/biz/ - Business & Finance

> Bitcoin is like digital gold!
No, because a bar of gold doesn't include its entire transaction history. You do not risk being audited if the gold you bought happens to have been used for illicit transactions at some point in the past, even though you yourself have done nothing wrong.
> If I buy from legit exchanges, I don't risk holding tainted BTC!
Alright. In that case, I hope that you're still okay with everyone whom you're transacting with knowing how much BTC you hold, and what you have been buying with it. A BTC wallet is the equivalent of having a bank account whose balance and transaction history is completely out in the open, forever. Is this what you want? No amount of shuffling funds around different addresses is going to conceal your activity in the face of a competent adversary.
> But I heard bitcoin is anonymous!
This is simply false. Your anonymity ends the moment your address transacts with an entity that knows your identity (this includes the exchange you bought it from). Anonymity was a reality before KYC laws, but those times are long gone.
> But I heard it's the new money!
The supply is capped, and the inflation rate is decaying until the cap is reached. So long as the bubble keeps inflating, demand will outpace supply and the price of BTC will keep increasing. Why spend your bitcoin on a Chevy today, when you could buy a Tesla tomorrow? Why spend it on a Tesla tomorrow, when you can buy a Rolls Royce in a week? As you can see, people do not have an incentive to buy goods and services using bitcoin. Do you see any problems with that?

As more people get into the hype, the cracks will become more apparent. Guess what happens next?

>>16785815
> that moment in history when tulips were worth more than gold