Posted by hoolahoo > 2017-12-29 08:56 | Report Abuse

People are talking a lot about bitcoin. When bitcoin was created 8 years ago, people were and are still saying bitcoin is a scam and is not a currency as it has no intrinsic value and not backed by any country. They are many such people too lazy to learn about cryptocurrency but easily calling cryptocurrency as scam or as a zero sum game. Here are a few of the many reasons why bitcoin is not a scam (but it will become obsolete very soon replaced by a better currency). 1) Too many people are not cryptocurrency literate and do not understand at all what is crytocurrency and simply can not accept digital money. 2) Any scam will not last more than 3 years but bitcoin is now 8 yrs and is getting larger and hotter. 3) Bitcoin is the first and fastest rising crytocurrency in the world 4) You can use bitcoin for payment and traded over many exchanges like stock exchanges. 5) Bitcoin is expensive to mine and therefore is not a zero sum game but had an intrinsic value although it is a bad crytocurrency. It was not created for mass usage. Learn from this video link the next crytocurrency a bitcoin killer https://www.youtube.com/watch?v=KpxGwhfn6x0