What if Bitcoin Fails ?

[Oluwa-btc]

1/ If Bitcoin fails, Privacy Fails

The ability for individuals to send & receive value peer-to-peer without the interference of government & the banking system will be lost. Bitcoin allows for a future where anyone can have private access to their money.

2)  If Bitcoin fails, Censorship Wins

We are in an unprecedented age of censorship. Bitcoin is the most secure network that has ever been built. Resilient, antifragile, & permission-less. Open to anyone in the world. There is nothing else like it. Bitcoin can’t be censored.

3) If Bitcoin Fails, Big Government Wins

The government can lose hundreds of billions annually but want us to report every time we spend over $600. There is no government accountably or transparency in our system. Without Bitcoin we lose the only counterweight to that system.

4)  If Bitcoin fails, Central Banks Win

Unelected bureaucrats decide the value of your labor & time. Money is the way we store the value of our time on this earth.  No one should have the power to inflate the value of your time away from you. Bitcoin’s set 21MM supply fixes this.

5) If Bitcoin fails, Free Speech fails

Bitcoin is code. Letters & numbers. A private key is all you need to be able to store, transport & transact value with. Never in human history has speech & language been this powerful. The freedom to speak is the most basic of human rights.

6) If Bitcoin fails, Objective Truth is Lost

"What is truth?” has never been more convoluted. You can find experts on both sides with “internet facts” supporting them. Bitcoin is the only thing we have that is truly objective & transparent. The longest chain speaks for itself.

7) If Bitcoin fails, The Energy Transition Fails

If the hope is to transition to a new energy future, we need Bitcoin, the energy buyer of first & last resort. Bitcoin monetizes energy waste & incentivizes new & efficient energy resources. Energy & Bitcoin are nearly synonymous.

8 )  If Bitcoin fails, Capitalism Fails

There is no CEO of Bitcoin. Bitcoin gained value organically, from the bottom up. The Network represents the spirit of capitalism harnessed in code. Self-interest combined with innovation & ingenuity. If you value capitalism, value Bitcoin.

9 )  If Bitcoin fails, We Will Own Nothing

We don’t own anything of value. Property & money are regulated & stored with custodians. You don’t own it; you just have a claim. With Bitcoin, the value of your life’s work can be stored in a few words. Free to take with you anywhere.

10 ) Bitcoin is too important to fail

If you value freedom, transparency, and truth, then you should want Bitcoin to succeed
If you value oppression, censorship, and corruption, then you should want Bitcoin to fail

We can't let Bitcoin fail.


https://twitter.com/max_gagliardi/status/1485308690035056647?t=-vF-9ZE_FRxdIJD2u2rdng&s=19

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3) If Bitcoin Fails, Big Government Wins

I can't say this because many big governments like USA, EU and many countries in Afrca support bitcoin, many governments do not accept bitcoin but accept their citizens to trade it, but anyone trading bitcoin in such country is on its own, but allowed. Only few countries banned cryptocurrencies totally, countries like China.

Bitcoin can not fail, especially not because of fiat that bitcoin will fail because fiat held today will have less value tomorrow and the more times passes, the more fiat are worthless.

[Oluwa-btc]

3) If Bitcoin Fails, Big Government Wins

I can't say this because many big governments like USA, EU and many countries in Afrca support bitcoin, many governments do not accept bitcoin but accept their citizens to trade it, but anyone trading bitcoin in such country is on its own, but allowed. Only few countries banned cryptocurrencies totally, countries like China.

Bitcoin can not fail, especially not because of fiat that bitcoin will fail because fiat held today will have less value tomorrow and the more times passes, the more fiat are worthless.

Most countries in Africa don't permit Bitcoin transaction down till this moment, not even United States and most European countries.
Bitcoin has come to solve problems fiat hasn't not to compete with fiat, the rapid adoption of Bitcoin fiat will loss it's value gradually.

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Most countries in Africa don't permit Bitcoin transaction down till this moment, not even United States and most European countries.
Bitcoin has come to solve problems fiat hasn't not to compete with fiat, the rapid adoption of Bitcoin fiat will loss it's value gradually.

Which source did you saw it that most Africa countries do not allow bitcoin transaction? Which source did you also saw it that USA and EU do not permit bitcoin transactions? Those are definitely lies. Most countries in EU and Africa permit crypto transactions, only few countries totally ban cryptocurrencies.

https://coinsunveiled.com/2021/11/full-list-of-countries-that-have-banned-cryptocurrencies/

[blackened515]

 

3) If Bitcoin Fails, Big Government Wins

I can't say this because many big governments like USA, EU and many countries in Afrca support bitcoin, many governments do not accept bitcoin but accept their citizens to trade it, but anyone trading bitcoin in such country is on its own, but allowed. Only few countries banned cryptocurrencies totally, countries like China.

