Remember

[BlackHatCoiner]

"The best way to make Bitcoin fail is to believe that its success is guaranteed [...] The big compromise in a strongly decentralized system is that it's all of our jobs to look out for it."

The best way to make Bitcoin fail is to believe that its success is guaranteed. I too believe that Bitcoin is strong, but it is only strong because people will fight to protect it. If a threat arises and people sit back and do little saying, "Bitcoin is strong, the market will provide protection" then it will fail. There isn't any higher authority. Each and every user of Bitcoin is personally responsible for protecting it. We are the market, the invisible hand. Bitcoin's strength arises because people do step up and protect it, so we must never take that assumption of strength as a reason to not act. All systems have their costs and compromises. The big compromise in a strongly decenteralized system is that it all of our jobs to look out for it. Is Mankind mature enough for that kind of responsibility? I think so-- Bitcoin isn't the only thing that exists because of our collective will. "It is the common fate of the indolent to see their rights become a prey to the active. The condition upon which God hath given liberty to man is eternal vigilance; which condition if he break, servitude is at once the consequence of his crime and the punishment of his guilt.”

[kizlod]

That's true, I'm still trying to be cautious. I have a lot of faith in Bitcoin, but I still understand that it's not 100% safe. But a lot of influencers are pushing that idea.

[Felicity_Tide]

"The best way to make Bitcoin fail is to believe that its success is guaranteed [...] The big compromise in a strongly decentralized system is that it's all of our jobs to look out for it."

I personally see Bitcoin as a collective effort, were all hands are on deck and everyone checkmates the other. This checkmating is not done by a central entity, but rather everyone who is on board. Due to that open room for regular checkmating, a single person can't just wake up oneday and implement something of personal interest without others not opposing. Which means the power to implement/decide doesn't lie in the hands of any single man(as there is no boss here).

There is this general ideology that suggests that every business, groups, gathering, etc must have a higher authority (head) inorder to maintain stability, growth and prevent crisis. But guess what, Bitcoin has proven the opposite of this. Bitcoin has taught us that a collective effort of genuine people (people who fight for good) can bring sustainability and growth to any innovation.

There is power in collective effort!
There is power in decentralization!

[Kruw]

A lot of people on this forum actively tried to undermine Bitcoin's future success by promoting trusted custodians. We must never forfeit the pillars that hold up the system.

[Plaguedeath]

Too bad that the most threat in Bitcoin market is centralized exchange since most people hold their coins on there, even we've pointed out there are so many hack and bankrupt cases, they didn't listen to us because they believe Binance is safe, has SAFU, they don't have to pay transaction fees and they can make money by stake their coins.

The second threat is scalability, lightning network still not resolve the issue since you need to pay on-chain fees to convert it to LN and you need to pay on-chain fees to whenever you want to open a channel.

[Upgrade00]

Except that people will identify different problems with Bitcoin, so to fight identified threats the community has to be broken up. Bitcointalk is one of the most privacy inclined bunch of bitcoiners but we still have experienced users here who believe in stoying their bitcoins in a cetdalized exchange for convenience.
The idea of even fighting people's choices and how they choose to use their coins goes against what Bitcoin is.

Generally accepted ways to protect it will be shutting down liars like CSW and building strong decentralized systems that allows Bitcoin to be used the way it was designed.

[franky1]

"The best way to make Bitcoin fail is to believe that its success is guaranteed [...] The big compromise in a strongly decentralized system is that it's all of our jobs to look out for it."

The best way to make Bitcoin fail is to believe that its success is guaranteed. I too believe that Bitcoin is strong, but it is only strong because people will fight to protect it. If a threat arises and people sit back and do little saying, "Bitcoin is strong, the market will provide protection" then it will fail. There isn't any higher authority. Each and every user of Bitcoin is personally responsible for protecting it. We are the market, the invisible hand. Bitcoin's strength arises because people do step up and protect it, so we must never take that assumption of strength as a reason to not act. All systems have their costs and compromises. The big compromise in a strongly decenteralized system is that it all of our jobs to look out for it. Is Mankind mature enough for that kind of responsibility? I think so-- Bitcoin isn't the only thing that exists because of our collective will. "It is the common fate of the indolent to see their rights become a prey to the active. The condition upon which God hath given liberty to man is eternal vigilance; which condition if he break, servitude is at once the consequence of his crime and the punishment of his guilt.”

says the two guys that dont believe in INDEPENDENT peer review, scrutiny of devs nor wanted to see/accept proposals from the community(outside of the core dev hierarchy). instead they believe in confirmation bias of cultish insider (echo chamber) agreement that they know best to not do things to fix things

for many years gmax and blackhat(aswell as blackhats mentor) have been trying their hardest to convince people to not scrutinise code/devs and instead blindly trust/adore core devs like gods, pretend core devs know what they are doing, know of any issues so when things are not changed/upgraded then its because people should blind trust core devs dont think its needed to fix/change/upgrade

it is funny how gmax quotes religious scripts too..

