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

[Silberman]

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.

People like us are never going to be convinced by a FUD that is so weak, however we are not the problem, there are many newbies coming to the market that could see something like this and get scared and sell their coins and lose a great deal of their capital just because they read someone on the Internet has a strong negative opinion of bitcoin, obviously they should not be so easily influenced but we know that it happens and it could happen on this instance.

[nightxglow]

Well the main purpose of bitcoin is not to make us rich, since before bitcoin is almost worthless. It's only because the price is so high right now that many people use bitcoin as a tool to be rich instantly. And i guess, we can still keep our anonymity as long as we don't give out our identity, still keeping everything secret and private. No way it will be able to track us, even if it do, it'll way too harder.
But still bitcoin gave a lot of advantages for many people, and most accept the risk and consequences of bitcoin, nothing's wrong with that, everyone can have their own decision.

[Alucard1]

Even with fiat currency, we are still on track so what matter when using cryptocurrency, cryptocurrency especially bitcoin is better than a fiat currency in some aspect so we cannot stop people from using it, it is better that you are the only one who controls your money without any third party which we can have with bitcoin. Bitcoin is not made for us to become rich but now people tend to become more active in cryptocurrency because of earning money.

[Kong Hey Pakboy]

I don't know how bitcoin is going to enslave and track us but I am sure that when I use bitcoin, there is no way that someone knows who I am unless I reveal my identity. Just because it is online doesn't mean that Big Brother is seeing our every move with bitcoin, you are just paranoid.

[awik p]

Even with fiat currency, we are still on track so what matter when using cryptocurrency, cryptocurrency especially bitcoin is better than a fiat currency in some aspect so we cannot stop people from using it, it is better that you are the only one who controls your money without any third party which we can have with bitcoin. Bitcoin is not made for us to become rich but now people tend to become more active in cryptocurrency because of earning money.

the shift in the function of bitcoin today is inseparable from its profitable nature to make money. but at least in this way, making bitcoin more widely known by the wider community, even the government seems unable to stop it, even though the decentralization inherent in bitcoin is contrary to the current banking system

[Silberman]

I don't know how bitcoin is going to enslave and track us but I am sure that when I use bitcoin, there is no way that someone knows who I am unless I reveal my identity. Just because it is online doesn't mean that Big Brother is seeing our every move with bitcoin, you are just paranoid.

The blockchain technology is incredibly powerful and while bitcoin itself will not enslave us if the governments beat bitcoin and they impose their fiat currencies in digital form then we will become slaves, after all it is likely that in their currency you are only going to be allowed to have one address and they are going to be in control of the private keys of everyone, meaning they can confiscate or steal your money, know every transaction you make and in the case they think you are against them then they will not let you to spend your money and without cash you will not be able to buy anything.

[tyz]

Who exactly tracks us and how can you identify a person is that address from the other almost similar yet different address? Are you bitter because you sold your bitcoin when it was dipping and now the prices has gone up again and you don't have a bitcoin because you sold at lower prices so you spread FUD so you are not alone in that sad place?

Well, it's no secret that Bitcoin is easier to track than fiat money. No wonder even the CIA likes Bitcoin

Bitcoin Is a ‘Boon for Surveillance’, Says Former CIA Director
Blockchain technology is underutilized as a "forensic tool," argues Michael Morell in a new report.

Source: https://decrypt.co/66411/cia-bitcoin-surveillance

There are a number of ways to assign the transaction to a person. The most obvious is when you want to convert Bitcoin to fiat, but beyond that there are a few others.

[sana54210]

The blockchain technology is incredibly powerful and while bitcoin itself will not enslave us if the governments beat bitcoin and they impose their fiat currencies in digital form then we will become slaves, after all it is likely that in their currency you are only going to be allowed to have one address and they are going to be in control of the private keys of everyone, meaning they can confiscate or steal your money, know every transaction you make and in the case they think you are against them then they will not let you to spend your money and without cash you will not be able to buy anything.

I do not think that they will have private keys of their digital currency, you can still have fiat and store it somewhere they can't get to you, you can also put it in a bank where they can get to you as well of course, but it is all about what you want to do and not what they can do, if you want to avoid getting your money stolen by governments you can do that. Work in cash, show high costs to not pay taxes, and put your cash in a vault which you hide, the problem is solved.

However it is not about hiding from government or not, it is about how governments control the macro economy where they ruin everything, 100$ today worths much less than what it used to 10 years ago, and will worth less in 10 years from now, why? Inflation sounds like a good thing for growing but when that growing helps the rich but destroys the poor, how come it could be ever a good thing?

[Febo]

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

No one forces you to use Bitcoin. When you do you should be extremely careful to not leave much traces. You can use Bitcoin that way, but if you plan to switch for all your finances to happen through Bitcoin you will have problems. Thing is that transactions you make today will be seen on blockchain 100 years form now. 10 years from now there will be way easier (one click) tools to do chananalysis.

[BIT-BENDER]

I understand their can be scam attacks in crypto-currency, all that is still same scam process that, attack the low secured, greedy and insensitive victims, and I said this before, scammers would still scam a victim in Fiat and not minding police report or what so ever.

