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submitted by /u/simplelifestyle [link] [comments] |
Monday, 4 July 2022
Sunday, 3 July 2022
Users losing funds to companies is not new..
Losing coins to mismanagement has happened many times before and will happend again. Here's a list of companies that have mismanaged user funds over the years. Many of them partnered with reputable companies. Many of them were supposedly "regulated".
Celcius BlockFi 3AC Voyager Hotbit Atomars Thodex Bitcoin7 Mt.Gox Bitcoinica Slush BitFloor Vicurex BitCash Poloniex MintPal Cryptsy 796 Bitstamp KipCoin BTER ShapeShift GateCoin Bitfinex Yapizon Bithumb Coincheck Bitgrail CoinSecure Taylor Coinrail Zaif MapleChange QuadrigaCX Cryptopia Coinbin CoinBene DragonEx Binance Bitpoint VinDAX Altsbit Coinseed Bitcurex Bitcoin-24 If I missed any, add them in the comments.
EDIT: changed wordage to "mismanaged" for the inclusion of BlockFi
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Orange pilling
I have a customer who is in her 70’s and owns a very well established business, real estate and gold/silver. She has been asking me about Bitcoin for sometime and I finally helped her get a Trezor set up, make her first purchase and transfer it to self custody. She is completely none technical. I can get by but I’m no programmer. It took me about two hours to answer all her questions but now she can buy and store BTC completely by herself. I’m proud to have helped her move boldly into the future. This is how the network grows. One person at a time. Next time I see her she wants help with a lightning wallet.
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Bitcoin maximalism is a disease.
I'm tired of seeing people claiming that BTC is the only true cryptocurrency of the world, and that everything else is just a scam. Ignoring the fact that there are thousands of serious projects on the market that actually do things that bitcoin will never be able to, since they're so resistent to improvements in their own coin. So they're proposing those crypto shouldn't exist, even though bitcoin cannot replace what they're capable of doing?!
They claim that every crypto was created just to enrich its developers, ignoring the fact that Satoshi Nakamoto himself have mined over 1 million BTC alone. He have created the rules of 50 BTC reward per block and its halving and knew the fact that him and the early adopters would have the opportunity to enrich themselves way before bitcoin getting mainstream.
They claim that the fact that bitcoin has never fallen from the first position on market cap proves that it's the best coin, ignoring that 99% of them don't use it as a currency, but to espectulate at its price fluctuation as if they were stocks. We still don't see bitcoin being used by Google, Amazon or Ebay to buy goods and services. It's still resctricted to a small niche of online sellers, over 10 years have passed and nothing has improved.
I don't think there's a perfect crypto in the world right now. And that's exactly why we need as much competition as possible. Bitcoin is slow, has high fees and it's complicated to use for an average person. I mean, wallets are still relying on scanning QR codes in 2022? For real? Couldn't they have already developed a simpler way to make payments, like a native bitcoin credit card that's complatible with the average card machine on the market? Do they really expect that bitcoin will gain mass adoption as a payment system acting like that?!
Anyway, that's my opinion, let me know what you have to say about it, even if you completely disagree with me. I'd love to hear your arguments to have a healthy discussion about this subject.
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source https://www.reddit.com/r/btc/comments/vpyuxp/bitcoin_maximalism_is_a_disease/
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