"Why or why not?"
Almost flawless design ! Hopefully there is no backdoor built in ! – There isn’t one. 😄
Fiat Currencies just depreciate in value while cryptocurrencies appreciate. – Well, theoretically haha.
i totally agree.. BTC is the king.. in coming days it will be very expensive to own 1 Bitcoin. – No doubt.
The demand for bitcoin is high just look at the stats – I believe you’re referring to the hash rate here. Yeah, it’s awesome to see it on the rise. 📈
Good luck stopping BTC – Hahaha yeah. 😆
It's like a snowball rolling down hill. You can't stop it so get out of the way or climb aboard the Bitcoin train. – Choo choo. 🚆
Because more and more people are becoming aware that besides governments and banks manipulations, there is ANOTHER way to conduct business safely without Big brother looking over everyone's shoulder and claiming shares of one's hard work. – Well Bitcoin transactions aren’t completely anonymous cause every transaction is recorded on the blockchain. 🧐
Words can't stop it, laws can't stop it, guns CAN'T stop it. – It’ll be hard to completely stop, but I think that governments will be able to control access points like fiat-crypto gateways. 🤔
Was at the Baltic HoneyBadger conference. Totally convinced that bitcoin can't be stopped. At the same time it still feels like we're just beginning our magical journey. – Glad to have you on this journey with us! 🚀
Bitcoin mining is dominated by ASIC chips with over 90% of the hash rate from 8 pools. Bitcoin requires high power server farms, secure land, power and internet. If just four national governments wanted to reduce Bitcoin hash rate to a trickle they could physically destroy those servers, starve them of power or sever their internet connections. Reduced to 10% of the current hash rate the Bitcoin network would have long delays and high fees, it would be impractical. Bitcoin has not faced these types of physical attacks yet... nor has it faced legal persecution. However, the broader crypto movement was inspired by Bitcoin. Crypto alternatives include low power consensus mechanisms, higher decentralisation and anonymising techniques. Unstoppable crypto is yet to be proven though. - Hmm, interesting thoughts. 🤔
It growing, we smart and we will not stop until our objective is reached. The greed causing banks and markets to again crumble is helping the cause immensely. Not as a transfer of wealth, but as a means for all to better be engaged in financial process, why must money be worth less today because governments devalue or print more cash. the ideals of BTC is strong and it time for a change for the better. – I believe that another financial meltdown and perhaps a currency crisis will prompt the rest of the world to look at alternatives like Bitcoin. 😄
Absolutely it cannot be stopped. the state can make it difficult to get in and out of fiat to bitcoin but bitcoin itself is here forever. You can trade bitcoin via shortwave radio signals now so you don't even need the internet. – Ooh didn’t know about the radio signals. That’s awesome! 😄
even if central banks banned it worldwide it would still continue it has come to far and provides to many benefits to the world that have a significant impact in peoples lives! – It certainly has made an impact on the lives of many, for better or for worse.
Whether BTC is the ultimate answer, who knows? But the crypto movement will not be stopped as the mistrust of the world central banking system is so great that alternatives must develop. – More power back to the end user! 💪
Truly decentralized, limited supply and immutable. – Essential traits to have in a currency if you ask me!