First, I'm happy to finally see a blockchain project that isn't accompanied by its own token, and therefore isn't pursuing a quick cash grab, nor incentivizes gambling.
Second, what do you tell your friends and family who ask if they should buy bitcoin? As a former owner, I've become ridiculously wary due to the shady individuals behind it. If the price is propped up with shady fiat money and imaginary exchange tokens, what guarantees that the bitcoin price reflects the true supply and demand?
> Second, what do you tell your friends and family who ask if they should buy bitcoin?
I say "go ahead but don't put more than 5% of your portfolio on it, preferably 1% or less". Also, I'd recommend buying a crypto index fund instead of BTC directly.
Personally, I'm long term bearish. But the last decade has shown that "long term" may be reaaaaally long.
Second, what do you tell your friends and family who ask if they should buy bitcoin? As a former owner, I've become ridiculously wary due to the shady individuals behind it. If the price is propped up with shady fiat money and imaginary exchange tokens, what guarantees that the bitcoin price reflects the true supply and demand?