Read what you ask? Read THIS you jagoff, because you clearly didn't get the message! Gawd I just don't get it, why do people keep wasting their money and time with these ๐๐ฉ crypto projects? Here, let me highlight the most important relevant phrases: "without going through a financial institution.....each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner....electronic transactions without relying on trust.....the main benefits are lost if a trusted third party is still required to prevent double-spending."
You might wonder where this sudden outburst is coming from. Let me share:
I've said something similar before regarding ETN, if a crypto project is acting more like a bank account then gawdurnit, just get yourself a bank account that will probably restrict your funds less than many of these ๐ฉcoins out there do. Now you might ask yourself why you should even care if like me you were never involved with this Celsius joke to begin with. I don't care about the crypto ridiculing memes or anti-Bitcoiners that now (again) have another example to propagandize their little POVs.
What I'm annoyed about is the following: How many people have projects like Celsius turned away from crypto altogether? How much value is lost and went into their own pockets or got sucked up by whales? Value that should have been going into Bitcoin or at least those few decent projects that are an actual addendum to Bitcoin. Whenever something like this happens it (in)directly effects us all. I can't get bothered like this about every small cap scam project out there, but Celsius had a 50 million market cap and holds the equivalent to 11 billion Dollars in crypto assets.
I guess all that's left now is hope that the Celsius community puts their money, or what's left of it, where their mouth is.
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You tell em' Hyde, jump aboard the Bitcoin wagon!

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