Sorry, but is this question a joke.  You make it seem like you think the survival of the human race depends on crypto.  Have you ever thought of the parallel similarities between crypto and government?  World powers have come and gone, and the human species continues to live.  And, eventually every government either changes structure or is completely replaced.  But, government has not ceased to exist. 

So, yes, we can survive without bitcoin.  And, yes, the crypto economy can also survive without bitcoin.  If bitcoing ceased to exist tomorrow, all other cryptos would take a hit, but due to the volatile nature and potential to make money on crypto, eventually the legitimate cryptos would bounce back and most who previously invested in bitcoing would begin putting their money into whichever crypto they feel would make them the most profit.

First, why ask the question here?  Why not do the research yourself to see if this is a credible story?  It's a simple task.

Second, I did the research, and it appears to be a legit story.  However, the bill was passed by the Arizona senat, and still needs approval by the AZ house of representatives.

Third, the state of Arizona does not represent the US.  So your title is misleading.

You would think that a "long time trader of stocks and options" would automatically understand this concept.  But, maybe he's going crypto because he wasn't successful in the stock market.

I disagree.  Centralization means higher risks on many levels, which can affect the worldwide market.  Besides mining and exchanges do not necessarrily go hand-in-hand.

Just an FYI.  I've always heard rumors, so this was an interesting read.

https://www.financemagnates.com/cryptocurrency/news/study-shows-bitcoin-ethereum-centralized/

What law?

Have you looked at the rest of the market lately?  Seems like you have focused on XRP and missed the fact that every other crypto has also corrected.  Based on your comment, the price of all of them were very much exaggerated.  Can't have it both ways.

Just looking for your thoughts on the idea of moving my alts to Teather (based on the USD) to stop the bleeding until the drop stops.

http://webcache.googleusercontent.com/search?q=cache:CJdAkPfL4pYJ:www.businessinsider.com/one-chart-should-strike-fear-into-the-heart-of-every-bitcoin-bull-2018-1+&cd=1&hl=en&ct=clnk&gl=us

Could this be accurate?

Seems to me a good marketing executive at a top startup wouldnt need to ask this question.

Yes, MoneyGram. And, s anyone using bitcoin for its intended purpose with insanely high transaction fees and slow proccessing times?

Its because coin market cap removed the South Korean exchanges from their numbers and seems like everything is down.

I earned a small amount of BTC for a referral on an exchange that I have let sit for a few months.  It is under $10US.  I wanted to send it to another exchange to buy an inexpensive altcoin just for fun.  I didn't even have enough to cover the network fee to send a miniscule amount to the other exchange.  I'm not going to buy more, so what do I do with this?  It seems like waste, and it makes me think that using BTC for day-to-day living will never work.  Thoughts?

Your subject line and and the headline you quoted from Cointelegraph.com is misleading because it is not entirely true.  

Coinbase's CEO stated the following, “A committee of internal experts is responsible for determining whether and when new assets will be added to the platform in accordance with our framework. These individuals — and all employees at Coinbase — are subject to confidentiality and trading restrictions.  As of the date of this statement, we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company.”

Coinbase's president stated the following at the end of 2017, "So we have published a digital asset framework which outlines the criteria we look at for any particular asset before we list it…You need to pass those exams before we would ever list the asset…suffice to say that we have a framework out there and we have a lot of people campaigning for new assets."

So, it seems that Coinbase is looking at additional currencies for inclusion on their exchange, however, they have not iminent plans to do so.  That does not mean that they won't decide to add one next week, whether it would be XRP or some other currency.

Now lets analyze this persons recommendation to sell. He says you should sell now because he almost lost all his profit 7 months ago when the high of XRP was anout $0.35US. But, if he would have held it for 7 months, his XRP would be worth over $2.00US. So, could you sell now?  Yes.  Is it probable you will make more profit if you dont sell?  Yes.

Just curious. It seemed like the weakness of bitcoin, and I wondered what the ramifications would be if I was right?

Where have you been. XRP already reached those levels and higher.

What?  What kinds of problems are we talking about?

It concerns me. It seems that this has the potential to cause a huge disparity between rich and poor. The rich whales hold the wealth and only they can afford fees. The poor dont hold enough wealth to afford transaction fees.
 If affordable technology doesnt arrive fast enough, there will be no new miners, and current miners will be forced to shut down their rigs or lose money. The less rigs online the less decentralization exists. Theoretically, bitcoin could become centralized amongst those who can afford rigs and become a monopoly. I dont think it will happen, but theoretically it could happne, right?

Correct me if I dont fully understand the concept of bitcoin. If miners currently work for new bitcoin, then once all bitcoin has been mined, I assume that the only incentive for them to continue running is to collect transaction fees. In order to offset the cost of their rig and electricity, wouldnt their fees need to increase in order for them to make it worth their effort?  Isnt that bad for anyone who wants to use bitcoin as currency instead of investment?