Could anyone help to analyse what's the impact to crypto market if we meet global crisis again this year or next year? In the situation that the crisis will be even larger than 2008.
As is known in 2008, the global economy meets liquidity problem, hedge funds and banks sold their positions to get money.
So if we meet crisis, shall we assume that these institutions/individuals will get money back from crypto market first?

Update adding your point:)

Good point

Thanks, Lightening Network is great, and I did not raise number of transactions per minute as a question, because I think it's just a technical problem, and can be resolved through technics, which is not really a problem.

I am not here to be against BTC or altcoins, I just want it to be designed more reasonable, and look at the long term.

1.Most cryptocurrencies have total limited supply coins like BTC, if it becomes currency, as we know, currency is used to exchange values in goods/services, given that the global economy is growing, how could the limit supply support a larger and larger economy? In history, silver/gold indeed limits economy growth, either in old Mesopotamia  or in old China dynasty of Ming. And in order to resolve it, governments used paper note to provide fluidity. But governments will never limit itself, then economy crisis happens. Now cryptocurrency goes to the old time - limited supply of currency. So as the economy growing, more goods/services are supplied, then BTC will be more and more valuable, then our human nature will prevent us from spending, or we will spend less than a inflation currency, so that our economy will grow slower and slower.
So, in order to resolve this problem, shall we bring inflation to BTC/altcoins or we just publish more cryptos to support different areas of economies?

2.Where is the anchor? Who control the anchor?
If you buy a house, you loan from Bank, if it’s BTC, as the price of BTC is volatile, how can you make sure that you can repay the loan in the future. The fact is that loaning in BTC is going short on BTC, there’s huge risk in it.
A currency cannot be too much volatile, or it cannot be used as a bridge to transfer values. So in crypto world, where is the anchor?
3.Where is the elasticity of Crypto Currency? How loan actually work?
Economy has ebb and flow. If in economy crisis, we need to boost consumption, if the economy grows too fast, we need to curb it. How can crypto currency resolve this problem?
Loan also acts as a way to smooth consumption. If in crisis, I loan, if economy is well, I repay. So who will acts the way now government act to balance the crises and growth?
4.Will fiat currency disappears in the end? Then what the role government will play? Do we need tax? How public services be financed? Will miner whales become rule designers?
The US governments relies on US Dollar, governments using USD to lay liability on citizens, tax them, or to release public debt to make government procurement to provide fluidity or boost economy growth. If the consumer do not want to consume goods, government will pay instead of consumers. If fiat currency disappears, how can public services be served? Believe it or not, companies will not do it. Governments still can lay tax on people, but it’s very very hard. For fiat currency, so many companies can find way to do reasonable tax avoidance, for crypto currencies, I doubt that governments can find ways to tax properly.

5.How can we prevent crypto currencies from doing evil?
For example, gambling, drug deals, nuclear weapons.

6.How can we prevent gap between wealthy and poor from growing? How can we finance those unemployed?
In any system, there is a rule - Positive Feedback(Matthew Effect), which means, power leads to more power, wealthy leads to more wealthy.
Those who are poor and lost their jobs, who will act the role of The Final Employer?
Our graduated rates of income tax, to some extent, reduce the gap between rich and poor. But due to Matthew Effect, if 1% controls 99% BTC, how can it becomes the currency? The poors will fight and invalid the crypto currency, to establish their own governments, then history goes back.

7. Finally, please give examples that what can only be done through BTC but fiat currency?


If you have any answer to any of those questions, please leave a reply.

updated opinion 3

Dear, what you mentioned is not my opinion, I just cite it and post my opinion against it.

exactly.
Ponzi schema is hard to define, and whether there involves speculation is subjective.
Currency is a thing that the reason I accept it is because I believe others will accept it. And that's how Gold/Silver/Shells/Dollar work. I mean, the belief can also considered speculation, it's just different levels of confidence. For example, the theory "Bad money drives out good". US governments promised that $35 dollar can exchange to one ounce, so that allies and people are willing to accept it,  and ended it in 1971. Let's assume another Ponzi program, if you invest gold in this Ponzi program, you get a paper certificate that you can exchange back to gold at a fixed rate, and you can also get paper certificate interest at 2% every year, and the certificate is published by the program. The only way that this program continues is that there are more members to invest gold to join this program. How is this program different from US Dollar? The federal reserve print a lot of certificate(USD) to people, and give them interests, and someday they announce that we do not exchange USD to gold, but you have no other choice, just use USD.
Now we have BTC, the digital Gold, though there may be deflation, but in history, deflation is a good thing most of time.

Yes it is, thank you:)

I heard a lot of discussions from different people that against BTC, let me discuss BTC in historic view to see what BTC is and what it will be.
Opinion 1:
BTC is a Ponzi schema, the reason why I accept it is because I believe there will be bigger fools to purchase it from me.

