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by kayamon 1470 days ago
People mistake Bitcoin, which has no central custodian and will continue clearing transactions all day long, every ten minutes, immune to all interference, with the rest of 'crypto', which is a giant money-lending dumpster fire that isn't backed by anything.

Once all the dust settles down Bitcoin will keep ticking along just like it's been doing for years.

1 comments

For good reason... Bitcoin enabled this ecosystem, and a currency is ultimately only as good as its ecosystem. For example, Roman Denari are worth nothing as a currency [1]. No banking system accepts them.

[1] Used Denari because it's an old currency I know. Of course, there's collector value, but there are other useless currencies today I've never heard of worth nothing on the collector's market too. Unfortunately, I can't cite any, given how useless they are today.