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8 comments

[–] PMYA Brokkr 3 points (+3|-0)

so, money

[–] [Deleted] Freja 0 points (+0|-0)

Sure, until the electricity is gone. Then it's only a fond memory.

If you can't hold it in your hand or physically see it, then the chances are good that it's only real value is what you assign it or can convince someone else to give you for it.

And now that governments are beginning to regulate and tax it, even the cool parts about cryptocurrency are gone.

[–] Dii_Casses 1 points (+1|-0)

it's only real value is what you assign it or can convince someone else to give you for it.

This is true of all currencies, not just virtual ones.

And it's not like VISA is any less virtual.

[–] [Deleted] Freja 0 points (+0|-0)

VISA is backed by physical currency, even if that currency is only such by fiat, it's still real currency.

Bitcoin will never succeed as the "dream" currency. Its previous anonymity is gone, so much of the cool factor is also missing. All your transactions are subject to governmental scrutiny and now they're being monitored for tax purposes.