Cryptocurrency - Bitcoin - Blockchain - Risks - Privacy

Bitcoin’s Fundamental Flaw That No One’s Talking About

Bitcoin has a lot going for it. It has a very robust network, is rather decentralized, can’t be duplicated, etc. We’ve all heard the sales pitch. However, Bitcoin has a fundamental flaw that no one’s talking about. When it comes to privacy, frankly, we’re a little concerned. It’s no longer a secret that Bitcoin isn’t very good for privacy, but we’re convinced that Bitcoin’s transparent, public ledger will prove to be a bigger liability for investors than most realize. In this episode, we explain our reasoning for these concerns, as well as ideas for mitigating them moving forward. We also provide a business’ perspective, in terms of the risks of accepting Bitcoin as payment (e.g. tainted coins), which is too often overlooked and will hinder Bitcoin’s adoption as money. Visit us at biggerinsights.com to request a consultation or read our blog. Please consider making a non-deductible contribution to help us break through Big Tech suppression and keep this podcast going. OpenAlias: contribute.biggerinsights.com. Monero (XMR), Bitcoin (BTC), and Litecoin (LTC) addresses at biggerinsights.com/support-us. Disclaimer: Nothing in this episode should be construed as tax, financial, legal, or other advice. Some of the material discussed in this episode may not be appropriate, applicable, or lawful for you depending on when you consume this content and your jurisdiction. Investing in cryptocurrency involves significant risk, which may not be appropriate for your situation. Consult with your financial advisor before investing in and cryptocurrency.

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