That's your opinion based on your disapproval of Bitcoin.
Care to share why you are negative on Bitcoin?
I believe most people confuse Bitcoin as an alternate means of payment instead of what it really is which is an honest sound digital money system, with a transparent monetary policy from now to infinity AND a censorship-resistant payment network built on the most secure distributed computer network ever created by humans.
Bitcoin is not competing with Visa or Mastercard. It is competing with all fiat currencies, as well as any other security or property that is used as a store of value (stocks, bonds, real estate, etc).
I am mostly indifferent to bitcoin and cryptocurrencies in general, but strongly opposed to people shilling for them. I see no evidence thus far for bitcoin being anything other than a vehicle for speculation; just one more form of gambling with the froth on top of our financial system, distracting people and diverting resources from actual useful activity.
lowkey|4 years ago
Care to share why you are negative on Bitcoin?
I believe most people confuse Bitcoin as an alternate means of payment instead of what it really is which is an honest sound digital money system, with a transparent monetary policy from now to infinity AND a censorship-resistant payment network built on the most secure distributed computer network ever created by humans.
Bitcoin is not competing with Visa or Mastercard. It is competing with all fiat currencies, as well as any other security or property that is used as a store of value (stocks, bonds, real estate, etc).
AstroDogCatcher|4 years ago