I want to like Bitcoin but the ledger being public, every transaction recorded, and the capital gains reporting requirements any time I convert to cash to sell or even transact seems scammy.
Also I hear about lots of paper Bitcoin millionaires but I don't know anyone who cashed out and bought land or a mansion via Bitcoin wealth.
And if no one is really cashing out and there isnt much regular day important commerce utilizing the bitcoins then it seems more the pyramid scheme
So far my criticism of Bitcoin has been mostly wrong so take that with a grain of salt
It is, but it's anonymous (wallet address only present) and accessible by everyone (open source). This is only made possible by the blockchain at this scale.
I want to like Bitcoin but the ledger being public, every transaction recorded, and the capital gains reporting requirements any time I convert to cash to sell or even transact seems scammy.
Also I hear about lots of paper Bitcoin millionaires but I don't know anyone who cashed out and bought land or a mansion via Bitcoin wealth.
And if no one is really cashing out and there isnt much regular day important commerce utilizing the bitcoins then it seems more the pyramid scheme
So far my criticism of Bitcoin has been mostly wrong so take that with a grain of salt
It is, but it's anonymous (wallet address only present) and accessible by everyone (open source). This is only made possible by the blockchain at this scale.