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Author Topic: That's why I really like bitcoin :)  (Read 1743 times)
ancafe
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September 11, 2022, 05:36:53 AM
 #81

Another best thing is, bitcoin stimulates so many young entrepreneurs to develop their own projects. In addition, bitcoin can be a flexible investment. You can get hold of it for a long period of time with a potential return that even exceeds any other physical investment. it's just that, among the many advantages, advantages, and benefits of bitcoin, there are still quite a lot of people who see and take advantage of this from the negative side. well, it's hard to stop, but this can be a lesson so that we can use things more wisely.

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September 11, 2022, 10:17:13 PM
 #82


Of course its being loved by people because of the non-regulation and decentralization. I mean think about how much freedom this gives us. This is why I believe that the best thing to do is not to even care about the current situation and the bear market because no matter what happens we are going to end up with a lot of better results in the end due to this decentralization asset that we have. People will keep on seeing how much corruption and control politicians have, and they will keep on going into bitcoin a lot more.

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September 12, 2022, 02:09:57 AM
 #83

i really like bitcoin because the transactions are very safe, the system applied is also very good, the market is very stable, although lately the market is bearish but I'm sure the next few months will be better because I saw a lot of people starting Entering the crypto world is very fast and surely it will also affect bitcoin in the future and not only rich people can buy crypto(bitcoin) but everyone can buy it. and don't forget to learn the most important thing first because the name is also the market there is profit there is loss.
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September 12, 2022, 02:40:20 AM
 #84

Bitcoin is indeed bringing changes to how a lot of things are being done, but on the part of fighting corruption in the government, I am yet to see any proof on that. I think a corrupt government still stays corrupt and wouldn’t be changed by bitcoin. If the people really wants to combat corruption in their country, then it is their duty to do so by voting in the right candidates for the job and also holding them accountable for the decisions they make.

Bitcoin is just a financial tool, helping us to improve our finances, making payments and keeping our assets safe. Bitcoin is not a court or a judge that can stop corruption in government or stop criminal activities. I think you are asking too much about the possibilities of bitcoin.
Corruption is human behavior and it can only be controlled if we have a good enough government apparatus to do it.
In some communist countries, the right to vote is not yet in the hands of the people, so they cannot prevent corruption either.

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September 12, 2022, 03:12:14 AM
Merited by JayJuanGee (1)
 #85

Those attributes which you have highlighted are especially suitable. Bitcoin is actively used and practically every person is interested in investing in bitcoin. The returns of cash which bitcoin generates are more substantial. Actually bitcoin is recognized in every nation and locality and is more acknowledged  as compared to the others. Now a days the bitcoin is suffering from the declining and reducing  price but there is a great deal of hope for its evaluation to reach a peak again.

Bitcoin has had many ups and downs, and people are not looking to have bitcoin right now because it seems to them that it is an asset that will not rise in price, some people I talk to tell me that bitcoin is not safe because they are not supported by banks and the only government that supports them is that of El Salvador.

It is very difficult to make them understand that bitcoin does not need support because otherwise it would be controlled in its entirety, I explain to them that the most beautiful thing about this is that any person can have control of a part of the market, and it is by buying and selling, but only the who decide to invest will enjoy good profits.

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September 12, 2022, 12:42:29 PM
 #86

Bitcoin has had many ups and downs, and people are not looking to have bitcoin right now because it seems to them that it is an asset that will not rise in price, some people I talk to tell me that bitcoin is not safe because they are not supported by banks and the only government that supports them is that of El Salvador.

It is very difficult to make them understand that bitcoin does not need support because otherwise it would be controlled in its entirety, I explain to them that the most beautiful thing about this is that any person can have control of a part of the market, and it is by buying and selling, but only the who decide to invest will enjoy good profits.

Because they refer to a security that they think is stable then it must be linked to a bank but they don't dare to own bitcoin because there is still a sense of fear and panic due to price fluctuations but in fact this can reverse prices to be higher once we know the cycle happened before, I myself trust bitcoin more than others because it has its own control over everything.

