Bitcoin is no better than any other fiat currency, and because neither you nor I get to vote for who mines Bitcoins, there is no reason to trust Bitcoin. At least I get to vote for President and Congress and State's Governors etc. I don't get to vote for the whales who run Bitcoin and rob everyone else of their wealth.
How many people here are educated and think Bitcoin is a ponzi scheme and will collapse the global currency market?
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An experiment at the very least. Definitely not a good investment. It's people playing with new technology. Good kick in the nuts for law makers to understand new technologies that would take a century without bitcoin.
Bitcoin always had an expiration date having a finite number Bitcoins and people eventually destroying their keys. The famous guy who throws out a million dollars in a hard drive to a landfill and actively searched for it. That's its limit of inflation control and a stagnating currency is as bad as an inflating currency.
Drop in the ocean of global currency markets but I'll stick to my silver and gold
I do not think it will collapse the global market but it is absolutely a scam.
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