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RE: German Central Bank Puts People Off Bitcoin, Causing Them To Miss Out BIG (The Cryptoverse #264)

in #bitcoin8 years ago

The thing is you can't get past the first hurdle. Bitcoin is a speculatory object. That's false when taken on its own.

When that statement is made it is as if that is ALL Bitcoin is, which is false.

Bitcoin is only a speculatory object because that is what people DO with it.
This also means Bitcoin is many other things because of what people do with it.

A peer to peer digital cash system.
A safe haven.
A global currency.
The first ever example of digital scarcity.
The most secure network in the world.

Bitcoin is all of these things, so when you highlight one aspect and intentionally ignore the others, that's how 'the story of Bitcoin' is manipulated to make people believe things that are not true.

The final point I made in the video stands no matter what. Whenever someone makes a claim, verify or falsify it for yourself.

I even signed off by giving a list of questions to ask, such as 'what else is Bitcoin that the central banks are not talking about?'

I have ventured a few answers in the list above.