Actually about talking about bitcoin, many friends have asked me this, but I always explain with my own principles, bitcoin is an asset that is controlled by itself without other parties we can store and sell whenever you want that's what I like compared to other assets .

But in my friend's view, there are those who believe in bitcoin assets and those who don't, but what is clear is that I enjoy investing in bitcoin with confidence in its optimism.

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September 13, 2022, 12:29:04 AM
 #87

Bitcoin doesn't fight corruption directly, it's a symbol of transparency and the government hates transparency because they feel the people will see everything they are doing. If the government adopt bitcoin as a means of payment, legally adopted within a country as a legal tender, the rate at which people will steal mass money will be cut down to zero. Imagine where the government allocated $4 million for a mass project, the wallet address is visible to be public and everyone else is seeing the balance, do you think they wouldn't hold public leaders accountable for missing funds, stealing will become difficult and corruption will become completely eradicated.
Corruption is not even that much hidden to be fair. I mean if you think that it is hidden, then check the bribes that US politicians get, or check your own, I am sure that you will find it everywhere in the online news world, there are a lot of people talking about corruption going on in every nation of the world.

So bitcoin wouldn't really change that, like for example my own nation has a website that shows all the money spent on what, and government and cities are spending their money to friends anyway without worry, because they know that you either vote for them, or you vote for their opponents which you dislike, hence they know their fans will accept their corruption.

If you believe that the whole world is corrupt and all actions are futile, then you live in a pretty jaded world.

Of course, there is corruption in a lot of places, and some of that corruption seems to be right in the open in terms of which entities (and persons) are getting awarded government contracts - but there are still levels regarding the extent to which allocation of contracts is acceptable to be open or closed.. and there are levels to whether societies value purporting to have standards, practices and procedures and the rule of law.. or if it is just willy nilly.  The degree of corruption makes a huge fucking differences and if you believe that all kinds of corruptions are the same, then you are living in a world of futility.. or at least those kinds of ideas about whether the actions of any of us matter.

Getting back to bitcoin.  Sure, bitcoin cannot fix everything and cannot fix everything right away, but if you ponder over how various fiat systems are manipulated, bitcoin brings objectivity to several of those matters, and soundness to the money.. and having monetary soundness seems to be something that is lacking in a lot of ways.. .Sure some forms of money are more sound than other forums of money in terms of having foundations in production, yet there is no money that even comes close to the soundness of bitcoin, so in that regard, having sound money is quite likely to improve a lot of incentives all over the world, and bitcoin is already seeming to have that effect in terms of its inspiration of minds and then creation of sound incentives.

The more that the monetary values of people, institutions and governments gravitate into bitcoin, the more likely we are going to continue to witness incentives within bitcoin improving and also incentives of other competing systems improving.. just take money transmission systems into account.  

Some of the monetary transmission systems have had to try to improve their systems for sending money both in terms of their fees but also in terms of their timelines for transmitting money/value, so in that regard, bitcoin is likely already positively affecting some of these systems, even if credit is not given to bitcoin for the improvements. Likely similar improvements are happening in regards to gold and silver markets because they are trying to compete with bitcoin, but they are way inferior to bitcoin, so they are likely going to continue to lose market share to bitcoin for years and years and years (even decades) to come.  

Other systems that are currently storing value are going to lose value to bitcoin too because they are less efficient than bitcoin in terms of storing value.. sure some of the systems have utility value or even productivity and innovations, so those systems are likely going to continue to hold some of their value, but the monetary value is quite likely to flow to bitcoin and to continue to flow to bitcoin because bitcoin is way more of a pure system that is designed specifically to be the soundest of monies and it is ongoingly gaining traction in the direction of the soundest of monies because more and more people, institutions and governments are recognizing bitcoin as the soundest of monies and a unique asset class that had never previously existed.. so people are getting used to it, which is likely causing their behaviors to improve and to continue to improve, even if it is likely going to take several decades to play out and to figure out because there are going ot be ongoing battles and even uses of bitcoin for gambling and for the objectives of enemies, so the battle for value to gravitate into bitcoin is not going to play out in smooth kumbaya ways in the coming decades, even though it seems quite poised to win and quite poised to continue to inspire more sound behaviors that line up with having a sound money (bitcoin) that is in existence and continuing to gain influence in its existence (and adoption) to more and more segments of the world whether friends or enemies.

