Ideas Never Die by kevinwong

philosophy · @kevinwong · Sep 14 '17 (edited)

$107.75

Ideas Never Die

<center>![](https://steemitimages.com/DQmX19dLNQWYaYGgzmAJCkXtiMBHABNZ4tuKHFTujJ1yv8d/image.png)</center>

So this is the news I came across recently. Typical rant about cryptos being fake money and all that jazz. Seriously, this is what the man said:-

> *"It's just not a real thing, eventually it will be closed"* [(source)](https://www.cnbc.com/2017/09/12/jpmorgan-ceo-jamie-dimon-raises-flag-on-trading-revenue-sees-20-percent-fall-for-the-third-quarter.html)

He was saying that Bitcoin will closed down by the government due to its rebellious nature. Maybe he's just clueless about the technology, since there's no way to stop this all that easily due to the decentralised nature of cryptocurrency networks. There's no single point of failure, no plug to pull to shut down Bitcoin, Ethereum, Steem, and others. This is open, permissionless innovation. 

What if Bitcoin has been the "stable" currency all along since its inception? It doesn't even need to perform exceptionally well, if its competitors, such as national currencies and other traditional assets are slowly becoming "crapcoins". It's all relative. Where else can anyone depend on outside of the system if not on platforms like Bitcoin? It's volatile for sure, but it's one of the only places where your assets are not subject to what some may call predatory inflation and taxation. Who's going to regulate the regulator?

<center>https://steemitimages.com/DQmaPzfuc59szcRVncZTiG33epuSaPra2hewNhSDRvkVam5/weareinabubble.png</center>

Now onto the tulips.. I'm not sure why I even want to debate this, but let's just say that tulips are perishable and not even remotely close to a form of currency as do cryptocurrencies. In addition, Bitcoin like any other cryptocurrencies are provably scarce and they're engineered to function like money. Bitcoin is the first coming together of idea, money, politics, and technology all wrapped into an automated trust protocol. So the comparison he made is highly anecdotal and not very useful. Bitcoin is no tulip, and not even tech stocks of the 90s. Then to add to his ignorance.. he starts calling Bitcoin a fraud. 

Here's the thing: Bitcoin's price can go to zero and it's still not a fraud. Participation is voluntary. The project is open-sourced and its supply regulated by the Bitcoin protocol. Yes, cryptocurrencies are in fact, self-regulated entities. The code ensures predictability and transparency. This should actually be equally viewed as a form of stability. The price of cryptocurrencies might not always reflect that, but it's a fundamental shift away from arbitrary regulations. When centralised systems can be regulated by the whims of governments at any point in time for their own definition of stability, this could actually create mass instability for the rest of us. Most of the times, unknowingly.

<center>![](https://steemitimages.com/DQmXR9U1gmwNX51VcuvuB5ax9RcoML9tKUGyG645Wii1VZJ/image.png)</center>

Traditional regulation is all about maintaining expected prices just to keep things artificially stable, sometimes longer than it should. Volatility in cryptocurrency is a feature, in my opinion. Unregulated markets better reflect the pains and problems of currencies in real-time, being liquid. So it better be really valuable to deserve a high valuation, and not just because some form of regulation is artificially setting some so-called price stabilisation mechanism on it. It's not definitive and grey, but this discussion can be explored more thoroughly by studying the philosophical differences between Keynesian and Austrian economics - check out this [one minute video](https://www.youtube.com/watch?v=4K8a2sGzk0k).

Bitcoin is now still valuable as it is an idea of power decentralisation materialised through clever use of technology. The value is in its perceived breaking away from authoritative monopoly over private property, and it's currently reflected in the market. But who knows what might happen since something better always comes along. Maybe Jamie's government could even end up closing down Bitcoin, whatever that means. Regardless, the powerful ideas that Bitcoin birthed are here to stay. Maybe one day I'll see a headline in 2020 that says:-

> *"WTF is Steemit and why is it dominating 80% of our top search results?"*

👍 sweetsssj, slowwalker, kevinwong, donkeypong, trafalgar, acidyo, livingfree, analisa, greenman, joseph, minnowbooster, matt-a, newhope, vortac, celsius100, lukestokes, wackou, toxic, ajvest, mallorcaman, justtryme90, mariandavp, voronoi, nanzo-scoop, lrock, the-alien, hanshotfirst, anotherjoe, gavvet, ehiboss, doitvoluntarily, steemrollin, tradeqwik, ikigai, sjennon, chitty, enki, davebrewer, timsaid, lpfaust, slider2990, austinsandersco, stackin, asmolokalo, pharesim, talanhorne, steemtruth, aishwarya, anu, steeminator3000, wbulot, cryptoctopus, joythewanderer, mauricemikkers, gokulnk, cristi, kimminyoung, bycz, meesterboom, suerisue, fbechstein, jefflombardo, sebastianjago, okean123, and 310 others
👎 atli

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properties (23)vote details (375)

