The Truth That Will Eventually Kill Bitcoin

[tambok]

it would be stupid for OP to think he can convince anyone here that BTC is a fraud.  big people in the real world business are now becoming an BTC enthusiast like Draper and Elon Musk. how the hell is this war being BTC as fraud going to win now that there are also government officials claiming to own some BTC.

that video is not going to result to something like people will hate BTC. thats not happening.

He thinks that he can manipulate the mind of people here, he didn't know that we all knew it and we are already aware of it and that we don't need his suggestion and concern, if  he's afraid of the Bitcoin then he's free not to join and not to do crypto at all, he can always leave here and to never invest in crypto.

[1713908787]

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[1713908787]

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[isaac_clarke22]

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If you don't trust Bitcoin then why have an account on this forum? Nowadays people try to misinform people at any cost, so that they never go beyond their economic status. There is nothing wrong with warning people, but this is not warning, just manipulation. It cannot be fraud, given that the market already exists as a means of payment and people have made a lot of money investing in BTC. It is just a manipulation for people to sell their investments and the BTC price to fall.

It is the internet. It's gonna be either plenty of trolls or those who encourage people. There will be FUDs. I got dozens of receipts already in my wallet when I tend to convert my BTC to fiat which is equivalent as to selling it.
No matter how hard we try to stop the manipulation, there will be people that'll just go straight up panic out of crypto.

[keeee]

Not agreed,If you research it thoroughly will find BTC is decentralized and independent no one can control it.Frauds and scam everywhere even government is fail to stop the frauds but can minimize the frauds.

Bitcoin future is bright,still government and financial institutions against the BTC but rising rapidly and people switch to get in BTC. Main reason to get in BTC is financial freedom and its users are globally connected and make transaction independently.

I agree with you,  government doesnt have any power to control bitcoin as it is decentralized which make it more strong and independent. Bitcoin cant be kill easily as it is now continously growing and getting better now. 

[Webetcoins]

In the below 6-minute video, it is explained why Bitcoin is a fraud where a gift record is falsely presented to the public as a market item.

https://youtu.be/LlPwmW4XphE

The only reason that I will believe that bitcoin will die is if everyone will stop using bitcoin, and satoshi himself announce it but it its just a video created by an enthusiast I wont even believe anything about it, lots of people predicting something but no proof

Nothing can simply effect this market in any way. All the posts and videos about Bitcoin and Blockchain end are mere useless stuff. Try to follow the authentic sources and sites. Also the personal research can give you the best knowledge of what is the future of Bitcoin. Just turn your focus from such baseless predictions and assumptions toward how you can take benefit of this technology.

[antikvark]

In the below 6-minute video, it is explained why Bitcoin is a fraud where a gift record is falsely presented to the public as a market item.

https://youtu.be/LlPwmW4XphE

The only reason that I will believe that bitcoin will die is if everyone will stop using bitcoin, and satoshi himself announce it but it its just a video created by an enthusiast I wont even believe anything about it, lots of people predicting something but no proof

Nothing can simply effect this market in any way. All the posts and videos about Bitcoin and Blockchain end are mere useless stuff. Try to follow the authentic sources and sites. Also the personal research can give you the best knowledge of what is the future of Bitcoin. Just turn your focus from such baseless predictions and assumptions toward how you can take benefit of this technology.

The truth is only useless for those who deny it.

[FaithInCrypto]

very strange if there is someone who hates bitcoin but still likes being in the bitcoin community, Your place should not be here, I'm sure almost every bitcoin holder already knows the benefits and risks when using bitcoin, maybe you are a person injured because of bankruptcy in bitcoin 

Well, I've seen a few more people here talking about the bad side of Bitcoin but they are still here in the forum. Looks like they need to be educated since they don't know what they are doing.

[tbterryboy]

In the below 6-minute video, it is explained why Bitcoin is a fraud where a gift record is falsely presented to the public as a market item.

https://youtu.be/LlPwmW4XphE

You need to understand that people can say anything when they hate Bitcoin. There are lots of people who didn’t get the opportunity to invest in Bitcoin when the price was low so they are now pissed when they hear people mention it. Just like someone I know that’s always angry for that same reason, sometimes he wants to invest in Bitcoin but he’s afraid that he might lose his money, and if the price should go up then he gets pissed that he missed it and then he starts getting angry and saying Bitcoin BS. He just wants to make money and he doesn’t want to lose, he’s also not ready to take the risk.

So, don’t listen to what haters are saying, you should do proper research and make the decision yourself.