There are very few people who don't like Bitcoin these days. Because when you invest, the amount of wealth increases, that wealth is saved and in original way you will understand that Bitcoin is a priceless asset. Although many of you have moved from gold trading to bitcoin investing and the benefits are doubling. Trust yourself when you engage in such activities continues to gain and it has become widely popular. Bitcoin is a well-known coin

You may well be exaggerating the knowledge and awareness of people regarding bitcoin.  I would proclaim that an overwhelming majority of people have hardly any clue about what bitcoin is, even if they heard the word and even if some of them might have decided to dabble in bitcoin.  We are still in very early stages of adoption, even though there are surely some folks who have figured out that bitcoin is similar to gold, but actually better than gold (as you mentioned).. but the number of people who are actually both aware of bitcoin's investment thesis and who are employing meaningful and prudent investment strategies in order to attempt to coordinate their BTC investment allocation with such a sound money investment thesis is low as fuck.. it's so low that ONLY less than 1% of the world's population has invested in bitcoin, and maybe even many of us who have invested in bitcoin have not really sufficiently and/or adequately invested into bitcoin... and surely the bitcoin hoards like Michael Saylor and a few others do make up for some of the lack of passion (and action) of the overwhelming majority of the worlds population who do not even own 1 satoshi and have not taken action to start securing some satoshis just in case bitcoin catches on.

And, for sure there are no guarantees that bitcoin's price is going to continue to go up, even though bitcoin seems to be amongst the best (and probably the best) asymmetric bet to the upside that anyone could make in these times... and bitcoin is available to everyone and anyone with even very small amounts of money to invest on a regular basis.. even as low as $10 per week or lower amounts can be bought. which is surely not true for a large number of other assets/investments to be so available to anyone who merely has enough resources to figure out how to hold their private keys.. whether paper wallet or on lightning network or even some kind of an electronic device (and may not even need to be a smart phone, but could be a card or a chip).. and they can also hold their keys in their head (not recommended) and other ways of holding back up seeds.. still a lot of innovations and ways of interfacing with the network to be able to hold private keys (hopefully improving user-friendliness, but there still may well be some learning involved in the various ways to hold private keys - or to have them held by third-parties, second-parties.. or by uncle Jims)

Thank you sir I agree with you. Because Bitcoin is a virtual currency that you can make profits and losses when you invest. That's why we can say that Bitcoin is loved by everyone because it is a trending time Currency which is in circulation in all countries due to which people of almost all countries of the world are leaning towards this currency. So it can be said that Bitcoin is preferred by more or less everyone. And looking to the future Popularity can be noticed by everyone.

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September 13, 2022, 05:13:38 AM
 #88

There are very few people who don't like Bitcoin these days. Because when you invest, the amount of wealth increases, that wealth is saved and in original way you will understand that Bitcoin is a priceless asset. Although many of you have moved from gold trading to bitcoin investing and the benefits are doubling. Trust yourself when you engage in such activities continues to gain and it has become widely popular. Bitcoin is a well-known coin

Honestly I don't really care about how people value bitcoin, whether positive or negative, at least everyone is not too subject to the current reality, and in the crypto world there are no rules and are free to own it without being regulated by their government, because that's a lot of people who switch to digital assets, where they can store their assets as they please, so don't be surprised by the growth of bitcoin every year, and it will continue to grow over time...

