“ They really aren’t. A currency is only worth anything if normal people are willing to trade them en masse. For the majority/normal people to trade them en Maße there needs to be an universally agreed upon use for them. A use that taxes give, since no matter who you are, you must pay your taxes in the state issued currency.
Crypto and other alt currency tokens are worthless by definition”
https://reddit.com/r/technology/s/TTK0bCHDDN
Don’t necessarily agree with it, but I get why someone would have that take.
In what way do they have any value beyond the usage of transactions? Are they cornerstone of anything of worth (except the scams) as building blocks? Metal can be used in industry for something, which not something i'm seeing with Bitcoin or Ethereum.
Alright, seems we are on a similar page, I misunderstood you as arguing for it being money with value, rather than just a currency for transactions.
I think I already know of the 51% attack concept, although i'm not keeping up to date with cryptocurrency, have there been any major changes to it?