"I think deflationary system is not a problem. It prevents wasting money for unwanted plastic stuff. It can make people more safe money than wasting it for stupid things." ...Tyler Durden - Fight Club
Besides that this is quite an interesting view on things. Those things mentioned are in some cases true just yet. I went for my bittrex account which I hadn't done since half a year or so and it was disabled. They need "verification". You will be totally traceable after that if you use those exchanges. Well, this is even better for gouvernments and banks, because they can trace all your financial behaviour, but not only once, but if they like they can read it out in the ever lasting blockchain. So the use of blockchain is not anonymus, it's the opposite that way.
What I fear mostly is, that someone programmed a reverse in the mechanism. I am not too good in cryptographic stuff to oversee it all. If there is anyone, please tell me.
Perhaps something not inherent to the code itself, but something I never may have thought about. Then this private and free monetary system bitcoin will fail after having much PR and they will come up with a institutional bankster coin regulated by the gov and this then will be the biblical mark of the beast. By the way I am hosting a new music contest :D
Thank you, as I know, hashing algorithm SHA-256used by Bitcoin is very robust and not easy to break those days. I think if there will be some issues in the future, some fork of the code might occure, which will move Bitcoin to some higher level of security, like SHA-512 or some. So I am not worried about this anymore.
Thank for your comment anyways!
Heh, funny part with the Fight Club, yeah there was something like that - with "the fu..ing big television" 😄