[jmg]

Originally Posted by IllSic_Design

That's fine, be a skeptic all you want. Same as all those people that predicted the internet will have no impact on society/way of life.

That's a false equivalence. I was never skeptical of the impact of the internet, so I don't know how that even applies.

Originally Posted by IllSic_Design

This isn't 2009. It(meaning most Digital Assets*, we're pretty much past calling them currency phase) won't be used for actual currency like the dollar, they are going to solve problems in different industries. Like the cross border remittance area/financial payments($XRP, $XDC, etc) where it is SUPER costly to do these transactions.

Unless these transactions are quick converted to fiat, the volatility of crypto could negate those cost savings for the receiver. On the other hand, a crypto bull market it a potential loss for the seller. It's a band aid for larger problems: lack of a global fiat, remittance transaction fees, and complicated FEI taxes.

Originally Posted by IllSic_Design

And product traceability/proof of product/supply-chain management where Vechain($VET) is working(they are even working with and being used by BMW right now).

You guys need to start looking at the bigger picture and not looking at them as straight currencies. But hey, you guys do you......

I'm not talking about blockchain, I'm talking about bitcoin and cryptocurrencies. True, they are tied into each other, but cryptocurrency is a function of blockchain. Blockchain is what has intrinsic value while Bitcoin and cryptocurrency value is market based... and in with how volatile is has been this past decade, a speculative one by definition.

Don't believe me? Ask all the people you know who have acquired bitcoin the past 12 years. How many have used it as currency and how many just trade it? Of the dozens of people I know, 0 have used it as currency, all of them just trade it on speculation.

Yes, I know my circle doesn't reflect the entire world, but consider this:

I see many accepting bitcoin as payment, yet I don't see many places paying in bitcoin. That tells me that they are also speculating, not treating it as a traditional currency. Do you think Tesla was planning to pay its vendors and contractors in bitcoin? Hell no. They will, however, accept it. Remember that scenario I described earlier? The receiver wins in a bull market, the payer loses. What did Tesla do right after they sold all their bitcoin? They stopped accepting it because Elon's pump and dump was already complete. That's a lack of intrinsic value, that's playing the market.