Matthew 7:12 - Whatever they do to you, you shall also do to them

[Snarks]

I'm not a religious person, but this sounds good:

Therefore all things whatsoever ye would that men should do to you:
do ye even so to them: for this is the law and the prophets

I don't believe for a minute governments and banks are protecting the common man.

They've set out to destroy their competitor, Bitcoin, and they're doing so by regulating it out of existence and spreading FUD.

I wish we could return the favor.

Don't forget why we got into Bitcoin in the first place.

Remember the 2008 crash, the LIBOR fraud, the rigged forex and derivatives markets, the RBS GRG & HSBC scandals and the inflationary monetary policies to bail out the TOO BIG TO FAIL banks.

[1715123489]

1715123489

[jjacob]

That is an interesting thought, but the playing field is uneven. In terms of FUD, the big banks have deep pockets and can afford to put out a narrative highlighting the dangers of cryptocurrencies. Supporters of crypto can put out a narrative on social media, but it hardly matches up to an organized campaign.
In terms of regulation, the difference is even more stark. Regulators and big banks are in bed together, and it doesn't take too much effort for the views of bankers to be reflected in the views of regulators. A few independent regulators may recognize the advantages of Bitcoin, but that hardly makes a difference.

[Lieldoryn]

The bitcoin community is not ready to fight. Each person cares only about their profits. We have no coordination. Bankers and governments are working according to a clearly established plan. They work as a team. By their actions, they destroy bitcoin and we can not oppose them. If you do not take anything to avoid the use of Fiat, we have no chance of winning.

[Snarks]

We've lost sight of what Bitcoin is about and we've succumbed to greed. Instead of creating crypto only businesses we were too focused on increasing our individual fiat value. Too busy fighting each other instead of working together.

I hope more of us start to understand the situation.

[jseverson]

Bankers and governments are working according to a clearly established plan. They work as a team. By their actions, they destroy bitcoin and we can not oppose them.

This isn't necessarily true. Banks have different policies, and government representatives have different opinions. Most of them aren't very keen on the idea of letting Bitcoin be for sure, but I don't think there's any mass conspiracy to bring it down going on.

I don't dispute the idea that there are parties that are actively working behind the scenes to bring Bitcoin down, but if everyone was in on it, we wouldn't even be talking regulations, and currency vs asset, etc. -- we'd be facing outright bans everywhere.

[BitHodler]

People can do one simple thing to destroy the current system, and that's using Bitcoin. If enough equal minded people do so, it will take away the foundation the current financial system is standing on.

More realistically speaking, I don't see it happen. The majority of the people are too stupid and too happy with their current sloppy lives to force through any changes. People don't want to fight for what's right.

I however am doing everything I can already to avoid being a cash cow slave of this system. I don't borrow money, I avoid banks where I can, and the best of all, a large part of my wealth is locked in Bitcoin.

Even if the government tries to block all my accounts, make banks prevent me from creating new accounts, I have my own wealth that doesn't depend on central parties. That alone is a very powerful message already.

[Snarks]

Bankers and governments are working according to a clearly established plan. They work as a team. By their actions, they destroy bitcoin and we can not oppose them.

This isn't necessarily true. Banks have different policies, and government representatives have different opinions. Most of them aren't very keen on the idea of letting Bitcoin be for sure, but I don't think there's any mass conspiracy to bring it down going on.

I don't dispute the idea that there are parties that are actively working behind the scenes to bring Bitcoin down, but if everyone was in on it, we wouldn't even be talking regulations, and currency vs asset, etc. -- we'd be facing outright bans everywhere.

They are afraid a sudden ban causes revolts, so they're using a soft approach with the same end-result. Make no mistake, we're being surrounded.

Banks have convinced governments that cryptocurrencies are the root of all evil.

The problem is, crypto has only a few advocates to remind governments what atrocities banks have been getting away with. TOO BIG TO FAIL means we are enslaved by banks.

KYC/AML destroyed one of the defining features of Bitcoin: anonymity. It has nothing to do with preventing money laundering or terrorists. 99% of money laundering and terrorist funding is done with fiat! And then I'm not even talking about what causes money laundering and terrorism in the first place.

The next step is banning crypto mining because it uses too much energy. Guess what also uses a lot of energy: cars, planes, ships, industry. They could have invested in renewable energy research, but they decided to spend tax dollars on aircraft carriers and bombs.

We need to stand up. We need to fight for our rights and give the banks a taste of their own medicine.

[avikz]

I'm not a religious person, but this sounds good:

Therefore all things whatsoever ye would that men should do to you:
do ye even so to them: for this is the law and the prophets

I don't believe for a minute governments and banks are protecting the common man.

They've set out to destroy their competitor, Bitcoin, and they're doing so by regulating it out of existence and spreading FUD.

I wish we could return the favor.

Don't forget why we got into Bitcoin in the first place.

Remember the 2008 crash, the LIBOR fraud, the rigged forex and derivatives markets, the RBS GRG & HSBC scandals and the inflationary monetary policies to bail out the TOO BIG TO FAIL banks.

