Why bitcoin is not a scam, not a ponzi scheme and certainly not dead

alin (40)in #bitcoin • 7 years ago (edited)

Silver and gold can not be traded practically(you can not divise it to pay in small chunks like a cup of coffee in a bar) bitcoin can and is.

Your silver and gold can be confiscated by the government(and historically was: https://en.wikipedia.org/wiki/Executive_Order_6102).In 2013 the government and the banks of Cyprus decided to confiscate 10% of everyones accounts(https://www.armstrongeconomics.com/uncategorized/european-banking-crisis-seizing-10-of-everyones-accounts-hello-cyprus/) that can not happen with bitcoin.

Of course it looks like a scam because we never had anything like it and we tend to associate it with things that we do understand.
Just to bring the idea home ask yourself: were any oh the known scams/ponzi schemes something that the governments could or not control and restrict? Yes they were they were acting in a regulated environment, you see this is how you see the true nature of bitcoin.. But for that you have to see behind the surface.

Yes bitcoin will have ups and downs of course just like a big boat the carries a lot of people, in a storm.
Let’s remember that bitcoin had multiple “deaths” but is pretty much alive as you can see.

And lastly, If the idea of freeing ourselves from the banks and governments seems unimportant that is really sad.. None of the other means of exchange can do that except bitcoin which is truly decentralised.