I admit it.
Since the very first day I heard about Bitcoin, I’ve been skeptical. In fact, “‘skeptical” doesn’t begin to cover it.
Think about it. Why would anyone in their right mind, give up cold, hard-earned cash for something they can’t even see – and worse, will never see? Talk about blind faith!
Let’s check off some good reasons why crypto currency makes no sense:
- It can have no real value as a currency because it is simply too volatile
- It may be scarce, but scarcity does not necessarily create value
- Utility creates value, but where is the utility?
- Bitcoin (for example) will only have value as long as enough people believe in it
Yet, today, I own some crypto currency. What happened?
This blog will drag you behind the curtain and reveal how I fell, kicking and screaming down, the rabbit hole of crypto currency. It was not pretty, nor was it conventional. In fact, you may be surprised, even fascinated, by what I found.