Cryptofaggots
(media.scored.co)
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My crypto investments are doing amazing.
The stock market is a scam. Completely over-valued, and propped up with invisible central bank buying.
First off, congrats, because you made money and that's all that matters.
But has crypto seen widespread adoption to support its massive rise in price?
If not, then it's just a speculative bubble.
I think Crypto will serve some purpose, primarily in the black market and from people who use it based on principle (a fraction of a small minority) but, after 20 years or so, it shows no signs of ever living up to its goal of replacing central bank notes or even being used as a payment method for ecommerce transactions.
21 million bitcoins.
You missed BTCs most fundamental values: you can't cheat. You can't print more. you can't stop it.
your fiat currency: why the fuck would you defend the ponzi inflation scheme that is the fed?
But has it lived up to its goals?
Has Bitcoin replaced fiat currency?
Does it look like Bitcoin is going to replace fiat currency in the future?
Is it even a popular choice in payment processing?
Surpassed its goals i would say.. (Exchange capabilities are going to require a hard fork, btc needs to be able to process far more transactions per second. Foundation is already working on this).
Has it replaced fiat currency: 1 country so far.
Bitcoin or another stable monetary coin wlll ALMOST CERTAINLY replace printable fiat in the future. In fact, as long as bitcoin grows it IS replacing fiat.
electronic payments use cash. switching that to bitcoin is trivial.
There's no reason not to have both btw. But as you watch your fiat become devalued year after year while demand for widely used, secure, multinational cryptocurrency grows (because of it's inability to be printed on demand), you'll find cash only sticking around for tangible exchanges.
And when any printed fiats eventually fail and crash, as they inevitably do, BTC is your hedge. BTC will gobble up some currencies, and others will piggy back on BTC to survive.
We print money without backing. How long do/did you expect that to last? In every respect, BTC is better than USD.