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Author Topic: No Capacity to Kill Bitcoin!  (Read 1514 times)
plainsight
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July 21, 2019, 03:00:25 PM
 #1

Podcast Topic: Wes Carlson and Omar have an informal discussion on varies topics including the following highlights:

- New people discovering Bitcoin - fear and greed
- How to not get caught up in the day to day Bitcoin price movements
- Congressman claims the US has no capacity to Kill Bitcoin!
- A world denominated in Bitcoin

Recorded: 19 July 2019

https://www.youtube.com/watch?v=gtMp5MijuZw&feature=youtu.be
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July 21, 2019, 03:37:48 PM
 #2

- New people discovering Bitcoin - fear and greed

We can not blame the new people that are entering this kind of currency to really think they can make money out of bitcoin that easily, And these certain people are the victim of fear and greed because they don't have faith in it, a little nudge with the price they will surely sell their hold coins, And these people are very trusting in the FUD that they see.

- How to not get caught up in the day to day Bitcoin price movements

I guess this is situational if the movement is bear or bull If the movement is Bear then do other stuff and stay away to your wallet and if it is a bull movement then you can always look on positive news and you can sure view your wallet for further increase in profit.

- Congressman claims the US has no capacity to Kill Bitcoin!

No one can kill Bitcoin, Only the Catastrophic event can sure kill it. (example A meteor hit earth)

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September 29, 2019, 09:25:18 AM
 #3

The rest of the podcast was actually more informative than the 3 seconds that they spend talking about the government and one senate members opinion on why the government would not be able to stop Bitcoin. Yes, China failed to stop Bitcoin with their firewalls and bans, but it is not to say that a government ban would not have a very negative influence on Bitcoin.

The rest of the world are looking at the example that the USA are giving them and if they start banning Bitcoin, most ignorant smaller countries would not question their actions and just follow their example.  Roll Eyes

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September 29, 2019, 02:32:35 PM
 #4


- Congressman claims the US has no capacity to Kill Bitcoin!


No one has the capacity to kill bitcoin. We can see that bitcoin has fallen several times. Since it was published in 2009, Bitcoin has experienced massive cyber attacks, scam activities, government regulations, negative news about bitcoin and falling prices but it cannot kill bitcoin.

Bitcoin is even more famous from year to year. And more and more countries are legalizing bitcoin.
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September 29, 2019, 02:51:25 PM
 #5

I'd like to give my opinion on these two subject

Quote
- Congressman claims the US has no capacity to Kill Bitcoin!
Why would they spend millions of dollars and resources to kill a technology that can help and now being implemented and integrated into the system of so many countries, they should first look at other problems and let Bitcoin out of their sight


Quote
- A world denominated in Bitcoin
I don't know how these things going to be possible, I am just being realistic, we still need fiat some sectors cannot function without fiat, I cannot go to a town without internet without fiat.

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September 29, 2019, 03:11:40 PM
 #6

- New people discovering Bitcoin - fear and greed

Don't see anything with regards to fear but it seems more like an ever-growing, new investment opportunity with very little risk on the longer run. Greed on the other hand comes to bite new adopters with no market knowledge about day trading.

- Congressman claims the US has no capacity to Kill Bitcoin!

What has the United States not tried to control over the last few decades? - Nothing. They seem to be focused on bringing regulatory norms which would forcibly dethrone Bitcoin from the top and introduce some or the other sort of anarchic systme to replace it.

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September 30, 2019, 02:47:52 PM
 #7

World is started regonizing bitcoin and many investors are coming to invest on the bitcoin and other cryptocurrencies. We all need to invest on the bitcoin and do more payment options with the bitcoin.
It will automatically increase the growth of the bitcoin.

 
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September 30, 2019, 03:37:55 PM
 #8

Of course, the bitcoin is quite popular around the world these days because it's an extraordinary invention.
Bitcoin is a peer-to-peer digital currency that is accessible to anyone from anywhere around the world no boundaries no barriers.
With bitcoin sky is the limit no one can stop you from using your own money, you can buy anything you want unlike fiat money or credit cards. 
 
