Is it any dumber than investing in stonks?
There are a lot of things getting built right now that will make it a lot easier for regular people to use
Idiot proof money is physical coins. If some crypto can be made to work like that, its the future.
Not being able to falsify one of those coins would be a great achievent. Also being able to sign transactions by legal owner of them, by history of changing hands, also not able to be falsified.
The proof would be the coin itself.
Sounds like magic, but future technology description can sound like magic.
The firms investing in crypto on behalf of others may fail yes. But BTC on it’s own can never really fail, it’s value may drop and rise so there will always be a large community purchasing it with a plan to sell at the highest price in the future.
We dont know how future will look, and what you described is essentially gambling, which can be prohibited.
Many things in future may not exist. There will be no need for them or something else will replace them.
You may think about future in a limit of your lifespan, but others think in limits of their lifespans, eventually someone, or something will think in limits of centuries or eons.
How will the Eternal Order of Neurons look?
Yes it can, as soon as the cost of mining exceeds the benefit acquired by mining.
It’s like those NFTs, as soon as it’s not worth, people won’t bother with it.
The end of BTC is written in itself, as the cost of mining one BTC shall increase, so unless there is an infinity of people willing to invest in it, with an infinity of energy to do it, there will necessarily be a time where it’s not valuable for anyone. This can happen in a very long time, or this can happen right now. All we know is, it will happen.
And since the benefits of the ones are solely the investment of the others, which is the definition of a ponzi by the way, then it must have an end, which also is what always happen with ponzi.
So when we reach that moment, that is when the people who work to make other invest are actually losing money in the process, then we reach the krach, as always in a ponzi.
Shiba Inu for the win!
The only way for BTC to fail is if every BTC miner switched off, You’ll have to accept there are groups in the world who can carry on mining BTC and maybe generate their own energy to power the operation. The fact is there will always be a need for a secure and private digital currency and all retailers know this,
As I mentioned many times in this thread, anyone can purchase £100 worth of BTC and use it
for a private transaction. As long as there are people living there will always be a demand for all types of security so BTC with it’s secure nature will always be in demand.
Also if it can process transactions cheaper (since everyone is looking for a cheaper way to do everything anyway) BTC and other crypto coins then become viable options.
People in general have a strange way of thinking, We are fine with a coin/money owned and regulated by the government/banks but a coin created by the people for the people is quickly labelled a ponzi scheme and scam.
Also we can see it like this; if BTC mining slows down badly then the supply of BTC will drop… If the supply of BTC drops and then there is a sudden demand for BTC crypto exchanges may not be able to cope with the demand and run out of BTC, this will force a higher BTC value which may prompt people who are hoarding their BTC to sell.
That would require an infinite source of energy. There is none.
So it’s not a fact you call as such, but a delusion.
Those groups would lose their money in the process, and that loss would increase, to a point it won’t be doable.
You got it just right now : regulated.
Money serves a purpose, and it needs stability. Which the BTC does not have, exactly for the reason it’s not regulated.
It therefore can’t be used as a money.
Are you sure? Look around you.
And you’re happy with the way money is currently “regulated”?
I’m in the UK, and I live in a flat that only uses electric, right now it will cost me £1 per hour to heat 1 room with a standard electric oil heater. The cost of gas at the moment is affecting monetary systems badly, so if you want to say “regulating” is based on if a world leader wants to go to war or not then go ahead. Can you not see the way currencies around the world are being regulated at present may leave people to either freeze or starve?
There’s more, in the UK food has gone up by more than a 3rd, people who have mortgages now have to find an extra £500 per month due to tax cuts by the previous prime minister who recently resigned.
Just the other day they announced they want more tax money on top of all of what I just mentioned. It seems to me the UK is trying to pretend it has a good financial standing when it does not.
I think the people could do a much better job managing currencies than the current banks/government.
Nah. Bet it ALL on Floki Inu.
Nothing is infinite. If you see an infinite source of energy, then you are dreaming.
What do you even mean ? The cost of something is affected by the monetary regulations, not the opposite.
I think you have no idea what regulation is.
Non sequitur.
Can you not see that using BTC you just would be dead already as the prices fluctuate ?
That losing 50% of your income over the night prevents you from doing any investment ?
I think you have no idea what money regulation is.
Read my point again. I said monetary system, and yes the high price of a much needed resource can affect a monetary system as borrowing too much can decrease the value of a currency.
You have no idea what you speak of.
Hold on, so you’re saying monetary regulation doesn’t change in times of War, Pandemic, economic failure? I think you need to read or watch the news more…
I googled “monetary regulation”;
“Monetary policy is enacted by a central bank to sustain a level economy and keep unemployment low, protect the value of the currency, and maintain economic growth. By manipulating interest rates or reserve requirements, or through open market operations, a central bank affects borrowing, spending, and savings rates.”
So yes, if a world leader who supplies most of the worlds gas decides to quadruple the price of gas and cut the supply by 4/5th’s some money policies and regulations have to change in order to account for this.
With the gas price increasing not only will money have to be found to meet the extra cost, more money will need to be found to procure alternatives, there would need to be policies and regulations in place to support this as it would be illogical to continue depending on untrustworthy suppliers of much needed resource.
Many people are still not clear on what BTC is, most still think it’s only an investment and for that reason most people will sell it in times of hardship which makes the price fluctuate. It is not only an investment it is also a currency which is legal tender in many places.
The Sun is an infinite source of energy, in a few seconds the sun generates more energy than all the people who have ever lived. Just because we don’t know how to harness that power properly that does not negate the fact it is an infinite energy source.
The clown of finance. Imagine someone posting his childish presentations as some new economical system. 
Look at that chart! Nowhere to go but up!!
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Except in Türkiye. All exchange company bosses run away to other countries with their investors’ cryptos and cash. It has become a tradition now. If you are buying crypto, it is simple: don’t use a intermediary. Buy and sell directly. 
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'ere we go: Yazz - The Only Way Is Up - YouTube
I hereby declare this song to be the official BTC song.
Unbreakable bottoms and 100k BTC multiple times already. Somehow the dreams dont become reality only by wishful thinking, and what people have beside that? Exchanges that are camouflaged pyramid schemes.
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