There Is A Lot Of Ignorance Out There About Crypto

Hey people of steem,

So there are some articles about people, smart people, who have a negative opinion about bitcoin and crypto. Now I am open to people's opinions and you can not like crypto or blockchain tech. That is your choice. But I am finding there are some people who are vehemently arguing against something they know little about. And these opinions are at best based on misinformation and at worse just plain wrong.

The main issue seems to be this idea of bitcoin that is years old and based on a scene from a movie. This idea that it is 100% anonymous and that it will need to be brought down by the government. Yes crypto can be anonymous but it can also be the exact opposite. You are dealing with an open ledger here. This means you can literally track each transaction openly. This is less anonymous than the money we use now if the crypto wants to be used that way.

There are other arguments that are misinformed as well. One being I can't spend it anywhere so it has no use. But I have covered this in other posts. The coin is an asset (and this was approved by the SEC) and stores can accept it if they chose to. It is not a tech issue but a people one. Yes there are scaling issues at the moment with coins but that is being dealt with. And other coins like steem can handle millions of transactions already. Plus I can send steem for free. There is nothing stopping me from accepting steem as payment for anything.

If you see someone railing against crypto, look to see if these words come up. If they do not mention smart contracts, dapps, assets or any other coin beside bitcoin then you might want to second guess the post. Smart contracts are kind of a big deal and a big part of why crypto is going to be huge.

And finally if they say there is no intrinsic value then keep in mind millions of bitcoin was sent with a transaction fee of pennies. If you been to a bank you know how valuable that is.