Quote Originally Posted by rollingwinter View Post
1. I think you are confusing speculating with actually using crypto to transact with. Buy what you need at the time you need it and be done with it. If you decide to buy more, that's on you in terms of volatility.

2. Very misleading statement. Cryptography, especially SHA256 and ECDSA are hella secure. Quantum computing is about the only issue and that is years down the line. Further, even if quantum could break the cryptography behind Bitcoin, the larger issues are all the other things that would be broken (web security, online banking, stored confidential data, etc). As for programmed/encrypted child porn, that wasn't the programmers. That's because the ledger is open to anyone and if someone pays the tx fee, they can store whatever they want in the excess space. Don't mislead people into thinking that the dev team did it or that the blockchain is littered with it.
Ok but what about the fees and irs taxing it like the stock market. They are now required to report trades. I can send $500 Western Union INSTANT for $5!
CryptoCrap cost $10 just to buy that same amount, then you have to wait 20 DAYS just to transfer it to your wallet. Then after transfered I can spend it and hopefully it's still worth the same or better.
And now the IRS is taxing it as capital gains just like the stock market. I am not paying a 15% premium for a currency exchange.
That's outrageous when I can send a WU for $5 and it is INSTANT.

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