OtamokanIshotas

bitcoin

Bitcoin has been around for over a decade, proving its resilience through market cycles, regulatory scrutiny, and technological evolution. Yet, despite its growth and increasing adoption, skepticism about Bitcoin remains prevalent. In this article, we'll explore the most common criticisms of Bitcoin, evaluate their validity, and provide counterarguments from both a technical and economic perspective.

### **Common Criticisms of Bitcoin**

1. **Volatility Makes It Unstable as a Currency**\
   Bitcoin's price fluctuations are often cited as a major drawback. Critics argue that a currency should be stable to function effectively in daily transactions.

2. **Lack of Intrinsic Value**\
   Many skeptics claim that Bitcoin has no intrinsic value, unlike gold or other tangible assets. They argue that its price is purely speculative.

3. **Regulatory Uncertainty and Government Crackdowns**\
   Governments worldwide have adopted varying stances on Bitcoin. Some fear that increased regulations or outright bans could cripple its adoption.

4. **Energy Consumption and Environmental Impact**\
   Bitcoin mining is frequently criticized for its high energy consumption, with detractors arguing that it is unsustainable and harmful to the environment.

5. **Security and Fraud Concerns**\
   While Bitcoin itself is secure, scams, hacks, and thefts on exchanges and wallets fuel skepticism. Some argue that these risks make it unsafe for mainstream use.

### **Are These Concerns Valid?**

Each of these concerns has some basis in reality, but often they stem from misunderstandings or an incomplete picture of Bitcoin’s evolving landscape.

- **Volatility:** Bitcoin's price volatility is high, but it has decreased over time as adoption grows. Additionally, early-stage assets often experience volatility before stabilizing.
- **Intrinsic Value:** Bitcoin’s value comes from its scarcity, decentralization, and security, much like how gold derives value beyond its physical properties.
- **Regulatory Risks:** While regulations can impact Bitcoin’s usage, its decentralized nature makes it resistant to complete government control.
- **Environmental Concerns:** The Bitcoin mining industry is shifting towards renewable energy, with reports showing a growing percentage of mining powered by sustainable sources.
- **Security Risks:** Proper education on secure storage (e.g., hardware wallets) significantly reduces the risks of theft and scams.

### **A Different Perspective: Bitcoin as an Evolving Asset**

Bitcoin is still in its early stages of adoption. Like the internet in its infancy, it faces skepticism, but its underlying technology and principles have the potential to reshape global finance. As more people understand its mechanics and use cases, skepticism may gradually fade.

**What do you think? Are the concerns around Bitcoin justified, or are they simply misconceptions? Let’s discuss in the comments**



Why Do Some People Still Doubt Bitcoin?

Baby Stacker Corner #5

I don't realized that I need to attach a wallet to receive sats
I have Zebedee Wallet how do I attach it ? please help

The Need For a New System

02c7e26aad

Your story is raw and powerful. It takes a lot of courage to live the way you do, constantly starting over and staying committed to what you believe in. Bitcoin was always meant to be more than just a way to get rich—it’s about freedom, resilience, and challenging broken systems.

But maybe financial sovereignty isn’t just about stacking sats; it’s also about sustainability. Supporting loved ones is noble, but taking care of yourself is just as important. Maybe the change we need isn’t just in the system, but also in how we use the tools we have.

Wishing you strength and clarity on your journey. Stay safe, brother. 

Verifiably secure dead drop to share bitcoin addresses and other secrets

stacks

This is awesome! A simple yet very useful tool, especially in environments where privacy and security are crucial for sharing addresses and sensitive information. I really like that the encryption happens client-side, which significantly enhances security.

Do you have any plans to open-source this project, or are you looking to develop it further based on feedback? Also, is there a mechanism to ensure that links can't be reused after being accessed once?

Either way, great work—I’ll definitely give it a try! 

Major Improvement of Initial Block Download (IBD)

bitcoin_devs

Great breakdown of Bitcoin Core’s IBD improvements over the years! It’s amazing to see how much progress has been made in speeding up synchronization while maintaining security. Excited to see how AssumeUTXO and UTREEXO shape the future! 

Flash Wallet Beta is Here – A New Era for Bitcoin-Powered Businesses

cryptocoin

@OtamokanIshotas's bio

Howdy! Thanks for the warm welcome and for introducing me to ~AGORA. It sounds like a great space for P2P exchange using Bitcoin! I'll definitely check out the intro guide and keep an eye on how things work around here. Appreciate the invite and looking forward to being part of this awesome community.


## **Introduction**

The digital landscape is evolving rapidly, with artificial intelligence (AI) and Bitcoin emerging as two of the most transformative technologies of our time. While AI is revolutionizing automation, decision-making, and personalization, Bitcoin is redefining money, trust, and decentralization. But what happens when these two forces converge? Could they create a more open, censorship-resistant, and privacy-focused internet? Let’s explore how AI and Bitcoin might work together to reshape the digital world.

