I’m a tech person who can’t understand if Bitcoin is just a fad that has no underlying value or if it’s the next internet. When it comes to transferring money I’m fairly happy with PayPal, Transferwise & stripe.
I’ve been following Bitcoin since 2013 but never made a serious investment as I’m not a believer. At the same time I can’t rule it out completely. Will fiat last forever or will it be replaced? Is crypto that replacement? Maximalists would have us believe that the USD will hyper inflate and Bitcoin is a hedge. But is it?
I’m using Bitcoin interchangeably with crypto. If you are for other crypto and not Bitcoin can you tell us why? If you are against it all can you tell why?
Just trying to get different opinions on why people believe / don’t believe in Bitcoin(or crypto in general)
And in that regard, I find something like Monero, which specifically has anonymity as a feature, more appealing. And then all the "smart contract" / "programmable money" aspects of things like Ethereum also have some appeal, but not enough to date to where I've bothered actually buying any.
All of that said, I want a viable crypto-currency - that functions primarily as a currency - to exist, as something that's outside of government control, and ideally something that allows for anonymous transactions. I'm just not sure we have it yet. Maybe it's Monero, or maybe we're still waiting for The One. I don't spend enough time on this topic to be sure.