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That wasn't open source. The code used by bitcoin is public - anyone and everyone can, and does, scour it for bugs and backdoors.I'm sure, if you have any familiarity with software, you're aware of the AN0N app. The app was available on the Google and Apple stores since 2018.
A hypersecure text-based communication app that would allow people to send highly encrypted instant messages whose content couldn't be read or the users identified. Like cryptocurrency, its a highly useful tool for those engaged in less than legal enterprises.
It was revealed earlier this year that the app was actually created by the FBI who could de-encrypt all the messages in real time and used the app to monitor the communications of thousands of criminals.
A plot to crash the US dollar is conceivable for sure. If the right players conspired at the right time it could be the perfect storm that would accomplish just that.It's just as conceivable that the inventor(s) of Bitcoin created it to destroy global commerce as it is that it was crated to promote global commerce.
I recommend researching into Crypto more, since you don't seem to actually know anything about about it. I'm not trying to be rude, but there's too much false information going around about crypto that comes entirely from people wanting to comment without actually knowing what it is, and it's extremely irksome.
It's basically a computer math equation.I've ready the "For Dummies" information, I've watched the Youtube videos, I've read several online sites about Bitcoin information..............
But I'm not a banker or financier, so none of this stuff has been explained to me where I can understand it............at ground level.
By the end of the year, I plan to buy some gold coins and Bitcoin and hold on to it until retirement age.
I understand buying gold. I still do NOT understand Bitcoin.
I have a friend thats a financial advisor, and he tried to explain Bitcoin to me.....and I didn't get anything out of it.
Is there any super simplified information online that explains what Bitcoin is, how it works, and all that???
Inquiring minds wanna know........LOL.
George Soros makes money crashing nations economies....he is looking to destroy the US's economy before he dies as are the Chinese who btw, have their own cyber currency that they hope and probably is more likely to become the world cybercurrency.A plot to crash the US dollar is conceivable for sure. If the right players conspired at the right time it could be the perfect storm that would accomplish just that.
Not like we haven't created some powerful enemies over the past few decades.
Well, first, it's not controlled. Changes aren't manually made to it, unlike fiat. Secondly, you do understand there's more than one type of Crypto, right? In addition to that, there isn't actually any real way for them to modify what coins people have, since there's no back door. Calling it centralized is straight-up misleading, and kind of betrays that you, again, no nothing about Crypto.Of course it's centrally controlled. More centrally controlled than any currency on Earth. The Bitcoin source code and blockchain was created, presumably, by a single person ... an anonymous person at that. The value of Bitcon rest solely on the idea that the person who controls that code and blockchain database will stick to the rules he (or she) devised.
There is no reason to believe that they will. It's just as conceivable that the inventor(s) of Bitcoin created it to destroy global commerce as it is that it was crated to promote global commerce.
Okay, so I guess you don't know what Cryptography is either. Yeah, no, you'd have to hand out your wallet information like a complete retard for that to conceivably happen. Literally mathematically impossible otherwise. You're way more likely to, say, have your wallet stolen, your credit card hacked, etc.In that 3D printed guns are totally useless and creating a gun from traditional materials at home is far simpler and more practical.
And yes ... people can steal your Bitcoin ... and never be prosecuted because there is no record that you ever owned it in the first place...
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'I didn't feel like reading your post.'Youre just saying shit. You arent backing up any of it though with
Strawman argument after strawman argument. Why did you spend so much time on THAT ^ utter horse shit?
I was very exhausted from lack of sleep yesterday when i read your response. After rereading your post, i take it back. Those werent strawman arguments,even though i disagree with your premises.'I didn't feel like reading your post.'
Anyone can claim that a person made something up or created a strawman, without getting into any specifics. I'll just take the lack of content in your response as an admission that you can't refute my arguments. That's fine, I went into a Crypto discussion fully expecting old people to defend fiat, as if it had any value, while complaining about Crypto just because it's new and they don't understand it.
Nothing to add to this.I would suggest against it. Its possible that it could end up getting really big, but its more likely to go the other way. Bitcoin is facing several problems in the future. The first is, large companies are now getting into the cryptocurrency game. The market is going to get saturated with these and Bitcoin will take a big hit for it.
