Quote from: audaciousbeing on September 05, 2017, 09:11:30 AM

Quote from: Realist247 on August 14, 2017, 04:26:12 AM

Everyone that is currently "investing" in BTC and other cryptos are the "crash test dummies" of the future.

Most major banks and many large/wealthy governments are coming up with their own cryptocurrencies.

Why have these entities not released them yet? Because they are watching, waiting, and learning from all of the mistakes that other cryptos are making.

High fees.

Slow transactions.

Volatility.

Insecurity of wallets and exchanges.

Public distrust.

Reactions to media attention.

Criminality/money laundering.

Backed by fiat currency.

Lack of patent.

And on and on.

I've been reading this forum for days and I don't see this big picture addressed except in rare cases. Almost everyone making predictions truly believes that BTC will be around for 50-100 years let alone 2-3. Every day that goes by is just one more day that forces and entities with far bigger market caps than $100 billion are learning from all of the mistakes and problems plaguing the existing paradigm.

If one is to make a wise investment, they need to be aware of how quickly these markets can change...and literally overnight. I don't expect much from the fanatics other than irrational reasons why my train of thought is flawed, but I do hope I see some of those individuals that are usually silent come out of the woodwork to offer solutions. In other words, BTC can only survive if its community takes a mostly pragmatic point of view. Otherwise it is doomed to be raped and discarded in a way that will leave most reliving their failure to act like that will leave permanent emotional scars like that of PTSD.

You have made a nice observation but at the same time if government comes with their own currency has you have proposed, it then mean that they have equally seen an opportunity in the crypto currency and have equally know that the future is about digitalisation and at the same time know that its either they fall in into that future or wish out. Dont also forget that if they come up with their own crypto currency then that will bring out their hypocrisy after they had claimed severally that crypto is a ponzi scheme and alot of people will see beyond that cover up of theirs.

,if that would be happening then i think bitcoin would also be legally accepted by the government and can be used for economical terms. I guess also the government was just using us as test drives and they have been keenly observing what's the circulation of these economy, maybe also someday government would also try ruling crypto just maybe i think.