It’s crazy that people see crypto as a scam but can’t see the same concept in fiat currencies.
Governments don’t accept cryptocurrencies for taxes. They’re not real currencies.
They don’t usually accept other nation’s currencies in general.
No, but for every real currency it’s accepted (and required) to pay taxes somewhere.
“Real currency” also gets created or destroyed by a government at whims. Anybody clutching their USD rn isn’t going to benefit in the long run.
Yes, and?
So the realness by your definition has no merit.
Real currencies are far more stable and are unlikely to suddenly disappear. It can occasionally happen, but it’s rare. Cryptocurrencies are a ponzi scheme.
Consumer price indexes and exchange rates are constantly fluctuating, although admittedly BTC temporarily lost half its value a few times while it climbed from $0.09 to $106,154.15 in 15 years.
The price goes up alongside adoption rates, at this point it takes a massive amount of funds to manipulate, like tens of billions.
The vast majority of scammers ask you to wire transfer funds out of the USA or purchase gift cards.
I agree with you that smaller coins are all pointless and terrible investment but I do see possitive potential for Crypto in the future as a means of people resisting central agencies.
