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Reply to "why is bitcoin crashing?"
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[quote=Anonymous]Crypto was built on hucksters and grift. Lie: Bitcoin protects your money from the government. Truth: Bitcoin can be tracked, frozen, and seized like any other asset. Failure to pay taxes is a crime. Lie: Bitcoin will be stable when the US dollar tanks. Truth: Bitcoin fluctuates like crazy and if the dollar tanks so will bitcoin. Lie: Bitcoin is decentralized. Truth: Bitcoin is far more centralized than fiat currency, with a third of all Bitcoins held by governments, ETFs, and MicroStrategy. Lie: Bitcoin solves problems and if you disagree it's because you don't understand it. Truth: Bitcoin solves no problem that isn't already solved by electronic funds transfer systems. The blockchain has some interesting potential, but digital currency is one of the blockchain's least useful applications. [/quote]
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