See More CryptosHome

YES

YES Money

Show Trading View Graph

Mentions (24Hr)

1

0.00% Today

Reddit Posts

r/CryptoMarketsSee Post

Ethereum ETFs Next to Be Approved? There's Legitimate Reasons to Think YES... and NO...

r/BitcoinSee Post

You really think mainstream media is going to give you sound financial advice to help you get rich?

r/BitcoinSee Post

[Request] does Bitcoin run on “main” server?

r/CryptoCurrencySee Post

If Gary dislikes crypto, could he just deny the ETFs and prevent crypto to pump?

r/CryptoMoonShotsSee Post

Chimpzee will list on P2B exchange and Bitmart

r/BitcoinSee Post

Blackrock Ultimate Bull Trap / Conspiracy? What If...?

r/CryptoMoonShotsSee Post

Take advantage of the current Bonus and Giveaway and buy your tokens at early presale stage prices! 3 DAYS LEFT!

r/CryptoMoonShotsSee Post

Presale of Chimpzee | Last Days

r/CryptoMoonShotsSee Post

Chimpzee Raises $2.5 Million to Help Save Planet! Presale Ends This Week!

r/CryptoMoonShotsSee Post

Chimpzee Raises $2.5 Million to Help Save Planet! Presale Ends This Week!

r/CryptoMoonShotsSee Post

Official Chimpzee - Chimpzee presale!

r/BitcoinSee Post

Bitcoin ETF Dilemma: Embracing Mainstream Opportunities or Preserving Decentralization?

r/CryptoMoonShotsSee Post

Chimpzee Presale Ending Soon! LAST CHANCE!

r/CryptoMoonShotsSee Post

Official Chimpzee - LAST Chance to Take Advantage of the Presale!

r/CryptoMoonShotsSee Post

Zook Protocol | You're one-stop-DeFi-shop | Active Devs | Aggressive Marketing | Certik Audit is ongoing

r/CryptoMoonShotsSee Post

Opium Bird: Dont miss first MFT project by YES

r/BitcoinSee Post

Today is day 365 of my $5/day experiment

r/BitcoinSee Post

Why Bitcoin is rising?

r/CryptoCurrencySee Post

Helping the above average John guy understand the Defi space : Decentralized Prediction Markets, How do they work, Augur, Omen, risks + a notable mention

r/CryptoCurrencySee Post

All you need to know about the WalletConnect 2023 Reviews : Features and Safety

r/CryptoCurrencySee Post

Liquidity pools and impermanent loss for dummies

r/CryptoCurrencySee Post

Cryptocurrency for beginners

r/CryptoCurrencySee Post

Sold a little MOONs to buy Baldurs Gate 3, here is how i did it.

r/CryptoCurrencySee Post

Between Messi's Goals and Milei's Bitcoin Dreams: Is Crypto Argentina's Golden Ticket Out of Economic Strife?

r/CryptoCurrencySee Post

Between Messi's Goals and Milei's Bitcoin Dreams: Is Crypto Argentina's Golden Ticket Out of Economic Strife?

r/CryptoCurrencySee Post

Sold a little MOONs to buy Baldurs Gate 3, here is how i did it.

r/CryptoCurrencySee Post

Got enough income to have a trading strategy. Pls advice on my idea.

r/BitcoinSee Post

YES! You can.

r/CryptoCurrencySee Post

Friendly advice. Revoke your token approvals NOW!

r/CryptoMoonShotsSee Post

FrontFanz- $Fanx - Bigger potential than $Cummies? YES

r/CryptoCurrencySee Post

Discover the BlockWallet: A Secure Crypto Wallet

r/BitcoinSee Post

Whats Benjamins Cowens prediction for the next cycle top - price and date wise...?

r/CryptoMoonShotsSee Post

$REDDIT - $3.5M MC, huge upside potential following 4Chan at 30M

r/CryptoMoonShotsSee Post

$REDDIT - 550k MC, huge upside potential following 4Chan at 13M

r/CryptoMoonShotsSee Post

$REDDIT - 550k MC, huge upside potential following 4Chan at 13M

r/CryptoCurrencySee Post

Some Helpful Info if You Add Your Moons to the Sushiswap LP

r/CryptoCurrencySee Post

Let’s talk about buying Btc!!!

