Anarchists love imagine how their perfect world would work, be it private companies competing for customers in all the fields currently occupied by government, or the citicizens doing it on their own, but the reality is, if you take away the state, you'll have a huge power vacuum, that will quickly get filled by violent people, like gangsters and warlords, and they will build a system much worse than a typical modern government. Until someone will actually implement anarchy on a large scale, and it will perform better than traditional society, anarchy will remain just a theory.

If you expect Bitcoin to fall, then you should just exit the crypto market and hold cash or look for other markets - because all altcoins follow Bitcoin, so you can't diversify in this market. Gold is probably a good alternative to Bitcoin right now, since it's actually a hedge against stocks, and stocks continue to bubble, which means a crash will come.

Torrents are full of malware too. I suggest checking piracy-related subreddits, they often have links to more or less verified resources as well as feedback and discussions, but still, pirating is always a gamble. If you have at any point installed pirated software on a system, consider it unsafe for any sensitive operations, like dealing with crypto.


Before crypto I would pirate anything and everything, worst case I'll have to reinstall my pirated Windows, but after crypto I'm only using open-source software, or buying a licensed one - even though I don't store coins on my online PC, I still don't want taking any risks. It's true that open-source alternatives aren't as good as their commercial counterparts, but I sleep better knowing that there's little chance I have malware that can mess with my crypto and other private stuff.

There are countless scam methods and you can't learn them all, but they all have one thing in common - they all sound too good to be true. In this case, why would anyone want to buy your empty wallet? "Because they like your adddress" is a really bad explanation, cause it's just a bunch of random letters, and you can always get a similar-starting address with vanitygen. All these scams are based on a psychological trick, the tendency of many people to stop thinking rationally when they are overwhelmed with emotion, and everyone gets very happy when it seems that they are about to get some easy money. So, never let your guard down, think critically.

In relation to Bitcoin, what makes a presidential debate day different from any other day? Nothing, so this tweet can be rephrased as "X time ago, the price was this lower", and given the history of Bitcoin, you can make thousands of such comparisons. This isn't really different from saying "a pizza costed 10,000 BTC, now BTC is $10,000". But so what? This is just some trivia right now, there's no rule that says that the price will repeat the same movement again. The last 2-3 years were quite volatile, with both ups and downs, and that is more important than a distant past with very different circumstances.

Taking financial advice from social media shitposts - what could possibly go wrong? If someone would actually buy BTC because of posts like this, it would probably do more harm than good, since they won't know how to properly use it and will likely just store it on exchange, or worse, download a fake wallet.

This narrative is already not as popular as it was before. It probably peaked around 2018 and was on decline since then, and the coronavirus crash in this year probably opened eyes to some people. And anyway "bitcoin is digital gold" is more like a twitter/reddit meme rather than an investing paradigm, it was never seriously considered by mainstream investors.

I never paid attention to these lagging indicators like google trends or twitter mentions. They have immeasurably small influence on the market. Twitter mentions are down because Bitcoin's price isn't showing some amazing performance like in 2017, but it won't be crashing because Twitter mentions are down, there's no feedback loop here.

There's no 100% perfect method for storing your seed, there will always be some risks. What you should do is store multiple copies of your seed using different secure methods - and ideally all in different places, if you can have more than one place that you trust.


Splitting your seed only truly works if you use special cryptographic secret sharing schemes. Simply splitting it won't work, because having a part of the seed can be enough to bruteforce it.

I'll never donate to anyone who lists bcash or bsv, they are just legitimizing these scamcoins that want to destroy Bitcoin.

But even if they didn't, I still wouldn't donate to OpenBazaar, I don't see how can they turn things around, at best it would just allow them to operate a tiny bit more. Their model isn't working, or maybe people just don't view Bitcoin as money right now, and until this changes, we won't see any boom in Bitcoin-based commerce.