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September 30, 2019, 04:06:36 PM
 #9

i dont know how that would be possible for haters to do it but am sure it can never happen in this level of adoption in the market and the way the world is going in to the crypto presently . so btc is getting boom everyday by day only the noobs will quite at this early stage cos of inadequate info.

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September 30, 2019, 04:19:00 PM
 #10


- Congressman claims the US has no capacity to Kill Bitcoin!


I agree with him. The reason why the US can't kill Bitcoin is that Bitcoin can't be manipulated. It is not fiat money. But Bitcoin is volatilite and the US government do not want to trust in a currency like that.

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September 30, 2019, 04:37:19 PM
 #11

If you get to conduct a poll regarding this we can get the truth. Most of the users could've entered into the cryptocurrency just because it paves way to earn. Very few have got the perfect understanding about the technology and all the relative factors that are making a huge change. It isn't easy understanding, and until there is a way to earn people won't let it get killed. This suits with each and every innovation.

 
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October 04, 2019, 06:03:48 AM
 #12

World is started regonizing bitcoin and many investors are coming to invest on the bitcoin and other cryptocurrencies. We all need to invest on the bitcoin and do more payment options with the bitcoin.
It will automatically increase the growth of the bitcoin.
Indeed some people who had discover bitcoin these days are interested about investing onto it but we can't easily say things because maybe they had different things on their minds and it can be good or bad, some of them wants to take advantage of it and some just wanted to earn and get opportunities from it. Bitcoin was accepted and adopted by different countries despite of having some issues about its price. I can't see the reason why many people are thinking how it wouldn't last because bitcoin had some problems before and it was capable of dealing with it.

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October 04, 2019, 06:11:57 AM
 #13

I wonder what's the point of killing though? You need to have a motive to kill bitcoin isn't it?

We have survived the first ten years and I have no doubt that bitcoin will continue to flourish and that last bitcoin could be mine as well. I'm sure everyone here will not going to see that day, however, I still think that even if we exhausted the last bitcoin, it will still move forward and one day could be the scarcest commodity in the future.

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Wexnident
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October 04, 2019, 06:13:25 AM
 #14

- Congressman claims the US has no capacity to Kill Bitcoin!

No one can kill Bitcoin, Only the Catastrophic event can sure kill it. (example A meteor hit earth)

True. Bitcoin is way too spread out across the globe. And even if you did terminate the majority of its holders, since bitcoin or rather crypto is not controlled by anyone, the coin would still exist somewhere and would still be able to come back.
Podcast Topic: Wes Carlson and Omar have an informal discussion on varies topics including the following highlights:

- New people discovering Bitcoin - fear and greed

This is natural. People are scared of new things and would rather stick to the old ways since they are more experienced with doing that. On the other hand, people who start participating in bitcoin would naturally feel greed with how large its price was in the past and its possibility of repeating that event. Humans are naturally greedy human beings after all.

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robelneo
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October 04, 2019, 11:00:58 AM
 #15

Quote
- Congressman claims the US has no capacity to Kill Bitcoin!

Is he supporting Bitcoin that is why he is saying this or he is telling the truth I believe in the last part, the truth is it's impossible to stop Cryptocurrency at the current level, we are moving and rolling fast, The United States will have to spend millions of dollars and a lot of effort to stop Cryptocurrency, the Americans are so involved in Cryptocurrency, and they are very active and so many websites related to Cryptocurrency are located in The United States.
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October 04, 2019, 11:22:40 AM
 #16

Bitcoin can kill itself, unfortunately this is the most plausible outcome
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October 04, 2019, 11:56:53 AM
 #17

Podcast Topic: Wes Carlson and Omar have an informal discussion on varies topics including the following highlights:

- New people discovering Bitcoin - fear and greed
- How to not get caught up in the day to day Bitcoin price movements
- Congressman claims the US has no capacity to Kill Bitcoin!
- A world denominated in Bitcoin

