I meant stock purely in the its just an investment thing.
Aren't Governments worldwide starting to get into the crypto space though? If they do would this mean that the landscape will change? Could there be a death of bitcoin, dogecoin and all of these private currencies and the emergency of governmental backed digital currency? Which I don't really understand how it would be different from fiat currency that we use to pay for goods & services electronically anyway.
Is there any way that we can actually use the block chain for something positive or is the entire space just one big Ponzi scheme.
What would Government regulation of bitcoin even look like? I don't understand how you an buy bitcoin from a website or large exchange and have no security for your purchase. Even if its a novel technology how come regular consumer protection laws don't apply to crypto?
Sorry for all of the questions. It just feels like I fell asleep and crypto became this huge thing overnight and I didn't realise.
The entire purpose of crypto currency is that it's decoupled from government-issued currencies. If a government issued crypto, it would just be another form of fiat currency. Or, it would be a collectible item like commemorative coins issued by the mint, without real money value.
No, the block chain doesn't do anything useful. It's just a type of write-only ledger, which has some niche technical applications, but is generally not good for record keeping. All the applications crypto evangelists tout - crossplay items in video games, immutable property records, easily transferable medical records, etc. - either don't actually need the block chain component or would be disastrous if put into practice.
Consumer protection laws don't apply to crypto
in that way, because it functions like a collectible. If someone bought $10,000 worth of Beanie Babies with the expectation that their value would soon be $1,000,000 and ended up with nothing but a pile of worthless toys, the TY corporation isn't liable.