Bitcoiners tend to have a defined vision for Bitcoin's future in their minds, but that vision can certainly vary. While there probably are elements of truth in everyone's perspective on Bitcoin's future, I don't think it's unfair to say that NONE of us have any clue what the future will really look like.
So in the case of Bitcoin's timeline: what's the unexpected outcome for Bitcoin, that most aren't considering?
The U.S. embraces it as a commodity like oil in the 1970s with the understanding that it will be priced in dollars, to try to keep their fiat ponzi scheme going. Gold to oil to bitcoin. Hey, you did say unexpected.
😅 I did didn’t I
All fiat currencies die tomorrow, instantly plunging the world onto a bitcoin standard. Bitcoiners takeover the government......and destroy it, leaving only the constitution of Satoshi in their wake. The super wealthy become the super confused, the disenfranchised get franchised.....and peace wins out over war.
If all fiat collapsed tomorrow, we’d most certainly have war first 😅
My Plan A is this - self sufficiency
Bitcoin is my Plan B. Is the secret weapon.
Plan A is not affected in any way by Plan B and Plan B is not affected by Plan A. But both could work very well together.
Blackrock gains a market share of bitcoin, then invests heavily in centralizing mining, which then becomes ofac-compliant and only process kyc'd exchange transactions.
Non exchange transactions have a chance of being processed by independent miners, but their odds are so small of mining a block by this point that basically all of bitcoin is now kyc-basis only.
This scenario is flawed and useless.
Then bitcoiners change the code and all blackrock is fucked.
Tell me how: what change could stop black rock from buying bitcoins? What code change could stop black rock from owning majority stakes in miners?
I would love examples as they carry more weight than grand statements
A simple fork that will invalidate all blackrock blocks and make them totally useless.
You still didn't understand the power of Bitcoin network, that is not driven just by a group of people, but by all of us involved...
https://imgprxy.stacker.news/2Ghm_odYYT_nUniXtRhge3WQoSA538oFaVkk9XJEwlM/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLnBvc3RpbWcuY2MvTVRqdGs4TVIvY2hhbmdlX2JpdGNvaW5fY29kZS5qcGc
Blackrock buying all the bitcoin would send the price to the moon. You're crazy if you think most of the network wouldn't want that.
We can restart a new fork banning BlackRock then. Majority of nodes win over miners.
Black rock uses VPN, unknown addresses, different shell companies, efforts thwarted. Banning black rock is also against the ethos of bitcoin - it is censoring the network.
Under this scenario black rock would own the majority of miners, meaning any new fork would need to have an entirely new mining infrastructure in order to work.
Centralized mining is the biggest fault and flaw of bitcoin today
please point us to evidence of bitcoin mining being centralized
I would love examples as they carry more weight than grand statements
From the info here, it looks like the top 5 miners control > 51% of the network
https://mempool.space/graphs/mining/pools
Correct me if I am wrong
Members of the pools can move to another pool or to new pools in an instant if needed. We would need to know the internal pool distribution of hash power. If almost all the power of the pools comes from one miner, then it can be a problem. But these miners are not interested in 51% attacks because they would destroy themselves.
Those are pools, so they’re made up of individual miners.
If any of the pools misbehave, there’s nothing stopping miners there from unplugging and moving their hash somewhere else
See what happened here with OKEx
You're right that predicting the future of Bitcoin with absolute certainty is impossible. However, one unexpected outcome that many might not be considering is a significant regulatory shift. Governments around the world could enact strict regulations or even outright bans on Bitcoin, which could have a substantial impact on its adoption and use. But the opposite might be occurring infront of our eyes; institution adoption. Additionally, advancements in quantum computing could potentially threaten the security of Bitcoin's blockchain, leading to unforeseen challenges. While Bitcoin's future is often discussed in terms of price and adoption, these regulatory and technological factors can play a crucial role in shaping its path.
Regardless â‚¿ will come out prosperous
deleted by author
Did you just copy paste my signature statement?
deleted by author
Tesla sells its BTC?
irrelevant, and they've already sold multiple times
Microstrategy sells?
Maybe that would be a good thing
The US gov has been stacking sats in secret and has a huge stash. Adopts bitcoin as a currency and unit of account.
the us gov does have a huge stash, and they're selling it 🤣
LOL. Oh yeah. I forget they have confiscated some. Not sure how much. But... It wouldn't be unlike them to have one agency selling and another buying. You asked for this...
Lol if Plan B's S2F model just turns out to be stupidly accurate
the cope would be unreal
unexpected outcome for Bitcoin: people realize its a deep state tool used to surpass centralized control and money stops to be injected on the blockchain :p
deleted by author
You win!
i'd have to sell it all in this doomsday scenario
deleted by author
Fun joke, but kind of impossible scenario.
Shitcoins cannot exist without Bitcoin.
If Bitcoin fails, all the rest fails.
Then we need to dress like this
https://imgprxy.stacker.news/qhzpBI-to2N2qPHPefR3oMJIys8qjYxgG-uYla1Bib4/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLnBvc3RpbWcuY2MvVzM2TFNNSzMvbWFkLW1heC1jb3N0dW1lcy5qcGc
We are all gonna die, this is not a joke
https://imgprxy.stacker.news/SBztqy_vN3oQCeWDJrAmKgpyq1kQjEXWrZio3IpoLvQ/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLnBvc3RpbWcuY2MvTDZGWThtOUgvd2UtYWxsLWdvbm5hLWRpZS5naWY
deleted by author
That's why bitcoiners have so much faith in Bitcoin. Because ... will be a scenario like
https://imgprxy.stacker.news/sWb_e8zRo-whzATP9aoP6yngtDk_C-zH7n44QVFnzl0/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLnBvc3RpbWcuY2MvdkhGY2tSMWYvYml0Y29pbi1vci1ub3RoaW5nLmpwZw
IT IS THE ONLY WAY TO GO FORWARD
deleted by author
lmao
deleted by author
Lol Satoshi was a three-way including CW because CW makes spelling mistakes and Satoshi made one spelling mistake?
Lmfao
deleted by author
...to Binance to prop up BNB
lol
deleted by author
deleted by author
you almost got the agency right.