The Story Checks Out - Bitcoin Criticism Is A Custom

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3 years ago


In Every Revolution there's a man with a vision, but there are always more than one man with a mission. Every little opportunity that falls in people tends to have a say against Bitcoin. What does reaching max supply have to do with the asset value or safe storage? "Carstens, who runs the Basel-based central bank for central banks, speculated that the Bitcoin network becomes “increasingly vulnerable” to majority attacks as the cryptocurrency approaches its maximum supply of 21 million coins" True? False? Flawed? Insane? Or Totally out of point? OK, obviously this could just be an empty guess work, the chances of any cryptocurrency being attacked has always been there so why bring this up now? Reaching the max supply should mean that miners have successfully mined all available Bitcoin so then, it will be out of reach for easy purchase. The likeness of the 42-coin, few people know of this cryptocurrency even while it's literally sitting above Bitcoin, it would cost you more than a hundred thousand dollars to purchase one and it's so rare to find, that keeps the price value high, ain't not attacks whether to price or the asset. Although 42-coin has a max supply of 42 coins literally, which likely implies that all coins are distributed amongst trustie minds, so there's bound to be a safe storage and less impulsive selling, rarely found in the markets. Bitcoin on the other hand is over 20 million available, chances are that there are so many coins in wrong hands, but that can't equate to an influential figure, so this speculative expression is flawed.

Bitcoin Will Always Be Criticized - Story Checks Out

The General Manager, Bank for International Settlements (BIS) has criticized bitcoin saying the asset was inherently risky and “increasingly vulnerable” to a 51% attack. The same story keeps clicking in every single year, taking different perspectives but all with the same motive. We Witness the plot to Centralize Bitcoin and other cryptocurrency as FinCEN rolled in a couple of regulatory laws in respect of monitoring cryptocurrency transactions as a monetary safeguard they said, same attempt every single time as Carstens added “Clearly, if digital money is to exist, the central bank must play a pivotal role, guaranteeing the stability of value, ensuring the elasticity of the aggregate supply of such money, and overseeing the overall security of the system,” Are you kidding me? The government can't even take care of their citizens now they want to handle a project that's wider than their ass holes. Now why do I feel I've watched this a thousand times? You know when people have little or no control of something they become paranoid over it, this is exactly what's happening here, Carstens only wants to control Bitcoin regulations in order to manipulate it! It is not new to us how governments gun down innocent lives because of the bag they hold, it is not new how they manipulate figures, draft out influenced statistics, giving us their fonted up sentiments while secretly milking our funds into their pockets. It is clear that the government is quite aware of the value of Bitcoin so you should be careful and hold on to your assets, they want to control all these functions in order to enforce their motives and rob the system blind. They only want the money in their reach without paying a dime by purchasing it as everybody else did, watch out for the government, they've succeeded in splitting the world, now they want to suffocate it.

Cryptocurrency Shouldn't Be A Centralized Project!

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