I loved your optimism. This is one kind of thinking we should all have now. But I am afraid that we are not well organized and also we don't have such power to fight against banks and governments. So we can't do much. However, if majority of the bitcoin investors think like you today, we probably didn't have to see such pathetic price today.

Banks would want to destroy bitcoin because it is directly affecting their business and governments would want to protect the banks because they fund the various activities of government. The best we can do now is to keep faith on bitcoin and buy more at dip.

[jseverson]

They are afraid a sudden ban causes revolts, so they're using a soft approach with the same end-result. Make no mistake, we're being surrounded.

Banks have convinced governments that cryptocurrencies are the root of all evil.

The problem is, crypto has only a few advocates to remind governments what atrocities banks have been getting away with. TOO BIG TO FAIL means we are enslaved by banks.

KYC/AML destroyed one of the defining features of Bitcoin: anonymity. It has nothing to do with preventing money laundering or terrorists. 99% of money laundering and terrorist funding is done with fiat! And then I'm not even talking about what causes money laundering and terrorism in the first place.

The next step is banning crypto mining because it uses too much energy. Guess what also uses a lot of energy: cars, planes, ships, industry. They could have invested in renewable energy research, but they decided to spend tax dollars on aircraft carriers and bombs.

We need to stand up. We need to fight for our rights and give the banks a taste of their own medicine.

There are bans around the world though, and no revolts. Heck, China, which used to be one of the biggest Bitcoin markets in the world banned exchanges and ICOs and their citizens just folded. Crypto has few advocates because the user base in general is small in number; not to mention majority of these people are casuals wanting to earn a quick buck. I doubt the magnitude of a backlash a prospective ban might cause would be large enough to be described as a "revolt".

We also forget to mention one thing about KYC/AML -- it only applies to businesses, which are registered under governments, and are thus required to follow regulations. It doesn't affect Bitcoin itself. If you use Bitcoin like it was used in its inception, you may still enjoy your anonymity. You don't need to follow KYC/AML regulations if you don't use exchanges or use it in a registered business, after all.

I'm all for fighting for people's rights, but the us vs. them narrative doesn't help in my opinion. Give people objective facts, and let them decide what to do on their own.

[palle11]

Bankers and governments are working according to a clearly established plan. They work as a team. By their actions, they destroy bitcoin and we can not oppose them.

This isn't necessarily true. Banks have different policies, and government representatives have different opinions. Most of them aren't very keen on the idea of letting Bitcoin be for sure, but I don't think there's any mass conspiracy to bring it down going on.

I don't dispute the idea that there are parties that are actively working behind the scenes to bring Bitcoin down, but if everyone was in on it, we wouldn't even be talking regulations, and currency vs asset, etc. -- we'd be facing outright bans everywhere.

I see the whole bank and government issues plus the ban fud as the challenges that comes with an innovation. Change is always resisted. Both in government policies (Obama's health policy was fault) they are never allowed a breathing space until the benefits starts sinking.

Currency is just a more sensitive issue.

Likewise bitcoin, naturally fighting for it wouldn't make much to convince the world rather, the world would see it benefit and starts a massive acceptance leading the governments to adoption.

[leevine77]

It reflects do to others what you want them do to you on every actions that we could do.
In relations to bitcoin merit do to stop ranking that is why some give smerit to others to give them smerit in return!

[5ensei]

Damn right! Those bankers who we had to bail out with our taxes because they gambled our bank savings away. This won't happen on the blockchain, we must do our best to get bitcoin and altcoins out into the mainstream and take back control of our finances.

[CryptoBry]

That is an interesting thought, but the playing field is uneven. In terms of FUD, the big banks have deep pockets and can afford to put out a narrative highlighting the dangers of cryptocurrencies. Supporters of crypto can put out a narrative on social media, but it hardly matches up to an organized campaign. In terms of regulation, the difference is even more stark. Regulators and big banks are in bed together, and it doesn't take too much effort for the views of bankers to be reflected in the views of regulators. A few independent regulators may recognize the advantages of Bitcoin, but that hardly makes a difference.

This is one big reality we supporters and lovers of cryptocurrency should be facing. The force of the government can be too much to bear because people have no choice but to listen and follow what the government can say and enact. There will be regulations either using the existing laws or ones to be yet created. To say that Bitcoin or any cryptocurrency for that matter is decentralized and can not be touched by the government is technically correct but in reality the perception on the market can be affected even by a single pronouncement by an official or representative of the government.

[Snarks]

Maybe you are right, maybe doing the same they are doing to us is out of our league. Maybe we should take the moral high ground, not stooping to their level.

There is something we can do right now. That's spreading positivity instead of negativity. I know I've been guilty of that too.

Look what's happening. There's definitely an orchestrated effort to chill the crypto market. Banks telling politicians what to do. Journalists paid to invent FUD. It's reposted, retweeted, rephrased a million times. A whale dumps and a thousand smaller traders follow.

