I don't know enough about it. but I do have an opinion. A virtual currency seems like a perfect way to usher in a cashless society. There would be no cash to ever be able to turn to. And, it allows the powers that be to ultimately be in charge of it. After all, physical cash we can control. Digital dollars we would have a much harder time controlling.
I thought that was the funniest part of the whole story. You have this complete vanity of a currency, little bits on a computer that we just made up. It rises up to billions and then trillions in value and then just as easily collapses back down to millions. Yet it isn't "nothing" is it? It represents incredible amounts of energy. Suppose that same energy had gone into mining gold or silver, we would still have something for our labor.
Bitcoin exploded in price because it was ideal for doing transactions that were not able to be tracked. Things like the dark web. You weren't getting something for nothing you were profiting off of criminals and intelligence agencies trying to move money for things that they didn't want to be tracked on.
Absolutly.
