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Crypto is Just a Worse Version of an Existing System

GM Bitcoiners,

The crypto world has always piggy-backed on Bitcoin’s mission and reason for existing, and so they always harp on about…

  • Decentralisation
  • Freedom 
  • Choice 
  • Innovation 
  • Revolution

Bla, bla, bla… the metaverse, NFTs, DeFi, and everything else is marketed as part of this adventurous journey, as implied through ads such as this…

In reality, the future they are moving towards more closely resembles ‘Brave New World’. ¯\_(ツ)_/¯

‘Crypto’ is actually worse than the fiat system… because it’s just recreating the same thing, but with new rulers who are under EVEN LESS scrutiny than the very system they claim to be destroying.

The problem: centralised monetary systems that are manipulated and exploited by the few at the expense of the many, limiting individual freedoms and choice, controlling the market, and effectively stealing time and value. 

The solution: a decentralised monetary system in which anyone can join, verify and transact. Rules without rulers. 

Sounds a lot like Bitcoin already fixes this. 

The tide has gone out, and crypto is VERY naked, as seen by the continuing ripple effect the FTX implosion has caused…

Another day, another crypto firm in trouble. 

This isn’t to say Bitcoin companies are exempt from the current hard times – but it reminds us that, yet again, Bitcoin is very different from the world of crypto, and we mustn’t lump these two together. 

Compare a Bitcoin-only ‘influencer’ with the average crypto grifter, and the difference only becomes more obvious. 

Focus on the signal.

Written by Henry

Content Manager at FastBitcoins. Came to Bitcoin for the sound money... stayed for the memes! When not on Bitcoin Twitter, Henry can be found dancing Argentine Tango or in the gym.

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