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Author Topic: Bitcoin is the only thing that humans cannot control  (Read 728 times)
tbone777
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July 04, 2021, 11:24:50 AM
 #41

Humans cant control a lot of things in our univesre and bitcoin is not the most biggest or most important one
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July 04, 2021, 11:26:39 AM
 #42

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.
This is how the bitcoin network operates in a decentralized. Regulating bitcoin is the best way than thinking to have control over it. Right now at times the network seems to be highly manipulative, because of the large volume of holdings getting accumulated with few authorities/persons. This situation needs to change.

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geegaw
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July 04, 2021, 01:23:24 PM
 #43

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.
The decentralization of bitcoin so far is really strong and still warding off government threats, there is no indication that the government will be able to take root and the blockchain chain has not been successfully cracked yet. But sometimes such defiance can become the impetus for the government to dominate bitcoin by a corresponding measure, let's not forget that the bitcoin system is always public, access is unrestricted with hidden identities, government people can infiltrate and look for opportunities to rebuild this system

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July 04, 2021, 01:30:19 PM
 #44

Lol
I guess the OP tried to say  that bitcoin is a thing that no "single human" can control.

I pretty much doubt that, once you start saying things like:
Quote
Bitcoin has become an independent advanced civilization system.
it's one of the two:
- you're really happy the weekend has come and you're already on the 6th beer
- you've took a second mortgage on your house to buy bitcoins

Btw, he said "humans" 13 times, so the single human assumption is definitely out of the picture.
I understand people can get exuberant or over-excited about it but from this to picturing something like space odyssey is a long journey.
Do I need to pack my ledger in some tinfoil too so that I could sleep at night without being afraid of it gaining consciousness and try to stab me in my sleep in my usb-a slotCheesy



Sorry, I read the first paragraph and tried to continue but I think my eyes have been hurting so bad that I didn't continue reading the rest of the story. Well, it is a newbies way of admiring Bitcoin and his attempt to describe it in a serious manner is already a failed attempt. Civilization system, I haven't heard of that before and Bitcoin is an independent advanced civilization system at that, make me cringe and giggle at the same time. I admire your loving care and total admiration on the coin. Majestic.

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July 04, 2021, 03:09:05 PM
 #45

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.
it's true as you said comrade, the right post can't be controlled by humans, but can't be controlled by third parties, because all those who hold bitcoin are all humans are not animals, we can also be safer in holding our bitcoins, because the government can't hold bitcoins. control over the bitcoins that we hold and invest, that's why the government always bans bitcoin, and says bitcoin is not safe, bitcoin is not halal, and other negative things...
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July 05, 2021, 03:06:06 AM
 #46

I am glad that I know a currency which government cannot control it. As bitcoin holder since few years ago, I feel satisfied because I choose bitcoin as investment. I have fiat money and cryptocurrency, my fiat money falue keep decreasing because of inflation while my cryptocurrency price keep increasing although there is extreme volatility in the market. I think our community is very lucky because of bitcoin and blockchain which is needed by the world.

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July 05, 2021, 06:45:06 AM
 #47

In my opinion, Bitcoin is the only thing that beyond human control. On the surface, Bitcoin is a decentralized, trust-free, and non-proof value. Bitcoin also has split and transfer functions. But at the most essential level, Bitcoin is the first thing independent of human civilization and beyond human control. Bitcoin is an advanced civilization system independent of the existing human civilization system.

The reason why humans cannot control Bitcoin is determined by the Bitcoin technology itself. Bitcoin's quadratic elliptic curve encryption, and the mining packaging with verification system established in human society, has formed an immune system against humans. Humans’ existing science and technology cannot crack the private key, nor can they successfully attack the entire package verification system. Humans cannot influence the work of the Bitcoin system.

Since the birth of human civilization, nothing has been out of human control. Human beings can transform and destroy nature unscrupulously. All kinds of human science and technology can make human civilization progress continuously and even explore the universe. This is the human civilization built with human as the main body.

But in Bitcoin, humanity has lost their power.

After Satoshi Nakamoto created Bitcoin, Bitcoin has become a new civilization. It exists temporarily dependent on human civilization, but it will not be affected by human civilization. The birth of Bitcoin announced the birth of machine civilization and silicon-based civilization.

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.

The criterion for measuring whether a system belongs to human civilization is whether human can control it. Everything around us is formed by human consensus, which can be controlled or changed by humans. Only human nature, which bitcoin based on, is something that humans cannot get rid of, so humans cannot control Bitcoin. Bitcoin has become an independent advanced civilization system.

