Rajamuda
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July 03, 2021, 09:45:39 AM |
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Well that's a very smart thought, but even though bitcoin was created by humans, basically it is supported by many people to make it better known and more naturally developed. Regarding the price, indeed it is like being controlled by humans, but actually it is influenced by the interest of many people in buying and selling it. Bitcoin is like the future in terms of economy but not completely bitcoin sustains everything in terms of economy
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davis196
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July 03, 2021, 12:49:42 PM |
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OP,your post seems like a bunch of BS. Bitcoin is the ONLY thing that humans cannot control?The ONLY THING?What about the weather,mother nature and the universe?Can humans control everything in the universe? Humans can control the BTC blockchain,if there's consensus. Humans can control the Bitcoin price(to a certain extend).This has been proven many times before. Bitcoin is not some kind of deity or a monster.It's a system,which is created by humans and controlled by humans.BTC is not a supernatural force.
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fara_buduk
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gik nyareh proyek seteppak pas sepak
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July 03, 2021, 01:28:08 PM |
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OP,your post seems like a bunch of BS. Bitcoin is the ONLY thing that humans cannot control?The ONLY THING?What about the weather,mother nature and the universe?Can humans control everything in the universe? Humans can control the BTC blockchain,if there's consensus. Humans can control the Bitcoin price(to a certain extend).This has been proven many times before. Bitcoin is not some kind of deity or a monster.It's a system,which is created by humans and controlled by humans.BTC is not a supernatural force. actually there are many things that humans can't take part in, but.... maybe according to op; The value of money is usually guaranteed and regulated by the government or central bank of the country that issued it. Bitcoin is not regulated by any central bank or government. This is where the origin of the term decentralization comes from.
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pinggoki
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July 03, 2021, 02:08:06 PM |
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Due to the bitcoin is decentralized, there is no human that will be able to control it and because of that it becomes decentralized and the bitcoin becomes boom day after day due to its decentralized working. Just like what others say, it is really interesting for us that there is still a thing that a human cannot control, and thanks to the cryptocurrency no human can control it even the government doesn't have the key on how they will be able to control it.
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BITCOIN4X
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July 03, 2021, 02:26:47 PM |
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Do you realize why this bitcoin continues to exist, traded, used as a mean of payment, mined to this day because of human? If human can maintain the existence of bitcoin all this time, then humans can also make it die or not be used anymore. Unwittingly, bitcoin users through communities, trader and miner have controlled bitcoin to exist for more than a decade. If one day all the activities that make bitcoin exist have been abandoned then bitcoin will no longer be useful. This is of course the opposite of your assumption.
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hatshepsut93
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July 03, 2021, 02:36:35 PM |
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People can't control weather, people can't control cosmic processes, people can't even cure all diseases. Bitcoin is just software, and by definition it is controlled by people. Bitcoin community agrees or rejects on changes - that's control. Any ideas that Bitcoin is an independent entity are nothing more than Saylor-style cringe pseudophilosophy aimed at impressing noobs. IMO it even makes Bitcoin look bad, like some sort of a cult or a scam. Please, stop.
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molsewid
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July 03, 2021, 03:59:29 PM |
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Do you realize why this bitcoin continues to exist, traded, used as a mean of payment, mined to this day because of human? If human can maintain the existence of bitcoin all this time, then humans can also make it die or not be used anymore. Unwittingly, bitcoin users through communities, trader and miner have controlled bitcoin to exist for more than a decade. If one day all the activities that make bitcoin exist have been abandoned then bitcoin will no longer be useful. This is of course the opposite of your assumption.
I am agreeing with your insight mate I mean aside from Satoshi who created bitcoin which up until now we really don't know who really Satoshi is there's no other single person can control bitcoin but the sense that humans can't control it I guess is impossible. Bitcoin is a decentralized and meaning no one take control but everyone can make a significance impact to the flow of this token. We are those people who are representing the population of users, traders and investors of bitcoin and we are belong to those people who can make a significant impact, can't control in a literal meaning.
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RokokGudangGaram
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July 03, 2021, 04:36:26 PM |
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Do you realize why this bitcoin continues to exist, traded, used as a mean of payment, mined to this day because of human? If human can maintain the existence of bitcoin all this time, then humans can also make it die or not be used anymore. Unwittingly, bitcoin users through communities, trader and miner have controlled bitcoin to exist for more than a decade. If one day all the activities that make bitcoin exist have been abandoned then bitcoin will no longer be useful. This is of course the opposite of your assumption.
I am agreeing with your insight mate I mean aside from Satoshi who created bitcoin which up until now we really don't know who really Satoshi is there's no other single person can control bitcoin but the sense that humans can't control it I guess is impossible. Bitcoin is a decentralized and meaning no one take control but everyone can make a significance impact to the flow of this token. We are those people who are representing the population of users, traders and investors of bitcoin and we are belong to those people who can make a significant impact, can't control in a literal meaning. Well said by the both of you. I am one with your thoughts that although not a single person can control Bitcoin, the collective action and movement impacts the market at large. For context, China and Elon Musk, with their power and influence, these has caused a significant impact to the market although they do not have control of it.
