Bitcoin wasn’t created to make you rich. It was created to Enslave U & Track U

[Kittygalore]

If you think that Bitcoin is a trap to enslave you and track everything then you have the power to not use them. It is your choice and i am not doing anything illegal with my investment and even if a government wants to track my transaction i do not care but i need the privacy from the general public as i do not want to expose how much money i hold to anyone but naturally you cannot hide anything from the government.

We are living in a world where everything is monitored and no one will claim that bitcoin is created to make you rich but to be more transparent. Basically anyone who reaches a market during the initial stages will make a huge profit and you cannot say that about a user who invests in the market a decade later as the profits will be minimal like the other markets.

OP will be an idiot if OP were to not use bitcoin, I mean does our address pinpoint us exactly where we are in the world at a 100% accuracy. I don't get how you are scared of getting tracked when you have all your personal information on the hands of the government, if you don't want to get tracked, try not using electronics and mobile devices and live on the mountains.

[maxreish]

No, it's not. I, myself enjoying my profits today from investing in bitcoin. It wont make us slave, otherwise it makes us to be free from using it without worrying that it may be handled by the third party. We control our own money.

I dont know where did you get the idea of tracking us down but it is not the way you think it is.

[sapnu]

It doesn't matter why bitcoin was created, the only thing that matters is how you use it for your own benefit. You are the one who gets to decide what will bitcoin do to you like for example, if you are too reckless with your decision making then bitcoin would never be an instrument for you to get rich as it sucks out all the money you are investing. On the other hand, in terms of being anonymous, bitcoin has been proven to be a safe currency and also we should already know how well secured it is just by seeing that it is used on illegal transactions in the black market so I guess there's nothing to worry about bitcoin being a tool to enslave us or track us down.

[Bravehash]

As far as I'm concerned no other crypto coin matters more than bitcoin, you people should accept the fact that any new coins you bring to the table either privacy or other is still an alt, BTC rules and stop talking about enslave, if something that was created to enslave me can make me rich then I would forever be enslaved.

[Bitstar_coin]

You are at liberty to either use btc or not to use it, even if btc was created to enslave people as you claim (which I heavily disagree on) you can always make the choice to use it or not,

Between aside centralize exchange that requires kyc before doing any btc trade, holding btc itself does not require any personal information,  it doesn't display any information about the holder except the content of the particular wallet holding btc,  so am finding it difficult to share your opinion.

[Miike]

I dont think i can  support this ascertion  due to the fact that wven the world richest man has even made it increase in price after he bought over 1.5billlion of it and someone would say it is an Enslavery coin i dont dupport it one bit

[el kaka22]

Do not worry about these kinds of topics guys, they are just fudders who have missed out on crypto and that's all, or maybe they are trolls and have fun getting all the attention. I mean there are people on this planet who are so alone, so lonely that even getting hate, even getting cursed at, even saying the most awful and horrible things to get a bit of attention seems like an option for them, I have seen much more sick stuff compared to this and Bitcoin being an enslavement is just an opinion so it is fine.

This is why I do not look at all the fudders, I just care about what we can do and not topics like these. You can do your own research, look at what bitcoin is, what it has done in the last 10 years, how much money people made, how many people paid of school debt, mortgages and many other stuff, and then come back and read this, you will see it is just funny.

[jaysabi]

Original 2009 had lofty promises

Cheap, private, be you own bank, F*ck U to the FED-BIS-IMF....

Now 2021 IRS-Coinbase rules Bitcoin-org

Most people have sold out any promise of freedom in exchange for US-GOV control 100% of btc

Nobody talks about the fact that all mining/consensus is done in China

Now they have dropped the myth of privacy, and promise you pseudo-privacy, sort of like virtual-pregnancy

Damn sure, bitcoin was not created to make you rich, but today 99% that's the only reason they're here, get rich quick.

Post 2014 BTC has attracted the worst scammers, criminals, robbers, con-artists on earth, why not they can steal legally, as nobody who loses their money can go to the police

...

