You’ll own nothing and be happy about
Comment on Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun
Vitaly@feddit.uk 23 hours agoYou don’t need to trust bitcoin because one of the fundamental principles of it is trustlessnes. the only problem I see is constantly changing price of bitcoin
Sgt_choke_n_stroke@lemmy.world 19 hours ago
group_hug@sh.itjust.works 22 hours ago
Sure one BTC is one BTC. But how many USD is a BTC worth? A lot of that depends on the stable coin tether and that is backed 100% by “trust me bro”
And 99% of cryptoheads are just fine with “trust me bro” they just want “number go up” the rest of it seems to be misdirection and distraction.
dependencyinjection@discuss.tchncs.de 23 hours ago
And the immense resources required as well as the processing time for a transaction.
Now I’m not saying someday a digital currency will work. Just it isn’t Bitcoin, plenty of other more viable coins but most people just gamble now.
E_coli42@lemmy.world 22 hours ago
I think Bitcoin was a good proof of concept that this system can work and scale. Ethereum is trying to be the viable option. I personally like Monero. I am sure in a hundred years or so if crypto is still here, it will be more viable and stable.