All the alleged benefits that you have mentioned can be achieved with a single seed or private key using schemes like Shamir's secret sharing. Multisig addresses have a drawback - since you need to provide multiple signatures, your transactions will be larger and will require higher fees, and since Bitcoin fees tend to get high from time to time, it can be a problem for some users.

Overall I'd say these benefits aren't very great to recommend it to most people. It's better to focus on avoiding malware and phishing, since that's how 99% of coins get stolen.

Patents, as if documents, don't really get stolen, there's no point in that. What actually happens is that someone just uses your idea without respecting the copyright, and due to some legal loopholes, they don't get punished for that. There's absolutely nothing that blockchain can help here with.

Patent offices don't really get hacked, and they don't have rogue employees change the records, things like that almost never happen, so even if we agree that blockchain can work here, which is a really big "if", it still doesn't improve anything really.

Satoshi wasn't the only person who mined Bitcoin in the early days, and he really had no choice but to mine those blocks, or the network would stop. It's not his fault that not as many people were interested in Bitcoin in the first year, it was still a highly experimental software that few people believed in. Satoshi didn't keep Bitcoin's existence or the software and mining process a secret, so you can't really call it a premine - other people had an opportunity too.

This idea that Bitcoin can fix some major problems usually comes from crypto news sites who need to spew clickbait articles constantly, or from Bitcoin enthusiasts on twitter or other platforms, who don't actually do any research to back their claims, and just project their own feelings. It's always better to be a realist and be skeptical towards any big claims, especially if they are not backed by anything. There a saying "extraordinary claims require extraordinary proof", so always ask for proof.

Most people aren't using their devices effectively and often make serious mistakes. You need to be motivated and put some effort to use Bitcoin effectively, and many people will choose the path of least resistance, which is clicking on the first link they see, which can be some phishing or just bad info.

I'm not saying that anyone who will try to use Bitcoin will fail, but the risk is pretty high, so Bitcoin is not a safe gift, and bad gifts can spoil relationships. Also, gifting Bitcoin might look like you're trying to lure someone into this community, it's like gifting someone a religious book or something like that. Some people will view it as poor taste.

Yes you can, it was only popular because you could try to make money with breeding kitties. Very few people cared about it as a game, which means that this model wasn't sustainable and it was just a speculative bubble.


It won't really disrupt centralized gambling until full scalability is achieved. You can place hundreds of bets per second (and some people use it with official bots), without paying any fees in centralized gambling. And thanks to the provably fair system, exit scam is the only risk, which is pretty rare in crypto gambling.

What exactly did this meme start? It's just fan art for the /r/Bitcoin subreddit, this meme isn't even known outside of Bitcoin community.


The original version is clearly superior. Sometimes less is more. While this new version is clearly very well made, it lacks some "hook" that makes the original so memorable. It's just like with any other meme, when someone tries to redraw it in higher quality, it never replaces the original.

I would never gift Bitcoin or anything Bitcoin-related to anyone who isn't good with technology in general - there's just so much that can go wrong. And even if they are good with tech, they still can have a bad time with it - high transactions fees, exchanges that demand KYC, lots of phishing and so on - you'd really need to guide them step-by-step all the time, which means that this gift turns into a chore. Gifts are supposed to bring happiness, not create difficulties.

It's only a matter of time until some DeFi developers will start abusing their admin keys privilege to scam people, this field is ripe for that - tons of investors blindly throwing their money in anything "DeFi", just like it was with ICO and blockchain in 2017. Anyone who is playing on this market right now needs to understand that sooner or later the hype will be gone, and when that happens, a crash will come.

Gamers never asked for the features that blockchain provides - immutability, "truly owning your assets", even p2p trading is highly controversial - Diablo 3 originally came with real-money market, which was shut down after a year due to a negative feedback from the community. To me it looks like blockchain companies are very desperately trying to find use for their revolutionary technology and failing miserably. All what gamers want is for games to be fun, update content frequently, be priced fairly, run smooth and have less bugs. Blockchain isn't helping with anything of that.