Buy ethereum uk

markj113 wrote: »

Apply the above criteria to mainstream banks, do they pass the test?

Whilst not perfect, banks are much more tightly and transparently regulated than crypto.

Money in the bank is guaranteed up to £85k.

Good luck getting your crypto "currency" converted back if it all goes wrong.

Its a bubble with no intrinsic value. Yes you might make money on it as more and more people hope to make a quick buck. But the people holding it when the music stops are going to be hit very hard. In terms of an "investment" Its basicially just the same as playing roulette in Vegas, just less fun.

Fiat banking transparency and regulation is a mirage. Many promised post GFC reforms and fixes have been neutered or blocked by the banks. Compensation and guarantee schemes are all at everyone else's or 'the future's' expense, confidence tricks. Shadow banking oversight is hopelessly lax and that's where systemic failures are lurking.

As for crypto, there are significant technical hurdles and barriers to overcome. I'm confident they will be in time, that said probably not in mine though.

Interoperability, linking or merging of crypo ledgers and features are in their infancy.

Democratic free market currency is on the way whether the money printing masters, vested interests and flat Earthers like it or not. How much traction what currently exists, eventually gains, is anyone's guess at this stage. I certainly don't see it as a traditional investment in the way many who start these threads seem to.

The money printers only realistic option, with many democratic countries now already accepting the inevitable, is to either start pulling strings and shut it all down, which is already close to impossible and will expose them for what they really are, or to adopt and then seek to somehow steal back central control and retain their access and manipulation privileges.

I assume you're well aware currency is simply an accepted token of exchange for goods and services, derived from an abstract called money, which in the case of fiat is backed by nothing but the threat of government violence.

What you're buying into with crypto is a piece of an electronic financial infrastructure framework, all of the technical and conceptual work being done on it, all that it has already achieved, all of it's potential, future development, direction and as yet unexplored uses.

What it offers currently is integrity, equity and unfettered access, what you're buying into is that in future that will continue to evolve, gain traction and compete with the traditional money printing fraud, currently living on borrowed time.

It is a very high risk proposition in terms of a return on capital but by investing or buying in or by speculating or whatever you're choosing to do, you do so freely without interference and with all the associated risks, and that is the direction the whole concept was and is intending to travel.

fwor wrote: »

I guess the short version of that is that you don't know whether it will go up in value or not?

Doesnt that apply to every other investment?

The only sure thing is that through inflation and QE your fiat is worth less year on year without fail.

fwor wrote: »

I guess the short version of that is that you don't know whether it will go up in value or not?

That goes without saying, what I do know is that all fiat will keep swirling down the pan.