RE: Bitcoin User Arrested Over p2p Transaction! - Is No One Safe?
This kind of action was expected. It is not the first time.. and mr. Morgan (if convicted) wont be first person to go to prison.
As mentioned by someone on "SGTReport", someone warned BTC hodlers/traders that this will hapened.
Quote :
This should come as absolutely no surprise to anyone with foresight. Some have been warning of this sort of thing from day one. Chris Duane reminds people of this regularly, but the crypto-cultists drag him through the mud for relaying the unpleasant but honest message.
Cryptos will continue to be hijacked and ultimately controlled by the very entities who hastened their emergence in the first place from behind the veil. These entities had (and have) suckers the world over actually believing that cryptos were/are going to permanently make an end-run around government scrutiny. Now that they got everyone right where they want them, the claws are coming out.
Stick with nature's money in physical form. Thousands of years of monetary history give it its longevity and legitimacy. And the fact that it isn't a "get rich quick" scheme makes it all the more solid.
End quote
I think whoever wrote that should have a look at Bitcoin first before making a statement. The fact of the matter is that crypto currencies, such as Bitcoin, can be neither "hijacked" nor controlled by governments. And I'd be intrigued to know where this dumb theory comes from, that says that it was a government that "invented" Bitcoin. Why the hell would governments / banks want to invent a currency that they can't create out of thin air, that is not tied to an identity, and that they can't control? That makes as much sense to me as if someone told that General Motors and Exxon Mobile colluded in order to come up with a car that runs on rainwater in order to make people more dependent on gas engines and crude oil. In other words: If those people are so stupid, how come they are so wealthy?
Well, and even if they invented it - it can't be 'uninvented'. And wasn't it Kodak who invented the digital camera and then went bankrupt over their own invention?
Couple days ago, I heard something I am not sure, whether to belive.
Could you please help me.
In BTC, all things are decided by "majority of miners".
So... if majority of miners decide to "rise number of BTC", then (in theory) 21 mio is NOT "final max number of BTC" ????
Your thoughts ?
You're right:
Mathematics puts some limits that "majority of miners" cannot decide.
That's a negative on that question. The miners cannot decide anything by themselves, even if they all worked together. In Bitcoin we have five constituents, of which none has full control over the system: Developers, Miners, Nodes & Wallets, Users and Retailers. They all have their own interests which partially even contradict the interests of others. That's why it is called a 'consensus network'.
Even nation states wouldn't be able to take over or take down Bitcoin anymore, because the network has grown too strong by now. Here's a link to a video I transcribed, where Andreas Antonopoulos explains why Bitcoin is so resilient against attackers:
Can Governments take over BitCoin?
There are some who believe that the move toward th elightening network witrh btc is the "beginning of the end" see here: https://steemit.com/bitcoin/@son-of-satire/what-is-bitcoin-s-lightning-network-and-how-will-it-be-used-to-fuck-us
I'd like to add that I don't think there is any necessary connection between wealth and intelligence... there are some pretty dumb rich people, I'm sure... and a lot more "smart," poor ones. Then again, how one defines "intelligence" can be quite subjective... In some ways it seems plausible that gov did create btc... I'd suggest watching vdeo I posted above about lightning network. an makes argument that its implemenation will "fuck us," to use his terminology. I can't explain details atm, just watch vid :)