re: remember when everyone was becoming a millionaire investing in bitcoin?

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Which ones have the immeasurable value?

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I don’t have enough confidence to start pointing out specific altcoins but I am confident that one or several from multiple categories will succeed and be adopted well enough to have dramatic value appreciation. For example: in the daily transactions currency segment there are several altcoins that seem to have solved the scaling issue that bitcoin has failed to solve. One of those is NANO. Some other disruptive altcoin categories include utility value networks (POWR), genomic data networks (DNA), securities trading (POLY), etc.

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how can it be used as a medium of exchange?

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Lol. So you make this thread without knowing anything about crypto?

Even I know this is a dumb question.

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Lol. So you make this thread without knowing anything about crypto?

Even I know this is a dumb question.

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It’s not a dumb question whatsoever. The fact that you think it’s dumb is far more problematic if you’re investing in it.

If a currency is being used primarily—even solely—as an investment asset for future gains, then what incentive is there to use the currency for its actual purpose if the value of the currency is expected to be worth far more than the goods or services being exchanged after the exchange? Would you rather exchange Apple or Amazon stock for groceries than cash?

Here is an example that actually happened: there was a report late last year when bitcoin was rising rapidly on CNBC or Fox Business about physicians offering bitcoin payment but nobody was actually using the payment.

It could have been nobody had bitcoin, but if someone did, why would someone pay for say a $100 service with bitcoin when at one point in November and December, that bitcoin was worth over $125 a week later?

It's interesting to watch all the threads laughing at people who bought or didn't buy bitcoin as the price changes

One thing is for sure though, and that's that it is way too god damn volatile to be a currency. I wouldn't accept bitcoin as a payment on a large sale whether the price was $1, $1,000 or $1,000,000

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Most crypto projects are not pure currency projects.

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But it’s traded as a currency instead of a security, which is why if the technology is so important and useful then the currency trading, and the speculative nature of its current state, is actually harming that, as many of the developers have stated.

I think myself and others would be inclined to invest in some of the companies developing useful technology and running the company well, but as it stands, we can’t really do that.

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When you say never there, do you mean they don’t exist instead of the usual not supporting the price (e.g., a overvalued stock)?

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For starters, the is zero barrier to entry. I mean the technology is impressive but there is nothing that stops you, me, or JPMorgan Chase from developing out own. Bitcoin has no IP protection.