Bitcoin is the central bankers trojan horse out of fiat.

[Pizzalover420]

Who will own all the coins in the end?
Who can buy all the miners right now?
Who can buy all the coins right now?

The central bankers.

If and when bitcoin replaces fiat. The guys with the most miners at that time will always stay on top.


You want to make something better than fiat and bitcoin that will replace both of them?

Create a coin everyone mints at the same rate.


Spoiler: NETWORK FEE is fancy words for ENFORCED TAX.

Dipshits.  You`re all idiots. Enjoy your slavery.

[bittraffic]

They can do that but if all are bought by them who else will use it?  And then we can use other coins out there like LTC or doge, will they all buy it up again?

It's all going to make them buy everything just as we all could just use any other coin out there that's a big problem still for them. They can enjoy buying it all up.

[jackg]

Do governments really care about their currencies though?

Enough European ones are still busy trying to accept gold based coins as legal tender so I don't think they really care so much.

They're still likely to be able to say - if you don't pay tax you can just go to jail or we'll extradite you. And considering you'll probably either be buying groceries with your wallet or a tractor then they'll likely find you.

[tbct_mt2]

Who will own all the coins in the end?
Who can buy all the miners right now?
Who can buy all the coins right now?

You can do all: own all, buy all miners, buy all bitcoin if you have enough money.

With bitcoin, you can store it in a non custodial wallet and no one, no government can steal your bitcoin. They can not freeze your bitcoin wallet.

Spoiler: NETWORK FEE is fancy words for ENFORCED TAX.

Please don't want to get rich with something is free. Is it fair when you earn money when you move your bitcoin to take profit but miners have to confirm your transaction free of charge for you? They have to pay for power bill to run their ASICs just to confirm your transaction.

In any nation, you have to obey local rules and tax responsibility. Many faucets in the past which generously gave away free and big amount of bitcoin but faucet hunters sold all of their free bitcoin.

[mk4]

Ah, back at it again with the classic "government/bankers can buy all the coins" argument, not even taking into consideration that the price will shoot straight up as money floods in. Probably first learn how markets work before making such silly arguments.

[kotajikikox]

Who will own all the coins in the end?

ALL ? what if I maintain all my Bitcoins forever ? does anyone can take it from my wallet?

Who can buy all the miners right now?

What if My Brother(Who is a Miner) won't sell all His rigs can The government sequester them from Him?

Who can buy all the coins right now?

The central bankers.

Lol Central bank of your Country ? because you seems to be a Hater of Canadian Government , are you a Frustrated politician that never win any election ?

Look at your Post History , attacking "  Justin Trudeau over and over.

https://bitcointalk.org/index.php?action=profile;threads;u=2890175;sa=showPosts



Why not focus on your Farming life and enjoy your Peaches , and let us be here and trust crypto with our own risk?

[pooya87]

Dipshits.  You`re all idiots. Enjoy your slavery.

Thanks for your very very wise words, you must be a very intelligent person. Now I'm going to rush to a bitcoin exchange and panic sell all my bitcoins and run away screaming. /s

[Kittygalore]

They can buy it all up but probably that time Bitcoin's value is worth millions. So instead they'll buy up all the miners goodluck with the mining cost and still not enough hash power to control the entirety of the network.

They will be able to buy a lot of bitcoin even if it costs a lot of money, I mean banks work on the principle of fractional reserve banking which means that they can buy this bitcoin even though they don't have the money at hand, that is how they are screwing over the people because they are the only one that has that kind of privilege.

[Wind_FURY]

Spoiler: NETWORK FEE is fancy words for ENFORCED TAX.

It’s a fee market, not an enforced tax.

If only it was very simple for the network to hard fork to bigger blocks, increase transaction throughput, WHILE ALSO not sacrifice decentralization.

I believe the trolls have sold early, because they believed in the narrative that “smaller blocks = death of Bitcoin”, to HODL a forked-shitcoin-scam.

[20kevin20]

Create your "fair" coin and let us be. I'd bet anything it'd turn into a failure.

Everyone mints at the same rate, right? When people sell, who buys their coins? If after one year you still get 1 coin per minute and someone accumulated a million coins while still earning 1 coin per minute, they will ALWAYS be in advantage.

Fairness is almost impossible unless you want to launch some communist-like currency. And where there's extremism, there's no more freedom. So this is completely contradictory to what we're trying to achieve with Bitcoin's existence.

As long as there is a way to profit and take advantage, there will be no equality.

[Lucius]

Want to portray yourself as some kind of intelligent person on a forum who knows what will happen in the future? Then you should know that there really is no point in spamming us with threads like this every 2 months - at least be so intelligent and bump old topic.

What is electricity bought with?
What are coins bought with?
What are miners bought with?
Fiat.

Who will have the biggest mining farm in the end?
Central bankers

Who will collect all coins in the end from network fees AKA enforced tax fees?
Central bankers

Sorry to say
"bitcoin is almost as bs a fiat" -Elon Musk

Stay enslaved idiots.
I showed you the way out and my post keep getting deleted from this forum for 10 years now.

Everyone should be creating the currency not a select few(fiat) or people with cash(bitcoin).

Mint supply 1 hour coin an hour to all willing participants.

