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by fellellor 1307 days ago
This is all right. But bitcoin or any other cryptocoin is a shitty currency because of their volatility. If all BTC users lived in crypto island and fiat speculation over crypto was some curious ritual that only non islanders indulged in, without affecting the balance or transfer of the coins then crypto would stand a chance of becoming a currency in crypto island. In the real world there is no chance of this happening. Mainly because BTC and almost every other crypto are closed systems and don't incorporate ways to interact with other systems (even other blockchains). Their's is an all or nothing world, and it will inevitably be nothing.

Satoshi only solved one part of the puzzle with bitcoin. But the problem is much larger and crypto-land is beset with untalented frauds.