r/CryptoCurrencySee Post

CHARGED PARTICLES - What's in your NFT?

r/CryptoCurrencySee Post

What wallet and Defi apps do you recommend?

r/CryptoCurrencySee Post

What is going on here?

r/BitcoinSee Post

YES.

r/CryptoCurrencySee Post

I finally remembered my password to my wallet! ^_^

r/BitcoinSee Post

A new full node is born.

r/CryptoCurrencySee Post

The April Casino!

r/CryptoCurrencySee Post

[SERIOUS] Moonplace.io today is almost a complete failure. So much wasted potential... Do not let it die!

r/CryptoCurrencySee Post

CFTC Declares Bitcoin, Ethereum, and Litecoin as Commodities in Binance Indictment - Derivatives are related to commodities; the indictment is over derivatives - YES this is Contradicting SEC's claim they’re a Security

r/CryptoCurrencySee Post

Today was the first time I got a crypto scam call!

r/CryptoCurrencySee Post

Scammed by MEXC.com and their bugged website

r/CryptoCurrencySee Post

We could have been Rich if Facebook and Google Paid us for our Data they collect

r/CryptoCurrencySee Post

The 1 Million bet by Coinbase CTO is not a bet, it is a disguised payment + PR manoeuvre

r/BitcoinSee Post

In case you are wondering, YES sats are on sale right now, just sayin!

r/BitcoinSee Post

Here WHY SILVER is not going to make you rich but BITCOIN YES!!!!

r/BitcoinSee Post

Michael Saylor Bitcoin Makes You Happ | Do you agree? I say YES

r/CryptoMarketsSee Post

YES!!! I have received two ETH rewards payments issued by CB last night and early this morning, totaling +0.1754 ETH (worth $286.89 at the time of issue). I'm now LONG-TERM a total of 271.07+ ETH, all of which are staked at the current yield of 4.11% APY in ETH rewards. GLTA!!!

r/CryptoCurrencySee Post

Key differences between DJED and UST/LUNA

r/BitcoinSee Post

This week 22 BTC were traded in Venezuela (Using Localbitcoins)! When it comes to wage, it is even worse than last week as now monthly minimum wage under 6 USD

r/CryptoCurrencySee Post

This week 22 BTC were traded in Venezuela (Using Localbitcoins)! When it comes to wage, it is even worse than last week as now monthly minimum wage under 6 USD

r/CryptoCurrencySee Post

The unspoken truth about ALGO governance program

r/CryptoMoonShotsSee Post

BMW Responded to to us!!! Don't fade BMW Inu again, you'll regret it!!

r/CryptoCurrencySee Post

Is the bear market bottom in? Information from technical bottom indicators (December/final edition) - spoilers: we have no clue and this time IS different

r/BitcoinSee Post

Happy Friday! Get 100% CASH BACK on your first deposit PLUS mega 1st time player promos! (YES, I use and win REAL money!)

r/BitcoinSee Post

Bitcoin Always Wins, Even If The Media Talks Shit About It

r/CryptoCurrencySee Post

[SERIOUS] Trading Demystified - Intro

r/CryptoCurrencySee Post

Are you tired of being in crypto and just want to move on? If YES, you are not the only one.

r/BitcoinSee Post

Bitcoin represents a (New) Constitution for the Planet

r/BitcoinSee Post

I AM providing Daily 5 to 10 signals free of cost. 97% accuracy. Type YES to be added.

r/CryptoCurrencySee Post

FTX and how media sees it..

r/BitcoinSee Post

Fox 🦊

r/BitcoinSee Post

Is Bitcoin a Buy in 2023?

r/CryptoCurrencySee Post

Why I Finally Bought Doge in 2022 ( in crypto since 2016)

r/CryptoCurrencySee Post

Sam Bankman-Fried was playing League of Legends during fundraising Zoom call with Sequoia Capital. Source: Sequoia's SBF profile article.

r/CryptoCurrencySee Post

You haven’t lost a single coin or a single red cent

r/CryptoCurrencySee Post

We had 4 days of green candle days, we're definitely out of the bear market, guys!

