Sure they can. Blackrock is majority shareholder in at least 5 of the largest mining ops. Core devs took money from Epstein. WEF and Lightning Labs are 'proud partners'. Control the miners, control th chain. And when they make self custody a felony under the now precedent 'unlicensed money transmitter' bs after the #freesamaurai kangaroo court, sky's the limit.
Discussion
So what if they are?Blackrock doesn’t tell what updates I run on my node.
My understanding is that Epstein donated money to MIT which then donated to Bitcoin core and other shitcoins. Nazis have contributed to advancements in engineering but why does that matter?
Controlling the miners doesn’t mean you can control bitcoin. We learned this with the blocksize wars.
And if they make self custody a felony, then the right thing to do is disobey. This shit isn’t gonna be easy and people have to take a stand at some point. But the only thing that matters imo is that they can’t destroy Bitcoin. If they can’t, then it’ll bounce back eventually. There might be a lot of pain and chaos short term but eventually it’ll win out.
Your node dont mean shit when they dictate the txs miners validate. Seriously dude, you smarter than this. You get a lot of the bushit. Why you think governments, banks, etc, embrace it? Cuz they figured out how to use it to their advantage. All started with psper btc (etf). Not saying dont use it. But its not fixing a fucking thing. The devs sold out. The miners sold out. LN sold out.
Lemme guess, xmr?
If you want. I promote nothing.
Didn't read everything, but seemed a good guess. Just felt like you were heading that way for reading the broad strokes. Didn't see any solutions proposed, but maybe I missed it
Nobody can ID the problen. They can never offrr a solution
Weren't you just identifying problems above? I saw etfs and centralized mining pointed out as problems. Now you go fortune cookie wisdom. Imma head out
I was saying nobody in the btc space can or will and I am routinely mocked for raising any of these issues. As if psychopathic billionaires who want us dead dont have plans with it.
Not mocking you. Just saw what seemed some very big and certain claims, which I question, at least the certainty or degree, and smelled an xmr boilerplate response on the way.
We all think/worry about these things, and that's good
Wasnt saying you were. And I doubt 'we all' think about these things because as I said, I am routinely mocked every time I bring up any potential issue with btc. For example, I brought up the Blackrock / miner thing back when the article was first published. Was told it doesnt matter and that I am clueless. A few months later, Marty and Odell brought it up in one of their episodes. Suddenly it was ok to be concerned. Another, with the ordinal / spam attack a couple years ago. I raised concern about it being an actual coordinated attack. Again, I was mocked elentlessly. Then a few weeks in, Marty and Odell raised the issue. And again, that made it ok to be concerned about. What it comes down to is nobody cares about these things until some 'influencer' makes it ok to talk about. I hope Im very wrong, but I call em like I see em. If Samaurai's Whirpool is an 'unlicensed money transmitter' when they never had custody of any funds, then a non-custodial wallet certainly can be deemed as such, since the wallet holder does take custody and transmits money. And if 51% of miners globally are controlled by nefarious groups / people, they control it all and can reject anything that doesnt come from a centralized platform. And that is why the Blackrock thing is a really big deal. And the article is old, who knows if they have more stake in more mining ops, and if other groups with same goals are doing same. Its better to be prepared for this and it never happen than to ignore it then act surprised when it does.
You’re raising red flags and these are fair. But you still have to connect the dots. How do we get from Bitcoin to fedcoin? Having all the money in the world doesn’t mean you can do whatever you want. Economic laws still apply. WEF has been trying to get people to eat bugs for a long time and it’s not working. Feds tried to force vaccine passports on everyone but it didn’t happen. These people are human like us. Don’t deify them.
Glad for people who don't strictly follow trends and think for themselves. Working on doing that more myself, and next step would be to actually contribute more than just lip service (may never happen from me though). Merry Xmas
I feel I would be doing people a disservice if I just kept quiet with what I know will be ignored by most. And Merry Christmas to you as well 🫡🏴☠️
So what if they have plans for it? I’m not updating my node based on what they plan for it
Well that's not the issue. Doesnt matter what version you have if they have control of enough miners and start rejecting txs from 'unapproved' wallets.
Okay so let’s play out the game theory. They actively harm their own business revenues in order to censor all non kyc bitcoin transactions. What do you think people with non kyc sats and people that value privacy will do in response?
Threatening people and their families has a funny way of getting people to do what you want. These fuckers play for keeps. They aint embracing btc because they want us having money outside their control.
If you know of a way that “they” can sustain a 51% attack indefinitely, I’d like to know.
My node is what validates transactions not miners.
Governments and banks did not embrace it until fairly recently. Why the change? One perspective is they figured out how to take advantage of it. Another perspective is that they realized it’s not going away and they are incentivized to make money off it. People are driven more by incentives than anything else.