Why can't we do the same, but in the opposite way? Contribute in a positive way to crypto. Start a business. Influence your representatives or even start a political party, cause whales to buy Bitcoin and sway the opinion of grumpy no-coiners.

 

[biboy]

Maybe you are right, maybe doing the same they are doing to us is out of our league. Maybe we should take the moral high ground, not stooping to their level.

There is something we can do right now. That's spreading positivity instead of negativity. I know I've been guilty of that too.

Look what's happening. There's definitely an orchestrated effort to chill the crypto market. Banks telling politicians what to do. Journalists paid to invent FUD. It's reposted, retweeted, rephrased a million times. A whale dumps and a thousand smaller traders follow.

Why can't we do the same, but in the opposite way? Contribute in a positive way to crypto. Start a business. Influence your representatives or even start a political party, cause whales to buy Bitcoin and sway the opinion of grumpy no-coiners.

 

You are right, I believe that is what others are doing putting up a business that accepts bitcoin as one way of mode of payment, actually we cannot blame those who are just after the profit, it was insisted in their mind by the blogs/articles that they are reading. I hope that what you think will gonna happen.

[orions.belt19]

The bitcoin community is not ready to fight. Each person cares only about their profits. We have no coordination. Bankers and governments are working according to a clearly established plan. They work as a team. By their actions, they destroy bitcoin and we can not oppose them. If you do not take anything to avoid the use of Fiat, we have no chance of winning.

Even though there's no solid coordination, no bitcoin user would let the banks and government win. The banks and government are still under the mercy of their consumers and without them they won't have any power. There's still a chance of winning -- boycott may be a way. Judging by the level of support which bitcoin has, it would be enough to stand against the financial institutions. Maybe we can't fight fire with fire but instead fight in different ways such as conquering business and finance sectors.

[stomachgrowls]

That is an interesting thought, but the playing field is uneven. In terms of FUD, the big banks have deep pockets and can afford to put out a narrative highlighting the dangers of cryptocurrencies. Supporters of crypto can put out a narrative on social media, but it hardly matches up to an organized campaign. In terms of regulation, the difference is even more stark. Regulators and big banks are in bed together, and it doesn't take too much effort for the views of bankers to be reflected in the views of regulators. A few independent regulators may recognize the advantages of Bitcoin, but that hardly makes a difference.

This is one big reality we supporters and lovers of cryptocurrency should be facing. The force of the government can be too much to bear because people have no choice but to listen and follow what the government can say and enact. There will be regulations either using the existing laws or ones to be yet created. To say that Bitcoin or any cryptocurrency for that matter is decentralized and can not be touched by the government is technically correct but in reality the perception on the market can be affected even by a single pronouncement by an official or representative of the government.

Really not surprising for us people to follow on what government do say.We do follow them ever since because they are the ones who do mandates laws and other decisions towards into a certain vicinity. Violate? Then expect you would really experience consequences and now talking into banking sector then they would really have their support since they do know that they are regulated and benefits is there and why cryptocurrency would really give negative impressions to them.

[KrishaBitcoin]

I'm not a religious person, but this sounds good:

Therefore all things whatsoever ye would that men should do to you:
do ye even so to them: for this is the law and the prophets

I don't believe for a minute governments and banks are protecting the common man.

They've set out to destroy their competitor, Bitcoin, and they're doing so by regulating it out of existence and spreading FUD.

I wish we could return the favor.

Don't forget why we got into Bitcoin in the first place.

Remember the 2008 crash, the LIBOR fraud, the rigged forex and derivatives markets, the RBS GRG & HSBC scandals and the inflationary monetary policies to bail out the TOO BIG TO FAIL banks.

But i think not all banks are against Bitcoin that all of them want Bitcoin to be eliminated because here in my country our Central banks are very supportive to Bitcoin in which they allow our major banks to be in partnership with our local exchange that we can use their cash out facilities anytime and anywhere every time we cash out. With this hospitality that given by our banks to us i could say banks are not really united of their stand against Bitcoin existence.

[crisanto01]

But i think not all banks are against Bitcoin that all of them want Bitcoin to be eliminated because here in my country our Central banks are very supportive to Bitcoin in which they allow our major banks to be in partnership with our local exchange that we can use their cash out facilities anytime and anywhere every time we cash out. With this hospitality that given by our banks to us i could say banks are not really united of their stand against Bitcoin existence.

As of today, majority of the banks doesn't want bitcoin yet as they thinks that investors here in crypto are just manipulating the price and it has sort of impact with our economy. But here in our country, there were some banks who are considering to have bitcoin as part of their daily transactions.

[bhadz]

I like this thought that came to your mind and this is what also I believe in my life. If you want others do good to you then do good to others. But that's the basic thing that the banks will do and as well as the government since they are a business entity and they want to make enough money through it. That's how they make money and if there is something that is a threat to them they have to eliminate it but the fact that they can't do it with bitcoin is what they have to accept.