Remember

[Kruw]

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.

What about someone who promoted a custodian that has no scalability or privacy gains like Cashu does?

[Doan9269]

"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."

If we are interested in bitcoin, then we have to know the required procedures of how we can get started from somewhere with it, this all begin from the way we learn about bitcoin, how we are able to developed a deeper insight and understandings concerning it, we cant take bitcoin the way it is without going through the required means of acquiring knowledge about it, many have failed to realized this, but instead, they wanted to use it as an instrument to realizing their fortunes quickly and they fail along the line because they lack what it takes to be productive with bitcoin.

[Jawhead999]

Regulation is one of the biggest threat, today they can accept Bitcoin as a commodity, tomorrow they can accept Bitcoin as a currency, next two days they can ban Bitcoin. We do can still use Bitcoin without need to link third party, but the volume will be significantly declines.

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!

It doesn't make sense, if you can earn bigger profit in Bitcoin rather than in altcoins, what's the point for them to buy altcoins?

Actually they're flipping their money in altcoins since the volatility is higher than Bitcoin, then after they earn profit from altcoins, they convert the profit to Bitcoin because the volatility is lower and they believe Bitcoin will not disappointing them in the future.

[Z-tight]

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.

It is more difficult that you think, the average bitcoiner gains nothing from these attacks, instead they lose their funds to tx fees. If you are talking about miners, then they are just doing their 'job' which is to confirm tx's and if some people want to overpay, they would surely not mind.

How do you solve this problem, do you increase the block size limit? Or do you blacklist ordinals tx's, if you do the latter, you'll be defeating something fundamental about the network, and that is its censorship resistant nature, and if you do the former, it also has its own cons, so it is a difficult situation.

[BlackHatCoiner]

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.

I was actually more concerned about encouraging you to take action yourself instead of waiting for change to happen. For example, if you believe the system can scale, then invest your time or money to support it. If you keep complaining that Bitcoin cannot scale, remember there is no support department to address your grievances.

But, of course, be aware about threats.

What about someone who promoted a custodian that has no scalability or privacy gains like Cashu does?

I have no problem with people promoting Coinbase, Binance, or any other exchange or platform. It's you who cannot tolerate others having the freedom to use their coins however they want without constantly mocking them.

How do you solve this problem, do you increase the block size limit?

You work on scaling. That's what you do.

[Webetcoins]

"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.

I don't understand. Why you guys want BTC to fail? You do not even look like someone who hates it, because you are a long-time member of this forum already and I think I always saw you post positive stuffs about the coin.

I don't also understand the world play there, but it looks contradictory. How can one fail if it's successful already? Haha, but BTC is not new anymore and we already witnessed its performance through the years and by there, we can say that it is really successful. Future is only unpredictable but if in case there are things that can affect it negatively, I won't say that it is a failure. It is not its fault nor its founder and we can just accept it.

[Yucky]

"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.

I don't understand. Why you guys want BTC to fail? You do not even look like someone who hates it, because you are a long-time member of this forum already and I think I always saw you post positive stuffs about the coin.

I don't also understand the world play there, but it looks contradictory. How can one fail if it's successful already? Haha, but BTC is not new anymore and we already witnessed its performance through the years and by there, we can say that it is really successful. Future is only unpredictable but if in case there are things that can affect it negatively, I won't say that it is a failure. It is not its fault nor its founder and we can just accept it.

I can bet that some persons don't understand what the OP meant by "the best way to make Bitcoin fail is to believe that it success is guaranteed.. it's not true that they want Bitcoin to fail, what they are likely saying is that Bitcoin will fail if we assume that Bitcoin cam succeed on it own or that Bitcoin success is 💯 guaranteed and that it can't fail regardless of what happens. Though Bitcoin has stayed long and has proven beyond some reasonable doubt that it's far from failing, we have to be sincere enough to know that it's not 100% guaranty that it can't happen. I guess that's why he's suggesting that we keep buying and supporting Bitcoin as core Bitcoin enthusiast.

