Blogger says Bitcoin must be ready to face an imminent attack

Last updated on May 25th, 2013 at 12:10 am

It’s just the perspective of a single man, but we think Bitcoin users must be ready for everything, so here it is. Paul Rosenberg, from the blog Free Man Perspective, guarantees  that Bitcoin “will be attacked for the simple reason that it is the anti-fiat currency”. In case you don’t know, fiat money’s value derives from government regulation or law, so anti-fiat means the exact opposite, which is practically the definition of Bitcoin.

The blogger wants to warn all the users about the  “powerful people” who “have their entire kingdoms built upon fiat currency and its central banking game” and are becoming worried about the growing power of cryptocurrency.

Because if a currency like Bitcoin “ever became dominant, no one could play games with the world’s money and skim from millions of people at once or run welfare states in defiance of economic reality”. So, what Paul Rosenberg wants to say is that a possible attack might come from where we least expect.

“The bankers do not want to lose their positions, and if they let this alternative currency take over, they will. So, they will have to attack. In fact, I am sure as I can be that they are doing it already“, he says in this post.

And what about advices that can be useful when this attack hits? Paul Rosenberg has a few: be prepared for it, prepare yourself and other Bitcoin users, always expect the worst, don’t rely on the Internet exchange platforms because they are as vulnerable as everybody else and don’t bet all your savings on Bitcoin, but rather diversify these investments.

Maria Santos

Maria is an experienced journalist currently living in the UK. She has been writing about Bitcoin and the altcoin universe since 2013. She is also a member of the Lifeboat Foundation's New Money Systems Board and a big cryptocurrency supporter.

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