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RE: Is bitcoin legit?

in #jefferycolon7 years ago

What does "legit" mean?
Most people think fiat money is legit because it's backed by governments and central banks. Cryptos are mostly not backed by any single "trusted" authorities which makes them not legit in many Joe Bloggs' eyes.

It takes a lot of education to get Bitcoin. Many many people have still yet to get educated.

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Very true! And yes, i think the government is starting to get involved for some reason, not sure if they are with it or against it yet. They are just investigating it thoroughly. :)