Serious question: how long can it last at these levels. Where’s the support for this asset?
Sounds like my kind of asset
Like nearly every other asset. 'Bitcoin is dead' has been said for over a decade now. We'll see what happens. I mined one of the first few thousand blocks. I don't think it's going anywhere unless civilization gets destroyed but that's just my opinion.
Prove to me you know nothing about investing in one sentence. Bravo.
Plenty of assets cashflow and provide tangible value. Crypto is not one of them. Unless you consider yields from a lending ponzi to be sustainable
There is utility in a black currency for all sorts of illegal things
Yeah, Visa is much better.
Edit: not bitcoin, eth actually, but it makes no difference here
In your ransomware example, it means that if you ever used that wallet for anything in the past or future that can be connected to you then they now have a pretty good proof that you committed a serious crime. And everyone who transacts with that wallet now can be questioned if their identity is connected with their wallet
It would be like if you took someone hostage and asked for marked bills with the serial numbers recorded. And also providing the cops with a list of all the other times you might have committed a kidnapping.
Most criminal enterprises deal with cash because because it acts nothing like bitcoin. No transaction history, no nothing