The fun thing about
#bitcoin is that understanding it is NOT about how intelligent you are.
You can be intelligent and still dismiss it because you can not handle the fact that everything you think you know about "money" is WRONG.
Not a nice thing to realize. It is very uncomfortable.
When I see clearly intelligent people like
@GordonJohnson19 be so wrong, I can't help but feel sorry for him because he is clearly trapped in ego-driven thinking - conflating
#bitcoin with "crypto" when I asked him to prove BITCOIN was a ponzi - but that is all ok.
MY REACTION:
"I said
#BITCOIN, not "crypto". It was to check if you did your homework and study, which you did not. Clearly.
Bitcoin is a public, decentralized, a-political, a-religious, permissionless, trustless, digital monetary technology that is ultimately transparent and can be audited 24/7. There is no double spending, there is no fake Bitcoin, there are no perverse incentives. Contrary to the fiat world you apparently love.
It solves the problem of third-party influence over the (fiat) "money) that people use to exchange value. The value of that money is debased on purpose. With Bitcoin and its provable finite supply of 21.000.000 units (divisible by 100.000.000 sub-units), this will not happen. It is actually impossible.
Bitcoin is deemed a commodity in the US.
Bitcoin is a PUBLIC and DECENTRALIZED asset, which can also act as a currency.
The fraud in CRYPTO was perpetrated by CENTRALIZED actors like
@SBF_FTX (who donated his fraudulently earned money to the
@TheDemocrats) and others. This has NOTHING to do with Bitcoin, as NOBODY central owns or rules over Bitcoin.
You are intelligent enough to understand this and I would advise you to study more. More importantly, you should recognize that your strong opinion on Bitcoin is flawed and ego-driven, and that besides studying Bitcoin, understanding it also involves a personal reflection on what you think/feel is true in the fiat money world.
Happy to talk further and help you out."