it’s pseudo anonymous and that doesn’t make it a scam. it actually is a great way to track transactions and protect privacy at the same time.
2.transactions take about 8-10 mins… this makes it a better store of value than spending cash. However, this has been remedied with a 2nd layer application called Lightning Network. And again, this doesnt make it a scam.
more expensive for some, less for others. for instance, it is a very cheap way to transfer money overseas like for many immigrants who support their families in their native country. where Western Union would take a large cut just to move the money, Bitcoin accomplishes the same exact thing, for pennies.
Maybe you mean you just don’t like Bitcoin? That’s fair, doesn’t make it a scam. Maybe you prefer more anonymous cryptos like monero? That’s fair also, still doesn’t make Bitcoin a scam.
Personally I prefer Bitcoin because it’s decentralized. Nobody owns it or controls it. The people closest to the money printer don’t have an advantage over the common people who save in it. Not to mention you aren’t surrendering your purchasing power to the government via inflation.
2.transactions take about 8-10 mins… this makes it a better store of value than spending cash. However, this has been remedied with a 2nd layer application called Lightning Network. And again, this doesnt make it a scam.
Maybe you mean you just don’t like Bitcoin? That’s fair, doesn’t make it a scam. Maybe you prefer more anonymous cryptos like monero? That’s fair also, still doesn’t make Bitcoin a scam.
Personally I prefer Bitcoin because it’s decentralized. Nobody owns it or controls it. The people closest to the money printer don’t have an advantage over the common people who save in it. Not to mention you aren’t surrendering your purchasing power to the government via inflation.
You missed the biggest points, it has no utility and its value is entirely speculative.
No.
Secure time stamps
It’s not “decentralized.” That’s a buzzword. Anyone buying into that after all these years is a fool.
except it actually is decentralized. anybody can run a node and contribute and the network adjusts to how many people are contributing.
calling it a “buzzword” and calling people “fools” or whatever doesn’t change this fact.
When it comes to privacy and anonymity Monero would be king. The FBI and NSA has demonstrated that Bitcoin is not as “private” as many claims.
agreed. if you want to keep your dealings completely anonymous, definitely go with monero.