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680 sats \ 0 replies \ @nullcount 25 Oct 2023 \ on: Sh*t Nocoiners say about Bitcoin bitcoin
- I dont understand how it works, therefore I am too scared to learn about it
- I understand everything because I did 10-hours of research, therefore I don't need to know anything more
- My fiat banks aren't censoring me. My money is insured. My portfolio of index funds and bonds is safe. I don't need the risk.
- We need the Fed to adjust rates and print money to maintain stability. Covid would have been much worse without the fed's soft landing.
- Is not scarce if there are 10k copycats
- Is not secure if MtGoX, FTX, Celcius can lose it
- what about all the coins that were lost? No way I can trust myself to guard 12 words.
- I need a phone number to call so I can clawback a mistaken transaction
- I can't buy a house with noKYC
- its used in crimes and scams
- my bank says I shouldn't use it
- Who is Satoshi? I don't trust him, seems shady.
- Who are these devs that control it? Seems shady.
- what happens when they change the code to take all your money?
- It uses too much electricity
- bitcoin is dirty, wasteful
- I don't like the idea of bribing miners so my payment gets processed. My bank has a transparent fee
- Needs more inflation to encourage spending
- too slow, not private for medium of exchange
- too volatile to work as a store of value
- its too expensive. I cant afford to buy a single coin
- bitcoin can't do X that Y crypto does therefore it will fail
- governments will not allow it to be used as unit of account
- people with gains on their BTC got lucky
- bitcoin is just like all the cryptos, but its already obsolete
- what if I buy the wrong Bitcoin?
- what if it forks again, how can I know which is the real BTC?