Bitcoin is legitimate to us in the crypto world and to all bitcoin enthusiasts asides from those set of people that don’t want bitcoin to become legally used in the world. Despite the transparency in bitcoin and how it has helped to change the narratives of the world to some aspect, some group of people still find it unattractive and will always see it as a scam. Let those who believe in it embrace it and those that don’t should not make others feel they are trailing on the wrong path.


Not all countries have actually made it legitimate to use and also seen it as a legal entity till date. The few of them that are okay with it have strict regulations imposed on its use and that has made them limited to some extent of its maximal use when looked into.

In other for more newbies to understand what is meant from this statement, they may need to read more on what the features of blockchain technologies are as part of them that guarantees for security and safety is the immutability nature of the blockchain, there are more to uncover as features for the newbies to see how this has helped in a lot of ways whereby we don't have to doubt anything concerning this technology in cryptocurrency.


Another big reason why people love to hear about bitcoin is the fact that it is cheaper and faster compared to fiat and other digital currencies transactions.

As far as I can tell, regulatory bodies haven’t been much of a pro-Bitcoin up to this day and that’s mainly due to the fact that, Bitcoin is above regulations once it isn’t at the exchange level. The only way there could be some regulation to how Bitcoin operates is by regulating the CEX that exists within the system and that haven’t been archived with great success.
Hence, for regulatory bodies to be so pro-Bitcoin to the extent of encouraging and merging it into system, I don’t agree very much with that. You don’t find these people encouraging what they can’t have control over. It’s the sole reason while many nations are against it.

Also, you might be confusing Bitcoin and Blockchain technology. I think the blockchain technology is the one thing you might have talked more about in your thread given that, it’s one way to ensure proper ledger arrangement and tracing, which is verifiable by everyone and anyone around the world. This also isn’t peculiar to Bitcoin as the technology have been applied in various fields for its reliable and ease to data collection, reproducibility and verifiable model.

Although it is written in the blockchain and can't be altered, there is no name attached to it and that's why government and regulatory bodies are somewhat very hard on us because they think that bitcoin is being used by criminals to hide their identity.


It's not instant payment though, that's why most online merchants are not accepting it. And then we have the volatility as well as big factor. And in the last year, we have problems like high fees as some groups are trying to exploit the code make their BRC20 and Runes clogging the network.

They are not merging Bitcoin into their systems, they are emerging Blockchain technology into their system, because Blockchain is the one that keeps the record of all the transactions, not the BTC. So, saying that a country that has banned BTC and crypto does not mean they can't use blockchain technology. Our government has banned crypto but they initiated a project to implement blockchain technology in a bank you can find the news on Google.
Nah, not every country or company is happy to use it, in countries where its not legal, so no legal rights, I was reading that out of 185 countries around 54 maybe have not allowed crypto (banned crypto). So considering the ban ratio with legal ones, I think these 54 or around it, are the dumb ones, they should really have accepted crypto otherwise they will be late in the race, and the later they will start the more late they will arrive at the destination.

Actually, the basis that bitcoin is said to be a fraud occurs as a result of some irresponsible people with actions that try to make deception in order to make victims deposit or give their bitcoin and that is certainly the case but this is not the fault of bitcoin because in the end bitcoin is only an object or tool not as a fraudster because after all when someone is in a condition that is indeed in something profitable like bitcoin then there will certainly be ways to get more including dirty ways like this but once bitcoin is an object or tool not as the main role.

In addition, sometimes many beginners also try something that is not well thought out so that when they are in bitcoin because of some influencers or because of instinct and trade on their will they lose or invest but panic when the price of bitcoin weakens because of the correction that also makes bitcoin a scam but here the wrong thing is not bitcoin in the end because it happens because those who really hope for instant profit continue to exist but do not understand the risks that will be owned.
So it's quite funny to keep saying this as a scam when the wrong is us in the end who don't see the overall risk.

There are so many attributes we can classify with Bitcoin including it's better opportunities in the world of finance. With the introduction of Bitcoin, transparency has become a topic in the world of finance. What makes most of us like Bitcoin is because Bitcoin is not backed by the government or world bank, which means it's never affected by monetary policy and inflation rate.

The Bitcoin security was well designed by Satoshi. Allowing every validated transaction to be evenly broadcast on all nodes, which means everyone (node), sees the transaction and permits it. Distributing of transactions on the Bitcoin network has made it very difficult for attackers to penetrate.

Bitcoin is reliable for transactions, but sometimes it might be difficult due to congestion, but I think the LN got you covered if you know how to use it. A system of saving (investment) is a general practice even on Bitcointalk. We all accumulate Bitcoin in form of investment, some for long term, while others for short term.

I don't think companies are investing for the financial stability you mentioned which I find confusing, but  I think that they are investing heavily due to what Bitcoin have to offer in the future, and that's massive profits for all investors.

Bitcoin’s public blockchain technology is a new concept that not a lot of people fully understand. This is why they think bitcoin is a scam, they don’t know how to use bitcoin. They think bitcoin is nothing but a profit making scam and if they don’t get double their investment in a short amount if time then it’s useless. We just need to inform and educate more people about bitcoin and its features.

Sorry for being an ass, but I actually thought this was about you sharing out your own personal experience on why and what made you affirmed that bitcoin hasn't scammed anyone just yet? But that's quite different with what you did; This is just a repetition of the same old fact that we've known over and over again.

I haven't heard and confirmed of any recorded case of a major rug pull on the bitcoin ecosystem. It's been over a decade and, nothing has changed pretty much. I sometimes got confronted by some curious minds with a bunch of alleged news about Bitcoin's fake existence. All i do is laugh at them!

The level of transparency in addition to its decentralized nature is everything the government does not want. We all know the government can’t afford to spill everything into the public. They keep things private. Even some banks they have these fees you don’t know where they came from. So they hate bitcoin because they can no longer earn from being an intermediary between people.