Past two weeks BTC has entered a free-fall, down -25%(-47k), now at -20% ( $53k); all the while alt-privacy coins have continued to sky-rocket,

A month ago $1k in DOGE would be $50k today, $1k in BTC would be $800 today; If they're only here for money, how long do you think the 99% will stay??

...

Lastly BIS-IMF created BTC whitepaper 1997, BTC is SHA256, and Secp256k1 two NSA algo's; BTC is NSA 100%

This is a pretty stupid post since most of this is demonstrably false and even the stuff posted in the OP is self-contradicting.

OP: "US-GOV control 100% of btc"
Also OP: "Nobody talks about the fact that all mining/consensus is done in China"

So which is it, 100% controlled by the US government, or controlled by China?  (Also, bitcoin is not controlled be either the US government or China.)

More lols- "BTC has entered a free-fall".  You must not know what "free fall" means.  At the point it's rising, it's not in "free fall."  Also, 25% down isn't even that big of a drop by bitcoin standards. Damn son, some of us here been around for far steeper "free-falls" (to use your incorrect term). And it "free fell" all the way down to $53k? The horror!

In summary, you're a clown.

[macson]

track?  you do not stop issuing opinions that are totally contrary to the situation.  there is no reason i can be tracked with Bitcoin when i use the Tor network and p2p trading.  

Enslave?  since i became a hodler, i've made 5x profit from my capital, how can Bitcoin enslave me?  you really are out of your mind.

Bitcoin was create to keep all of us bank-free, that's all ^{(be your own bank)}

[pinggoki]

To be honest in the real world it is really very easy to track someone because the identity was already public but in the bitcoin you cannot trace or track anyone or maybe it would be so hard to track anyone here. Just give the scenario if the person is using coinbase which can generate different wallet address as long as you want then how the people will be able to track those kind of person? Imagine a lot of people is using wallet address and yet it is very hard to be trace.

[iamsheikhadil]

No, it's not. I, myself enjoying my profits today from investing in bitcoin. It wont make us slave, otherwise it makes us to be free from using it without worrying that it may be handled by the third party. We control our own money.

I dont know where did you get the idea of tracking us down but it is not the way you think it is.

Lol, OP is noob, he doesn't know properly what decentralization is! Technically one can just use a mixer and that's it, the funds that once belonged to them will remain belonging to them and no one can even trace the funds from where it came and go through. Bitcoin has given the common good citizens of this planet the freedom that we have been longing for since ancient times!

[justdimin]

Original 2009 had lofty promises

Cheap, private, be you own bank

I can get your points as these days lots of interference into the core part of decentralization of bitcoins. Because, bitcoin may not remain as just a bank as intentionally or unintentionally it has slowly changed as an asset. So, some changes from the beginning days is inevitable.

Most people have sold out any promise of freedom in exchange for US-GOV control 100% of btc

This is really annoying, I accept. Even many crypto-only exchanges/casino also started asking to clear KYC norms. They simply forget why they are still remaining as crypto-only based services.

Nobody talks about the fact that all mining/consensus is done in China

I guess this is just temporary as over the time, bitcoin may retain all its power by its own way when mining will be feasible on all other countries as well. For this to happen, firstly countries need to understand bitcoin and how beneficial it is to their economy and I do see many countries has started that part.

[paxmao]

You can argue that electronic money in general can be used to track the spend of the users and I would agree with you. Just think of initiative such as the digital euro and the digital dollar that could potentially be only held on named accounts and all movements registered.
However it is very clear that bitcoin is not the right tool for that purpose and that someone with the intention to track would have made a completely different chain or technology. Bitcoin is not anonymous and has never made the claim of being so, but that is a different thing. You can always use privacy coins if that is what you are intending to say.

[dificanovi]

not all people are in coinbase.  i don't think 50% of the crypto trader are in coinbase. but you're right that BTC isn't meant to make people rich. not everyone can trade and if you panic sell you'd really mess up your investment.

bitcoin does not make people rich, this sentence is only for people who have no knowledge of cryptocurrency trading. for me bitcoin really helps our economy to be better and can even make us rich.
people who do not have knowledge of crypto currency trading will always fail because they are not careful, impatient and have a very high fear.

