Also, Paypal has ridiculous fees that make it difficult to use Ebay as a pleb entrepreneur, creating a barrier to entry for little guy.
And the technology is shit.
People mad they have to wait for Monday morning to trade the stocks they 'own' while crypto is 24/7 365 decentral disruption
Yes, that's where the value comes from - and it takes a while to get it.
Counterpoint, there are cryptos that suck bigtime, like Ripple XRP
That's like saying 'wow you have a bunch of ones and zeros, that will never be useful'
Interested in your opinion, but my experience is that 'ponzi' and 'tulips' are just buzzwords like mockingbird, I call it the Peter Schiff effect, and he's just stocking up in the bg prolly
Nah, the inherent utility of Gold is manufacturing, beauty, it's a unique metal with unique properties etc.
It has the advantage of being independent of electronic technology, ironically.
Crypto has value in part by the network of usage, but it actually has advantages over gold, inherent advantages.
For instance, you can use it no matter whether a bank is open or not.
You don't need permission to use it. It can be printed on paper and used like a currency.
The mathematics behind it give a GREATER degree of confidence than many items that have been used as currency in the past.
And it's decentralized, un-deplatformable.