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wackou	545,066,635,605	6%
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anu	83,062,766,792	12.5%
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enki	124,683,448,469	7.5%
sandra	20,725,383,612	9%
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joseph	1,037,338,265,611	100%
jason	17,911,336,482	6.21%
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steemrollin	174,848,229,517	50%
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nomoreheroes7	485,665,499	1%
jademont	19,992,165,660	10%
gavvet	187,143,886,510	1%
kaj-huisman	2,027,826,559	100%
cryptoctopus	69,641,697,532	1%
nanzo-scoop	288,901,483,237	4%
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dragonslayer109	21,096,997,210	1%
ak2020	1,691,103,404	4%
justtryme90	368,442,178,505	25%
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juanmiguelsalas	11,892,021,112	15%
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beervangeer	4,605,138,062	100%
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matt-a	979,323,401,869	25%
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jacor	6,421,222,587	1%
livingfree	1,580,798,948,370	20%
vortac	836,342,286,598	20%
lrock	260,831,218,728	100%
toxonaut	11,917,795,663	100%
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meesterboom	62,487,929,114	10%
bycz	63,626,563,124	100%
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jens84	46,790,143,649	25%
celsius100	601,946,096,487	100%
tokyodude	10,051,616,340	50%
jedau	27,672,310,625	100%
lpfaust	120,855,779,451	100%
crazymumzysa	1,607,872,693	1%
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alsprinting	7,305,225,952	50%
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logic	3,908,937,903	20%
aishwarya	87,292,971,236	100%
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nekromarinist	1,506,673,150	100%
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toxic	490,503,738,478	100%
timsaid	121,523,758,343	1%
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lemouth	16,402,587,939	10%
anotherjoe	212,493,656,546	25%
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kenistyles	15,219,090,211	22%
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areynolds	5,989,821,711	100%
saramiller	40,645,203,976	5%
titusfrost	24,626,340,109	10%
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kyusho	9,647,628,771	5%
cryptonetwork	3,118,375,658	100%
rusticman1	2,732,479,421	100%
mariandavp	344,883,237,156	100%
positivesteem	2,823,352,547	6%
funnyman	1,432,796,142	0.2%
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mador	139,598,070	100%
okean123	54,152,565,043	100%
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alienbutt	43,212,543,502	20%
viktorcapulet	2,819,443,621	40%
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sward	714,537,935	100%
psitorn	51,410,655	1%
keuudeip	145,181,165	0.1%
singapasee	2,393,019,950	100%
voronoi	289,402,721,590	100%
joanaltres	53,390,240,943	30%
trans-juanmi	1,336,950,885	15%
mafeeva	3,904,354,049	4%
tikotiko	23,423,233,904	100%
tradeqwik	172,302,387,157	12%
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carlobelgado	37,509,519,355	30%
barvon	10,149,775,567	99%
sebastianjago	54,746,639,513	10%
thevenusproject	28,525,040,333	100%
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bobobang	5,607,883,218	100%
dr00min	1,233,892,277	20%
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steembot-colonel	108,737,507	100%
steembot-soldier	215,899,428	100%
rayfa	2,269,059,482	100%
playman	14,082,279,106	100%
steembot-medic	161,800,679	100%
berkat	2,283,606,269	100%
kykb	1,458,769,278	100%
cube48	17,572,442,114	100%
decentralizd	3,875,781,904	1%
sebhofmann	29,495,782,863	100%
anonimnotoriu	157,625,842	2%
mari-lynn	2,422,650,590	100%
mandela	2,122,107,876	1%
munawar1	19,107,343,086	100%
azizi69	1,424,996,712	100%
ygern	12,872,696,817	49%
calvinadamus	9,614,073,147	100%
ilovedietcoke	2,627,011,775	100%
trafalgar	2,583,274,154,306	12%
oluwoleolaide	5,031,539,804	10%
fernwehninja	493,277,255	2%
crypto-pontiff	1,592,718,622	100%
austinsandersco	115,610,901,052	100%
kabandis	537,336,508	100%
sandstorm	11,133,096,818	20%
galerykoe	760,465,402	100%
sulfat	536,210,311	100%
awesomianist	37,665,195,688	100%
jakechalmers	21,815,381,027	100%
gaussboy	537,921,750	100%
jamhuery	3,837,327,255	20%
nevrox	535,626,632	100%
aismor	653,239,530	100%
ehiboss	185,062,724,266	40%
jxmiller	538,577,563	100%
miss-yasia	533,823,642	100%
yduwebas	534,443,061	100%
gaaths	538,572,682	100%
faktor	537,705,980	100%
marxrab	2,396,031,871	6%
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hiimamazing	196,053,293	10%
aarkay	149,433,192	100%
wbulot	77,348,954,340	100%
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lukestokes.mhth	1,796,001,113	25%
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srkattel	411,253,683	100%
wealthy-easily	3,077,968,556	100%
dududagrav	4,359,350,575	100%
arunava	3,256,451,244	1%
lcshaft	13,121,217,687	100%
suitablybored	224,001,246	100%
fikri	2,857,726,179	100%
kimminyoung	63,726,204,252	100%
besteulz	703,272,357	6%
steeminator3000	77,596,070,937	100%
hadimemories	4,290,989,112	100%
bereginja-steem	4,240,205,241	100%
bitfairy	49,862,839,443	100%
vm2904	35,727,905,182	100%
gokulnk	67,013,890,923	100%
davebrewer	124,497,819,589	14%
dandesign86	5,842,162,865	99%
fproductions	2,533,782,628	100%
eyg5zv8g2mty	621,503,412	100%
sofito	722,028,339	100%
bobiecayao	3,784,336,803	100%
chingpherd	935,692,977	100%
jackberry	1,164,131,670	100%
zacly	794,651,175	100%
rafine	22,938,081,918	100%
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spinladen	374,158,609	100%
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skywalkerz	705,993,591	100%
dushka	1,523,023,022	100%
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@radhemohanswami · Sep 14 '17

yes. you are right . and thanks for share it .

