Quote from: brainactive on August 12, 2021, 06:46:41 AM

The arguments in the endthefud article don't seem to hold up. The articles claim that governments can't and won't cripple Bitcoin's decentralisation and even if they try to ban it, other governments will embrace it. While the second part is true, we're starting to see first hand that the first part is not with China turning their back to crypto. And now US and UK also starting to turn their back to crypto. If Bitcoin can be crippled with a little tax provision in a bill, is it really going to stand the test of time as being decentralised? And if it's not decentralised, what other value does it have?

Yes, you and others are getting "red pilled" and waking up to the reality. I started a similar thread. Central governments are closing in on Bitcoin and going to use it to monitor and track their own citizens. People need to be aware of what banning KYC, software development and mining will do to Bitcoin. This will have the effect of weakening the hash rate, tracking everyone and funneling people into government friendly, big tech's like PayPal and Square.

Eventually, they will ban Bitcoin outright and force people to use CBDC, once everyone is used to the new system. Cash will also be banned. Everything you do will be tracked.

Someone once theorized that Satoshi Nakamoto was actually the government. This was all an elaborate scheme to get people to be tracked by a "pseudoanonymous" digital currency. I am cynical, but not that cynical.

However, I do believe the system is already being controlled. It does not take much capital to move cryptocurrency prices or markets.

Bitcoin crashed when:
1. Citadel pipeline was in the news for ransomware - hackers were hacked by the government. I believe the government was the one doing the hacking.
2. Elon Musk declares Tesla no longer taking Bitcoin. Elon is the government's/elite's puppet - they give him tax subsidies (Solar City, Tesla) and he cons retail investors into doing what government wants (invest in Tesla). He is like a puppetmaster.
3. Elon Musk goes on SNL and denounces DOGEcoin / crypto.

China could have effectively destroyed Bitcoin with a 51% attack, just like Bitcoin SV is dying from. There was a study that only about $9B in mining infrastructure would kill Bitcoin. However, crypto would survive, because it is a medusa.

Quote from: dkbit98 on August 12, 2021, 09:35:16 AM

China want's total control of everything including currencies, so they made digital yuan to track people, and they don't want Bitcoin messing up their plans.

So do the other first world countries, including the US. With the KYC in the infrastructure bill and banning of anonymous wallets in Europe, we have a very dystopian looking 1984 ahead of us.

Quote from: dkbit98 on August 12, 2021, 09:35:16 AM

The very act of making bill like this is proof that Bitcoin is decentralized and controlled by nobody, but big players can manipulate BTC price just like for any other asset, but that does not affect decentralization at all.

Not yet completely... it will be soon.