Overall, probably one of the weakest arguments I've heard yet about Bitcoin. Despite the title the author completely failed to show any evidence, let alone the "truth", of how or why Bitcoin was worth ZERO. This is obvious click bait, because the author knows that Bitcoin is trending right now and people considering buying it will open this when doing research.
So the author wins in the ad revenue category, but the point he's trying to make basically sums up to : "Bitcoin is just a craze with no inherent value. Even though it's good money like gold, and people hang on to good money because it has inherent value. People spend bad money because they know it can lose value. But bad money is good because it's well regulated. And even though bitcoin is good money then it's worse then bad money because it's speculative. Gold is also completely speculative but it's been speculative for generations so don't worry about it. Also, Bitcoin takes a lot of electricity to mine. It's no where NEAR the amount of energy that mining and minting a tiny bar of gold takes, but I'm not going to mention that. I didn't really think about that part because I trade gold using Forex, which means that I essentially hold a digital representation of gold and don't actually physically hold any gold except my wife's jewelry. But if the government collapsed, then gold would still have value because it's physical, and digital assets like Bitcoin would be worthless.
VERY convincing.
So the author wins in the ad revenue category, but the point he's trying to make basically sums up to : "Bitcoin is just a craze with no inherent value. Even though it's good money like gold, and people hang on to good money because it has inherent value. People spend bad money because they know it can lose value. But bad money is good because it's well regulated. And even though bitcoin is good money then it's worse then bad money because it's speculative. Gold is also completely speculative but it's been speculative for generations so don't worry about it. Also, Bitcoin takes a lot of electricity to mine. It's no where NEAR the amount of energy that mining and minting a tiny bar of gold takes, but I'm not going to mention that. I didn't really think about that part because I trade gold using Forex, which means that I essentially hold a digital representation of gold and don't actually physically hold any gold except my wife's jewelry. But if the government collapsed, then gold would still have value because it's physical, and digital assets like Bitcoin would be worthless.
VERY convincing.