Recorded: 19 July 2019

https://www.youtube.com/watch?v=gtMp5MijuZw&feature=youtu.be
New people discovering bitcoin is good for the market, more demand means higher prices, better trades and future of bitcoin. Bitcoin's day to day price action is inevitable, it's natural since it's decentralized. With that being said, Bitcoin cannot be shut down since it forms a mesh network with every node having a copy of the ledger. In terms of the world denominated by Bitcoin, I don't think it would replace currencies since it's more stable because government has policies to do so, making it more desired means of transactions for small and day to day trades of goods.
Eugenar
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October 05, 2019, 02:56:05 AM
 #18

Podcast Topic: Wes Carlson and Omar have an informal discussion on varies topics including the following highlights:

- New people discovering Bitcoin - fear and greed
- How to not get caught up in the day to day Bitcoin price movements
- Congressman claims the US has no capacity to Kill Bitcoin!
- A world denominated in Bitcoin

Recorded: 19 July 2019

https://www.youtube.com/watch?v=gtMp5MijuZw&feature=youtu.be

There's one way I know how government might somehow kill, or control bitcoin in such a way. If they would consider buying all available bitcoins they can manipulate its prices or even dump it. But the possibility of a country to spend their funds to bitcoin is impossible. They are assigning budget to different sectors and it needs to be precised. In order to avoid this scenario to happen, it is good for each of us to accumulate bitcoin.

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Astvile
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October 05, 2019, 03:31:28 AM
 #19

Podcast Topic: Wes Carlson and Omar have an informal discussion on varies topics including the following highlights:

- New people discovering Bitcoin - fear and greed
- How to not get caught up in the day to day Bitcoin price movements
- Congressman claims the US has no capacity to Kill Bitcoin!
- A world denominated in Bitcoin

Recorded: 19 July 2019

https://www.youtube.com/watch?v=gtMp5MijuZw&feature=youtu.be

There's one way I know how government might somehow kill, or control bitcoin in such a way. If they would consider buying all available bitcoins they can manipulate its prices or even dump it. But the possibility of a country to spend their funds to bitcoin is impossible. They are assigning budget to different sectors and it needs to be precised. In order to avoid this scenario to happen, it is good for each of us to accumulate bitcoin.
But government spending money on a thing with a goal of destroying or manipulating it will be close to impossible like you said, but somehow if US decided to do that I think that might help us for a while because of the huge demand that will happen and if US government accumulated all bitcoins available in the market or lets say to be real more than half of the market,that would be a double-edged sword to them as they might lose tons of money too

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jarhed
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October 07, 2019, 04:04:08 PM
 #20

Podcast Topic: Wes Carlson and Omar have an informal discussion on varies topics including the following highlights:

- New people discovering Bitcoin - fear and greed
- How to not get caught up in the day to day Bitcoin price movements
- Congressman claims the US has no capacity to Kill Bitcoin!
- A world denominated in Bitcoin

Recorded: 19 July 2019

https://www.youtube.com/watch?v=gtMp5MijuZw&feature=youtu.be

There's one way I know how government might somehow kill, or control bitcoin in such a way. If they would consider buying all available bitcoins they can manipulate its prices or even dump it. But the possibility of a country to spend their funds to bitcoin is impossible. They are assigning budget to different sectors and it needs to be precised. In order to avoid this scenario to happen, it is good for each of us to accumulate bitcoin.
But government spending money on a thing with a goal of destroying or manipulating it will be close to impossible like you said, but somehow if US decided to do that I think that might help us for a while because of the huge demand that will happen and if US government accumulated all bitcoins available in the market or lets say to be real more than half of the market,that would be a double-edged sword to them as they might lose tons of money too
I think that for the US government to lose several billion dollars in the fall in the price of Bitcoin, these are not significant losses or risks. Even if you take into account the US government to buy Bitcoins for 50 billion dollars.

inure 
 

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