Quote from: Paashaas on February 17, 2017, 03:34:46 PM

Quote from: r0ach on February 17, 2017, 02:51:47 PM

Quote from: Paashaas on February 17, 2017, 01:41:20 PM

Bitcoin is just like a balloon underwater, some try to hold in under but the longer they keep it underwater the harder it will shoot up.

Bitcoin is not exactly the first attempt at monetary reform:

https://www.youtube.com/watch?v=yFIuATI0558

I hate those Zionist Jews with there Pyramid Debt Slave Fiat Ponzi Banking System. They got so much power for so many years, even huge army's cant take them out...But now, we can by-pass them with Bitcoin without fireing one singel shot! Thats my main reason why i'm a fanatic Bitcoin supporter, financial freedom for everybody!

Bitcoin can't defeat them for numerous reasons such as mining centralizing via economy of scale where you need to be a corporation-level entity to participate at all. Bitcoin will be ruled by oligarchs with the last name "Goldstein" just like every other financial product on earth. Attempting to remove the economy of scale aspect usually opens you up to Sybil attack. To actually make bitcoin decentralized, you would have to use more advanced cryptography and invent decentralized captchas or puzzles where users manually solve them by hand instead of oligarchs creating giant, automated farms where they rule over bitcoin as slumlords, rigging the fee markets and siphoning off all the transaction fees until they own them all, maintaining their slavery over you.

In other words, it's EXTREMELY difficult for Bitcoin to make a real positive impact on the financial world in current form. The only real decentralized currencies on earth known to man are using the noble metals as currency in physical form (not "backed" paper). Of the noble metals, only two qualify for use as currency: gold and silver. Of those two contestants, "they" have already cornered one of them - gold, leaving you with silver as the only real decentralized currency on earth in the current state of affairs. Although JP Morgan supposedly owns more silver than the Hunt Brothers did now - 550 million ounces ($10 billion).