I'm a huge fan of most Bloomberg content but this opinion article by @matt_levine is really bad. I respect most divergent opinions but it's written either as propaganda or from the perspective of someone who has never actually sent a bitcoin transaction.
For example:
"So if you send someone Bitcoin to pay for something, there will probably be a typo in the address and the person won’t get it and you’ll have to send it again and your first payment will just be permanently lost."
Usually you copy it, not type it. And there are checksums in a bitcoin transaction. It's pretty hard to mess up, kind of like IBAN. It's designed well. "Probably" implies the majority, whereas a true mess-up would be a tiny minority. This is neither journalism nor serious opinion.
And then I get to this line and have to double-check to make sure I'm not accidentally on The Onion:
"The third classic problem is that, if you are using Bitcoin to pay for goods and services, there is a good chance that you are paying for something illegal, and Bitcoin payments are traceable. So if you send someone $16,000 worth of Bitcoin to buy a $16,000 thing, (1) some of your money will go missing in transit, (2) the Bitcoins you send won’t be worth $16,000 and you’ll have to send some more, and (3) the $16,000 thing was a murder and now you are in prison."
He then went on to describe where someone hired a hitman for $8k and accidentally sent it to the wrong address and had to do it again. I mean... okay. Way to find the fringe idiot as though that's standard.
I had to double-check that this article wasn't from 2012, because it's a weird set of fringe-cases presented as normal.
It's like saying "You want to pay for something in cash dollars? They're covered in cocaine and you're likely paying for a mob hit. Let me tell you about this guy that..."
Bitcoin is just global open-source money. There are 160+ currency jurisdictions in the world and many of them rapidly dilute their peoples' money and censor their peoples' transactions. Bitcoin is an emerging alternative for them.
If you are not outraged with the current Fiat system of eternal bailouts,
You don’t have a brain, you don’t understand #math, and please do not have kids - you shouldn’t pass on your deficient genes -
My god the lack of common sense is so disturbing.
Own #bitcoin.
This is not a drill.
1/ NEWS: HRF and BPI are pleased to announce
https://t.co/Y3NbFmKRze
A free guide authored by @La__Cuen to teach NGOs, activists, foundations, aid organizations, and even governments the best practices for using BTC to improve their grant-making and gift-receiving operations 📖
Ich habe in einem Gastartikel bei @spektrum Stellung zu der Meinung von @maithi_nk über die Nützlichkeit von #Bitcoin genommen:
https://t.co/uzZTFHeyML
Ich sage: "Doch Frau Nguyen-Kim, natürlich braucht die freie & selbstbestimmte Menschheit eine Technologie wie den Bitcoin!"
Heute wenden sich @RomanReher und @JoeMartinDE mit einem offenen Brief an die Abgeordneten aus @Europarl_DE und @EUCouncil bezüglich der #Bitcoin und #Krypto Regulierung. Gerne teilen und retweeten!
Video: https://t.co/nevC93phqz
Brief: https://t.co/5U25J1dOaL
1/ We often have conversations about Bitcoin with curious friends, family, strangers, and even Uber drivers, where it comes time to say goodbye but we don’t know what simple link to share
Today that changes as @HRF’s https://t.co/VtoXPguZNY goes live ⚡️
1/ I hate to ring the alarm bell again, but the EU Parliament leaves us no choice 🚨🚨
This time it concerns a crackdown on unhosted wallets in the upcoming crypto AML regulation (TFR).
The ECON committee vote is on Thursday and the draft includes some absolute red flags 👇
Time to call your elected officials to oppose the anti-Bitcoin bill that @ewarren introduced this morning!
Use the link below to find and call your Senators!
RT to help spread the message.
https://t.co/SqLxMTG8FU
Durch die kurzfristige Änderung des Bitcoin EU Verbots war es leider nicht möglich den folgenden Artikel eher zu veröffentlichen.
Ich habe eine detailierte Abhandlung geschrieben, warum ein PoW Verbot eine wahnsinnig schlechte Idee ist. Teilen erwünscht!
https://t.co/YMOk5qWKZG
I think a lot of people, who want a ban on PoW are like Crypto Donkey. They want their car, heater and dishwasher, but don't care for the rest of the world. The 4.2 billion in authoritarian countries who need #Bitcoin, the embodiment of human rights.
The only settled method to create digital property is via Proof-of-Work. Non-energy based crypto approaches like Proof-of-Stake must be deemed to be securities until proven otherwise. Banning digital property would be a trillion dollar mistake.
https://t.co/h8FTGaGJKi
Die Begriffe „rechts“ und „links“ stammen aus der französischen Revolution. Links saßen Befürworter der Revolution.
#Bitcoin ist die finanzielle Revolution und Deutschlands „Linke“ unterstützt nicht nur lieber den König, sondern versteht die Revolution nicht einmal kognitiv.