Quote from: franky1 on October 07, 2016, 11:29:40 AM

lets address the elephants in the room

Quote from: danielW on October 07, 2016, 08:23:45 AM

1 ) It is not controlled by anyone. Its a decentralised peer-to-peer network.

2 ) Based on open source software.

3 ) This means it can not be manipulated, Bitcoin supply is fixed modelling it after gold.

4 ) Nobody can stop or prevent transactions.

5 ) It has low fees compared to other online payment methods like paypal, credit cards etc.

6 ) It is truly global.

7 ) It is programmable money that allows for smart contracts.

8 ) Anybody including kids from their basement, can create financial applications without permission. This is because its open source technology and the network is not controlled by anybody. Nobody needs to ask permission to use it and nobody can restrict access. If you have access to the internet you can access it.

1 ) although the core fanboy leaders are using a softfork to slide in a change without the network nodes needing to upgrade/vote/consent.. the fanboys have faith that their leaders are doing it with honour. but they forget that even having the ability to slide in changes without consensus, can be used for bad too.
thus bitcoin is not indestructible as it relies on the TRUST that a group of devs are going to be honourable.
.. now imagine that it was used for bad..

Well thats not true because for the soft fork to work miners have to run their code so ultimately devs have no real power. Furthermore thats only for soft forks and soft forks can only be a subset of what is already allowed my nodes.