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You put your trust in governments to not mess with the currency. That's on you. When shit hits the fan people buy gold, it's no different with crypto. People do

You put your trust in governments to not mess with the currency. That's on you. When shit hits the fan people buy gold, it's no different with crypto. People don't trust the government to manage currency correctly in times of trouble. But even in good times, crypto has a lot going for it. Transactions are very fast and very low compared to traditional currency. Often it takes days to move money between banks, or will cost you much more than a bitcoin transaction fee to move faster. Again, bitcoin could have 100x the users and the power requirements would be negligible compared to banking. There is no 'scale up' power wise needed for bitcoin.

s73v3r_ 8y ago
"You put your trust in governments to not mess with the currency. That's on you. When shit hits the fan people buy gold, it's no different with crypto. People don't trust the government to manage currency correctly in times of trouble. But even in good times, crypto has a lot going for it." Some people, not all people. And that's why I said that it unsure whether that's an actual value or not. "Transactions are very fast and very low compared to traditional currency. Often it takes days to move money between banks, or will cost you much more than a bitcoin transaction fee to move faster." No, not really. Credit card transactions are far, far faster than a Bitcoin one. Bank transfers in Europe are quite fast, too. "Again, bitcoin could have 100x the users and the power requirements would be negligible compared to banking. There is no 'scale up' power wise needed for bitcoin." You're gonna have to provide a citation for this.