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RE: US to turn Bitcoin operators into "banks" - what you should know

in #bitcoin7 years ago

I don't trust these attempts of taking the crypto-movement within the binaries of traditional institutions. It's like betraying the true nature of this technology. I wish mass adoption could happen due to a massive movement from the people, and not from the same elites that ruined this world. What is going to happen with Ethereum? What would Satoshi say about this? Ok you regulate an operator, as it happened in new york with the bitlicense, but then what about the freedom of transfering and keeping your wallet? I hope these latter will never be monitored or touched.

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Exactly!!!!!!

It's up to the big holders as much as to everyone of us. it's because of the mass that bitcoin is not shaken from the ban of ICOs and other attempts to neutralise this progress. We need to stay firm and keep our position, defending the freedom of bitcoin and altcoins. It's not only about a currency..don't you agree? :-)

It's up to the big holders to fight this! If they try to destroy bitcoin we need to fight back. Even if that means dumping it for another Crypto

@f3nix and @geneeverett, i do understand your concerns but we have to acknowledge the fact that institutions are what currently hold our society together and they will not simply ignore Bitcoins and cryptos.

also, Bitcoin will NOT become a tool for banks, and even if that happened it will not destroy Bitcoins. Bitcoin is the very first cryptocurrency, the creators of Blockchain and Cryptocurrency technology.

all other cryptos will come and but Bitcoin will always be Bitcoins. there could be a million altcoins, but there will only be one Bitcoin.

There entire purpose of bitcoin was to be outside of this system not join it. Read the white paper and Satoshi's other writings. You are missing the entire point

Snd no there might not be only one bitcoin. My friend your speaking with emotion not evidence. Bitcoin has lost more then half its market cap in crypto space this past year
That's a very very bad sign.

I'm
The first to cell out 99% of alt coins are scams. But I'm telling u now if bitcoin doesn't keep to its original purpose the amount of people that dump it for another choice will destroy it.

Respectfully my friend you don't seem to understand how much bitcoin has lost in market share just this last year during these heated Fork discussions. I love Bitcoin , that doesn't change the fact the battle is not close to being won. It's not even been around a decade and has been loosing share. It could easily become the MySpace of cryptos