[uneng]

Many OP's points make sense, but with all the disadvantages and sabotages to bitcoin presented, it's still better than fiat. What another options do we have? None.
Fiat enslave and track you too, especially due to inflation which eats your patrimony. With bitcoin at least it's quite the opposite regards this matter.

[Hydrogen]

Bitcoin isn't 100% perfect. Nothing ever is. Nitpicking self perceived imperfections as justifications for mass condemnation of something doesn't improve circumstances or elevate anyone. Wanting to condemn crypto in its entirety for a slew of pyramid schemes from 2012. Assuming these negatives outweigh the positives, is premature at best and self destructive at worst.

The real question is: would the world be a better place without bitcoin, than it is with it. I think we can all agree that cryptocurrencies empower society. They give people crucial access to options and tools they need to solve problems related to finance and money.

Would anyone care to contend that perceived negatives associated with crypto outweigh the positive benefits. Innocent until proven guilty is a great mandate to deter recent trends where media and anonymous unnamed sources have unfairly been elevated to being judge, jury and executioner.

There are many investigations and penalties directed at banks who laundered money for shady russians, terrorists, drug cartels and rogue states. All indications are banks and paper money being the #1 safe haven for criminals who typically prefer to avoid the paper trail associated with digital or crypto based transactions.

SHA and the elliptic curve cryptography bitcoin is built on were different technologies last I checked.

If your goal is to write a damning piece on crypto could you please do it without automatically triggering the "so easy a caveman could do it" responses most of us have read in response to the hundreds of "bitcoin was created by the NSA/FBI/CIA/government" threads posted here over the last 10'ish years.

[tbterryboy]

Original 2009 had lofty promises

Cheap, private, be you own bank, F*ck U to the FED-BIS-IMF....

Now 2021 IRS-Coinbase rules Bitcoin-org

Most people have sold out any promise of freedom in exchange for US-GOV control 100% of btc

Nobody talks about the fact that all mining/consensus is done in China

Now they have dropped the myth of privacy, and promise you pseudo-privacy, sort of like virtual-pregnancy

Your post is showing that you’re bitter, you must be having some serious issues other than what you’re complaining about here. Maybe you list money or something like that and you just want to pour your frustration.

At first I thought you were going to be talking about the Blockchain because it’s an open space that allows anyone to be tracing your address once they have it, and that way they can know how much goes into it and out (Of course that’s how it’s meant to be), and then I discovered that you’re just confused , because you were not arriving at any point with what you are saying here. Although you are right about a lot of people that wants to get rich quick, I know that there are so many of them.

[doomloop]

Post 2014 BTC has attracted the worst scammers, criminals, robbers, con-artists on earth, why not they can steal legally, as nobody who loses their money can go to the police

The problem is not bitcoin, the problem is those people your talking about, so there is no need of saying that it is enable by criminals. I make use of bitcoin, and for sure I don’t even support all those people calling it a digital gold, oil and whatever (when people around me use those words I correct then immediately that bitcoin is simply bitcoin and a cryptocurrency and nothing more than that) those people are the ones who sees it as a means to milk out the whole money they need, they are always telling you that price will get to one million dollars.

But having such people doesn’t mean that there are no good people in their right senses that knows why they are here, just that you don’t want to notice them.

[pixie85]

Some people seem to think that everything is centered on the US and their agencies. I'd like to see how a US agency enslaves people in Asia or Africa.

Is some 3 letter agency from the US going to care if someone in far Russia pays with Bitcoin? They can't do anything about it!

I agree that Bitcoin isn't here to make us rich, but it's not some government tool either.

[livingfree]

There are also mining that happens in other country, don't mislead people that mining is only happening in China. The fact is that there's a huge share in China but you're saying that all of it happens there.

Bitcoin might not be made to make me rich but what it's showing today is giving some good chance to make a well being in the future. Thus, there were those investors that can be said rich by now because of bitcoin.