Bitcoin News

Story: Large nations States With Interest in Actively Destroying Bitcoin (BTC) Possible?

By Maheen Hernandez

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The investor community is recollecting that back in the day, the internet wasn't necessary. People didn't see the perspectives of a mobile phone.

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Richard Dick Whitman, tweeted a video that goes like this:  Do you have any concerns about a large nation-state that is interested in just actively destroying Bitcoin to…

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The respondent replied:  I don't worry about that at all.  This cannot be done with Bitcoin anymore.  This is something that can only be done with nascent Altcoins.

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Then a coordinated assault will give them dominance over an “X Block” for ten minutes. Until we kick them off the network, rework the protocol around them. They would be revealed.

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They figure out if they let this stuff run, they can actually get some Bitcoin as a reward, because the incentive structure actually works. And, so I am not worried about that.

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Those who are already convinced are like:  “Someone stop me from buying more coin.”

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Some are sure not to deliberately short; I believe the market will develop better.

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Bear market = more signal, less noise.  Bull market = more noise, less signal.

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Some are like don’t listen to what anyone recommends. Verify, don’t trust. DYOR. Make up your own mind.

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It makes sense that the FUD keeps getting recycled. With every bull market, there are tens of millions of people who are new to the space.

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There are no Gods among investors; newbies should identify pointers to good sources to learn about Bitcoin blocks and transactions.  The more technical, the better.

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A simple Google search will deliver a lot of information.  The problem is it will be tough to pick the right source.

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There are many smart people who still do not understand Bitcoin!

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