Weird history lesson
More holes than Swiss cheese
How about you refute them? His points seem valid to me.
.....what.... again?
If you watch this show..... and I trust that you do.
Long time viewers will know.....
That these subjects have been talked over and addressed ad nauseam.
Simply put, things change, things do not remain in a static state, change is not always linear.
Things are in the very process of changing.
Once upon a time rear view mirrors and steering wheels impaled people on a regular basis.
But to keep it short....(because boring topics and I am busy)
1) No speculation is so obviously not the "killer app" of Bitcoin/cryptocurrency/Blockchain technology. No surprises here.
2) There
can be fees depending on how you use BTC, but you can also use it for free, and there are developments on this on a ongoing basis, and things will change in the future. No surprises here. Plus it looks to me like fraud in terms of credit card fraud is starting to get more out of hand. Also the idea that credit cards are free is a complete fallacy, banks and credit card companies , do nothing for free, I repeat banks and credit card companies, do nothing for free, not a single thing, nadda, zip , zilch..... those staff, and buildings and computer networks, and fraud and security experts (and on and on) are not free, and every service a bank provides leads them to profit in some fashion, otherwise they would not be doing it.... that being said, the financial system is so broken and corrupt, that even these companies are struggling to keep making profit, hence soon they will charge you to keep your money in a bank, while other banks are leaving retail banking all together, and others saying they do not need to issue loans or take deposits anymore. So the banking industry is also constantly changing. No surprises here.
3)
At this stage, it is not a steady store of value, but, things change, larger liquidity exchanges and wider use could level off volatility in the future, assuming continued adoption, also at this stage some people like the volatility. No surprises here.
4) Bitcoin is not a traditional investment, and also the release of new coins is not endless, it is very specific and known values, known by all in advance. No surprises here.
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5) There are no guarantees in any form of investment, technology, or finance, there are less risky investments, with lower potential for rewards, and there are higher risk investments with higher potential for reward. No surprises here
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6) Bitcoin and crypto is becoming regulated in certain aspects, and in others it is regulated by its protocols , which are open for all to see, furthermore the risks involved in holding in custody your own coins, can be mitigated via having in place, segmented low attack surface, well thought out cyber security and hygiene in place. No surprises here.
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The fact that it is not regulated is known by all, the stakes are the same for all, there is a level playing field, and again is a situation that is constantly changing, either being clarified or literally the laws are being written as we speak. But we all know the situation, no surprises here.
7) No one is holding a gun to anyones head and forcing them to use, take up, adopt, trade or speculate in cryptocurrencies.
We all know the history, and the state of play.
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