Quote from: btc-room101 on April 23, 2021, 02:16:45 AM

BITCOIN smells like a CULT, its ran like a cult, and its marketed like a cult. The deceivers are in charge of all operations. Take CHINA for example, the deceivers talk of 51%, but then change the subject when you say "+67%" of all BTC is mined in CHINA, Mining is how blocks are created, mining decides which transactions go into blocks, with the KYC rules and black-listing, the future will be a place where if your address isn't in a KYC database, then the BTC at that address will be worthless. You will be given a short period to report, then all coins will be considered 'tainted'
Thus BTC doesn't have much of a life, and it certainly isn't 'a long term store of value'

On the GOLD subject, GOLD has never gone to zero in all human history, but ponzis and scams and parabolic rises always revert to zero. It's the nature of mass insanity, tulip, south-east, or east-india company

All of the BTC narrative pushed by the deceivers is based on LIES, there is not a single truth pushed by BTC believers, nada nothing. They deny everything, which makes me think that 99% of the narrative-pushers on this site are 'bots'. You point out the flaws in BITCOIN and the bot algo just say 'hater' when negative sentiment, and 'hodl' when positive sentiment. You ask a serious question, and your told to go to the beginner section, to be re-educated and fed bile.

Moving forward? No, but its clearly running out of steam.

There are dozens of serious problems, but the most serious are these two.

1.) We were told that BTC would make 'our own bank', it turns out that ingress/egress is through coinbase, which is the IRS; This is a dead end for BTC.

2.) We were told that BTC was private; The bitcoin-core refuses to make BTC transactions private, they keep the addresses public, and all history, this is so GOV's can black-list all high-values addresses that don't have proven KYC files attached.

Given 1&2 above, and given the fact that early adopters came to btc for these reasons, then the only reason to stay is to MAKE MONEY, or better said "Ripoff people".

Lately i've been digging some of the old posts from satoshi about the original design and goals

https://bitcointalk.org/index.php?topic=1388.msg37762#msg37762

Quote from: Hal on January 13, 2011, 09:28:08 PM

The danger is if people are buying bitcoins in the expectation that the price will go up, and the resulting increased demand is what is driving the price up. That is the definition of a BUBBLE, and as we all know, bubbles burst.

https://bitcointalk.org/index.php?topic=845.msg11403#msg11403

Quote from: satoshi on August 27, 2010, 04:39:26 PM

Bitcoins have no dividend or potential future dividend, therefore not like a stock.

More like a collectible or commodity.

https://bitcointalk.org/index.php?topic=57.msg4772#msg4772

Quote from: Red on July 21, 2010, 05:11:06 PM

Deflation is bad. Unless of course you hold lots of cash-on-hand. In that case it is invaluable. Early users that hoard bit coins are rewarded for doing nothing to help the bit coin ecosystem. They are simply "lords".

From this and some other, it doesn't seem at all bitcoin has been designed as anykind of dividend yelding stock that actually pays someone to develop something of value at all. Neither anonymity seem to be have been a priority goal with the protocol. Neither it was made to be decentralized in the first place.

What you are buying right now is peoipe HODLing on exchange selling hype and wind far beyond any kind of utility of commodity value without themselves contributing any significant value to the network.

It was design as peer 2 peer cash, with a core of tier 1 nodes doing the mining and maintaining full nodes, while users are supposed to used some SPV that was never truly developped, and the scheme of buying it to gain a profit at higher resell value seem to be a flaw of it rather than a feature.