👍 radhemohanswami

`post_id`	12,784,816
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`category`	philosophy
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@narta · Sep 14 '17

I like your post , thanks for share

👍 narta

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@steeminator3000 · Sep 14 '17

$0.27

Always trust internet and yahoo ! Reliable sources

👍 kevinwong, mari-lynn

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@kevinwong · Sep 14 '17

Its not real if we dont see them xD

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@konmogelijk · Sep 14 '17

$0.26

Being in the crypto for just a month and being a believer of the blockchain tech, I am pissed. He doesn't need to make bad remarks against his competitors. But maybe that's just the way it is. I don't understand as much as he or the others can cause I'm just a newbie. I believe in the potential of bitcoin and other cryptocurrencies and I know that this is the future. If only people with weak hands can see it. In the mean time, buy the dips and still hodling my baby alt coins 😁

👍 kevinwong, nliss

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@kevinwong · Sep 14 '17

I personally havent been buying to hold btc, but yeah, the baby alts :)

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@srkattel · Sep 14 '17 (edited)

$0.18

lol, these guys don't wanna lose their job. Well said,  Ideas never dies, it expands. :-) Great post, loved it. Resteemed, voted.

👍 kevinwong, nliss

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@kevinwong · Sep 14 '17

Thanks @srkattel :) Market leaders should change and get replaced all the time..

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@greenrun · Sep 14 '17

$0.39

I agree with you. Ideas are bulletproof. 
>V for Vendetta Quotes. ... V: Beneath this mask there is more than flesh, Beneath this mask there is an idea, Mr. Creedy, and ideas are bulletproof.

Bitcoin as an idea can never be killed. Vilify it. Call it scam. Try to run it down. An idea is birthed and cannot be killed. 

I'll love to see steemit dominate the search result. As someone that joined last month, it'll be a thing of joy to see that. Thanks

👍 kevinwong, bitfairy

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@shihabieee · Sep 14 '17

Thank you for sharing :)

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@serkagan · Sep 14 '17

$0.26

Officials constantly say that they will close Bitcoin @kevinwong, but they still do not want to. 20 years ago from the Internet, too, wanted to get rid, because it also interfered with someone else, but look now you can stop it :)

👍 kevinwong, serkagan

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@kevinwong · Sep 14 '17

Lol i dont remember any stories about people wanting to get rid of the internet.. but i wouldn't be surprised. Luddites are everywhere, and I think we'll see more at the turn of this decade..

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@serkagan · Sep 14 '17

Rather, to say the Internet the same was predicted by extinction from the day of its foundation in 1969 and only in 1991 it firmly entered our world :)

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@ravingo · Sep 14 '17

$0.09

Looks like he is jealous about missing the early ride.. aahh sour grapes it is ;)

👍 kevinwong

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@kevinwong · Sep 14 '17

I dont think he has none. He must have some.. ;)

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@talanhorne · Sep 14 '17

$0.17

The Demon (or Dimon, or however he wishes to spell it) ought to be more concerned with his own fortunes than with Bitcoin's.

The people will only bail out his bank so many times before they start looking for better alternatives.

👍 kevinwong

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@kevinwong · Sep 14 '17

Not clear on the story of JPMorgan, but yeah i guess the bailing out has been happening too many times? I can't believe he's talking down on his daughter in public just because she bought some bitcoin lol

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@greatestjourney · Sep 14 '17

Terry Brock brought me here.

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@karma-matter · Sep 14 '17

$0.29

Money is base of stability cryptocurrency. Good days comming for other money users for next generations.

👍 good-karma, esteemapp, feruz, ray123, meysam, konti, bounties, steempoll, demo, tipping, mysteem

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@ray123 · Sep 14 '17

Yes, Steemit go for the next generation!

👍 ray123

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@amade · Sep 14 '17

You made a great point. Thanks for this

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@zacly · Sep 14 '17

nice post,, thank you for sharing.

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@dandesign86 · Sep 14 '17 (edited)

$0.60

I like your finish to your story and I think Steem is like a volcano waiting to erupt. Just like Bitcoin really came on to many people's radar just recently so Will Steem and Steemit in the very close future. The things that are now being built on top of steem like D tube, Discord etc is creating an eco system which will adopt users from all kinds of social media. Anyways, your post was actually mainly about bitcoin, so sorry for ranting about steem. As for Bitcoin it seems like this statement come from someone that has paid zero time to read up on it, or he is just a spokesman for some entity, which thinks this kind of talk will affect people's opinion on the matter. Those who know Bitcoin and crypto will stay long, atleast that's what I am planning to do ! Nice post Kevin !

👍 kevinwong, killerspot

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@kevinwong · Sep 17 '17

$0.02

Lol JPM found to have bought Bitcoin on the dip after shouting fraud :P if you read the news xD

👍 dandesign86

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@dandesign86 · Sep 17 '17

Hehe yea I didn't know it when I posted this article hehe but now I have seen a lot of posts stating this fact. .. Nothing should surprise you when it comes to the things bankers do I guess...

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@idabble · Sep 14 '17

$0.17

News will always be there and it will always be inconsistent as its all talk and a lot of people are talking. Just say fuck ot and do what you rationally see fit.

