How did this guy just formed the opinion in a 1000 words article that bitcoin is complete garbage? Kudos to his thought process. He has put minimal effort, no research on conveying to the readers why he thinks bitcoin is garbage. +1 for the volatility point, but it is a part of bitcoin, the price tends to fluctuate, but as the market cap increases, the prices would be much more stable,
https://www.buybitcoinworldwide.com/volatility-index/Have two actual uses: online gambling and money laundering. Neither is the heart of a major business model. But thats it.
Now bitcoin does serve these two purposes, but its entirely not the heart of its working model. Why would Japan legalize bitcoins if it were used only for gambling and money laundering. Why companies like Overstock, Microsoft, and Gyft and many other opt for bitcoin payment option if it were used for gambling and money laundering only.
Preposterous?
Absolutely.
