Some things to note about Cryptos

Now I didnt write this but I think most of us can agree on whats being presented here.

Hello, fellow Bitcoiners.
I'm an economist and I've been been following Bitcoin for quite some time now. What I've always found the most entertaining property of cryptocurrency is how it exposes the massive economic illiteracy among the so-called financial journalists and, indeed, a large portion of the financial elite and even quite a few prominent economists (Joseph Stiglitz, to name one).
Having said that, I want to arm my fellow Bitcoin users with a small amount of knowledge that should be enough to knock out the most widely held objection to cryptocurrency's value that you would encounter from your families, friends and acquaintances: the idea that money needs to be 'backed' by something, whether it's a financial institution, an army or just plain belief in it. The simple fact is that this isn't true now, has never been true, and will never be true.
Money is valuable because it is the simplest, most efficient and most effective way of signalling economic data across large groups of people. A currency, the manifestation of money, is valuable when it does a good job of transferring the aforementioned data by being:
1) easy to use and understand by everyone
2) tamperproof such that it resists corruption of the original signal
3) neglegible in overhead costs

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Cryptocurrency is a happy marriage of information technology improving n°1 and distributed cryptology improving n°2, while SegWit and Lightning continue to improve on n°3. Put simply, in terms most educated people can understand: Bitcoin has value because it is better at acting as an information carrier for economic data than any traditional currency. It protects signal integrity to a degree that no other currency type can. This is why cryptocurrency is so valuable, and why it will continue to soar until all fiat currency has collapsed around it.
Good money, in short, is all about reliably transferring economic preferences. It has sod all to with 'backing', 'trust', government 'protection', 'sound' fiscal policy or any of the other racketeering schemes that powerful groups have been using to take the data signalled by ordinary people and corrupt it into something that benefits only the elites.
Any time a journalist or so-called expert objects to cryptocurrency because it's not 'backed' by any of the above, they betray their ignorance, their illiteracy and their complete blindness to the revolution that's happening right under their feet and which will, in time, bring down the corrupt power structures of our world to create a freer, fairer society for all of us.
Arm yourselves with this knowledge, educate your peers, and steel your hearts with the understanding that our foes are defending a dying paradigm while their world crumbles around them.
Vires in Numeris!

What an ass

how much bitcoin for this cured roast beef

did you know that India has really high interest rates compared to the rest of the world? maybe if your gov't lowered them you wouldn't be constipated all the time and you'd learn how to be better. Be better Pajeet

Ms. Yellen, you have excellent taste in women.

who the fuck is this goddess tier semen demon

Give me sauce on this cumdumpster nao.

now this is the sort of women that Veeky Forums should be posting

Currency is that which other things are compared with.

You dont compare value of sneakers with value of coffee.

Currency is the one which people want to compare or measure all other things with.