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Author Topic: Has Bitcoin been inflitrated by global elite?  (Read 385 times)
barto123 (OP)
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April 10, 2024, 10:08:43 PM
 #1

Between chain analytics companies, BlackRock, Saylor, centralized exchanges/government approval, demonizing/de-listing of privacy coins & wallets....etc, one has to wonder...has Bitcoin been infiltrated by global elite?

There is clearly a global agenda to gain control of populations, through every possible means. IMO, you have to very ignorant at this point to think otherwise.

Is Bitcoin really freedom money?

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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April 10, 2024, 10:43:38 PM
 #2

Between chain analytics companies, BlackRock, Saylor, centralized exchanges/government approval, demonizing/de-listing of privacy coins & wallets....etc, one has to wonder...has Bitcoin been infiltrated by global elite?

There is clearly a global agenda to gain control of populations, through every possible means. IMO, you have to very ignorant at this point to think otherwise.

Is Bitcoin really freedom money?
I used to worry about this too, when BTC was flowing into the accounts of whales in this market instead of becoming a means of payment or an asset for everyone. This could really affect the level of market manipulation in the future, when the majority of the circulating supply is already in the hands of the wealthy and allows them to pump/dump to create volatility and maximize profits. I don't like this at all, I don't want to be just a small fish in the waves created by whales.

However, BTC belongs to everyone, meaning everyone has the right to buy, own and use BTC, including large organizations with billions of dollars in assets. We cannot prevent them from doing so, just as they cannot prevent us from buying or moving BTC. I think this is part of a free market and it is up to us, including small investors and whales, to shape the future of BTC together.

Right now, I don't know what the future of BTC will be, maybe it will become a global reserve asset, or just a financial instrument similar to stocks in the hands of whales.

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April 11, 2024, 12:55:58 AM
 #3

If by "infiltrated by the global elite" you mean they are buying and holding Bitcoin, then yes I do.

However they're not necessarily infiltrating anything. I think some people like to believe that the international system of money is controlled by elite people, but I don't think that's the truth. The reality is that the global system of money is very fragmented and disconnected, and it's like an old codebase which has slowly over time had millions of developers add their own parts to it, without ever really understanding how each and every part of the code works or why it exists. There are definitely people who understand the cycles of our money system in terms of debt, credit, inflation and interest rates, and with analysis use this to make better business and financial decisions, however I don't believe they have a "control" over it.

Bitcoin can still be seen an escape from the traditional financial system, even by the elite. They themselves would understand how broken and disconnected it is, and investing in Bitcoin for them is essentially a hedge against everything collapsing
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April 11, 2024, 01:09:13 AM
 #4

Between chain analytics companies, BlackRock, Saylor, centralized exchanges/government approval, demonizing/de-listing of privacy coins & wallets....etc, one has to wonder...has Bitcoin been infiltrated by global elite?

There is clearly a global agenda to gain control of populations, through every possible means. IMO, you have to very ignorant at this point to think otherwise.

Is Bitcoin really freedom money?
Most of assets belong to the rich and it is true in history of human civilization. It is true with fiat currency and is true with Bitcoin. They can accumulate a lot of bitcoins, become one of Bitcoin whales, appear in Bitcoin rich list but they can not control the Bitcoin network that is decentralized.

Even if you have 51% of Bitcoin network hashrate, what will you do?

Seriously you will not do 51% attack on Bitcoin network, because it only creates massive panic, fear on the market and value of bitcoins you have will drop a lot. It is not what you want by owning bitcoin, you want to get rich, richer with Bitcoin. You don't want to get poorer with it so no worry about 51% attack because it does not bring benefit to attackers.

R


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April 11, 2024, 01:13:35 AM
 #5

Between chain analytics companies, BlackRock, Saylor, centralized exchanges/government approval, demonizing/de-listing of privacy coins & wallets....etc, one has to wonder...has Bitcoin been infiltrated by global elite?

We can easily say that the global elite has been participating in the Bitcoin market.  You already answered your question by citing Blackrockm Saylor and other influential people who are getting involved in the Bitcoin market.


Quote
There is clearly a global agenda to gain control of populations, through every possible means. IMO, you have to very ignorant at this point to think otherwise.

I do not know how you came to a conclusion that the participation of the global elite in Bitcoin market ecosystem has something to do with the control of the population but one thing is sure, they are here to take advantage and take profit on Bitcoin market.

Quote
Is Bitcoin really freedom money?

Not entirely because using Bitcoin in legal means still needs the regulation of the government, but I believe Bitcoin offers freedom of transaction where one doesn't need the approval of the government to do transactions.




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April 11, 2024, 01:51:01 AM
 #6

What they can infiltrate is the Bitcoin market, which is not Bitcoin itself. They can dominate the market but they cannot dictate on Bitcoin itself. For so long a time, centralized exchanges have always been the dominant players in the market, but to those who prefer to stick to Bitcoin's decentralized and peer-to-peer principles, they can still do their thing.

