I like the Bitcoin = Gold comp. What = USD? I think right now that is what I'm most interested in.

The USD is strong right now, but if history repeats itself it will fall.

Look at Venezuale and other countries. They are all going to Bitcoin. Thier government demoted thier currency very badly.

Limited supply = Gold

Unlimited supply = fake money that we print daily.

tyty

I agree with this. I don't advocate holding USD for investment purposes.

I want to know what I will be paying for a burger at Carl's Jr with in 2029. If I can answer that question correctly (and the answer is a crypto), I will soon be tremendously rich. This is true, even if the answer isnt investing directly in the currency!

It is entirely possible (though pretty surprising) that the answer to the above question is fiat, and the crypto value proposition doesn't lie in everyday transactional use. Either way, I'd like to hear what folks think about this.

Burger King in Russia is already taking crypto for payment you fkn noob. its not even 2029 yet lol

Probably never tbh. That's not what bitcoin or ethereum is for. It's trying to conquer finance, not currency that you buy burgers with

I hope anyone who is naive enough to think crypto will replace fiat is only playing with their parents $. i.e. if you're not a teenager there is no excuse for being that ignorant.

I'm playing with no money right now. Trying to learn about the space. Why is crypto a bad replacement for fiat?

Fwiw, I would be surprised if fiat in today's form has survived to 2029. The genie is out of the bottle, imo fiat has to change or be consumed by some form of better money.

Stating the obvious, fiat is controlled by your government. If for no other reason crypto-as-a-currency will never be allowed to exist and compete with that unless it is also controlled by your government.

Ah ok. I'm a rookie to the space but even I know this is a really bad answer. Since you've been a dick I'm not going to explain why, I'll let others elaborate.

Right. To be clear the USD will still exist in 2029. I'm just looking to find something that could take 5% market share.

The truth hurts kid

Please stop being a condescending prick

what a dumb answer, just cause the government controls fiat now does not mean they will control the financial system indefinitely. Fiat only been around 50 years top or shorter i do not remember when they implantmented but you can always search it up. Wait till the fiat crashes and you will be using your paper currency as fire starters. Can not wait till we go back to gold standard. Bitcoin might not be the answer since it does not have physical value but going back to gold standard will stop money coming from thin air. I am a fan of blockchain technoogy though.

If you've come to the conclusion that govcoin will supplant any or all or some decentralized digital currencies, then you haven't done enough thinking or research.


Simple question:


There will be services that track ownership of goods such as art, jewelry, real estate, identification using blockchains both private and public. There are probably over 100 independent companies trying to accomplish this right now.

The people who are trying to accomplish these goals understand the security incentive provided by pegging these information into a public blockchain vs a private one.

If you can't figure out why "people" who'd want to use this service woul prefer to use the public blockchains, then investing in crypto is not for you today.

It exists today.

If you disagree with how I said it, sorry. If you disagree with what I said, that's your problem.

So you think the central banking system is going to disappear soon? In the next 5 years, 10 years, 20 years? If you believe that the US government is going to crumble, and the dollar is going to be worth a fraction of a penny someday, go ahead and load up. "Come invest in lalaland where you slide down rainbows, romp through a lavender-colored meadow of kush, and splash around in the river of gold..."

I missed the question, but what you're saying about the technology I have never disputed. Blockchains and ledgers have their place as logistical technologies that improve security and increase efficiency.

The tokens though are bull****, get-rich-quick schemes, benefiting the few and will end up hurting the many bag-hodlers. Will govcoin replace all of the decentralized crapcoins? No, those will fail on their own. Will the gov shut down and **** on any real decentralized competitor to the $ if they get big enough to matter? Yes.

Some of the coins are getting big enough to matter so I guess we'll see.

I love a good pump as much as the next, but I take issue with those perpetuating these shams as anything other than that. I replied to a guy who wanted to know if he was going to pay for a burger with eth in 2029. c'mon man

Bought 2.0 ETH today at ~304 for my first ever crypto purchase. Took me about 20 hours to read this entire thread up to this point (had to google just about every third word it seemed like and that lead to many rabbit holes and about 40 open tabs on my browser lol) but I made it! Thanks to everyone who contributes in here- both positive and negative folks!

It's almost that today.

That's an old chart and doesn't show the dollar's recent increase. Regardless, how do you expand the economy without inflation? I'm not saying to hoard cash and not invest, I'm saying do not invest anything in these scams. If you want to gamble on them, do it knowing its a gamble and not an investment. And no that's not semantics.

19th century was mostly deflationary and the economy expanded. The most common way is through increasing production through investments and technological progress leading to higher and better supply of goods without increasing the supply of money as much.

I think you may want to take another look at the axes of the chart, then report back and tell me if you still agree with this statement.

How are those investments being made? In the 21st century, our expansionary policies create most of those opportunities.

Congrats!

I'd advise buying 10 ETH quickly (if you can afford to) and then placing them on a Trezor or Nano S wallet and then don't watch the price.
Once you get to 10 ETH, try to get to 1 entire BTC and place it on your wallet.
THEN start to slowly research the altcoin space.