👍 kevinwong, idabble

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@kevinwong · Sep 14 '17

True, it's actually okay to leave out news and just do our own sh*t. I haven't been reading any, except for crypto related stuff

👍 idabble

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@slempase · Sep 14 '17

$0.26

governments in some countries are beginning to look for how to make money from these bitcoin transactions, they can not manage bitcoins but in exchange for real currency, and all digital transactions begin to enforce tax laws, but they are all newly designed, as they do bitcoin and then bitcoin will get higher price

👍 kevinwong

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@mirzacho · Sep 14 '17

at this time no one can block bitcoin, so rapidly growing. this is indeed a threat to the government.
they should be able to adjust

properties (22)

@allabout · Sep 14 '17

I think this electronic way to get steem  will did  big things in people lives becouse its a different way to get ,earn, and offcourse live from it. Maybe in futere it happens the same as like for money now , but then maybe will didt need money at all.

properties (22)

@ygern · Sep 14 '17

love the last paragraph. lol

properties (22)

@bobiecayao · Sep 14 '17

$0.17

There are some people who have a negative perception on bitcoin because for them its threat in our economy, they are not fully aware of how beneficial it is in our society. The other thing is that, those people are are skeptical about cryptocurrency are lack of ideas and knowledge about it. If bitcoin will be one our currency, cashless program is very possible.

👍 kevinwong

properties (23)vote details (1)

@kevinwong · Sep 17 '17

cashless is already happening, especially in places like india. but cashless and decentralised cash are different concepts :)

properties (22)

@calatorulmiop · Sep 14 '17

$0.26

This sort of attacks aimed towards the crypto world are to be expected. Whenever the old establishment is threatened they will come out with big statements like this. Maybe the beast way to react is to ridicule them for the hypocrites they are and move on with the important news :)

👍 kevinwong, calatorulmiop

properties (23)vote details (2)

@nasrud · Sep 14 '17

If this is done they kill the economy in the world @kevinwong

properties (22)

@grafinx · Sep 14 '17

Hmm, very interesting. I shared this on facebook.

properties (22)

@junetteelisabet · Sep 14 '17

@kevinwong Thank you for obtaining this out..

properties (22)

@photography-2018 · Sep 14 '17

@kevinwong Thanks for your work as well!

properties (22)

@stackin · Sep 14 '17

Jamie Dimon is a peice of 💩💩💩🤣🤣🤣

properties (22)

@miti · Sep 14 '17

Banks interests to keep control of world economy are too high to allow a decentralized currency to create a precedent to which many other cryptovalutes can be inspired

👍 miti

properties (23)vote details (1)

@aldentan · Sep 14 '17

$0.35

My friend, who recently went to China told me that while paying for some BBQ pork on a stick by the roadside street vendor, he was asked to pay through their epayment system. He was like blown away, like what? Street food and I couldn't pay with cash.

I am just an artist whose entry to cypto was through Steemit so I don't know the deeper details.

I think it's clear that epayment is the future and many things are to come and turn things around. It's only sensible. Guys like Apple would always help facilitate that with their own new things.

Thanks for the info dude!

👍 kevinwong

properties (23)vote details (1)

@mohtab · Sep 14 '17 (edited)

Heard a similar story from China. A friend was there when she was approached by a flower girl. She tried to push her away with the excuse of not carrying cash. She was persistent and asked her to pay through AliPay, their electronic payment system.

properties (22)

@majidawan · Sep 14 '17

$0.17

You did good research work to present this article, bitcoin & other currencies are yet downwards trend but will recover in near future,  beacuse these have great worth of their investors & developers team in back. This is good time to buy , hold for bright future. 
Up voted post. Goodluck!

👍 kevinwong, munawar1235, majidawan

properties (23)vote details (3)

@sabalinet · Sep 14 '17

@kevinwong Wow, that is certainly so wonderful. I'm quite grateful for that! Find it irresistible..

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@fproductions · Sep 14 '17

$0.17

A good meme for this news
https://steemitimages.com/DQmTF5YoVtQbJrvZBM3pxwCm6yCENbR5NKd2F8FR82KorUc/Bitcoin-jamie.png

👍 kevinwong, soulshade

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@kevinwong · Sep 14 '17

smooth operator lol

properties (22)

@dawnasheelagh · Sep 14 '17

@kevinwong Great submit. Hardwork pays a lot more so preserve Functioning tough!.

properties (22)

@meesterboom · Sep 14 '17

$0.26

You know they are getting scared of crypto and blockchain when they start wheeling out the big guns to take a shot at it. Its classic modern behavious. They only care about stopping it dead in its tracks.

As you have said though. They dont even understand that much!!

👍 kevinwong

properties (23)vote details (1)

@kevinwong · Sep 14 '17

$0.02

Yeah it would seem like some big shots don't get the gist of cryptos..

👍 meesterboom

properties (23)vote details (1)

@meesterboom · Sep 14 '17

I see that being the case for a long time!

properties (22)

@vm2904 · Sep 14 '17 (edited)

$0.43

@kevinwong - **So true.  Artificial regulation is what the traditional money system all about.  Politicians sort of gauge what the public opinion is on certain things at any point of time and decide how to leverage it by manipulating tax regulations and controlled pricing.   Regulation of crude oil prices by OPEC countries and  regulation of petroleum product pricing by governments in some countries is a classic example**

Bitcoin has had over 160 obituaries since it's conceptions as I can see from news reports and it is still going strong!   Yes it will be volatile but will always be transparent and decentralized.  It is no tulip as you have correctly pointed out.  
Thanks for this blog which helps to dispel some of the negative propaganda.  Upvoted full.

