Discussions

COINBASE GLOBAL INC stock forum

5 minutes ago

chop till january

2 hours ago

long coin here

3 hours ago

Rotate to COIN from anything else 😘😘You can go retire at the end of 2025

3 hours ago

Rotate to GME. is weak.

7 hours ago

Bitcoin: Busting the Myths

1. Bitcoin as a currency: WRONG!
- Too slow: Transaction times can be painfully long, making it impractical for daily use.
- Too expensive: High transaction fees make it a costly option.
- Bad technology: Compared to modern alternatives, Bitcoin's underlying technology is outdated.

2. Bitcoin as a store of value: WRONG!
- Too volatile: Bitcoin's price swings wildly, making it unreliable for preserving wealth.
- Unsafe & unreliable: Security issues and potential for hacks undermine its reliability.
- Easily manipulated: Market manipulation by a few big players can drastically impact its value.

3. Bitcoin's decentralization: WRONG!
- Controlled by the rich: Billionaires, fraudsters, and scammers who hold significant amounts of Bitcoin have undue influence.
- Decentralization myth: The control exercised by these major holders makes the idea of decentralization irrelevant.

4. Bitcoin's scarcity: WRONG!
- Unit redefinition proposal: Recently, a proposal suggested redefining Bitcoin’s unit system. This means 1 BTC could be equivalent to 100 million Satoshis, turning 0.00010000 BTC into 10,000 BTC.
- Questioning scarcity: This potential change challenges the notion of Bitcoin's scarcity and makes the cap of 21 ml irrelevant.

All these narratives around Bitcoin are crafted to persuade you to buy it. They are just misleading tales!