My questions revolve around what value does it store?
IF only banks, hedgefunds, and gov'ts hold it, and nobody uses it for a currency, how does it maintain its value?
Those folks don't send money back and forth, very much.
No, I see btc going down, from what peak I can't tell you, but without utility beyond numbers on a ledger, I don't see it as a viable long term investment.
It will certainly be many years in the playing out, but the trend I see is that folks will use the coins they are comfortable with and the others will perish.
The ones most successful over the next couple years will likely be the ones that survive the longest.
My questions revolve around what value does it store?
IF only banks, hedgefunds, and gov'ts hold it, and nobody uses it for a currency, how does it maintain its value?
Those folks don't send money back and forth, very much.
No, I see btc going down, from what peak I can't tell you, but without utility beyond numbers on a ledger, I don't see it as a viable long term investment.
So far it’s been reliable. I guess we’ll see.
It will certainly be many years in the playing out, but the trend I see is that folks will use the coins they are comfortable with and the others will perish.
The ones most successful over the next couple years will likely be the ones that survive the longest.
Presuming, of course, that nobody reads a book and discovers why we have to have workers, but we don't have to have dollars.
https://theanarchistlibrary.org/library/petr-kropotkin-the-conquest-of-bread