I like the ending of your blog too.   Steemit indeed is slowly becoming a rage.  I have been away a bit from Steemit and it was a pleasure to see your blog after a while.  I have not had the pleasure to interact with you through comments on blogs like I used to couple of months ago.  I request you to see my blogs and provide feedback too whenever you have some free time. Thanks

Regards,
[![vm2904](https://steemitimages.com/DQmX7Azwc4E2dj92DqHKKdiRw96gRsgaUuo7STWPGJNDw23/image.png)](https://steemit.com/@vm2904)

👍 kevinwong

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@kevinwong · Sep 14 '17

Not saying there's anything wrong with regulation, but the problems comes when it's something as large as a nationwide regulation, which doesn't make much sense to me. I think regulations for smaller jurisdictions, working like "house rules" makes much ebtter sense.

properties (22)

@vm2904 · Sep 14 '17 (edited)

I agree.  It is very hard to gauge what a large sized population sample  needs and hence it is that much more easier to get waylaid with biased opinions and views.    It is also harder to transparently demonstrate cause and effect of regulations.

properties (22)

@steemitguide · Sep 14 '17

$0.51

Steem Price is bound to increase as more Users join it's platform! It's already out there, as we speak there is someone out there considering to join. Just like Airbnb, growth is slow at first but once Steemit goes mainstream! Steem will not make the same moves as Bitcoin except for it being on it's own Space Shuttle on the way to the Moon

👍 kevinwong, steemitguide, mycryptomark, crypto.hype

properties (23)vote details (4)

@tylerdourden · Sep 14 '17

Great post!!

properties (22)

@rayfa · Sep 14 '17

$0.35

thank you @kevinwong, for sharing emerging issues about ICO, bitcoin and cryptocurrency. there are fears that blockchain technology will ease terrorist and drug dealers transactions . I believe the inventor of blockchain technology is currently looking for ways to retain what they have built and have brought benefit for the users. Jamie was too worried and say that people who participated in the transaction were stupid, he would fire his employees who bought bitcoin, but he also admitted that his daughter also bought bitcoin. Hopefully he does not fire his daughter either :)

👍 kevinwong

properties (23)vote details (1)

@kevinwong · Sep 14 '17

I think the normal channels are receiving more funds for "illicit" transactions.. and decentralisation would pretty much render terrorism ineffective (not now, but sometime in the future). The inventor of bitcoin is anonymous, nobody knows where he/she/they went :)

properties (22)

@rayfa · Sep 14 '17

Yes.. the inventors are unknown, but the technologies are present because of many smart ideas and like you said.. the ideas never die. The Austrian economy see the economy as social process, although the concept of balance is very useful but the economy tend to not find balance so that it should be focuse in dinamic process

properties (22)

@munawar1235 · Sep 14 '17

cryptocurrency is future Mr.  Jamie. adopt it.
Nice post @kevinwong

👍 munawar1235

properties (23)vote details (1)

@progressivechef · Sep 14 '17

I'm sure he must have a lot of bitcoins too, heavily invested in them as many more politicians! They are just playing the game of lie as usual!

properties (22)

@afaqahmadcheema · Sep 14 '17

If you guys want big profits buy bitcoin and follow me for further news, big guys are buyinghttps://steemit.com/bitcoin/@afaqahmadcheema/buy-bitcoin

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@agnessejanot · Sep 14 '17

@kevinwong Great day I value all the info and labor thank you :).

properties (22)

@faisalking · Sep 14 '17

Some entrepreneurs in Indonesia also make payment transactions using bitcoin which is considered as digital money in the future that is assumed its value will be able to soar.

properties (22)

@rabo · Sep 14 '17

This post is my inspiration 
Thanks u very much  @kevinwong 
Ur my inspiration @rabo

properties (22)

@teamhumble · Sep 14 '17

$1.44

regulation too me feels like a dirty word now, like a middleman trying to flog you his stuff because his business neighbour is doing well, i've found governments always want to tax or regulate something they don't understand, if they see money signs and they are not CUT in they wrap it up in 'regulation' - for me it's a belief in the value of what a crypto currency can do, you can put whatever value on it you want for me, i just want the ability to use the process to exchange value.

i'm not a trader i'm not interested in bitcoin being 5k/10k (or more) i'm not in it to make a buck, i'm interested in a better, open, cheaper (eventually) digital currency that works better than what's currently been out there for years. paypal needs to die, it's done, it's team and what they stand for is almost antique in internet years. we NEED an internet micro payments system, one for tipping, small exchanges, quick, cheap, to exchange value across the web, bitcoin (and also litecoin) are those for me right now. having steem come along was a real eye opener that blogging could be monitized as such, i loved that you got paid for involvement, sharing. any of the big boys like fb and reddit could have done but they did'nt. steemit did and it's been running, working. talk is cheap unless you actually demonstrate it working.

my opinion is that the governments of the world work on notion of things running unoptimized, it gives them a place for them to be wasteful and 'lose money' through the cracks, back handers, stupid money spent on stupid services with 'authorized downline companies' friends of friends that they can farm out work too. the idea of open, transparent scares them to death because if their world was exposed you would see a hive of poorly constructed tenders for projects and absolutely unbelievable costings, we have too many 'grey suits' in the positions of power fleecing the system and playing the game. they won't let the new talent in. call it ego, generational, whatever it is, that's what we are fighting against. i worked for a local government as a computer operator for over 8 years and i can tell you, it's a shit storm in there.

bottom line is the idea is out there now and like some of my favorite scenes in V for Vendette, you simply cannot stop an idea, it's obvious that the world has a requirements for a crypto/digital currency, if it's not bitcoin it will be something else, we will alway have an underlayer to any technology that the system, the man or the 'normal's decide to build - on every coin there is another face. .

👍 kevinwong, teamhumble, kaizencrrr

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@kevinwong · Sep 17 '17

Yeah inflation kinda makes budgeting lazy and ineffective since people can just print to no end.. well i personally think the two worlds will come to meet in the middle, although I can't visualise how things will be in that sense..

