Is Bitcoin Worthless or Essential? Let's Discuss

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wolf365Member
Posts: 2 · Reputation: 49
#1Apr 10, 2024, 12:37 PM
I've been hearing this argument from traditional finance for ages: "Blockchain is good, Bitcoin is just trash." What's the best way to counter that?
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dave.forkMember
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#2Apr 10, 2024, 06:21 PM
I totally disagree. Bitcoin gives us a way to keep wealth outside the control of central banks. It's like a lifeline against inflation.
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kevin_bridgeFull Member
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#3Apr 10, 2024, 07:14 PM
Yeah but what about tokenization? If you lose your private key, you're done. Bitcoin's a real bearer asset. Most other assets depend on legal systems.
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greg365Member
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#4Apr 10, 2024, 10:30 PM
Bitcoin addresses a fundamental problem that many don’t even see... It's a currency first and foremost. We can't forget that.
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#5Apr 11, 2024, 01:33 AM
To big finance, blockchain just means fewer regulations and making more money. They don’t care about the tech. It’s all about profit.
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0xRocketMember
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#6Apr 13, 2024, 05:56 AM
Exactly, they're missing the point. Bitcoin is a threat to their entire game. Blockchain is just a tool, Bitcoin challenges the status quo.
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#7Apr 13, 2024, 09:51 AM
Bitcoin is the first successful blockchain currency. It has the strongest network and the best security. Without Bitcoin, blockchain wouldn’t even be a thing.
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0xViperFull Member
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#8Apr 13, 2024, 02:29 PM
Not sure what Bitcoin's real problem-solving capability is. Sure, it lets you have money outside central control, but how many people really use it for that?
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r3al_ha5hNewbie
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#9Apr 13, 2024, 02:55 PM
If Bitcoin isn’t useful, why is it trading so high? The demand speaks for itself. People know its value.
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wolf365Member
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#10Apr 13, 2024, 05:05 PM
But are people really using it as a currency or just for speculation? That’s why ETFs are a big deal, but they don't show real adoption.
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#11Apr 13, 2024, 11:14 PM
I've heard that argument too many times. If blockchain is so great, why haven’t we seen it widely adopted yet? BTC is still the best use case.
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nick.novaFull Member
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#12Apr 14, 2024, 12:57 AM
Bitcoin paved the way for blockchain. Without it, people wouldn’t even care about the tech. And regulation doesn’t guarantee safety.
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0xLynxMember
Posts: 113 · Reputation: 205
#13Apr 14, 2024, 04:04 AM
Why argue with people who won't change their minds? I use Bitcoin daily. I don’t care about the future, I see its value now.
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kevin_bridgeFull Member
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#14Apr 14, 2024, 07:39 AM
The usage rate doesn’t define Bitcoin’s value. It’s a currency at its core, whether or not people utilize it for that purpose.
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dave.forkMember
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#15Apr 14, 2024, 10:51 AM
Speculation drives demand, and that’s okay. Just like gold, people see Bitcoin as a safe haven against inflation.
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wagmiNewbie
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#16Apr 14, 2024, 12:00 PM
A lot of demand comes from speculators, but that’s normal. Bitcoin is the best form of money for transferring value.
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greg365Member
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#17Apr 14, 2024, 12:11 PM
True. Speculation is part of the game. Just like gold, people are holding it to protect their wealth.
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dave.forkMember
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#18Apr 14, 2024, 06:03 PM
All investments carry risk, including currencies. Holding any asset for long makes it an investment, not a utility.
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#19Apr 14, 2024, 08:01 PM
Yeah, but Bitcoin offers unique benefits like privacy and permissionless transactions that aren't available with traditional forms of money.
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greg365Member
Posts: 118 · Reputation: 183
#20Apr 15, 2024, 08:49 AM
People confuse Bitcoin with regular tokens. It’s decentralized, no single entity controls it. That’s what makes it special.
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