Worst for whom?
Lack of chargeback risk seems nice for businesses.
Lack of chargeback risk seems nice for businesses.
(Chargeback exists for a reason, and the reason isn't to piss off businesses).
People afraid to buy because they are likely to be ripped off.
Sure lots of people stop buying there. But they seem to still be doing business every second of the day I assume.
A former tech giant that has seen its dominance being swallowed by competitors and now cornered into numismatist and other collectible.
Sure it's a very profitable company for its inveators, but a friend of mine used to work there until recently and he used to describe it as a dead shell that merely lives out of rent-seeking on its legacy.
Good luck attracting investors if you have the same business plan today.
Chargebacks exist in the real world because long, long ago people recognized that electronic payment systems are fertile soil for scammers. The "lack of chargeback risk" that cryptobros keep chirping about is nowhere near the flex they think it is.
Again, this is by design. Such safeguards exist for a good reason. They are tools that are as necessary as a policeman's gun. Yes, they are tools that can be (and have been) abused and for which there should also be guardrails and oversight in place. But saying that crypto is better than "government based currency" because crypto has no such safeguards in place is the same thing as saying Wal Mart security officers are better than police officers because they don't carry guns. It is a naive thought at best.
The Epstein class and the Bankman-Fried class are the same people (and don't get fooled by their patronyms, it has nothing to do with Jews, and all to do with the American elite). And Trump is both an friend of Epstein and a proponent of cryptocurrencies.
Pick your poison, do you trust corrupt institutions or yourself more.
You lose your wallet, you make a few phone calls or walk into a bank and get a new card. You lose very little more than some time. Losing your crypto key means you lose your crypto.
Those are not at all the same thing.
The same institutions that caused the 2008 crash, the same institutions that in the last 5 years have printed 50% more of the total US dollar supply, the institutions that keep the poorest and lowest classes perpetually poor and stuck by constantly inflating their savings away?
Yes, I think I will trust Bitcoin and my hardware wallet more.
You rightly call that a “crash” that is nowhere near the scale of the regular bitcoin price fluctuations!
> that in the last 5 years have printed 50% more of the total US dollar supply,
Better trust an ecosystem that has created an endless amount of virtual money over the past 15 years instead then…
> the institutions that keep the poorest and lowest classes perpetually poor
Did you miss the fact that you now need an entire data center worth of specialized hardware to mine bitcoin? It was supposed to be a democratic hacker currency that anyone can mine, yet it is entirely controlled by a handful of hyperscalers… Pretty much no individual can even hold a full bitcoin now, talk about keeping people poor.
> I think I will trust Bitcoin and my hardware wallet more.
Delusional.