# Why didnt u sell on top? 📉 **URL:** \ **Category:** Out Of Pod Experience\ **Created:** [January 15, 2021, 6:40pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275 "2021-01-15T18:40:32Z")\ **Posts on this page:** 20\ **Page:** 59
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [June 26, 2021, 9:29am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1424 "2021-06-26T09:29:18Z")
> [@Nana\_Skalski](#): > > It does. Those are security complaints on a very very high level and they are being addressed by the developers already. The only real issue with Lightning is the always online part and that it requires a hot-wallet, which may be a security concern. But those are operational issues and not issues concerning the security of the network. For a regular end-user Lightning isn’t something where you have your whole wealth stored, think of it more like a debit card where you have the money for buying daily stuff like coffee and lunch. You can always loop funds in and out from cold storage [Loop](https://lightning.engineering/loop/) For a bank or financial institution connecting to the Lightning Network, the use-case is different, they may have big payment routing nodes. But they have also more resources to secure and monitor them. > [@Nana\_Skalski](#): > > Everything that will make it faster and cheaper, will sacrifice security. That is generally the case with a blockchain yes. That is why most of the other crypto project that promise fast and cheap transactions are just lying about the trade-offs they take. Lightning Network doesn’t use a blockchain for transactions, only to establish payment channels. > [@Nana\_Skalski](#): > > And volatility makes it less usefull than traditional dollar. Bitcon has found its use already. It has many use cases. Currency isn’t one that is currently very viable because of the volatility, granted. It will in the future though. But the use case as a global cheap, permission-less, trust-less fast monetary network is absolutely viable today and is being adopted by companies and as you can see whole countries already. ---
**Author:** ![Lucas\_Kell](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/lucas_kell/32/393556_2.png) [@Lucas\_Kell](https://forums.eveonline.com/u/Lucas_Kell)\ **Post date:** [June 27, 2021, 10:11am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1425 "2021-06-27T10:11:30Z")
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**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [June 30, 2021, 10:04am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1426 "2021-06-30T10:04:08Z")
> **[Bitcoin billionaire Mircea Popescu drowned in Costa Rica: Report](https://www.cnbctv18.com/obituary/bitcoin-billionaire-mircea-popescu-drowned-in-costa-rica-report-9816341.htm)** > > The Bitcoin blogger is believed to have owned $1 billion (about Rs 7,428 crore) worth of the cryptocurrency. The Bitcoin he held could be lost if the billionaire had not given access to his wallet to anyone else. Get latest Cryptocurrency online at... What if all his Bitcons are lost? Bullish? ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [June 30, 2021, 10:31am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1427 "2021-06-30T10:31:05Z")
I would guess if you have that amount you made sure it stays accessible. There are various ways to do that. For example with multisig wallets, where you need M out of N keys to access the funds. Then you can make sure your beneficiaries get access to those keys without the individuals or institutions where you deposited those individual keys having access to the funds themselves. But if they are lost, that’s about 0.1% of the total supply that will ever exist. That’s certanly not not Bullish. ---
**Author:** ![Lucas\_Kell](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/lucas_kell/32/393556_2.png) [@Lucas\_Kell](https://forums.eveonline.com/u/Lucas_Kell)\ **Post date:** [June 30, 2021, 1:27pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1428 "2021-06-30T13:27:49Z")
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**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [July 9, 2021, 6:11pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1429 "2021-07-09T18:11:37Z")
Just some info from the horses mouth about where the legacy financial system sees the future: total control over your money [![](https://global.discourse-cdn.com/eveonline/original/4X/f/8/5/f852491c717bb3fd5218f24b5e5e2fc10e4c8421.jpeg "Bank for International Settlements head Agustin Carstens about CBDC and control") ](https://www.youtube.com/watch?v=rpNnTuK5JJU) If that doesn’t make you question if you are on the right side of history if you still defend that system then you are probably a lost cause. ---
**Author:** ![Xeux](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/xeux/32/428022_2.png) [@Xeux](https://forums.eveonline.com/u/Xeux)\ **Post date:** [July 9, 2021, 10:10pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1431 "2021-07-09T22:10:42Z")
I’m confused. How is Bitcoin going to save us from the tyrants and the bankers, again? ---
**Author:** ![Iceacid\_Frostpacker](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/iceacid_frostpacker/32/505689_2.png) [@Iceacid\_Frostpacker](https://forums.eveonline.com/u/Iceacid_Frostpacker)\ **Post date:** [July 9, 2021, 11:54pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1432 "2021-07-09T23:54:59Z")
Cash have numbers that are recorded and that those codes can be tracked and linked to the person or company when withdrawn from the bank. Bitcoin records every transactions and stored on the blockchain forever. The problem with cash is that it could change many hands before those dollar bills are rescanned when returned to the bank. Bitcoin allows a person to send and receive efficiently and still record your id that is stored on the blockchain forever. For the central bank to generate their own digital currency means that the central bank becomes just another altcoin. where the mobs can speculate like what is happening with the price of Bitcoin. What the Central bank might do is enforce their own CB-Altcoin to be accepted by banks and at the same time force banks to no longer accept Bitcoin exchanged funds, That still won’t change the fact that Bitcoin is used to send and receive. It is plain and simple to view the process and agree it is just like putting a dollar bill inside an envelope and sending that via snail mail to someone across the world. Bitcoin is both faster and efficient way of sending and receiving. ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [July 10, 2021, 8:24am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1433 "2021-07-10T08:24:36Z")
