When it comes to Bitcoin, there is a lot of debate on whether it is a scam or legitimate. Some people believe that Bitcoin is a scam because it is not backed by anything, while others believe that it is legitimate because it is a decentralized currency.
Here, we will take a look at both sides of the argument to see if we can come to a conclusion about Bitcoin.
Those who believe that Bitcoin is a scam often point to the fact that it is not backed by anything. They argue that because there is no central authority controlling Bitcoin, it can easily be created or destroyed, and thus has no value.
They also argue that because Bitcoin is not regulated, there is no guarantee that you will be able to get your money back if you invest in it.
Those who believe that Bitcoin is legitimate often point to the fact that it is decentralized. They argue that this means that no one can manipulate the currency, and thus it has more stability than fiat currencies.
They also argue that because Bitcoin is not regulated, there is more freedom when it comes to using it, and thus it can be used for illegal activities without the government being able to track it.
So, what do we think? Is Bitcoin a scam or legitimate? We believe that Bitcoin is legitimate because of its decentralized nature. We think that this gives it more stability than other currencies, and we also think that the lack of regulation gives people more freedom when it comes to using it.