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September 13, 2022, 08:58:00 AM
 #89

I am interested in Bitcoin because the system makes it very easy for me to make transactions using Bitcoin, not only that I tried to invest in Bitcoin at that time in a few years later Bitcoin changed my life for the better in the future, so at that time I really liked Bitcoin, not only that, I also introduced it to my close friends to find out how Bitcoin works and their response was very curious and then they tried to invest in Bitcoin.
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September 13, 2022, 12:34:21 PM
 #90

There are very few people who don't like Bitcoin these days. Because when you invest, the amount of wealth increases, that wealth is saved and in original way you will understand that Bitcoin is a priceless asset. Although many of you have moved from gold trading to bitcoin investing and the benefits are doubling. Trust yourself when you engage in such activities continues to gain and it has become widely popular. Bitcoin is a well-known coin

Honestly I don't really care about how people value bitcoin, whether positive or negative, at least everyone is not too subject to the current reality, and in the crypto world there are no rules and are free to own it without being regulated by their government, because that's a lot of people who switch to digital assets, where they can store their assets as they please, so don't be surprised by the growth of bitcoin every year, and it will continue to grow over time...
You have noticed the changes and people are adapting to new technology which is more preferred than fiat money especially if we are too busy in life that has limited time to go to the bank. It means that this idea has been welcome in the community and more people are able to move their assets into digital currencies like Bitcoin. It is to see that Bitcoin gives a huge change in the community in regards to their lifestyle and of course, an opportunity to make investments.

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September 13, 2022, 03:16:19 PM
 #91

I don't know why I heard the name Bitcoin so much in 2014, I was so interested in trying to get to know bitcoin more deeply, sharing a little story, that year where I decided to stop working, and focused on learning to make money in Bitcoin, it was quite unexpected.  2016 to 2017, Bitcoin changed my life at that time, where bitcoin was trending in cyberspace, even the price rose so high, making everyone want to have bitcoin, and my economy was helped by Bitcoin, why I like Bitcoin  because Bitcoin helped me to own many real assets, especially house and other assets..

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September 15, 2022, 07:14:26 AM
Merited by JayJuanGee (1)
 #92

There are very few people who don't like Bitcoin these days. Because when you invest, the amount of wealth increases, that wealth is saved and in original way you will understand that Bitcoin is a priceless asset. Although many of you have moved from gold trading to bitcoin investing and the benefits are doubling. Trust yourself when you engage in such activities continues to gain and it has become widely popular. Bitcoin is a well-known coin
Honestly I don't really care about how people value bitcoin, whether positive or negative, at least everyone is not too subject to the current reality, and in the crypto world there are no rules and are free to own it without being regulated by their government, because that's a lot of people who switch to digital assets, where they can store their assets as they please, so don't be surprised by the growth of bitcoin every year, and it will continue to grow over time...
I mean governments can't regulate bitcoin itself, they can still regulate you, people need to understand this about regulations. What you do with bitcoin is regulated and it is regulated heavily, but what bitcoin wants to do can't be controlled by any government.

In reality, it can be, but would require trillions to do it, nations would have to get together and all politicians would agree to buy bitcoin as much as they can without making the price go up too much, and then they would own majority enough to control it, even buy miners to follow it, and then create a new blockchain and go with that. But it would be a futile attempt since we would just create our own and go there.

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September 15, 2022, 07:25:34 AM
 #93

There are very few people who don't like Bitcoin these days. Because when you invest, the amount of wealth increases, that wealth is saved and in original way you will understand that Bitcoin is a priceless asset. Although many of you have moved from gold trading to bitcoin investing and the benefits are doubling. Trust yourself when you engage in such activities continues to gain and it has become widely popular. Bitcoin is a well-known coin
Honestly I don't really care about how people value bitcoin, whether positive or negative, at least everyone is not too subject to the current reality, and in the crypto world there are no rules and are free to own it without being regulated by their government, because that's a lot of people who switch to digital assets, where they can store their assets as they please, so don't be surprised by the growth of bitcoin every year, and it will continue to grow over time...
I mean governments can't regulate bitcoin itself, they can still regulate you, people need to understand this about regulations. What you do with bitcoin is regulated and it is regulated heavily, but what bitcoin wants to do can't be controlled by any government.

