[I want the USA back]

Maybe because it’s not currency. Only governments have the right to issue currency. It’s not money — it’s hope and imagination.

[BipolarBob]

I’ve broke three teeth trying to make my own bit coin. Never again.

[SaxxonWoods]

Chat Gpt:

The cost of producing Bitcoin has been rising significantly, with estimates currently around $49,500. This increase is attributed to rising mining difficulty and energy costs, leading to a decline in profitability for individual miners.
-The Coin Republic

As for control, Bitcoin operates on a decentralized model, meaning it is not controlled by any single entity. The identity of Satoshi Nakamoto, the creator of Bitcoin, remains unknown, and the current ownership of Bitcoin is not straightforward.
-Glassnode

Regarding the ability to lower or raise costs, the cost of electricity and mining hardware is a primary factor. Changes in electricity prices can significantly impact mining costs, and companies are focusing on efficiency to manage these costs effectively.
-Cointelegraph

In summary, while the cost of producing Bitcoin is rising, the decentralized nature of the network allows for some flexibility in control and management of production costs.

[V_TWIN]

The Rise and Rise of Bitcoin
2014 ‧ Documentary/Drama

I watched this a awhile back and would recommend anyone do the same.

While it was intended to sing the praises of crypto it actually made a great case for why it’s a bad concept.....at least to me anyway.

At the very end it admits the whole thing was thought.up by some Japanese dude and nobody knows who or where he is.

Yeah, THAT’S what I want to stake my financial future on. 👌

None for me thanks. 👎

[TnTnTn]

I am ignorant about crypto but it seems to me you can have a million dollars in your phone AS LONG AS you have power and internet access and your merchant accepts this nebulous currency…fiat currency is not much better admittedly…tangible assets that you can hold in your hand seem like the safest…but they have to be protected…🤷🏼‍♂️

[fr_freak]

Maybe because it’s not currency. Only governments have the right to issue currency.

I don't think that's true, especially since the federal reserve is a private bank, not government. No reason other banks couldn't (and have in history) issue their own currency, as long as it is backed by something, real gold in the vault, for example.