@ReturnOfKa activity
3 years ago: commented on the article "Is Bitcoin a Ponzi scheme (scam) ?"
Bitcoin is an evolution on the classical ponzi scheme. Instead of relying on a central operator, anyone can become an operator (think people like Michael Saylor, Elon Musk or the various pumpers on yo...
3 years ago: gave thumbs up to the article
Is Bitcoin A Bubble?
3 years ago: commented on the article "Bitcoin Cash (BCH) is better than. other cryptos!"
What matters is not the price of the cryptocurrency, but how useful it is in making transactions.
3 years ago: commented on the article "Common misconceptions about Bitcoin"
The thing is, Bitcoin actually started out on the right path with Satoshi, certainly if you take a look at the whitepaper (that is, a digital cash system, for uncensorable payments), but BTC has since...
3 years ago: commented on the article "Is Bitcoin A Bubble?"
Not only is Bitcoin a bubble, it's increasingly becoming a pyramid scheme. It's not used any more as censorship-resistant value transfer (mostly because of high fees and lack of privacy), but rather a...
3 years ago: commented on the article "Scam on the Crypto Space"
At this moment, crypto is the biggest pyramid schemes in human history and it will probably end in tears for many retail "investors".
3 years ago: commented on the article "Unbelievable!!! Could Facebook founder Zuckerberg..."
I'm going to write an article about why Facebook wants to create its own crypto, stay tuned :).
3 years ago: commented on the article "The Sheep Love Simple But Wrong:"
The majority of people coming into crypto today are not people who are about censorship-resistant value transfer. Most buy crypto because they see people around them making money on it, all while not...
3 years ago: commented on the article "My Thinking for Dogecoin: Either Exploding Or Cras..."
You should probably add that doge has unlimited inflation, which puts huge sell pressure on it.
3 years ago: commented on the article "The Dangers of Printing Fiat Currency, Inflation a..."
Think about this though: if there was a better alternative, how come all "successful" nations on earth use fractional-reserve fiat money?
3 years ago: commented on the article "Unbelievable!!! Could Facebook founder Zuckerberg..."
Facebook is out to create a "cryptocurrency" of their own, Diem (previously Libra).
3 years ago: commented on the article "Tesla’s Bitcoin play"
A good documentary to watch is "Debunking Elon Musk" on YouTube. He's not an inventor nor is he a good engineer, he is however, a brilliant salesman and marketeer.
3 years ago: commented on the article "PoW Explained for Dummies (Elon Musk Edition)"
https://read.cash/@ReturnOfKa/teslas-bitcoin-play-636c66a0
3 years ago: commented on the article "PoW Explained for Dummies (Elon Musk Edition)"
Miner centralization in China isn't necessarily that worrying. The entire system is setup such that miners are rewarded for doing the right thing and even if the network temporarily is 51% attacked, i...
3 years ago: commented on the article "PoW Explained for Dummies (Elon Musk Edition)"
I wrote a small piece on "Tesla's Bitcoin play". He doesn't seem care about censorship resistant value transfer, but is mainly using the crypto hype to draw attention to himself and his businesses.
3 years ago: published the article
Common misconceptions about Bitcoin
3 years ago: published the article
Tesla’s Bitcoin play
3 years ago: commented on the article "Is Bitcoin the best performing asset class of the..."
How is it as store of value if it goes down 20% in one day?
3 years ago: published the article
Bitcoin, a fundamental analysis of the largest pyramid scheme in human history