Thoughts on Crpytocurrency (BTC, ETH, etc.)

[WolfpackN64]

Insidb said:

WolfpackN64 said:
It works because our current currencies are free floating (so it's only backed by our trust). But without government backing, these will always be way too volatile to be real useful currencies, and then there is the matter of who controls the currency in question.

For stability's sake, it really could use expanded adoption. Let's keep in mind that more people in the US own BTC than the populations of 40% of the states and 60% of sovereign nations. That being said, most of those nations use USD, anyway.

Expanded adoption will only mean more people will be dragged down when the BTC bubble bursts. It's insulated against nothing.