[Gunslingr3]

I have zero investments in any crypto, but you could say the same thing about paper ‘currency’, or reserve notes, or whatever the hell they are. There is no value in them aside from what people believe or ascribe to them. Same with crypto ‘currencies’. Maybe when there was a gold standard, at least money was backed by something with value.

The author of the article is uneducated on the tenets of money, or seeking to mislead their audience. I will speak of bitcoin specifically, not cryptocurrency in general because they are not necessarily the same thing and some writers seek to play on that confusion. Bitcoin serves as a medium of exchange, for the same reasons that US dollars can and do. The advantage bitcoin has over a fiat currency like US dollars is that the government cannot seize your balance in bitcoin, or prevent you from transferring that balance to someone else. The government also cannot abrogate for itself the purchasing power of anyone’s bitcoin by ‘printing’ some extra bitcoin for itself. The block chain secures bitcoin against the inflation tactic preferred by the elite to fleece the public. This is why they hate bitcoin.

Notice the author says cryptocurrency is only useful to terrorists, and then remember what they call their political opponents.

[who_would_fardels_bear]

With Bitcoin it is not the government that can steal your money but those with the financial wherewithal to run the massive mining operations or those with the largest stakes, i.e. those who got in at the top of the pyramid.

[catnipman]

“The advantage bitcoin has over a fiat currency like US dollars is that the government cannot seize your balance in bitcoin”

ROTFLOL!

they just did that in Canada a few months ago in a wholesale fashion ... and US government seizes billions in stolen crypto over and over again ...

https://www.google.com/search?q=us+governmnet+seizes+crypto

crypto seizure is particularly easy since ALL crypto transactions are publicly transparent ...