Bitcoin can not fail, especially not because of fiat that bitcoin will fail because fiat held today will have less value tomorrow and the more times passes, the more fiat are worthless.

Most countries in Africa don't permit Bitcoin transaction down till this moment, not even United States and most European countries.
Bitcoin has come to solve problems fiat hasn't not to compete with fiat, the rapid adoption of Bitcoin fiat will loss it's value gradually.

I think you are wrong @Oluwa-btc. Some Africa countries don't presently recognizing Bitcoin, but that doesn't makes it illegal. Let take Nigeria for example, their Central Bank doesn't recognize and trade Bitcoin and other Cryptocurrency. But, Bitcoin transaction are been done daily within the citizens with the help of peer-2-peer. And also if you conduct your research, you will discover that Nigeria is listed under the top 5 countries with the most Bitcoin holders. However, with the popularity of Bitcoin within the Global, I don't think it can probably fall.

[amishmanish]

That tweet is by a fellow who is into large scale bitcoin mining.

Sure none of want it to fail but i think what potential effects Bitcoin could have had is more about Bitcoin's actual distribution. The actual distribution is pretty concentrated at the top. This is where most of the wealth is sitting and not being put to use to improve the ecosystem. (Except the occasional grants from pioneers like Jack who are truly all in).

If this continues to happen, not only will bitcoin fail, it will also quickly become irrelevant.

[Rikafip]

Its all fine and dandy but what bothers me here is that not a single sentence in that post is yours, you just copy/pasted that guy Max Gagliardi's tweet thread without making it obvious to everyone that all this is verbatim copy. While you covered yourself by sharing the link at the bottom, that's simply not how these things are supposed to be done if you are to follow posting etiquette.

So, if you plan to create similar topics in the future, put all verbatim copy inside quotations and make sure to add something of your own instead just sharing someone else's thoughts without commenting on the issue.

[GeorgeJohn]

Its all fine and dandy but what bothers me here is that not a single sentence in that post is yours, you just copy/pasted that guy Max Gagliardi's tweet thread without making it obvious to everyone that all this is verbatim copy. While you covered yourself by sharing the link at the bottom, that's simply not how these things are supposed to be done if you are to follow posting etiquette.

So, if you plan to create similar topics in the future, put all verbatim copy inside quotations and make sure to add something of your own instead just sharing someone else's thoughts without commenting on the issue.

I saw the copy and paste work like op that wants further issues of been tag plagiarism, i can't blame him indecencies that is a fresher, an experience user will do exactly what you portray, reading from the link it's very obvious they was no changes, i may say from my perspective maybe op is afraid of committing paraphrasing. Your observation is ideal and i agree with you.

[Rikafip]

I saw the copy and paste work like op that wants further issues of been tag plagiarism, i can't blame him indecencies that is a fresher, an experience user will do exactly what you portray, reading from the link it's very obvious they was no changes, i may say from my perspective maybe op is afraid of committing paraphrasing. Your observation is ideal and i agree with you.

Well, according to bitcointalk rules this is not plagiarism as long as he shared reference link (that he did), no matter how you format the copied text. Regarding paraphrasing, there is no need for that either, it's ok to verbatim copy someone else's text but as long as youformat it properly and share your own opinion on that matter and both of those things OP failed to do.

And yeah, I do understand that for many people this is the first time that they are active on some forum so they are maybe not aware of the stuff like that.

[Kole Yuk]

"9 )  If Bitcoin fails, We Will Own Nothing

We don’t own anything of value. Property & money are regulated & stored with custodians. You don’t own it; you just have a claim. With Bitcoin, the value of your life’s work can be stored in a few words. Free to take with you anywhere."

I disagree with this one because precious metals could take BTC's place instead. To avoid government/institutional management, we could trade with bars of gold or coins of silver. Granted, metals are way easier to steal than BTC is, and BTC is easier to trade with and carry, but it's not an absolute "we will own nothing".

[Oluwa-btc]

@Rikafip I've learnt from what you have said now, I'll do better than this next time.
You can count on me, I felt I should share.. Your observations are right, I can't argue with you on that.

[GeorgeJohn]

Well, according to bitcointalk rules this is not plagiarism as long as he shared reference link (that he did), no matter how you format the copied text. Regarding paraphrasing, there is no need for that either, it's ok to verbatim copy someone else's text but as long as youformat it properly and share your own opinion on that matter and both of those things OP failed to do.

I know quit well that you are right, coping an article and format it properly with the source is not against the protocols of the community, according to the rules and regulations of the community, the only factor I'm considering is that the users is a newbie and maybe it has not come in contact with the rules and regulations of the community in order to know what is obtainable by formatting a text, i believe is following the thread in order to notice some lapses if op wishes, what he really needs is our directions as you fish out some tangible points. Because theirs a way we shall blame op it will be discouraged op, that's from my view.

