re: #85 KGxvi

Bitcoin is a lot like gold bars to me. It has value because a lot of people believe it has value. Which in fairness is the way money works generally. But the fact that Bitcoin and crypto generally isn’t backed by governments and has no practical use/value the way precious metals do, makes it seem like a pretty dumb idea

It’s a very dumb idea. Libertarian nerds decided to bypass government money using technology. This only works until governments ban and crack down on it.

You can only bypass the policies of your government with technology on a temporary basis. A lot of mining is in China, and the value is propped up by Chinese citizens, so when China bans cryptocurrencies that they don’t control, the party is over. The Party will have ended the party.