Quote from: rescue141x on September 13, 2017, 10:41:03 AM

Quote from: centralbanksequalsbombs on September 13, 2017, 03:10:23 AM

Quote from: Pearls Before Swine on September 13, 2017, 03:01:04 AM

Quote from: HabBear on September 13, 2017, 02:46:57 AM

Quote from: mrjuice on September 13, 2017, 02:29:27 AM

What do you guys think about this?

No association. No formality. No governing body. No central control. It all would go against the foundation tenets of Bitcoin. The trade off for that freedom is that there is no single message to refute the FUD or bad press. That's OK. It's the individual adoption of each us that stands up against the negative press. Our individual action gives the community strength.

Agreed. No, no no. People can say what they want about bitcoin, but it
doesn't make it true, and 'we' as the bitcoin community have no duty to sway
public opinion. This is a currency, and 'we' are but users of that currency. Didn't
there used to be a Bitcoin Foundation that ended up being corrupt as hell? That's
exactly what would happen, or similar, if it's tried again. We don't need such a thing
and I vote for no.

Have to agree with Habbear, Pearls Before Swine, tailwang above.

When it comes to bitcoin;

China's central authority is becoming irrelevant.

Jamie Dimon is becoming irrelevant (we all see the uneducated irony of his statements today)

All the world's largest banks who have been blocking any disclosed/open bitcoin transactions/businesses since 2013 are irrelevant.

Any attempts of government regulations / legalizations are irrelevant.

Bitcoin hit escape velocity back in 2013 (4 years ago) and has been strengthening ever since. It's 10 year anniversary is not too far away.

Truth is, Bitcoin is secure because of all of its dynamics (decentralized, open-source, immutable, secure, store of value, long established, system-of-balance: miners vs developers vs users). There is no other financial asset on earth (fiat, stocks, gold, or real estate) that can beat the store of value that is Bitcoin.

Seeing how China tanked Bitcoin about $600 themselves, right now they are still very much involved and will continue to be involved and not "irrelevant"

China is not irrelevant but still bitcoin recovered quite quickly too, that is just the way the bitcoin market moves, some other market will move very slowly and will crash for weeks and months and will take a lot of time to recover but that is not the case with bitcoin.