Tuesday, July 1, 2014

Who's gonna take over Bitcoin: Corporations or PEOPLE?

The Question isn't only who's gonna take it over. It doesn't matter who's gonna win next ideological battle for making Bitcoin mainstream. If Corporations will take over this market, then we will have regulated Bitcoin, which is almost the same as Visa/MasterCard, but probably without ability to make chargebacks (payments are still irreversible); and without the ability destroy the decentralized structure of Bitcoin.

Many people argue upon how trusted relationships should happen in a P2P market. There's so much people claiming that if regulations occur, it will take over the whole network and we again having a problem with high fees, transaction blocks, etc.

Corporations mostly represent centralized power and that's what makes them stronger. They want to control their assets, they want something which they can manipulate depending on how profitable it is at the current moment.

But those who fight for their strategical freedom is a shite tacticians: they don't understand 1 thing: Corporations are more powerful than bunch of individuals protecting their rights. Give Bitcoin for Corporation and Regulation, there's nothing wrong about it: but those Corporations & Governments who readily accepted that "nice offer" sooner or later will find out that they let in a "Trojan Horse".

ALSO about MIRROR cryptocurrencies, or so-called Altcoins: there's nothing wrong if government goes to create their own "central version of Bitcoin" based on current decentralized technologies! Yes many people again gonna be ripped-off in favor to some nasty mechanisms which will again print more and more money now in digital form, but at least if government introduces that - we will have viable form of cryptocurrency spread everywhere! That's a true profit! You can't underestimate that! We fight the one battle!

You should understand that any Bitcoin-like technology is making the human mind closer to a real masterpiece code called Bitcoin! Where the cornerstone of such masterpiece is of course its hard-coded restricted supply.

1 comments:

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