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Bitcoin is facing 3 critical problems: 1. Not being used as a currency 2. Exploits and core v30 attack 3. Paper bitcoin
268,561 views • 1 year ago •via X (Twitter)
38 Comments

#Kaspa fixes this

1. Not a concern 2. Arguably a concern 3. Definitely a concern

Satoshi: I've created bitcoin so you don't have to trust banks with your money People: hey BlackRock take my money, buy bitcoin and hold it for me Satoshi:

Re: 1 Look at @btcmap + the @hrf + @bitrefill + @travala + numerous UGC and conferences + my videos 💅 and tell me btc isn’t a currency Bitcoin is being used as a currency by those who understand it. your biggest US stories re btc as a currency are @SteaknShake and @Square

The problem is the average person is more concerned about social issues than economic issues

Bitcoin is capital, more than it is currency. Once it gets 10x+ more valuable it will start being more of a currency. appreciate your views

“Why bitcoin deserves to go to zero” Lmfao get serious

Gold was hoarded for millennia before it ever became money in the Kingdom of Lydia around 640 BC. Bitcoin doesn’t need to become a globally adopted currency to “succeed”, just look at gold. What really matters is that it has all the properties of sound money, and if you run the regression test, it also has solid non-monetary uses, fully in line with the Austrian regression theorem.

I was once upon a time, a huge BTC advocate. That was until I actually started spending some time researching and understanding BSV and CSW. The corruption, censorship, and paid shills made things very clear — BTC is not Bitcoin. BSV is.

BTC has one problem — throughput so pitiful it should come with a walker and a nurse. Five transactions a second. Five. The system that was supposed to revolutionise global finance moves slower than a fax machine on dial-up. And yet, the apostles of “digital gold” chant about hardness, as if a limp protocol becomes firm through repetition. It’s performance theatre — a geriatric pretending to be a prize-fighter. They call it immutable, but it mutates every time the high priests at Core issue a “security update.” They call it scarce, but the exchanges print paper BTC by the billions. They call it sound money, but you can’t buy a coffee without waiting for the geological record to confirm it. What was once designed as a functioning cash system has been castrated into a museum exhibit — polished, inert, and utterly useless. So no, BTC isn’t hard. It’s flaccid ideology wrapped in digital mythology — a monument to the fear of progress, a cult of ossified code. The tragedy is not that it’s dying. The tragedy is that they still call it Bitcoin.

Wrong

You want actual P2P over pow? #kaspa You want pruned at default? #kaspa You want layer-resistance? #kaspa You want functional bitcoin? #kaspa

Just shut up lol

1. Bitcoin has never been used as currency, so that is not a "problem". It's been the best investment of the century, without being used as a currency. 2. Complaining about junk on the blockchain as a real threat is like saying a train doesn't work because there's graffiti on the cars. The world has been trying to hack and destroy Bitcoin for 16 years, and all the trouble you can find is graffiti? 3. This would be a legit argument, if the available Bitcoin on exchanges wasn't dropping, consistently, for months. If paper Bitcoin is just as good, why is real Bitcoin fading away? You also haven't factored in all the entities that want to enter the market now, and haven't, due to regulations, corporate bylaws, and internal legal roadblocks. Nations, hedge funds, FAs, and institutional investors are moving into the space, from now on, and this will never stop.

The ticker for Bitcoin is BSV.

Since Bitcoins market cap is small compared to the S&P or Gold, it's price is easily suppressed and manipulated. We can add that to the list of problems 🥶

$2 trillion market cap, they print that much for breakfast

Hyperinflation for breakfast lol

All this noise about Bitcoin’s “problems” is nonsense. Not used as a currency? — It was never meant to replace fiat overnight, bcz it’s a store of value first.Exploits and core v30 attack? — FUD at best, Bitcoin’s network remains the most secure in history. Paper Bitcoin? — That’s an exchange issue, not a Bitcoin flaw. Bitcoin isn’t broken it’s evolving while the clueless keep shouting crisis.

Paper bitcoin is definitely a problem, yes

Only real hard money is $kas it seems 😢

Incredibly based. Not only will paper bitcoin dominate but btc fractional reserve banking will too. This will only cause a Minsky collapse.

I'm a Bitcoin maxi .. This is why I stack kaspa

Also quantum. Or maybe that's part of problem 2.

Yea mentioned that under 2 bitcoin can be upgraded to become quantum resistant, but not if the community can’t reach consensus there will probably be people arguing not to “censor” quantum computers from stealing coins

But we have 5-10 years to figure it out.

That's why a new upgraded version is here and you can pay a chewing gum with it Peer 2 Peer and earn some rewards by using the network! It does what $ETH can't do in 100 years of today .... Would love to hear your thoughts on CIP of $XCB 🟢 native coin of the @CoreCoinCC and the @CoDeTechCC DePIN ecosystem. Thier native token $CTN has been sold out and their own no market makers using @PingHEX is functional and waiting to get the Beta version with the next update coming soon ! No FA, DYOR, but would love to hear your thoughts on it. You have here your own oracle's

None of these are a problem, why are you taking part in what is obviously the attack. 1. BTC is not currency it’s hard money 2. Core V30 doesn’t make anything possible that wasn’t already. 3. Not your keys not your coins Simple you are on the side attacking BTC wake the fuck up.

Your thoughts on $KAS @cryptotea I’m assuming you don’t know anything about it? PoW, fair launch, No VCs, No insider allocations/unlocks, No KOL paid shills. If your into sound money that takes care of your $BTC 3 critical problems, look into #Kaspa

Sounds ghey

I thought you weren't a newbie. Sad to see that after years in the industry you still have the thought process if someone who just discovered Bitcoin and is doubting that it will ever become money because today people are not actively exchanging it for goods and services. When was the last time that YOU bought something with Bitcoin? I pay with Bitcoin everywhere where they accept it. For instance MobiMatter - the e-sim card. I would never say that Bitcoin is not used as money, as I myself do use it as money. Which makes me think that, sadly, you are not. I am disapointed and I feel sorry for you.

Sorry to hear you are struggling.

A week before -

This is why its important to diversify into Litecoin for example as a better, lighter bitcoin, that is gaining on adoption as money.

We dont even need Bitcoin, we just need to ask the governments to stop printing more money? Alright. I am out. Unfollowed. I am sorry but I can not follow someone who after years in the industry, after having thousands of followers, still does NOT understand what problem Bitcoin solves and what Bitcoin is the solution. Asking is not the solution. We attempted that. We failed. I am giving you a pass on this one as you are still young and naive. With time you will grow and know better.

And that’s where Kaspa steps in.

If you want to use crypto as everyday money, the best is $XNO

You are here.
