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Author Topic: No Capacity to Kill Bitcoin!  (Read 1754 times)
ScamViruS
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October 08, 2019, 03:48:39 PM
 #21

Since the beginning of Bitcoin, Bitcoin has faced many problems. Now and many are seeking to kill Bitcoin. No one was success to kill bitcoin.But now Bitcoin is becoming more and more popular worldwide. New Investors is coming to invest in Bitcoin. So Bitcoin will go a long way in the future. I think nobody has the capacity to kill Bitcoin.

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October 08, 2019, 03:59:35 PM
 #22

When more people want to try to kill Bitcoin then it only makes Bitcoin more popular and interesting in the community. How many times have they wanted to hit Bitcoin with a variety of very negative issues but Bitcoin has remained strong. So there is no capacity to kill Bitcoin.
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October 18, 2019, 12:43:33 PM
 #23

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

Well mostly or majority of people joined bitcoin not because it can be used to buy something in the market but rather because they want to gain profit. Without earning and profit people will not be engaging in bitcoin right now and will not waste their time maybe they are now busy engaging in forex. Well fear and greed is really present in trading and that does not exclude bitcoin trading.

I also agree that the US government has no capacity to kill bitcoin since there are already thousands of US citizens that are into cryptocurrency and there are companies that are operating using cryptocurrency. Instead of killing it they would just regulate it since it could help in their economy and increase tax collection.

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October 18, 2019, 01:46:42 PM
 #24

Bitcoin is a technology that benefited a lot of people and it is hardly killable. The government has been trying to regulate and try to destroy it by spreading only bad news or scam surrounding bitcoin and kept those good news and good benefits it caused to people but look, bitcoin still stand on it's ground and it is getting stronger as the day past.
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October 18, 2019, 01:53:24 PM
 #25


- 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.

It can be manipulated but in a different way. To manipulate fiat you need to be the government that's all. When you have this power you can do whatever you want. You can also manipulate fiat through debt. There are countries indebted to other countries and this makes them vulnerable to manipulation.
To manipulate Bitcoin you need money and turn that money to mining power or coins that you buy OTC and then dump on the market.

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October 18, 2019, 02:44:58 PM
 #26


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


It is sad to hear but this is the truth because other countries do not spend time studying Bitcoin so they can create their own regulations but instead they are just following what the US will do. So it's not surprising that if US collapse then other countries will follow.

 
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October 18, 2019, 04:15:00 PM
 #27

Some people have their own interpretation of Bitcoin. They see it as a shortcut to getting rich which is unrealistic. Other people also see it as a threat. I guess some country needs to educate about the importance and risks of Bitcoin and cryptocurrency. Also, no one has the capability to kill Bitcoin. It is well-established and has a strong foundation due to the latest technology. It will surely have a stronger foundation in the future.
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October 18, 2019, 06:05:16 PM
 #28

I listened to it all. It's a very nice podcast. I liked their positive attitude you can hear they dig it and are ready to defend it against naysayers.

The only way to kill Bitcoin from the outside would be to cut the flow of fiat but for it to happen all countries would have to cooperate and together ban exchanges. They wouldn't have to do anything about mining and crypto - crypto trading. Without the flow of fresh fiat crypto would be dead. Don't worry it will not happen. When was the last time whole world cooperated? Probably in the movies like Independence day and Pacific Rim Cheesy
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October 19, 2019, 01:49:16 PM
 #29


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


It is sad to hear but this is the truth because other countries do not spend time studying Bitcoin so they can create their own regulations but instead they are just following what the US will do. So it's not surprising that if US collapse then other countries will follow.
What example are we talking about here because I have never seen any ban example that the US has laid down, the only thing I heard about the United states last is that trump mentioned some few words against cryptocurrency which is his own opinion, everyone is entitled to their own opinion, and I think that trump is only trying to guard against their USD losing relevance, but they have never openly ban bitcoin.

They have even done more of regulation to me, because we can see how they have asked  binance exchange to open their own exchange that would be dedicated to their citizens and this is for the purpose of being able to control and regulate the activities/ transaction o their US traders in the platform that has been created. There is no country that has even actually placed a ban on bitcoin or cryptocurrency.
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October 19, 2019, 02:11:54 PM
 #30

What example are we talking about here because I have never seen any ban example that the US has laid down, the only thing I heard about the United states last is that trump mentioned some few words against cryptocurrency which is his own opinion, everyone is entitled to their own opinion, and I think that trump is only trying to guard against their USD losing relevance, but they have never openly ban bitcoin.

