it's an opinion that needs hours to debunk. All I need to say is that he includes a quote from Naval. Lol. Naval is a big proponent of bitcoin and blockchain. Talk about getting facts wrong.
> So the Bitcoin faithful have tried to not only convert people, but also convince them to martyr themselves, financially-speaking, for the crypto cause. It goes something like this. - Hey, do you want to hear about the future? It's a digital currency called Bitcoin that lets you spend or move your money online without paying any fees. - Sounds great. How does it do that? - Well, Bitcoin saves you money by making transactions irreversible. - So ... if I get scammed, I got scammed? There's nothing I can do about it? - Yes. - Okay, but is it at least easy to use? - The thing is, I don't actually use it. I just hoard it. I'm waiting for some greater fools to push up the price by using theirs. - Oh. - Yeah. So you should buy some Bitcoins and use yours. - I'll get back to you on that.
If you subscribe to the hodl mantra and advocate for Bitcoin, this is exactly what you do...
If you bought bitcoin in 2015 and hodled you would have 2000% profit now. Don't even go there.If you give dollars IRL to a scammer you don't get it back. There are so many false and useless claims with these narratives. Just make an opinion on your own or if you want to only listen to "important" people listen to the people that invested in Facebook and built all the Silicon Valley (Winklevoss, Draper, Andressen Horowitz, Wozniak, Jack dorsey, YC etc etc etc). Their opinion matters.
it's always like that with any breaking the status quo technology. either make it big or break. it doesn't matter if you think this particular technology will fail. it doesn't make it a scam. your government even and your congress (I suppose you are american) believes it's not a scam since you can pay taxes in it. Hey, is something that you can pay taxes with a currency? No? Why?
