With the Taproot update that I think just took place recently, the way was paved for anonymous transactions. Cryptocurrency is a way to transfer value without a third-party intermediary, and the ability to do so without large storage or transportation costs.
How about making an intelligent, thoughtful rebuttal of why you don't believe bitcoin is a good choice for a currency instead of just posting "lol". There is a smooth-brained retard here, but I don't think it's crypto-holders, who have made a lot more money than you have by buying the dips and holding.
And of course you failed to address the dozens of other uses for blockchain technology.
And gold and silver have barely moved in over a year, despite the massive amount of monetary expansion.
You should pop your brain out and polish up that smooth surface with some shoe polish.
Gold and silver are tangible... you can hold them in your hand. They are useful in many applications, therefore they have intrinsic value. Companies make products and services that people need or just desire, therefore their stock has underlying value, if not only asset value in buildings, equipment and land, but in their customer base.
Bitcoin has none of the above... -zero- ...nothing more than the belief in the religion of cryptocurrency spewed other morons.
Finally, the Fed and the SEC will never allow cryptocurrency to be used for money laundering of any kind, so there will be regulation and hence the absence of anonymous transactions.
- You should pop your brain out and polish up that smooth surface with some shoe polish.
Boring ad-hominem non-argument. Next.
- Gold and silver are tangible... you can hold them in your hand. They are useful in many applications, therefore they have intrinsic value. Companies make products and services that people need or just desire, therefore their stock has underlying value, if not only asset value in buildings, equipment and land, but in their customer base.
There is no such thing as "intrinsic value". All value is subjective. By claiming that something has "intrinsic value", you are asserting that every single person finds some minimum amount of value in something. This is not the case, unless you've surveyed every single person on earth and asked them. In the case of both precious metals and company stock, neither is relevant to the question of whether Bitcoin has value.
The fact is, the market believes that Bitcoin has value, as many people hold it and trade it. There might be a lot of speculation in the market now, but it's been around for like 12 years and there are millions of dollars invested in crypto-mining and other crypto hardware and applications, so I doubt it's going anywhere. Value is subjective, but currently that subjective assessment is on the side of Bitcoin.
- Bitcoin has none of the above... -zero- ...nothing more than the belief in the religion of cryptocurrency spewed other morons.
Bitcoin has other properties that you have ignored. There are properties that define what a money is. Here is an article that teaches you the basics of money, which you should read as you seem to not understand it: https://www.investopedia.com/terms/m/money.asp
I really can't engage with you further when you don't demonstrate an understanding of basic economic concepts like this.
- Finally, the Fed and the SEC will never allow cryptocurrency to be used for money laundering of any kind, so there will be regulation and hence the absence of anonymous transactions.
Thankfully, we do not need the permission of the Fed or the SEC to engage in cryptocurrency transactions. They are decentralized for a reason, and we can ignore regulations, especially on decentralized platforms. If you are too worried about defying the government to engage in commerce that might be against the law at some point in the future, then you should get your vaccine and booster now because you're already bending over for them.
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