[franky1]

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

says the guy that promotes that even innocent people should spend their coins through mixers
says the guy that promotes that people should transact less on bitcoin and lock value up to use other networks

im starting to wonder if blackhat was in receipt of the same campaign sponsorship as gmax, and both contracts expired so now pretending to have different views to their previous multiyear content
(pretending to be the good guy this week, now their payments for being the badguy have stopped)

as always thinking they can change events of history with a few hugs and ass kisses to appease the masses..
.. i dont think they will ever change and this is just a platitude stage hoping it will wash away all their failures previously

[wiss19]

        -  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!

I think investing in other coins besides Bitcoin is also good because as everyone knows Bitcoin is a long-term investment project and a long-term profit project than other alternatives. They get quick profit from the coins and as everyone knows the price of Bitcoin is the highest among all other coins, so the higher the price, the more money you have to invest to get the profit, but this is not the case with other coins, you can get good profit by investing a small amount but it is also true that all altcoins follow Bitcoin.

If BTC goes up, all other coins go up and if BTC goes down, all altcoins go down. Therefore, Bitcoin is more reliable than all other coins and it is also certain that if the price falls as low as Bitcoin will necessarily recover, this is not the case with the remaining coins, so alternative coins are always high-risk.

[serjent05]

"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 also a good way of saying Bitcoin needs to be further developed to meet the demand of the current situation and more importantly be one step ahead of the competition.  Looking out for the flaws and implementing fixes for them.  Planning ahead to outsmart competitors and outperform the existing system in terms of fees and transaction confirmation time.  Since Bitcoin was created as a currency, it must compete with the existing currency in terms of security, accessibility, reliability, and speed while not deviating from its original purpose of being decentralized.  In short, Bitcoin technology development must also not slack.

[Saint-loup]

Well, I understand that miners and devs could feel responsible about it but for a random user it's hard to support and advocate for something you have no way to influence or to interact with. When you can only endure decisions and choices made by other people, largerly matching their particular interests usually and often opposing those of users sadly, you can less easily feel concerned about it IMO. Especially it's hard to always be enthusiastic when bank wires are quicker and cheaper, and less energy consuming than Bitcoin transactions nowadays tbh.

[BoB_Bass]

I'm a new account here but I've participated on other platforms over the years. I've come across Greg Maxwell/null c on more than one of these and I've always appreciated his wisdom.

The problem I find with a lot of online bitcoin influencers is that they have an attitude of "why do something if it's not the most profitable thing to do."  For example I see a lot of advice online like " don't bother solo or pool mining if you have old equipment, just buy coins instead", " there's no advantage to running a node, it's just an expense", "don't use ATMs or peer to peer, only use the largest exchanges because they offer the best rates", that advice will resonate with people who just want to make as much money with the lowest expenses but if you believe in bitcoin why not support the network with a node, mine to a solo pool or a smaller pool to make a (tiny) impact against the centralisation of the big mining pools. 

If everybody had the current attitude in 2009-12 there is no way that Bitcoin would be where it is today, if it wasn't for early miners, 10,000 pizza guy, Gavin with his faucet, AA giving away free coins in almost empty conference rooms, and all the other early guys Bitcoin wouldn't be where it is today.  People who took chances and made what would look like poor financial decisions should inspire us to maintain Bitcoin's biggest strength.  Decentralisation.

[pooya87]

" don't bother solo or pool mining if you have old equipment, just buy coins instead",
if you believe in bitcoin why not ~ mine to a solo pool or a smaller pool to make a (tiny) impact against the centralisation of the big mining pools. 
If everybody had the current attitude in 2009-12 there is no way that Bitcoin would be where it is today, if it wasn't for early miners, 10,000 pizza guy, ~

Your statements about other stuff like running node, using over the counter methods to buy, etc. are correct but not the ones about mining.

