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  • Teaching Bitcoin - The Presentation Bundle (17) - 75

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    Tin
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    Bitcoin has been criticized for being bad for society, having failed or likely to fail, and for being dangerous, unfair, useless, and obsolete. Specific criticisms include that bitcoin is a scam, uses excessive energy, is expensive to acquire, has high fees, facilitates crime, causes pollution and e-waste, has volatile and slow transactions, an inelastic supply, encryption that can be hacked, enables speculation and gambling, has concentrated ownership, no intrinsic value, limited functionality, a corruptible supply, and relies on the internet.

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    Teaching Bitcoin_ The Presentation Bundle (17)-75

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    Bitcoin has been criticized for being bad for society, having failed or likely to fail, and for being dangerous, unfair, useless, and obsolete. Specific criticisms include that bitcoin is a scam, uses excessive energy, is expensive to acquire, has high fees, facilitates crime, causes pollution and e-waste, has volatile and slow transactions, an inelastic supply, encryption that can be hacked, enables speculation and gambling, has concentrated ownership, no intrinsic value, limited functionality, a corruptible supply, and relies on the internet.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    17 views1 page

    Teaching Bitcoin - The Presentation Bundle (17) - 75

    Uploaded by

    Tin
    Bitcoin has been criticized for being bad for society, having failed or likely to fail, and for being dangerous, unfair, useless, and obsolete. Specific criticisms include that bitcoin is a scam, uses excessive energy, is expensive to acquire, has high fees, facilitates crime, causes pollution and e-waste, has volatile and slow transactions, an inelastic supply, encryption that can be hacked, enables speculation and gambling, has concentrated ownership, no intrinsic value, limited functionality, a corruptible supply, and relies on the internet.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    @anilsaidso

    Is bitcoin
    useful?
    Unsure No Yes

    Bad for society Has failed Will fail

    Dangerous Unfair Useless Obsolete Economic Technological Government

    Scam Excessive Expensive Fee-based Miner


    High fees Banned
    (ponzi, pyramid) energy use to acquire model concentration

    Facilitates Pollution & Slow Inelastic Encryption


    Volatile Taxed
    crime e-waste transactions supply hacked

    Speculation/ Concentrated No intrinsic Limited Corruptible Internet


    Regulated
    Gambling ownership value functionality supply reliant

    Incentivizes
    Unbacked Duplicable
    hoarding

    No use case Complicated


    to use

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