Post by SouthernYokel on May 13, 2021 14:15:34 GMT -5
It's a fucking roller coaster though.
It sort of makes sense in a macro view...it's provably scarce, it's electronic so it fits the future economy of payment, and it is not bound to a government so you can use it anywhere globally. But the speculation keeps it from any actual monetary use, values for most of them are way too high to use in a regular transaction (like trying to use a gold bar to buy a coffee), so the only practical uses for it now are money laundering and speculation. Idk if that can ever change with the existing cryptocurrencies, I think another new one will have to be made and geared to practical use.
