I tend to agree but what if the state one day banned it ? Made it a criminal offence ? I assume they can control the “gatekeepers” ie those portals that are used to convert btc into fiat ? And my only experience so far is that it cost me close to 20% transaction fees I order to purchase what was $100 worth of btc ie I ended up with $80 (now worth $30) . So I don’t get the “cheap bit”. ... I also know that gold could be banned too. But I think the state fears btc more than gold. For many of the reasons you mention.
But....what if your internet is turned off? Aren't you still controlled by the state, directly or indirectly?
I tend to agree but what if the state one day banned it ? Made it a criminal offence ? I assume they can control the “gatekeepers” ie those portals that are used to convert btc into fiat ? And my only experience so far is that it cost me close to 20% transaction fees I order to purchase what was $100 worth of btc ie I ended up with $80 (now worth $30) . So I don’t get the “cheap bit”. ... I also know that gold could be banned too. But I think the state fears btc more than gold. For many of the reasons you mention.
16 reasonable points maybe, but not many well made. To look at but a few:
2. It does not provide a safe store, merely a gamble on Bitcoin futures.
5. It does obviate Centrel Banking, but what is the implication? - That we will soon get btcoin lenders charging unregulated interest rates.
3. and 6. It may provide free transactions, but with an volatile 'currency' it is not reliable.
12. and 13. A new way to gamble rather than an Asset Class.
15. I forget the figures ,but it takes so much energy to create bitcoin, how can is save money?
SIXTEEN REASONABLE POINTS, WELL MADE.