Bitcoin Is a Hideous Monstrosity Made Out of Computers and Greed
Bitcoin is the solution to the fundamentally broken debt-driven economy. Critics don&#x27;t get it because they lump it together with &quot;cryptocurrency&quot;. While technically a cryptocurrency, Bitcoin does not exhibit any of the ponzi, scam-like shenanigans that are easily observable in shitcoins. Yes, there is a lot of crazy stuff happening with wash trading - but this is a byproduct of lack of regulation and has nothing to do with the thing that is Bitcoin. Most critics just don&#x27;t understand what problem Bitcoin solves. They think it has something to do with replacing currency, or sending payments. Bitcoin is a financial freedom tool for billions of people, the likes of which do not browse Hacker News. Those people get Bitcoin instantly. They don&#x27;t need articles like this one to tell them why their needs are unmet by the traditional finance system. The thing that Bitcoin critics lack is the understanding of credit markets, central banking and manipulation of money - the source of a large number of problems in the world. To them, everything is fine. Reminds me of that meme where the place is on fire and the dog is sitting in the middle of the room - that&#x27;s the Bitcoin critic.