Cryptocurrency Is Not Necessarily the Future

Cryptocurrency Is Not Necessarily the Future

From bnnbloomberg.ca

As Bitcoin soared to above $28,000 over the weekend, talk resumed about the promising and dramatic future of cryptocurrency. The chief global strategist of Morgan Stanley Investment Management even suggested that Bitcoin could replace the dollar as a global reserve currency. Cryptocurrency serves some useful purposes. But there are some pretty wild speculations going around. One of the more fundamental problems is that crypto assets can be either useful hedges, or useful forms of payment — but not easily both. There is a demand for a non-intermediated, direct payment asset, and crypto can serve that function. That ... (full story)

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Dec 29, 2020 4:29am

Crypto can't scale ...how can it be the future ?

Crypto is a wild volatile speculative class of assets ...how can it be the future ?

Crypto is not legal tender ....how can it be the future ?

You get paid in crypto ? Ok, you need to exchange it to fiat to keep your citizenship

You don't pay tax on income, business ? The government will stop underground crypto economy by ruling out the crypto trash if this type of subversive action goes too far ... simple as that!

So where the fk do you think you're going with this crypto bullshit, you hysterical crypto maximalist ???