> "It's nice that there is no regulation, but in the case of both fiat currency and stock, it is the regulation that gives it value, because they are backed by

> "It's nice that there is no regulation, but in the case of both fiat currency and stock, it is the regulation that gives it value, because they are backed by a system of laws and an army to protect those laws." Sure, but ultimately the value is not for you or me or the government to decide necessarily - it is a collective decision by the market. If the market eventually comes to a consesus that this whole idea of large scale government is a failed concept and that it only results in monopolies, wars, and extreme inequalities - then people can choose to abandon that system in favor of something they might prefer and see a brigther future for; something that is decentralized without any central authority perhaps. Personally, I would rather invest in companies that don't have to pay enormous legal fees and jump through umpteen regulations designed to benefit a failed system - I'd rather my capital flow away from violent 'armies' as you say and directly into the hands of those implementing new ideas on the front-line of innovation. Just so happens I can do just that, just send me your BTC address. And if you'd like to give me a return, you need only a BTC address of mine - there we just transacted a stock using no more than two Bitcoin addresses. See the power here? If even not for philosophical reasons, people are going to choose this method for trading securities (or whatever you want to call them) because it is easier. You can't reverse that; the cat is already out of the bag so to speak. > "With a crypto coin, if the masses just decide that it isn't worth anything anymore, then it just isn't worth anything anymore. It has no backing in reality as far as I can tell." That is a natural course of any failed business. Try not to invest in the ones that you feel people may one day decide isn't worth anything anymore and you'll be fine. We don't need the government to hand-hold us in our day to day lives; certainly not in what we eat, consume, read, or invest (or not invest) in.