Is Bitcoin A Scam? See Why Bitcoin Is Like A Can Of Sardines
I tried posting this 4 days ago but it kept getting removed by the mods for some reason. Maybe it would have saved some money for the people who were on the fence about Bitcoin. There is no hope for the Bitcoin evangelists. Bitcoin is not good at anything really. So why do people still believe in it? Only in the hope that they get rich by getting new Bitcoin disciples to join in. It is more like a can of sardines than it is a currency, payment network or safe haven asset. Don’t be fooled into thinking this will be a safe haven asset in these times of extreme market volatility and uncertainty. Check out the Youtube video with the same name as the title. https://youtu.be/ckWvH3Vq6D0
Bitcoin is a very strange thing, some famous people say it is a scam, such as warren buffett. And some people descripe that it will have a bright future, for example elon musk. So, one of them should be wrong, but who it is? I decide to take out $2000 to buy 0.2 BTC today
09-13 17:44 - 'Is Bitcoin a scam?' (self.Bitcoin) by /u/xsnyder1171x removed from /r/Bitcoin within 27-37min
''' I don't know anyone who has ever successfully bought Bitcoin from anyone. All these exchanges that you go to buy Bitcoin from all be are KYC which requires you to have an id, email address, phone number, or one or the other. Escrow is non existent and everyone who spends money on these exchanges to get coins are conned but they keep doing it. ''' Is Bitcoin a scam? Go1dfish undelete link unreddit undelete link Author: xsnyder1171x
Is bitcoin a scam or the future? What are the criteria we can use to decide?
What are the dimensions along which bitcoin, or its competitors, should be evaluated? Like if I want to know how good a coin is along the SCAM (bad) to FUTURE (good) spectrum what should we be looking at? Some ideas: Level of Decentralization - how to measure?
number and share of mining pools
number of nodes
number of developers, and development teams/clients
number of jurisdictions that coin operates in
potential regulatory threats (how "subversive" is the coin?)
Primary Problem Solved - how to measure?
user testimonials
partnerships
trials
website
whitepaper
blog posts
market research (eg. how big is the market being addressed?)
Developers - how to measure?
pedigree/experience/prior art
github activity
Community - how to measure?
how active are they?
how willing and able are they to entertain and effectively counter critiques?
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