Skepticism on BTC
Answers to common skepticism on btc -
Lack of intrinsic value I mean for a currency to be a currency it doesn't need to be of any intrinsic value it needs to be limited, I mean money is a paper by the govt.
Volatality Volatality is when we compare it to other currencies, its going to be the one true currency in the future. As its distribution normalises over time the volatility will reduce significantly.
High fees Fees have become significantly lower now due to level 2 systems and it will continue to drop with increased adoption.
Govt regulatory risk The entire point of btc is to stay out of the govt owned network of money, even if govts dont support it it will remain a very viable method for p2p transactions.
Scams As far as security is concerned every system is gullible to certain type of attacks, the point is to be aware, especially when it comes to btc it is even better since you only need one seed phrase to remember and nothing physical that can be stolen
Farming costs energy Farming is soon going to decrease significantly since most of the currency is already mined its only a factor of time
Those who believe its a bubble It is a bubble if you disregard all the facts i mentioned above and consider it to be a gimmick rather than an actual way to sanction value.
I am new to this but really believe in the future of btc. Ready to entertain more skepticism in the comments.
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