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I just unsubscribed from r/Technology. It's incredible the amount of massively upvoted front-page anti-Bitcoin/crypto FUD posts, all of them low quality, unsubstantiated and full of falsehoods.

All Cryptocurrencies

by COINS NEWS 194 Views

Why they hate Bitcoin/crypto so much. Is because their false beliefs about the chip shortage mistakenly blamed on POW, is it because they feel bad for "missing the train".

Or maybe they are influenced by the MSM lies and false narratives about "Bitcoin is bad for the environment" or "just a speculative bubble/pyramid/Ponzi scheme" without doing any research or due diligence by themselves.

Maybe it's a social engineered manipulation by big actors on that sub.

They are missing the big picture:

Why would I ever give up my Bitcoin for printed-to-infinity government coupons (IOU's)?

Neo: what are you trying to tell me, that I can trade my bitcoins for millions someday?

Morpheus: No, Neo. I'm trying to tell you that, when you are ready, you won't have to

"When measured in fiat, Bitcoin price will rise infinitely".

"Bitcoin has no top, because fiat has no bottom".

I will NEVER sell my Bitcoin for printed-to-infinity government IOU's, the same as somebody who bought a block in Manhattan on the 1800's will never sell it no matter how high the price goes when measured in ever-worth-less USD.

You earn in value appreciation/equity against USD as well as in the expensive rents your tenants are paying. If you need even more fiat you borrow against it, and pass the prime real estate to your children and grand children... for many generations, and they don't ever sell it for fiat either.

submitted by /u/simplelifestyle
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