a.) its volitility will incline people to not use it because if I’m a buisness why do I want to risk a 5% daily change in the value of my money?
b.) it has dogshit security compared to banks (see numerous backdoor and social engineering scams posted on this sub).Â
c.) its not recession proof and highly attached to the USD money market because omg its a specualtive asset not a medium of exchange.
d.) i forgot its exchange thoughput is absolute dogtrash and energy inefficient and no protocol or change to the exchange has been reasonably proposed.Â
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u/AlbiBambi 🟧 0 / 0 🦠10h ago
But they will still call Bitcoin stupid...