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@jeannababara · Sep 14 '17

@kevinwong Wow, that is certainly so wonderful. I'm quite grateful for that! Find it irresistible..

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@phash · Sep 14 '17

$0.26

Hey kevinwong,
i appreciate your thoughts - sure, you can always debate over the worth of money - no matter which one - in times of war and deep crisis, everything, not needed for pure survival is worthless.
In 2nd WW people traded their jewelry, paintings and even houses for some food or fuel - after the war, these things got their pre-war-value back, but they only work out of crisis.

👍 kevinwong

properties (23)vote details (1)

@kevinwong · Sep 14 '17

During crisis, best be able to be function without money :) learn everything and take up some survival skills.

properties (22)

@rafine · Sep 14 '17

$0.08

You wrote that the other currencies are becoming crapcoins. This is my feeling, too. Thanks for the article.

👍 rafine

properties (23)vote details (1)

@jedau · Sep 14 '17

$0.26

Why wait until 2020? I'm hoping we see that headline in 2018 hahaha! When that time comes, even today's minnows could be at least dolphins haha!

👍 kevinwong

properties (23)vote details (1)

@kevinwong · Sep 17 '17

I like to be conservative with my estimates lol..

properties (22)

@cityslicker · Sep 14 '17

seriously how he can say that if jamie can't make it he fake it lol

properties (22)

@alexkoshy · Sep 14 '17 (edited)

<b>Yeah!! He said that and he got slammed too by McAfee!</b> But seriously I cant digest the fact that the govts are not going to win, somewhere it is right too! At this moment, yeah honestly we cant say anything but I read and shared an <b>[article](https://steemit.com/bitcoin/@alexkoshy/dimon-s-statement-slammed-by-john-mcafee-and-another-finance-expert-says-bitcoin-will-collapse)</b> where I have mentioned about a person of extensive caliber says too that these digi-currencies are goin to collapse! Lord Knows!
![Steem Signature - Copy.jpg](https://steemitimages.com/DQmdPiL5K6uSZNo5ERormWzSKDPWRKrAbJktM31HKUNaTaz/Steem%20Signature%20-%20Copy.jpg)

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@singapasee · Sep 14 '17

@kevinwong......

properties (22)

@eolandananni · Sep 14 '17

@kevinwong Thanks for sharing your activities with finding up and jogging. The 1st yrs tend to be the hardest. We are at our for six yrs non-halt.Carry on Performing at it. Perseverance and exertions tend to be the keys to results.

👎 kevinwong

properties (23)vote details (1)

@wrayca · Sep 14 '17

@kevinwong thnx for putting this information all with each other..

properties (22)

@bitgeek · Sep 14 '17

comment

Congratulations @kevinwongr, this post is the second most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 6 and the total pending payments to posts in these categories was 488.11. To see the full list of highest paid posts across all accounts categories, [click here](www.steemit.com/steemit/@bitgeek/payout-stats-report-for-14th-september-2017--part-ii). If you do not wish to receive these messages in future, please reply stop to this comment.

properties (22)

@cryptopop · Sep 14 '17

They just want us to use their germy expensive paper money! Crypto was like a small leak they Ignored until now that it is about to become a raging flood.

properties (22)

@valenesiana · Sep 14 '17

@kevinwong I like your submit. I have followed you.

properties (22)

@blazing · Sep 14 '17

$0.08

and after this the market is in completely red situation :(

👍 kevinwong

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@kevinwong · Sep 16 '17

hope you didn't sell :p

👍 blazing

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@blazing · Sep 16 '17

hahha i didn't sell them i am smart ;)

properties (22)

@oguz · Sep 14 '17

@kevinwong What a wonderful and heartwarming Tale..

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@danker · Sep 14 '17

$0.42

I've read everything but this seems more questions than answers (well I know no one can tel for sure). The only thing I found so funny is that when I used to trade earlier, the currency would be different, some up and some down and you could play it. With the latest developments, new to me, feels exciting at all prices, since all major currencies are down almost as much as the percentage, and when they start climbing a bit, they all do it at the same time and almost for the same value. . Looks like you are the one who asks: maybe the cause of such synchronized movements? "Because no one else has not proved successful, no triangles, or Fibonacci has sense and the currency just acts weird and chaotic @kevinwong

👍 kevinwong, danker

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@kevinwong · Sep 17 '17

Oh that phenomenon is mainly because that most cryptos have their values paired with BTC..

👍 danker

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@halcyondaze · Sep 15 '17

$0.42

Fantastic piece @kevinwong. I recently read _Sapiens_ by Yuval Noah Harari. One of the pieces that stuck out to me most in it was the fact that what makes us humans special is our ability to believe in fictions.

So what if Bitcoing is "not a real thing." 

Neither is:

* Religion
* The idea of a "company" 
* Fiat currency
* And so on...

The fact that we _believe_ something is valuable, exists, or is a "thing", _makes it so_. This goes for all types of things in our society, including both fiat and cryptocurrencies. That's why what Jamie said is nonsensical.

👍 kevinwong

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@kevinwong · Sep 17 '17

Yeap that's a book I've read recently as well , although I watched that ted talk last year I think. Intrinsic value and subjective value have always been debated to no end.. but I'm more to the subjective valuation side, since what's intrinsic is also a subjective thing.. we're just putting some numbers on them.

properties (22)

@halcyondaze · Sep 17 '17

Well put - thanks for the response Kevin. Digging into your writing and enjoying it quite a bit so far!