In reality, it can be, but would require trillions to do it, nations would have to get together and all politicians would agree to buy bitcoin as much as they can without making the price go up too much, and then they would own majority enough to control it, even buy miners to follow it, and then create a new blockchain and go with that. But it would be a futile attempt since we would just create our own and go there.

The way that incentives are structured in bitcoin, it is doubtful that owning a lot of bitcoin gives you any extra power, and it surely has been asserted that the node runners have more power than the miners.. so it is erroneous to proclaim that miners are able to control bitcoin or even to be able to sustain any kind of majority mining scenario, as you have acknowledged that there are possible counter measures that could be played with bitcoin if there was an appearance that the network was being attempted to be taken over my some overly influential power that was attempting to change or modify BTC consensus in ways that were not generally accepted by the overwhelming majority of the bitcoiners (which largely seems to be the node runners who count in bitcoin..).

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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September 15, 2022, 08:28:08 AM
 #94

Hi I find this  useful for me
hope it would be use ful for you too:
Bitcoin Halving Dates Change: When Is The Next BTC Halving?
https://www.cryptologi.st/news/bitcoin-halving-dates-change-when-is-the-next-btc-halving
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September 16, 2022, 07:08:53 AM
Merited by JayJuanGee (1)
 #95

The way that incentives are structured in bitcoin, it is doubtful that owning a lot of bitcoin gives you any extra power, and it surely has been asserted that the node runners have more power than the miners.. so it is erroneous to proclaim that miners are able to control bitcoin or even to be able to sustain any kind of majority mining scenario, as you have acknowledged that there are possible counter measures that could be played with bitcoin if there was an appearance that the network was being attempted to be taken over my some overly influential power that was attempting to change or modify BTC consensus in ways that were not generally accepted by the overwhelming majority of the bitcoiners (which largely seems to be the node runners who count in bitcoin..).
It has been even tried before, bitcoin cash people are giants of bitcoin mining world and they wanted to prevent segwit and try to do something of their own and they failed, after they failed to move bitcoin that way, they created a copy of it which is going down the ranks like crazy nowadays.

Long story short if miners had any sway in the crypto world then they would have decided something long time ago, they are not and they do not have that kind of power and people could do whatever they want with it. This means that we shouldn't really expect much from the miners, they will follow where the money is but if you force them to follow somewhere else, they have to, forcefully or not.

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September 16, 2022, 03:53:07 PM
Merited by JayJuanGee (1)
 #96

Because they refer to a security that they think is stable then it must be linked to a bank but they don't dare to own bitcoin because there is still a sense of fear and panic due to price fluctuations but in fact this can reverse prices to be higher once we know the cycle happened before, I myself trust bitcoin more than others because it has its own control over everything.

Actually about talking about bitcoin, many friends have asked me this, but I always explain with my own principles, bitcoin is an asset that is controlled by itself without other parties we can store and sell whenever you want that's what I like compared to other assets .

But in my friend's view, there are those who believe in bitcoin assets and those who don't, but what is clear is that I enjoy investing in bitcoin with confidence in its optimism.
it is up to each individual to believe in bitcoin or not. But what is certain is that bitcoin is not regulated by anyone and all under our own control as bitcoin holders. related to these price fluctuations will provide advantages and disadvantages depending on how we use it, must have an understanding of the cryptocurrency market so as not to panic too much.
Bitcoin provides many opportunities for us and becomes a good future asset and a profitable future investment.
I have never forced them to believe in bitcoin but I always provide a learning space so that they understand about cryptocurrencies, especially bitcoin as my main investment, this can be understood by them but for sure I always explain in detail not only about the advantages but also the disadvantages explain how the big risk in cryptocurrency, especially in times of fluctuation, is how we control it, but if we can withstand the trials that come, we can win in terms of profits.

