Bitcoin is a good investment, but never a global currency

[The One]

Yuanwei: One of the seven writers of the book Bitcoin, has been holding btc for 4 years and never sell one bitcoin. He started to think bitcoin is actually anti-human and a zero-sum in 2016. Fixed amount will cause the 80/20 rule and the rich have no responsibility for the poor. So if Bitcoin becomes the world currency, it will inevitably lead to the polarization of wealth and cause social unrest.

http://news.8btc.com/bitcoiner-yuanwei-bitcoin-is-a-good-investment-but-not-a-global-currency

The writer is a grade A idiot.

Ignore the plonker.

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[DoublerHunter]

I agree to the title of this topic, bitcoin is a good investment but not a global currency because a lot of countries in the world is still not using bitcoin or using it as a currency and some of them banned bitcoin already so it is nearly impossible for bitcoin to be legit global currency unless all of the countries will accept bitcoin.

[malami]

Bitcoin is an asset but its failing as a currency. He is right though regardless of it being an asset or a currency it leads to the polarization of wealth. This is the same with any kind of investment for the simple reason being the rich can invest whereas the poor only have the basic needs to survive so the rich get richer while the poor stay poor.

[Doofus]

Bitcoin will never become a 100% global currency, so just forget that. This pipe dream of Bitcoin becoming a global currency, is impossible. People and countries cannot even come together on things like climate change and cultural differences, so why would they accept Bitcoin as a reserve currency?

80/20 will be with us, as long as there are capitalist systems in this world. ^hmmmmm^

now you are telling the truth. Some enthusiasts are just too optimistic . BTC is mostly negative on media coverage and it is lack of regulation. will it be the world currency? doubt it.

[the rise]

Bitcoin will never become a 100% global currency, so just forget that. This pipe dream of Bitcoin becoming a global currency, is impossible. People and countries cannot even come together on things like climate change and cultural differences, so why would they accept Bitcoin as a reserve currency?

80/20 will be with us, as long as there are capitalist systems in this world. ^hmmmmm^

now you are telling the truth. Some enthusiasts are just too optimistic . BTC is mostly negative on media coverage and it is lack of regulation. will it be the world currency? doubt it.

The main reason why this happens is that the idea of bitcoin creation goes against capitalism, the world wants to centralize so that the state can control the economy of their respective peoples, I don't say they will not accept bitcoin, but it does need global regulatory processes and regulation. Currently bitcoin to be the best investment in online business, in the future nothing can stop bitcoin, the best way is to adopt it.