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It is a bit similar to what government geniuses are trying to do with (Russian) gold: U.S. senators want to target Russia's gold reserves
Such a ban/sanctions on gold would effectively exclude all gold from the market that can not be proven to have never touched Russian soil/Russian hands.
However, neither will all this be the end for BTC nor the end for gold.
The Western system and specifically the EU is doomed. If the West bans something it is just a matter of time for the East to do the exact opposite.
They will only result in the eu to being isolated. The USA might doge a bullet here as it seem to have a great deal of pushback which is absent in europe
Once again plenty of bla-bla from the control-freaks -> Janet Yellen let slip details of Biden‘s executive order on crypto
Just what is needed for the next Crypto Bull market.The day most people think like this will be the beginning of the next crypto bull market.
Even if the US, EU ban bitcoin its citizens will find away to collect and hoard it, other countries in the south of the equator will also, this was shown throughout history, when something gets banned, people are more likely to obtain a little bit of it, they question the government, Zimbabwe tried to ban the $ when their currency collapsed, the blackmarket boomed and today the $ is used
There is a lot of truth to this. Crypto-unfriendly countries can't stop HODLing. We're left with the question of transactions.
If US and EU try to ban crypto as a medium of exchange, will that secure their monopoly on currency or will it scare people into ditching any remaining faith in their last gasps at hegemony?
https://cnb.cx/3T6ZIG4
For example in UK, exchange controls lasted from 1939 to 1979. I have family stories of how much of a pain it was, even to collect decent travel money for a foreign trip. To do this again in the twenty twenties, they would need to stop the Internet. Let's see how that policy does at the ballot box.
We remember "Information wants to be free" from the 80s and 90s. Well, politicians, now money wants to be free as well.
In 3 years, those who take the opportunity now will be x times richer than those who give up. In this line of thought, I want to tell you something that is of utmost importance. Blinded by the possibility of quick and easy money, many people do not realize the fact that all crypto will die in the dawn of CBDCs except Bitcoin, as it is the only one that presents any alternative.
Shitcoins are a casino designed to get rid of your bitcoins. 100% SCAM, no exceptions.
Shitcoins are a casino designed to get rid of your bitcoins. 100% SCAM, no exceptions.
There is no 00 also Johnny.
Money is money there is no colour to it.
The difference is that so far no one can take away your Bitcoin (it can only happen if you don't have the experience to handle and store it properly, which is not Bitcoin's fault) and you are your own bank.
All your money owned by a central bank, all your transactions subject to censorship! And it's not about money at all, it's about control, and what easier way to control you if they control your money.!? The only alternative to this nightmare is Bitcoin. It alone represents decentralized electronic money in a "cashless" world.
Bitcoin exists as a monetary instrument with a fixed supply and no administrators to violate the underlying protocols or the autonomy of its users in a world of promoting monetary manipulation and collectivism to benefit themselves. Its purely informational property with built-in security simply maximizes individual freedom. The banking cartel is threatened by exactly that, the individual's personal rights and freedoms, including his right to privacy and personal property.
Having a valuable currency that a tyrannical government can't control is terrifying and they should try to stop it so everyone is forced to use a debt based electronic currency that they create out of nothing and can destroy at will.
Bitcoin is a form of free speech. Unconfiscatable, unstoppable not subject to censorship, knowing no borders, barriers and any limits. Qualities based on pure mathematics and thermodynamics. Although the European Parliament has a better chance of banning the bees from flying than Bitcoin has to produce blocks and validate transactions, such attacks by large organizations usually have a negative impact on the price of the asset. But before it was an asset with monetary value, Bitcoin was an idea, and ideas are immortal.
Typical NOOB nonsense.If you hold fiat noone can take you your cash away if you have it in a safe place.Inflating money and decreasing money is the same like controling bitcoins price by holding majority of these coins.
Also a 51% attack was so easy to be done the past years it would only take the biggest 4 mining companies and they would have control over all bitcoins.
So much about being secure.
Men your write like a total noob blended from hype articles.
