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I am beginning to feel bitcoin is the scam of our generation! My...

  1. 305 Posts.
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    I am beginning to feel bitcoin is the scam of our generation! My thoughts entirely. But by its very definition block chain technology adds each piece of data to the thread and thuos every historic transaction can be seen. It’s current benefit lies with the fact no body no knows who owns the wallets the bitcoin transacts to and from. They suggest some smart Japanese guy thought up the whole thing but its not really confirmed.
    My opinion is it’s likely a product of the US Government, a “trial” of crypro, block chain technology and ironing out the issues in order to ensure a full proof implementation of a central bank digital currency. Once you know who holds the wallet the game is over and the tax man knows your every transaction! You won’t be able to so much as buy a beer without the government knowing about it.
    I think bitcoin has the world fooled in a game where they fell for a social experiment with more sovereign risk than an African diamond mine!
    of course, just my opinion.
    Last edited by Nicwaa: 15/05/24
 
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