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1 year ago

Michael Saylor.

He thinks that you don't need a currency besides your local government's cash; I guess he is trying to deceive you so he can make more money because people who are suffering inflation and hyperinflation won't agree with him.


Suze Orman.

She also thinks you shouldn't use Bitcoin as a peer-to-peer currency.

Elan Musk

He wants to sell his expensive electric cars for Bitcoin, but how many can afford that, pretty much just the 1%. And later on, he decided he didn't want Bitcoin as a payment method taking Bitcoiners for a ride.

Thanks to Kim DotCom, we now know that the 1MB blocks are imposed by Blockstream so that banks and the rich see Bitcoin as an investment vehicle only. The rich and powerful don't ban Bitcoin or impose harsh regulations on banks and the government. Meanwhile, throwing you, the regular user, under the bus with higher and higher transaction fees even when we know that hardware is improving to support larger blocks.


The same thing happened with Ecash, an early ancestor of Bitcoin; once the founder lost control, the newcomers rushed to sell the idea to banks, and banks refused because it was more lucrative to keep customers with the current bank system. The same happens with Bitcoin. If the banks decide to buy Bitcoin, they will implement fractional reserve or force users only to use their custodian services, where they will print as many Bitcoin as they want.

Note that the only way to protect the 21 million supply is to buy people using their satoshis own their private keys the moment you introduce custodian services, that supply rule goes out the window. And that's why Bitcoiners are promoting the usage of custodian services over on-chain transactions and making the cost go higher and higher so that you are forced to use custodian services.

But Bitcoin Cash is a thorn in their plans because we promote the usage of Bitcoin BCH as a peer-to-peer currency and tell the people what they are planning, and as long as BCH has value, they can't do their plan openly; otherwise, their evil schemes will collapse. We must educate the masses to fight the censorship and misinformation put by Bitcoiners.

And I think that Bitcoin Cash is being protected by the ones that Core says can't protect Bitcoin, we the 99%, and I also believe that miners will protect BCH in case of a hostile miner takeover because deep down, they know something is fishy about Core team.

We now know that the one MB block is to appease the banks, so now we have to spread that around so that people realize this and decide where to put their hard earn money; I am sure that eventually, BCH will reach a higher valuation against Core. If you are a regular person with regular friends, it is much easier to recommend something at the lowest point than at the most all-time high. In other words, if you have friends with $1000 savings, it is much easier to get them to invest in something cheap that has the potential to go up than to buy something too expensive already.

After all, it wasn't supposed to buy low sell high. $650 is very low.

Oh, and by to way, those rich people telling you not to use Bitcoin as a peer-to-peer currency are the ones that benefit the most and first when the banks print money. In other words, you pay for the inflation while they get the rewards. They end up with tangible assets. You end up with worthless pieces of paper, don't you believe? Ask the Venezuelans how they are doing?

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