why are you conflating all cryptocurrencies and bitcoin? the value in crypto isn’t it’s value in fiat, it’s in the MATH and the ENCRYPTION that prevents typical fed type alchemy. yeah it is not invulnerable but the logic you apply to crypto as why it’s unsure could easily be applied to almost anything. you’re relating all crypto to bitcoin and it’s current conception. it’s just not the case. i’ll say this again, the worth in crypto is not it’s worth when traded into fiat, it’s in the fact that it’s value is determined mathematically and can’t just be changed on a whim. the value in fiat can be jerked around with ease, the math it’s based on can’t. people have used all types of objects to exchange value. heard of a tally stick? crypto and all the buzzwords and the news and hype really fuck up and obfuscate the beauty and simplicity of what crypto CAN be, which is transacting without the need for trust. if you’re talking about 51/50 attacks, hypothetical internet shutdowns, biometric requirements to use the internet, sha256 being broken, ok, then that’s more of a conversation. talking about it with respect to the value of fiat (which has no value) really doesn’t have bearing on the concept of cryptocurrency and encryption.
why are you conflating all cryptocurrencies and bitcoin? the value in crypto isn’t it’s value in fiat, it’s in the MATH and the ENCRYPTION that prevents typical fed type alchemy. yeah it is not invulnerable but the logic you apply to crypto as why it’s unsure could easily be applied to almost anything. you’re relating all crypto to bitcoin and it’s current conception. it’s just not the case. i’ll say this again, the worth in crypto is not it’s worth when traded into fiat, it’s in the fact that it’s value is determined mathematically and can’t just be changed on a whim. the value in fiat can be jerked around with ease, that has absolutely nothing to do with it’s worth. if you’re talking about 51/50 attacks, hypothetical internet shutdowns, biometric requirements to use the internet, sha256 being broken, ok, then that’s more of a conversation. talking about it with respect to the value of fiat (which has no value) really doesn’t have bearing on the concept of cryptocurrency and encryption.