Although the principled members of the community as well as their spaces may be getting smaller and smaller, I believe they can't be totally erased. But rather than being passive, I guess some sort of active resistance is important. The wrong influence should be pushed away. I think education ang spreading awareness mean a lot.

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April 11, 2024, 02:02:03 AM
 #7

What they can infiltrate is the Bitcoin market, which is not Bitcoin itself. They can dominate the market but they cannot dictate on Bitcoin itself.
They do it for money making and to have money, they must make contributions to Bitcoin market and its adoption.

Create fear and harm Bitcoin price are not what they want if Bitcoin becomes less trusted asset, they can buy cheaper bitcoin but can not get good profit from it.
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April 11, 2024, 02:07:16 AM
 #8

Between chain analytics companies, BlackRock, Saylor, centralized exchanges/government approval, demonizing/de-listing of privacy coins & wallets....etc, one has to wonder...has Bitcoin been infiltrated by global elite?

There is clearly a global agenda to gain control of populations, through every possible means. IMO, you have to very ignorant at this point to think otherwise.

Is Bitcoin really freedom money?



lolllll people love their conspiracy theories these days hahaha
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April 11, 2024, 02:25:40 AM
 #9

Is Bitcoin really freedom money?

I personally see BTC as simple, BTC is one of the investment choices that visually the concept is finally able to give us benefits if done patiently and able to encourage financial freedom in the end. On the other hand, BTC is indeed one of the attractive investment options, both the public in general and the global elite in particular especially with the presence of blockchain technology innovations like today, then another point of view there is also great profit potential if you invest in it, but this will also not run away from the basic concept. The concept is free money, free from the control of any third party and is still relevant in my opinion.

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April 11, 2024, 02:38:08 AM
 #10

Between chain analytics companies, BlackRock, Saylor, centralized exchanges/government approval, demonizing/de-listing of privacy coins & wallets....etc, one has to wonder...has Bitcoin been infiltrated by global elite?

There is clearly a global agenda to gain control of populations, through every possible means. IMO, you have to very ignorant at this point to think otherwise.

Is Bitcoin really freedom money?



lolllll people love their conspiracy theories these days hahaha

It may sound very out of pocket but it's not a bad thing to have certain unhinged views like these since the chances of it happening isn't completely zero.

I find these hypotheticals to be very entertaining as they open up to new perspectives (as long as it's not some bold claim like the earth is flat) and to see what type of information they'd use to back up their claims are also very intriguing too lol.
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April 11, 2024, 03:00:10 AM
 #11

Bitcoin is freedom money, anyone can invest no matter which social hierarchy you're from, you've got the right to buy it, the reason why you think that it's becoming like this is the infiltration of institutional investors which have been the fault of us retail investors anyway, we all wanted to make a profit and let bitcoin grow in value, it was supposed to be just the magic Internet money but we decided against it and we considered it an investment. I don't think that they have any power in the system anyway, if they try and manipulate the market, a lot of us already knows what to do and it's not like we're going down without a fight if they've invested a lot of money to buy more bitcoins, we can slowly accumulate our own bitcoins too and it's not like we're going to be losing a lot, those that are trading futures might lose but the hodlers won't fall easily, depending on how brave you are against sudden price crashes and the allure of panic selling, you probably won't worry about how these global elites are invested in bitcoin.



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Rainbot
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April 11, 2024, 03:09:01 AM
 #12

Why are you even doubting bitcoin just because some institutions now own it? Bitcoin is still PoW, not PoS. And take note that this is a huge inevitability; if you're bullish on bitcoin, it's inevitable that institutions will also own it.

Remember, bitcoin is for your friends and for your enemies.

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April 11, 2024, 03:40:15 AM
 #13

For me and for many people, yes, Bitcoin is the money of freedom. Even if the elite of the rich controlled large amounts of Bitcoin and manipulated the market, this would not change the Bitcoin revolution, which brought about a lot of change in our lives for the better.

Every great cultural invention is controlled by the wealthy elite and later monopolized, but even with the little that remains, there is great benefit for all those who are looking for opportunities to change their lives for the better, and those who realized this early were the biggest beneficiaries.

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April 11, 2024, 06:00:08 AM
 #14

Between chain analytics companies, BlackRock, Saylor, centralized exchanges/government approval, demonizing/de-listing of privacy coins & wallets....etc, one has to wonder...has Bitcoin been infiltrated by global elite?

There is clearly a global agenda to gain control of populations, through every possible means. IMO, you have to very ignorant at this point to think otherwise.

Is Bitcoin really freedom money?

