So you haven't heard of a distributed database? Server shards?

Doesn’t matter how it is organized. A database is still controlled by one entity.

The easiest way to understand crypto is to understand that it's just a huge database, but instead of being on one server, it's spread across many clients. I said this in my previous comment.

Show me a database that does not have a single authority governing reads and writes.That’s the distinction.

Yeah lol. Some of them consume insane amounts of storage space instead of consuming insane amounts of energy.

Right, so consuming storage space is a lot more energy efficient than what Bitcoin must do. And some of them consume neither. It’s not a fundamental limitation, it just shows how new cryptocurrency is as a technology and that we have a lot to learn.

But they ride on top of Bitcoin's price and legacy, which uses a ton of energy. These green cryptos are an extension to Bitcoin, not a replacement (yet).

They can function just fine without Bitcoin. If Bitcoin disappeared tomorrow then any of these newer cryptos could replace it. The only thing preventing that is trust in Bitcoin due to how long it has been around.

That was my point. Crypto doesn't offer freedom from tyrannical governments. It gives tyrannical governments more power and ability to control people's lives adhoc, on the microtransaction scale.

Wrong. Just because you can manipulate exchanges doesn’t mean crypto doesn’t offer freedom. Government manipulates everything that it can. So what? If they banned guns, that wouldn’t stop guns from being a good self-defense tool, just as banning crypto wouldn’t make crypto bad as money, just more difficult to use than it would be otherwise. They still would not have power over how it works.

If people decided to use cryptocurrency instead of fiat, just as an example, then there is nothing the government could do about it. Yes they control the exchanges, but only because people are still interested in fiat.

If you used crypto for everything, what are they going to do? Not realistic today, sure, but it certainly could be in the future.

God can also be manipulated. Look at what the religious institutes did. Look at what the social engineers and CIA do to control our minds. God is consciousness and for most people in society they are part of the unconscious hive mind, where everyone confirms each other's beliefs and moves in unison like sheep, it is a womb created for them by government for them to feel safe.

This is going off topic but no, God cannot be manipulated by man. The churches are godless, as most people are, but that is not due to the government.

Yes if it can bring prosperity to the world, no if the purpose is to bring prosperity to oneself.

You have to be capable of the latter before you can do the former. Everyone has to eat, and many have to provide for their family too.

For example creator of Litecoin doing a news interview about "the surging crypto market" when he actually sold all his Litecoin already.

That’s hilarious. Do you know why he sold? To avoid the same criticisms that you are leveling at him as being greedy and self-interested. He got rid of what he had so he could avoid any biased appearance and concentrate on just making his crypto the best that it could be. Personally I don’t think it matters and people will judge you no matter what.

For many of these crypto gurus, it's a quick path to an exit strategy/retirement plan. They don't care about YOU, man.

I’m not invested in the creators, I just want the technology that can replace fiat currency as money. I’m not the only one.

That's debatable wouldn't you agree.

Sure, I’m only stating my position on it. Writing code, developing something that must be secure, robust, and fast, among many other qualities, that takes a lot of work. Maybe it can be done as a hobby while you have another job to pay the bills, but personally, I can’t begrudge someone wanting the project to fund its own development so they can work on it full time, and even hire additional developers and pay them salaries.

Some cryptos supply is not fixed, and that is their main feature.

Yes and that kills their potential imo. We already have the dollar as an inflating digital currency, so why do we need another one? Seems like a blockchain would be pure overhead in comparison.

Don't you think the federal reserve is looking for a compromise? Wouldn't they want something like DOGE, where they can "print more money" when they need to? Elon made a joke about this, but he was kinda serious. The Fed's job is to manipulate the finances to keep things afloat and prevent huge shocks to the market. There is a new crypto out that also injects more (new) supply into the system every so often. Wouldn't the Fed want something like this? I think they would...and I also think they would want physical (printed) fiat with crypto codes on it, backed by a Fed coin. Not sure what they'll do.

They can already do that to some degree because the dollar is digital. They want much worse than Doge. They want what China is currently experimenting with, electronic currency that they can put a expiration date on to force you to spend it or lose it.

That’s why cryptocurrency is so important. We want a money that they cannot tamper with. I know you are skeptical, and that’s fine, but if it is possible to create a money that they cannot control, then shouldn’t that be pursued?

The gold standard is never coming back, especially given modern standards of convenience. The only way forward is a secure digital money that is not owned by any single entity. That’s what Bitcoin established and why it is so important.

People complain about its energy consumption, but if it allowed us to have a fixed money supply again? How is that not worth it? Fortunately technology is always improving and it looks like we won’t have to settle for a subpar solution.

Many digital “coins” have been pump and dump scams, that’s why you have to do your research to know what is real and what isn’t. I wouldn’t jump to the far extreme and say that any digital money is a scam though.

I can read through the Bitcoin whitepaper and know how it works. I can read the code to be certain it is implementing what the paper talks about. I can see that when a flaw or bug is discovered, developers work to patch it. So where is the scam?

If the founder took some of the original amount for himself, so what? If it is what it claims to be, then that does not make it less valuable as money. I mean come on man, you need to compare it to the dollar where we are getting raped by inflation and the elites are the first ones to see the money and spend it before some trickles down to us.

Compared to the huge scam that is the dollar, what you are describing is choir boy activity. Btw, I don’t even have crypto. I sold all mine to buy stuff and I’m undoubtedly going to miss all the huge gains people are making now. I don’t care.

To me it’s about developing an alternative to the crap system we have now. We’ll never be free as long as we rely on the Federal Reserve. Do you see people’s understanding of money improving or not over time? We can be perpetual slaves, or we can work on creating something better.