You can't compare mining today with mining in 2009-2012. Back then you only used the PC you already had without needing to purchase specialized hardware. Meaning you could mine using your CPU and later with your GPU. Today that does not work. You need to purchase ASICs to be able to mine bitcoin otherwise it is not worth it because statistically speaking you will not find any blocks due to the high difficulty.

[davis196]

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.

What do you mean by saying that Bitcoin is "not 100% safe. But a lot of influencers are pushing that idea"?
Your cold wallet could get hacked, if your security measures aren't good enough, but other than this, Bitcoin is totally safe.
Who are those influencers that the "pushing the idea" that Bitcoin is 100% safe? Can you mention a few?
I partially agree with Greg Maxwell's opinion, we should protect Bitcoin, but at the same time, I kinda disagree, because Bitcoin is just a financial tool and we shouldn't get too romantic about any currency or financial asset that is out there. Life isn't all about making money and growing your wealth. We shouldn't get too obsessed with money and finance.

[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.

I don't also understand the world play there, but it looks contradictory. How can one fail if it's successful already? Haha, but BTC is not new anymore and we already witnessed its performance through the years and by there, we can say that it is really successful. Future is only unpredictable but if in case there are things that can affect it negatively, I won't say that it is a failure. It is not its fault nor its founder and we can just accept it.

I guess it's wrong to use the word bitcoin in this statement but what I really mean and what OP means I am assuming that a person can either succeed or fail by investing in bitcoin.

If you invest in bitcoin and you made the wrong choices then you fail to make profit, most people would think that bitcoin is a scam then since they initially thought that they would immediately create profit with bitcoin but they weren't able to create profit. Which is totally their fault

Besides my image of success for bitcoin is when it is already adopted worldwide and not only by a few countries which we ae going towards to but still has not reached.

[God bless u]

"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.”

A very elegant and valuable advice for all the Bitcoin holders. You have to protect its value. Don't just go after the profits. Try to save the value of Bitcoin along with the profit that you will get from it.

Thats the moralities we should have a deep focus on. Nowadays people have become so much selfish that they don't know how to protect the source from which they are benefited.

[kryptqnick]

That's why I don't like whale manipulation stories: they make it seem like we're powerless and there's someone pulling the strings. But that's not the case with Bitcoin. It's all of us, our choices and the general mood of users. It is affected by news, by some global events, and billions of dollars being pulled in or out can also make a difference. But we should do what we can to contribute positively.

[Hamza2424]

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.

Here's nothing wrong with this narrative about the reliability of Bitcoin compared to other crypto projects, but as you, we call the crypto market a risk investment market and from its name its clear it's obviously a risky market you can't give a word on the 100% guaranteed returns on any level or phase of the market.

Be sensitive about developments, security while dealing with crypto assets, even with Bitcoin you need a sharp decision making.

[Casdinyard]

"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.”

Not gonna lie I am one of those people who always thinks that in most cases, bitcoin is too big to fail now, considering even the outside market is now looking for more ways to get a hold of it and claim a stake in its network and worth instead of stopping it. However, at the back of my mind I know that we are still practically responsible for keeping this whole system intact and alive. This is one of the biggest reasons why I always advocate towards investing on people who are already interested about what bitcoin is, and those who already did their homework vs dry-upselling bitcoin to people who don't know shit about it. 9 times out of 10 the person with surface knowledge wouldn't paper hand and sell at the first sight of price dump, while we know what happens with full on newbies.

Also all the more reasons for us to think about expanding now more than ever, it's not enough that we remain like this cause bitcoin does not have much going for it besides its high valuation. Any other factor it is severely outclassed by other coins on the market, we must explore options to better extend our reach outside the bitcoin market and create new long-term investors besides ourselves.

[re-start]

It all depends on the people. If you don't store bitcoins in a secure hardware wallet and keep it on an exchange, there is a possibility that you will lose your bitcoins. Professional traders often only deposit some of their assets on an exchange and transfer their profits back into their secure wallet.