The real Problem with Bitcoin?
Fungibility !
As Bitcoin hits lows in what most people chose to believe that Elon " The Clown" Musk & The CCP are responsible for. Seem to forget
That Bitcoin is the biggest surveillance coin, ( https://decrypt.co/16719/bitcoin-is-manipulated-by-cia-claims-bitcoin-com-founder) As you
will see in the link BTC it`s even worse then the Central Bank....
This alone Has scared off Billions of USD CAD EUR ect ect ect... To other coins & Markets. Just not to say The USA came out with 80% Tax
(https://www.msn.com/en-us/money/markets/80-crypto-capital-gains-tax-15-things-we-know-about-the-rumors/ar-BB1fYOjN ) As well as
England ( https://www.cnbc.com/2021/05/07/bank-of-englands-bailey-crypto-investors-risk-losing-all-their-money.html ) - Andrew Bailey.
This alone should be a big RED FLAG, An start to look for other options like Private by default Blockchain. (In the next post i will get into
What Private coins i like and why.) Even if The CCP Ban`s All Crypto, It will not stop Crypto by any means. When people start to see
The lower fees in other private Crypto, Not like BTC were its too expensive not only to send but Mine as well... As well as untraceable.
The Next step would be to start trading day to day goods for these Cryptocurrencies.
The True Nature of a currency is what "We the People " believe fair to use as trade of value. Example that 20 USD is paper backed by an agreement that its worth 20, In Reality its paper not backed by any value ..... Thus why should we not give value to Crypto as we do Fiat?
If ever the Ban Worldwide on Crypto happens, They would have to shut off the internet! That will not happen, Governments lifeline is on
The Internet. Thus all we need to do is work out our own system of Value based on the currency we believe to best suit are needs, A true
Fungible coin That is private for security.
Bitcoin is too expensive to Send & Mine, Just not to say a total transparent blockchain. If i were to do analytics on the blockchain, I will know
How much money you have. That is a security risk!!!! You Could be killed for your Crypto.... Even the Banksters are not that Evil Or stupid.
So Basically all your left with is Popularity because everything else Sucks.... Besides its value for now.....