Haters & Cryptocurrencies


"The word HATERS refers to a term used on the Internet to refer to network users who defame, despise, or destructively criticize a person, entity, work, product, or a specific concept, for unreasonable causes, or just for the act to defame" | https://es.wikipedia.org

Bitcoin and other cryptos have received plenty of flak in the past 9 years. Cryptocurrency investors were also mostly not bothered that, in Bitcoins case, the currencys term was something of a misnomer.

As the popularity of, and demand for, online currencies has increased since Bitcoins creation in 2009, so has the concern that such a deregulated, individual-to-individual, worldwide economy, which is what cryptocurrencies enable, could be a threat to society. Bitcoin and Crime Some politicians and economists argue that Bitcoin and other cryptocurrencies are not valuable to society because the majority of Bitcoin users are lawbreakers and criminals. Prior to the pandemic, cryptocurrencies were relatively marginal technologies, with bitcoins becoming popular as a means to purchase illegal drugs in online black markets, such as Silk Road, in the early 2010s.

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"It is surely a major revolution in human history and in the world economy. Cryptocurrencies are here to stay and no one will be able to stop them" | Anonymous

It is been over 10 years since Bitcoin arrived as the first cryptocurrency, yet widespread adoption remains elusive. The first cryptocurrency to run on the Blockchain was bitcoin, and it remains by far the most popular and most valuable. Bitcoin, which was first released in 2009 as open-source software, was the first decentralized cryptocurrency. Central to the attraction and function of bitcoin and other cryptocurrencies is the blockchain technology, which is used to keep a networked ledger of all transactions ever made, thereby providing the data structure for that ledger which is fairly secure, and is shared and agreed on by the whole network, with an individual node, or computer, maintaining a copy of the ledger.


"My savings in the bank? And for what?" | Anonymous

The bitcoin whitepaper, which started the crypto-revolution, envisions an electronic payment system allowing any two willing parties to transact directly with one another, with no need for a trusted third party, cutting governments and banks out of the financial cycle. Cryptocurrencies are typically generated from their own blockchains, like bitcoin and litecoin, while tokens are typically issued inside of a smart contract running on a blockchain, such as Ethereum. Investors can earn with cryptocurrency by mining bitcoins, or by simply selling their bitcoins for a profit. In reality, using cryptocurrencies has become extremely costly and slow.

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"It is time for changes, change or assume the consequences" | Anonymous

The original Bitcoin network has been forked numerous times into Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, Bitcoin SegWit2x, and so forth. The argument is, then, that digital assets such as cryptocurrencies may be even worse than fiat currencies, because whereas fiat inflation is controlled by central banks, cryptocurrencies numbers may inflate uncontrollably. Bitcoins technology really seems outdated in comparison with some newer cryptocurrencies, which offer greater anonymity for users, faster transaction processing, and more complex technical features which make it easier for sophisticated financial transactions to be processed automatically.

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Bitcoin, the worlds first and largest cryptocurrency, passed the $60K mark in price in March. Bitcoins price (BTC) is locked into a downward trend that is going to be difficult to break, but to suggest that centralized crypto-exchange failures are the main cause behind bitcoins downward trend, or reflect its real value, is flawed thinking.


"There is talk of cryptocurrencies in the future without knowing that they are already the present" | Anonymous

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