Officially it’s big draw at least at the start was that it was anonymous and decentralized. IE any tard with the appropriate equipment and knowledge could mine and mint Bitcoin. In theory it has a cap. When the energy and compute needed to mine and mint it. Will far exceed anything humans would be able to produce.

So anyone could mine it. And there’s only ever going to be in practice a finite amount in circulation. Unlike a CBDC which would be tied to endless amounts of fiat. And provided you take appropriate measures such as a physical Wallet it can be next to impossible for anyone, such as a bad actor or government to seize your Crypto at least via cybercrime/account freezes.

Now that it’s been a few years. We’ve found out. That it isn’t anywhere near as impossible to track or anonymous as first theorized and advertised. Still far more difficult than conventional banking. But far from impossible given the time. Which is how the Feds built a stockpile of it to start with.

It could have utility in finance. Personally I’m not a major fan. But that’s probably more my inner cynicism and crotchety old man, making it harder for me to personally understand it, than any thing directly related to a problem with crypto.

I’ll just leave figuring it out to the people who have an easy time understanding crypto. Making an overnight fortune off it would be cool. But I’m content with where I am and the money I have at the moment.

Officially it’s big draw at least at the start was that it was anonymous and decentralized. IE any tard with the appropriate equipment and knowledge could mine and mint Bitcoin. In theory it has a cap. When the energy and compute needed to mine and mint it. Will far exceed anything humans would be able to produce.

So anyone could mine it. And there’s only ever going to be in practice a finite amount in circulation. Unlike a CBDC which would be tied to endless amounts of fiat. And provided you take appropriate measures such as a physical Wallet it can be next to impossible for anyone, such as a bad actor or government to seize your Crypto.

Now that it’s been a few years. We’ve found out. That it isn’t anywhere near as impossible to track or anonymous as first theorized and advertised. Still far more difficult than conventional banking. But far from impossible given the time. Which is how the Feds built a stockpile of it to start with.

It could have utility in finance. Personally I’m not a major fan. But that’s probably more my inner cynicism and crotchety old man, making it harder for me to personally understand it, than any thing directly related to a problem with crypto.

I’ll just leave figuring it out to the people who have an easy time understanding crypto. Making an overnight fortune off it would be cool. But I’m content with where I am and the money I have at the moment.