RE:Record High I can't wait to see the Bitcoin trade unwind. I just can't buy it, as it makes no sense to me. They say it has value because of scarcity, but there is no scarcity as there are more and more cryptos popping up everyday, plus they are fractionalizing them.
The other major problem I see with it is - what incentive is there for miners to maintain the network once there are no coins left to mine. The network would literally collapse at that point or there would have to be major fees to maintain the network. You could literally see everything wiped out overnight.
The only value I see in it is money laundering and other illicit activities.
I can't believe the government hasn't shut this madness down yet.