there is a downside to baseless optimism. People who think that "blockchain can't be stopped" "bitcoin can't be censored" etc are playing into the hands of their enemies.
Much of cryptocurrency world is dumb on that. Yet cryptocurrency can be made reasonably hard to kill, it's just not there yet because the dumb focused on getting rich before getting resistant. Crypto already much harder to kill than fiat, fiat's kill point being exchanges known as local and central banks. You better hope early resistant have all not sold out to being rich, else crypto future could be fucked. So don't fuck it, resist.
soldier-child-mutderer as 'bodyguard'.
He's not hiring them to murder children, but to defend selves against incoming aggression. Ask the military scum their brass and political schemers why they not talk about their murder. It's still a question to be answered though.
eggs are not a good "medium of exchange".
They're fine within their limited expiry time, they last longer in the form of hatched chickens.
coins, are vastly superior to any 'crypto currency' in many aspects. .....
Old news. Same as knowing their storage and movement costs are much higher than crypto. And that one cannot store them in their brain or other mechanisms like crypto.
'technology' because it's the most dangerous enabler of totalitarianism ever.
Duh.
sound money ... 'gold standard' ... counterfeited
Not so much. While it's much harder to print gold than worthless fiat paper, any marked gold issuance marketed as being serialized valuable controlled whatever can be cloned by duplicating marks. And secret under / over reporting of mining and diversions can occur, and no one really knows who has how much existing gold where in secret vaults. Known issuance crypto beats gold there. And any vaults aren't thousand years old, only 10. They both suffer from infinite divisibility, which makes it unlikely that top secret hoards will be drawn down and dispersed in market by any demand to get various sizes of currency into circulation... they'll just let adoption divide them and remain even larger kings.
Bottom line : you cannot beat the 'decentralization' and privacy of trading metals in person
Given the paperwork and chokepoints in both fiat and metals, crypto is actually on par to better than them. Yes, in person is different.
NSA-backdoored microelectronics.
How many fucking times do people have to be told of the profits and win waiting to be had here before they go and found a few of them... #OpenFabs , #OpenHW , #OpenSW , #OpenDev , #OpenBiz
Distributed technology is and will continue to disrupt and evaporate legacy power structures.
That's mostly backwards. Distributed technology REQUIRES decentralized political power. If power is centralized (as it obviously is) then 'technology' is controlled by a small corrupt technocratic mafia, as it is today.
Actually depends on who can continually create and bank upon marginal advantages over the other. The technocrats probably do not yet understand what they could actually do by turning their tech to various evaporative purposes. Apple seems to begin to know what it can do with strong crypto in its phones.
well, that's yet another problem with 'money' based on a 'ledger'. These ledger based systems are NOT commodity money so their units don't have any 'intrinsic' price.
Chickens and gold have no intrinsic price either. Calling something money is nothing more than the process of estimating its past current and future value in relation to other things (also money candidates) on a market, and using that data to decide however much of it you want to put in your wallet or warehouse... relatively aka faith. It's only the fuckery of Governments that tries to assign a value to some so called money other than its true market value. Only reason their scam continues working is because they're pretty good at it such that the masses don't lose faith, simply they tolerate outright theft and evaporation of their money so long as they can still use it to buy beer and tv. If they woke up, they'd drop fiat for metal and crypto. Convertible ledgers are fine so long as they hold true. History shows they often turn into scams. True cryptocurrency (ie: below) probably won't, however creating or finding one that is true will likely be rare.
Now, if bitcoin was widely used, then its price would be more stable but at the moment bitcoin isn't really a 'currency'(it's not widely accepted or 'current')
Mostly duh. However any volume_tx and volume_pairing stats will tell you BCH ZEC and all the other cryptos are clearly being used for something. Doesn't really matter what.
it's used by gambler assholes who call themselves 'traders' for gambling.
Nothing wrong with that. Unless you're a statist regulator. So ignore it. In the long term, adoption removes their influence. So go adopt. Or stick with chickens, gold and whatever else.
so not sure what you mean by 'nonintrinsic negative'? Volatility is intrinsic and is negative...
No it's not a negative thing, it's greenfield early days discovery. For a truly distributed anarchistic privacy uncontrollable uncensored ungoverned known issuance etc cryptocurrency... volatility is expected during run up to full steady state mass adoption, thus volatility is intrinsic, or at least uncontrolled for. That's ok. Presence of volatility is a positive thing, as without seeing it one must wonder what sort of control fuckery is in place making it flatter. Though part of this depends on whether humanity, and multiple players, when dumped into an open market pot, do or do not, tend to adopt smoothly, or chaotically. For cryptocurrency in total, chaotically upward seems to be the case so far.