General Discussion

This article seems helpful. Mind you, I am a techie and should understand this stuff but it is a head-scratcher.

https://www.bankrate.com/investing/what-is-cryptocurrency/#what-are-the-risks-of-crypto

Crypto is an asset, not a currency. That is the main deal. To me, as an outside observer, a few things stand out.

• Its value fluctuates wildly, since it's used by speculators. It has no peg. Hence, it's not currency.

• It really is hard to convert into legal tender, and fraught with fraud.

• It takes enormous assets to create -- "mine" -- and has a giant environmental impact due to power and cooling demand ( and then came "AI", which dwarfs the damage. )

• Most, Bitcoin mainly, limit the number of tokens. For bitcoin, 21 million. Impact? I don't know, but it's like holding a closed-end fund, if you're comfortable with that.

• Despite its fluctuating value, people use it to make transactions. It seems anonymous, so all sorts of evil people use it as currency/ransom. But it has to be converted at some point, and is commonly uncovered by law enforcement.

• And, it is used to make transactions outside the regulated banking system, ( a.k.a. "Deep State" ) as in money laundering, the name of the game for Orange Caligula and his owners, Musk and Putin, and North Korea, whose economy is largely funded by bitcoin theft ) and who just happen to be big fanbois of it.

• One more thing. It's as secure as your password. People are held up or even killed to get the wallet password. Protection? Zero, nada, zilch, zero.

And have a great day!