah, I see the bit about Georgia was already mentioned. Smiley
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February 27, 2018, 11:19:22 AM
 #45

Hi u9y42 thanks for sharing. I was aware of the pizza news, and it's quite interesting because of the "history" and "mean" it carries. I do hope that this is comes back to us in a few years from now, just like the purchase of the other two pizzas for 10k bitcoin did.

I need to see the rest of the links carefully, but I don't quite have the time right now, so I didn't add anything to the main post yet. I did check the link with the number of nodes and channels in the Lightning Network in real time, and that was pretty cool. I will definitely add that one for sure. Thanks for sharing!
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February 27, 2018, 11:27:21 AM
 #46

oh yes lets fight FUD as they call bad news around here and we can start with
https://www.rt.com/business/419901-satoshi-sued-cryptocurrency-theft/

Quote
Craig Wright, the man who claimed to be the inventor of bitcoin, has been sued for stealing $5 billion worth of cryptocurrency from his business partner.
Wright, who claimed in 2016 that he had created bitcoin under the pseudonym Satoshi Nakamoto, has allegedly participated in a joint bitcoin-mining venture with the now-deceased IT consultant, Dave Kleiman.

And then move on to the Lightning Network being a system of banker hubs
https://www.youtube.com/watch?v=UYHFrf5ci_g

Tell me OP was you not telling people to "Buy on the Dip" when Bitcoin was last at $18,000 because a lot of that
type of FUD was flying around here last month you know.
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February 27, 2018, 11:49:35 AM
 #47

FUD is everywhere and you can fight it by not believing it instantly. There are many eye-catching headlines that makes people readily turn their attention. FUD, as we already know is a kind of disinformation strategy to influence perception by dessiminating negative or false information to spread fear and confusion. Better to read the whole story rather than the headlines first will make things clear. If the story is dubious, verify its source.

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February 27, 2018, 12:03:09 PM
 #48

before trusting fud, we better find the right reference so as not to get trapped by that fud.because in futures will more and more fud that will informed in market.

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February 27, 2018, 12:15:47 PM
 #49

We can never stop fud there will always be reasons why people want to demonise bitcoin but their main motivation will be to protect their own interests in fiat.

I'm sure many well off investors would have taken the opportunity to buy in the last couple of months with a dip. The only thing that we can do is to not believe the FUD until there is serious backup to statements.

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February 27, 2018, 12:18:48 PM
 #50

FUD is the principle reason of the bitcoin crash. As we have seen bitcoin price has hugely decreased from 20k to 10k  fud is one of those reasons so we should stop acting this way..

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February 27, 2018, 12:19:19 PM
 #51

I like to trade, so I do check the price regularly, and although I don't get emotional during my trades, I do get a little sad when I'm not trading and I have time to think about how the crypto markets react to fake news.

True facts:
- Even though the lightning network is still in "beta", the number of LN nodes in the main net is increasing, and they have open channels running on them, with real transaction being made.
- Even if we disregard the LN (since it's still in beta), the fees are lower again, and the network is doing better (hopefully segwit will get more adoption, and exchanges like coinbase will batch their transactions, and BTC will be usable again, until LN is complete).
- Square Cash App now accepts BTC, so merchants that use it as a payment system will be able to accept BTC as payment.
- Robinhood will add BTC as well; Sberbank (on of the largest state banks in Russia) is planning on opening an exchange. So it will be easier to buy BTC
- Samsung is now making Cryptocurrency mining chips
- We already have some stores accepting BTC as payment. (Check this thread). Thank you gambitcoin53 for posting that.
- A good article that gives us a glimpse on how our society could be after decentralization (Here) Thank you dado7 for sharing.
- Coinbase is finally making the implementation of segwit a development priority (Here)
- SEC and CFTC Hearing was positive (Here) and (Here)
- 50 Luxury Flats sold for Bitcoin In Dubai (Here)
- Arizona State passes a bill to allow it's citizens to pay their taxes with BTC (Here)
Check this post dado7, showing us some positive news from Venezuela from (Here)

FUD:
- Tether scam (could be true, but look at tether marketcap, and look at BTC marketcap). How can anyone say that BTC price is up because tether printed tokens out of thin air to pump BTC price? It would not have a big impact...
- China cracking mining... (just rumors, and probably fake). If mining was at risk do you think Samsung would get involved in mining?
- South Korea ban... (fake news, as I hope you all know already. They will only regulate it, probably using something similar to NY’s BitLicense link here)
- India making BTC illegal... (more fake news, they just said they want to crack down illegal activities that use bitcoin and not BTC itself)
- Facebook banning adds (actually a positive thing in my opinion, because it might help decrease the number of uninformed investors that enter the market, that click on those adds looking for profit, and then get scammed. We want investors with strong knowledge about Bitcoin and crypto, because those will not follow FUD or FOMO)


Bitcoin is evolving, we have real and positive news, and we have some bad fake news, or news that simply aren't relevant.
What do the markets do? They crash...

