Quote:
Originally Posted by Malsua
Bitcoin is a store of value at this point.
If you think crypto is bitcoin, you have no understanding of what crypto is.
Crypto is way way more than bitcoin. It is blockchain. Sure, there are some ponzi tokens and coins, mostly the meme coins, but crypto is much much more than that.
There are coins on their own block chains that allow you to decentralize storage. You can drop a file on Siacoin chain for example and it gets split up and stored all over the world encrypted. 100% unhackable. Yes, 100% unhackable. Now, will quantum computing change that? Maybe, but today, you can securely store files in a fashion that only you can access.
There are chains dedicated to bank to bank transactions. This means that two banks can safely swap funds and have the transaction cleared in minutes rather than days like ACH.
There are thousands of these types of applications, the above are only two.
If you think it's a ponzi scheme, just wait until the US Government launches their own. It's coming. I can't say when exactly, but it could be before the end of this year, certainly within 5 years. It's going to change EVERYTHING.
When uncle fed decides to join the crypto space, everyone who's in it already will see their fortunes grow. Of course, some coins and tokens will go to zero. Others, such as Bitcoin and Ethereum will likely go to the moon.
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There is nothing said that is not public information. Block currency. Think about any advantage. Stored value? Endless debate-land, gold, silver, stocks are just a few of them. The block currencies a very volatile. Stored value, at least to me implies stability
relative to other things with,"stored value." Block currency does not have that.
The fed joining crypto space. We all tend to think what we are fed by the news. The fed has been in crypto currency for many years. Of the trillions in circulation. Truth, talk about mind control, how many people realize they do not understand or comprehend might be a better word one trillion dollars let alone the rapidly growing national debt.
Of the words we toss about and repeat with out putting it together. Printing money?
Reality roughly 20% of the dollars even exist as coins, printed paper the rest is simply computer notes.
We are hooked on government. Government is hooked on tax to buy our votes. Our government is struggling to be able to extract a percentage of anything of value.
Reality is truly simple when we dare to see it.
I do not claim to have a better solution. I've recently started e-mailing to someone I knew years ago. He is bright, he is normal at least not NUTS. He and his brother bought 140 acres in North Carolina. I've never seen it. He has a house, a wife, a well, a stream
wild game etc etc. I see that clearly as,"stored value," not block currency.