What do you think happens when paper money or gold and silver are replaced with electronic central bank controlled currencies? What do you think happens to your privacy, or your capability of financing or purchasing what you want?
I cant believe people are so stupid they believe that a digital currency, in the age of tech tyranny, is actually a good idea.
We need a shift AWAY from electronics that are ALWAYS controlled by a small group of people.
Take for instance India. Bitcoin and other private cryptos will be made illegal, meanwhile government central bank issued cryptocurrency is being developed. What does that sound like to you? Sound like a good proposition?
Wake up people. We need to scrap fiat currency and return to gold and silver. Dont listen to the shills saying crypto is the way of the future. It is not. It is the way to enslavement.
Furthermore, the SHA256 algorithm upon which Bitcoin and most cryptos are based, was created by the NSA. Therefore the NSA would be the only organization in the world to have the backdoor to everyones wallets. Until central banks get involved.
The solution is not magic internet money. It is abolishing central banks, and furthermore, returning to sound currency based on precious metals, that are untraceable and provide us with freedom, security and privacy.
Please crypto people, stop selling yourself a utopian dream.
It is indeed a technology. Like the evolution of currency from polished sea shells to gold and silver, this technology has itself for better or worse become a curency in some circles.
The problem is that the "digital world" really is just these large mega cities that seem to live in a bubble. Outside of these city bubbles is the real world where all this future fantasy stuff falls apart.
If this is to be the future of currency then it needs a longer time to penetrate into the rest of the world outside of mega cities. Even in the USA, there are places where power goes out weekly, internet is spotty and unreliable, and stores that only accept cash.
I don't think people are against it because they are afraid of the change. I know for me what concerns me most about Bitcoin in particular, is the foundings of it seem unclear to me. Also the level of required technology for it to work. I see this magical term "blockchain" thrown around. No idea what that is or does and it doesn't even matter if at the basic level there is no power or no internet to perform a transaction.