Good way to take the pressure off the commodity markets and precious metals.
I understand it, but then again, do not.
Will not invest in it.
The governments of the world could very well decide to short circuit the challenge to governmental currency.
I still think TPTB are allowing this to see how it develops and how it can be used and controlled.
If you’re going to postulate about TPTSB shutting down Bitcoin (the only crypto that matters) you should flesh out exactly how they might do it.
Bitcoin is its network, and the network is global and growing by the second. You can’t block me from Bitcoin unless you can block me from the Internet. The Internet is probably the most robust and survivable mechanism possible with current technology. As long as there are a handful of working nodes, there is an Internet. Same is true of Bitcoin.
Tell me I won’t be able to convert Bitcoin to dollars. So I can tell you that’s the last thing I want to do, to trade the money of the future for paper trash.
You’d have a better chance of eradicating roaches to extinction than you would Bitcoin. The only way I see is for the whole world to go dark and stay dark. Instant return to the 19th century, that would do it.