This has been beaten to death. Now that the speculative bubble has shown cracks the BTC heads are trying to rational its existence. There is no magic...a currency needs to meet a number of criteria, being a relatively stable store of value is one. BTC is not. There very well may be one down the road but I am not smart enough to pick which one. So my investments are in the technology not a specific coin.
I was just asking a question, you could have said gold or something else. Don't worry about the short term value of btc, too much. It's done this many times in the past.
Ink and paper (aka law) beats computational power. But since you asked I would back my crypto with nuclear power. Ah, screw the power, just with nukes.
That's good, Pekelo. It's called the $ and it is widely accepted, unfortunately, as a form of digital currency, the $ does not work well on the internet. The missing part is the trust as any other form of payment outside of cryptos need to go through a centralized institution and the transaction can be reversed. There is also the problem of the manipulation of supply. The decentralized nature of cryptos gives it huge advantages which in turn result in being the accepted global digital currency.
The USD, AUS, Yen, Pound, Euro really seem to be holding their own today. Cryptos are going to dilute the shit out of themselves. If it were just BTC and a few others maybe itd work, but theres 1400 worthless coins and its only going to get worse. Good concept gone bad