The
only functional use for cryptocurrency is crime.
Cryptocurrency
was fashioned by geeks because, as the Republican party made it's hard
right turn (becoming the Qpublican party) it's two primary
considerations were: supply side economics (based on a laffer/laugher
curve); "government is the problem," self-fulfilling,
operating philosophy.
That created two major problems: the US
government (via agencies such as FFRDCs) drove and funded US research
and development and also caused, or built out, the vast majority of
the US's common-carrier infrastructure (transportation, power,
telecommunications, education, etc...); "capital flight to
safety," was largely a movement of cash from risky/speculative
investments to safe investments (largely US Treasury notes).
The
currency of international trade, especially hydrocarbons (coal, oil
and gas), was in the most stable currency in the world: the US
dollar.
All this put the lie to the basic, Qpublican
(libertarian consuming) raison d'etre.
Cryptocurrency was an
attempt to provide an alternative to the US dollar as a very stable,
internationally exchanged currency, that's also (almost covertly)
secretive in nature.
Cryptocurrency, regardless of brand
name, are a failure.
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