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Good point, this is about investments, and I would not recommend investing in any particular crypto. They're incredibly volatile.

Same with gold, silver, and fiat. It's status as a unit of exchange is quite certain. Many cryptos are used for this purpose. Now there's a question of which cryptos survive, I made no claims about a specific crypto surviving forever, but it is a huge change for precisely the reason I said...

I was literally talking about ledgers, when you then came in and said: So pardon me for saying "no, ledgers do have value". And if the ledgers have value, then paying to use the ledgers has value, which means that Ethereum has intrinsic value as payment for gas, for example. On top of that, a...

Um, no. Distributed ledgers can radically reduce both transaction cost and time, anonymize purchases, etc. You know, as I described in the post you quoted: Yeah, all of those things that SWIFT doesn't do but crypto does is of actual use. As for gold/silver, those have very little real use...

Um, you clearly don't know what you are talking about. So the first one I slightly overstated, a regular user can use crypto directly, using any of a number of different apps that serve as wallets. Which is I guess a step away, but not really. In contrast, the only way to use SWIFT is to be a...

SWIFT a) doesn't allow regular users to use it directly, b) is beholden to laws and regulations, c) is not in anyway decentralized, d) doesn't cut out middlemen, e) doesn't anonomyze, etc. It's nowhere near as useful The second, and the ability to get rich off of it, is a good chunk of what...

So first of all, not actually that wasteful. the ability to ramp up and turn electricity into cash is very valuable for electrical companies needing to smooth the demand over time of electricity (which is an ever more prominent problem with green energy availability not lining up with use)...

Good! I want them to do this, as it means they aren't doing useful stuff in a powerful new industry, and are basically legislating themselves out of useful tech.