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The future of Bitcoin and crytocurrencies

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Something along the lines that we already have totally OK money that is mostly electronic, moves‌ fast enough, etc.
I did not see inflation / debasement as the main problem that‍ BTC solves. Also CBDC-s were not a thing back then, I was much younger and⁠ turning money around much faster, had not much to store ... Banking was totally different⁤ ....
In general - world was less fu***d (imho).
🙂

probably dont remember all the reasons⁣ any more. some of the contraarguments posted ring a bell ... 😉
 
Bitcoin is not money, it is a‍ currency. Gold and silver are money. Fiat is currency which used to be backed by⁠ money. BTC is not backed by money.
 
Seems you have it all mixed up. Could you please give⁠ the definition of "money" and "currency". And the source.
 
That would be going‍ off-topic. The point is that BTC is a cryptocurrency. It is not money⁠ because it has no intrinsic value, so its dollar-price is on an air bubble.
 
The reason the 'traditional' powers are trying to control BTC is simple: they don’t control‌ it.

Bitcoin is THE ASSET to hold, and XMR is THE CURRENCY to transact in.‍ Together, they form one of the most censorship-resistant setups available, especially if you avoid exchanges⁠ entirely.

Seeing BTC as a CBDC/FIAT competitor is like seeing gold as a competitor to⁤ Monopoly money: one is a timeless store of value, the other is just a game⁣ for those making up the rules.
 
How can BTC be⁢ an asset if its only value is the fact people are using it for now,︀ until they stop? BTC and XMR are both currencies. BTC has no underlying value let︁ alone a timeless value. It is not even the best coin on a technical level,︂ it was just the first. Many coins are technically superior to BTC. Gold/silver is the︃ asset to hold, XMR is the currency to transact in. Ideally, physical silver for cash,︄ with XMR as a supplement for digital transactions.

And XMR too is not backed by︅ anything but a code the governments cannot break, which I suppose does have value.
 
Don't get me wrong but people here clearly have no understanding of the tech on‌ bitcoin and the global monetary system change.

First of all Bitcoin proofed its resistant against‍ tyrans ?Is this a joke or what ?
Bitcoin is so easy to be taken⁠ over by governments it amazes me how stupid people act.Sorry i can't use other decent⁤ words.I was a leader of a REAL decentralized project which was even in CMC top⁣ 5 from 2014 till 2018 and i can tell you bitcoin is a shitcoin.Its build⁢ like a ponzi on purpose.
It can be so easily destroyed its just frightening people︀ like on this forum are still defending it.
Governments had MANY opportunities to destroy or︁ at least harm massivly bitcoin.They never did anything other then verbal attacks.
Did you ever︂ researched yourself what to ANY other alternative currency in the world in the past happened︃ and what kind of instant resources governments used to destroy it ?
It amazes me︄ you don't ask yourself if they were even able to use so much resources to︅ destroy even the smallest projects why they did nothing on bitcoin/crypto.
Claiming bitcoin could not︆ be stopped is simply stupid.I would have known 1000 points where i could have attacked︇ bitcoin and destroyed it.
FBI reports show they were able already in 2010 to identify︈ 98% of all bitcoin transactions and suggested to close the 2% gap using 3rd parties︉ to enforce KYC.Today we have 2025 and what happened ?Do we have KYC to close︊ the 2% gap ?
You guys even are aware how secret services are monitoring crypto︋ transactions ?I doubt so because else you would never make the stupid claim that these︌ transactions are tyran resistanat.That would be so easily to block but the problem is you︍ guys don't even understand how internet works in reality and what security functions they have︎ already implemented.

More important in the "elites" group they are openly talking about 2 monetory️ system changes for many years already.
The first one will fail and the second one‌ will be based on SDR from IMF and linked to gold.
Ohh and by coincidence‍ they are now adding in western countries a bitcoin reserve and sell their gold.
And of course the governmental agancies data that mainly western countries will feel the downfall of⁠ economy and currency value is also just a coincidence.

All these coincidences........Yeah right but you⁤ guys know better even not understanding the tech behind it when reading your nonsense claims⁣ about bitcoin.
Sorry to be so hursh but when reading always the same nonsense people⁢ spread all over the internet not even understanding how easily the code of bitcoin can︀ be changed and even the supply amount it just makes me furious.

Joe posting chart︁ of bitcoin.I can bet with you gold will from today outperform bitcoin and you know︂ why ?
Because i understand the final monetary system where all gold in the world︃ needs to equal all M3.Now compare that to the bitcoin s**t chart you posted

For how long ?Heh ?
And who bought themself in to major oil companies at︇ that time ?The elites who are still accumulating oil company stocks ?
Guess why they︈ are doing it ?Or better guess for what event they are accumulating oil company stocks︉
 
theres no guarantee because in legalese there is nothing which prohibits this at all, there︄ is not even a prospectus.
But knowing the process its highly unlikely.
 
