I don't trust crypto-currency of any sort. it makes no sense to me. Like the author above, I recall when it first made it's appearance - how it was supposed to be the answer to everything and promote "freedom". It didn't make any sense then, and it doesn't make any sense now. It was supposed to parallel government-issued currencies, but be more secure (!) and ensure privacy (!), not be traceable (!) etc.
But worst of all, no one could explain how it had any "value" at all, what gave it "value".
Flash forward 20 years or so, and nothing has changed. they still make the same claims about it - all the while watching governments snatch it away from people - and still no one can explain what gives it any "value" at all.
We might as well just cut newspapers into strips and then call those strips "currency". We could use bottle caps for "coins".
If Iran was dumb enough to put their funds into "crypto" baskets for the use of their terrorist proxies, then it SHOULD be stolen, just to show them how damned stupid they were to trust such an ethereal scheme.
The thieves could roll the "crypto coins" across the floor to amuse their cats... except that crypto is not even that real! Nothing to roll across the floor!
The cats will be disappointed.
.
But worst of all, no one could explain how it had any "value" at all, what gave it "value".
Flash forward 20 years or so, and nothing has changed. they still make the same claims about it - all the while watching governments snatch it away from people - and still no one can explain what gives it any "value" at all.
We might as well just cut newspapers into strips and then call those strips "currency". We could use bottle caps for "coins".
If Iran was dumb enough to put their funds into "crypto" baskets for the use of their terrorist proxies, then it SHOULD be stolen, just to show them how damned stupid they were to trust such an ethereal scheme.
The thieves could roll the "crypto coins" across the floor to amuse their cats... except that crypto is not even that real! Nothing to roll across the floor!
The cats will be disappointed.
.
“Trouble rather the tiger in his lair than the sage among his books. For to you kingdoms and their armies are things mighty and enduring, but to him they are but toys of the moment, to be overturned with the flick of a finger.”
― Gordon R. Dickson, Tactics of Mistake
― Gordon R. Dickson, Tactics of Mistake