They have even done more of regulation to me, because we can see how they have asked  binance exchange to open their own exchange that would be dedicated to their citizens and this is for the purpose of being able to control and regulate the activities/ transaction o their US traders in the platform that has been created. There is no country that has even actually placed a ban on bitcoin or cryptocurrency.
Absolutely! Even if US Government declares war against bitcoin I think they are just wasting their time because I do believe that bitcoin is unbeatable and the government has no access to it so it gives them a hard time to capture the founder and also the investors as well. Bitcoin will become more popular all over the world soon and also in the mainstream.

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October 19, 2019, 02:17:31 PM
 #31

Yeah, you are right. Bitcoin is developed a lot over the past few years. There is no other competitors who can kill the bitcoin not to be more popular among other people especially for the newbies who are trying to invest in Bitcoin project.
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October 19, 2019, 03:30:22 PM
 #32

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

  • Well, there is always the shock when people discover things, that are not like what they use to. The "price volatility" thing is only a complain from people that live with "perfect" behaving fiat, where their governments manipulate their national currency so as to not fluctuate too much from the others, basically a form of state intervention in the economy. Of course this is easier to pull when you have a strong economy behind backing up your moves.
    There is nobody manipulating bitcoin, it floats freely in the market, therefore it fluctuates. This is actually a GOOD sign. You don't want any entity, public or not doing things behind. Should this entity fail for whatever reason, and you can kiss goodbye to your investment.
    One thing people should learn about the beauty of freedom is, that someday, Bitcoin price will tend to fluctuate less and less, and when that happens (its occurring already) they can be sure it occurred naturally in the presence of all market forces. But don't expect it to magically peg itself to some other coin, that is beyond Bitcoin.
    If you live in any of the countries that don't use a "perfect" fiat, you are already familiar with fluctuations and already know how to cope and live with it, unlike Dollar/Euro centrists, you may probably even enjoy how in the long run, bitcoin tendency is actually up, rather than the usual down our governments force our national currencies to fit their ill conceived budgets, rather than, oh noes; reduce spending (waste/corruption/etc).
  • How not to get caught? Easy, don't sell your coins. Just buy and hold. Think of bitcoin as a means of preserving value, not necessarily multiplying. Those that want to "multiply", are traders, same old profession that has existed for centuries, with stocks, bonds and other assets. Very risky, you don't need to get involved in that if you don't want, you can keep earning money the good old fashioned way.
  • That congressman is right. Its good to know there are some well informed politicians out there, who knows, maybe he reads this forum...
  • I hope that, sooner than later, most countries accept bitcoin. Just getting rid of exchanging into the different national coins when you travel is a giant benefit. Oh but there is more, so much more...

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October 19, 2019, 05:11:26 PM
 #33

Of course, the bitcoin is quite popular around the world these days because it's an extraordinary invention.  
 

I don't think I will agree with you on this. Bitcoin is not that popular around the world. In my country for instance, people who know about Bitcoin here are those into computer programming or are studying computer science or engineering. When you ask about ten people on the street what bitcoin is, only one person out of the ten will have some idea of what bitcoin is. This tells you that bitcoin is not that popular around the world.
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October 19, 2019, 05:40:48 PM
 #34


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


It is sad to hear but this is the truth because other countries do not spend time studying Bitcoin so they can create their own regulations but instead they are just following what the US will do. So it's not surprising that if US collapse then other countries will follow.
These two things don't seem so related to me. If the US economy collapses, some countries will suffer from it, of course, but not because they are following the policies the US is setting for cryptos. It can happen because many countries are economically dependent on such giants as the USA. If the US dollar collapses, however, it can lead to the collapse of many national currencies that are dollar-oriented, sort of. As for other countries adopting the regulations of the USA, I actually don't think it's a common practice. The US is particularly harsh, other countries sometimes take a milder approach on this matter. For instance, in my country, the regulations are still only on the stage of project laws, but those creating them are saying that they take into consideration what the US did, but don't intend to do it in such a strict way.

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October 20, 2019, 01:26:34 AM
 #35


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

Ok, the Congressman is a fool.

If the US Government decided to go balls to the wall and destroy bitcoin, then sorry bitcoin will die.

1. They could confiscate all bitcoins in the US and crash the markets.
2. They could have elite computer hackers target all nodes.
3. They could send in special forces covertly and destroy all ASICS warehouses, with explosives.
4. They could just compromise the 4 mining pool operators and make them double spend and freeze all new transactions. 
5. They could just threaten to bomb anyone that mines bitcoin.

