https://www.reddit.com/r/CryptoCurrency/comments/pkux10/tether_the_collapse_of_chinas_evergrande/
I don't know how many people are HODLing USDT.
USDT is, in every way, absolutely trash
I don't know how many people are HODLing USDT.
USDT is, in every way, absolutely trash
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You don't ban the same piece of technology over and over again
If you do, it means you FAILED and that piece of technology can't be banned
If you do, it means you FAILED and that piece of technology can't be banned
China banned Bitcoin in:
2013
2017-2018
Late 2020
September 2021
So at least 4 times, yet it still failed
2013
2017-2018
Late 2020
September 2021
So at least 4 times, yet it still failed
2013- businesses in China are not allowed to accept Bitcoin. Also financial institutions are not allowed to participate in Bitcoin trades
2017-2018- crackdown of Chinese cryptocurrency trading platforms. Foreign exchanges are blocked. Still possible to buy OTC tho
Late 2020- crackdown of OTC trades. Harder to buy Bitcoin in China (this could really hurt, but it doesn't work)
2021- crackdown of Bitcoin mining. Still doesn't work
2017-2018- crackdown of Chinese cryptocurrency trading platforms. Foreign exchanges are blocked. Still possible to buy OTC tho
Late 2020- crackdown of OTC trades. Harder to buy Bitcoin in China (this could really hurt, but it doesn't work)
2021- crackdown of Bitcoin mining. Still doesn't work
So imagine:
You were the creator of some cryptocurrency and you had a lot of it. A few years later, that coin went up 1000000000x.
However, you the creator somehow lost access to your coins (losing private key, sold it early, or you're dead, etc)
Will you regret creating such a cryptocurrency?
You were the creator of some cryptocurrency and you had a lot of it. A few years later, that coin went up 1000000000x.
However, you the creator somehow lost access to your coins (losing private key, sold it early, or you're dead, etc)
Will you regret creating such a cryptocurrency?
One reason of people hyping up your crypto is knowing the fact that you lost access to your coins, so you have no control of your own coin.
YOU are the limitation of your own coin.
YOU are the limitation of your own coin.
Forwarded from Average Bitcoin News
Reasons not to use Bitcoin:
2009: it can't and won't work
2013: it's only used by criminals and money launderers
2017: the price is too volatile
2021: it uses a lot of energy and is a environmental disaster
2025: the Bitcoin distribution is unfair
2009: it can't and won't work
2013: it's only used by criminals and money launderers
2017: the price is too volatile
2021: it uses a lot of energy and is a environmental disaster
2025: the Bitcoin distribution is unfair
Average Bitcoin News
Reasons not to use Bitcoin: 2009: it can't and won't work 2013: it's only used by criminals and money launderers 2017: the price is too volatile 2021: it uses a lot of energy and is a environmental disaster 2025: the Bitcoin distribution is unfair
Please continue to FUD on BTC until you run out of arguments
Thoughts on the centralization of Bitcoin:
- A lot of people just stay away from Bitcoin so a small group of people own it
- A small group of people own it so a lot of people stay away from Bitcoin
Looped argument
- A lot of people just stay away from Bitcoin so a small group of people own it
- A small group of people own it so a lot of people stay away from Bitcoin
Looped argument
Bank man fried getting fried
S c a m B a n k r u n - F r a u d
S c a m B a n k r u n - F r a u d