You really are pretty unbelievable.

So rhetorically posing a question isn’t posing the question? You really should be a politician, apparently, you have a knack for it.

“Why would they back a currency that would compete with their own?”

LOL you are an artful master. I cannot believe you managed yet another post where you only complain about a flawed analogy.

Thanks for repeating yourself, again, without acknowledging or discussing the point of the analogy in any way. I’m super duper happy for you that you feel you have a strong understanding of stock markets. I’m very sorry that you can’t apply that knowledge to other arenas that don’t line up in a perfect 1 to 1 analogy,…

Ehh, in the world we live in today, an anonymous currency is pretty unique. There’s a reason that all nefarious activity asks for payment in Bitcoin. Major international corporations have started stockpiling certain amounts of Bitcoin as a response to ransomware attacks, for example. This is new. Obviously not as…

Yes, that is correct.

Who’s backing it? The entire global network of mining - that’s precisely what a decentralized currency is. Lets say, for argument, the US government collapses and has problems the same way Venezuela did. They could choose financial policies that lead to hyperinflation and the devaluation of all your assets, all…

An “instrument used by a small set of, for lack of a better word, geeks. It’s too inconvenient and the concept is too complicated for the majority”.

What you are saying is true for the short foreseeable future, but you are making a hell of a lot of assumptions. 25 or 50 years from now, when paper currency in any physical form is a thing of the past, why would a decentralized currency like Bitcoin be poor as a currency? By that time, there’s a good chance that the…

Um, you can actually have a printed paper physical certificate made of your Bitcoin with its unique key ID, and that actually removes it from all digital exchanges until you decide to sell it or do something with it. So, sorry, you actually can physically touch your Bitcoin.

Ehh, not so much.

The article last week about hardware wallets was about a guy who made irresponsible choice after irresponsible choice. He left his hardware wallet on his kid’s pillow or something with a handwritten note that had the key on it. You literally could not be any less responsible with your investments. That was, in no way…

I don’t think you know what your own point is.

Wow, more of the nit-picking. . . missing the forest for the trees . . .

So you’re one of those people who picks apart any analogy that isn’t a perfect 1:1 ? I bet people LOVE communicating with you.

I don’t think you understood this article at all.

You realize this (“imaginary”) is the case with all currencies in all of history, right? That’s one of the first things they teach you in Economics theory classes: that something can be real and tangible simply because everyone believes in it. If they all stop believing in it, it’s value goes away (meaning its no…

well if you acutally know anything about cryptocurrencies, you’d know that you don’t have to keep them in a digital wallet. You can have them put on a hardware wallet, like your own personal flash drive or hard drive. Or you can even have printed copies of the coin key. These are totally secure, but they can be lost…

IMMEDIATELY purge the concept of “Aerobat”, because that sounds acrobatic.