Not a rhetorical question, despite the flippant phrasing. I'd absolutely love to see crypto succeed, but it doesn't look like it's gonna be useful for white and grey market transactions any time soon. For those not familiar, the white market is the documented, above-ground economy, the grey market is the informal/unlicensed economy, and the black market consists of goods and services that are outright criminalized.
Using crypto for white market transactions would arguably defeat the purpose, but on the grey market cash continues to be king, even though this is exactly where you'd expect crypto to be useful. Gold and silver intuitively seem like a good option for grey market transactions, but they're way too traceable, and while the grey market is usually left alone, when the piggies do get sicced on a given grey market you're up shit creek.
That's the most stupid normie take on cryptocurrency I've seen written in awhile and I've seen some absolute dipshit takes and no I won't be polite about that because people who bash crypto never are.
Do you understand the bitcoin mining process? Do you understand how halving works? Do you understand deflationary currencies? Do you understand the concept of a 51% attack? Do you know what the genesis block is? Do you understand that the Bitcoin network itself operates like an online ledger? Do you even know who Satoshi Nakamoto is?
If the answer is no to all of these questions you know fuck all about Bitcoin and cryptocurrencies in general. You're feeding people a load of bullshit and know it.
This is false, it also depends on what you mean by forked, for crypto to even exist it has to have a certain amount of computing power maintaining the network through the mining process. I know for a fact that most people who bash bitcoin like yourself have no understanding of the mining process or how Bitcoin has not been hacked. Now if you're talking about copycat coins, yes that's a thing, they're called clone coins for a reason and they often barely get any traction because the people operating them are morons hopping on a trend.
True cryptocurrencies are not simply a 'digital currency' they have had to have their own definition as a requirement because the technology is that new. By the way, with regards to the value of precious metals, that works fine for now, but if humanity starts expanding into asteroid mining the sudden influx of new precious metals could very easily crash the prices.
I'm amazed that someone with that much alleged knowledge and experience can admit to doing fuck all research on a topic and not feel the slightest bit of shame.