Yes Satoshi never knew many of us -bitcoiners- and he can't possibly want or think it's possible for everyone who owns any amount of bitcoin to become rich, he originally created a financial master piece, which became a good value for investment and trading, and investment and trading traditionally can give profit or loss.

[Kong Hey Pakboy]

I don't know how bitcoin is going to enslave and track us but I am sure that when I use bitcoin, there is no way that someone knows who I am unless I reveal my identity. Just because it is online doesn't mean that Big Brother is seeing our every move with bitcoin, you are just paranoid.

The blockchain technology is incredibly powerful and while bitcoin itself will not enslave us if the governments beat bitcoin and they impose their fiat currencies in digital form then we will become slaves, after all it is likely that in their currency you are only going to be allowed to have one address and they are going to be in control of the private keys of everyone, meaning they can confiscate or steal your money, know every transaction you make and in the case they think you are against them then they will not let you to spend your money and without cash you will not be able to buy anything.

I don't have to worry about that kind of thing happening in my country though, the government agebcies are incompetent and slowpokes so I know that they will not do this kind of thing, there is some merits to living in a hellhole of country after all. And if the unlikely thing like that was to happen, I am sure that we are going to just completely avoid using it since it will be a different system compared to blockchain.

[Silberman]

The blockchain technology is incredibly powerful and while bitcoin itself will not enslave us if the governments beat bitcoin and they impose their fiat currencies in digital form then we will become slaves, after all it is likely that in their currency you are only going to be allowed to have one address and they are going to be in control of the private keys of everyone, meaning they can confiscate or steal your money, know every transaction you make and in the case they think you are against them then they will not let you to spend your money and without cash you will not be able to buy anything.

I do not think that they will have private keys of their digital currency, you can still have fiat and store it somewhere they can't get to you, you can also put it in a bank where they can get to you as well of course, but it is all about what you want to do and not what they can do, if you want to avoid getting your money stolen by governments you can do that. Work in cash, show high costs to not pay taxes, and put your cash in a vault which you hide, the problem is solved.

However it is not about hiding from government or not, it is about how governments control the macro economy where they ruin everything, 100$ today worths much less than what it used to 10 years ago, and will worth less in 10 years from now, why? Inflation sounds like a good thing for growing but when that growing helps the rich but destroys the poor, how come it could be ever a good thing?

I do not think you understood what I meant, I am not talking about bitcoin I am talking about the digital currencies that governments are going to release and it is too naive in my opinion to believe that governments are not going to have all the private keys of every single address ever created and that they are going to know who it belongs to, this is why we cannot let governments win this battle because if they do we do not know how long is it going to take for another project to challenge their power.

[wahyu wida]

I don't know how bitcoin is going to enslave and track us but I am sure that when I use bitcoin, there is no way that someone knows who I am unless I reveal my identity. Just because it is online doesn't mean that Big Brother is seeing our every move with bitcoin, you are just paranoid.

The blockchain technology is incredibly powerful and while bitcoin itself will not enslave us if the governments beat bitcoin and they impose their fiat currencies in digital form then we will become slaves, after all it is likely that in their currency you are only going to be allowed to have one address and they are going to be in control of the private keys of everyone, meaning they can confiscate or steal your money, know every transaction you make and in the case they think you are against them then they will not let you to spend your money and without cash you will not be able to buy anything.

I don't have to worry about that kind of thing happening in my country though, the government agebcies are incompetent and slowpokes so I know that they will not do this kind of thing, there is some merits to living in a hellhole of country after all. And if the unlikely thing like that was to happen, I am sure that we are going to just completely avoid using it since it will be a different system compared to blockchain.

It is terrible if fiat currencies are camouflaged as digital currencies, where it is like following the blockchain trend that is identical to bitcoin. I think the government is not yet ready to launch a digital currency which has the same system as fiat currency, and I think this is just a breakthrough that has no definite purpose

[jaysabi]

The blockchain technology is incredibly powerful and while bitcoin itself will not enslave us if the governments beat bitcoin and they impose their fiat currencies in digital form then we will become slaves, after all it is likely that in their currency you are only going to be allowed to have one address and they are going to be in control of the private keys of everyone, meaning they can confiscate or steal your money, know every transaction you make and in the case they think you are against them then they will not let you to spend your money and without cash you will not be able to buy anything.

I do not think that they will have private keys of their digital currency, you can still have fiat and store it somewhere they can't get to you, you can also put it in a bank where they can get to you as well of course, but it is all about what you want to do and not what they can do, if you want to avoid getting your money stolen by governments you can do that. Work in cash, show high costs to not pay taxes, and put your cash in a vault which you hide, the problem is solved.

However it is not about hiding from government or not, it is about how governments control the macro economy where they ruin everything, 100$ today worths much less than what it used to 10 years ago, and will worth less in 10 years from now, why? Inflation sounds like a good thing for growing but when that growing helps the rich but destroys the poor, how come it could be ever a good thing?

