I thought from the title that this would be an attack on the corporatization of bitcoin. It's not. It is the type of ignorant fud you might have read about in 2017. Really stupid article. Maybe @grayruby was right about Zero Hedge and bitcoin. I can't believe they chose to aggregate this crap.
Now that eth is ripping due to the etf news Zerohedge can go back to fawning over eth and tolerating bitcoin. When eth is in the toilet they fawn over bitcoin for the clicks.
Bitcoin is not scarce either. You can create as many cryptos as you want, and anybody is free to copy Bitcoin itself. Let’s just call it (them) Bitcoin 2 and Bitcoin 3 etc.
Even each Bitcoin is divisible into a far smaller entity on the decimal point scale, called Satoshi. As a practical matter, each Satoshi can perform the accounting function of the larger $60,000+ Bitcoin. This just goes to show that a Bitcoin is completely unnecessary, when you can do with something that’s many decimal points smaller.
After all, Bitcoin isn’t a real thing. It’s just a number in cyberspace. It’s like buying fresh air in a bottle -- but without the bottle, and no air. It’s nothing in real life.
It is an unlimited supply of nothing.
Don't bother reading it. Its just factually wrong, boomer-fud.
Bitcoin is not scarce either. You can create as many cryptos as you want, and anybody is free to copy Bitcoin itself. Let’s just call it (them) Bitcoin 2 and Bitcoin 3 etc
I think the author has a literal iq of 85. He jumps from topic to topic seemingly as if they were connected.
Also seems to be the kind of idiot that hears one argument/sentence and is already convinced. Only wanting confirmation bias after that & being butthurt if it doesn't.
That blog is just a shitcoin gold seller iirc, literally just a Peter Schiff marketing to a younger crowd by pretending to be edgy and countercultural. Normie scammers, mercenary beliefs
Wow this is one hell of a mess of a counter argument. This is almost as Biden's economic advisor (or whatever his title was) trying to explain money printing.
No, it's not an attack. It's more like a commentry on how Saylor has just manipulated by making Bitcoin a corporate heist. We should be beware of Saylor type of thieves, they are smart. Aren't they? These thieves can pick pocket you without even you knowing.
Lol Sounds more like a wah wah man, quit crying about what other people do with their business and property, if the shareholders didn't like what he was doing they'd dump the stonk and force the liquidation of the bitcoin, Saylor has been doing it for so long and so public about his stance, you can't say you didn't know what you're getting into so anyone owning or working there knows whats up, and they're sticking around
I don't know why dudes can't just accept they were late to the party but theres still get on board, but would rather make hollow fud pieces, i'm all for FUD if theres context, countries seizing miners, mining pools colluding, lol pick something real man not from my 5 mins of not understanding bitcoin I think its worthless despite it being the best performing asset for over a decade
As for the oh bitcoin will crash, yeah always does, but temporary dips clearly haven't affected the company before, if going down to 14k wasn't an issue what is a crash down from 70k going to do?
Nailed it!