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Mahanton
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July 03, 2021, 04:55:44 PM |
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Do you realize why this bitcoin continues to exist, traded, used as a mean of payment, mined to this day because of human? If human can maintain the existence of bitcoin all this time, then humans can also make it die or not be used anymore. Unwittingly, bitcoin users through communities, trader and miner have controlled bitcoin to exist for more than a decade. If one day all the activities that make bitcoin exist have been abandoned then bitcoin will no longer be useful. This is of course the opposite of your assumption.
I am agreeing with your insight mate I mean aside from Satoshi who created bitcoin which up until now we really don't know who really Satoshi is there's no other single person can control bitcoin but the sense that humans can't control it I guess is impossible. Bitcoin is a decentralized and meaning no one take control but everyone can make a significance impact to the flow of this token. We are those people who are representing the population of users, traders and investors of bitcoin and we are belong to those people who can make a significant impact, can't control in a literal meaning. Well said by the both of you. I am one with your thoughts that although not a single person can control Bitcoin, the collective action and movement impacts the market at large. For context, China and Elon Musk, with their power and influence, these has caused a significant impact to the market although they do not have control of it. Having control or just talking literally in the word "control" then its just impossible on having the control since Bitcoin is totally decentralized but talking about the market then there are several factors that could really affect Bitcoin price movement due to those fuds and negative events in the market that do attached with it. These are the only ways or possible situation on where Bitcoin could face on but having in control literally is not really possible and that what makes it great. If this one would be easily controlled then this wont really become big on the first place.
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skarais
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Activity: 2660
Merit: 2165
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July 03, 2021, 05:01:47 PM |
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OP, are you speaking based on fact or just logic or your opinion. I think the assumption that bitcoin is the only thing that human cant control is quite a biased assumption because there are quite a few other thing that human cant control. Actually the government can restrict you from using bitcoin by regulation, you have to pay taxes on the profit you make from trading and you have to close your mines if you are under Chinese jurisdiction. Bitcoin decentralization will not completely free you from government control.
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ILuckyGuyI
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July 03, 2021, 05:05:38 PM |
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I'm not very sure about whether Bitcoin is the only one. I haven't done a good research about it. But it is really interesting to see that Bitcoin or any other cryptocurrency in the market can't be controlled by anyone or anything. Decentralization has changed the way we look at the money. Now, we have a totally different option also. It's volatile yeah, but the feeling of the freedom we have while we are investing is just awesome.
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tabas
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July 03, 2021, 10:40:29 PM |
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As long as human beings still have the greedy and selfish nature, there will be people who continue to build mines and nodes for Bitcoin to get profile. These actions convert the energy in human nature into electricity and then into hash rate to support the continuous development of Bitcoin.
It isn't just all about greed when people keep on building mining farms for bitcoin. Well, they got the capital and they sure will have to get profit but it's also helpful to maintain its network. You are thinking the negative side for someone who doesn't mine but I think for the perspective of miners, there will always be the good side of it. Here, I don't think miners are the negative side. Instead, I think miners are an important part of the bitcoin network. What I want to express is that it is profitable to earn bitcoin by mining. As long as there is profit, there will always be miners, and the bitcoin network will never be destroyed. They are very important, without them, the network won't be secure and there will be no confirmed transactions. What you've expressed is true. It is profitable for them and if somebody wants to mine as well, he has to learn first what are the needed things to run a farm. You can mine with a few miners but calculate all of the investment and possible ROI when it shall come.
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Shasha80
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July 03, 2021, 11:22:03 PM |
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I'm not very sure about whether Bitcoin is the only one. I haven't done a good research about it. But it is really interesting to see that Bitcoin or any other cryptocurrency in the market can't be controlled by anyone or anything. Decentralization has changed the way we look at the money. Now, we have a totally different option also. It's volatile yeah, but the feeling of the freedom we have while we are investing is just awesome.
It's interesting since Bitcoin was introduced by Satoshi Nakamoto, making people's views of the financial system change. It turns out that there is decentralization that makes the government or anyone else unable to control Bitcoin. This new thing makes many people start to be interested in Bitcoin, no wonder Bitcoin's popularity has increased so sharply. Because Bitcoin can give us freedom as users, unlike fiat which is controlled by the government. But unfortunately Bitcoin is still getting rejection from some countries.