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@ucsdsu · Sep 15 '17

$0.34

@kevinwong --- I knew you were legit as soon as you dropped a quote by Taleb. Crypto reminds me of his book Antifragile, where when the world starts trying to resist, it only gets stronger. Also, this reminds me of the Sapiens book where the author talks about our lives being directed by myths (money, religion, beliefs, etc). I see no fundamental difference between the whole world believing in the value of paper tied to governments that come and go throughout time and that of crypto. Thanks for sharing your thoughts! I look forward to more posts like this from you. Cheers!

👍 kevinwong

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@happyphoenix · Sep 15 '17

$0.51

"The project is open-sourced and its supply regulated by the Bitcoin protocol. Yes, cryptocurrencies are in fact, self-regulated entities. The code ensures predictability and transparency. ". That  why Bitcoin is called a modern smart contract. I have read a little bit about Nick Szabo article (Smart Contract).  Bitcoin is beyond from cryptocurrency but inside Bitcoin we will find many aspect, just like Nick Szabo mentioned in his article. Nice :)

👍 kevinwong

properties (23)vote details (1)

@ehiboss · Sep 15 '17

$0.33

The value of decentralization is that one dude in a suit somewhere does not get to decide the price that suits him, it is regulated by an independent system which promotes transparency.

👍 kevinwong

properties (23)vote details (1)

@kevinwong · Sep 15 '17

Well said @ehiboss :)

properties (22)

@minnowbooster · Sep 15 '17

@minnowbooster upvoted this post!

![@ehiboss got you a $1.79 @minnowbooster upgoat, nice!](http://minnowshares.net/upgoat/?user=ehiboss&receiver=kevinwong&value=1.79&hash=625)
*@ehiboss got you a $1.79 @minnowbooster upgoat, nice! (Image: pixabay.com)*
---
[Want a boost? Click here to read more!](https://steemit.com/minnowbooster/@minnowbooster/6rt2mn-introducing-minnowbooster-beta)

properties (22)

@steemitboard · Sep 15 '17

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properties (22)

@himshweta · Sep 15 '17

$0.04

<center>**My heartbeat went up, when bitcoin went down,
these news were holding me back in doubt,
But now my confidence on these is regaining hold,
Thanks for retrieving our trust back in our  digital gold !!**</center>

👍 himshweta, xyzashu

properties (23)vote details (2)

@joe007 · Sep 15 '17

Jealousy makes you nasty

properties (22)

@rusticman1 · Sep 15 '17

$0.28

When I hear bankers yelling scam.  I know that something is upsetting the apple cart and I should investigate this disruption.  Bitcoin is here to stay and I'm glad it's on sale again for me to buy more.

👍 good-karma, rusticman1, esteemapp, feruz, meysam, konti, bounties, steempoll, demo, tipping, mididouze, mysteem

properties (23)vote details (12)

@joanstewart · Sep 15 '17

$0.02

What did we learn from space technology if we are not going to use the knowledge gained. Satelite technology has moved more than one new invention.

Suggest narrow-minded people should throw away their cellphones, get rid of their computers and move back to the dark ages.

Change in Fintech is way overdue and the best move made has been bitcoin. The blockchain technology is still open to so many new inventions I don't even think one can start to consider what more it will be used for.

Have an awesome weekend @kevinwong you have got a community talking.

👍 teamsouthafrica

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@soulhiker · Sep 15 '17

$0.41

Great opinion piece @kevinwong - I'm not sure whether Dimon is ignorant or clueless to be honest. He is using one of the oldest and best known tools to fight off the threat of positive change, innovation and revolution: Fear. And he succeeded in leaving a dent using that tools....at least temporarily. The markets have dropped yes but what people like Dimon are probably ignorant about is another a conceptually new threat beside change - resilience through interconnectivity and decentralisation. The markets will drop, yes, the people will run away with their money for a while but you cannot scare people off forever. What they are truly ignorant of is that decentralised, self-regulating (or self-organising) systems is the way the universe works. Dimon's old world system and way of thinking is the real natural fraud.

👍 kevinwong

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@kevinwong · Sep 17 '17

So it looks like he's not both ignorant and clueless, seeing that JPM bought the dip after calling bitcoin a fraud. Well these guys should know what they're talking about..

properties (22)

@soulhiker · Sep 19 '17

Yes agree @kevinwong naturally it was all orchestrated. So let me correct what I said before differently: "They are fully conscious that the inevitable new world is decentralised and they are using every dirty trick from the 'old world' to get a slice of it"

properties (22)

@paps · Sep 15 '17

$0.24

That's really interesting, I was on bitcoin side for a long time but recently and mainly because of Ari Sharif, I feel like the bitcoin is really not backed by anything. The bitcoin value is totally psychological and based on the belief it will replace money one day. At the beginning, the dollar was backed by gold and now the system is just too attached to it. I hope the system of social networking will be one with steem so it will stay valuable ^^

Please check [my new post](https://steemit.com/life/@paps/rapport-how-to-get-in-sync-with-other-people), I think you will like it!
@paps

👍 kevinwong

properties (23)vote details (1)

@kevinwong · Sep 17 '17

It's all about belief and hodling..

properties (22)

@beulahlandeu · Sep 15 '17

People die, but examples never die! People die, but ideas never die! And here we are ready to water our ideas with our blood. great post, upvoted. check my post and upvote  https://steemit.com/philosophy/@beulahlandeu/philosopher-we-are-not-responsible-for-our-own-health

👍 beulahlandeu

properties (23)vote details (1)

@jawadovic · Sep 16 '17

"No one can stop bitcoin" said bill gates.

properties (22)

@kiaazad · Sep 16 '17

$0.24

even if they destroy internet to stop crypto currencies we will still exchange them with Bluetooth, notes and smoke signals...

