It is pure math. Decentralized. Think about what decentralization has done to the music industry, to Hollywood. They are shells of what they used to be. Bitcoin will do to the banks and governments what decentralization has done to the music industry.
Only if bitcoin can be used as transactional tender.
That is not the current use. The fees are staggering, the time and processing power are insane, and both sides of the transaction can be untrustworthy.
To be honest, a very secure centralized database could handle transactions much faster and lower power (and cheaper) than bitcoin, but yes, would be quite open to attack from several (((vectors))).
The closest thing to a non-bitcoin, decentralized, useful, transactional money is giftcards. The problem with giftcards is that to send them, both the sender and receiver likely know the numbers, which makes an untrustworthy transaction more likely.
To be a ponzi scheme there can't be an actual service or use. Bitcoin created the worlds first decentralized currency, which is not created by a government and doesn't need a bank or third party to do transactions. Take a look at what the blockchain has done since it's inception. It's giving banks and wallstreet a run for their money. It has them scared. It will eventually take over Western union, visa, mastercard, etc.. It's changing the world in so many ways. It's even created new businesses to deal with old problems. Name a ponzi scheme in the existance of ponzi schemes that has ever done anything close to that.
And if kikes have a controlling share of bitcoins then you are just doing a lot of mental gymnastics to avoid the truth that it is just another kike scheme.
[ + ] TerryB
[ - ] TerryB 3 points 2.5 yearsNov 7, 2021 18:07:49 ago (+3/-0)
[ + ] carrotcar
[ - ] carrotcar 0 points 2.5 yearsNov 7, 2021 18:26:06 ago (+1/-1)
That is not the current use. The fees are staggering, the time and processing power are insane, and both sides of the transaction can be untrustworthy.
To be honest, a very secure centralized database could handle transactions much faster and lower power (and cheaper) than bitcoin, but yes, would be quite open to attack from several (((vectors))).
The closest thing to a non-bitcoin, decentralized, useful, transactional money is giftcards. The problem with giftcards is that to send them, both the sender and receiver likely know the numbers, which makes an untrustworthy transaction more likely.
[ + ] TerryB
[ - ] TerryB 2 points 2.5 yearsNov 7, 2021 21:15:32 ago (+2/-0)
[ + ] carrotcar
[ - ] carrotcar 1 point 2.5 yearsNov 7, 2021 22:24:43 ago (+1/-0)
[ + ] Cantaloupe
[ - ] Cantaloupe 2 points 2.5 yearsNov 7, 2021 16:54:52 ago (+2/-0)
There's a market for it.
There may come a time when bank accounts are cut off or homes taken, like in Australia.
Use an exchange like Bisq
Probably they can take over any tech.
[ + ] deleted
[ - ] deleted 1 point 2.5 yearsNov 7, 2021 18:20:26 ago (+1/-0)
[ + ] Cantaloupe
[ - ] Cantaloupe 2 points 2.5 yearsNov 7, 2021 18:35:02 ago (+2/-0)
[ + ] toobaditworks
[ - ] toobaditworks 1 point 2.5 yearsNov 7, 2021 22:04:10 ago (+1/-0)
[ + ] FacelessOne
[ - ] FacelessOne 1 point 2.5 yearsNov 7, 2021 22:23:05 ago (+1/-0)
[ + ] thebearfromstartrack4
[ - ] thebearfromstartrack4 1 point 2.5 yearsNov 7, 2021 16:36:35 ago (+1/-0)