The other problem Bitcoin has is cyberwarfare. International crime syndicates are demanding bitcoin now as a ransom because, it cant be traced. Thats why governments are going to crack down on it, at which point it will be worth significantly less. The US is already looking into making a national virtual currency. If they go that route, bitcoin is over. China has already banned cryptocurrency.
I would look at bitcoin as a short term investment only, unless you have cash to spare.
You're a fucking idiot. Please stay in your lane. The more big companies get into it the more people will accept it and the more Bitcoin will be worth.I would suggest against it. Its possible that it could end up getting really big, but its more likely to go the other way. Bitcoin is facing several problems in the future. The first is, large companies are now getting into the cryptocurrency game. The market is going to get saturated with these and Bitcoin will take a big hit for it.
You have no idea what youre talking about when it comes to ANY subject. Youre nothing more than a moron racist who we mock for our own amusement. That is YOUR lane.You're a fucking idiot. Please stay in your lane. The more big companies get into it the more people will accept it and the more Bitcoin will be worth.
Who Accepts Bitcoin in 2024? List of 20+ Major Companies
Who accepts Bitcoin? A list of the biggest names accepting Bitcoin as a currency. From Microsoft to Expedia. Where can you spend Bitcoin?99bitcoins.com
Your fantasy world is a very sad thing, but i fucking LOVE IT!! You are the most transparent fool at USMB. You being pathetic makes me laugh.I dropped $5k into Bitcoin, Ethereum, and Litecoin about 6 years ago. Last time I checked it had almost tripled. Still kicking myself for not investing more.
Oh wow. I appreciate you saying that. I'll admit that I was pretty annoyed that you disregarded all of that with such a brief post, but I think you're pretty cool for changing your mind later on and clarifying. I feel like responding without any content like this is a bit silly, but I also feel like not letting you know that I appreciate you would be doing you a disservice, since most people I've conversed with aren't big enough say what you said.I was very exhausted from lack of sleep yesterday when i read your response. After rereading your post, i take it back. Those werent strawman arguments,even though i disagree with your premises.
I've ready the "For Dummies" information, I've watched the Youtube videos, I've read several online sites about Bitcoin information..............
But I'm not a banker or financier, so none of this stuff has been explained to me where I can understand it............at ground level.
By the end of the year, I plan to buy some gold coins and Bitcoin and hold on to it until retirement age.
I understand buying gold. I still do NOT understand Bitcoin.
I have a friend thats a financial advisor, and he tried to explain Bitcoin to me.....and I didn't get anything out of it.
Is there any super simplified information online that explains what Bitcoin is, how it works, and all that???
Inquiring minds wanna know........LOL.
Like the OP I have looked into this a bit and like the OP I am still none the wiser. My nephews are both heavily into this and are huge evangelists for it.Okay well first, don't ask what NFT's are if you want to still believe people make reasonable financial decisions. As for both, they are largely money laundering schemed sold as ways to get around banks.
You mean the White Market. People can absolutely exchange in Crypto without the Government's consent, and that's one of the reasons it has utility. You can avoid taxes and regulations, making your exchanges cheaper, and for a wider variety of things. Russia and China have both attempted to ban it, with zero success.
Governments pretending they can control it is amusing at best, and pathetic at worst.
Okay well first, don't ask what NFT's are if you want to still believe people make reasonable financial decisions. As for both, they are largely money laundering schemed sold as ways to get around banks.
I've ready the "For Dummies" information, I've watched the Youtube videos, I've read several online sites about Bitcoin information..............
But I'm not a banker or financier, so none of this stuff has been explained to me where I can understand it............at ground level.
By the end of the year, I plan to buy some gold coins and Bitcoin and hold on to it until retirement age.
I understand buying gold. I still do NOT understand Bitcoin.
I have a friend thats a financial advisor, and he tried to explain Bitcoin to me.....and I didn't get anything out of it.
Is there any super simplified information online that explains what Bitcoin is, how it works, and all that???
Inquiring minds wanna know........LOL.
