>And if somebody steals your coin, you can go through courts and banks to get it back. Dubious. I've had the police tell me or others I know something to the e

>And if somebody steals your coin, you can go through courts and banks to get it back. Dubious. I've had the police tell me or others I know something to the effect of 'let us know if you find anything out, we will never catch them' half a dozen times across both coasts. Teams of investigators on your case for long periods of time is a privilege generally reserved for the rich (or the big cases if you're more generous than I). If you have a good enough case to get a refund through the courts they will order a refund of crypto just the same as with USD, a PlayStation, or a stolen motorcycle. >You can pay taxes with it. This it a truism. The state that issues a currency lets you pay taxes with it? I Don't think that's slipping by anyone talking about bitcoin. >It is backed by a strong authority It is backed by the trustworthiness of the US government and financial system, which is debatable at best. >is used as the reserve currency/economic driver of the world's countries. Is now doesn't mean it will continue to be. The US continues to print money and sell off gold reserves in staggering numbers. Maybe it will work out, but I'm not holding out hope. China is buying gold in huge numbers, and look to be positioning themselves to be the new reserve currency. I've also read some compelling arguments that the USD as a reserve currency is propped up by US militarism and geopolitical games with oil pricing but I haven't done enough research to come to that conclusion myself. >It is stable and does not suffer price volatility. Discussed ad nauseum. Change from buying a sandwich with bitcoin a few years ago can buy a nice used car now, while the value of the dollar has dropped for decades. Short term volatility averages out pretty well into the long term trend, especially against a currency that is trending in the opposite direction. If volatility is an issue, dollar cost averaging is a simple and effective way to mitigate it. >Fortunes do not get lost if they are in cash at the bank. This happens regularly throughout history though. You also assume that they are "in the bank". As of March the Fed lowered reserve requirements to zero.[1] We are only a decade into cryptocurrency, the technology is still moving very fast. With things like hardware wallets, M of N keys, and social recovery wallets it's getting harder and harder to lose it all. It's programmable, you could write something cool to help prevent it like time-locked or time-unlocked transactions? >There's been an uptick of crypto fanboys coming to this forum lately. Your account is only a month old. Presumably you've been lurking for a long time. Maybe you should give the same benefit of the doubt to others? Lots of old hands don't talk about it from their primary accounts because the fun money they put in it years ago is worth millions. >if you try to pollute our space This entire paragraph is polluting HN. 1: https://www.federalreserve.gov/monetarypolicy/reservereq.htm https://www.federalreserve.gov/monetarypolicy/reservereq.htm