Bitcoin's protocol definition is very simple. 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.

The Bitcoin ledger can still exist after net split, and even if there is a world war between humans, the Bitcoin ledger will still exist. Even if all the Bitcoin mining machines are destroyed and most humans go extinct, the Bitcoin ledger will still exist as long as there are two earthlings with two USB flash drives.

As long as the Bitcoin ledger still exists, the ledger will be copied whenever there is a chance. It is easy to rebuild the power grid and restart the Internet, and Bitcoin will be able to resume work soon.

This is another advancement that human has made since stone civilization, mechanical civilization, electric power civilization, and Internet civilization. From being restrained by nature, human is in the era of using and transforming nature. Human will enter an age which limited by what they invented.

Some people may say that humans can control the price of Bitcoin and make profits by letting the price of Bitcoin fluctuate. But the source of Bitcoin's price is not Bitcoin itself. In the Bitcoin system, there is no code for the price of Bitcoin. The price of Bitcoin is an exchange rate between Bitcoin and legal currency introduced by humans to facilitate their own economic behavior.

When the legal currency in human society disappears completely, Bitcoin can still anchor human civilization by itself.

What do you think about this?


I would argue humans can control bitcoin more than they can control the forces of nature.  With that being said, bitcoin is not totally control/centralization-proof. Regulators, miners, even a large entity investor can potentially "control" certain aspects of bitcoin. Be it the price, transactions (miners selecting particular transaction inclusion), etc.
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July 05, 2021, 07:01:22 AM
 #48

The point is, we create it for the purpose, not to control something. What I'm seeing here is the freedom that we're all looking for, so I don't think the problem at the outset doesn't need to be complicated. Of course, one person will have a different way of looking at the problem.

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July 05, 2021, 08:03:27 AM
 #49

What if people and miners and devs stopped caring about integrity and gave in to big blocks and POS just to solve "scalabitity" problem?
Indeed, with the cooperation of all mankind, a 51% attack can be easily completed.
But this is just an assumption, because we can never predict the end of the story from a given starting point.
Another extreme point is that if everyone in the world except you gives up mining, then you can easily master btc. Obviously this is also impossible.
Scalability、Decentralization、Security.The three can only take care of two of them at the same time.Or focus on one of them.
For the time being, I don’t consider whether there will be a project that takes all three into account in the future.For the time being, I don’t consider whether there will be a project that takes all three into account in the future.
Bitcoin blockchain technology is a combination of "decentralization" and "security",Scalability has naturally become the most important reason restricting his development.(But now that the blockchain is becoming more familiar to people, scalability seems to be a very important issue)

I do not know if it is true you can only take care of 2/3 of those items. And I am sure there are many other things that need to be taken care of. Cost, for example, which in the end for the user is what makes many of them move away from BTC and ETH to shitcoins (they do not understand security or decentralization). Even for BTC scaled they think they do not want to pay 4 cents for a fee:)

And Bitcoin people would argue that scalability IS solved. Most of the times this year mempool was NOT full.

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July 05, 2021, 07:03:54 PM
 #50

It can be controlled, but it is difficult to control it. And I don’t think Bitcoin is the only thing that is beyond control, there are many things that man cannot control. Controlling Bitcoin is not an impossible thing to do, but it will be a difficult thing. Maybe it might seem impossible to us because no one is ready to go through that stress. It’s just like the 51% attack that everyone has been talking about for long, if some big miners should join together, they might accomplish that feat. But none of them would do that. There are other things to do, but the thing is that no one is ready for it. So it’s going to continue to be above control.

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July 05, 2021, 07:16:41 PM
 #51

On the other hand, bitcoin is just about the only thing in humanity's control... in the sense that there it circumvent the central authority we have with nearly every other thing out there.
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July 07, 2021, 01:49:41 AM
 #52

Bitcoin is decentralized. Through decentralized management, Bitcoin has no single entity that can control it. Therefore, his network will not be easily destroyed, and no one can gain complete control over it and the right to manipulate it. Some negative news generated by Musk and China has affected the trend of market prices, but Bitcoin will still recover its value. This is also the beauty of Bitcoin. I think it will not be controlled.
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July 07, 2021, 10:57:09 AM
 #53

sure it is hard to control bitcoib, because its decnetrelizd and it will take a lot to manipulate it, but you have to take in considiration that bitcoin is made by humans and operates because humans use it to make transactions, the more transactions that are made to stronger it gets, and if at some point poeple wanted to shut it down they can, i mean  one man was able to havealy influne its price by just making an investment in it and pulling out, and if governemnts wanted to shut it down they would ban and put in jail anyone who is mining it.
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July 07, 2021, 11:09:55 AM
 #54

