Why the Rise of the CBDC Is Bad for Your ... - Bitcoin News
Why the Rise of the CBDC Is Bad for Your ... - Bitcoin News
Why is Bitcoin Usability Still So Bad a Decade Later ...
10 Reasons Why Bitcoin Will Fail - Listverse
Should I Buy Bitcoin in 2020? (Pros and Cons) - CoinDiligent
Bitcoin: The Good, the Bad and the Ugly - Entrepreneur
Positive, thought-out posts about Bitcoin
The purpose of this sub is to be a gathering place to collect interesting stories that post a positive light on Bitcoin. Sometimes, you just need a bit of positivity. **On topic** Articulated posts links that describe how and why Bitcoin is doing well. **Off topic** - Alts (Litecoin, Ethereum, etc. XT is not an alt) - Anything that isn't a well written article. - Anything that supports one of the "factions" in Bitcoin against another faction.
/SorryForYourLoss is a place to showcase the top minds of bitcoin (and cryptocurrencies) failing to secure their precious internet money properly. It's a memorial for the countless incidents of thefts, scams, hacks, goxxes, .. etc.
Why Bitcoin is bad for small business... at least for now.
This might be an unpopular post, people on this subreddit especially dislike talking about flaws and issues facing Bitcoin. One big issue I keep seeing is a simple question of why so few people interact with the 99% of small merchants accepting Bitcoin. It simply all about trust. Bitcoiners are very comfortable dealing with the larger companies because well, they are established and probably won't scam. Once you start shopping with smaller companies, the amount of reviews goes down and the chance to get scammed goes way up. With conventional ecommerce you can transact with anyone and simply chargeback if you get scammed. It's very consumer friendly and gives all sized vendors a fair opportunity. Are there any startups right now focused on providing a form of consumer protection for Bitcoin yet?
Technology like Bitcoin which allows nearly instant, irreversable, unlimited money transfers is so badly needed. I run a small consulting home business and I often have customers pay me when the project is done. I don't take cash since customers are mostly all over the world. With credit cards, there is 2.5% fee + monthly fees to process transaction - this also comes with the mothafucking possibility of a chargeback. With wire transfers they have to make a trip to the bank, process is fucking painful and also costs money and sometimes money takes days to arrive. With cheques, you wait forever for them to arrive, then don't know if it will bounce or not. Paypal is shit, wouldn't go anywhere near it especially for larger transactions as they are known to lock people out of access to their own money. Corporations have the exact same problem with getting paid, except with hundreds of cheques. The system is bad. You'd think it would be easy to pay someone easily and free of rip-off fees in today's world of technology, but no, its fucking nearly impossible. I hope bitcoin can change that. I just wish more people had it so they could use it to pay. The sad part is, at these prices people are buying it as investment rather than instrument of payments. I hope that will change so I can get fucking paid on time the next time I complete a project.
There are plenty of valid arguments for why Bitcoin might fail, but absolutely none of them mean Bitcoin is a bad investment
No-coiners love to talk about Bitcoin tail risks as a reason not to invest:
"Governments might try to shut it down"
"What if a new coin is the Facebook and Bitcoin is the MySpace"
It is both true that these are valid arguments for why Bitcoin might fail AND that Bitcoin is an incredible investment. Every single asset has tail risks. The government can ban gold ownership. Tesla might be cooking their books. Apple's HQ might get destroyed by a comet. All possible but low probability events. The point that no-coiners are missing is that as long as the risk/reward trade-off is favorable, who gives a shit about tail risks. Bitcoin has an extremely favorable risk-adjusted return profile. tldr: anyone who references tail risks as a reason not to invest in Bitcoin does not truly understand investing.
Why is deflation, or lowering of prices, considered a bad thing if we are talking about commodity money such as Bitcoin?
Human productivity is measured in being able to do (buy) more with less time (money). Why do we need a currency such as Ampleforth which prevents this, when at the end of the day we all want lower prices?
