China banned Bitcoin mining.... There are now more miners in China than when it was banned.
Your point is false.

Bitcoin is the first property that can not be taken from you by force. You keep 12 words in your head and you can go anywhere in the world with your energy stored.

Again, these are all facts that are easily proven. Facts don't care about your feelings.

As much as you feel afraid of the future, it doesn't make you right.

Your response in defense of "the hive" comment while threatening to down vote me is pure comedy! You can't make this stuff up

"It SHOULD be the first step in removing the CONTROL systems the bankers have." It still doesn't remove the control systems of governments - see China. Shifting your wealth to "cyberspace" will not prevent them from looting you if they want to - and they do.

Are you suggesting that I should do what it takes to get people to like me? I guess the threat of a down vote should be concerning?
If others don't like what I say I should just keep it to myself?

I have no interest in convincing anyone of anything. As I've said: "if you don't get it or refuse to see it, I'm sorry I don't have time to convince you".

Ok. Enjoy the safety of your government backed green backs. I'm sure it's fine.
I'll never sell my Bitcoin.

Nicely stated, blarman.

Yes. Unapologetically. Although not made legal tender by any government decree it is backed by nothing but beliefs and wishes. Although I didn't down vote your post, you deserve it for being such a snarky condescending individual. Not a good way to convince rational thinkers that are not convinced.

Edit add: I see you mention below, and I'll take your word for it, El Salvador has given the government decree. Now officially fiat.

Yes, I even read numerous starry-eyed comments following the video. The Objectivist and John Galt references are nothing more than a Wizard-Of-Oz sales pitch. The most honest statement in the whole video is the reference to the fact Bitcoin was brought into existence by "true believers" and nothing else. The "true believer" support is only thing keeping it going. It's a tulip. Make your money and keep the escape pod fueled and ready to go. Referring to those who question your beliefs as "hive mind" is a used car salesman's tactic.

Ok thanks for spending the time to watch it.
2 opposing viewpoints can not both be true. There are no contradictions.

We can disagree and that's fine. I'll still help you fix the machine.

I watched it. That's how I reached the conclusions stated previously.

Bingo 👏
100% sir.

The challenge was that no country has adopted Bitcoin as legal tender.

That statement along with most others on this thread are false. El Salvador and many other nations will move to a Bitcoin standard.

That's the answer to your "who cares" comment.

The curly haired boy has the same relevance to Bitcoin as OJ Simpson has to leather gloves.... People should probably stop buying leather gloves 🤷

Bitcoin requires the expenditure of energy to produce. It is a free market that encourages competition. Over 60% of the decentralized mining network controls their own energy.
Bitcoin is the closest thing to perfection that humanity has ever invented.

It is worth your time to research.

Good stuff Chad! 👍
Thanks for bringing some logic to this conversation haha.

Bitcoin has value because it requires proof of work (energy) to produce. This is the same reason gold has value, it is hard to produce! Fiat money can be created without the expenditure of energy.

Bitcoin can not be changed or declared different by any one nation. It is a commodity. Like lumber, wheat or gold.

Governments can declare Bitcoin illegal to own if they would like, but it have zero impact on Bitcoin. There is absolutely nothing they can do to stop it. This is why they are so afraid of it. This is why BlackRock is currently making a splash.

The "elites" win because they control the public opinion by controlling the media and the mainstream narrative. The arguments that are being presented here are an example of this.

I waited way too long to get involved in Bitcoin and I'll kick myself for the rest of my life. This commodity is worth dedicating the 5-10 hours of research it requires to understand it. Study the principles, study the philosophy. If you understand Rand, Objectivism, Austrian economics, and the bullshit system of fiat money- Bitcoin will click for you.

My entire goal of bringing Bitcoin up in this community is to encourage people to understand it. If you spend the 5-10 hours and you still don't get it, that's fine. The majority of the counter points I have seen here and completely unfounded and display a lack of knowledge.

The 13 min video I shared from the Atlas Society uses terms that should be very familiar to people in this community. The bridge isn't that hard to cross!

I think the point a lot of people missed is simply that...

If you THINK you can survive ANY system where the BANKSTERS control your assets/money... then you are wrong. This is how we got here.

BTC is NOT a get rich quick promise. It's a HARD MONEY promise built on Technology. Available to everyone around the world.

It SHOULD be the first step in removing the CONTROL systems the bankers have.

Once they cannot LOOT YOU... Then you have a virtual GULCH. That's the point.

Once you go this way, you are FREE.
As long as we pay in $s, we are fundamentally slaves, and inflation is how they steal from us.

How does one inflate gold??? By mining more of it. By creating paper gold! By mining asteroids. The supply of gold is unlimited. As price goes up, the incentive to find more goes up!
Gold is completely co-opted by mining regulators and colluding bureaucrats.

Bitcoin can not be changed, altered, co-opted.
It is digital gold with a fixed supply and has none of the challenges of gold (portability, authenticity, etc.).