Bitcoin isn't the only thing that humans can't control. It isn't controllable yet there are still things and events that  could influence it just like countries that ban it and influential people that say something about it. Different human factors could still affect it in so many ways. However, its volatility makes it unique and beneficial for most investors.
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July 07, 2021, 11:44:54 AM
 #55

Bitcoin isn't the only thing that humans can't control. It isn't controllable yet there are still things and events that  could influence it just like countries that ban it and influential people that say something about it. Different human factors could still affect it in so many ways. However, its volatility makes it unique and beneficial for most investors.
bitcoin is created by humans, held by humans, invested by humans, and sold in the market by humans, if you say bitcoin can't be controlled by humans, I think it's not quite right, but if you say bitcoin can't be controlled by humans a third party, and cannot be controlled by the government,, I just agree with your opinion, because those who play bitcoin are all humans.. not stars..
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July 07, 2021, 12:20:49 PM
 #56

Bitcoin isn't the only thing that humans can't control. It isn't controllable yet there are still things and events that  could influence it just like countries that ban it and influential people that say something about it. Different human factors could still affect it in so many ways. However, its volatility makes it unique and beneficial for most investors.
bitcoin is created by humans, held by humans, invested by humans, and sold in the market by humans, if you say bitcoin can't be controlled by humans, I think it's not quite right, but if you say bitcoin can't be controlled by humans a third party, and cannot be controlled by the government,, I just agree with your opinion, because those who play bitcoin are all humans.. not stars..
Great answer , literal answer mate  Grin Grin Grin

Humans are the reason why Bitcoin is created and why bitcoin is still existing meaning this is the only meaning that Humans controlled the bitcoin.

But the Government control is another story.









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July 07, 2021, 12:23:27 PM
 #57

Bitcoin is the transfer of control over monetary value from central authorities to the actual owner of the value as it should be.
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July 07, 2021, 12:28:52 PM
 #58

Bitcoin isn't the only thing that humans can't control. It isn't controllable yet there are still things and events that  could influence it just like countries that ban it and influential people that say something about it. Different human factors could still affect it in so many ways. However, its volatility makes it unique and beneficial for most investors.
bitcoin is created by humans, held by humans, invested by humans, and sold in the market by humans, if you say bitcoin can't be controlled by humans, I think it's not quite right, but if you say bitcoin can't be controlled by humans a third party, and cannot be controlled by the government,, I just agree with your opinion, because those who play bitcoin are all humans.. not stars..
Great answer , literal answer mate  Grin Grin Grin

Humans are the reason why Bitcoin is created and why bitcoin is still existing meaning this is the only meaning that Humans controlled the bitcoin.

But the Government control is another story.

Thanks, what I want to express here is that it is impossible to intervene and tamper with the Bitcoin network by relying on the existing technology of mankind. For example, the ledger information of Bitcoin cannot be tampered with, the Bitcoin node cannot be destroyed at the same time, and the Bitcoin private key cannot be cracked. These cannot rely on the administrative or technological power of the government to destroy the Bitcoin network. But human miners can participate in the maintenance of the Bitcoin network. At this time, the miner system itself belongs to the Bitcoin network.

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July 07, 2021, 05:23:12 PM
 #59

Bitcoin a digital currency in the world which already boomed in the world among the people of all classes. Bitcoin a global currency which already declared valid and legal in some countries but some countries governments already declared Bitcoin as illegal. But I think only governments and central bank can control bitcoin.

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July 07, 2021, 05:43:59 PM
 #60

sure it is hard to control bitcoin, because its decentralized and it will take a lot to manipulate it, but you have to take in consideration that bitcoin is made by humans and operates because humans use it to make transactions, the more transactions that are made to stronger it gets, and if at some point people wanted to shut it down they can, i mean  one man was able to heavily influence its price by just making an investment in it and pulling out, and if government wanted to shut it down they would ban and put in jail anyone who is mining it.

No longer possible now, I mean with how Bitcoin being recognized by more people to the point that some countries already use it as legal tender,

those kinds of progress place this investment currency to a much stronger position.

Your point might have some weight since there are also government who wanted to have full control of this industry, if they can't do it they'll probably stop it and tag it as illegal to their jurisdictions.

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