First of all, BITCOIN IS NOT MADE TO REPLACE MONEY.
It has a set number of created or 'minted' coin, 21million. That immediately tells you that there will never be enough Bitcoin to ever be used as a transaction coin.
Not only is it they're not enough to use it as a transaction coin, but it wasn't designed as a transaction coin, therefore it has extremely high rates to send the coin.
Ergo, an ASSET coin.
There are cryptocurrencies however that are specifically designed to be transaction coins. No one cryptocurrency though could ever hope to replace fiat cash, because the value of having physical over digital is never going to be outweighed. The only value in a cryptocurrency they're truly is the value the users give it, in the value in which the encryption and the limited supply of the coin provide.
If you think of them more as specialized game currencies, and they are only used within a platform, but it can be used like real money.
Now we do know criminals are using this TRANSPARENT LEDGER, AND NO AMOUNT OF FUNDS SHUFFLING CAN HIDE THAT YOU ARE MOVING MONEY. THEY WILL BE CAUGHT INEVITABLY, THERE IS NO WAY ATOUND THAT. Cryptos that are made to hide the ledger, I know less about, but since all transactions have to exist in some sort of network where everything is being recorded, no bit of information is ever technically inaccessible.
Banks made Ripple. Bitcoins' creator is anon, and has never surfaced. Anyone could try to take that claim to fame, but there is evidence and records in forums about the creator, and conversations with the creator about its purpose which is to show that money could be decentralized.
Right now, miners all over the world have been COMPETING with CHINA to make sure they never gain 51% of the network! THEY COULD THEN CHANGE BITCOIN HOW EVER WAY THEY WANT!
Bitcoin is an open source project that can only have changes made when people agree on them! If you want to voice a change, you presented to the community, and it's up to the community to transfer over to that, if you fail to have 51% of the community follow after, that means you create a fork of the coin instead and it's value could be nothing.
I will do the best to answer questions, but I spent my time search Bitcon and cryptos in 2017, so I could be a smidge out of date with other replies, but what I say in this particular post is the core of most crypto and Bitcoin discussion in the crypto communities.
Crypto fucks be like "Gold and silver are only valuable because you give it value! Same applies to cryptocurrency!!!"
Jack Dorsey certainly agrees.
https://www.cnbc.com/2021/06/04/twitter-and-square-ceo-jack-dorsey-focused-on-bitcoin-btc.html
In other words - Twitter is competing with the dollar using Bitcoin. THEY WANT TO REPLACE THE DOLLAR AS A FORM OF ONLINE TRANSACTION, THEREFORE REPLACING THE DOLLAR. PERIOD.
What's the best way to get a population invested in a product they can't even hold, to the point of religious devotion? What do you think the GPU "Mining rig" craze was all about? Since Crypto$hill "qstrategy" wanted to hit me for mentioning this old mining method that normies got into this craze with (and still use) - let's remind everybody that SALESMEN don't get to reverse history NOR replace FACT with their piss peddle terminology in order to attempt discredit and distraction -
https://beincrypto.com/learn/free-bitcoin-mining-in-2021/
https://paybis.com/blog/best-gpu-for-mining/
https://www.windowscentral.com/best-gpus-crypto-mining
https://cryptominertips.com/can-you-mine-bitcoin-with-one-gpu/
There is nothing worse than a LARP that exploits this movement as a target to sell his "investment" schemes. Go fuck yourself, "qstrategy," shill your bitcoin bullshit on Reddit.
A fucking top-wealth tech company could've done that without outside help from idiots running up their electric bills - yet it's a crowd-source method to generate interest from people looking for more income. So have fun paying your fucking miner fees, cryptofaggots, fund your own trap.
Cryptocurrency is the means through which Corporations - who use crowdsourced retards to boost the value of their coins beyond what they themselves invest (https://bitcoinmagazine.com/culture/the-jack-dorsey-bitcoin-interview and https://eng.ambcrypto.com/jack-dorseys-square-buys-50-million-worth-of-bitcoin/) to enable control over their own 'alternative currency,' by which they can fund under-the-table projects and hack/scam what they need through the numerous proxies that infest this disgusting marketplace.
Why was the FBI able to seize ANYTHING? "Faulty password storage." Did you know the FBI is one of the biggest shareholders in Bitcoin? https://www.pcmag.com/news/feds-seize-1-billion-in-bitcoin-tied-to-dark-web-marketplace-silk-road
That's not even the first time either - https://www.forbes.com/sites/andygreenberg/2013/10/25/fbi-says-its-seized-20-million-in-bitcoins-from-ross-ulbricht-alleged-owner-of-silk-road/?sh=3bc4920c2765
Seeing how hard this bullshit scam is marketed, especially in places like this, where we're pretty much FOCUSED on what Donald J. Trump says, is a red flag when Donald J. Trump is coming out against cryptocurrency. These people are infiltrators and salesmen - they should be treated as any other PAYTRIOT is treated - bend them over your knee and beat their ass purple.
Donald J. Trump has very specific thoughts on Bitcoin - https://www.youtube.com/watch?v=7k6z-W1KTOs&t=4s
Further?
When is our President wrong? But Crypto is good, right?
Buying into this crypto bullshit is a great way to boost the Net Worth of the corporations that facilitate the sell-out and betrayal of our country, the sexual trafficking of the world's women and children, and proxy cyber attacks that occur CONSISTENTLY against our nation's infrastructure to further their portfolio, and by extension, power; https://www.forbes.com/sites/jasonbrett/2021/06/07/us-recovers-millions-in-bitcoin-paid-during-the-colonial-pipeline-attack/
Beware the Cryptophiles.
Way more in the loop than me. And I agree it's wrong to replace the dollar. Fuck that.
Deepstate realized it could be used for evil. And fuck that entirely.
I am VERY fucking proud of you. Too many are so entrenched in Bitcoin and crypto in general, that the only option left is drilling information like this to wake... them... up.
Could you give us your opinion on when decentralization may be useful?
Threats of violence and FOMO notwithstanding how exactly can trust in a central 'authority' be cultivated and maintained?
Why do you trust some private corporations (Federal Reserve) and not others (tech giants)?
Decentralize is suppose to mean the power is out of the hands of the few....and in the hands of all? It is almost like a form of democracy? (I question myself because this is speaking without observing a literal definition)
Because the dollar can’t be used for evil right ??
Cryptophile here. You carry on letting inflation take your worth away and relying on centralised banking systems while we prepare the future.