Hacker News new | ask | show | jobs
by colesantiago 1249 days ago
The reason why it is an enormous grift is that Bitcoin has failed in its original aim to be used as a means of payment. It is completely slow, volatile and the majority of people use it speculate on exchanges.

The current price of Bitcoin is pumped up by Tether and it is only a matter of time till the entire thing crashes down.

For comparison, UPI achieved its aim of fast payments in India MUCH quicker than Bitcoin ever did in it's nearly 15 years of its existence and now UPI is expanding.