The group holding majority of coins dictate the price and can tank it anytime they want.Do you really belive in the never ending explantion nonsense why bitcoin is tanking so often ?
Its not because of news like FTX but its a simple accumulation distirubtion phase.
JP Morgan was accumulating already in 2010 so who do you think controls bitcoin ?Who even created the code ?
Its nothing more than a marketing gag to make a smoother transition to CBDC's .
A good example of accumulation / distribution by a bank is NKLA stock. Skyrocketing during distribution phase from $0.5 to $90 and after the distribution tanking back to $2.
you are asking for proof ?Seriously do you have a brain ?
You think when bankers create bitcoin to trick people they have an offical source for it for people like you ?
Did you ever read a JPM or FBI report about bitcoin ?
Yeah sure.They will take money out of their a*s.You guys even understand how value of a currency is being created ?
Bitcoins price is raising out of thin air heh ?
You guys even understand what a ponzi is ?
For someone to make money on bitcoin someone else need to lose it.
Banks are in since 2010.Satoshi/bank creator has 1 million btc reserve.Guess who will be the final loser
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https://braiins.com/blog/how-much-w...coin#toc-measuring-1-hour-cost-of-a-51-attack
https://www.coindesk.com/tech/2020/02/20/no-concentration-among-miners-isnt-going-to-break-bitcoin/
I would recommend you read these two articles explaining your concern about the 51% attack on the Bitcoin network. Such things should not concern us at present.
"If you hold fiat noone can take you your cash away if you have it in a safe place" - I agree, the privacy of the money in your pocket is one of the last freedoms you have left. I am PRO physical cash, I pay everywhere and for everything with cash, but look around, THEY are creating and pushing a cashless society, laying the foundations for CBDC and they will start as the equivalent of "food stamps" under the guise of UBI (Universal Basic Income ) or "stimulus checks".
"The group holding majority of coins dictate the price and can tank it anytime they want..." - Trust me these people are not selling on exchanges, they are doing OTC trades. Exchanges don't have enough liquidity to absorb their sales, only MM(market makers) make such big volatility in the market to rob retail traders positions playing with high leverage.
"JP Morgan was accumulating already in 2010 so who do you think controls bitcoin ?" - does not matter, all network participants controls the network, you can start too and run your own Bitcoin Node.
"Who even created the code ?" - that's what makes it such a sweet high-risk asset, a trillion-dollar answer, who knows.?!
"Its nothing more than a marketing gag to make a smoother transition to CBDC's" - you are not the first to claim it, many suspect the same and CBDCs are literally the hill worth dying on fighting this change they will force on us under the pretext that it is for our convenience (or coercion) "Digital Currency" is an absolute lie. Our euros and dollars have long been digital. However, what is meant here is PROGRAMMABILITY!!!!
Central banks will control this token even when it's in "your possession" It's not hyperbole, it's pure EVIL.
I have been involved in cryptocurrencies since 2014 and have seen all possible scenarios of what CBDCs will enable. And we're not just talking about the lack of individual freedom and privacy here, we're talking about the ultimate means of control even over governments.Imagine the European central bank, will dictate the political and social issues in Bulgaria or Germany, France, etc., having full control over the monetary policy of the state and the funds of the citizens, the business and the national bank. And most people don't even know where the ECB is
In 2025, 95% of all Bitcoins that will ever exist will have already been mined. In 2035, 99%. After 2035, the remaining 1% will take miners more than 90 years to fully mine the entire amount of Bitcoins.
Rules embedded in the code.
Code = law!
Don't take all of this as an attack, I respect your opinion, everyone has their own view and position and it's good to defend it.
Bitcoin is designed to withstand even a nuclear war, it only takes 2 computers and a radio frequency connection (you don't even need the internet) to generate and transmit blocks.
Bitcoin is our only weapon in this war. Use it.
Also it's a rare chance to build wealth for generations to come.
I love halving seasons, there is usually a setback to seek liquidity but it always reaches an ATH in the halving.