Realize that if the decision to use force is ever on the table, then bitcoin is dead.

Bitcoin Energy Waste ensures that mining operation can not hide from government eyes.

Only Proof of Stake networks have the ability to hide from a world government intend on destroying it.


that if things need to be resulted with violence but i think it wont need,though all your point is possible and valid as US has all the force,tools and people to break everything they thing is against their will.
but we also knew that people of US are gaining from crypto theres no need for destruction
Yeah, you are right. Bitcoin is developed a lot over the past few years. There is no other competitors who can kill the bitcoin not to be more popular among other people especially for the newbies who are trying to invest in Bitcoin project.
its not the competition that OP is talking about but something powerful mate,and you did not get the point there

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October 20, 2019, 06:26:11 AM
 #36

It's true that the newcomer of this Bitcoin, as well as a cryptocurrency platform, are seeking the opportunity to make money very rapidly so they people are getting  greedy about the Bitcoin, not only that but also some people are getting afraid of this system, there is a valid reason for this scenario, because we have seen a lot of people who have lost his worth investment from a scam project, that's why it's a fear also in order to enter into this platform. I think without a doubt that Bitcoin is not a fragile issue, so they know that it's not easy to stop this system, also they know a lot of people are engaged within this platform, but if you say about The USA's capacity then I don't agree with you, they could make anything that they need.

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October 30, 2019, 09:42:47 PM
 #37

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

Trump is strictly against Bitcoin but the U.S. or any other government is able to destroy Bitcoin. You can't easily defeat a currency, if you can't control it. So, Bitcoin will continue to thrive and reach much better levels.

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November 01, 2019, 01:22:31 AM
 #38

Ok, the Congressman is a fool.

If the US Government decided to go balls to the wall and destroy bitcoin, then sorry bitcoin will die.

1. They could confiscate all bitcoins in the US and crash the markets.

Nope. Make all Americans suddenly sell their bitcoins, and it would not "crash the markets", only produce a temporary downtrend, soon to be absorbed by the rest of the world.

2. They could have elite computer hackers target all nodes.

Nope. There are even nodes in Tor. Short of a bug in Bitcoin itself, there is nothing they can do. This isn't Ethereum...

3. They could send in special forces covertly and destroy all ASICS warehouses, with explosives.

That maybe, but it wouldn't stop mining. Besides, will your little country risk war with the likes of China and Russia? This isn't Afghanistan and a bunch of guerrilla fighters...

4. They could just compromise the 4 mining pool operators and make them double spend and freeze all new transactions.

Actually go ahead and try it. The real blockchain would go along, the moment you foolishly freeze yours (Are you even thinking?)

5. They could just threaten to bomb anyone that mines bitcoin.

Good luck eradicating computing power from the world.

Realize that if the decision to use force is ever on the table, then bitcoin is dead.

It would actually be really funny to see them try, please convince them, it would be really embarrassing. Have your so called cyberwarfare unit do it.

Bitcoin Energy Waste ensures that mining operation can not hide from government eyes.

Only if large scale mining prevails, which you yourself has already decided to wipe out. The Bitcoin network doesn't care.

Only Proof of Stake networks have the ability to hide from a world government intend on destroying it.

PoS is garbage.

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November 01, 2019, 02:01:01 AM
 #39

~Retard Speak.

Keep being clueless, if you like,
but just because you can't grasp what real power is ,
well it is your problem.  Smiley



And yet you are using the word "Retard". That should look so nice to the moderators...

Where is your power? Go ahead and "stop" bitcoin, it sounds almost as idiotic as ordering the Internet to stop. Maybe you belong to that group?

Do YOU think your little government can do it? We have already discussed a theoretical scenario where ALL governments cannot stop it, yet here you come claiming a single country can. Not it cant, Neither Trump, nor Putin, not all of them together. It was designed for this, like the Internet was designed for nuclear warfare, but you wouldn't know that, would you?

The Net interprets censorship as damage and routes around it. -- John Gilmore

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November 01, 2019, 02:58:06 AM
 #40

In my opinion no one can kill bitcoin, because bitcoin has a lot of devotees and its market is also big. As much as the USA and China
will not be able to kill bitcoin. To be sure there is no owner of bitcoin, everyone has the right to buy it. And also bitcoin cannot be
controlled by anyone. Unless there is a situation where the entire internet is dead, or we go back to the stone age that can only kill
bitcoin. As long as still there are enthusiasts even though a little bitcoin will continue to exist. Because bitcoin is the future.

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