Did these Bitcoin fanatic even understand "Atalas?" It was about people being strong enough to not depend on the opinions of others. It was about working at a job and getting a pay which was of equal value. Look at the big haired mama's boy who was running the Bigcoin scam. Not at all an Objectivist. It was about removing their talelents and kills from the idiots running the businesses, which is what we are seeing, as they think AI will replace man. It was about a group of Objectivist working in a society which have value to their contribution of skills. Be it dollars, yen or bitcoin, corruption is and will continue to be rampant. The gov. and big business just do not get it. Sadly, CEOs are socialist or Marxists. Greed for stuff, not work for your own sake becasue you value yourself over the opinions of looters.

Although Bitcoin pretends to have value, it has none simply because it is nothing but confidence.
Anything that has a variable worth is not functional as a trade item. Today's average home costs less than in the 1960s compared to the ounces of gold required to purchase it. Gold does not hold a standard because it has been declared to; it has a value because of its physical nature, which cannot be changed or declared different by anyone or any institution.
There is no way to know how Bitcoin is controlled; how much is there? What would I receive if I were to demand my 'Bitcoin? If I accept Bitcoin as a payment and the value goes down, I have lost the value of my payment and have less to purchase my needed goods. Bitcoin only becomes valuable when I sell it for an unstable currency and then try to purchase an asset.
There is no way to know that it has not fallen to the control of institutions (governments) that cannot be controlled.
Precious metals will have severe limitations if governments declare it illegal to own them (as it did in the US during the depression), and all industrious entities can only trade for their needs with the government-approved fiat currency. The seriousness of this will be felt when the number of people individuals can trade with will be limited to a few. I have yet to discover a viable alternative other than a subsistence-level existence where anything I own does not entice the enslavers. ~ Chad Chadburn

Good for El Salvador. Seriously. And you can move there if you want. Doesn't do much for the rest of us, unfortunately...

"How much supply of gold exists? How much will exist in the future?"

Not sure what your argument is here. Value comes because of scarcity. Bitcoin has already said that it will cap the total number of coins at a fixed number. So both have a limited supply.

"Using your logic, Gold is more of a fiat than Bitcoin!"

In what way? As I noted, gold has real application value separate and apart from its use as a currency. Bitcoin does not. The real problem with fiat currency is inflation, is it not? How does one inflate gold?

How was the video I shared? Did you enjoy it?

Who's the one berating? Check your premises.

El Salvador has adopted Bitcoin as legal tender. Point.

How much supply of gold exists? How much will exist in the future? How many paper credits of gold of gold exist in relation to physical gold.
Using your logic, Gold is more of a fiat than Bitcoin!

"Bitcoin is the largest computer network in the history of humanity"

Uh, No. Just no. The Internet is orders of magnitude larger. And as far as individual distributed networks, there are botnets as big as Bitcoin. North Korea and China have used them to attack US infrastructure.

"All who understand are welcome, looters are not."

False dichotomy. One also points out that you don't attract flies with vinegar. Disparagement doesn't win friends or influence people on this forum - solid arguments do. If you want to cut yourself off from your best source of potential allies, keep up the rhetoric.

No one is questioning the corrupt fiat nature of the global monetary system. No one questions the evil of the Federal Reserve and its associated international banking moguls. No one here is trying to argue that inflation is anything other than theft. But every alternative must stand on its own merits. Attempting to berate - coerce really - this group into adopting Bitcoin? Methinks you might want to revisit your premises...

Yes, and this would be far from the first conversation here on this forum we've had concerning Bitcoin.

If there is any technological basis which might form a valid currency, Bitcoin probably has it nailed down. Given blockchain and Bitcoin's lack of a Board with power to arbitrarily compare, Bitcoin has this and no other cryptocurrency does. Point for Bitcoin.

Bitcoin has a limited supply. Point for Bitcoin.

Bitcoin requires technology to implement and access. It is 100% worthless without this infrastructure. Power out? You're out of luck. No connection to the interweb? You're out of luck. You don't have the software installed? Sorry again! Point against Bitcoin.

Bitcoin is fiat. Remember, you're not just buying a prime number, but the infrastructure that attaches an arbitrary value to that prime number. That's the definition of fiat currency, like it or not. Without it, Bitcoin is worthless. Point against Bitcoin.

Bitcoin is speculative. It isn't a currency. Yet. No nation has adopted it as legal tender. Even vendors immediately convert their Bitcoin transactions back to USD or some other recognized equivalent. Until this changes - either through law or through popular adoption - Bitcoin is just like Dogecoin or Bell Bottom Jeans or tulip bulbs: a fad. Point against Bitcoin.

Bitcoin is ephemeral. Sorry, but the power of physical gold/silver is real. Gold is incredibly valuable not only as jewelry but in computer chips due to its high ductility and electrical conductivity. Silver is similarly intrinsically valuable. Bitcoin has no intrinsic value and certainly no value except as a medium of exchange. Point against Bitcoin.

So according to my analysis, the score sits at 4-2 against.

The BATF and FBI made that clear in April '93.

Did you just call Bitcoin a fiat currency? 🤣🤣🤣