on a long enough timeline the survival rate for everything is zero
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yeah, but what I'm saying is that I think we'll live to see the end of the cryptocurrency fad, and it won't come back
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there is actual technological innovation in play here, not just arbitrary tokens.
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Every cryptocurrency can have a functionally identical clone made of it. Yes, each system may be secure internally, but why choose one over
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another? 2. There's nothing of actual value represented by the currency. In the case of US dollars, there's the government's ability to
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raise taxes backing it up. Gold certificates have gold backing. Cryptocurrencies have nothing
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> Cryptocurrencies have nothing They have the faith of market participants, which is really all those other things have.
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guns >>>>>>>>>> faith
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I hope this isnt true but the potential for an unforseen cataclysmic cyber event is just too high in my judgement.
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I'm not predicting that. I'm predicting people will eventually come to their senses and realize there's no actual value in them
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What about the Fiat dollars we currently use. No one has come to their senses on them. Maybe thats coming. lol.
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Backed by government force
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In the end even threats of force cant save a hyperinflating currency. Im clinging to gold just like my guns, God and religion.
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Hyperinflation can happen, of course. Stick with gold over bitcoins
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I wish bitcoin well but I dont own any. Its all gold and silver for me.
End of conversation
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