I think bitcoin became a scam not by purpose. see, these days people on social media just tell you to buy it, because it's a currency and its price will go up. but what makes bitcoin a currency? its community? but most of its community just bought it as an investment, not as a currency - as an asset. it's like a pyramid scheme.
Bitcoin does bring some good things to the world, where free (as in freedom
) digital money is inaccessible, but to the western world, what it brings? gambling? crime? mostly. some will argue privacy, but what exactly is private about bitcoin?
It also grows exponentially in terms of energy and resources needed to operate it, which is a total waste.
Some will argue it's a "new kind of global currency". but again, most bitcoin users don't use it for daily transactions. you might say, how do I know that? simple - because all the data on the blockchain is completely public.
And it's overpriced.
Leave your comments.
Bitcoin does bring some good things to the world, where free (as in freedom
) digital money is inaccessible, but to the western world, what it brings? gambling? crime? mostly. some will argue privacy, but what exactly is private about bitcoin?It also grows exponentially in terms of energy and resources needed to operate it, which is a total waste.
Some will argue it's a "new kind of global currency". but again, most bitcoin users don't use it for daily transactions. you might say, how do I know that? simple - because all the data on the blockchain is completely public.
And it's overpriced.
Leave your comments.
When you want to talk about something, don't be bias. Makes sure you stress through the both side if you think there is something bad about something. Scam didn't start with Bitcoin, it start with the conventional currencies, gambling didn't start with Bitcoin, it started with your fiat currency. What Bitcoin is doing is it's trying to make a better world where things will be more easy and accessible for people that doesn't have privilege like you do that's why you are saying all these about Bitcoin.
Bitcoin helps the people to send value without any middle person and it's censorship resistance, privacy to some level. The gambling you are taking about, it's also helping you facilitate transaction so you don't have to go and buy dollar card just to gamble in one global casino that has your favourite games. Tell me what exactly is wrong in Bitcoin, the excuses that you gave are just water statement, the scams and fraud that is happening in the fiat ecosystem is beyond the government control, that's why you see them arresting scammers and fraudsters every day, all are link to their traditional banks.