[examplens]

"The best way to make Bitcoin fail is to believe that its success is guaranteed [...] The big compromise in a strongly decentralized system is that it's all of our jobs to look out for it."

This is already a philosophical statement. The greatest danger and risk for the future of Bitcoin is the human factor, and yet Bitcoin was created with the idea of ​​serving people.
I see a problem with attempts at centralization by big fish like the SEC, Blackrock, feds, etc...

[Reatim]

"The best way to make Bitcoin fail is to believe that its success is guaranteed [...]

That is a really good way to put it.

I believe that Bitcoin will give me success but we still need to manage our expectations as our expectations would be the one to kill our hopes of success. If we expect that bitcoin will give us huge profits in only a short amount of time and it doesn't meet these expectations, we will think already that bitcoin has failed.

But we have to understand that bitcoin does not work like that and our expectations should only level with what bitcoin can actually do.

The big compromise in a strongly decentralized system is that it's all of our jobs to look out for it."

bitcoin is more than a currency. It is a community and we only should not just look out for ourselves but also for the currency itself as well.

[Hewlet]

"The best way to make Bitcoin fail is to believe that its success is guaranteed [...] The big compromise in a strongly decentralized system is that it's all of our jobs to look out for it."

The best way to make Bitcoin fail is to believe that its success is guaranteed. I too believe that Bitcoin is strong, but it is only strong because people will fight to protect it. If a threat arises and people sit back and do little saying, "Bitcoin is strong, the market will provide protection" then it will fail. There isn't any higher authority. Each and every user of Bitcoin is personally responsible for protecting it. We are the market, the invisible hand. Bitcoin's strength arises because people do step up and protect it, so we must never take that assumption of strength as a reason to not act. All systems have their costs and compromises. The big compromise in a strongly decenteralized system is that it all of our jobs to look out for it. Is Mankind mature enough for that kind of responsibility? I think so-- Bitcoin isn't the only thing that exists because of our collective will. "It is the common fate of the indolent to see their rights become a prey to the active. The condition upon which God hath given liberty to man is eternal vigilance; which condition if he break, servitude is at once the consequence of his crime and the punishment of his guilt.”

this is apt and true. Bitcoin in itself can't stand to defend itself when it image gets tarnished and when a wrong signal is sent to the public regarding the wrong use of it. If we remain quiet and expect that Bitcoin is just too big to fail and refuse speaking up in times when it's necessary to do so, it wouldn't take time before so many people accept a wrong narrative which will go on to affect people's perception about Bitcoin.

A simple analogy that's already playing out is the mixing of Bitcoin, memcoin, Altcoin and coin in general to almost mean the same thing. Alot of individuals that have invested into meme coin and lost Thier funds in the process have tagged the whole decentralized sector to be of the same nature and if we're quiet about this kind of development and refuse educate or speak out to point these salient but serious misunderstanding out, it's going to do more harm above our imagination .

We are actually the main market and the moment we loose focuse and faith in bitcoin, that's the moment Bitcoin strength goes down to nothing.

[pooya87]

One of the reasons why I have spoken out against the ongoing Ordinals Attack has been this. The community that is the "building blocks" of Bitcoin needs to step up and yet nobody has done anything meaningful to stop the longest and largest spam attack in Bitcoin history yet...

[Frankolala]

People that are buying bitcoin now are after using it as an investment and they don't care about using bitcoin the way it was designed, what they care about is profit and that is why majority of them are keeping their bitcoin in centralized exchanges and ETFs.

Bitcoin should be used in a decentralized way but the government is killing that gradually by shutting down any service that is helping to promote privacy. If only people understands the freedom that bitcoin is giving out, they will love to maintain it like that but it is sad that nobody cares.

[BlackHatCoiner]

A lot of people on this forum actively tried to undermine Bitcoin's future success by promoting trusted custodians. We must never forfeit the pillars that hold up the system.

On the other hand, it's up to the people to decide whether forfeiting their custody is worth the gain. I wouldn't have any problem with someone who promoted Cashu, as an example.

I would have problem with petty trolls who try to to control what other people can and cannot do with their coins, though.

I see a problem with attempts at centralization by big fish like the SEC, Blackrock, feds, etc...

I'm quite neutral with that big fish. The most they can do is manipulate the price. They cannot manipulate the protocol. Stock market manipulation is a consequence of human nature. 

One of the reasons why I have spoken out against the ongoing Ordinals Attack has been this. The community that is the "building blocks" of Bitcoin needs to step up and yet nobody has done anything meaningful to stop the longest and largest spam attack in Bitcoin history yet...

Hard to swallow pill: The only truly effective DDoS defense mechanism is the block size limit. Any other method of protecting yourself from spam is fundamentally flawed.

[Psalms23]

Well, that quote’s got a solid point. Assuming Bitcoin's success is a sure thing can make people complacent. Bitcoin's strength comes from its decentralized nature, meaning everyone involved has a role in maintaining and protecting the network. If we stop being vigilant or active participants, the system can weaken. So, it's really up to the whole community to stay engaged and ensure Bitcoin stays robust and secure.

