Did you guys hear this!!! Paypal ceo Peter Theil says that #Bitcoin is ...

in DBuzz4 years ago

Did you guys hear this!!! Paypal ceo Peter Theil says that #Bitcoin is a "Weapon" made by "China" !!! Who Is the guy that made this idiot a CEO !!!
https://finance.yahoo.com/news/paypal-co-founder-bitcoin-investor-215101452.html

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What a bizarre claim!

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When he told it? MAybe on 1. april? 😂But we cant blame him since everyone is free to be a sheep 😂

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Hahaha ... no it was April 7th ;D

Well, Bitcoin could be seen as a weapon to destroy the current dominate currency system, (it was even created for people living outside the system, because that system intentionally abandoned them first.)

But "made by China" claim will be hard to back-up....

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Yeah well bitcoin can ( should ) destroy fiat ... But this guy is clearly obsessed with china. I mean if
the Chinese government did make #Bitcoin why would they make mining illegal !!

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China is one of the countries benefitting from the current system as well. If they did make Bitcoin, then they're discarding their "safe route" for an uncertain one. I can imagine some people doing this but not governments.

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I don't think it was made by China but there is a concern regarding China. According to many sources, over 51% of BTC's hashrate comes from China. If their authoritarian government decided to ban it, at the very least it would crash the price and potentially threaten the security of the network. But if they could figure out a way to use that hashing power to destabilize bitcoin...I don't know, it's just concerning to me and why I don't hold any bitcoin, even if I think it will do well in the next few years.

Hmm ... that's interesting!! ... But it's the part where he claims that Chinese government made Bitcoin that is totally whacked out!! I don't have any Bitcoin but I like to support bitcoin and monero.

Yeah for me I prefer Monero because it is private and more decentralized, but that's more of a personal preference. Do you think it's possible that the CCP made Bitcoin? I kinda feel like freedom and being in control of your own finances goes against their government ethos haha

CCP!!?? censorship resistence!!? those 2 never go together hahaha

Exactly lol - that's why I'm hesitant to believe they would do something like that