👍 kevinwong

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@kevinwong · Sep 17 '17 (edited)

lol manual ledger entries following crypto's protocol? seems like its possible, and slow.. i still haven't got to thinking about that :)

properties (22)

@cryptopie · Sep 16 '17

$0.32

I see BTC price either if t goes up or down really is still excellent, it makes a good time to buy and sell in the market. It is what is important for me.
Steemit BTW is starting to get even better as many people will eventually find its power in their daily lives.

👍 kevinwong

properties (23)vote details (1)

@kevinwong · Sep 17 '17

$0.03

Hopefully we'll see Steem doing its thing by end year. I still think the lower capital risk for Steem users are a bit of a tougher sell compared to Bitcoin's higher capital risk entry. There needs to be a culture of entrepreneurship and investment for any platforms like this to succeed, imo.

👍 cryptopie

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@positivesteem · Sep 16 '17

$0.34

Banks and Government fear crypto because being decentralized, they are not able to control and regulate crypto.  Just want to thank you for being an active follower and this is my shout out.
  [Newbie Nuggets: Using Spectacles To Enhance Engagement With My Followers](https://steemit.com/steemit/@positivesteem/newbie-nugget-using-spectacles-to-enhance-engagement-with-my-followers)

👍 kevinwong, positivesteem

properties (23)vote details (2)

@njelsteem · Sep 16 '17

in as much as i am new to at steemit, i really love the idea and the platform. I also love your  ending style

properties (22)

@world-travel-pro · Sep 16 '17

$0.47

Hi Kevin. I've seen you on here since I've joined four month's ago. I've been reading your posts and you've been giving me an education in all things crypto currency. I've been an invester for years, but have stuck to commodities, gold, silver, stocks...traditional stuff. Now I own STEEM! and Bit-Coin!

I consider you a real pro analyst, so I need to ask you.....What do you think the longer term consequences will be now that the Chinese Government is cracking down on the use of bitcoin? 

Thanks for doing all that you do on here! -Dan "World Travel Pro!"

👍 kevinwong, kaizencrrr

properties (23)vote details (2)

@kevinwong · Sep 17 '17 (edited)

Hey thanks for writing in! Hmm not a pro lol I just happen to be slightly more vocal on the matter. I'd say there's nothing that will stop this.. total moon on the long run. The problem is which coin? I personally don't buy and hold more bitcoin. Steem seems most interesting to me atm..

👍 kaizencrrr

properties (23)vote details (1)

@kaizencrrr · Sep 17 '17

I'm talking about the great future of Bitcoin, and at the same time I have everything invested in other assets, but nothing in Bitcoin. Does that make me an hypocrite?
When I speak about Bitcoin I'm basically speaking having in mind every legitimate project that we have, since they seem to be coupled to Bitcoin's movement. But when they will start to decouple, and take a life of their own, then I think that there is a probability that Bitcoin will loose it's first mover advantage.
Since discovering Steemit, I also came to the conclusion that Steem Power is the best investment you could make in crypto. No Steem, no steem dollars, but Steem Power, Steem Power, and again Steem Power. I won't tell you why I believe that. But I would love to hear your opinion on this subject.
Thank you in advance for your time!

properties (22)

2 replies

@world-travel-pro · Sep 18 '17

Thanks for the insight.  Sorry I haven't gotten back to sooner. I met a Korean Girl the other day here in Vang Vieng Laos. We ended up getting lost in a cave together! lol

I would have to disagree with you. You are all pro in the crypto world! and I like how you're vocal. You have something to say! Compared to folks like myself, I'm clueless, I didn't even know there were other coins, until I found steemit 4 month's ago. If knew crypto currencies like I know travel....I'd be a millionaire! lol Have a great day. -Dan "World Travel Pro!"

properties (22)

@rebeccabe · Sep 16 '17

They are trying to scare the sheep from thinking of leaving the pasture where they are easily sheared.  Enjoyed your post. :) @kevinwong

properties (22)

@malos10 · Sep 16 '17

If the government and the high banking elites have no way to slow bitcoin because it is a virtual currency, something that does not exist

  then they will look for alternatives, one of them is the 3rd world war, where the internet and communications could be affected, perfect for those who comben continue in the world elite

properties (22)

@happyphoenix · Sep 17 '17

" Bitcoin is the first coming together of idea, money, politics, and technology all wrapped into an automated trust protocol." Yes, that is why Nick Szabo called it as smart contract. He also predicted that, it will give a contribution to the future about how synchronization between technology, social and law.  Nice :)

properties (22)

@essalucina · Sep 17 '17

@kevinwong Thank you for the function, I invite you to evaluate my function..

👎 kevinwong

properties (23)vote details (1)

@kaizencrrr · Sep 17 '17

*Bitcoin's price can go to zero and it's still not a fraud* - couldn't agree more with that.
Also I have a document where I store little ideas, and phrases that simply cut through me. I hope you don't mine me borrowing this little phrase: *Who's going to regulate the regulator?*
Thank you for this great read!

properties (22)

@cecirod1218 · Sep 20 '17

$0.39

Loved your post I have bitcoin and bcc and I'm making money is all I know and its going well I believe it's the wave of the future and also steemit, thanks for the information I always need to learn all I can and see all sides of it, have a beautiful Wednesday🌺

👍 kevinwong

properties (23)vote details (1)

@kevinwong · Sep 21 '17

Thanks for dropping by . As long as its disposable income, just hold on and enjoy the ride :)

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