Exactly. The main difference of Bitcoin to a CBDC that is also important here isn’t so much the anonymity or privacy (Bitcoin has it’s own issues there), but the control and ownership. With Bitcoin you are in control of your coins because you can store them on a wallet with your keys. You can even store this keys just in your head by remembering 12 words. With a CBDC you are not in control of your coins because it’s a centralized system. If the people in control have an issue with you, they can simply freez your funds. They are in full control of your money. With Bitcoin, no one can censor your transactions and no one can remove access to the system, because it is under no ones control. It’s completely decentralized. With a CBDC, they can and will censor transactions and exclude people from the system because they are in control. Make a donation to a political party the established gouvernment doesn’t like? Cancled! Outed as gay and the established gouvernment sees that as criminal? Access denied! With Bitcoin no one can change the rules of the monetary system. If you attempt that, all the tens of thousands of nodes would have to agree, which is nearly impossible, except it was for a change necessary for the system to continue functioning. Not even the developers can change it, it would not be accepted by the network (that is different for other coins that are not as decentralized as Bitcoin). With CBDC they can change it at a whim. ■■■■■■ up the budget with some stupid regulation? Print some money! Political friend in trouble? Print some money for him! People are not spending enought? Put a expiration date on their money! They can pretty much do whatever they want. It’s a system that is in complete control of a few. Some people obviously think that is fine, the gouvernment should have the control over that. I say it doesn’t. What we as a society use as means of exchange to transact with each other should be our own choice and under no ones control. It may all sound like a non issue and it might be for a while, until the time if someone gets in power where it becomes an issue. Just imagine the power of a CBDC in the hands of a fascist regime and what they could do with it. Imagine a CBDC in the hands of Hitler. How does “if you are not a criminal, you have nothing to hide” sound in that scenario? ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [July 11, 2021, 8:27am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1434 "2021-07-11T08:27:41Z")
It will not. Actually now people who you would describe as tyrants and generally evil people, are profiting of bitcoin. Its not capitalism or communism, its exploitation. Scammers, tyrants, manipulators, criminals, all they unite to profit off their victims or transfer funds used for malicious purposes, cryptos are a tool. ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [July 11, 2021, 9:33am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1435 "2021-07-11T09:33:34Z")
So is the internet right? Those kids only use them new tech to buy drugs. ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [July 11, 2021, 9:41am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1436 "2021-07-11T09:41:08Z")
Internets future is different than its past was. It will be strictly controlled space, with INTERPOL being hugely present there. ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [July 11, 2021, 9:49am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1437 "2021-07-11T09:49:41Z")
I don’t think so. But appart from if this will happen or not. Are you actually in favor of such fascists control? Do you pesonally feel like you have to completely give up your freedom and privacy just to be a little bit more secure? I’m not asking what you think will happen. You have shown quite often now that you expect the total big brother state. I ask what you actually want the future to look like. ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [July 11, 2021, 11:11am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1438 "2021-07-11T11:11:20Z")
> [@Karak\_Terrel](#): > > freedom and privacy When everyone knows about everything, there is nothing to hide. Control should come with public information. ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [July 11, 2021, 4:38pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1439 "2021-07-11T16:38:42Z")
You did not answer my question. Do you even have an opinion, or are you just throwing some dystopian visions onto the wall you picked up somewhere in an effort to sound intellectual? ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [July 11, 2021, 10:06pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1441 "2021-07-11T22:06:22Z")
> [@Lucas\_Kell](#): > > To be honest, the more people like you I meet the more I think further controls are needed. Extremists are a danger to others. I speak about valuing freedom and privacy and that makes me an extremist in your eyes? What does that make you? A fascist? ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [July 11, 2021, 10:31pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1443 "2021-07-11T22:31:40Z")
> [@Lucas\_Kell](#): > > You don’t just talk about freedom and privacy though But I do. Bitcoin is all about freedom and privacy. I can understand that the established fascists see this differently though. sad > [@Lucas\_Kell](#): > > that’s borderline terrorism. One man’s terrorist is another man’s freedom fighter ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [July 11, 2021, 10:32pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1444 "2021-07-11T22:32:39Z")
Fortunately there are people who will investigate crypto scams and expose it to wider audience. [![](https://global.discourse-cdn.com/eveonline/original/4X/e/2/e/e2e4d36125ee29775469f5585304538cdcb248f8.jpeg "This MASSIVE Influencer Scam Just Got Worse…") ](https://www.youtube.com/watch?v=Kv6ne6VQCZI) The truth must be known. About every crypto there is, and about people who profit off of it in many methods, many just evil. And some crypto enthusiasts consider bankers evil. 🤔 ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [July 11, 2021, 10:34pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1445 "2021-07-11T22:34:06Z")
Yeah, I already said that most crypto is a scam. Not sure if they are worse than bankers. Maybe, I’m not a fan of all those criminals honestly. You still did not answer my questions Nana. ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [July 11, 2021, 10:56pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1446 "2021-07-11T22:56:18Z")
Here is the guy behind the whole El Salvador thing. If you still don’t understand what this is all about, he is really really good at explaining it. [![](https://global.discourse-cdn.com/eveonline/original/4X/5/0/8/5088cc315f1b15a8c88c8b3f460b47e917271154.jpeg "El Salvador - The Whole Story with Jack Mallers") ](https://www.youtube.com/watch?v=yL6J56Jzvl0) [Previous page](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275.md?page=58) [Next page](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275.md?page=60)