Crypto-currency is for money laundering and illegal transactions. When the public moved in to use it for burgers and the federal government found ways to account for it, it became pointless.
Looking for the next crypto-crypto-currency that really is beyond the reach of government and Anti-Christ. (Illegal does not necessarily mean bad. But good can only flourish where bad does as well. see Mat. 13:24-30)
No problemo, just hoping for spare change
I am not going to start the whole “Bitcoin-What is it good for?” thing.
But when you write that it is just for drug dealers and money launderers you would like an old guy who recalls a news story from four years ago, and you recall it wrong.
And when you transfer money online from one account to another....that is done as a crypto currency. Do you think the Fed keeps paper money accounts with their banks?
You really should not make comments that are so inaccurate.
If governments or central bankers or corporate executives can compel Bitcoin to use a transaction system that is transparent and can be traced, what motive would most people then have to switch from a national currency to Bitcoin?
The basic attraction of Bitcoin is that it is untraceable electronic cash.
Today, no one can claim that the “value” of a Bitcoin is more stable than the major currencies.
Today, no one can claim that the “value” of a Bitcoin can be more accurately discovered than the “value” of a national currency.
I mean, Bitcoin dropped 18% over the weekend.
Can anyone seriously make the argument that means the US Dollar gained 18% in “value” over the weekend?
Bottom Line:
If you take away Bitcoin’s transaction secrecy, why would anyone bother to own it or use it?