Lately, with the recent crypto-cash, we have seen what I call “The blame game” This is what mainstream media does to get attention and look like they know what they are talking about, so far, the two people that are pointing the finger at are Elon Musk and China. There may be something there with China since almost 65% of all the bitcoin in the world gets mine in that particular country, but any other country would fill that void. So now we go to Elon Musk and I been asking myself. Why are we paying attention to a billionaire? Don’t get me wrong, and I believe he’s a brilliant and very savvy entrepreneur. Still, if you go to the basics of cryptocurrency, you can see why following any Billionaire is a big mistake for the following reasons:
Nobody owns Bitcoin or any real decentralized cryptocurrency.
The great thing about Bitcoin is that nobody owns it. You can buy as little as $5 of it, and it’s yours. Nobody can take it from you unless you tell people where your crypto is or give them your private keys. And if you want to go even further, you can get privacy coins like Zcash, Monero and Dash that people would have no idea you even have them. So if you are buying, make sure you are betting on a project that can’t be stopped by a group of people or a singular person.
Billionaires are just arriving at the party.
Except for the Winklevoss twins, most bankers and financiers called Bitcoin and other cryptocurrencies from a Ponzi scheme to rat poison. These are the same people sayin”Crypto is here to stay”, “Buy the dip,” and all other types of crap. Crypto and Defi is a young space. Many people are working everyday to improve it; we have not seen the full potential of blockchain and cryptocurrencies, so nobody and absolutely nobody knows what will happen not in a year or ten years from now.
The whole point of Bitcoin is to be out of the hands of “The Man.”
Think about this for a second the whole point that many people are into this technology is because we are tired of things like Inflation and wealth inequality, things that affect 99% of us and dont affect, you guess it, billionaires. This is supposed to be what disruption looks like, not what you see in Silicon Valley; this economic revolution is built not belong to anybody and get the participation of everyone. So please learn and keep learning and don’t follow the hype unless you like gambling, so please read and watch videos and stop listening to billionaires.
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