Bitcoin sucks! What it doesn't do.
“Most 'altcoins' claw back bitcoin's decentralization, reliability & security to add more features, and then advertise this to investors as innovation.” - Lyn Alden
Sometimes I wonder what bitcoin maximalist are smoking. Bitcoin does not do a lot of things.
It does not change human nature.
Bitcoin does not stop politicians from spending more than they have, in order to get re-elected. Gold never did that.
It does not kill speculation. It doesn’t kill people’s desire to get rich fast.
Bitcoin is just a database. the database is called the Bitcoin blockchain (capital B). It tracks who owns which bitcoin (lowercase b). And bitcoin by construction is limited. The database is the most secure and un-corruptible database in the world. This is its greatest strength. If you try to change the amount that is issued, it is called a fork. Bitcoin cash, bitcoin SV, lightcoin and others are forks. Do you want those?
Many central banks might own bitcoin in the future, like they own Swiss Francs or gold today. So what? The Swiss Franc is a strong currency, but the world does not use it as a means of payment. Some people might use bitcoin a means of payment, but most people will not.
Let’s get some bitcoin nutters back down to earth !
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