I am a firm believer that bitcoin will try to reach levels above $100k-$150K in the next halving
You posting 2 retarded articles is proof of anything ?https://braiins.com/blog/how-much-w...coin#toc-measuring-1-hour-cost-of-a-51-attack
https://www.coindesk.com/tech/2020/02/20/no-concentration-among-miners-isnt-going-to-break-bitcoin/
I would recommend you read these two articles explaining your concern about the 51% attack on the Bitcoin network. Such things should not concern us at present.
"If you hold fiat noone can take you your cash away if you have it in a safe place" - I agree, the privacy of the money in your pocket is one of the last freedoms you have left. I am PRO physical cash, I pay everywhere and for everything with cash, but look around, THEY are creating and pushing a cashless society, laying the foundations for CBDC and they will start as the equivalent of "food stamps" under the guise of UBI (Universal Basic Income ) or "stimulus checks".
"The group holding majority of coins dictate the price and can tank it anytime they want..." - Trust me these people are not selling on exchanges, they are doing OTC trades. Exchanges don't have enough liquidity to absorb their sales, only MM(market makers) make such big volatility in the market to rob retail traders positions playing with high leverage.
"JP Morgan was accumulating already in 2010 so who do you think controls bitcoin ?" - does not matter, all network participants controls the network, you can start too and run your own Bitcoin Node.
"Who even created the code ?" - that's what makes it such a sweet high-risk asset, a trillion-dollar answer, who knows.?!
"Its nothing more than a marketing gag to make a smoother transition to CBDC's" - you are not the first to claim it, many suspect the same and CBDCs are literally the hill worth dying on fighting this change they will force on us under the pretext that it is for our convenience (or coercion) "Digital Currency" is an absolute lie. Our euros and dollars have long been digital. However, what is meant here is PROGRAMMABILITY!!!!
Central banks will control this token even when it's in "your possession" It's not hyperbole, it's pure EVIL.
I have been involved in cryptocurrencies since 2014 and have seen all possible scenarios of what CBDCs will enable. And we're not just talking about the lack of individual freedom and privacy here, we're talking about the ultimate means of control even over governments.Imagine the European central bank, will dictate the political and social issues in Bulgaria or Germany, France, etc., having full control over the monetary policy of the state and the funds of the citizens, the business and the national bank. And most people don't even know where the ECB is
In 2025, 95% of all Bitcoins that will ever exist will have already been mined. In 2035, 99%. After 2035, the remaining 1% will take miners more than 90 years to fully mine the entire amount of Bitcoins.
Rules embedded in the code.
Code = law!
Don't take all of this as an attack, I respect your opinion, everyone has their own view and position and it's good to defend it.
Bitcoin is designed to withstand even a nuclear war, it only takes 2 computers and a radio frequency connection (you don't even need the internet) to generate and transmit blocks.
Bitcoin is our only weapon in this war. Use it.
Also it's a rare chance to build wealth for generations to come.
View attachment 4426
I worked activly with bitcoin since 2009 and run my own projects and you think i don't know what a 51% attack is ?
Seriously how dumb people can be ?
They never teached you in school to check facts instead of poor article claims ?
Todays people are so dumb they search for an article and call it proof.
How difficult could it be to check the hash power of the 4 largest companies back in 2020 and past and see if they would reach a 51% hash rate ?
But no we post articles and claim its proof of anything instead of looking directly into technical data which can't be manipulated.
How dumb can someone be not understanding if you have majority of coins you control the price.
You never saw a pre mined scam in crypto before ?
Seriously how do you people make money if you don't even understand basic.
Most stupid argument ever.
I saw so many codes changed against majority will by small minorities that you can't even imagine.
Code is not law.It just takes a 51% attack to change the code and you guys are fucked.
At ETH now it doesn't need even 0.00001% to change code.
Simply put a changed code as node update as DEV and its done against everyones will.
You are naive as hell
80k my bet based on historical data
You guys know what Basel III is right ?
You know how much crypto was leveraged right ?
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