[GbitG]

People that are buying bitcoin now are after using it as an investment and they don't care about using bitcoin the way it was designed, what they care about is profit and that is why majority of them are keeping their bitcoin in centralized exchanges and ETFs.

Bitcoin should be used in a decentralized way but the government is killing that gradually by shutting down any service that is helping to promote privacy. If only people understands the freedom that bitcoin is giving out, they will love to maintain it like that but it is sad that nobody cares.

I believe Bitcoin wouldn't be where it is today if it wasn't for the people buying and using it for profit. We shouldn't focus on why people are buying or using Bitcoin because out of maybe a thousand people, at least some would end up understanding the real meaning and use cases of Bitcoin in the long run and if that continues, by the time everyone knows about Bitcoin, there will be enough people to support the actual cause and keep supporting it even if those who were in it for the profits abandon it.

This should be the least of our worries. What's more worrisome is the fact that the likes of ordinals and stuff choking the network every now and then and that makes Bitcoin look extremely negative because other networks and blockchains tend to have lower transaction fees and confirmation times than it.

[Z-tight]

Alot of individuals that have invested into meme coin and lost Thier funds in the process have tagged the whole decentralized sector to be of the same nature and if we're quiet about this kind of development and refuse educate or speak out to point these salient but serious misunderstanding out, it's going to do more harm above our imagination .

In the case you are talking about, that's their problem, people can lose their money in any scam and shitcoin they like and complain all they like, it is not a threat to the network and there's no problem in losing such people.

Op is more about actual threats to the network, i.e. ordinals, runes, attack on privacy tools, custodial storage of BTC, etc. It is also important we support the network by running a full node and also speaking up against things i have mentioned that actually threatens the network.

[DeathAngel]

That's true, I'm still trying to be cautious. I have a lot of faith in Bitcoin, but I still understand that it's not 100% safe. But a lot of influencers are pushing that idea.

First of all never put any faith in so called Bitcoin influencers. They are usually bad actors & will disappoint you in time, even if at first their intentions seem good. I have seen so many come & go, revert to shilling shitcoins & bogus rug pulls. Bitcoin will treat you well if you have conviction & patience. Buy Bitcoin regularly, keep buying & hold for many years, guaranteed inflation beater.

[Glen Hoddle]

"The best way to make Bitcoin fail is to believe that its success is guaranteed [...] The big compromise in a strongly decentralized system is that it's all of our jobs to look out for it."

The best way to make Bitcoin fail is to believe that its success is guaranteed. I too believe that Bitcoin is strong, but it is only strong because people will fight to protect it. If a threat arises and people sit back and do little saying, "Bitcoin is strong, the market will provide protection" then it will fail. There isn't any higher authority. Each and every user of Bitcoin is personally responsible for protecting it. We are the market, the invisible hand. Bitcoin's strength arises because people do step up and protect it, so we must never take that assumption of strength as a reason to not act. All systems have their costs and compromises. The big compromise in a strongly decenteralized system is that it all of our jobs to look out for it. Is Mankind mature enough for that kind of responsibility? I think so-- Bitcoin isn't the only thing that exists because of our collective will. "It is the common fate of the indolent to see their rights become a prey to the active. The condition upon which God hath given liberty to man is eternal vigilance; which condition if he break, servitude is at once the consequence of his crime and the punishment of his guilt.”

At present we believe in bitcoin but are uncertain, but we have pillars that should never be lost. 
But to guard ourselves always remember the future aspects, the faith that God has given us as a condition is eternal.

[Zlantann]

"The best way to make Bitcoin fail is to believe that its success is guaranteed [...] The big compromise in a strongly decentralized system is that it's all of our jobs to look out for it."

These words have changed my perspective about the Bitcoin system. I have this assumption that the system is strong and can withstand any form of attack. But it seems I was wrong because we all have the responsibility to protect the system. If all true Bitcoin believers stand for the system without compromising, together we will  keep maintaining a strong system.

Op is more about actual threats to the network, i.e. ordinals, runes, attack on privacy tools, custodial storage of BTC, etc. It is also important we support the network by running a full node and also speaking up against things i have mentioned that actually threatens the network.

Sadly some Bitcoiners due to greed don't see these ordinals and runes as an attack. They come up with several reasons to justify these attacks on the network. Protecting Bitcoin will require some level of sacrifice but not many people are willing to be selfless.

[Mr. Magkaisa]

        -  Not all people here focus their expected profit on bitcoin, but most of us here also invest in other crypto assets besides bitcoin. Because, after all, in agreement with others, they even get a majority profit from other top altcoins in the market.

And the others are able to buy memes or other altcoins to get a profit in this field of the crypto space, given that Bitcoin has been proven and tested for long-term investment. But of course if you wanna have a big profit you should have also big holdings amount of Bitcoin, that's it!