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9
Brooklyn_Patriot_76 9 points ago +12 / -3

Doesn't anyone realize that BTC is also heavily manipulated by the wealthy, especially the global criminal cartels?

4
fegeline 4 points ago +4 / -0

Of course it's manipulated, the market is literally unregulated which means everyone trade on equal conditions, always. The key difference is that wall street or drug cartels for that matter doesn't have any advantage at all.

When they get rekt they get rekt, and nobody would bail them out. Neither could they use inflation because there will only ever be 21,000,000 coins and mining requires proof of work.

Tax... forget it, your keys = your coins, you could easily hide your stash and pretend to be poor even if you're a millionaire and there's no way for the government to find it.

1
cryogen 1 point ago +4 / -3

Yep, it was already corrupted. Do your research people. If something is popular with normies, that should be a red flag.... Think about it, research it.

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jubyeonin 3 points ago +3 / -0

Dorsey has been pumping it for a few years. He transfers a lot of his liquid assets into it.

-1
cryogen -1 points ago +2 / -3

Yup, he banned actual Bitcoin (BCH) from twitter because he knows BTC is already in control of institutional interests, including his own.

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deleted 1 point ago +1 / -0
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EvanGRogers 1 point ago +2 / -1

No, you give us the evidence

0
crazypills 0 points ago +2 / -2

classic example of FUD

2
cryogen 2 points ago +4 / -2

No. Classic example of someone who's been following Bitcoin since 2013. I've seen it all. The same shit that happened with GamerGate or this election or now WallStreetBets happened with the BTC "scaling debate." Media disinfo, coordinated coopting in the background, censorship of public debate, social media astroturfing, and now institutional pump and dump and manipulation through things like Tether. BTC and its network is now simply a blockchain version of the same banking system that we already had. That's why it can now be acceptable. Did you think the Fed and the largest moneyed interests in the world were simply going to let actual financial revolutions happen without resisting? No. Their primary attack has been coopting of BTC.

2
fegeline 2 points ago +3 / -1

I went in 2011 and reviewed the code. It's not like legacy banking. In fact no version of Bitcoin has any similarity with legacy banking. You also seems to have missed that BCH (2017) forked to BSV (2019). Core (BTC) is the original chain.

No disrespect for BCH, BSV or any other fork, I get their reasoning behind bigger blocks. Because that what it's all about, the scaling. Back in 2009 smart phones with 16 - 32GB storage + centralized cloud storage wasn't a thnig. Most people has desktop PC's and hard drives with 500GB or even 1TB, which would double in size every second year according to moores law.

This means, is it wasn't or smartphones, tablets, ssd drives and centralized cloud storage, the average Joe would probably have 32TB - 64TB hard drives in their PC's today. Hence big enough to hold the entire BCH or BSV blockchain.

But since that's not the case we gotta have the 1MB block size limit, and solve the scaling on layer two, preferably in a decentralized way. At least for Bitcoin. I do like Moneros dynamic block size too, Ethereums sharding, and Nano's local chains, those solutions are all brilliant and much better ways of scaling.

So in conclusion, there's a lot of fake news in the media, from governments and from the banks. And the whole Bitcoin + all the forks is just confusing for everyone who doesn't know about crypto, so stop being a bitch about it, it only makes you look bad.

My advice: don't buy Bitcoin, buy Ethereum, Monero, Nano and some other coins who's tech and properties you like instead.

1
Gmama2 1 point ago +1 / -0

Where is a good place to learn about crypto, I would love to diversify.

1
DudePlayingaDude 1 point ago +2 / -1

This ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^. If you think big banking cartels don't own this, you are crazy.

-1
crazypills -1 points ago +1 / -2

And again.