On: The Rise and Future Fall of MicroStrategy

[paulryanrogers]

When states fail crypto isn't much of a safe harbor. It's just a fiat with crazy interchange fees, except one with a public ledger.

Also mining will come to an end soon as it becomes impossible to meet the energy demand.

[BLKNSLVR → paulryanrogers]

One of the points is that it is resilient across a 'state failure' because it's not associated with a state.

That's precisely one of it's key differentiators from fiat.

If you're meaning "when all states fail", well, everything falls off the table, and "told you so"-ing about Bitcoin might be just a little bit petty.

[paulryanrogers → BLKNSLVR]

States are getting more sophisticated at tracing crypto coins.

And getting anything useful from them does depend on states not regulating them into obsolescence or black markets, with all the baggage those markets entail.

As for pettiness, I'm not the one promoting dubious benefits, nor am I invested in any coins or their downfall. Just concerned the whole thing is making the world worse: more gambling, more corruption, more scams, more wasted energy, more pollution, etc.