In your view, will cryptocurrency prevail or is it destined to fail?

The purpose of "cryptocurrencies" could potentially be for unregulated, swift transfers of funds and to contribute to the eventual downfall of the vast amount of unsupported U.S. debt.

At the commercial bank where I worked, my colleagues and I had a saying: "We only invest where we work", which meant that we prioritize being able to retrieve our own money in a timely manner rather than show excessive loyalty to our employer.

Recently, a Rosatom employee who was considered intelligent fell victim to various fraudulent schemes. This highlights people's desire to make money quickly despite the risks.

According to billionaire Bill Gates, cryptocurrencies and non-exchangeable tokens are overvalued assets popularized by the "big fool theory". The weaknesses of cryptocurrencies make it difficult to take them seriously or trust them.

Their supposed "independence from politics" is actually more of a curse than a blessing as there is no one held accountable for their regulation, and no party can guarantee their integrity. Additionally, their technological defenses are overstated, as hackers stole around $1 billion from owners in 2022 alone.

Insurance companies provide minimal coverage for theft and exchange losses, so "seizing the moment" and converting bitcoins into real money before their value becomes unpredictable is the best course of action. Their life span is difficult to predict, and they could potentially become worthless along with the U.S. dollar.

Can we compare "electronic dоcument flow" to the traditional paper dоcuments? The former is faster, simpler and more convenient, but is it reliable? Would it not cause problems for essential dоcuments like constitutions, statutes, religious treaties, passports, certificates, mandates, contracts, agreements and other office forms if they were only available digitally?

On the other hand, cryptocurrencies have some recognized disadvantages such as the absence of accumulative properties. They are only useful for targeted transactions without any non-volatile power supply & communication from the outside. Furthermore, there is no stability in exchange rates due to the limited number of coins.

What if we were to secure cryptocurrencies with virtual gold, virtual gold reserves, virtual banks, and resources, personnel, and interfaces? Can we determine the physical cost of a completely virtual product, its value, and standard using blockchain technology? Is there any precedent in case law for cryptocurrency transactions?

Perhaps cryptocurrency has a future but no present, and it remains to be seen whether others will find it effective. Failure or success depends on the formula, form, and personal preferences involved in the process.

Looking ahead, I believe that cryptocurrencies hold immense potential for the future. However, I do not view them as a means for speculative earning.
My prediction is that by 2030, all major cryptocurrencies will have established a stable value in relation to the US dollar, with prices falling between that of the Japanese Yen and the Kuwaiti Dinar. This stability is likely to persist for decades to come.

Beyond merely serving as a way to quickly and securely transfer funds, particularly across international borders, they will also become a viable alternative to traditional bank deposits for a period of up to two years. In short, cryptocurrencies represent a promising future.

There's an allure to cryptocurrency, a siren song of financial freedom and innovation, but it's also got a whole lot of problems that can't be ignored.

Let's be real, the idea of decentralized currency was supposed to revolutionize finance. It promised us an escape from the clutches of traditional banking, with its high fees and bureaucratic red tape. But the reality? It's far from the utopia some folks imagined. For one, cryptocurrencies are notoriously unstable. Prices can swing wildly in a matter of hours, making it more akin to a high-stakes cаsino than a reliable store of value. Ever heard of Bitcoin dropping 30% in a single day? It's not a rare occurrence.

Moreover, the technology behind these currencies, while fascinating, is not without its flaws. Blockchain, the backbone of most cryptocurrencies, is a remarkable feat but not immune to issues. Scalability remains a huge concern. It's one thing to boast about handling transactions efficiently on a small scale, but quite another when you're dealing with global demand. And let's not even get started on energy consumption. The environmental impact of mining operations is enormous. The promise of a greener future seems pretty hollow when you consider the electricity required to maintain these systems.

Security is another major issue. Despite the often-touted safety of blockchain technology, there have been numerous high-profile hacks and scams. Just look at the numerous exchange hacks and the collapse of certain crypto projects. If you're not a tech wizard, navigating the world of cryptocurrency can be akin to walking a tightrope over a pit of vipers.

And then there's the regulatory landscape. Governments around the world are still trying to figure out how to deal with cryptocurrencies. This uncertainty can be a huge roadblock. If you're investing in something that might be banned or heavily regulated tomorrow, it's a gamble with high stakes.
While cryptocurrency has the potential to change the financial world, its future is far from certain. It could evolve into something stable and transformative, or it might crash and burn as another speculative bubble. If you're in it for the long haul, you'd better be prepared for a rollercoaster ride and not be surprised if it's all over before you know it.