JPMorgan’s crypto stance could offer edge over Goldman Sachs
The traditional finance world has long been skeptical of the crypto market, with many financial “gurus” and banks criticizing the nascent market, frequently leaning against age-old talking points for why Bitcoin is bad. It appears that this is starting to shift, however, as JPMorgan has recently taken some actions that appear to show that they are changing their outlook towards the market. This trend doesn’t mark any sort of shift in how the entire banking industry views the market, however, as JPMorgan’s fellow banking giant Goldman Sachs recently offered scathing remarks about Bitcoin and other cryptocurrencies. It is possible that JPMorgan will gain a valuable edge over its competitors due to its gradual acceptance of digital assets. JPMorgan and Goldman Sachs take conflicting approaches to crypto Earlier this week, the crypto market was taken aback by Goldman Sachs’ comments on Bitcoin that were made during a call with clients. In leaked slides from their presentation, they offered a host of reasons why Bitcoin and crypto in general should not be considered a viable investment by investors. CryptoSlate reported on the comments made within this call last week, in which the bank said: “WE DON’T RECOMMEND GOLD ON A STRATEGIC OR TACTICAL BASIS FOR CLIENTS’ INVESTMENT PORTFOLIOS. WE DON’T RECOMMEND BITCOIN ON A STRATEGIC OR TACTICAL BASIS … EVEN THOUGH ITS VOLATILITY MIGHT LEND ITSELF TO MOMENTUM-ORIENTED TRADERS. This is a sharp contrast to recent actions undertaken by JPMorgan – arguably Goldman Sachs’ primary competitor – who recently began extending banking services to companies within the crypto industry. The first two companies to be extended service were Coinbase and Gemini – two of the world’s most prominent cryptocurrency exchanges. This news led Galaxy Digital’s Michael Novogratz to note that this is emblematic of their acceptance of the crypto industry. “THE JPM ANNOUNCEMENT THAT THEY WILL PROVIDE BANKING SERVICES TO COINBASE AND GEMINI IS…RECOGNITION THAT THE FUTURE WILL INCLUDE CRYPTO CURRENCIES, DIGITAL ASSETS, AND BLOCKCHAIN BASED SYSTEMS.” This may offer JPMorgan a serious edge over their competition Because the crypto industry is so small presently and has significant room for growth, JPMorgan offering services to major industry players could ultimately provide them with a serious edge over their competition. As the industry grows in the years and decades ahead, JPMorgan will likely have first dibs on helping lead some crypto industry unicorns onto the public markets. This will help them cement their position within the industry, also leading their revenues to rocket – should the rapidly maturing industry continue to grow.
07-01 08:44 - 'This'll likely be an unpopular post... Did the record, in not Chinese or American. / [quote] Not saying it's worked well in China, but why is that your first and last point - what's inherently bad about communism vs unf...' by /u/Shaved_Wookie removed from /r/Bitcoin within 362-372min
''' This'll likely be an unpopular post... Did the record, in not Chinese or American.
They are communist
Not saying it's worked well in China, but why is that your first and last point - what's inherently bad about communism vs unfettered capitalism? Not that they're authoritarian, not that they've implemented a predatory, corrupt form of communism, just China is communist, and (seemingly) communism is inherently terrible.
Thanks for COVID-19
No doubt that it originated in China, and that they should have managed it better, but the US has done an objectively terrible job of mitigating the threat to itself too - we'd see a fraction of the death toll out had either country managed it better... At least China has now stepped up - still waiting on the same from the US.
