You have the pieces, but you're playing the game on their chessboard.
Best summary around.
As a short term get-rich-quick pump and dump scheme, it's great for people who play it smart. Unethical usury, but it works and people get rich, or make a few hundred us dollars and become a true believer overnight.
As a "replacement" for the banks? Get real people. Show me how to convert labor into bitcoin and back again, without using the banking system, and without leaving a neon paper trail permanently etched into the cybersphere, and I might take people more seriously.
Usually they end up trying to push some Max Headroom ideological "utopia" future where everyone in the world is using a single privacy coin and transferring them through usb drives without the man knowing, and somehow the world banks all just rolled over and went bankrupt when it happened. It's bullshit.
It's very very clear that the banks are going to roll out their own on a global scale and then every government in the world will crack down on non-official coins like hard drugs, and the whole system will crash overnight.
You need to do more reading. Some cryptos are scams or controlled opposition, some are not and are viciously attacked.
Best summary around.
As a short term get-rich-quick pump and dump scheme, it's great for people who play it smart. Unethical usury, but it works and people get rich, or make a few hundred us dollars and become a true believer overnight.
As a "replacement" for the banks? Get real people. Show me how to convert labor into bitcoin and back again, without using the banking system, and without leaving a neon paper trail permanently etched into the cybersphere, and I might take people more seriously.
Usually they end up trying to push some Max Headroom ideological "utopia" future where everyone in the world is using a single privacy coin and transferring them through usb drives without the man knowing, and somehow the world banks all just rolled over and went bankrupt when it happened. It's bullshit.
It's very very clear that the banks are going to roll out their own on a global scale and then every government in the world will crack down on non-official coins like hard drugs, and the whole system will crash overnight.
No it’s not a legit worry. Do you realize that if they can break the encryption that protects Bitcoin, they can break ANY encryption?
So goodbye online commerce, banking, etc. It’s never going to happen.