Bitcoin has been under attack from the first day it started working.
People keep finding new ways to attack Bitcoin all the time.
Yet Bitcoin has never died and has never been hacked. It keeps working.
It seems to me that the biggest attacks come from shitcoiners. They claim that there is a new, better coin than Bitcoin.
Honeybadger don’t care.
Bitcoiners comparing Bitcoin to Honeybadger, an absolutely fearless and unstoppable animal
The problem with shitcoins is that they all are centralized scams and sooner or later go down.
Some governments attack bitcoin as well, because they see it as a threat to their power. Then, there are governments that accept or fully embrace bitcoin. The country of San Salvador made Bitcoin a legal tender. City of Lugano in Switzerland made Bitcoin a legal tender. The first spot bitcoin ETFs have been approved in the USA in January 2024.
Since 2011, when considering annualized returns, Bitcoin’s rate of return stands at 230%, which is 10 times higher than the second-best performing asset class, the Nasdaq 100 Index.
Over the same period, large US stocks experienced an annualized return of 14%, high-yield bonds saw a growth of 5.4%, and gold had a return rate of 1.5%.
Yes, Bitcoin fiat price is volatile. That’s why you save in Bitcoin with a long term in mind. But Bitcoin is not volatile. It works as it was programmed to work.
Since 2009 Bitcoin keeps ticking. 14 years. It survives all attacks. It works beautifully. Tik tok, next block.
PS: I update this post frequently, as I learn more about Bitcoin.
Stack sats, do pushups.
by Push
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