The Fate and Future of Bitcoin: The Bankster’s Battle for Control
Jeff is interviewed by Vin Armani, topics include: the changing crypto space, globalist influence of Bitcoin, high Bitcoin fees, Bitcoin Cash, paid shilling and 'sock puppetry' to influence Bitcoin, suspicion over efforts trying to move bitcoin away from currency and towards 'digital gold', maybe Bitcoin core is the fork, people moving to Bitcoin Cash, what makes Anarchapulco so good and so different, massive growth in the liberty movement, Anarchapulco 2018, Ron Paul to speak this year!
Original interview from The Vin Armani Show website: http://vinarmani.com/the-vin-armani-show-1118-jeff-berwick-the-dollar-vigilante-anarchast-and-anarchapulco-2018/
Visit Anarchapulco 2018: https://anarchapulco.com
▶️ DTube
▶️ IPFS
Yes, I think the bank can control bitcoin in the future. Just look at the increasing of ripple!
I agree!!!!!!!!!!!!!!
Too many people are confusing “ownership of bitcoin” with “control of bitcoin”. I can assure you that it absolutely does not matter if big banks scoop up mass quantities of BTC. The worst they can do with massive BTC quantities is manipulate the price in the short term. Anyone who says otherwise is trying to scare you.
If you’re holding cryptocurrency for the long term, the short term price should not matter to you. In fact, let the big banks tank the price, that’ll allow you to scoop up more. The more the banks try to tank bitcoin, the more they will transfer their wealth to you and me and anyone else with the balls to buy low.
BTC has already brought significant wealth back to the people, but not nearly enough. The more people rid themselves of their fiat, the less the banks will have control. It really is quite that simple. Because even if banks have tons of bitcoin, the key fact is they don’t control the currency itself. It’s still decentralized. It’s still private (or can be more private in the future).
We have the crypto tech to send and receive payments to each other cheaply. What we truly need are finite, deflationary, decentralized stores of value, where transactions to and from are private (and more rare), and where fees matter less, because that service is vital. Think of these as interest-accruing savings accounts, while your spending money stays in more fast, cheap, and liquid cryptocurrencies. These currencies WILL work together in the future. There will be no singular winner, no end all be all. Because the market will demand efficiency and competition.
Stop looking at bitcoin as just a peer-to-peer payment system. Those are a dime a dozen. Bitcoin, and some other competitors (MONERO!!), can act as havens from big banks. Back in the day, everyone in the crypto game inherently knew this. We were a bunch of libertarians who knew the evils of modern banking and knew what currency is and what it isn’t. We invented the term “HODL”.
Now, there’s a ton of fresh fish in the game that don’t understand these concepts, and think that crypto needs to fit in nicely with the status quo in order to succeed.
Everyone is confused, I get it. Everyone wants to come out on top, I get it. But this is really not about that. This is about a global revolution of a broken status quo.
what about the 51 percent attack?
I’m assuming you understand that massive ownership of bitcoin does you absolutely nothing to conduct a 51% attack.
With that said, I’d encourage you to read up on the 51% attack’s feasibility, and what such an attack could even accomplish if successfully implemented. Here’s a good start:
https://learncryptography.com/cryptocurrency/51-attack
point well made!
좋은 의견 감사합니다.
The US has just sold a good lot of BTC , BtC that came from crime money , here is the article : https://www.coindesk.com/us-government-to-sell-off-10-million-in-seized-bitcoin-and-bitcoin-cash/
As for banks their are not done with us yet , beleive me , am in EU laws and regulations (France) and they are really itchy at the moment .....
They cannot regulate crypto itself. They can come after you when/if you sell into fiat (never do that). They can regulate/forbid businesses from transacting in it (kinda), but they cannot touch my coin, nor force me to sell, nor stop me from sending it to other honest citizens. Impossible.
As for the banks, there are only two things that can happen to them in the end:
(a) a critical mass of people wake up and take a stand, leading to revolution, as has happened all throughout world history. Because the elite few can never control an ‘awake’ many.
