Arcane Bear Asks, "Bitcoin Segwit2x - Are the Bankers trying to middle man us?"steemCreated with Sketch.

in bitcoin •  7 years ago 

What Do You Think Barry Silbert and His Banker Friends are Up To?

I Have an Absolute Distrust of the Current Financial System.

When these people start showing up and try to stick their noses in our free market system is really gets under my skin. I don't know if Barry Silbert and his crew are out to destroy Bitcoin or just profit off of it. Similar to what @TheArcaneBear explained, "Bitcoin is already good, why do we need guarantees?"

I Just Think They are Worried About Being Sent to the Bone Yard.

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  ·  7 years ago (edited)

Bitcoin will change the idea of money in some years.

@hilarski,
You just started a great portal to discuss about upcoming BTC Hard Fork and continuous drama holds by Big Banks! This is a great topic to discuss! As you shared "Bitcoin is already good, why do we need guarantees?" I also have this question! Great article and a video friend!

Cheers~

banks hates Bitcoin they will try to destroy it but bitcoin now is more bigger its the monster's bank

your post is always good.i always resteem upvote you.i also follow you.i get insperiation from you.many thanks @hilarski .

Bitcoin will change the banking system completely. There is no doubt in it.

Congratulations @hilarski
MinnowsPower listed your post "Arcane Bear Asks, "Bitcoin Segwit2x - Are the Bankers trying to middle man us?"" as one of the top 5 upvoted and commented posts of the day...!!!

Exceptional article and excellent video you shared to the community...!!!

50% Upvoted by @MinnowsPower

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Hi @hilarski, If these bakers had played the middleman role 5 years back, that made sense. Now, the situation is, everyone is going after Bitcoin. They're afraid of the Bitcoin's success and just want to control it. The past can never control the future as it's evident from many incidents in the history of humans.

By the way, this is very powerful photo:

Thanks for sharing.

Steem On!

Barric Silbert Grayscale Investments has issued a statement saying that the New York Stock Exchange has withdrawn its application for the Bitcoin Investment Trust, which was previously filed with the US Securities and Exchange Commission (SEC).
What do they plan?

This is a very interesting topic! It's like how the internet changed the way we spread information. Great post hilarski! :D

core for now.... :)

thanks for sharing this information @hilarski, cryptos removes the possibilities of the middle man and helps us to leave those shit banking system, the bankers know this and they just want to somehow stop the growth of cryptos.

Totally banks are trying to get in on this and manipulate it to their advantage we see that every day now. They either talk it down as a scam and then invest in it lol or they say they are going to use blockchains themselves but what they don't tell you is they are YEARS away from that even being possible for them to do so.

bitcoin is now a viral thing and it's impossible to stop viral things.

@hilarski - I fail to see how segwit2x recentralizes control to central banks as middle men. That video makes it sound like the latter upcoming fork is actually like setting up an exchange and that those holding 2x coins will not be in control of their coins. Is that true?

@hilarski - Sir, I agree with what Mr. Rick said.... BTC will do to banks what email did to postal industry.... That's why they panic & started fake news against BTC.... But BTC proved them he is the boss.... But Sr, upcoming hardfork... I hate it... Hardforks will drain the power of this wonderful coin.... Nice you decided to share this information Sir...

+W+ [UpVoted & ReSteemed]

Bitcoin will change the idea of money in some year.

Bankers are always looking to stick their fingers in everybody's pie, take the pie completely off the table and then sell it back to you...at interest, of course. Thank for your posts Randy! You deserve your 73 rating.

banks hates Bitcoin they will try to destroy it but bitcoin now is more bigger its the monster's bank

I disagree with your belief that Bitcoin was invented to be used only as a store of value and not a medium of exchange. I agree with your assessment that too many bankers are involved. They are involved in the funding of Bitcoin core through Blockstream.

Bitcoin Cash has more of the original disruptive core goals Satoshi Nakamoto invented blockchain for. Bitcoin Gold has a worthy goal of returning PoW mining back to a decentralized model, however it will take some time for the project to produce results and gain adoption. "Success" will take time to achieve.

Processing transactions "offchain" with segwit introduces a major design change and relaxes security. It allows certain processing to be done separately, segmenting the work to be done to validate transactions. This introduces new risk and increases vulnerability to exploits. The perfect place to position a middleman.

Glad to see another crypto enthusiast that distrusts banks and are skeptical of mainstream financial institutions.

yes you are right @hilarski, no doubt that Bitcoin will do with banks as email do with postal industry. now banks are afraid of from bitcoins and taking last breathes because no one can stop btc and next workd is only and only cryptocurrency.
steem on!

thank you for your kind information

That last memo just has to replace the word Bitcoin with Blockchain. No way Bitcoin is any real competition with its limitation in transactions, high fees, and unresourceful method of mining. Bitshares is another good alternative to replace the word with ^.^

Thats silly, have you have had to send an international wire transfer, doesn't sound like it. Its cheap compared not to mention faster and safer, which require no middle man. It is not only competition, it kicks the shit out of the old systems.

Bitcoin still only has a very small amount of people currently using it compared to the banks, and it's already having these issues. Imagine when it would try to take over its place... It's simply not possible. There are alternatives out there that can handle the job though, Bitshares being the #1 candidate if you ask me.

Well, Luckily I dont ask you! haha. I ask qualified technical advisors

Daddy of all currencies BTC 😂

its a great quote by rick falkvinge about bit coin, true future is like that, no one can pressure on bit coin, bank seems to be agent of bit coin

Pretty sure it is misdirection 'buy this not that while we make millions in BTC' Think about DeBeers.. if they control the supply they control the value.


excellent article & nice information you shared @hilarski

@resteemia

I think they use these forks as reasons for pumps. If it was just a random pump, people would cotton on, so they create drama with a fork, and then pump on this "news", to lure noobs in to buy at all time highs, while they sell. Then the price dips, rinse and repeat.

Hello @hilarski,

Extraordinary article & as you believe BitCoin will change the concept of fiat currency. As a result of that, banks started hate BitCoin. You get that point very well.

~@mywhale

This is one of the best quotes I read in a long time:

"Bitcoin is already good, why do we need guarantees?"

Bitcoin was designed as a payment system and not a 'wealth storage layer,' read the white paper.

how is it a wealth storage layer , segwti has huge merit. The best would be onchain and offchain proposals. So it increase speeds two ways . That way making bitcoin even better. bigger block and lighting is better.

Bitcoin is already better than 19%+ interest + the ATM doesn't work+ short business hours + long lines waiting! Need I continue?

Nice interview about newly coming BTC. Bitcoin Price will change with money always.
Great article and best conversation video @hilarski.
Upvote & Resteem

Bitcoin change idea

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As you shared "Bitcoin is already good,Bitcoin will change the idea of money in some years.

As you shared "Bitcoin is already good,Bitcoin will change the idea of money in some years.

that pic sums up the whole scenario epic :)

Informative post.. I am ready this time

your post is always good.i always resteem upvote you.i also follow you

The bankers are on their heels. Their place as trusted third part verification agents is threatened. Hence they are using the typical playbook to get their hands around this.

To start they demonize it. Then they send in the regulatory slugs. And finally they take their unlimited fiat and buy up all they can.

Does any of this look familiar? It is exactly what is taking place as we speak. Over the last month we saw each item in action.

You know they are desperate when all three are taking place at once.