[ScamViruS]

Let’s take haters as the motivation for yourself. As there are always two sides of a picture same is the case with trade. You will always find two types of people one who will appreciate you and your work others will be the haters, they will always pin point the negativities and will discourage you. Instead of focusing on their negative points take it as a motivation for you, they are saying this because they are afraid of your success. Why too afraid of rumors, focus on the reality which is Bitcoin exists as a powerful cryptocurrency and will progress more.

True. It is better to ingnore those who see the good thing with the bad eye. Their job is to create a fud with a baseless issue. They have tried to stop Bitcoin before and now still continue. But they are not getting success. Bitcoin is moving at its own pace. They do not have the ability to stop bitcoin. Through this video, he knows exactly what OP means. We do not benefit by watching their shit videos. So I think ignore is a better option.  

[FlightyPouch]

very strange if there is someone who hates bitcoin but still likes being in the bitcoin community, Your place should not be here, I'm sure almost every bitcoin holder already knows the benefits and risks when using bitcoin, maybe you are a person injured because of bankruptcy in bitcoin 

Well, I've seen a few more people here talking about the bad side of Bitcoin but they are still here in the forum. Looks like they need to be educated since they don't know what they are doing.

Well, let them stay here the way they want it. The more they stay here, the more they will be convincing themselves that they are fooling themselves. There is no perfect program, there is nothing in this world that is perfect, and if bitcoin has a bad side, all of the other things too. The thing here is that the haters always look at its bad side rather than its bright side.

[drachman]

In the below 6-minute video, it is explained why Bitcoin is a fraud where a gift record is falsely presented to the public as a market item.

https://youtu.be/LlPwmW4XphE

Avoid seeing these dirty things. A hater is always a hater. Negativity against bitcoin is nothing new. Many have tried before and still they trying. But Bitcoin is growing just like itself. Why don't they say something against the banking system? Why don't they say something about government printing money everyday? I believe Bitcoin, that one day everyone in the world will use Bitcoin.

Btw This channel has no subscribers. It is understandable by looking at it. What is the purpose of this video.

Most of those that criticize bitcoin are only repeating the points of people that do it because they know that bitcoin is a shift on our understanding of the economy, banks and money in general, they do not understand the economy and how the financial system is rigged to benefit those at the top and no matter what you do they will always have the upper hand, bitcoin changes all of that, that does not mean there are not going to be very wealthy individuals but at least we are all operating under the same rules.

[taiwoadex96]

Thank you for exposing banks in your video... At 0:34 the video mentions the dollars are created by giving out "loans" in this case it was $10,000. What the video failed to show is that the repayment of that loan isn't $10,000 but rather a standard interest rate will be applied on it... So when only $10,000 were "created" the "Borrower" in the real world would have to return back $12,500... The $2,500 which didn't even exist in the first place will have to be repaid. That's how economic debt increases every single day... That's how banks are a scam! You are returning something doesn't even exist yet...

Moving on to Bitcoin not having an "Economic value". Let's define first what is "Economic value"? Simply put

Economic value can be described as a measure of the benefit from a good or service to an economic agent. It is typically measured in units of currency. Another interpretation is that economic value represents the maximum amount of money an agent is willing and able to pay for a good or service.

Consider the agent buying a service from a miner... The service is moving Bitcoins from one address to another which requires POW ^{( proof of work )}... The currency paid for this service is FIAT. In simple words, the agent is paying for the hashing power he is technically renting... So my question to you now is how is bitcoin a fraud again?

Hi, thanks for the first non ad hominem comment.

Why would interest have to be paid monetary? Interest is just the cost lenders charge for borrowing money and this charge can be paid in a number of non-monetary ways — in goods, services, bonds, stocks, commodities... So, if the banks would stop creating new dollars and completely abandon them as means of exchange, the borrowers would simply pay the interest in some non-monetary assets.

Regarding the economic value of Bitcoin. There is none. Bitcoin is just a record, while an economic value exists outside the record - in market items, as explained in the video. The agent buying a service from a miner simply means that miner uses electricity to transfer record from one virtual address to another and to maintain this record. And this obviously  doesn't make this record a market item with an economic value.

Bitcoin is not a fraud it similar or more or less the same as PayPal. It is a form of payment online that is acceptable by many countries.
Referring to the use of Bitcoin as a payment instrument, its use compared with cash, debit, credit or ACH has these significant advantages:

Faster
Less expensive
Immutable *
Public audit trail
More trustworthy

It has its own economic value in the market place
Immunity from manipulation
* Some individuals argue that immutability is not always a benefit, because arbitration and reversal is unenforceable. This is a common misconception. Contracts, warranty rights, arbitration, or rescission can be added by agreement before a transaction, and a mechanism exists for this purpose.

