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テーマ:仮想通貨(1894)
カテゴリ:ビットコイン
The Insane Truth About Bitcoin From Revolutionary Idealism to Speculative Madness Pantera Published in The Crypto Kiosk Aug 22, 2024 Prepare to discover the shocking truth that maximalists and modern Bitcoin evangelists don’t want you to know. In this video, we reveal how Bitcoin, originally designed as a decentralized, peer-to-peer alternative to traditional finance, is now overtaken by the very institutions it aimed to disrupt. We also highlight how Bitcoin Cash (BCH) stays true to Bitcoin’s original intention, focusing on a fast, affordable, and permissionless money system. Watch in 4k, and subscribe on Youtube for more: 👉 YouTube Transcript (Disclaimer: Opinions and thoughts expressed on this video reflect only the author’s views.) Imagine you suddenly find yourself in a world where the foundation of the global economy crumbles beneath your feet. It’s 2008, and the financial system — once thought to be robust and unshakable — has entered a state of unprecedented crisis. Banks that were deemed “too big to fail” are collapsing, stock markets are plummeting, and the housing market, once a symbol of prosperity, is now a graveyard of foreclosed dreams. People are losing their jobs, their savings, and their sense of security. The ripple effects are felt worldwide as economies falter, and governments scramble to respond with bailouts and Trust in the financial system, built up over decades, is shattered overnight, leaving individuals and institutions alike questioning the very principles that have guided economic decisions for Bitcoin was created to fix this mess, but during the process, something changed dramatically. Since 2017 the Bitcoin that fixes money is Bitcoin Cash and here’s the secret that finance and BTC maximalists hide from the public. It is 2024 and the legacy financial system is still paralyzed and inefficient, struggling to adjust to the rapid advancements in technology and the evolving needs of global commerce. This system, burdened by outdated infrastructure, excessive intermediaries, and opaque processes, fails to provide the transparency, speed, and accessibility that modern consumers and businesses demand. There is no alternative in sight, you can’t withdraw your savings from the bank and undertake the risk of holding piles of cash at home. Bitcoin is not fixing this anymore, at least for the overwhelming majority who would never pay transaction fees worth $50 or even $2 to begin with. The money of the future has to be fast, reliable, and cheap to use. If it comes with considerable transaction fees, then it is worthless as money. Bitcoin does not fix any of the money issues with the currently prevailing BTC version, since the BTC community does not support mass adoption and ignores the average Joe. You are not welcome in Bitcoin, but you are welcome to keep buying via centralized platforms and undertake serious risks for your funds. Bitcoin diverted from its original path and remained a vague experiment, with no potential and no revolution any longer. It was just a dozen individuals who reshaped history and twisted Bitcoin into a service for the already privileged and powerful. Not for the common public, not for everyone. We have a solution since 2017. Bitcoin Cash fixes all the above, and as we find out in the process Bitcoin Cash also saved the mainstream BTC version from a humiliating deterioration. Bitcoin Cash is the brave new coin, the righteous one, the one that manifests the crypto revolution. Since 2017, Bitcoin Cash (BCH) has been the only Bitcoin version that still pursues global adoption of P2P Electronic Cash. In Bitcoin Cash, we find developers, investors, businesses, and a driven community with an honest and professional approach, seeking to bring positive disruption far from the failures of legacy finance and to uphold the true values of Bitcoin as described in Satoshi Nakamoto’s whitepaper and as expressed by the early Bitcoin community. Yet Blockstream, backed by various financial institutions like AXA and Mastercard assumed control of developments in 2015, ousted the Satoshi-era developers, and supported scalability It is evident that the scaling promises about layer-2 networks have not been fulfilled, and it’s unlikely that they ever will. Bitcoin Cash is there as proof that the blockchain scales and meets global demand for borderless, permissionless, and censorship-resistant digital cash. Bitcoin Cash is concrete evidence of Bitcoin’s scalability. The blockchain is an efficient tool that can accommodate global adoption. In addition to securing a permissionless person-to-person payment system free from centralized control and custodial mechanisms, Bitcoin Cash also saved Bitcoin (BTC) from a devastating inflation bug. In 2018, a critical inflation vulnerability was introduced into the Bitcoin Core code, which could have allowed malicious actors to artificially inflate Bitcoin’s supply. This serious flaw was identified by a developer from the Bitcoin Cash community, who promptly alerted the Bitcoin Core team, thereby preventing what could have been a catastrophic outcome. The bug in question was coded by developer Matt Corallo and, despite supposedly being audited by several other Core developers, it was accepted into Bitcoin. Rather than share responsibility for this oversight, much of the blame was placed solely on Corallo. He eventually stepped down from his role as a Blockstream founding member, calling out the toxicity that had taken root in the Bitcoin development community.
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Last updated
2024.09.15 08:13:10
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