r/CryptoCurrencySee Post

[SERIOUS] Have we bottomed? Information from 10 key bottom indicators (November 2022 edition)

r/CryptoMoonShotsSee Post

FlyGuyz | introducing a high quality, mainstream, style gaming to the blockchain | Big Marketing Campaign | Strong Community

r/CryptoCurrencySee Post

Staking in bear market - YES or NO? (And your strategy?)

r/CryptoCurrencySee Post

Cosmos 2.0 Whitepaper is up for voting

r/CryptoCurrencySee Post

Startup founder here, looking for your advice/opinion

r/BitcoinSee Post

What the quantum computer do to bitcoin

r/CryptoCurrencySee Post

Maybe I'm just a cockeyed optimist, but things look pretty good for crypto right now

r/CryptoCurrencySee Post

Is the bottom in or not? Information from 10 key bottom indicators (October 2022 edition)

r/CryptoCurrencySee Post

Am I Being Scammed?

r/CryptoCurrencySee Post

ERGO EIP-37 Vote Tracker // 90% “Yes” votes needed for implementation. EIP-37 will be automatically updated at the time of acceptance. Currently at 87% “YES”, We can expect implementation after the next voting Check(256 blocks).

r/CryptoCurrencySee Post

Make money with Cryptocurreny

r/CryptoCurrencySee Post

A simple guide on how to lose your precious crypto to scams. Part 1.

r/CryptoCurrencySee Post

"Not your keys, not your coins" - Really?

r/CryptoMoonShotsSee Post

!! TemplarDAO !! Staking Rewards Paid Out By The Second, No Lock-up!

r/CryptoMoonShotsSee Post

Can you take advantage of both the market movement and the blockchain? Trust Trading says YES, OF COURSE!

r/CryptoCurrencySee Post

Is the bottom in or not: An analysis of 9 bottom indicators

r/CryptoCurrencySee Post

Owning Rights to a Color Across Limited Marketplaces

r/CryptoCurrencySee Post

Is it fair that CC bots have same m00n ratio as a human user?

r/CryptoCurrencySee Post

Is it fair that CC bots have same moon ratio as a human user?

r/CryptoMarketsSee Post

The first part of The Merge happens on the 6th of Sept, 2022, in the Beacon Chain, called Bellatrix. This is the FINAL step before The Merge goes live on Ethereum. The full transition will happen ~15th Sept., 2022!!! YES, THIS YEAR!!! I'm currently long-term 205+ ETH, staked & HODL to 2030! GLTA!!!

r/CryptoCurrencySee Post

Tired to see people bashing on PoW just because of the ETH Merge

r/CryptoCurrencySee Post

What about r/FortNiteBR Bricks?

r/CryptoCurrencySee Post

Tired to see people bashing on PoW just because of the ETH Merge

r/CryptoMoonShotsSee Post

The AMAZY Move Token (AMT) on DEX exchange is already available !

r/CryptoMoonShotsSee Post

The AMAZY Marketplace is available to everyone!

r/CryptoMoonShotsSee Post

AMAZY was successfully listed on 5 exchanges ( 4 big CEX + 1 DEX ) | Cmc + Cg fast listing

Mentions

YES thanks for you wealth of information. I am referring to the people on either side that say that by voting they are ending democracy. It's asinine

Mentions:#YES

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1dg502i/daily_crypto_discussion_june_15_2024_gmt0/).

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1dg502i/daily_crypto_discussion_june_15_2024_gmt0/).

YES!

Mentions:#YES

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1ddt245/daily_crypto_discussion_june_12_2024_gmt0/).

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1dd0k02/daily_crypto_discussion_june_11_2024_gmt0/).

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1dc838m/daily_crypto_discussion_june_10_2024_gmt0/).

YES 🙌

Mentions:#YES

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1dbggz4/daily_crypto_discussion_june_9_2024_gmt0/).

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1dapnaf/daily_crypto_discussion_june_8_2024_gmt0/).

