/biz/ - Business & Finance

>>52623820
> Mathematically provable assets
not needed.
> Privacy
Yes, more so than Bitcoin. Once someone knows your wallet address, this person can track your spending
> The ability to avoid being dragged down by failures in local monetary policy
Unrelated to currency. If polititians want to manipulate, they will. Reminder that USA got rid of gold standard because it was too good at controlling spending. Not sure what makes people think that polititians will allow anything like that in future
> There's nothing special about BTC that makes you not able to use those same methods that rely on credit and trust
Not legal tender, that's all there is to it. I'm not going to put my money into your pump n dump because it's not recognized as official currency. Might as well put my wealth into sea shells, would be as good as Bitcoin.

As for your regards for the current system, yeah I'm sure you understand it completely. There is no way you're calling it stupid because you are at the beginning of the curve in pic related.