COTG

returning all of them, because the vast majority of stables was frozen and his IP was potentially exposed

you really can't generalize "crypto" like that. First of all, btc is more so a store of value rather than a currency, but also the most boring aspect of crypto in general. Money in the future will 100% be DLT based, since instant finality and complete transparency offer simply too many advantages. Money is already basically digital and ledger based, however just using a significantly more inefficient version than possible. The first iteration will likely be a CBDC, where China looks to be leading at the moment with the US however starting to realize the importance of the issue. Furthermore, decentralized finance as it is currently built on defi basically allows for trustless financial interactions where you are still able to keep custody of your own money. The entire traditional financial system is currently being rebuilt there, in a trustless manner with the only real application still missing being undercollaterlized loans. And since basically every single currency in a decade will be a cryptocurrency, be it a CBDC or a decentralized one, permissioned bridges to access defi are easy to implement. Can't really type out everything I want here since I would be stuck for hours, but my point is that trying to shoehorn crypto as a now $1.6T industry into the single usecase of alternative money is ludicrous in my eyes

Bitcoin is quite literally a public ledger, and not used for criminal transactions apart from a few incompetent criminals. Privacy coins exist for a reason. Since the FBI has the addresses private key, it also reaffirms the incompetence of the hackers as they likely had it stored online/local pc's which is in of itself quite braindead.

Volatility =/= bad. Im generally significantly more focused on defi built on smart contract based platforms like ethereum and solana, but nevertheless Bitcoin is still the largest and most well known cryptocurrency. Its tying to establish a new form of currency, and there is simply no way there that doesn't involve massive volatility. Also, nevermind the size or stability of El salvador of course this is newsworthy, even if you believe this experiment will likely fail

indeed, using bitcoin as a currency is pretty useless. Sure, there are some layer 2's like lightening, but they are far from ready for mass adoption. Eth and defi specifically are generally significantly more exciting, and will likely also gather more mainstream mindshare over the next year. Generally, I think DLT based money is basically inevitable at this point, and while it may start out as a CBDC, there will 100% be permissioned bridges into other ecosystems like ethereum as the utility is simply too high

I think we broke him. what are you babbling on about?

I would also argue that the infrastructure is not what gives crypto value, similarly to the internet. But some people can't process abstract concepts apparently. Most crypto "deniers" would have likely also been internet sceptics back in the days

Mm, electrons are matter are they not?

please tell me you're trolling. what does crypto run on, magic and fairy dust?

Theres the cliche. First of all, tulips mania at its peak was again well under a billion dollars total, so multiple orders of magnitude smaller than crypto. Secondly, it was a singular boom and bust. Crypto/btc has now gone through 3 80%+ drawdowns and subsequent recoveries.

jesus christ thats hard to listen to

hmm, lets see. Beanie Babies at their very peak may have had a MCAP of a couple hundred million? Crypto is now a multi trillion dollar industry.

saying crypto doesnt exist simply because its not physical is akin to saying the internet doesnt exist

that is by far the single most idiotic comment i've seen all week

how is the metaverse not tech news lmao