Adrenchrome shot behind the eye.
I trust no one. But I do trust in math. A mathematical protocol based on open source software can be trusted because anyone can inspect the coding and see if it is malicious or not.
You see, metals are cool and all , but at the end of the day they do not meet the fundamentals of a medium of exchange.
Cryptocurrency shows very interesting potential as a digital medium of exchange.
First , is that it is highly durable. There is no way to degrade it. (its just code) and the blockchain is backed up on tens of thousands of computers globally.
Second , is that it is highly portable. You can transact without an intermediary worldwide with notification within seconds, initial confirmation in 10 minutes and near irreversability in 1 hour.
Third , it is highly fungible. The Bitcoin protocol treats each unit and subunit equally.
Fourth , it is highly divisible. Each Bitcoin can be divided into 100 million units.
Fifth , it is highly resistant to counterfeiting . To date , nobody has proposed a solution to break the public / key cryptography underpinning Bitcoin.
He understands that this is the first time in human history where a deflationary , decentralized asset can be transferred globally without the need for a central bank or third party intermediary.
There are tens of thousands of nodes all over the world . If the entire electricity in the USA , Europe, and China went out there would still be a node somewhere that would continue to run the blockchain.
You are seriously misinformed on this subject.. no disrespect as there is alot of fake news on this as this new technology threatens trillion dollar empires.
Since 2010, inflation has turned $1 into 84 cents while $1 invested in Bitcoin would be worth $274,000.
This is the first time in human history where a deflationary peer to peer currency has been created with a finite number of units ... 21 million. Every fiat currency system throughout history has put a hidden tax on its currency called inflation, that robs the value of it 2-3% / yr.
They print more and more (more dollars chasing fewer goods) and leads to the pricing of everything to go up as well , and typically as we have seen the salaries don't keep up with this.
Satoshi Nakamato (the creator of bitcoin) has already been taken out I believe. Please read his whitepaper to gain a further understanding of how the system works . It is not that long and is suprisingly easy to read .
I also believe that the bitcoin core developers group has already been infiltrated (AXA equitable 100 million infusion) and this would explain how they have continued to limit the blocksize to 1MB to prevent it from becoming a medium of exchange as that is their biggest fear. They have intentionally done this to cripple it (by only limiting a certain amount of transactions per second to try to keep it as a store of value and have increased the fees on it.
I prefer the ethereum chain or Bitcoin cash as it is faster and cheaper to transact on.
Sorry , but you are wrong about crypto . It is our way out of a centralized control monetary system that are privately owned . This is the first time in human history where a decentralized asset with a limited supply can be transferred globally without the need of a bank or a third party intermediary .