There I was going to write about bitcoin myths, but after a search, I found it was there waiting for me to share with you. But let me share a few words with you.
Bitcoin myths are always labelled to blackmail bitcoin to easily stirred aspirants from onboarding on this incredible monetary network. Opponents help fuel these myths, imagine a democratic fellow disposing you of autocratic governance, under normal circumstances, you will bid for freedom. Now you know Bitcoin is freedom. A fast and global monetary network with zero marginal cost. Let me explain why the marginal cost is so important for your economic life which is the cost of an extra unit of something produced. You may find this hard to understand, the cost of producing and shipping money to other countries, the shipment fee could be the extra cost if the money must be produced by another country, if not, the production fee is also an extra cost. These costs render these countries poorer. Also, the remittance fee is also 10 times the network fee on the bitcoin blockchain. This also implies an extra cost of spending, the beneficiary will need to contact a remittance company and file the necessary documents at an additional cost. Bitcoin transactions are cost-effective.
If you are like me, understanding that bitcoin is money without borders should be the one myth you should debunk all arising myths.
However, here is Jordan Belfort ( a former stockbroker commonly known as the wolf of wall street) who once opposed bitcoin. Jordan slammed bitcoin as a "huge, gigantic scam".
He told CNN: “Promoters are perpetuating a massive scam of the highest order on everyone.
“Probably 85 per cent of people out there don’t have bad intentions but the problem is if five or ten per cent are trying to scam you.”
He added: I think it’s a huge danger right now that people are looking at this as the next great thing, it’s a bubble for sure.
“The next stage, you will see it really skyrocket, there will be a short squeeze, it will go even higher and then eventually it will come caving in, it’s almost a guarantee."
After watching Jordan, with his speed-speaking chaotic character, it seems to me like he was once a victim, Jordan managed to persuade me with his ideas, but I dismantle his fray criticisms because of my quest for the why of bitcoin.
Recently, Jordan has managed to debunk his myths about bitcoin just as is always the case with bitcoin opponents.
On January 13th Jordan during the Wolf of Wall Street podcast, Jordan was bullish on bitcoin.
I think you’d agree that generally speaking, to the price of the asset class in general regulation, I believe, would be bullish,” Belfort said.
Better late than never on this incredible monetary network, should be a lifetime dream for generations to come. Learn a lesson from the Jordan Belfort myths about bitcoin and onboard, because, value in its form is subjective.
As promised, I invite you to read about bitcoin myths from this wiki page. It is the ultimate guide to debunking bitcoin myths.
That's it, and you will be more than happy to own a bank in your pocket full of freedom, fast and global exchange.
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