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RE: Crypto Dives AGAIN? Trading and Some Warnings

Bitcoin was the first and profited a lot from beeing the only fiat trading pair and entry for other crypto currencies, but now Ethereum has taken a fair share of that too and in the future there will be more fiat to crypto trading pairs, which will reduce the only real use case for Bitcoin. That's when I believe it will slowely start dying, the process might have started already.

I never believed that Bitcoin had any value at all and I'm still confident it will converge to zero over time. It will probably take 10+ years but at some point it will not make any sense to hold Bitcoin for anyone. It's absolutely horrible how much energy was wasted on this network already. It basically disappeared into thin air for nothing and could have been used to solve real world problems instead.

I know some of you believe in some ideologic fantasy that Bitcoin one day will replace financial institutions, but I don't undestand how this is even desirable. There is a balance between safety and anonymity. Replacing financial institutions gives more power and anonymity to the single individual, but it also opens up potential for crime under the cloack of anonymity. It is not a good solution and most likely will never become reality. So much on Bitcoin from my point of view.

The only crypto currency that really caught my attention last year was XRP. I know they have some unrealistic goals as well, but at least these make sense. And I really don't understand why people don't see longterm potential for XRP. There is a whole successful company behind it, whos goals are to increase the price, the adoption and value of XRP. And so are all the partners who have invested into it or received XRP. Why would this have less longterm potential compared to BTC, which does not even have a real use case right now and wastes tons of energy. Someone care to explain?