My mind cannot grasp how bitcoin is much else. I've come to think of it as more of a virtual bartering system with some very smart people upfront making up something, the rules for acquiring their made-up stuff, and getting lots of people to fall in line and barter with their "currency".
It's a real assault on the almost as fake global banking system and Federal Reserve. Governments and the elite hate it because they don't control it and can't tax it. Drug dealers and other slime like it because the gov cant follow it.
Simple-minded folks like me wonder how long something that is nothing can last.
The government can follow it, with some difficulty. The government can also regulate the heck out the exchanges that trade bitcoin into government currency on the outside of the bitcoin ecosystem. If it were possible to eat bitcoin then the government would not be able to track it. But as soon as a farmer takes bitcoin and hands over some corn, the government can go to that farmer and demand the Know Your Customer records. That farmer can be thrown in jail.
So the tracking relies on the usual strong arm tactics but it can be done.
My mind cannot grasp how bitcoin is much else. I’ve come to think of it as more of a virtual bartering system with some very smart people upfront making up something, the rules for acquiring their made-up stuff, and getting lots of people to fall in line and barter with their “currency”.
Wealth is a difference issue. Wealth is stored for the future or used to create more wealth.
America is spending their wealth like a drunken sailor.