Bitcoin: Scam or Opportunity? The Truth You Need

[@omdiq-namarlyi585]

i dont know how to get the coin trying to buy gummy

[@happytoberu]

Are you asking how to buy bitcoin or gummy coin?

[@uriahbraden4314]

Why does it matter that we don't know who invented it? Isn't the anonymity actually a good thing?

[@happytoberu]

Because, if it was created by bad actors, the original Satoshi wallet holds $100B+ worth of bitcoin. Could be trillions once bitcoin grows even further into mass adoption. And could be used for nefarious activity.

[@uriahbraden4314]

@@happytoberu That doesn't change anything about the fundamentals of BTC though. The code is distributed and open source. The creator cannot make changes anymore than another random person can. The only thing that matters about the identity of the person is indeed that wallet with over 1 mil BTC. But, that is almost entirely inconsequential when weighed against the overall positive impact of BTC.

[@happytoberu]

@uriahbraden4314 it’s not about making changes tho, it’s about giving an anonymous person or persons, hundreds of billions if not trillions of dollars in the future. All for what? Creating a basic form of cryptocurrency that’s bulky and expensive to transfer from wallet to wallet. Sure, the BTC network would be stable, but think about the implications outside of that. If ISIS (as an example) was behind BTC, it would be a problem would it not? Obviously that could be an exaggeration but BTC’s biggest strength could also become its biggest weakness

[@Samvisualarts]

@@happytoberu you sound like a butthurt shitcoiner and boomer at the same time. Research the technology more bro. You're the one who is not well-read enough here in this subject.

[@rogelioschevenin]

@@happytoberu Bad people have more than that in fiat today. Plus, by the time massive adoption comes, government participation around the world might even make those holdings look miniscule in comparison.

[@englishsteel-nz6im]

It's evil to those who weren't bright enough to stack some lol....

[@happytoberu]

Haha truueeeee, the personal gain has been great! Just hope the real life joker didn’t create it 😂

[@peterlustiger6361]

Bitcoin is actually a neutral Protocol. In a Fiat world where we live in Bitcoin is a Blessing. Because of its savingfunction.

[@happytoberu]

Yes! 100% agree. The main stipulation is that who created it owns 1/21th of the entire network - which could be worth trillions of dollars when bitcoin adoption and market cap matures. Scary amount of money in the wrong hands

[@peterlustiger6361]

@@happytoberu yes Bitcoin will be that much one day. Nobody knows satoshi. Maybe he is dead, Maybe is was a Group, Maybe the keys for the 1million Bitcoin are lost. And Maybe they Move one day, that would be a little unsafe feeling Maybe, but the Bitcoin will distribute more. Thats would be a good thing Long Term. I think some Players will have more than 1million BTC one day, for example MSTR or the USA (if they started to back the USD with BTC and see how well it will work).

[@carmelloscar]

Do more research.

[@happytoberu]

Read the whitepaper, read the very first NSA published document on peer to peer digital assets, studied crypto for nearly a decade. What would you like me to research specifically?

[@carmelloscar]

@ not saying there won’t be a better money in the future. Bitcoin is just the alpha and omega right now. Those initial coins were burned. Fundamentals totally unchanged. Does not matter. Value of all things due for a reckoning. You just don’t get it yet, it’s okay! You’re on a path, hopefully it’s the right one.

[@happytoberu]

lol okay 😂

[@carmelloscar]

@ name a better money.

[@happytoberu]

@carmelloscar something faster and lower fees but on the blockchain - just because Bitcoin is the first or biggest doesn’t mean it’s the best. eBay was once the biggest online retailer and then Amazon stole the spotlight, because it was easier to use and faster… even cheaper on the seller. So the same will likely happen in a he blockchain space, it doesn’t mean that bitcoin won’t be used like gold (a store of value) but it’s certainly not the best every day money. If it was, it would already have become the modern day means of exchange