Stablecoins Bitcoin has been co-opted by Blackrock and the government

[TheVigilante]

This is the view of Peter Thiel

This is the exact reason I don't like Bitcoin as much as I liked it 10 years ago

https://twitter.com/x/status/1985071565042749663

Thoughts?

 

[Dopious]

Might be good for value, but it sux hard as crypto should be an alternative to government money with freedom.

 

[roydan]

Bitcoin was never intended to be an alternative to fiat, just to act as store of value.
As time progressed the community kept developing it to somewhat act as a form of payment (like the lightning network) but it wasn't the original use case.

 

[Dopious]

Bitcoin was never intended to be an alternative to fiat, just to act as store of value.

As I remember it from the first talks on the forum when the creator made it, it was intended as a payment currency, the store of value was a bonus as there was a cap on issued bitcoins.

 

[Zwielicht]

Of course the government and companies are trying to control something that was created to be decentralised (well, at least that's what they say)...

 

[Octavia]

Of course the government and companies are trying to control something that was created to be decentralised (well, at least that's what they say)...

Who is the real Satoshi?

 

[ggmopa]

Who is the real Satoshi?

I heard that Bitcoin was the efforts of a group of Transumanists known as the Extropians - they a follow a particular Tranhumanist ideology called Extropianism. Here is an interesting article from 1994 about them. Juilius Assange was a member too. Could be one are any number of the notable members that started it or maybe even an acronym for a number of them.

 

[Dopious]

As I remember it from the first talks on the forum when the creator made it, it was intended as a payment currency, the store of value was a bonus as there was a cap on issued bitcoins.

You can read about it in the whitepaper he released in 2008

https://bitcoin.org/bitcoin.pdf

 

[ExecutePHP]

Sadly, I remember a time when bitcoin were being offered for services at a rate of 5/$20.

I’ve been offered 100 bitcoin quite a few times before it got to where it is now.

Prior to the pandemic, I knew this was coming.

Crypto is money. The government is always involved when it comes to money.

 

[LegacyBuilder248]

bitcoin is a bankers product.
i saw with my own eyes videos from the 80's how bankers describe the future of money and blockchain (they didnt used that name) .
It was a 1:1 blueprint of todays blockchain.
More important i studied reports from banks like JPM from 2011 which had in their reports that they plan on a quick 2000% gain on BTC
and had already in 2011 an average amount of 50 logins per day to crypto exchanges.
So much crypto is anti government and anti banking .
FBI report telling that they already could identify in 2011 98% of all bitcoin transactions and a plan to close the 2% gap by implementing KYC on important 3rd party service providers.15 years later you can see where we are.
In 2011 Bitcoin was a nobody and the FBI showing on their report no interrest to eliminate bitcoin but only concerned for solutions to identify all transactions.
If you ever researched before about alternative currencies you would know that government instantly crushed on any alternative currency instantly even if only 50 people participated.
And to destroy bitcoin it would be easy and still is easy if there would be any real intention.

Sathosi Nakamoto has 5% of all bitcoins.Today it should be already arround 8% because many bitcoins have been lost because of forgatten passwords etc..
If you know a bit about economic you know that if someone holds 5% of a currency he basicly dictates if and when the value of that currency may go near zero .
You think BlackRock and Co would ever open big ETF's not knowing who exactly holds these 5-8% of all bitcoins ?
Crypto is a trojan hourse.
When i was young and went to university for economics nearly every student knew and repeated "Virtual Money is the Bankers wet dream"


Within the next 2 years crypto will be implemented into a new monetary system for western countries therefor they are currently creating good entry points for the institutions.
BRICS won't implement it but will use a currency which will be backed by physical gold.
The crypto based monetary system will be in the beginning skyrocketing but in the end fail by institutions dumping on retailers on top and make western citizens poor.For that they have the 5-8% bitcoins in sathosis wallets.
A wealth transfer.So if you are in crypto don't miss that point and have assets ready in which you can invest your gains without getting destroyed in taxes

 

[Champagne]

Sadly, I remember a time when bitcoin were being offered for services at a rate of 5/$20.

I’ve been offered 100 bitcoin quite a few times before it got to where it is now.

Prior to the pandemic, I knew this was coming.

Crypto is money. The government is always involved when it comes to money.

That’s it. Once the government sees money in it, they will try to take control of it.