Help me fight the FUD, and post links with some positive news that you think are important for bitcoin, and help me fight FUD, by exposing fake news.
Bitcoin is a breakthrough technology. But it needs improvement so that it is not left behind. Any ideas on this?  Huh
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February 27, 2018, 01:34:28 PM
 #52

before trusting fud, we better find the right reference so as not to get trapped by that fud.because in futures will more and more fud that will informed in market.

That's not going to be entirely possible since many people would only have to hear a headline before panicking. It would be nice if all btc holders would take the time to study their investments first but fud can spread like wildfire because people are not educated enough.

 
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February 27, 2018, 02:37:05 PM
 #53

We can never stop fud there will always be reasons why people want to demonise bitcoin but their main motivation will be to protect their own interests in fiat.

That knife cuts both ways remember and here the edge has been blunted on one side of the blade using a system of
censorship and bans on account with a loaded system of merits.

Take a look here for example for a dose of reality
https://www.rt.com/business/419901-satoshi-sued-cryptocurrency-theft/
or maybe here https://www.zerohedge.com/news/2018-02-27/self-proclaimed-bitcoin-inventor-craig-wright-sued-5-billion

Lets fight the FUD together sounds more like "Lets fight the FUD truth together" if you care to take on board
what others are saying on sites that are not dedicated to promoting Bitcoin

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February 28, 2018, 02:00:56 PM
 #54

oh yes lets fight FUD as they call bad news around here and we can start with
https://www.rt.com/business/419901-satoshi-sued-cryptocurrency-theft/


Thanks for spamming the same information 3 times on the same day. I don't really see how that piece of information affects bitcoin in any way.
Craig Wright is not a bitcoin supporter for a long time. He is known in the community as the "fake Satoshi", and I guess that says a lot about him. Also, we all know he wanted to go for the segwit2x, so like I said, he parted ways with bitcoin a long time ago, and just follows his own personal interests.

And then move on to the Lightning Network being a system of banker hubs
https://www.youtube.com/watch?v=UYHFrf5ci_g

For this I suggest you to see this videos from Andreas. For me it makes much more sense what he is saying, but maybe you think differently. You have the right to your opinion of course.
https://www.youtube.com/watch?v=c4TjfaLgzj4

Tell me OP was you not telling people to "Buy on the Dip" when Bitcoin was last at $18,000 because a lot of that
type of FUD was flying around here last month you know.

Lets fight the FUD together sounds more like "Lets fight the FUD truth together" if you care to take on board
what others are saying on sites that are not dedicated to promoting Bitcoin

I don't really recall saying that, and it doesn't really seem like something I would say, because I don't follow FOMO either. I gather information, and I make my own decisions. I believe in bitcoin potencial, and I buy more every time I can. I don't usually tell people to buy it based on price, because I don't want soft hands on the market. I tell people to learn it's fundamentals, and then decide what they want to do. That's how investment should be done.

As for "FUD = truth" like you said... well you have the right to your opinion. A lot of the news presented in this thread, on the FUD section are just plain fake. Others don't influence bitcoin in my opinion. People can read it and think for themselves. That's all I want.

Thanks for sharing your links.
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February 28, 2018, 02:08:43 PM
 #55

You cannot control FUD thing it is part of crypto industry to take advantage of weak ones and newbies. Accept the fact that only giant investors can control the market

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February 28, 2018, 02:09:53 PM
 #56

I agree. There is enough fud coming from the media and corporations as it is.
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March 01, 2018, 05:16:36 AM
 #57

FUD is all over the place and you can battle it by not trusting it right away. There are numerous eye-getting features that makes individuals promptly turn their consideration. FUD, as we definitely know is a sort of disinformation methodology to impact observation by scattering negative or false data to spread dread and disarray. Better to peruse the entire story as opposed to the features first will make things clear. On the off chance that the story is questionable, check its source.
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March 01, 2018, 05:28:35 AM
 #58

I see some people complaining about high fees, care to explain this : https://unblock.net/bitcoin-adoption-soars-africa-wake-increasingly-volatile-fiat-currencies/ <They are mostly 3rd world, so high fees will influence them more>

We are even faster than SWIFT, Credit cards and Western Union - https://crypto.bi/tape/blog/ccs-swift/

Do you know that your cup of Coffee will be Tax Free in Germany? - https://www.coindesk.com/germany-considers-crypto-legal-equivalent-to-fiat-for-tax-purposes/

Funny thing is, SegWit adoption is only at between 30% to 40% at the moment and we are already flying! Weeeeeeeeee.  Wink

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March 01, 2018, 05:40:45 AM
 #59

the problem is you can never fight FUD. the effort needed to debunk a well crafter FUD is a lot more than people can afford to put in. you will end up spending all your time all day long fighting the FUD and then a new one comes along.
instead I think a better approach is to help people learn that the social media is filled with FUD and they should not take what they read on it for granted with their eyes closed. everyone needs to start learning how to debunk an FUD themselves.

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Prodigan786
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March 01, 2018, 05:46:55 AM
 #60

Thanks for posting i will keep this thread in my drafts . Then i will show to people who is telling against crypto and bitcoin . Its really makes lots of sense . I am not at all following Fud even i wont . Because being in crypto trading and other traditional trading every where i seen massive market manipulation.
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