Yes that's what I want to say, bitcoin can be widely recognized because of the many altcoins that have grown, the development of technology and also the development of services in the crypto space, inseparable from projects that have a sincere dedication to the advancement of this industry, for me we cannot turn a blind eye to the many miners who are trying to provide the best service to this industry.
This fraud is also not just the task of the government tightening regulations, there needs to be deep awareness and literacy from the industry community itself, not entirely blaming what has happened, because it will always exist in every industry and even in the future, so knowing this all needs good literacy in reading risks, security and others.
This is incorrect. While a few altcoins have managed to develop something interesting such as Monero, most of the crap that was "developed" by shitcoin was not an improvement on anything. Even I can develop all sorts of centralized systems as "high performance" and other bullshit metrics, that does not mean it brings anything new to the table. High performance databases beat any shitcoin without even heating up the server room. When you have an industry with an alleged 10000 new developments and where 9900 of those developments are scam or useless then you can call the whole industry a scam. We are here because less educated people were fooled by their bullshit, and because tolerating but educated people went along with it. If they haven't, the quantity of crypto scams would have been less than 99%. Currently, 99.99% of all released shitcoins and tokens are scams. Perhaps even 99.999% if we look at the latest number. Don't defend this shit, don't be evil.
When discussing bitcoin, it is good to look at the case law and decisions of the relevant courts.
For the EU, the most important is the judgment of the Court of Justice of the EU of 22/10/2015
No. 128/2015 in case C-264/14, which considers bitcoin trading to be a financial transaction subject to income tax on the basis of capital gains.
This opinion must be respected by all tax and other official institutions in the EU.
Check out here:
https://infocuria.curia.europa.eu/tabs/tout?searchTerm=Bitcoin&lang=hr&sort=ALL_DATES-DESCThe same ruling applies to the trading of other cryptocurrencies, that is, the EU Court does not make a distinction.
This literally has nothing to do with this thread or what is being discussed here. Whether gains from something are subject to income tax or not has no relevance as to whether something is a scam or not. The EU is also not relevant, it is an outdated relic and will be crushed in the current century. It will not exist.
Well, the title is surely misleading because it gives the impression that the creator of this thread is a hater of cryptocurrencies and is advising everyone to stay away. For this reason, I would say that even though OP has a point and he isn't wrong, saying that Bitcoin is not a cryptocurrency is actually not right, because Bitcoin is also a cryptocurrency, it is just that it's different than others, which is the reason why we call other cryptocurrencies "altcoins" to differentiate between Bitcoin and them. So it won't be wrong to say that altcoins, or most of them, are scams than saying that Crypto is a scam because Bitcoin basically still falls under that category.
Bitcoin is Bitcoin, crypto is crypto. Learn the difference. Just because both can be classified under cryptocurrency that does not make them anything alike at all. Both an Apple and a Grape are fruit, yet they could not be any more different from each other. Therefore it is correct to claim
crypto is a scam. Stop confusing people with trivialities due to semantic grouping, instead learn the proper way which is what I repeat again:
Bitcoin is Bitcoin, crypto is crypto (shitcoins).
Stay away from anything crypto, only deal with Bitcoin.
