Well the Ukraine isn't really that significant a country either.
Also, while the technology is probably useful (I don't understand it well enough), and there is probably also a use case for crypto currencies, I do not see why the value of the currency/currencies themselves should be so high. Their being used as speculative assets directly detract from their usability as a currency. Show me a real world currency that fluctuates that wildly... Odds are that that currency belongs to a banana republic. Real, useful currencies are stable.
So while I do not say that there aren't use cases for crypto –– probably mainly secret/shady stuff –– it seems to me highly unlikely, possible even impossible, that it will ever be used as a normal currency. That would be sort of an oxymoron, as crypto currency is pretty damn near the definition of a speculative "asset". And and a currency isn't really an asset. Not an appreciative one at that, anyway, not an investment –– they don't produce anything, and usually approximate 0 over time...
PS. Sorry if my writing is unintelligible, English is not my first language. |
