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Except ~99.99% of BTC transactions happen in exchanges off chain and aren't visible to anyone, and have a history of being fraudulent at many exchanges that hav
by onlyrealcuzzo 3y ago
Except ~99.99% of BTC transactions happen in exchanges off chain and aren't visible to anyone, and have a history of being fraudulent at many exchanges that have failed through the years...
- cs702 3y agoThat's true for gold too: Most gold transactions happen in exchanges. But the fact that there are successful intermediaries in the gold market is not an argument against gold's viability as a store of value. Ditto for Bitcoin.
- onlyrealcuzzo 3y agoThis is whataboutism. The claim is that BTC surely isn't fraud because the chain is public knowledge. This is irrelevant, because the vast majority of data is bullshit. The gold market has been manipulated to and fro, even with regulations. The idea that BTC isn't manipulated to oblivion JUST BECAUSE there's a public ledger (missing 99.99% of the data) is naive.
- jonhohle 3y agoWhataboutism is a method of responding to an accusation by making a counter-accusation against an opponent. (What about her e-mails?)
- eli 3y agoI don't think gold is a good investment vehicle nor means of exchanging value either.
- deleted 3y ago[deleted]
- xcv123 3y agoTell that to people who lost their entire life savings when their fiat currency hyper-inflated to zero value (Hungary, Zimbabwe, Yugoslavia, Germany, Argentina)