Post
Topic
Board Bitcoin Discussion
Re: The biggest challenge facing Bitcoin (and all cryptocurrency) this year
by
HabBear
on 27/01/2020, 18:22:50 UTC
Of course centralized altcoins are garbage, and can be made to submit to whatever goverments wish. Bitcoin is immune to that, it doesn't need no one's approval, it simply is, and exists.

You see Bitcoin doesn't care if the politicians approve it, therefore is more valuable.

With respect, i feel your comments are ignoring important parts of our history and what we need to succeed. Bitcoin isn't immune to anything. The people that don't own Bitcoin will often respond with "oh, is bitcoin still a thing?" when asked about it. That's a huge problem. The majority of the public don't see any need for bitcoin (because they don't understand how bad the system is that exists).

If Government and Facebook start touting their Digital Currencies it'll take all of one news cycle for most of the developed world to think: "Oh, finally, the people that we trust have figured out this bitcoin thing so we can use it!"

That's the level of naivety we're dealing with here and it literally will make or break the future of Bitcoin.