Post
Topic
Board Economics
Re: The importance of Bitcoin in avoiding corruption in the banking system.
by
franky1
on 24/07/2025, 11:20:24 UTC
The oldest and most popular cryptocurrency is Bitcoin. Its current market value is 117.934. It is a completely decentralized currency. Its main goal is that it is better for no one to control the monetary system than for a few people to control it. That is, no country, government or group in the world can control it. Bitcoin is designed this way. That is, Bitcoin starts to come out of the centrally controlled economic system. In the most traditional or conventional way, we deposit our hard-earned money in the bank so that it is safe. However, corrupt bank officials try to embezzle customers' hard-earned money in various ways. And we saw this during the American economic crisis in 2008.

bitcoins original design 16 years ago had this goal. but since "core" took over a decade ago things changed
just look how they do campaigns to challenge people to not use legacy and THEY have plans to make it so that legacy transactions wont get validated within the next 5-6 years.

they promote it as "public safety against quantum" but the reality is that people with funds on legacy keys wont be spendable in said years, so they are controlling who how and why people can spend bitcoin

they want non transactional junk on the blockchain as part of their pretend "permissionless context" of the network being subservient to cores aims as no one should deny cores goals.. but then cores goals want to put permissions on what type of transaction format is allowed by denying legacy to be allowed in 5-6 years
(kinda crazy right)

core have done many other changes which have not benefited the wider community outside their dev-politic agenda. for instance how we now have the blockchain not be 100% validated, where every byte is not validated and many bytes are miscounted and then pruned. making for a less then secure blockchain where different nodes pretending to class themselves as "full nodes" are no longer full nodes and are not helping the decentralisation effort of the full blockchain..
this lack of verifying/validating every byte has allowed alot of meaningless data bloat but not helped increase the average transaction count per block
(4x more data per block but not 4x tx count increase.. )

so if you truly think bitcoin is as decentralised as intended 15 years ago.. try doing research into what has changed and who done those changes and how they orchestrated those changes by treating any challenges to those changes as 'attacks' (which resulted in empowering core as the sole central source and reference client of the rules)

p.s i am a bitcoin maximalist and enjoy bitcoin, but i am a realist about what issues are happening to be aware of the risks presently and in future, the ethos and utility of bitcoin HAS changed over the last 16 years, so lets not just blindly repeat outdated mantra's which fool people into a false representation of safety. the point of bitcoin is not to blindly trust groups of individuals, and instead we all should be risk aware and review whats happening to be able to safely secure our wealth/value