## **1. AI as a Tool for Privacy and Security in a Decentralized World**

One of the biggest concerns about AI is its role in mass surveillance and data collection. Big Tech companies leverage AI algorithms to track user behavior, analyze preferences, and monetize personal data. However, combining AI with blockchain technology, particularly Bitcoin’s decentralized model, could lead to novel privacy-enhancing solutions:

- **Decentralized Identity Systems:** AI-powered identity verification on blockchain networks could eliminate the need for centralized authentication, reducing the risk of data breaches and identity theft.
- **Privacy-Preserving AI Models:** Federated learning and zero-knowledge proofs (ZKPs) could allow AI to process data locally on a user’s device without exposing sensitive information.
- **AI-Driven Smart Contracts:** AI can optimize self-executing contracts on Bitcoin’s Layer 2 solutions, such as the Lightning Network, ensuring more efficient, tamper-proof transactions.

## **2. Bitcoin as the Foundation for an Open Digital Economy**

The internet has long been dominated by ad-based revenue models that prioritize engagement over user well-being. With Bitcoin’s microtransaction capabilities, we could shift towards a more user-centric economy where content creators, developers, and service providers are directly rewarded by their audience. Here’s how Bitcoin enables a freer digital economy:

- **Micropayments for Content:** Instead of relying on paywalls or intrusive ads, Bitcoin’s Lightning Network allows for instant, small-value transactions. Users can pay per article, video, or interaction, enabling a sustainable model for independent creators.
- **Censorship Resistance:** Bitcoin’s decentralized nature ensures that transactions cannot be blocked or reversed based on political or corporate interests. This is particularly crucial for journalists, activists, and businesses operating in restrictive environments.
- **Trustless Crowdfunding:** AI-driven crowdfunding platforms built on Bitcoin can ensure fair allocation of funds, automatically assessing project viability and reducing fraud.

## **3. AI and Bitcoin-Powered Communities: The Future of Digital Interaction**

Platforms like **Stacker News** are proving that incentives matter in online communities. By integrating Bitcoin, users are rewarded in **satoshis (sats)** for contributing valuable content, effectively creating a meritocratic news and discussion ecosystem. But what if AI could further optimize these communities?

- **AI-Driven Content Curation:** Instead of relying on centralized algorithms that manipulate engagement, AI can help filter out spam, misinformation, and low-quality content while maintaining neutrality.
- **Autonomous Moderation:** AI-powered bots, operating on transparent, open-source protocols, could help maintain community standards without introducing bias or centralized control.
- **Personalized Knowledge Networks:** AI can tailor content recommendations based on a user’s interests without harvesting personal data, leveraging federated learning on decentralized networks.

## **4. Challenges and Ethical Considerations**

While the combination of AI and Bitcoin presents exciting opportunities, it also raises important ethical and technical challenges:

- **AI Bias and Decentralization:** Most AI models today are trained by centralized entities. How do we ensure fairness and neutrality in AI decision-making while integrating it with decentralized systems?
- **Energy Consumption:** Both AI and Bitcoin mining are energy-intensive. Will future advancements in energy-efficient AI and Bitcoin protocols make this integration more sustainable?
- **Adoption Barriers:** Many people still find Bitcoin and AI complex. How can we improve education and user experience to facilitate mainstream adoption?

## **Conclusion: The Dawn of a New Digital Era**

The intersection of AI and Bitcoin holds the potential to redefine the internet as we know it. By leveraging AI’s analytical power alongside Bitcoin’s decentralized and censorship-resistant nature, we could build an internet that is **more private, secure, and financially inclusive**. 

This vision is already taking shape through communities like Stacker News, where users can earn Bitcoin for their contributions. As AI continues to evolve, it could further enhance these decentralized ecosystems, making online interactions more meaningful and rewarding.

The future is being built now. Will AI and Bitcoin lead us to a freer, fairer internet? What are your thoughts on this potential revolution? Let’s discuss!

### **What Do You Think?**
We want to hear from you! Do you believe AI and Bitcoin can truly reshape the internet for the better? How do you see their intersection evolving? Drop your thoughts in the comments and join the conversation!



How AI and Bitcoin Could Shape the Future of the Internet

NEW SHOW: 21 QUESTIONS – Let's find out where bitcoiners agree & disagree

TheVladCostea

# How I Earned $50 in Bitcoin Using ZBD – A Gamer’s Guide to Earning Sats!

For a long time, I have been using **ZBD**, and so far, I have successfully withdrawn **$50 worth of Bitcoin (satoshis)** from the platform. If you're looking for a fun way to earn Bitcoin while playing games, this guide is for you!

## What is ZBD?
ZBD is a platform that allows gamers to **earn Bitcoin (sats)** by playing different types of games. The platform offers two main ways to earn:

1. **Time-based games** – The more you play, the more sats you earn.
2. **Task-based games** – Complete specific challenges or objectives to receive rewards.

## How Does ZBD Work?
ZBD integrates with various games that support **Bitcoin rewards**. Once you sign up and connect your wallet, you can start earning sats by engaging with supported games. After reaching a minimum withdrawal threshold, you can **cash out your earnings to your Bitcoin Lightning wallet** instantly.

![](https://m.stacker.news/79085)

## Why I Recommend ZBD
- **Instant Bitcoin payouts** via the **Lightning Network**
- **Variety of games** to choose from
- **No investment required** – Just play and earn!
- **Easy withdrawals** to external Bitcoin wallets

## Get Started with My Referral Code
If you're interested in trying ZBD, sign up using my **referral code: [O4DXYA]**, and you might even get a welcome bonus!
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ZBD has been a **fun and rewarding** experience for me, and if you love gaming, it could be for you too! Have you tried ZBD? Share your experience in the comments below!

