Quote from: Abiky on May 12, 2025, 01:34:16 PM

Quote from: madnessteat on May 09, 2025, 07:17:13 AM

Many people hate bitcoin because they haven't studied the technology deeply enough. In their minds, Bitcoin is no different than a Ponzi scheme, so many of them don't even try to study Bitcoin. Only by studying Bitcoin technology can you realize that it is not a Ponzi scheme, but a peer-to-peer electronic monetary system that is independent of third parties such as banks or the Federal Reserve. In addition, Bitcoin allows you to maintain your privacy, which is a huge advantage over national currencies.

That's certainly true, mate. However, some individuals hate Bitcoin even if they have deep knowledge of its inner workings. Bitcoin can't be seen with good eyes by everyone. Criticism will always exist, whenever we like it or not. I'm sure Bitcoin will survive for decades (if not, centuries). Only if it remains decentralized and censorship-resistant, though.

We should just ignore what everybody else says (FUD) and carry along as usual. Banks are embracing Bitcoin, institutional investment companies are growing their BTC stockpile, while governments are devising crypto-friendly regulations to help spur the growth of the industry. Bitcoin may have its limitations, but it's the best thing there is when it comes to sending/receiving money in a secure manner (sound money). For me, decentralization and security/reliability is better than convenience (low fees, fast speeds, etc). If you want something else, use a "shitcoin" instead.

That's what I'm doing. I don't use Bitcoin to move funds because I'm not ready to pay $3-5 for one transaction and wait about 10-20 minutes if the transaction doesn't get to the next block, which happens very often. For fast and inexpensive movement of funds I use the Solana network. Maybe I would use the Bitcoin network more often if the Lightning Network was more widespread. Unfortunately it is not yet. The Bitcoin network is no longer the network that Satoshi Nakamoto envisioned. It is now a network for storing value, but not a network for fast and inexpensive settlements.