Post
Topic
Board Altcoin Discussion
Re: [POLL] Are You losing Interest ?
by
iamnotback
on 22/02/2017, 05:19:04 UTC
I'm not believing any more in the "unregulated" part.  Yes, it will keep the appearances of "unregulated and distributed" but in fact it will be entirely institutionalized behind the doors.  Bitcoin will be (if it isn't already) an institution's crypto.  Of course it will not go away,  but it will not be what you think it is.  It will be like gold.  Mainly manipulated, stored, owned, regulated by central banks.  If it isn't already.  The Chinese gov already has put their hands on the big Chinese exchanges.  I'm sure the big miners are next.  Of course, officially, the gov doesn't own them.  But they tell them what to do.

Perhaps you missed one of my critically important posts lately explaining why gold is centralized but crypto-currency is not:

...no electricity and [no Internet]...

Such a total order is impossible because it would require snuffing out every decentralized instance of human ingenuity hiding under every blade of grass on the planet:

(for the same reason NWO can't physically confiscate all the precious metals but NWO can sure as hell make them illiquid as I explained upthread[1] because of their requirement to be physically traded with centralized market makers who have large economies-of-scale; whereas, the NWO can't make crypto-currency illiquid because just like prohibition of alcohol in the prior century and decentralized file sharing, the more they try to stop it, the more decentralized users of it will increase)

...

Bitcoin can't be regulated without a total order of government in the world. And that isn't coming in the next year. By the time TPTB get their NWO one-world government system cooperation in place, Bitcoin will have already served its role as the onramp to unregulated decentralization technology innovation.

China and others make a lot of noise about regulation, but as you see they all end up caving in and realizing they can't regulate private keys. Even if China monopolizes the mining, they can't blacklist private keys without destroying Bitcoin and forcing a new altcoin to rise to take its place. Bitcoin is far too small (compared the $trillions flow of FX capital flow in China) for China to attempt such a scorched earth policy on mining at this time (and they would likely fail just causing the rest of the world to blacklist China's mining pools or a fork changing the hash causing all China's mining farm investments to become useless overnight).