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There's several aspects to trust in Bitcoin. 1. The miners won't just up and leave, or are regulated out of existence. 2. The developers (and/or miners) hav
by bb88 4y ago
There's several aspects to trust in Bitcoin.
1. The miners won't just up and leave, or are regulated out of existence.
2. The developers (and/or miners) have your best interest (and not theirs) at heart.
3. Hodlers won't suddenly do a run on BTC bringing down the value dramatically. Diamond Hands often turn into Bag Holders (with out diamonds in the bag, btw).
4. The government won't prosecute you for holding BTC or exchanging it for goods and services, or say, dollars.
5. There's nothing propping up the value of BTC other than the good will of hodlers. There's no FDIC, Federal Reserve, or other large entity that can inject capital to stabilize the price.
6. Your public wallet tied to your real name/bank account won't get tied to a money laundering/human trafficking case accidentally. Why? Because you accepted BTC from a known bad wallet!
- tempera 4y agoDo you think the President of USA has your best interest (and not his) at heart?