They eat dogs
I love dogs (not as food), but objectively, why is this worse than eating pigs, which are smarter animals? Inb4 "pro-china shill" - I'm not in favour of China, I just don't see why your points are meaningful. I'd encourage you to expand upon them before you attack me personally - the latter will change noone's mind. ''' Context Link Go1dfish undelete link unreddit undelete link Author: Shaved_Wookie
06-30 09:14 - 'Funny coming from a Trump supporter who gets triggered anytime someone points out why OrangeMan is bad. For people who call others snowflakes, I've never seen a group of people so offended when their God idol gets...' by /u/DM_Me_Your_Bitcoin removed from /r/Bitcoin within 150-160min
''' Funny coming from a Trump supporter who gets triggered anytime someone points out why OrangeMan is bad. For people who call others snowflakes, I've never seen a group of people so offended when their God idol gets insulted. Disgraceful you don't even care that he ignored bounties from Russia asking the taliban to kill US, and UK solders, which resulted in dead solders. Though im sure you'll believe whatever lie he tells you on why he ignored it like "he wasn't aware", because to you orangemanisperfect and cannot tell a lie. No it's everyone else who is wrong in your eyes. Blind sheep you bunch are. ''' Context Link Go1dfish undelete link unreddit undelete link Author: DM_Me_Your_Bitcoin
Why are there people making post about Bitcoin is bad?
I mean if you don’t want Bitcoin and you getting out so be it but don’t make a post saying how bad it is. Stop posting articles saying it’s bad as well. That’s thee opinion. They don’t control the market anyways.
03-19 13:25 - 'I will tell you another reason why you’re a bullshitter and backward, all your babbling about US Debt or any other Debt making out like most do on Reddit that all Debt is bad and countries should run zero debt balanc...' by /u/CreepyCranfield9 removed from /r/Bitcoin within 366-376min
''' I will tell you another reason why you’re a bullshitter and backward, all your babbling about US Debt or any other Debt making out like most do on Reddit that all Debt is bad and countries should run zero debt balance sheets. Clear sign you’re talking with a cheesy kid as that’s not how debt work or needs to work there is good and bad debt and many tools to control debt. Reddit is full of fools like you. ''' Context Link Go1dfish undelete link unreddit undelete link Author: CreepyCranfield9
Bitcoin Why is Bitcoin Usability Still So Bad a Decade Later? Martin Young Jan 27, 2020 14:00 . Share. Tweet. Send. Share. New technology takes time to filter down to the masses but even after ten years, bitcoin still remains largely user-unfriendly for most. There could be a number of reasons why. Over ten years after it was conceived, bitcoin is still primarily used as a vehicle for ... Why BTC is a good investment for some (and a bad one for others) By Alexander Thellmann. Last Updated on March 27, 2020. Advertiser Disclosure . Should I buy Bitcoin? This is the question that many people ask themselves when they hear about the outlandish returns that this cryptocurrency has had over the past 10 years. After its creation in 2009, the Bitcoin price has been on a constant ... But the reasons why Bitcoin cannot succeed in the long run go so much deeper than that. Just like any other speculative asset, no one really knows what is going to happen in the future. However, when one looks at the big picture, it becomes clear that Bitcoin will struggle to survive. 10 Blockchain > Bitcoin. The most valuable thing about Bitcoin is that it introduced blockchain technology to ... The Bad: After you've bought your Bitcoin, there isn't much that you can do with it. Bitcoin is a great idea. Publicizing it to people who may or may not fully understand the concept, however, is ... CBDCs may be good for international payments, corporate loans, and online commerce, but they’ll be bad for your privacy. Keep the Bureaucrats out of Your Wallet . As the rise of bitcoin and ...
In the first of our Opinion series, digitalisation specialist Tara Shirvani, explains how mining cryptocurrencies like Bitcoin is having a negative impact on... Here's the good and bad of Bitcoin for preparedness and bugging out. See more preparedness strategies at http://PrepWithMike.com For more updates, visit: htt... Why is Bitcoin down today? Why is the cryptocurrency market down today. Memes aside today I take a look at some bitcoin price analysis, bitcoin news, and spe... Bitcoin is the price in trouble? Fed gives 2.3 trillion more reasons to buy btc with super corrupt deal and unprecedented US jobless numbers. CRYPTOCURRENCY EXPLAINED BEGINNER COURSE https ... Lets talk about Bitcoin and what I THINK caused the recent jump in price - enjoy! Add me on Instagram: GPStephan The YouTube Creator Academy: Learn EXACTLY h...