Community Trust ScoreVerified
Dan Held Shared: Bitcoin is our best chance at fixing the corrupt and broken financial system. That’s why Bitcoiners care so much. We can’t afford to mess this up.
Community Response: BTC just another chance for the government to corrupt finance. They want to own it or regulate it away.
This will not happen, but the government absolutely wants to control it.
I’m sure self-interest has nothing to do with it. As a long-time hodler, I wish more prominent figures in the community would just be honest and say “it can do a lot of great things for the world AND I’m highly incentivized to have it continue appreciating”. Just own it!
My guess. Most early adopters that are now rich, would have sold already if the main incentive wasn’t for the belief in the good it can do. If money was the main motivation, they wouldn’t have 90%+ net worth still in BTC.
If BTC was indeed as superior as you claim, why do you need to defend it? Shouldn’t the free market support the Maxi thesis over the long run anyway? On the contrary, Maxis are becoming the very fall of Bitcoin that they are trying to prevent. I hold BTC and ETH. They coexist.
I think other projects are best suited to fix the financial system, the sooner Congress can pass bills on crypto regulations, the quicker I believe institutional banks will jump on the train and start creating projects and investing. Look at what Paypal is doing!
I have been watching your interest on BTC; however, I would like your opinion, if you have such, on the news about the experimental portion replacement of the global banking system SWIFT, starting Q1 2022. Possible, they will try this cooperating with Ripple, among others.
BTC is one very tiny corner of a very large and complicated financial system. It is nowhere close to being the answer. This isn’t an anti BTC per se statement, but a belief that most BTC maximalists see every problem as a nail when their only tool is a hammer.
All of my savings have been in Bitcoin and Tether for several years feeling safer than ever.
If you think that Bitcoin does not have an interest system, you are wrong, because the longer you hold bitcoin, the more time you get credited. Bitcoin.
Bitcoin is the reason why crypto can be so tribalistic, once invested your incentivised to get others involved in it like a Ponzi (but not) and the thought of other cryptos being better doesn’t jive, especially ones that do what BTC was supposed to do and can’t do.
Are we fixing or replacing? Building a new system. Seems crypto is now thoughtfully designed, literally coded/created to work and the old system is a poor design. Decentralized code and consensus that fixes the problems by creating an entirely new, vibrant system.
You spelled “replace” wrong. The current financial system is not broken. It was designed that way.
Governments try to deny and hide the fact. Fortunately, if we have fresh, opened minds, we can easily recognize the fact. Bitcoin helps us to understand it better. See, 40% new circulation in last 2 years, 40-yr high inflation rate AND they blamed it on Bitcoin. Seriously.
