As with new technologies, which are purely forward-looking, they are mistreated by skeptics.
But let's see the "substance" of the statements of these detractors.
Bitcoin is a ponzi.
When you often talk to people who don't know anything about Bitcoin technology, or have learned information without verifying the source, the first thing they say is: you let yourself be fooled by this ponzi scheme.
But exactly, how does a Ponzi work?
Simple, a person promises safe earnings upon payment of a fee; these easy earnings are subordinate to the recruitment of people who also pay a share.
Gradually the system continues until it implodes because recruiting after a certain limit becomes impossible.
Now let's try to see if this scheme is transferable to Bitcoin technology.
I'll explain how the blockchain works and the fact that Bitcoin has controlled inflation and you decide to buy part of it.
I as a "sponsor" do not receive any reward, in fact after explaining the bitcoin blockchain you know perfectly well that it is decentralized, therefore it is not managed by "anyone" and therefore nobody can potentially give me a reward!
Without electricity it does not work and you have lost your money.
True, I certainly can't blame you, indeed on two situations you are absolutely right:
- Without electricity it does not work;
- The money is mine.
Eh, yes, why can you watch television without electricity? Or does your hair dryer work without electricity?
But this aspect of non-functioning, when you are at the MediaWorld checkout you are not interested, indeed you do not even think about it!
It doesn't even occur to you to think that if, when you are in the checkout line, there is no electricity, you can't even pay for it and you are forced to leave it in the shop!
The money on the wallet, you are absolutely right: it is mine, have you ever thought if your money in the bank is really yours?
If there is a complete lack of electricity, how do you plan to withdraw $ 20 to buy yourself a pizza?
Without the internet it doesn't work
Exactly, but without the internet even 90% of the tools we use do not work: the app to pay for parking, social networks (although they are not of vital importance, although they may have a certain marketing value).
I could write hundreds of pages listing what wouldn't work without the internet!
But in case of emergency, Bitcoin can be sent and received by means of appropriate SMS; it is quite complex, but it can be done.
It has no underlying
It may be, indeed it certainly does not have collateral, but have you ever thought of going to the bank and having a banknote changed for the equivalent in gold?
You don't even think about it because they'd think you were crazy, right?
All this and much more is heard about Bitcoin, but have you ever heard what is said about the altcoin?
Total contempt: We already have something that does.
Also in this case the speaker does not have a clear idea of ??the project behind the coin in question; just to name a couple we could talk about Stellar which with its protocol breaks down all possible borders and allows to transfer fiat currencies all over the world;
Dextoken, which with its AMM protocol, tries to limit whale raids to keep the price of the token within acceptable ranges.
As we can see, all the projects that have been implemented through the use of the Blockchain and cryptocurrencies, have at heart the solution of real world problems, which in the not too distant future, everyone will benefit from using.
Until a few years ago we could do without the smartphone because no one needed it, but when it appeared and we touched its potential (you can read this post on any site you want ... always, however, that there is internet connection) now, we could hardly do without it!