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Ozero
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July 04, 2021, 03:51:32 AM |
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In fact, a person cannot control a lot of things. First of all, we do not even know clearly the nature of our origin and the principle of our body's work, and therefore we cannot completely control it. We have not learned to manage and control the environment around us and our planet as a whole. We still do not know how it works, what is inside the bowels of the earth and the depths of the oceans. Without knowing ourselves or what surrounds us, we, of course, cannot fully control and manage these processes. The cryptocurrency is created in such a way that a person really, in the end, cannot completely control and change his tuning algorithms. This is where the innovation of this financial asset lies. States and their governments control almost everything, and especially in the world of finance. And they cannot control cryptocurrency.
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Xinarae*
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July 04, 2021, 04:02:39 AM |
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Everyone in the world has control but no one has control over bitcoin rises to the top based on the demand in the market that is decentralized and someone intervenes the government cannot see any effect as there is no legal action. Whales in the market have an impact on this currency but not much can survive bitcoin's high demand brings it back to normal with bitcoin this cannot happen bitcoin is the only money that can never control.
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Ararbermas
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July 04, 2021, 06:47:37 AM |
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No one can control in it unless all of the big holders will dump or pump at the same time or should i say all of us that own bitcoin,? Because you know perhaps its possible since most of the causes of manipulation in the market are whales, wherein they can make the market fluctuate anytime they want.
it's actually too hard to understand why cryptocurrency were like this. but we should understand the story behind of this invention from the one and only creator and let's just give credit instead.
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sapnu
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July 04, 2021, 06:48:48 AM |
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Bitcoin has developed a lot over the past years and if you are going to define control as something that allows us to access everything inside bitcoin and change anything we want in it, therefore you are wrong in that thinking. The control in bitcoin I think starts on how well you are managing it and regardless of the changes occuring, you are still able to cope up. If you think humans should have the control over bitcoin which you are defining as something near to hacking, then all of the things in crypto will surely be in chaos considering how impossible it is for everyone's mind to harmonize.
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RainbowKun (OP)
Copper Member
Full Member
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Activity: 154
Merit: 234
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July 04, 2021, 07:59:52 AM |
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In my opinion, Bitcoin is the only thing that beyond human control.
Actually bitcoin is the ONLY thing that humans can control. The only difference is that the "control" is not on one person or one organization but the power to control is spread among all bitcoin users. Whenever you run a full node to enforce the consensus rules or own hashrate to vote for changing them, you have part of that control. Bitcoin's quadratic elliptic curve encryption,
There is no such thing as "quadratic elliptic curve encryption" or encryption in general in Bitcoin protocol. Bitcoin's protocol definition is very simple.
The protocol is actually complicated. It uses the principle of irreversible entropy increase to keep humans out of the door to control it. No individual human being can crack the private key of Bitcoin and obtain Bitcoin, not even the entire human race.
You seem to believe that "control" equals "hacking" and not being able to crack bitcoin means people have no control. But that is not the definition of "control" which you keep repeating. Your point of view is very sharp and pointed out some ambiguity in my point of view. Thank you very much for your wonderful reply. Here I will elaborate on my point of view and my understanding of "control". What I want to express here is that Bitcoin is a new civilization. It is independent of the existing human civilization system and is a more advanced civilization. Why is Bitcoin a more advanced civilization? Because neither individual humans nor collectives of humans can interfere, intervene, or control the operation of the Bitcoin network. This is what I mean by "control". The existing technology of mankind cannot crack the private key of Bitcoin. The existing capabilities of human governments cannot destroy Bitcoin nodes. Human governments cannot shut down the operation of the Bitcoin network. Humans cannot use existing technology to tamper with Bitcoin's ledger. Only if there is interest, no matter how the government prohibits it, there will be miners to maintain the Bitcoin network. It is impossible for the Bitcoin network to be shut down. To some extent, Bitcoin's technology surpasses the current technological level of human civilization. We can only watch a block of Bitcoin run day after day and year after year for about 10 minutes, and we cannot destroy the system as a whole. We can run a Bitcoin full node, vote, and obtain certain governance rights. However, miners are involved in the operation of the Bitcoin network, and we are already part of the Bitcoin civilization. We are involved in the construction of Bitcoin civilization, not the existing human civilization. These are two different civilization systems, and this is the core idea I want to express.
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cheezcarls
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July 04, 2021, 11:15:17 AM |
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Bitcoin was designed to take back the control to the people and not the banks and government. As it is decentralized, no one can control it or reverse the transactions. They can only regulate or restrict us, but not controlling BTC or it’s blockchain as it’s the same with the other coins and tokens existing today.
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avikz
Legendary
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July 04, 2021, 11:20:48 AM |
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Only human can control bitcoin, no other species can! But the right statement is that - Individual can't control bitcoin. Bitcoin is designed to be a democratic monetary system where the miners have to vote and majority always wins. If the minority don't like the system, they can fork away! So it is one of the most beautifully designed democratic monetary systems exist today for good! There are issues like scaling etc. But eventually that will be resolved in one way or other in future.
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