Probably the biggest misconception about bitcoin is that it is a Ponzi scheme.
The purpose of a Ponzi scheme is to (unjustly) enrich the creator of the Ponzi.
As the creator of bitcoin Satoshi Nakamoto mined over a million bitcoins, but he or she has never sold even one bitcoin.
So how could it be a Ponzi scheme when the creator never even profited from it?
The idiots who keep making this accusation don't even know what a Ponzi scheme is.
However, the label of Ponzi scheme could certainly be applied to every altcoin that was ever made.
Because every shitcoin/altcoin creator have started their scam for the purpose of enriching themselves.
The second dumbest thing are the environmental attacks against bitcoin.
Funny how the idiots who make these attacks never say anything about environmental destruction of gold which is
a hundred times worse than bitcoin. Do these idiots really think gold mining is green and isn't incredibly destructive to the environment?
Unlike gold mining, bitcoin mining can be and often is powered entirely by wind, solar, nuclear, and/or hydro, etc.
Which are all considered more clean forms of energy. But you can't do that with gold mining.
Gold mining is similar to coal mining. Both which require destruction of entire forests, farmland, lakes and rivers, water reservoirs,
and wildlife in order to mine the gold. Large amounts of mercury and other chemicals are used to extract the gold which obviously
has a very destructive impact on the physical environment. This causes cancer and disease for humans, plants and wildlife.
Gold mining is often a cause of wars and violence from people fighting over the gold mines especially in Africa.
If the so-called environmentalists had half a brain maybe they would be advocating for bitcoin as a superior,
much cleaner alternative to gold instead of talking out of their rear end about something they know nothing about.
Gold Mining Unleashes a Carbon Time Bomb in the Amazon
Aerial Images Capture Swathes of Amazon Rainforest Destroyed by Gold Mining
Mercury Pollution Is Way Up. One Huge Culprit? Gold Mines
The purpose of a Ponzi scheme is to (unjustly) enrich the creator of the Ponzi.
As the creator of bitcoin Satoshi Nakamoto mined over a million bitcoins, but he or she has never sold even one bitcoin.
So how could it be a Ponzi scheme when the creator never even profited from it?
The idiots who keep making this accusation don't even know what a Ponzi scheme is.
However, the label of Ponzi scheme could certainly be applied to every altcoin that was ever made.
Because every shitcoin/altcoin creator have started their scam for the purpose of enriching themselves.
The second dumbest thing are the environmental attacks against bitcoin.
Funny how the idiots who make these attacks never say anything about environmental destruction of gold which is
a hundred times worse than bitcoin. Do these idiots really think gold mining is green and isn't incredibly destructive to the environment?
Unlike gold mining, bitcoin mining can be and often is powered entirely by wind, solar, nuclear, and/or hydro, etc.
Which are all considered more clean forms of energy. But you can't do that with gold mining.
Gold mining is similar to coal mining. Both which require destruction of entire forests, farmland, lakes and rivers, water reservoirs,
and wildlife in order to mine the gold. Large amounts of mercury and other chemicals are used to extract the gold which obviously
has a very destructive impact on the physical environment. This causes cancer and disease for humans, plants and wildlife.
Gold mining is often a cause of wars and violence from people fighting over the gold mines especially in Africa.
If the so-called environmentalists had half a brain maybe they would be advocating for bitcoin as a superior,
much cleaner alternative to gold instead of talking out of their rear end about something they know nothing about.
Gold Mining Unleashes a Carbon Time Bomb in the Amazon
Aerial Images Capture Swathes of Amazon Rainforest Destroyed by Gold Mining
Mercury Pollution Is Way Up. One Huge Culprit? Gold Mines