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If you couldn't sell your crypto for fiat currency accepted by (((banks))), would you put any value or credence into the use of crypto as a viable alternative currency? If crypto was banned from conversion to existing fiat currencies next week, would it hold any value or would there be a mass scramble to dump it before the ban on conversion?

If you couldn't sell your crypto for fiat currency accepted by (((banks))), would you put any value or credence into the use of crypto as a viable alternative currency? If crypto was banned from conversion to existing fiat currencies next week, would it hold any value or would there be a mass scramble to dump it before the ban on conversion?

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[–] • 2 pts

Crypto is not intended to be invested in by non-technical people. It is not a method to store wealth & labor.

Crypto is a decentralized technology to allow decentralized financial transactions and governance, without outside manipulation and control, that has an infallible ledger record of transactions that cannot be subverted.

[–] • 0 pt

Unfortunately it has only really succeeded in enabling Ransomware and the FTX fraud.

[–] • 0 pt

only

lots of people around the world use it for legit transactions... you can even walk into a McDonald's in El Salvador and pay for your food with bitcoin.

[–] • 0 pt

OK, I forgot to mention the illegal International drug and gun trade. It was such a pain for the cartels having to ship all that US currency back to El Salvador for the cocaine, Bitcoin has replaced the US dollar as their basic currency.

[–] • 0 pt

Not true. Those that wish to detract from what it has accomplish typically parrot this falsehood, however.

[–] • 0 pt

You cannot deny that crypto currency is the key reason that ransomware proliferates. The untraceable transfer of money is the key.