Of course I explained how bitcoin has a very big chance in the future will be bright (version of my view to try to convince them) on the other hand I also tell how we must face when difficult times such as bearish, fomo, hype etc. we must be able to doing it right in the sense of getting past the bad stuff that got him out of the trap.

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September 19, 2022, 04:02:16 AM
 #97

People should be more honest to say why they really like bitcoin, I know there are many who are enthusiasts and like it for technology and to collect them, others see it because they like to trade, and others like it because it is money that it can be inflated a lot and helps you to have a better life, full of luxuries, and to always have money, which means that you will never have economic problems, that the concern about having a life of hard work is gone, and what is coming are other types of problems, what most people do is enjoy, travel, and give life, all that is what bitcoin can achieve.

R


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September 19, 2022, 10:45:11 AM
 #98

I have never forced them to believe in bitcoin but I always provide a learning space so that they understand about cryptocurrencies, especially bitcoin as my main investment, this can be understood by them but for sure I always explain in detail not only about the advantages but also the disadvantages explain how the big risk in cryptocurrency, especially in times of fluctuation, is how we control it, but if we can withstand the trials that come, we can win in terms of profits.

Of course I explained how bitcoin has a very big chance in the future will be bright (version of my view to try to convince them) on the other hand I also tell how we must face when difficult times such as bearish, fomo, hype etc. we must be able to doing it right in the sense of getting past the bad stuff that got him out of the trap.

That's really more important to me whenever trying to get someone to be interested and to give them a sound foundation for the future when they learn on their own. Bitcoin's pretty awesome, we all know that and we all get to know that even more with use. But there are shortcomings, plenty, if you really want to pick at threads -- but those usually are being worked on and the recognition of them says a lot about Bitcoin development and what's in store.

Not only from a market perspective though... utility itself, all the extra care you have to enforce and habitualise.

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September 19, 2022, 11:06:39 AM
 #99

There are very few people who don't like Bitcoin these days. Because when you invest, the amount of wealth increases, that wealth is saved and in original way you will understand that Bitcoin is a priceless asset.

Not everyone has the same sentiments as there are people who dislike bitcoins because they lose money in future trading and they blame it is because of bitcoins (in reality it is the wrong decision and lack of trading knowledge).

People should be more honest to say why they really like bitcoin, I know there are many who are enthusiasts and like it for technology and to collect them, others see it because they like to trade, and others like it because it is money that it can be inflated a lot and helps you to have a better life, full of luxuries, and to always have money, which means that you will never have economic problems, that the concern about having a life of hard work is gone, and what is coming are other types of problems, what most people do is enjoy, travel, and give life, all that is what bitcoin can achieve.


Most people like bitcoins as they are making out of it by either investing or trading. There may be only a few people who are actually interested in the technology itself.

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September 19, 2022, 11:40:20 AM
 #100


People should be more honest to say why they really like bitcoin, I know there are many who are enthusiasts and like it for technology and to collect them, others see it because they like to trade, and others like it because it is money that it can be inflated a lot and helps you to have a better life, full of luxuries, and to always have money, which means that you will never have economic problems, that the concern about having a life of hard work is gone, and what is coming are other types of problems, what most people do is enjoy, travel, and give life, all that is what bitcoin can achieve.


Most people like bitcoins as they are making out of it by either investing or trading. There may be only a few people who are actually interested in the technology itself.

It is true that bitcoin has futuristic technology and unique design that is superior to fiat or gold. But I also have to admit that nowadays, people invest in bitcoin mainly for profit, and not because of the technology behind it. The desire for bitcoin to be mass accepted or become a means of payment is also a profit goal because then everyone wants to own bitcoin, and the demand increases, thereby causing bitcoin to increase sharply. Really few, very few people will hold it because of the technology.

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