This is 2 week deadline #4 or #5 for Russia to end the war now? I’m losing track.

It depends greatly on how it’s stored. Most people just keep it in an exchange, which are robbed fairly often. Which wouldn’t be a problem with real cash as there are laws in place to protect you. With crypto you have no recourse.

It’s accepted almost no where. And the list of issues go on. Crypto is easily stolen, very difficult to secure. Difficult to use for most people. Proof of work crypto is still in the majority and wastes absurd amounts of energy, etc. But the biggest issue is that it doesn’t solve any problems that were not solved long ago unless you are conducting criminal activity (which I do have to acknowledge as it’s one stand out use case).

A banknote is accepted as a means of exchange, ie a currency in a way that bitcoin and other crypto coins are not and cannot ever be due to the fees and delays in the system, not to mention the absurd volatility or lack of liquidity in the smaller coins.

Crypto is stupid for entirely different reasons that I’ve enumerated in other threads in this post. I’m just observing a correlation I’ve noticed here which directly runs counter to another statement.

I don’t know any crypto bros who aren’t also MAGA/libertarian/fascist

I think it’s because, at least in the case of bitcoin, it has no practical real world use other than hoarding like beanie babies, and therefore no real value. As a currency it’s entirely useless.

I have a bit more sympathy for ETH, maybe someday DeFi will produce something truly useful enough to justify the money in crypto, but it hasn’t so far.

What are you, some sort of jive turkey?

Wait. You mean war isn’t the solution to all the world’s problems?