Note from the CEO: We at FintekNews are on record, and even have articles on the upward velocity of bitcoin, so of course we are going to publish a story that agrees with us. Duh! We are a lot of things, but not stupid. This is a great read and honk if you agree.
There are a lot of naysayers out there calling bitcoin ‘very bad names’ and not admitting to is success and growing acceptance. This is another very good read addressing those negatives as well as pointing out all the things that are propelling bitcoin ever upward. The author also makes a case that digital fiat currencies will fail in the future as well. Right on.
"This article is for general consumption, but I’m primarily intending this for all of the Bitcoin haters out there. The trolls of Bitcoin. The people who run around the Internet, mistakenly calling Bitcoin a “scam.’’ a “pyramid scheme,“ or a “Ponzi scheme.” The ones who have successfully ignored all that Bitcoin has accomplished over the last eight years, and are ignorant enough to actually think Bitcoin is dying, or is a huge failure in some strange way you cannot really justify. Let’s assume you are right.
Let’s say somebody promised you that Bitcoin was going to become twenty different nation’s national currency or remove the U.S. Dollar as the global reserve currency, and Bitcoin did not meet that imaginary standard you made up for it. Let’s imagine that Andreas Antonopoulos, Gavin Andresen, and Mike Hearn promised you all sorts of global monetary changes due solely to the invention of Bitcoin.
This means you have ignored all the major corporations, internet brands, Fortune 500 banks, and national governments adopting Bitcoin’s blockchain technology because it far exceeds anything they have to offer. You also dismissed all the major brands associating themselves directly with Bitcoin’s digital currency, like Microsoft, Wikipedia, Fiverr, and Dell. You have ignored or failed to comprehend all the abilities Bitcoin has that make it inherently valuable, from instantaneous online payments to its encrypted security features. You have decided that Bitcoin is a con game, that’s your story, and you’re sticking to it."
Source: Bitcoin.xyz