You call people idiots, but who turns out to be the biggest idiot in everything? You and your Pizza coin that will save the world

[7788bitcoin]

The central bankers.
If and when bitcoin replaces fiat. The guys with the most miners at that time will always stay on top.

Why in the sane world they would do that. The miners are supporting the network and do you have any idea how many billions are invested in these farms and you think they will purchase all these used miners or block anyone getting the new miners  .

You want to make something better than fiat and bitcoin that will replace both of them?

No where in the white paper of bitcoin it says it is created to replace fiat, who gave you that impression  .

Spoiler: NETWORK FEE is fancy words for ENFORCED TAX.
Dipshits.  You`re all idiots. Enjoy your slavery.

I get it, if you never had the capacity to invest in bitcoin when the price was really small. I understand your frustrations .

[worle1bm]

Who will own all the coins in the end?
Who can buy all the miners right now?
Who can buy all the coins right now?

The central bankers.

If and when bitcoin replaces fiat. The guys with the most miners at that time will always stay on top.


You want to make something better than fiat and bitcoin that will replace both of them?

Create a coin everyone mints at the same rate.


Spoiler: NETWORK FEE is fancy words for ENFORCED TAX.

Dipshits.  You`re all idiots. Enjoy your slavery.

The bitcoin has came long way and the prices have reached so high at $55k that its impossible now to make bitcoin centralized currency.With Tesla $1.5 billion investment they just got a tiny share of the total supply of bitcoin of 21 million.With increased prices chances became less to own more supply of bitcoin.The banks will not spend billion of dollars into bitcoin just to make it centralized because it wont work.So in the turn bitcoin became decentralized in nature as rich individuals cannot hold the major share in the market.The banks also charge various fees from customers in the form of interest and same is the case with the miners.They need to be paid for validating transactions and keeping system secure which is much less than other sources.Can you transfer millions to other account with nominal fees of $5-$10 through central banks without any documentation? But its possible with the help of bitcoin.So we need to appreciate its feature rather than criticizing its usage and if you don't like it shift to other traditional methods of payments and leave the market freely.

[iTradeChips]

In my opinion, I really do not see Bitcoin as sort of weapon against traditional finance. I see Bitcoin as another instrument that can be utilized by finance so that one can gain profit. It is not really a competition to fiat but sort of complementary tool. If you get too much Bitcoin you will convert it back to fiat one way or another. So to those that think that Bitcoin is the arch enemy of finance and traditional world currency, then they might be in for a surprise in the near future. When all countries will accept Bitcoin as a recognized currency.

[AakZaki]

Bitcoin or cryptocurrency is incorrectly called a trojan horse (read as a harmful virus). Bitcoin is a digital payment that can coexist with traditional finance. Fiat and bitcoin are not synonymous, but each financial system has its advantages and disadvantages.

Currently, the increasingly popular use of cryptocurrency, of course more and more people understand new payment technologies. Fiat or traditional finance will never be abandoned, because cryptocurrency or bitcoin requires a traditional financial system.

Cryptocurrency is a good alternative payment system if it is managed properly.

[Yurkov]

First of all, I think that banks still don't appreciate cryptocurrencies at all and don't pay much attention to them.
And even if someone wanted to buy all the coins, or all the miners, why would that? After all, if all the coins were redeemed, the price would rise to millions of dollars, and then the community would sell them and start using another coin, such as Litecoin. This type of scenario is impossible for me.

[boyptc]

What's that coin then?

Your coin that shall be known in the market and will also replace the bankers? the bankers don't have to buy those that you have mentioned. They can establish it instead of buying it unless they want a shortcut.

Owning all coins? I doubt it that they even care that lot.

[Wind_FURY]

What's that coin then?

Your coin that shall be known in the market and will also replace the bankers? the bankers don't have to buy those that you have mentioned. They can establish it instead of buying it unless they want a shortcut.

Owning all coins? I doubt it that they even care that lot.

OP might be a big blocker, then it will either be Bitcoin Cash, or its fork, Bitcoin Cash SV. Both coins that no Central Bank will ever consider to be feasible enough to be a World Reserve Currency. The forked-shitcoin-scams have lost, their narrative lost, their holders lost.

[davis196]

They can buy all coins,but who will be selling and for what price?
They can buy all miners,but what if Bitcoin core gets forked and all the true BTC fans run away and move their community.
Do you think that all the central bankers around the world are some kind of united secret elite that has the one and only purpose to buy all Bitcoins and all BTC miners?This is hilarious.
If you want an altcoin that can be mined by everyone,then why don't you just create one?
I'm sure that the value of such shitcoin will be no different than zero.
Why are you insulting other people,while posting your bullshit conspiracy theories and stupid altcoin idea?

[boyptc]

What's that coin then?

Your coin that shall be known in the market and will also replace the bankers? the bankers don't have to buy those that you have mentioned. They can establish it instead of buying it unless they want a shortcut.

Owning all coins? I doubt it that they even care that lot.

OP might be a big blocker, then it will either be Bitcoin Cash, or its fork, Bitcoin Cash SV. Both coins that no Central Bank will ever consider to be feasible enough to be a World Reserve Currency. The forked-shitcoin-scams have lost, their narrative lost, their holders lost.

His idea won't work.

That would give him the idea that those forks that have tried it before didn't even gain any traction. Well at least the beginning became good for them but they were eventually dumped by a lot.