If the banksters and governments held 90% of the Bitcoin supply, what now?

[Treasurer]

We need not fear, Bitcoin community is a strong community and we grow from zero to what it is today. If they intend to destroy the price of Bitcoin, they must know that there are people who are loyal to HODL and their actions are merely vain. No matter how strong the punch is taken so it makes Bitcoin fall, but I'm sure Bitcoin will recover somehow.

Crypto technology isn't for one day or for one year. I'm sure that cryptocurrency will still be swinging up and down for a long time.
There is no doubt that rich people bought Bitcoins for better times and just in case. But in order to strongly swing the market they need to unite.

[1714617764]

1714617764

[1714617764]

1714617764

[franky1]

later comes the coin control of locking funds up into factories.

But what are channel factories for you? "Fort Knox"? Hahaha.

Channel factories are payment channels that give the ability for new payment channels to be created without making extra on-chain transactions.

take a step back from the UTOPIAN false PR department of DCG

fort knox is for gold deposit accounts that give the ability for new bank accounts to be created without making extra gold withdrawals deposits

[tunapa]

From the onset,  everyone has the equal right to own any amount they wanted.  It was a risk and still same up till now.  People are trying to have some portion of this gem but top individuals  and institutions have the funds to own more at this time.  Nevertheless,  it won't forfeit it's aim because the circulation isn't much and the vision is intact. 

[franky1]

It is not just about "institutional hoarding" but also about services like the Blockchain wallet, Coinbase, BitGo, and other centralized services responsible in storing Bitcoins.
..........
The community freely uses the Bitcoin Core software. Where is the "censorship"? Stop gaslighting.

what FULL VALIDATION / FULL ARCHIVAL software choice is there that has no financial connection to DCG. that also offers its own proposal platform for onchain innovation. that has not been REKT/thrown off the network by not following cores roadmap

as for 5 suggestions
1. never use "inflight upgrades" (non consensus required trojan upgrades)
2. never use mandatory accept or get thrown out tactics
3. allow other teams to run on the network as a level playing field of consensus. and not the 'core roadmap or F**K off'
4. if a dev says 'blockchains cant scale people should use other commercial networks' then they have personally failed bitcoin and dont want to develop bitcoin, so reduce their contributer powers to implement code that sways people off the network
5. refer to point 3

[SventraPapere]

Everything in the world is their Playground, you have to take it for granted.To combat this I just don't see the point.You need to smoothly fuck with the flow and do their job.Nothing plohogo not happen from such holders of assets.Quite the contrary.This will speed up the process of legalization of bitcoin and all cryptocurrency.This is basically what we need.On this sit back and just watch the process.

[delphic]

Everything's gonna be just fine.Don't be afraid of that.On the contrary,it should inspire you to move forward.We need this.Just try to have time to buy more bitcoins and all you will be fine)

[Elerntta]

But to do this, they all have to conspire to manage us and bitcoin. And this can hardly ever happen, because all these investors are very different people from different countries. Yes and sense coin (decentralization) then will be lost.

[Rolley Dragon]

If this really happened, it would be worse than the bitcoin of the metamorphosis, the grace of bitcoin seemed to be gone.

[Zainal-baguz]

if that happens. I am very sure. there will be many people investing in altcoin. therefore, the number of bitcoins is very limited. many people join and create crypto themselves. for bitcoin reserves ..

[WebTera]

I don't think that's a serious threat. The main advantage of bitcoin is that it is decentralized, which means that bankers and banks will have to do a huge impossible job to unite to control bitcoin. The probability that this will happen is negligible.

[hubballi]

If that was to happen then when FBI breakdown the silk route and found the chunk of bitcoins in this process would not have been selling it in open market. Once more think that when they are selling this bitcoins means they are supporting it. So i think what OP is expecting is not possible. But still cannot say about future. If that happens then it will be benefit for the other Altcoins as Bitcoin will lose the faith from its investors and they will diverse themselves to other altcoin.

[franky1]

If that was to happen then when FBI breakdown the silk route and found the chunk of bitcoins in this process would not have been selling it in open market. Once more think that when they are selling this bitcoins means they are supporting it. So i think what OP is expecting is not possible. But still cannot say about future. If that happens then it will be benefit for the other Altcoins as Bitcoin will lose the faith from its investors and they will diverse themselves to other altcoin.

just holding coins does not mean controlling.
however spending the coins where the funds influence devs or bitcoin businesses to be swayed in a particular direction does create control.
by this 'sway business' i dont mean businesses change bitcoin code rules. but if a business was to only accept 'whitelisted' coins or was told to only accept litecoin.. then suddenly people will see less utility of using bitcoin if they cant spend it with certain businesses.

