RE: Has Bitcoin Been Compromised? If So, How Can You Protect Yourself?
In my opinion the chance that you as one person are compromised by your sponsor bitcoin,com is way bigger than hundreds of core devs being compromised because one of the many investors in Blockstream is a company led by an suspected person.
It makes a lot of sense for AXA to invest in fin tech, even if it is just to make money (they invest in personal alcohol tests too, what is the story behind that?). Please come with proper FACTS before you spread FUD about BTC.
Because if it is not true it is still the greatest tool to our freedom, you want to bash that and make people sell?
And do you realize how much delay the big block community has caused? Because of blocking Segwit we have one year delay on great innovation. There are two companies already accepting main net LND in beta on there own risk, so very soon we will have this rolled out and it will be huge.
Bcash is dropping in te same way as after the previous spike that was caused by market manipulation and paid shills. GOOD LUCK WITH YOUR BCASH
Berwick seems to be shilling for Bcash scammer Roger Ver now.
Also bear in an he's also trying to sell people on gold.
Now creating FUD about BTC, perhaps the Rothschild's have compromised Berwick!
And what if he is? Your anger should be better directed. Worry about the masses behind you not the handful ahead. And what is wrong with gold?
If your so right find a way to become a trillionaire instead of wacky nonsense, you compromised yourself.
Because Bcash was a fraud from the very start.
At the time of the fork last August, Berwick said precious little about it.
He was busy soliciting members to his group and making BTC promises he didn't keep.
At the time I signed up for his bullshit. When he failed to deliver on some of his promises I opted out. (to his credit he did provide a refund, and didn't have to seek the credit card redress)
Before Berwick never claimed any technical expertise about BTC, now he's acting like some self anointed fucking expert.
And now with associating and promoting Roger Ver and B(trash)Cash, he has brought his whole credibility into question.
Maybe Roger promised him a place in the sun on St Kits.
I reckon Bitcoin will weather the Jeff Berwick storm, as it has all the rest of the storms.
Gold is also difficult compared to Bitcoin, hard to transport and easily seized by government.
What guys like you and Berwick fail to recognize is the inherent value of Bitcoin is the immutable security, and truth.
Bcash has no such track record, just the opposite Bcash was born upon deceit and a known greedy scammer, we will just have to add Berwick to that cadre of deceitful clowns.
@alexcaskie Tried to buy some goods with btc yesterday...the fee was higher than the own price of the goods...whats the advantage of this technology if it no longer works as electronic peer to peer cash? I also think gold precious metals are way better than fiat as store of value...gold has been there for 5000 years and its price is clearly manipulated
@alexcaskie Thank you god everyone is starting to see how jeff manipulated the cryptomarkets with his huge following, he knows how gullible the public is and used it to his advantage, by gettin into cryptos at low levels, then recommending them then being one of the few that profit from everyone elses investment, and wtf is up with all these "subscribe to our newsletter" that used to be the last thing he talked about IF he ever even mentioned it, now thats all he does, promote "being a subsceiber" i was a subscription owner and becsuae it was only the basic package all i got was access to his books, which is fine, but i mean come on, he divided his entire following between those who have the primeum subscription and those who have the basic. Forcing people to upgrade just to get the next crypto "SUGGESTION" really makes no sense comimg from the man who wants peace equality and prosperity for all.
Bitcoin Core has only a few developers now similar to the Fed Reserve about 7, hired by Blockstream. The rest have been kicked out.
You either are a fool or a paid troll. You will find out soon what is happening if you are a fool.
Says the guy who’s anarchapulco.com wesbsite says and I quote “Brought to you by Bitcoin.com” on the front page.
We know whose pocket he is in....
Roger Ver is obviously a super rich crypto motherfucker, and it's obvious he's manipulating the entire network on different levels.
The Bitmain miner thing is another angle these guys are working.
I just bought two Antminers and had to pay in BCH, which I did. But there is clearly some behind the scenes skulduggery going on.
Berwick says BTC is compromised. what is more obvious is BCH is compromised security wise with a small network of miners.
Between BTC and BCH, BCH is much more susceptible to a 51% attack by the someone like the Federal Reserve.
i wasnt aware of that....what do you mean by 51% attack? my knowledge about this subject is a bit limitated sorry
If someone (or group of people working together) own at least 51% of all (currently) available coins, they could theoretically manipulate the market in any way they chose, as they hold a majority stake and can move it how they wish. This is impossible with BTC, as no one person, or even group or persons could ever realistically own or control that much BTC at one time. I doubt it's possible with BCH as well, but it is true that it is probably more possible with BCH than BTC.
A 51% attack is where a mining entity controls 51% of the mining, allowing them to take their own transactions off network, then double spend coin on the 49% side. Effectively destroying the security and accountability of the network.
There are some videos which explain it better, I'm no tech expert myself.
A 51% attack is based upon blockchain nodes. I have a node on my PC, it is about 500MB, or less than a DVD. Lets say there are over 10,000 nodes in the world. You would have to control 5,001 nodes in order to takeover the blockchain, the other 4,999 would just simply comply. It is a data record takeover, not a market price manipulation.
Ok so it does. Does it mean he can only speak glowingly of it and not have his own ideas?
Can he talk about only bitcoin because of it?
Buy both btc and bch :P you will be safe :D
wondering if you have finally figured out what hedge-x was talking about...
I see why it is hard to voice your opinion Jeff. People are vicious and suspect.
Hard to stay balanced. I've followed you and like you, and even disagree with you about how you have stated you started here on steemit. But I still respect you and wish you well.
Where do you think steem will be as a blockchain in the 2 year future window?
Here is a nugget that you might find interesting about some strange happenings in bitcoin past involving a higher than usual payout.
https://steemit.com/bitcoin/@poias/bitcoins-s-strange-block-7438-and-the-185-billion-possible-payoff-steemit-investigative-report-pt-1
I hope that was a better attempt at communication then name calling.
I'm trying to slow my roll and improve also!
Stay positive and loving!
Neither Jeff, perhaps you should stick to the walking the dogs videos. You were much more effective with your doggies.
Cheers A.
I probably should add, that the real fool is someone who pays $2000.00 transfer fee for 2 BTC...WTF!
Thing is I don't even believe you. Most people now are not transferring BTC at the moment, they are using other coin; LTC, DASH, ETH, XRM, ZEC, for example.
It is foolish to incur the crazy high fees.(if we are to believe you)
help vote brother🙂
Do you hear yourself @michiel? Where is your proof?
I think you are a fanboy that is letting your emotions in the way. Which will not amount to a hill of beans either way!
I am positive that Jeff has done more to "cheerlead" bitcoin and improve it then you ever will.
I don't have any proof, I don't say he is compromised. What I say is that THE CHANCE IS BIGGER in my opinion. Because it is hilarious that he is heavily sponsored by bitcoin,com and shifted his stance in the debate exactly the day that the first attack from Bcash on BTC started (flippening FUD part 1, the day that Bcash stole a majority of the miners of BTC by misusing a flaw called the EDA). While only a few of the hundreds of core devs are a little bit sponsored by one suspicious company and then 'core is compromised'. I still hope Jeff really thinks it and is wrong, because beside this subject he is doing very good things. It is sad that the voluntarist community get divided now.
Bitcoin and true cryptocurrency are NOT fintech. Deal with that.