I do not think you understood what I meant, I am not talking about bitcoin I am talking about the digital currencies that governments are going to release and it is too naive in my opinion to believe that governments are not going to have all the private keys of every single address ever created and that they are going to know who it belongs to, this is why we cannot let governments win this battle because if they do we do not know how long is it going to take for another project to challenge their power.

China is releasing a digital Yuan (there's already a pilot program running in the country) and you're right, they are able to monitor the flow of money in real time. They know exactly how much money you have, where you spend it, and most alarmingly, they can assign the money to expire if not spent by a certain date which forces stimulus spending by the population without cost to the government of handing out money and hoping people spend it. Digital currencies are going to be a very bad development, and yet they seem inevitable.

[AndySt]

I do not think you understood what I meant, I am not talking about bitcoin I am talking about the digital currencies that governments are going to release and it is too naive in my opinion to believe that governments are not going to have all the private keys of every single address ever created and that they are going to know who it belongs to, this is why we cannot let governments win this battle because if they do we do not know how long is it going to take for another project to challenge their power.

China is releasing a digital Yuan (there's already a pilot program running in the country) and you're right, they are able to monitor the flow of money in real time. They know exactly how much money you have, where you spend it, and most alarmingly, they can assign the money to expire if not spent by a certain date which forces stimulus spending by the population without cost to the government of handing out money and hoping people spend it. Digital currencies are going to be a very bad development, and yet they seem inevitable.

The blockchain technology itself already implies a certain transparency of transactions, and this also applies to bitcoin, no matter what anonymity we are talking about. And as for incentive payments, everything is not so clear and so terrible, because if money is allocated for such purposes, then in theory it should be spent for these purposes, even if at a certain time. Another thing is that your earned funds should remain your funds without a statute of limitations, until you personally want to spend them for your own purposes. Unfortunately, digital currencies open up the possibility of abuse by the state, but let's hope that over time, society will be able to find ways to balance the interests of the individual citizen and the state.

[Princejebs]

Seriously man? To say that the post is written by a member rank, I can't see how dump these question and the questions that trouble your mind.
Tell me one person that has been using bitcoin that has been successfully been tracked by the US government. You made a mistake, bitcoin isn't a private assets, its a pseudonym assets. ( you can see everything that's happening by a wallet but you wouldn't know the actual person behind it). It has been for years without any form of problems.
Chinese are fully into mining because they see opportunities and a source of income since they can easily afford electricity. You need to make more research about bitcoin. 

[zanezane]

How do bitcoin exactly track my every move when I am online? I don't know what is the problem with bitcoin, I mean we are living in a world that revolves around money and payment for services so what is wrong having to slave grinding with bitcoin, if the world isn't what it is, I am pretty sure that it will be a different situation.

[jostorres]

I mean we are living in a world that revolves around money and payment for services so what is wrong having to slave grinding with bitcoin, if the world isn't what it is, I am pretty sure that it will be a different situation.

Yeah definitely a different situation, I agree but OP's concern is bitcoin is slowly deviating from decentralization which might lead to a state of conditions where you can be  tracked easily (as KYC is being made mandatory everywhere) and only some countries are holding major share on bitcoin mining hash power which may lead to take control of bitcoin consensus system at some point of time somehow.

I believe it is a basic responsibility of every bitcoiner to make sure that we are using only decentralized platforms for exchanges, gambling and for other similar services. And also we must focus on bitcoin mining in every country so that we will be having pure decentralization in every part of bitcoin ecosystem.

[zanezane]

~

Yeah definitely a different situation, I agree but OP's concern is bitcoin is slowly deviating from decentralization which might lead to a state of conditions where you can be  tracked easily (as KYC is being made mandatory everywhere) and only some countries are holding major share on bitcoin mining hash power which may lead to take control of bitcoin consensus system at some point of time somehow.

The problem isn't bitcoin or the decentralized platforms, it's the businesses that are doing the KYC. If you really want to not be tracked, they should probably fake your death and start of a new life.

I believe it is a basic responsibility of every bitcoiner to make sure that we are using only decentralized platforms for exchanges, gambling and for other similar services. And also we must focus on bitcoin mining in every country so that we will be having pure decentralization in every part of bitcoin ecosystem.

It is our responsibility, if only OP knows that then this thread wouldn't have existed in the first place. Also that's how decentralized platform works, you are responsible for your own skin and if you aren't then you won't last long probably.

[Silberman]

China is releasing a digital Yuan (there's already a pilot program running in the country) and you're right, they are able to monitor the flow of money in real time. They know exactly how much money you have, where you spend it, and most alarmingly, they can assign the money to expire if not spent by a certain date which forces stimulus spending by the population without cost to the government of handing out money and hoping people spend it. Digital currencies are going to be a very bad development, and yet they seem inevitable.

That is terrible, I was unaware they had added the ability to make money expire after some time, I have read about that capability for some time and how governments wanted to add it somehow to their money and it seems this is becoming a reality, however while they are stealing away the possibility of saving with their digital currencies it is as f they do not realize such a characteristic is going to kill that currency, after all while inflation is simply the increase in the money supply inflation is not really felt until the money velocity increases up to a certain point and a feature that forces you to spend your money will do exactly that.