id say i have more coins than you as i have had a nice hoard since 2012. but i dont flash my stash, because i know my coin hoard has no meaningful control over anything.
thus id say my hoard has no more control than your hoard of coins..

however if i bounty campaigned or VC funded a dev team to change the rules.. then things would become controlled

take DCG.CO having ownership stake in blockstream that coded segwit. ownership stake in bloq that done segwitx2, ownership stake in blockchain.info(ver) that gave opposition the fake "free choice". ownership stake in many merchant/exchanges and payment gateways that formed the NYA agreement. ownership stake in a few other people (USAF)

you'll see that things did change and anyone else was just sheep herded into the change activation via the "compatibility" trick where by not upgrading didnt actually prevent activation. thus people in the general community could not vote/veto/prevent the change.

so yea FBI hoarding silkroad funds caused nothing. but spending coins means THEY now have more fiat. to buy more guns and swat raid bitcoin business or send out court orders to sway businesses into doing what the fbi/sec want

thats why we need to ensure we are not reliant on third parties. and not reliant on single team of devs. to avoid us falling into the trap of corruption and monopoly games

[Bitfling]

I think bitcoin created because banks system are corrupt and created to againts banks dominant in our economic system If bitcoin held more than 90% supply, i think crypto fail againts the system and i think we should hold our bitcoin because its must be very expensive then

[beatzcoin123]

that's impossible, but i see opportunity when that happens, though that will limit the circulating supply of bitcoin, but in the same vein that will also mean a hike in the price of the coin, which will mean big gains to the holders of the circulating supply of 10%.

[Wind_FURY]

later comes the coin control of locking funds up into factories.

But what are channel factories for you? "Fort Knox"? Hahaha.

Channel factories are payment channels that give the ability for new payment channels to be created without making extra on-chain transactions.

take a step back from the UTOPIAN false PR department of DCG

fort knox is for gold deposit accounts that give the ability for new bank accounts to be created without making extra gold withdrawals deposits

But you say it like channel factories are government controlled facilities like "Fort Knox". I know you are showing your own perspective but your comparison is wrong.

Plus I'm confused. Can you explain how channel factories work technically for a newbie like me? I want to know why you believe that it is like "Fort Knox".

It is not just about "institutional hoarding" but also about services like the Blockchain wallet, Coinbase, BitGo, and other centralized services responsible in storing Bitcoins.
..........
The community freely uses the Bitcoin Core software. Where is the "censorship"? Stop gaslighting.

what FULL VALIDATION / FULL ARCHIVAL software choice is there that has no financial connection to DCG. that also offers its own proposal platform for onchain innovation. that has not been REKT/thrown off the network by not following cores roadmap

Who decides to run Core's software?

as for 5 suggestions
1. never use "inflight upgrades" (non consensus required trojan upgrades)
2. never use mandatory accept or get thrown out tactics
3. allow other teams to run on the network as a level playing field of consensus. and not the 'core roadmap or F**K off'

Should the community call for the removal of the Core developers?

4. if a dev says 'blockchains cant scale people should use other commercial networks' then they have personally failed bitcoin and dont want to develop bitcoin, so reduce their contributer powers to implement code that sways people off the network

Assuming you are right, do you believe that Bitcoin should hard fork to bigger block sizes to scale?

[bosta20]

Would it be fair enough to assume that the project has failed, or failing?

90% of Bitcoin being held by an oligarchy of the elite, a cartel of banks, and by governments working together might turn Bitcoin into their "playground".

Lol...i don't think is true shall...respective national governments are poor at seeing long term!...to me personally...they are not holding any bitcoins...most of the bitcoins collected by US government were option out!

[kangbasir]

this might happen to XRP, but bitcoin is something different where they don't have the full power to master it, but if that happens they will also try to move the concentration from fiat to BTC because fiat is considered useless in the next few years, they will lose their capitalist prestige and try alternatives with crypto monopoly as a reference for future currencies.

[Robertqueen2]

Banksters and governments may have massive influence upon bitcoin, but they will finish it because bitcoin in addition to other major altcoins are going to revolutionize the existing economy and replace it with a multi-polar world economic order.
 

[DennyPen]

Would it be fair enough to assume that the project has failed, or failing?

90% of Bitcoin being held by an oligarchy of the elite, a cartel of banks, and by governments working together might turn Bitcoin into their "playground".

What's now? Well, manipulations, manipulations, and one more time manipulations. However, that's not that bad, and patient people can still make good money. We're still respecting the market cycles, so the current situation is pretty well aligned with the overall picture.

[jrrsparkles]

If the governments and the banksters are holding 90% of bitcoin means the price will be very huge because of high demand but they can make the price to drop over night and after that the bitcoins will go to different hands so it means they can't control the market for too long.