this post was submitted on 27 Jul 2025
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Bitcoin is a lot of things, it's not a scam. Some cryptocoins aren't scams either or didn't start as one.
A lot of crypto coins are scams
Bitcoin and any blockchain based payment system is not a viable alternative to payment processors at world scale. Unless power requirements per transaction go down literally exponentially, it will never be.
Having said all that: Bitcoin does work on the current limited scale, it works better and easier and faster han all payment processors, and most importantly: Bitcoin isn't a giant dick wanting to insert itself into every orifice of your body
Fuck Visa, fuck MasterCard, fuck American Express, fuck all of them you fucking psychopathic narcissistic assholes
Bitcoin may not be a scam per se, but its main usage is to facilitate scams. The biggest of which is being a market that speculators can manipulate to make the currency they actually want.
Even if bitcoin isn't a scam, people still use it to fuck people over. When bitcoin gained popularity, the forum entries were insane. It was all people telling other people to hold. Please hold guys, bitcoin is the future. Use your bitcoin like you would money, guys we're all in this together. At the same time, they made fun of people who used their bitcoin to pay something and go: haha that loser bought a 20k pizza. And they would all fuck eachother and sell all their bicoins when they were high enough. And when it dropped, they started again. Guyyyys, remember to hold.