[Rikafip]

@Rikafip I've learnt from what you have said now, I'll do better than this next time.

Cheers buddy, good to hear that you will take my advice into consideration and that you will improve in that regard.

the only factor I'm considering is that the users is a newbie and maybe it has not come in contact with the rules and regulations of the community in order to know what is obtainable by formatting a text, i believe is following the thread in order to notice some lapses if op wishes, what he really needs is our directions as you fish out some tangible points.

Yeah I understand that many are not aware of the proper text formatting when copying someone else's text, hence my advice. From my experience, majority of members that I warned about that actually improved and started doing these things properly so not all is lost.

[OgNasty]

Bitcoin can’t fail. It has already succeeded. Blockchain technology is out of the bag and people have a new way of fighting financial oppression in the digital age. So even if Bitcoin’s price goes to zero, it will not be a failure. It has opened the eyes of many and shown that the revolution will be monetized. With politicians jumping on board the train, it’s really only a matter of time before Bitcoin, or some other form of blockchain technology takes over the current financial system without so much as firing a shot. Welcome to the future where what can be accomplished digitally surpasses what one can accomplish with an army.

[TheNineClub]

1/ If Bitcoin fails, Privacy Fails

Not really. BTC is just one of the things that are battling the ever-growing threat to privacy. So no, privacy in itself will not fail.

2)  If Bitcoin fails, Censorship Wins

BTC can fail for multiple reasons and not one of them needs to be because it was censored, so no.

3) If Bitcoin Fails, Big Government Wins

Yes, I can agree on that, it's definitely a win for institutionalized financial systems.

5) If Bitcoin fails, Free Speech fails

BTC has really nothing to do with freedom of speech.

6) If Bitcoin fails, Objective Truth is Lost

Not really. BTC did not perpetrate objective truth nor will it effect it.

8 )  If Bitcoin fails, Capitalism Fails

Capitalism does not favor privacy and the freedom to control your own funds, so no, that's a wrong assumption.

10 ) Bitcoin is too important to fail

It is, but it's also not the only one. If BTC fails, there are other avenues in crypto that can continue what BTC started.

[Darker45]

This is like a marketing or a promotional advertisement on Bitcoin. And just like any typical marketing ad, there is a certain amount of exaggeration added to it to make it look like it is everything that you need. Having said this, while there are some truths in some of those lines, I don't agree with all of them completely. It's made to look like the world would be a hell of an awful place without Bitcoin, that Bitcoin is the sinew of a truly free, democratic, peaceful, happy, and abundant world. That might not be true at all.

[Jawhead999]

Bitcoin can’t fail. It has already succeeded. Blockchain technology is out of the bag and people have a new way of fighting financial oppression in the digital age. So even if Bitcoin’s price goes to zero, it will not be a failure.

Though technology is the main objective why Bitcoin is succeed, but I don't think Bitcoin will survive if the price goes to zero. That's mean no one is interested with Bitcoin anymore and no one is using Bitcoin for anything, not even enough to buy a candy. However I tend to agree Bitcoin can't fail, even there's a new currency with better technology to compete Bitcoin, at least Bitcoin's price will decrease but goes to zero.

[Tony116]

Given the achievements that bitcoin has made in the past 2021, it is hard to say that bitcoin will fail in the coming years. Along with technology and widespread acceptance, bitcoin is increasingly playing an important role in driving the world economy. The most recent example is the war between Russia and Ukraine. Ukraine uses cryptocurrency as a charity that raises funds from around the world. There is no denying the importance of blockchain and decentralization today. Bitcoin is the origin of crypto, if bitcoin fails then crypto will hardly survive.

[davis196]

All those "if this...then that" correlations aren't correct all the time.
The "If Bitcoin fails,privacy fails" statements is simply wrong,because Bitcoin isn't as private as you think it is.
There are privacy coins like Monero,that are solving the privacy problem way better than Bitcoin.
The "big governments" aren't fighting against BTC,they just regulate it.The failure of Bitcoin doesn't necessarily mean that big government has won an imaginary "battle" against BTC.
All those points in your list are oversimplifying the nature of Bitcoin/crypto and it's relations to the world.
Like another forum member has mentioned,this list looks more like some sort of marketing/promotion message,aimed at the "average Joe",who still doesn't understand how Bitcoin works.
There are better ways to explain the complexity of the Bitcoin/blockchain technology.

[Kakmakr]

You are putting a very big responsibility on this technology and I think it is not justified to do that. Satoshi Nakamoto wanted to give people a technology that would give them an alternative choice for a payment system. Satoshi lost faith in the Banking system after tax payers money were spend to bailout Banks... so he provided an alternative payment option to the Fiat system.

The technology on it's own will not fail, but the influence from governments to provide the technology to fly, will determine it's future. So the failure will be caused by the restrictions placed on the technology from the global governments.