Why Bitcoin and Crypto Have No Future

Sizus said:

No one who is honest and who cares for their customers accept only crypto as a payment.
It's only used for some fishy stuff. Mostly for scamming.

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That's just not true, and to be honest if you had any kind of serious connection to the cryptocurrency industry you'd know that a large amount of legitimate commerce is conducted via crypto without any issue.

I've been paid solely in crypto for the past 2 or 3 years, I've never been ripped off. I've paid countless hundreds of people in cryptocurrency, maybe surprisingly to you, I've never ripped them off.

Just because there are assholes that try to exploit cryptocurrency doesn't make it inherently negative, in fact I'd say the net benefits of crypto obviously massively outweigh the negatives.

I don't know if you've been stung by a crypto-based scam or if you just don't have very much to practically do with crypto, but I pray to God you don't get elected.

Policing and destroying the one mechanism that has had any impact on redistributing financial control away from the mainstream banking system sounds like a pretty terrible idea to me.

VSYNC said:

That's just not true, and to be honest if you had any kind of serious connection to the cryptocurrency industry you'd know that a large amount of legitimate commerce is conducted via crypto without any issue.

I've been paid solely in crypto for the past 2 or 3 years, I've never been ripped off. I've paid countless hundreds of people in cryptocurrency, maybe surprisingly to you, I've never ripped them off.

Just because there are assholes that try to exploit cryptocurrency doesn't make it inherently negative, in fact I'd say the net benefits of crypto obviously massively outweigh the negatives.

I don't know if you've been stung by a crypto-based scam or if you just don't have very much to practically do with crypto, but I pray to God you don't get elected.

Policing and destroying the one mechanism that has had any impact on redistributing financial control away from the mainstream banking system sounds like a pretty terrible idea to me.

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I was saying of those sellers and websites who accepts ONLY crypto as a payment that I mean this pretty much looks suspicious and as a scam.

I’m not saying for those who accepts multiple methods, including credit card, crypto, bank transfer, paypal etc.
But why would someone should trust a site / seller who only accepts crypto? There should be something fishy and unusual with something. Either their service sucks and customers massively charge back and complain or they just scam.
Or they sell something illegal and wants to hide their identity. But still if you decide to pay and go for it, I would probably go with a risk that I can get scammed.

If someone sells quality products or service, they will provide their users any possible methods they want to choose. Not limit them to go only with ones that can’t let them complain if they receive something wrong.

I totally agree, all who's accept or use cryptocurrency most likely are scammers, all of them looks totally suspicious to all of us.

There's a lot of outer totally legit methods like Paypal, Paypal, Paypal and Paypal. Everybody should totally use only those methods and or pay with credit cards or cash.

There's no fraud or scam possible with credit cards, like not at all! Credit cards such a modern and safe technology comparing to blockchain.

Cash is also never used nor it can be used to purchase illegal stuff like drugs, bribes, etc..

Hope you soon become The President and then please do what's right, ban damn thing! It's so easy to do, just post a tweet or two and and this technology will be banned worldwide.

sunnybay said:

I totally agree, all who's accept or use cryptocurrency most likely are scammers, all of them looks totally suspicious to all of us.

There's a lot of outer totally legit methods like Paypal, Paypal, Paypal and Paypal. Everybody should totally use only those methods and or pay with credit cards or cash.

There's no fraud or scam possible with credit cards, like not at all! Credit cards such a modern and safe technology comparing to blockchain.

Cash is also never used nor it can be used to purchase illegal stuff like drugs, bribes, etc..

Hope you soon become The President and then please do what's right, ban damn thing! It's so easy to do, just post a tweet or two and and this technology will be banned worldwide.

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It can be hard for someone thinking traditionally to digest the benefits of crypto over cash and cards.

Sizus said:

I was saying of those sellers and websites who accepts ONLY crypto as a payment that I mean this pretty much looks suspicious and as a scam.

I’m not saying for those who accepts multiple methods, including credit card, crypto, bank transfer, paypal etc.
But why would someone should trust a site / seller who only accepts crypto? There should be something fishy and unusual with something. Either their service sucks and customers massively charge back and complain or they just scam.
Or they sell something illegal and wants to hide their identity. But still if you decide to pay and go for it, I would probably go with a risk that I can get scammed.

If someone sells quality products or service, they will provide their users any possible methods they want to choose. Not limit them to go only with ones that can’t let them complain if they receive something wrong.

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Sure we're talking about two separate things I've realised. You're talking about ecommerce shops only accepting crypto and I'm talking about the concept of using crypto as a tool of commerce in general.

I've been using cryptocurrency to buy and sell things regularly since 2010 without being scammed or loosing my keys or any of that, so for me worrying about being scammed doesn't make sense.

It only takes the smallest amount of vigilance and common sense to protect yourself from scams, and to be honest in 99.99% of all interactions I've had relating to crypto I've never even come into contact with the risk of being scammed.

I guess if all you have to go off is news stories about crypto-jacking and you've never really used crypto yourself that much then I could see why you wouldn't mind banning it, you've only ever feared crypto for some perverse reason and never enjoy the range of benefits it provides..

(ie opaque financial dealings with regards to tax, fast international payments without having Paypal's fist rammed up your arse, many different ways to generate additional profit along the way)