BigGameCAsino (OP)
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September 10, 2014, 11:06:31 AM |
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If dollar currency will be killed, government will surely be in chaos. So, Is the government trying to kill bitcoin too?
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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BitCoinNutJob
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September 10, 2014, 11:28:08 AM |
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Remember they arent a 100% evil controlling group who consciously try and screw us over in every single situation although this does happen very often. They have a decent level of control and elites use them as a very effective tool to manipulate us.
Elites have the power and they have almost unlimited funds to invest in new things, i cant believe they are totally anti new things.
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blatchcorn
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September 10, 2014, 11:36:43 AM |
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Remember they arent a 100% evil controlling group who consciously try and screw us over in every single situation although this does happen very often. They have a decent level of control and elites use them as a very effective tool to manipulate us.
Elites have the power and they have almost unlimited funds to invest in new things, i cant believe they are totally anti new things.
Illuminati confirmed.  In all seriousness you are right. Governments did not try to kill radio, TV or the internet. It is likely they will do the best to regulate it, rather than kill it. Besides, if they wanted to kill it they would have done so a long time ago |
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expert4knowledge
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September 10, 2014, 11:41:04 AM |
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Remember they arent a 100% evil controlling group who consciously try and screw us over in every single situation although this does happen very often. They have a decent level of control and elites use them as a very effective tool to manipulate us.
Elites have the power and they have almost unlimited funds to invest in new things, i cant believe they are totally anti new things.
Illuminati confirmed. In all seriousness you are right. Governments did not try to kill radio, TV or the internet. It is likely they will do the best to regulate it, rather than kill it. Besides, if they wanted to kill it they would have done so a long time ago But they may place strict regulations for controlling it if it becomes more popular. |
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Mr Tea
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September 10, 2014, 11:44:00 AM |
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And they would kill it how exactly and under what grounds? You'd have to shut down the internet to stop it.
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lihuajkl
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September 10, 2014, 12:31:54 PM |
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The elites are regulating us through printing notes. They won't let it die rather than to kill bitcoin to keep fiat alive.
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barbarousrelic
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September 10, 2014, 12:44:25 PM |
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They could surely try, with varying possible degrees of success.
They could make it illegal for any banks to do any business with Bitcoin exchanges, which might stop large Bitcoin buyers in countries where this was made illegal. This could cause a significant drop in the value of Bitcoin.
However, they could not prevent smaller scale Bitcoin transactions from taking place without implementing a 1984-style police state and completely destroying the concept of free speech. That isn't going to happen, and if it does, Bitcoin is the least of our problems. (After all, Bitcoin is just people sending messages to each other.)
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Do not waste your time debating whether Bitcoin can work. It does work.
"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.
There is no such thing as "market manipulation." There is only buying and selling.
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Poorri
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September 10, 2014, 12:58:02 PM |
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It's a lossing game, Bitcoin cannot be killed.
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Jamie_Boulder
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September 10, 2014, 01:14:29 PM |
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It's a lossing game, Bitcoin cannot be killed.
Correct but it can be deregulated and outlawed, china is a good example of this. Also considering that 90% of people are in Bitcoin because they believe it's an "investment" *shakes head* this would effect the value, popularity & mining. |
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jjc326
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September 10, 2014, 01:52:11 PM |
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I think if it gets too big and an actually competitor to the dollar then yes govt. will try to limit access to Bitcoin. No, govt. can't "KILL" Bitcoin but it can really hurt it by limiting access to Bitcoin sites. Imagine, they would limit access to sites like this one even. If the dollar goes down, I think anything goes.
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Strawbtcerries
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September 10, 2014, 03:12:50 PM |
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This has been talked before, no way to effectively kill bitcoin, calm down.
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Beliathon
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September 10, 2014, 03:58:17 PM |
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This has been talked before, no way to effectively kill bitcoin, calm down.
There is actually, but it would involve eradicating the human species at this point. I don't think any governments would go THAT far. |
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2double0
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September 10, 2014, 04:03:53 PM |
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This has been talked before, no way to effectively kill bitcoin, calm down.
If the internet or electricity is down so is bitcoin. |
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LitcoinCollector
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September 10, 2014, 08:34:59 PM |
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If there is a situation where the internet or electricity goes down so we can't maintain bitcoin, then my guess is that, in this situation, printed paper is of no value as well.
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Beliathon
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September 10, 2014, 08:45:16 PM |
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To borrow a phrase from Bruce Fenton:
If the tyrants of the future knew today how the blockchain would change the world, they would kill every single one of us to stop it. I am not being hyperbolic. Fortunately for us, they don't have that foresight, and there's too many Bitcoin followers now in any case.
Bitcoin represents nothing short of regicide of modern financial kings. It's an usurpation of the sovereignty of the state, by seizing control over money, devolving* sovereignty to the individual level. In centuries past they would have solved a problem like this by lopping heads off. Can't do that in the information age.
*this is meant as compliment, not insult. Individual sovereignty is social evolution from a world governed by the violence of nations.
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oceans
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September 10, 2014, 09:00:27 PM |
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They will try everything in their power to kill it that is for sure. Bitcoin is something they are unable to control like they do USD meaning people are free to do what they wish with it and the government hates that. If the government could either kill it or control it and regulate it they would.
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giveBTCpls
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September 10, 2014, 09:06:04 PM |
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They would need to put so much effort that it's simply a stupid goal for them. They would need to literally shut down the entire internet to effectively kill Bitcoin. They know this is stupid thats why they aren't even trying. They are just thinking people will not end up using it too much, too bad they are fucked because it will end up going mainstream.
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counter
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September 10, 2014, 10:09:24 PM |
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If dollar currency will be killed, government will surely be in chaos. So, Is the government trying to kill bitcoin too?
There has been talk or a world reserve currency for a long time. The dollar being killed is just one of the ways the bankers have decided to remove America from it's position of power. Then they can back a new leader(China). They will then continue to do business as usual in order to get more control. Bitcoin is likely being targeted but the chances of it being killed is up in the air at this time, it could go either way but likely not to happen IMO. I feel this way mainly because they have many other things to worry about and they don't have control over Bitcoin like they do with paper currencies. |
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Erdogan
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September 11, 2014, 01:20:48 AM |
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Department of love - the military
Department of truth - main stream media
Department of abundance - the fed
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