- Joined
- Jan 8, 2021
- Messages
- 194
So this is the true fanboy response. You're exactly the person Tucker is laughing at. C'mon, the whole point to bitcoin was anonymous transactions when it originally came out. That was it's #1 appeal. Not "decentralization". When it first came out nobody was even saying the word "decentralization". They were using it like crazy on Silk Road, which is what gave it it's initial value. That was the business spin that was later applied to it after Silk Road went down. BTC is no longer anonymous. It's traceable. At that point you may as well make it a debit card (Which they do now lol).
You know what Silk Road was run on? Tor. Guess who invented Tor? Yup, as Easy E would say, hail to the n*ggas from C I A. Every OG hacker on the internet back then knew BTC came from the same place, but at the time, it was truly anonymous, so it served it's purpose.
Tor (network) - Wikipedia
en.wikipedia.org
Saying BTC isn't "centralized" is like saying every fucking Tor exit node on the internet isn't run by the Feds, which 90% of them are. Why do you think the VPN business took off? LOL.
I mean, anyone who has done a 5 second google search on BTC knows this - https://www.wired.com/story/27-year-old-codebreaker-busted-myth-bitcoins-anonymity/
By definition, any crypto that is truly anonymous is far more "decentralized" than a traceable currency such as BTC. Use that critical thinking noggin, if you even have that ability.
Right now you're probably listening to CNN eating everything up at face value with that line of thought.
Now excuse me while I listen to some Easy E
it’s Sat and I am not going to go all in with the back and forth rebuttals (plus no energy for that, as we’re on the same side and I don’t watch CNN or Foxnews), so I’ll agree to disagree.
But..the "Bitcoin was just for Silk Road" take is not even half the story. Bitcoin’s main appeal was never just anonymity—it was decentralization from day one. The whole point was avoiding centralized banks, not just making shady deals in dark corners of the internet.
We get it, TOR’s got CIA origins, but connecting that to Bitcoin’s creation is like saying AOL and Facebook are basically the same because they both use the internet. And yeah, Bitcoin isn’t as anonymous anymore (because of 3rd party exchanges), but calling it a debit card? That’s like saying your car is useless because it has license plates.
In the Bitcoin Whitepaper, it clearly states every transaction will be public on a ledger (which is needed for trust and proof of work), however, the identity of the peer to peer owners of the transactions are completely anonymous as long as you hold your own keys. If you’re storing your BTC on a 3rd party exchange, well then you have counter party risk and have exposure to being debased.
BTC is an asset that provides a storage of wealth, as simple as that. It comes with global increasing demand, and a finite supply of 21m. It will only increase your value over time (+25% CAGR conservatively over the next 20 years), while everything else will lose value against it.
