Bitcoin will hit the ditch of history pretty soon.
Why:
Because it is infested with scam. I am not talking about theoretical scam, but real-life.
Examples:
1. more than 50% of miners manufacturers scam their customers-a fact.
2. mining pools are constantly off line due to multiple sustained attacks, putting mining revenue in jeopardy
3. hashing speed undergoes gigantic fluctuations, suggesting a possibility that large unused hashing potential exist that could be used for the 51% attcak that would render bitcoins useless
4. someone (early adopters) is constantly selling, resulting in a 6 mo downtrend.
7. governments are actively undermining bitcoin-china
FIAT
1. more then 50% of moneymakers scam account holders... a fact
2. many bank ATM limit customer access to funds daily, their call centres are always bsy and they only have their doors open for 9hours a day 5 days a week. (alot of downtime compared to other 24/7 services)
3. banks move money from country to country, suggesting a possibility of large unused financial potential could be used to F**k over the forex and debase the already indebted FIAT market
4. wall street is constantly selling fiat causing the national debt of all countries to grow while wall street makes their profits
now onto scams
i can recall the nigerian prince, the foreign lottery, the nknown relative leaving an inheritance, the foreign friend's hospital bills. the mail order bride.. all of which are FIAT scams
then look at on the stret scams.. pickpocketing, card cloning, identity theft.
then look at banking scams.. HSBC getting away with laundering.
then look at bank history. armed robberies, bank heists.
and the biggest scam of all.. the national minimum wage scam. forcing people to work as slaves due to it being legalised that it is acceptable to pay people very little.
need me to continue?
no? well ill just summerise.. where ever there is something of value that people want. there is always a dishonest person that wants it without earning it. to me that just shows that it has actal value as no one would risk jailtime for something that has no real world value
id be more concerned when the day cames that scammers and theives DON'T want bitcoin.. because when these scammers DON'T want a bitcoin that is given to them through an easy con, then why would anyone honest choose to pay for it
Agreed.
Its stupid how everyone on here turns a blind eye to the huge influx of programmers and investors that are getting into bitcoin