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Author Topic: How do you feel about control versus freedom in Bitcoin?  (Read 640 times)
jpnl0005
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April 07, 2019, 01:04:03 PM
 #41

basically, the idea behind the cryptocurrency which was begotten by blockchain is not for control to exist but to give freedom of individuals to control their resources. Hence, the idea of control was not intended for the technology but for certain reason a certain group of people decided to regulate certain features and that gave birth to control but i feel it is not relevant
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April 19, 2019, 10:29:30 AM
 #42

Freedom is the ornament of Bitcoin Cool and just because of which it stands out among the tradition digital assets. Smiley
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April 19, 2019, 11:05:08 AM
 #43

Wow OP, that was a real mouth full and a can of worms kinda post.  Wink

I think the freedom from the majority consensus is already a huge step in the right direction, because we will be seeing the competition crushing that freedom with centralized control in the upcoming BankCoins and even some of the GovCoins. People will only appreciate the consensus based "freedom" of Bitcoin, when they see what Banks and governments will be doing with their coins in the future. <The public will have no influence in the decision making for those coins.>

If some developer or node does not agree with changes, then they are welcome to create their own Alt coin and if they get enough support, then they can force a hard fork, so there is nothing wrong with that idea in my opinion.  Wink
BankCoins and GovCoins are more likely to be stablecoins so they will be pretty diffrernt comparing them to other currencires. There will be some purpose to buy them that will be related to issuer's service and won't be giving you a profit for HODLing them.
Also public should have an influence. I'm sure that banks won't sustain their coins if they won't be getting any profit.

Banks are not into Crypto currencies for pure profit, they want to use Crypto currencies because it gives them more control and also more opportunity to track the money flow. <Governments wants more surveillance opportunities on people's finances, so they encourage transparent Crypto currencies, where owners are identified and the Banks are utilized to implement this.

So, our financial freedom with Bank coins will not exist, once they developed their own technologies. <Governments will also find a way to force these coins onto citizens in the future> ….So say goodbye to fiat <cash>  Roll Eyes

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Bowly88
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April 28, 2019, 11:41:24 PM
 #44

Take two.  Leaving the personalities out of it this time and focusing purely on the arguments.  I should also stress that leaving that one specific personality out of this topic means I would prefer they kept it civil too.  I want to hear opinions from the community about the following:

  • Do you think freedom is one of Bitcoin's most important qualities?  Or is it more important that we ensure everyone is happy and agrees with any changes?  If you had to choose, which takes priority?  Freedom?  Or ensuring everyone agrees?  

  • Do you think "consensus" should always mean a hardfork at 95% agreement?  Even if that means that just 6% of the network can then effectively veto any changes and stagnate progress?  Or are softforks perfectly acceptable as well?  How do you feel about users who express the belief that softforks effectively turn them into second-class-citizens if they don't want to to upgrade?  Do they have cause to complain?  Or is the fact that they can remain on this blockchain and continue transacting as they always have done a sufficient compromise?  Is it right for some users to move forward with a change if others haven't given their permission for that change?  Does this weaken or bypass consensus?

  • Is it wrong or immoral to create code that causes a client to disconnect another client from the network if the features they propose are not compatible?  Should users be allowed to disconnect incompatible clients if they want to?  Or is this a way to cheat consensus and deprive the users running that client of the chance to express their support for a change in the rules?  And, in this morality judgement, should we consider whether replay protection is included in the the client being disconnected if that means users can be safeguarded from replay attacks?

  • If you run a full node, are you fully aware of what rules it enforces?  Do you keep up to date with the latest changes?  Do you compile the code yourself so you know exactly what is going on?  Or do you blindly update your node without checking what the code actually does?

  • Most important of all, does anyone genuinely believe Core are "in control" of the Bitcoin network?  Or do you think those securing the chain (both non-mining full nodes and miners) are ultimately the ones who make the decisions?  Do you think some developers have too much influence?  Should there be a larger number of dev teams?  Does Bitcoin have a level playing field?


While I'm curious on all these points, I'm not honestly expecting answers to every single last one of them.  Just express what you feel confident about.
Obviously, bitcoin biggest asset is its freedom. You cannot please everyone, take that into your head. Going back, freedom is the biggest asset if bitcoin because it let its users to use it in everything they want. You can use it to buy your needs. You can also use it investment like in hodl. You can even use it for you to be able to play on fair  gaming sites  that everyone does for them to have enjoyment and to remove boredom. You can use it to almost everything, unlike the fiat money that it's like you have always been tracker to all of your transactions.
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April 28, 2019, 11:46:35 PM
 #45

I think Bitcoin should stay anonymous as it is right now which makes it worth using (all cryptocurrencies basically).
And if that must follow some rules to make it worth continuing using it for than i'm ok with that as long it stays secure.



I agree bitcoin in recent time will stay anonymous but it's possible to find people how do control bitcoin as currency to ensure their security.
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April 29, 2019, 01:59:50 AM
 #46

I think Bitcoin should stay anonymous as it is right now which makes it worth using (all cryptocurrencies basically).
And if that must follow some rules to make it worth continuing using it for than i'm ok with that as long it stays secure.



I agree bitcoin in recent time will stay anonymous but it's possible to find people how do control bitcoin as currency to ensure their security.
Thats why I adopted bitcoin, I used bitcoin because I was amazed by its anonymity. this is very innovative and very new.
so when there is a rule that requires anonymity to disappear, of course we are very disappointed with that
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