This isn't a bubble, by this point it is a market for middleman-resistant bookkeeping. It'll be the same as gold, we've had people claiming gold is worthless for all of recorded history and it keeps on going.
This isn't a bubble, by this point it is a market for middleman-resistant bookkeeping. It'll be the same as gold, we've had people claiming gold is worthless for all of recorded history and it keeps on going.
It's not a bubble it's a set of scams whose primary value is in allowing bad actors be they oppressive governments or criminal groups to move money around bypassing embargoes and bans. On top of that we also get a new scam bubble every little bit so that we can point and say "see that one isn't a scam" until it turns out it is, or its being used to send money to north Korea or Iran or whatever.
It's not one scam it's a series of scams. It's not useless it also allows large scale financial crimes. It's amazing!