Average Bitcoin News
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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
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
Taproot
Bank man fried getting fried

S c a m B a n k r u n - F r a u d
FTX bankruptcy is essentially the same as Henan Bank insolvency.
Both are using clients' money to do risky investments AND run away.

wE nEeD MoRe rEguLaTioN
This is BS. Those banks in Henan are regulated but the regulatory officials were colluding with whoever in charge of the clients' money.
The local government of Henan deployed the police AND hired local bandits to squash the protests.
Also, people who have money in those banks are given "red code" on the COVID health app (meaning high risk of contracting COVID). Looks like a new way to spread COVID lol.
Tanks are not deployed AFAIK, but that is always a good meme.

In crypto, we have centralized entities sucking blood from the decentralized technology.
In fiat, we have the government, which is the biggest centralized entity, sucking blood from everyone, of everything.

Decentralization is the way, not regulation.
πŸ‘1