After re-reading this thread, I would just like to point out, and apologize for getting sucked-in to BFG10K's straw-man troll argument, that a "financial collapse" was somehow equal to an entire infrastructure collapse, such as in Venezuela, that when I said that "Crypto was a way out", that was IMMEDIATELY FOLLOWING the sentence stating (my prediction), that the STOCK MARKET was going to collapse.
THIS HAS HAPPENED BEFORE, and the lights didn't go out in the USA. Back in the Dot-Com boom/bust of 2000. The Stock market virtually IMPLODED, and lost around half of it's total value. Likewise, in 2008, there was a financial crash in the stock market. Lots of people lost lots of money.
If BFG10K would bother to actually educate himself, he would see that:
1) Certain prominent financial "analysts" have declared Bitcoin to be an INDEPENDENT "asset class", and
2) Many financial-services and other large corporations ARE BUYING BITCOIN, often in large (VERY large) quantities.
You have to ask yourself, if these companies ARE NOT STUPID, then WHY?
And that starts you down the path to educating yourself on Crypto.
All I was trying to point out, that Bitcoin (in particular) seems to be a good hedge against other sorts of "market fluctuations", and that it (thus far) has been the "most proven" of crypto-currencies.
I'm not talking about (a hypothetical) "PotatoCoin", or some just-invented $hitcoin, I'm talking about Bitcoin, for some people (maximalists), the ONLY "real" Crypto-currency.
I'm also not denying that there are, or have been, allegedly "ponzi schemes" in crypto, or that there haven't been "shady dealings" in some cases, but that's no different than stocks and other commodities and cash, really. Bitcoin does not, inherently, suffer from either of these things. It's a distributed permissionless public ledger technology.
Edit: Perhaps ironically, "mining" Crypto, is probably one of if not the most "legit" way to EARN CC, by performing services for the blockchain(s), and then getting (your share of) rewards. It's not like some of the admittedly (to my estimation), a bit ponzi-like DEX/DAP/DEFI stuff. I mean, some of this stuff (OTHER THAN mining) is kind of like gambling, no more and no less than the stock / futures / commodities markets, but the potential upside for your personal finances can be HUGE if you're skilled / lucky. (I just do things the "old fashioned" way, and stick to mining.)
Edit: And for the record, I harbor no ill will towards you, nor your opinions. I just think that your knowledge about Crypto is a bit lacking at the moment. We all individually (hopefully) have that "gotcha!" moment about Crypto, where we start to understand. You're not entirely off-base with your religion angle, some of it is much like a "religious experience". But one that is much more profitable, at least on THIS earth.
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