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What would you say if... I asked AI about Red Flags of Bitcoin

By CryptoGemGR | CryptoGemGR | 15 May 2024


Thumbnail image is from my NFT collection on OpenSea named GOAT Penguins. You can check it here
 
What would you say to me if I tried to convince you to buy a cryptocurrency that:

a) I have a lot of them in my wallet(influencer, early bird, shadow team member)

b) there is no official team that reveals their faces

c) the mining process of this cryptocurrency was harmful for the environment

d) there was no real company or business behind it that would give utility to the cryptocurrency

e) the top 1% with the most coins in their possession, owned 90% of all the cryptocurrencies in existence? 

I know your answers. Now lets see what AI answered:

"If you tried to convince me to buy such a cryptocurrency, I would strongly advise against it for several reasons:

1. **Conflict of Interest**: If you hold a lot of this cryptocurrency, you have a vested interest in increasing its value, which can bias your recommendations.

2. **Lack of Transparency**: The absence of an official team that reveals their identities raises red flags about accountability and trustworthiness.

3. **Environmental Impact**: If mining the cryptocurrency is significantly harming the environment, it is both ethically concerning and unsustainable in the long run.

4. **Lack of Utility**: Without a real company or business providing utility, the cryptocurrency's value is speculative and lacks fundamental support.

5. **Centralized Ownership**: If 90% of the cryptocurrency is owned by the top 1%, it indicates extreme centralization, which poses significant risks for market manipulation and unfair distribution of wealth."

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CryptoGemGR
CryptoGemGR

I love only useful crypto. Bitcoin produce nothing.


CryptoGemGR
CryptoGemGR

Many crypto are called, few are chosen. I try to share the truth without advertising for money.

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