Answer:
In that point of view, US Dollar could be viewed as a much larger Ponzi schema. The reason why you accept US Dollar is because you believe someone else(or maybe everyone else) would accept it. Someone may argue that US Dollar is backed up by Government or Federal Reserve, and that’s the reason why we believe in US Dollar, which is not true.
In the beginning of 20th Century, there is no Federal Reserve, bank notes are separability published by more than 4000 Banks across US, if you want to exchange/transfer one banknote from this bank to that bank, you need to pay discounts.You may ask why America did not set up US Central bank earlier, wrong question, America did set up First Bank of the United States and Second Bank of the United States. But American people even President Jefferson did not believe in Government control money system in 18th to 20th Century.
Why do we now regard US Dollar as a safe way to store value? Modern monetary theory has an opinion that it’s Tax Driven. The US Dollar you received can pay off your debt to government, which is Tax. One just keep in mind that this note can be paid for bills, that’s enough. The fundamental basis of this theory is that US Government acts as US Dollar final receiver. That’s leads to my opinion, as BTC is becoming a worldwide THING, as long as some governments accepts it as legal currency or commodity, to pay for their people’s debt, BTC has its value, the same as US Dollar. Yes, we have Japan/Denmark/Estonia/Finland/Greece/Iceland/India/Italy/ governments regard it as currency, we have Austria/Germany/Canada/Philippines regard it as Barter Good. We now have 105 of 251 countries to regard it as legal. That’s fit for Modern monetary theory.
So the conclusion is, if BTC is a Ponzi schema, so is US Dollar.

Opinion 2:
BTC has no intrinsic value, but Gold/Silver has.
Answer:
Since thousands year ago, in Mesopotamia, Silver was used as currency, to exchange goods, to loans, and to finance business. The interesting thing is that Silver has no intrinsic value at that time, today we can use Silver for industry, but at that time, Silver is useless, the only reason to use it to exchange goods, is that it’s hard to get it. It’s value is abstract, but good for value transfer.

	Gold	FiatCurrency	Land	Oil	BTC
Durable	yes	n/a	yes	yes	yes
Portable	yes	yes	no	no	yes
Divisible	yes	yes	no	yes	yes
IntrinsicValue	yes	no	yes	yes	yes

BTC does not fit for point 2, but as the world is becoming more and more digital, Aristotle cannot foresee this, but instead, BTC take this as an advantage. We are making more and more value through our technology, so if one currency needs to fit point 2, one needs to carry large bulk of currency to go around, that’s not good.
For point 4, US Dollar has no intrinsic value, Federal Reserve can publish US Dollar to market by “keyboard stroke” (-Bernanke). That’s why so many countries meet hyperinflation, so did America in 1970’s. If in any Emergency situations, eg. at war, the first choice of government is to publish Debt or even just print money, which is a huge allure for any government.
The conclusion is, BTC has the same intrinsic value as Gold/Silver has, which is the cost to mine them. For US Dollar/fiat currency, the answer is no.

Opinion 3
BTC is a Big Bubble.
Answer:
As discussed in point 2, BTC is an upgrade GOLD. So let's assume that BTC replaces gold for government reservation, how much will be 1 BTC equaling to USD?
from wiki(https://en.wikipedia.org/wiki/Gold_reserve), in 2018, the sum of top 20 government gold holding is: 29334.8 metric ton, equaling to $1,218,919,609,600, and let's assume that governments take holding of as much as 50% circulating BTC as reserve(comparing to gold, the percentage is about 30%), given the circulating BTC number now is: 17,038,200(a lot of them are lost), so the price of BTC should be: $1,218,919,609,600 / (17,038,200 * 50%) = $143,080, and now the BTC price is around $8400, how could that be a bubble?
So, even governments replace 10% of their Gold reserve to BTC, the BTC price should reach as much as $14,308.
BTC also has properties that Gold has not, that it has the ability to easily transfer throughout the world, it has smart contracts, it's indeed circulating, paying for goods.
Why governments will take BTC as reserves? It's indeed Nash equilibrium. If BTC just has a potential to be Gold, then if any government does not take it for reserves, it will lose in the future. Comparing to huge potential of a loser, the government must make the move to reserve BTC. Once more and more countries join in, the others will never want to be left behind.
So the conclusion is, even $100,000 for 1 BTC, there is no bubble for it.

Let’s take a deeper view of BTC.
From the beginning of human history, people were looking for something to act as General Equivalents. Good for Good exchanging is not good for value storage, and hard to take value around, so that it limits people’s freedom. Once currency is made and commonly accepted, our life conditions grows. In China, thousands years ago, people even use beautiful shells to exchange things, mainly in lands far away from Sea, so that shells are difficult to fetch especially for beautiful shells.
So the fundamental requirements of currency definition are abstract, once if something is hard to get and publicly accepted, and easy to store, the thing could be used for currency.
As the Global Economy growth, we need something that’s more easy to exchange and store value, an anchor that our economy be based on, something that’s has it’s intrinsic value, something that cannot be devalued by some government’s own interest. That’s the reason that cryptocurrency appears. BTC is a currency that if you trust Math, you believe it cannot be published through a keyboard stroke. As so many people accept it, and so many government regards it as legal, it has its own intrinsic value.

Git:
https://github.com/sinanofficial/bitcoin_related

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I have 57xmr pending balance in mineXMR, but it did not pay me for about 10 days, they paid me regularly on May.
I sent email and also chatted in their IRC, but no one replied me.
Anyone knows what happened?
Thanks

A lot of people in their slack channel asked about what the timeline of listing it in exchanges.
The dev team said:

If cannot listed, TRST means nothing to me, it’s just a story.
Story is just story, every coin has a story, in fact I believe none of them except BTC, why I believe in BTC because I believe many of others believe in it. But not TRST.
I care nothing about if TRST will become successful or not, I just care about earning from ICO, that’s basically the only reason that I put money into crowdsale.  SO, please let me and others know, are YOU GUYS having a plan to list into exchanges? What is the timeline?
I saw others also asked, please help to answer straightforwardly.

And if no listing, how can others join in this story? How can this story be true?
do not trust them, and if you join the crowsale, you money cannot be back shortly, and may disappear eventually.