Look I'm trying to make a profit while I can. Nothing wrong with it. Eventually any share value in any company will be converted to bitcoin when it gets adopted. And while these trend is growing I'm taking advantage of it for a profit in the early days. Plus I'm a huge stock bug. I literally live in the stock market. 😭 this is a HUGE PROFIT OPPORTUNITY. BUT YES BUY BITCOIN TO. BE HUMBLE STACK SATS

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1d9x2rx/daily_crypto_discussion_june_7_2024_gmt0/).

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1d7jhsx/daily_crypto_discussion_june_4_2024_gmt0/).

YES

Mentions:#YES

I don't know why I keep trying to explain this to you. I guess I am hoping that you are commenting in an honest way and simply just not understanding what everyone is telling you. >This isn’t even a law. Yes, it absolutely is. Biden veto'd a LAW. That's why we keep calling it a law (or a bill). >It’s SEC guidance that congress voted to overturn. YES. This is correct. Congress wrote a bill to overturn a piece of guidance from the SEC. > I tried to explain this to you at a high level, but you don’t get it. No, you did not try and explain it. You shared your opinion on the legislation, but not once have you tried to explain to anyone what about the guidance the SEC wrote is BAD, and why the bill that Biden Veto'd was GOOD. You can call the bill pro-crypto, but you need to explain WHY it is pro Crypto. The top comment on this post gave a direct example of what the SEC'd guidance was for, and what could happen if Biden signed the bill. >It’s also not “us vs them”. It’s one side attacking crypto. When I say "stop with the us vs them shit", I am saying that your use of this logical fallacy (hasty generalization) does not help your argument. Overall the SEC is anti-crypto, but that does NOT mean that every single thing they do is bad for crypto. Rather than attacking the SEC, discuss the actual guidance itself.

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1d6r63h/daily_crypto_discussion_june_3_2024_gmt0/).

YES

Mentions:#YES

I know a lot of people seem to dance around this question and answer indirectly, but to answer your question point blank... Yes, even though we are still early, it is in fact too widely adopted with too much big money behind it to fail. Absolutely, a huge YES to answer your question. #BTC 👍🪙😎

Mentions:#YES#BTC

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1d60hbc/daily_crypto_discussion_june_2_2024_gmt0/).

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1d3qkbw/daily_crypto_discussion_may_30_2024_gmt0/).

YES!! 👍🏾🙌🏾 “Thirdly, and this is very important! Don't leave your coins on exchanges but get yourself a hardware wallet. Educate yourself before, never share your private keyphrase and in general don't answer privat Reddit chats.”

Mentions:#YES

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1d263cr/daily_crypto_discussion_may_28_2024_gmt0/).

Affraid not, let's take the U.K. for example. £35k is the average, which is around $44k that doesn't account for stoppage and what your actual take home pay is. Take home is £28,800 / $36,000 Do you even know or understand what the definition of a life changing amount of money is? It's an amount of money which can change your life. For example can get you on the property ladder with a decent deposit, pay all your debts off, put you through university etc. At £2,400 / $3,000 a month take home pay, and having all your financial commitments (bills etc ) how long do you think it would take for a person to save up $68k? I'll tell you how long.... a lot of fucking years. So YES it is a life changing amount of money. Pull your head out of your arse and get back into reality.

Mentions:#YES

The fee is less than the tax you'd pay on returns? YES? YES?

Mentions:#YES

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1d1eqtd/daily_crypto_discussion_may_27_2024_gmt0/).

I'm in BIT....if Black Rock can't make u money, no one can....YES, YES, I own BTC as well but definitely wanted to be in with this ETF stuff.

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1d0p0rx/daily_crypto_discussion_may_26_2024_gmt0/).

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1czz4bx/daily_crypto_discussion_may_25_2024_gmt0/).

I bought 1,000,000 PEPE on your advice brother. Let me know when PEPE hits $1 THAT MEANS I WILL BE A MILLIONAIRE, HOLY SHIT YES. I AM A GENIUS.

