$SQUIGS
Trending UpSnapshot Window: 2026-07-20 20:40 UTC · ← Back to Crypto Overview
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Total Engagement - Comments: 13, Retweets: 6, Likes: 30, Impressions: 373
Verbatim Community Citations & Social Evidence 1 source posts analyzed
What‘s the entire point of BTC at this point? Hello, I‘m in the crypto market for many years now. The entire idea around Bitcoin is still revolutionary and very important in my opinion. But let‘s look at BTC today. It‘s a very decentralized PoW network with a theoretically fixed supply written in code and saved within thousands of nodes worldwide via social consenus. But that‘s it. It‘s light years away from being a payment p2p network. It‘s literally a Wall Street meme coin at this point in time. People buy it to make more Fiat in the same way people buy stocks or gold. People often claim BTC would be digital gold which isn‘t an advantage at all. If BTC is digital gold it‘s actually flawed. „But you can self custody and actually hold your own money“: No, that‘s a lie. With the low throughput of the Bitcoin network only a tiny amount of people are able to self custody and if there‘s a black swan people probably have to wait weeks to finally get out.