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They are absolutely not nonsense. As a citizen living in a thirld-world country, with a very authoritarian government that seizes property and confiscates goods
by 10amxn10 4y ago
They are absolutely not nonsense. As a citizen living in a thirld-world country, with a very authoritarian government that seizes property and confiscates goods, I can tell you that Bitcoin is the ONLY method I have to transfer value in and out of the country. I don't save money or treat it like stocks, I just transfer money.
Bitcoin works, in the real world. It has worked flawlessly for over 10 years. Whether people speculate on its value, whether there are unrelated scams that use the word 'blockchain', whether people mistakenly write the address and lose money, or whether transactions have 'no refunds', that doesn't take any of the value. It was a known danger from the very beginning.
This article, on the other hand, is complete nonsense. Same as most takes that conflate Bitcoin with blockchain with NFTs with pyramid schemes and throwing them all into one big bag.
PS: I can only speak for the Bitcoin (proof of work) blockchain. It's innovative, it passed the test of time, and it's secure due to how strengthened it is.