Seriously?

So tell me then cause I'm not a techie, as Bitcoin scales who is going to mine/secure all the Bitcoin transactions?  The people?  You?

As you know, this unique consensus concept is the heart of Bitcoin and what supposedly makes it "decentralized" and so different from "evil fiat money".

So there's your answer:  Only the rich and powerful, namely the banks, governments and corporations who already have massive data warehouses and will easily and for only a marginal added cost - step in and take over and mine, secure and completely control all of our money, wealth, assets and identities which will all be pushed into the blockchain, whether it be voluntary or [eventually] by [global] force.

And trust me, the promise of low fees is yet another lie just like anonymous and decentralized will prove to be complete lies.  Only now, with Bitcoin, the bankers will be able to get recurring eye gouging fees from 7+ billion people instead of just 3 billion.  And without ever having to build a single additional branch.

You don't wanna pay their fees to secure your Bitcoins?  What are you gonna do, take your Bitcoins out the way you can take your cash out of the bank today?   Hahaha.  Sorry, but Bitcoin was designed [by our hero Satoshi] to NEVER be able to leave the blockchain [how is that for decentralized, lol] - so you will be forced to pay the fees and they will automatically take any fees they are due out of your account which they will have control over.  How is that for a currency and freedom for the people by the people?  haha...

Brilliantly [designed] plan and protocol!

We didn't do this to Bitcoin, this was designed to happen as Bitcoin became more and more popular.  This was easily foreseen and could have been designed differently but Satoshi chose to make it so the people would have no say in the securing and "voting" process of the Bitcoin protocol.  And the people will never have the option or ability to remove their money, salaries, assets, identities, etc out of the blockchain - never, ever, ever...[once again, by design].

You know, exactly like fiat is today where the rich control everything about the currency we use.  Only with Bitcoin it is much more evil than [truly anonymous] paper fiat; where the Bitcoin protocol/Blockchain can be used to track and control every aspect of your life.  The perfect Global Asset Tracking Tool [GATT] and thanks to clowns like Andreas, who, for years, have egregiously misinformed the masses, the people are eagerly jumping into the arms of the most centralized monetary system which has ever existed.

Bitcoin is nothing more than a [government empowering] digital form of fiat, ultra centralized and controlled only by the elect rich and powerful, it's just gonna take another year before even people like you see what was obvious to me last year.



Edit:  This is off topic for this particular thread and the main reason I started my riddle thread so perhaps we should continue our debate there if anyone really cares.


Cheers!