* Preferred Partner - click to find out more *Red Flag Reputation // GetRedFlag.com

Don’t believe the ‘maximalists’: bitcoin can’t be separated from crypto

Date:

Share post:

If you have ever dared to direct criticism at the world of crypto, the chances are you will have received some charming rebukes. You are likely to have been told to “have fun staying poor” as you’re “never gonna make it”; your criticisms have probably been dismissed as mere “FUD” (fear, uncertainty and doubt); and you may well have been informed that you are in fact nothing more than a “salty no-coiner”.

But there is another slightly more sophisticated flavour of counter-criticism finding its way into my inbox with increasing regularity these days. It usually starts with something designed to appease — some kind of agreement that crypto is immoral, a scam, or some version of a Ponzi scheme. But then it quickly changes course, to explain that none of this applies to bitcoin.

Bitcoin, the bitcoiners tell me, is not crypto. And, you understand, crypto bad, bitcoin good. Very very good.

Bitcoin is a lifeline for so many people around the world,” one altruistic bitcoin holder said to me recently. “Please stop lumping it in with crypto, which is…

Read more…

Related articles

Mastercard & Crypto App ‘hi’ Launches NFT Customizable Cards

The crypto exchange and mobile banking platform hi has partnered with global payment services provider Mastercard to launch...

What the latest IRS crypto tax records summons means for investors

The IRS continues to chase U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions with...

Are DAO members personally liable? A CFTC case may clarify

Good morning, and welcome to Protocol Fintech. This Monday: the big question of DAO liability, Gov. Gavin Newsom’s...

Vitalik Believes All Blockchain Networks Should Follow in Ethereum’s Footsteps and Move to Proof-of-Stake

Key takeaways: At the 2022 Messari Mainnet event, Ethereum’s Vitalik Buterin called for PoW networks like Zcash and Dogecoin...