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this post was submitted on 27 Jul 2024
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politics
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Maybe just take a step back and breathe bro.
Instead of a PDF, maybe link to an official source to the totally real PDF you sent?
Think more critically about the propaganda you're parroting.
Bitcoin is not decentralized or private; these are just buzzwords. BTC belongs to either the whales hoarding BTC (like the financial firms you mentioned in another post) or to the handful of large miners who contribute most of the hashing power. This is the definition of centralization.
If you buy 100$ of BTC right now, or out your computer to mine, you have 0 control of the network (controlled by miners) or the value of your money (which can be manipulated by whales). But sure, "take back control" of your money (and lose FDIC insurance) by storing your money in BTC.
If I have to explain why a Public, Immutable ledger is NOT private or secret... Idk what to tell you. It's in the white paper, that I'm sure you read.
Bitcoin is not a store of value. Because it... Doesn't store value? No one is saving their rent in Bitcoin if there is a non 0% chance that by the end of the month you won't actually have enough money because the SPECULATIVE value of BTC went down. This is, again, just a buzzword.
Finally. If "The loser with a brain worm that is out of the presidential race said he'd try to amass 20% of the world's Bitcoin if he won, trust me bro ." is the best argument you can make for Bitcoin... Yeah, that checks out.
TL&DR: You're thinking of Monero and have a lot to learn about how money and politics work, but you're too deep in the BTC shill camp to realize.
Montero also has a public immutable ledger, is subject to market price manipulation by whales, and mining is easily centralized if it becomes prevalent.
if you like crypto, Bitcoin is best, or maybe doge coin, but I think doge coin needs another round of heavy inflation
Lol.
this is not a rebuttal, but an appeal to ridicule