Of course, they can change the 21M capt any time. But it would‍ be a hard fork. And then we have BTC and BTH (or whatever you want⁠ to call it). In the end it does dilute BTC but in the same way⁤ a dog coin does. Hence, it comes down to the question of credibility of BTC⁣ and I think there are currently clear indications that there is not much competition (in⁢ the worst case, you hold two coins).
 
It was REAL decentralized and there were fights between big investor groups.One major‍ chinese group trying to take advantage by controling majority of coins.
Another group from US⁠ trying to get their fingers on the reserve fund to finance their own project by⁤ controling most voting power
Third group greedy programers who charged like "google pay" (according to⁣ chinese) who got already in 2014 $200 per hour even when having fullltime work load.⁢
In general many diffrent kind of groups trying to install diffrent kind of power controls︀ to benefit because of it.
In the end a few scammer programers who have been︁ kicked by the comomunity and an active chinese lead programer from china took over control︂ over the project releasing a hidden malcious code in an offical update making the community︃ voting basicly irrelevant and giving all the power to the scammer programer.
He instantly changed︄ control over all nodes to his friends.
Once this happened he attacked his enemies destroying︅ their assets on the blockchain and when other people saw it they instantly moved their︆ assets out of the blockchain asap.

But what i can tell is hiding hidden code︇ into blockchain code is very hard to find.We spend millions on programers ,auditing etc and︈ even big exchanges audited our code like Binance,Huobi etc and noone found that one of︉ the major programer stole somewhere in 2016-2017 10% of the reserve funds.
The hidden code︊ was found by accident in 2021 when working on an update of a specific feature.︋

Also what i can tell since our project was really decentralized it was ONLY supported︌ by old hardcore crypto enthusiats who focused on the value they had in the beginning︍ but was very often ignored by the establishment since it really had no control functions.︎

So all these big crypto media,influencers etc are all after the money and don't really️ care about decentralization and we all know money flows from the big institutions.
Also real‌ decentralized projects are getting attacked when they receive a specific size.

SEC is no problem‍ at all.You pay $400k to the chamber of the SEC guy and they will write⁠ you an offical letter which will keep you the SEC away

Why hardfork ?A softfork is enough .
Worst you will have︃ both tokens ?
Oh god you clearly don't understand how crypto works.
If i softfork︄ your blockchain add an additional 50% of total coins and dump it on the market︅ the value of both tokens from you will be near ZERO but hey you still︆ will have both token worth nothing
 
Why so aggressive?⁤

What I mean is that it is very, very unlikely that the majority of bitcoin⁣ miners will agree to an increase of the cap as their current coins will devaluate.⁢ Hence, they will keep mining on the original blockchain. Hence only a hard fork is︀ possible. You then have BTC and BTH.
 
Mining is a business.They will push anything what will bring them more money and not⁣ what is better for retailers.
Miners do many shady things to profit like increasing transaction⁢ costs artificially and many other bad staff.
You think they would have a problem mining︀ a softfork which would bring them more money ?

Keep dreaming.Node providers are greedy as︁ hell.Talking a lot s**t about protecting the code ,community etc but in reality all they︂ care is profit.
Have a look at our old major programer Daniel Larimer who went︃ to EOS.Sold basicly our code to EOS for a money grab to the EOS buyers︄ where even our crypto projects name was still in his code.There is no honesty in︅ crypto our chief control programer went to algorand .He was somewhat half honest but they︆ what cared most was their own pockets as he made $400k a year
 
Thank you very much for your reply. I appreciate it. But then, we would have to⁤ put it another way.
"As long as the owners of bitcoins have sufficient control over⁣ the mining ressources, it is theirs."

Which then, however, contradicts bitcoins biggest advantage:
So, essentially the "storage"︁ cost of bitcoin is having sufficient control over the mining power. The advantage over silver︂ and gold is (and that is important), others may be willing to do it for︃ you.

But hypothetically speaking even if they would mine off a softfork. The old owners︄ could still operate their hardfork of the original protocol.

The one of Steem?
 
Thanks for the example, but still... what does your lack of controlling IP and retaining⁢ personnel have to do with BTC? I understand your point, but you have even worse︀ people wielding more power in the 'FIAT world'.
 
People will go where the money is.If major miners︀ and exchanges decide the softfork is the real bitcoin than the crowd will follow.
And yes Larimer also created the small side project steem.
Another member of our group is/was︁ the creator of DAI which is basicly an upgrade of bitassets
 
Bitcoin is⁠ the project of the fiat world.They just want more control.

It was⁣ just to show the wrong statement that bitcoin can't be traced and stopped by tyrants⁢

Bitcoin will in the end fail when they want to implement the second final monetary︀ system.
Make your money with bitcoin and co.I do the same since in 2014 i︁ realised crypto can't be stopped.However i try everything to keep cash alive and make sure︂ i have real tier 1 money stored securly which can't be taken away or put︃ a negative interest on.
 
it has nothing to do with crypto. 😉
You can still hold‍ it which you cant do with state aka fiat property.
 
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