Well, can you stop the rich people and institutional investors from buying BTC? The obvious answer is no.
Every innovative financial asset, that gains global recognition will sooner or later be "infiltrated by the global elite".
I think that one part of the global elite hates Bitcoin/crypto(like Warren Buffet and Jamie Dimon), while the other part of the global elite is more open about new stuff. If you are so butthurt that Bitcoin is being "infiltrated by the global elite" then just don't use it and stick to Monero.

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April 11, 2024, 06:13:54 AM
Merited by stompix (2)
 #15

Well, can you stop the rich people and institutional investors from buying BTC? The obvious answer is no.

In fact, you shouldn't be able to stop any person on this planet from buying BTC.
My post is not just a fancy "bitcoin for the masses" post. What I mean is, one of the major problems in the current financial system that we live in, is the fact that money isn't accessible to everyone. Yes, most people have access to a bank, but banks don't operate the same way throughout the whole planet. It's different to own a savings account in Sweden, than in Pakistan, than in China, or in Canada. Bitcoin, on the hand, works the same, wherever you are.

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April 11, 2024, 06:54:05 AM
 #16

Between chain analytics companies, BlackRock, Saylor, centralized exchanges/government approval, demonizing/de-listing of privacy coins & wallets....etc, one has to wonder...has Bitcoin been infiltrated by global elite?

There is clearly a global agenda to gain control of populations, through every possible means. IMO, you have to very ignorant at this point to think otherwise.
Those who are in it are elite people who know the potential of Bitcoin in the future. They moved more quickly to save their wealth wisely in facing economic challenges.
They can do a lot with the money they have, but we can also do with the money we have.

Quote
Is Bitcoin really freedom money?
In my opinion, Bitcoin is a currency of freedom because only the owner is in control and has full rights over Bitcoin ownership.

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April 11, 2024, 08:48:36 AM
 #17

We're surrounded with personal interests where the governments wants to take control over anything that's of profitable treasures meanwhile when the path hasn't been so meansini, everyone plays ignorant towards it but once it has gained shape of benefits, there booms the authorities crawling to take control over it.
The dominance and potentials of bitcoin has really become a magnetic attractions to the authorities which they're of any means wanting to take control about.

Oh yes, bitcoin is a freedom currency of being beyond control of the authorities in as much as it's a decentralized and non custodian digital currency.
There had been no effort any governments sector has contributed to initiate or developing of bitcoin to say they're eligible to have control access to it but as much they don't, then the system is basically a freedom and independent currency.

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April 11, 2024, 08:55:46 AM
 #18

Between chain analytics companies, BlackRock, Saylor, centralized exchanges/government approval, demonizing/de-listing of privacy coins & wallets....etc, one has to wonder...has Bitcoin been infiltrated by global elite?

There is clearly a global agenda to gain control of populations, through every possible means. IMO, you have to very ignorant at this point to think otherwise.

Is Bitcoin really freedom money?
It's true that bitcoin is beginning to move from its initial purpose as a means of payments to more like an investment purposes.

But that doesn't change the fact about bitcoin that it's the decentralised system has made it stand out to be a freedom currency, where no age limit restrictions, no background restrictions etc everyone all over the whole world has the right to hold as much as they can depending on your capabilities or financial status.

It's also clear that their has been an effort to have control over bitcoin by this whales but no matter the effort they haven't succeeded in any of the means that was developed. So it's still the freedom money you knew it for and nothing has changed.

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April 11, 2024, 09:14:27 AM
 #19

There is clearly a global agenda to gain control of populations, through every possible means. IMO, you have to very ignorant at this point to think otherwise.
There have been diverse strategies to control the world population but all of them have been futile. The world is also decentralized with different nations or organizations having different agendas.

Quote
Is Bitcoin really freedom money?
Many people have raised the alarm that institutional investors will make the Bitcoin system centralised. But there is no need to keep worrying when you cannot stop anyone from buying Bitcoin. Bitcoin is the main currency that guarantees freedom for its users this is why there are no restrictions to access or exit the industry. Just as the fall of many exchanges forced people to embrace decentralization, there might be an event that will make people know that not your keys, not your coins.

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April 11, 2024, 09:23:19 AM
 #20

Between chain analytics companies, BlackRock, Saylor, centralized exchanges/government approval, demonizing/de-listing of privacy coins & wallets....etc, one has to wonder...has Bitcoin been infiltrated by global elite?

There is clearly a global agenda to gain control of populations, through every possible means. IMO, you have to very ignorant at this point to think otherwise.

Is Bitcoin really freedom money?
As long as there is no central authority that can prevent you from sending your money, we can say that Bitcoin gives you freedom. It is true that it is a freedom restricted by some conditions, but it is still much better than what you will get in the bank and less than what you will get from cash, but cash also has disadvantages that have been solved by Bitcoin. .
Therefore, the role of Bitcoin is complementary and it does not try to replace cash or the bank.

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