[quote=Hastings]Weren't tulips, ostriches, and other big bubbles destined to fail because of the unlimited potential supply? Is there a finite supply of bitcoin? I am curious because I don't understand it. I bought RIOT Blockchain at somewhere between $2 and $3 last year and it went almost to $80 and today closed at $48. Wish I had bought 20,000 shares instead of 200.
I do not see how some fictional asset with no intrinsic value can possibly be worth anything in the long run unless it is backed by a government as legal tender.
This seems to me that you imply faith because it is backed buy Government, Financial Institutions, and Intrinsic Value!
Not attacking you, just saying what you see as faults in Crypto is the same faults in basically every other currency.