I like Bitcoin, I like what it stand for and what it offers people. But GODDAMN do these post frustrate me. "Yur guvormunt ish stealzin fro yuz".. Is the monetary system significantly broken? YES. Is it the best system we had until now and did you as a person gained enormously from everything that was build and created from it? Also a big YES. So stop this bullshit argument that the entire government is there just taking money and not giving anything in return for it when you are still using on a day to day basis all the things it has provided for your in primo. Stop with those idiotic arguments that somehow what you employer does or denies you off is the governments fault. Even if it were that would be indirectly the fault of the people and who they elect to pressure employers to take care of their people. That is a YOU problem. So all this "freedom" you have by taking your money off the grid to BTC, does not suddenly cut your ties with the governments and all they are providing for your day to day quality of life. If you think you are so amazing and free that you don't need any government. Please get out, go off the grid and take care of everything yourself. But don't come btching when you are in need of interventions that you yourself cannot provide and only a collective government ruled society can provide due to collective build systems.

Mentions:#YES#BTC

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cyf8j6/daily_crypto_discussion_may_23_2024_gmt0/).

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cyf8j6/daily_crypto_discussion_may_23_2024_gmt0/).

YES. Smartest thing you’ll do in your life.

Mentions:#YES

As ever, the answer is “YES”. There’s so much speculation, some based on chart analysis and previous trends. It’s well thought through and argued. At the other end of the spectrum, for me, there’s Forbes. Nobody knows what the macro environment will be like and there are numerous external factors that significantly influence price movement and discovery.

Mentions:#YES

I got an email from Coinbase saying someone tried to change my password and wanted to verify if I did. There were two buttons YES or NO that I can click. I clicked NO then I called the Coinbase to ask them if they sent the email. I got scared. The customer service agent told me they didn’t send the email nor they didn’t notice anyone tried to change my password either. They suggested to lock my account and I did. We are living in a crazy world.

Mentions:#YES

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cxmpo7/daily_crypto_discussion_may_22_2024_gmt0/).

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cxmpo7/daily_crypto_discussion_may_22_2024_gmt0/).

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cwuchb/daily_crypto_discussion_may_21_2024_gmt0/).

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cw263z/daily_crypto_discussion_may_20_2024_gmt0/).

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cvaygf/daily_crypto_discussion_may_19_2024_gmt0/).

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1csznpl/daily_crypto_discussion_may_16_2024_gmt0/).

That’s a hard YES from me!

Mentions:#YES

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1creftx/daily_crypto_discussion_may_14_2024_gmt0/).

r/BitcoinSee Comment

YES! I DO!!! Sweet sweet Bitcoin. I want to see it at 40 or less then trend sideways for a while.

Mentions:#YES
r/BitcoinSee Comment

YES! I would love it, if it would flash crash down to $40,000 on my payday! And stay there for about a month, so i could massively stock up. But thats probably NEVER going to happen again. Too much is now owned by all the ETFs eating up all thr bitcoin. All these purchases are happeing off the main marketz with back door transactions. The moment they all start buying up all the bitcoin off the open exchanges we going to get some massive price shock.

Mentions:#YES

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cobxro/daily_crypto_discussion_may_10_2024_gmt0/).

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cobxro/daily_crypto_discussion_may_10_2024_gmt0/).

Yes both candidates are less than good, but one candidate is absolute trash. One obeys the laws and tries to do what's best in a bad situation (for most things anyway). Meanwhile the other lies, cheats, steals, and then acts like your best friend while talking shit about you behind your back. One pays his bills, the other doesn't. One lies with every gd sentence that comes out of his mouth. One is fake in EVERY. SENSE. OF. THE. WORD. Idk where yall get off with making it out like both sides are equally terrible. Are both sides ultimately controlled by the almighty dollar - YES. But is one side doing thing that AT LEAST keeps some level of freedoms available in the country & doesn't intentionally lie, cheat, steal, and backstab EVERY PERSON HES EVER MET. Fuck outta here with "both options for president are the same". No. No tf they're not.

“SIR YES SIR!!!!” You have to say this while sounding highly regarded, just like OP.

Mentions:#SIR#YES#OP

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1cmqqqs/daily_crypto_discussion_may_8_2024_gmt0/).

r/BitcoinSee Comment

You mean slow, used mostly by scammers and slowly finding legitimacy, like the early internet days. YES!!! 🫣

Mentions:#YES
r/CryptoMoonShots