Quote from: Mr Tea on February 17, 2015, 01:26:29 PM

Quote from: GigaBit on February 17, 2015, 01:02:39 PM

Quote from: turvarya on February 09, 2015, 08:09:04 AM

Could anybody in here, just tell me, what is so bad about this meeting?
What outcome do you fear? What can this "elite"-group really do that will hurt Bitcoin so much?

Step 1 - Tank the price - This would allow then to buy it dirt cheap and since all the clueless will have given up and sold their stash.
Step 1b - They will be able to control the prices as they see fit since they would control most of it.
Step 2 - Bring the price to its true value since the money supply would be greatly controlled by a few.
Step 3 - Turn Bitcoin into any other FIAT.
Step 4 - Banks, media & government be praising Bitcoin.

I don't believe they will make Bitcoin PoS.

If I know who those "Bitcoin Elite" are, I'd have a better idea of what could come out of it.

Looks like we've got a conspiracy theorist here. Read franky1's post. Nothing of your wild conspiracy fantasy is going to go happen.

Edit. Just seen your other post. Confirmed:

Quote from: GigaBit on February 17, 2015, 12:53:30 PM

All of them.

You might not believe me but there are people paid to take down Bitcoin or to hurt it every step of the way.

They know just how dangerous Bitcoin is to the Rothschild/Morgan banking cartels.

#BritishBankers, #TheRothschildFamily, #TheLastNapoleonicWars, #HowRothschildBankrolledTheWorld

Well... this maybe a conspiracy theory, but there could be some truth to it too. I for one, believe that the banks and cartels formed by these banks are responsible for keeping the bitcoin market so volatile. Banks will be the worst hit if bitcoin adoption takes off, hence they orchestrate the volatility that you see. Any normal person, even if they were thinking of getting into bitcoin, would shy away looking at the volatility. Again, centralization is not a great thing and is directly opposite to the vision that satoshi had when he started off bitcoin, a few people meeting up- however elite, still points to a possible plan to centralize bitcoin. Who knows, they could form their own cartel and play around as they are big whales with deep pockets.