LogFAQs > #893070730

Seems like there's a fair number of people here who are into it... so. What's it's purpose, and more importantly, how will it get there?

Everyone I know who does anything with cryptocurrency does it with the sole intent of converting it back to fiat currency... which kinda defeats the purpose of it, doesn't it? If people are only investing in it to get rich, the "inevitable correction" everyone keeps talking about is guaranteed to be a crash that utterly destroys the cryptocurrency market, isn't it?

Second question... what's to prevent a government banning of it? I hear a lot of people saying they want a "deregulated currency that the government has no direct control over". So what's to stop a government from just saying "All transactions within the country not using our currency is strictly forbidden", thus driving it into only black market exchanges (meaning it can never actually replace fiat currency).

I'm just struggling to see the end goal and how it intends to get there. I see big companies "investing" in it, but I can't help but feel that's to line their own pockets as prices skyrocket and they sell off.
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Assassins do it from behind.