But sometimes, immutability is a profound benefit—and it cannot be added to legacy payment instruments. This is because they are built upon a model of centralized, authoritarian trust. An ‘authority is in a position to alter the historical record. With massively distributed crowd-source trust built on math rather than personal reputation, history is a more reliable record of the facts.

[Anifisochka]

The transaction of bitcoin is open and transparent, which is exactly what we want.

It's the choice of society and people, just like Darwin's theory of evolution.

In my opinion, cryptocurrency and bitcoin will not disappear, it will always exist.

If you think bitcoin will disappear, you shouldn't be here. You can look at other things.

[Toshko]

In the below 6-minute video, it is explained why Bitcoin is a fraud where a gift record is falsely presented to the public as a market item.

https://youtu.be/LlPwmW4XphE

If anything - Bitcoin has the most transparent and verified way of working/existing as a system. The blockchain is awesome! Nothing to worry about.

[Smartvirus]

very strange if there is someone who hates bitcoin but still likes being in the bitcoin community

Very strange indeed and you can imagine that this individuals actually owns bitcoin! What's the aim, sometimes I wonder. They become an ilagentb9f fud in anywhere they discover crypto enthusiast to gather. One question is,

Are these persons really needed here?

I best guess funny enough is that, I think they are actually needed. They come to spread the fud that would make us stronger and more united. You know, the link is stronger with the adverse situation it most have endured I  time. These persons can actually be those that actually trick the weak hands to sell so they could accumulate some sats. Savage strategy but, a true crypto enthusiast knows better.

[Smartvirus]

very strange if there is someone who hates bitcoin but still likes being in the bitcoin community

Very strange indeed and you can imagine that this individuals actually owns bitcoin! What's the aim, sometimes I wonder. They become an ilagentb9f fud in anywhere they discover crypto enthusiast to gather. One question is,

Are these persons really needed here?

I best guess funny enough is that, I think they are actually needed. They come to spread the fud that would make us stronger and more united. You know, the link is stronger with the adverse situation it most have endured I  time. These persons can actually be those that actually trick the weak hands to sell so they could accumulate some sats. Savage strategy but, a true crypto enthusiast knows better.

[Lorence.xD]

If anything - Bitcoin has the most transparent and verified way of working/existing as a system. The blockchain is awesome! Nothing to worry about.

It is transparent in a way but I don't think it is the most transparent system there is because the system doesn't reveal who is the person behind the address. Also, bitcoin is too big to die now to be honest.

[swati88chd]

Two types of Bitcoin killers are  Governments and hackers. You'll hear things like governments will ban it or hackers will take it down. Technical attacks damage the network, while political hurt Bitcoin holders.

[secretgirl]

very strange if there is someone who hates bitcoin but still likes being in the bitcoin community

Very strange indeed and you can imagine that this individuals actually owns bitcoin! What's the aim, sometimes I wonder. They become an ilagentb9f fud in anywhere they discover crypto enthusiast to gather. One question is,

Are these persons really needed here?

I best guess funny enough is that, I think they are actually needed. They come to spread the fud that would make us stronger and more united. You know, the link is stronger with the adverse situation it most have endured I  time. These persons can actually be those that actually trick the weak hands to sell so they could accumulate some sats. Savage strategy but, a true crypto enthusiast knows better.

yes, of course the people who have benefited a lot from bitcoin, they will not be disturbed because for them news like that is stale. not a few people are trading crypto and they are still here today. the point is there is nothing that can change a person's mind if that person can make a profit with crypto. maybe the person who made the post above can't benefit from crypto and maybe he always fails.

[Rebdoomer]

The truth that will eventually kill fiat money. If governments keep printing out free money from their money tree. The negative consequences of hyper inflation will happen.

[Agbe]

The Truth That Will Eventually Kill Bitcoin

In the below 6-minute video, it is explained why Bitcoin is a fraud where a gift record is falsely presented to the public as a market item.

https://youtu.be/LlPwmW4XphE

I don't think that Bitcoin as a Currency will die. Remember Bitcoin is not a company promised you to increase your income and it is not for business and also it is not for a profit oriented. It is a digital currency for buying and selling of goods and services. Bitcoin has come to stay, and I also don't think that Bitcoin will bow down for fiat currencies because nobody control it. Either the fiat currencies will bow down for Bitcoin. The individual Countries can't tell the users of the currency to stop using it.

The video your provided is just to damage the good Image of the currency. Various Governments have tried their best to eliminate Bitcoin but they can't. Therefore, for Bitcoin to eventually died, that means, the whole internet will be dead.