(b) The USD dies (along with the rest of the modern fiat currencies), just like every other fiat currency that has ever been created in world history. (Just go ask the Romans what brought down their impenetrable empire)
OK here is an article : https://www.gestiondefortune.com/fiscalit%C3%A9-droit/rubriques-fiscalite/5125-fiscalit%C3%A9-du-bitcoin-un-super-coup-pour-le-fisc.html Soory its in french but basically they take 45 % plus 17,2 % on your benefits , and if your bank sees money coming from BTC selling they can repport on you .... This is France .....
I agree that selling and going into fiat is not wise but look at people like me if we want to buy a house or just pay bills that you can only pay in fiat at point you have to convert !!!!
Selling seized goods. Never seen US govt selling seized cocaine or ivory. The irony of this solidifies the value of bitcoin even though on media they say it's worthless. Be warned.
Thanks for your post!
Please Follow, Upvote & Resteem my post to help us to travel & explore more
https://steemit.com/travel/@jonbee/travel-with-us-ep-01-kushtia-sugar-mills-kushtia-bangladesh-bd-steemian
It doesn't matter who created or controls BTC. All that matters is that it is chipping away at the foundation of the bankster's global fiat banking system. Anything that does damage to that system or weakens it is a boon for liberty's cause. I really don't care who created BTC. All that matters is that the current control system is being destroyed.
What we need to guard against is making sure that the current control system is not replaced with a worse one. As long as the Internet exists as it does now, we do not have to worry about that outcome either. The system as we know it is imploding. What is coming will be painful, but it is needed. It is our medicine whether we like the taste of it or not.
but I am concerned about what the govts and banks are going to do... if they stop conversion to fiat and withdrawal to bank accounts, how will all this crypto money be spent?
That is exactly my warning. The government, the banks, control the conversion of crypto to fiat. They can and will shut that down.
There is a certain irony that we have to convert to fiat to use crytocurrency. This is the way it is now but as more people trade goods and services for crypto it will make fiat obsolete.
Yes, step one is done. The next step is making the current banking payment systems obsolete by walking away from them. Once some more big time merchants support full crypto exchanges without converting it to USD, things will get more and more interesting.
that makes all of this a huge huge bubble. I'm not saying it's a bubble. I'm just concerned about what the government is going to do
People will use cash to buy from a willing seller. Then finally money is no more relevant. People transfer cryptocurrency amongst each other. They don't even use cash.
My point is that most real world stuff is not yet available for sale using crypto, I am not saying this will remain as it is always but we don't exactly know when such a day will come. If regulations play spoilsport, then it will definitely become an issue in largescale crypto adoption
Upvoted to get past the bots. /bow
Lol
Bitcoin must stay independent if we want to use it in the future
Definitely this is for our future ......
Fantastic post...
Bitcoin is meant to be uncontrollable and should be for the common people... sadly, it is now within the claws of the moneyed and major corporations. Maybe it is time to move on, EOS perhaps?
EOS is not meant for daily payment transaction--not a typical cryptocurrency. It is not designed with privacy in mind, though it is soon to be powerful for Smart Contract purposes.
If you're looking for a cryptocurrency for every day utility and is fully untraceable, look no further than Verge currency--it's very cheap at the moment yet it is so powerful. Buy now or cry later!
Yes EOS for smart contract purposes and with that they can build a platform for buying much like OMG being built around ETH. And if EOS can resolve the issue of scalability then it will got to the moon!
Anyway, thanks for sharing Verge, I've been hearing a lot about it. Will take a look...
EOS, Cardano and Stellar are the future of Smart Contract. XRP and Lumens are the future of currency transfer. Verge is the future of privacy coin. Last but not the least, Steem is the future of content sharing.
What is then TRON the future of?
TRON has no future ahead of it. It is merely another pump-and-dump crap coin. Stay away from those trash unless you're in it for the short term profit.
The fight for crypto-sovereignty is on! Thanks for sharing these valuable updates.
Let's see how long BTC will continue to be trustable in the eyes of the cryptocurrency aficionados... The gatekeepers are rising making huge returns of the cream that rises to the top and miners get the biggest returns.
Maybe it is time for the world to come tot he realization that a fully decentralized P2P platform has much more to offer in terms of sovereignty? *** Bitshares*** and its family are about to spread like mycelium mushrooming all over the world, to everyone's advantage and empowerment.
Namaste :)
That's why I support Bitcoin Cash!
mumbo jumbo